Deere & Company (DE) financial statements (2022 and earlier)
Company profile
| Business Address |
ONE JOHN DEERE PLACE MOLINE, IL 61265-8098 |
| State of Incorp. | DE |
| Fiscal Year End | October 31 |
| SIC | 3523 - Farm Machinery and Equipment (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 1/31/2022 Q1 | 10/31/2021 Q4 | 7/31/2021 Q3 | 4/30/2021 Q2 | 1/31/2021 Q1 | 10/31/2020 Q4 | 7/31/2020 Q3 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 4,472 | 8,017 | 7,519 | 7,182 | 6,962 | 7,066 | 8,190 | ||
| Cash and cash equivalents | 4,472 | 8,017 | 7,519 | 7,182 | 6,962 | 7,066 | 8,190 | ||
| Inventory, net of allowances, customer advances and progress billings | 7,935 | 6,781 | 6,410 | 6,042 | 5,956 | 4,999 | 5,650 | ||
| Inventory | 7,935 | 6,781 | 6,410 | 6,042 | 5,956 | 4,999 | 5,650 | ||
| Total current assets: | 12,407 | 14,798 | 13,929 | 13,224 | 12,918 | 12,065 | 13,840 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 65 | 71 | 68 | 73 | 57 | 63 | 56 | ||
| Operating lease, right-of-use asset | 276 | 291 | 310 | 345 | 327 | 324 | 341 | ||
| Property, plant and equipment | 1,326 | 1,339 | |||||||
| Long-term investments and receivables | 176 | 175 | 188 | 182 | 178 | 193 | 199 | ||
| Long-term investments | 176 | 175 | 188 | 182 | 178 | 193 | 199 | ||
| Intangible assets, net (including goodwill) | 4,401 | 4,566 | 4,415 | 4,500 | 4,536 | 4,408 | 4,285 | ||
| Goodwill | 3,192 | 3,291 | 3,148 | 3,190 | 3,194 | 3,081 | 2,984 | ||
| Intangible assets, net (excluding goodwill) | 1,209 | 1,275 | 1,267 | 1,310 | 1,342 | 1,327 | 1,301 | ||
| Deferred income tax assets | 923 | 1,037 | 1,767 | 1,724 | 1,556 | 1,499 | 1,534 | ||
| Total noncurrent assets: | 5,841 | 7,466 | 6,748 | 6,824 | 6,654 | 7,826 | 6,415 | ||
| Other undisclosed assets | 61,366 | 61,850 | 60,011 | 58,931 | 55,908 | 55,200 | 57,009 | ||
| TOTAL ASSETS: | 79,614 | 84,114 | 80,688 | 78,979 | 75,480 | 75,091 | 77,264 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 10,990 | 10,919 | 10,404 | 24 | 20 | 21 | 18 | ||
| Total current liabilities: | 10,990 | 10,919 | 10,404 | 24 | 20 | 21 | 18 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 32,870 | 32,926 | 32,322 | 33,391 | 32,808 | 32,773 | 34,070 | ||
| Long-term debt, excluding current maturities | 32,838 | 32,888 | 32,280 | 33,346 | 32,772 | 32,734 | 34,037 | ||
| Finance lease, liability | 32 | 38 | 42 | 45 | 36 | 39 | 33 | ||
| Liabilities, other than long-term debt | 556 | 576 | 515 | 533 | 532 | 519 | 479 | ||
| Deferred income tax liabilities | 556 | 576 | 515 | 533 | 532 | 519 | 479 | ||
| Total noncurrent liabilities: | 33,426 | 33,502 | 32,837 | 33,924 | 33,340 | 33,292 | 34,549 | ||
| Other undisclosed liabilities | 17,390 | 21,259 | 21,714 | 29,935 | 28,034 | 28,834 | 29,806 | ||
| Total liabilities: | 61,806 | 65,680 | 64,955 | 63,883 | 61,394 | 62,147 | 64,373 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 17,804 | 18,431 | 15,731 | 15,092 | 14,083 | 12,937 | 12,888 | ||
| Common stock | 5,066 | 5,054 | 5,031 | 4,999 | 4,942 | 4,895 | 4,750 | ||
| Treasury stock, value | (21,139) | (20,533) | (19,780) | (19,052) | (18,377) | (18,065) | (17,671) | ||
| Accumulated other comprehensive loss | (3,152) | (2,539) | (5,011) | (4,960) | (5,078) | (5,539) | (5,319) | ||
| Retained earnings | 37,029 | 36,449 | 35,491 | 34,105 | 32,596 | 31,646 | 31,128 | ||
| Stockholders' equity attributable to noncontrolling interest | 4 | 3 | 2 | 4 | 3 | 7 | 3 | ||
| Total stockholders' equity: | 17,808 | 18,434 | 15,733 | 15,096 | 14,086 | 12,944 | 12,891 | ||
| TOTAL LIABILITIES AND EQUITY: | 79,614 | 84,114 | 80,688 | 78,979 | 75,480 | 75,091 | 77,264 | ||
Income statement (P&L) ($ in millions)
| 1/31/2022 Q1 | 10/31/2021 Q4 | 7/31/2021 Q3 | 4/30/2021 Q2 | 1/31/2021 Q1 | 10/31/2020 Q4 | 7/31/2020 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 9,569 | 11,327 | 11,527 | 12,058 | 9,112 | 9,731 | 8,925 | |
| Cost of revenue | (7,207) | (8,276) | (8,115) | (8,504) | (6,365) | (7,055) | (6,504) | |
| Gross profit: | 2,362 | 3,051 | 3,412 | 3,554 | 2,747 | 2,676 | 2,421 | |
| Operating expenses | (1,211) | (1,438) | (1,262) | (1,242) | (1,219) | (1,560) | (1,151) | |
| Operating income: | 1,151 | 1,613 | 2,150 | 2,312 | 1,528 | 1,116 | 1,270 | |
| Interest and debt expense | (229) | (210) | (244) | (268) | (271) | (278) | (290) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 229 | 210 | 244 | 268 | 271 | 278 | 290 | |
| Income from continuing operations before equity method investments, income taxes: | 1,151 | 1,613 | 2,150 | 2,312 | 1,528 | 1,116 | 1,270 | |
| Income (loss) from equity method investments | 3 | 8 | 8 | 4 | (28) | (2) | ||
| Income from continuing operations before income taxes: | 1,154 | 1,613 | 2,158 | 2,320 | 1,532 | 1,088 | 1,268 | |
| Income tax expense | (250) | (330) | (491) | (530) | (308) | (330) | (457) | |
| Net income: | 904 | 1,283 | 1,667 | 1,790 | 1,224 | 758 | 811 | |
| Net loss attributable to noncontrolling interest | (1) | |||||||
| Net income available to common stockholders, diluted: | 903 | 1,283 | 1,667 | 1,790 | 1,224 | 758 | 811 | |
Comprehensive Income ($ in millions)
| 1/31/2022 Q1 | 10/31/2021 Q4 | 7/31/2021 Q3 | 4/30/2021 Q2 | 1/31/2021 Q1 | 10/31/2020 Q4 | 7/31/2020 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 904 | 1,283 | 1,667 | 1,790 | 1,224 | 758 | 811 | |
| Other comprehensive income (loss) | (613) | 2,472 | (51) | 118 | 461 | (220) | 396 | |
| Comprehensive income: | 291 | 3,755 | 1,616 | 1,908 | 1,685 | 538 | 1,207 | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (1) | |||||||
| Comprehensive income, net of tax, attributable to parent: | 290 | 3,755 | 1,616 | 1,908 | 1,685 | 538 | 1,207 | |
Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.