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 investments4,4728,0177,5197,1826,9627,0668,190
Cash and cash equivalents4,4728,0177,5197,1826,9627,0668,190
Inventory, net of allowances, customer advances and progress billings7,9356,7816,4106,0425,9564,9995,650
Inventory7,9356,7816,4106,0425,9564,9995,650
Total current assets:12,40714,79813,92913,22412,91812,06513,840
Noncurrent Assets
Finance lease, right-of-use asset65716873576356
Operating lease, right-of-use asset276291310345327324341
Property, plant and equipment 1,326   1,339 
Long-term investments and receivables176175188182178193199
Long-term investments176175188182178193199
Intangible assets, net (including goodwill)4,4014,5664,4154,5004,5364,4084,285
Goodwill3,1923,2913,1483,1903,1943,0812,984
Intangible assets, net (excluding goodwill)1,2091,2751,2671,3101,3421,3271,301
Deferred income tax assets9231,0371,7671,7241,5561,4991,534
Total noncurrent assets:5,8417,4666,7486,8246,6547,8266,415
Other undisclosed assets61,36661,85060,01158,93155,90855,20057,009
TOTAL ASSETS:79,61484,11480,68878,97975,48075,09177,264
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt10,99010,91910,40424202118
Total current liabilities:10,99010,91910,40424202118
Noncurrent Liabilities
Long-term debt and lease obligation32,87032,92632,32233,39132,80832,77334,070
Long-term debt, excluding current maturities32,83832,88832,28033,34632,77232,73434,037
Finance lease, liability32384245363933
Liabilities, other than long-term debt556576515533532519479
Deferred income tax liabilities556576515533532519479
Total noncurrent liabilities:33,42633,50232,83733,92433,34033,29234,549
Other undisclosed liabilities17,39021,25921,71429,93528,03428,83429,806
Total liabilities:61,80665,68064,95563,88361,39462,14764,373
Stockholders' equity
Stockholders' equity attributable to parent17,80418,43115,73115,09214,08312,93712,888
Common stock5,0665,0545,0314,9994,9424,8954,750
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 earnings37,02936,44935,49134,10532,59631,64631,128
Stockholders' equity attributable to noncontrolling interest4324373
Total stockholders' equity:17,80818,43415,73315,09614,08612,94412,891
TOTAL LIABILITIES AND EQUITY:79,61484,11480,68878,97975,48075,09177,264

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
Revenues9,56911,32711,52712,0589,1129,7318,925
Cost of revenue(7,207)(8,276)(8,115)(8,504)(6,365)(7,055)(6,504)
Gross profit:2,3623,0513,4123,5542,7472,6762,421
Operating expenses(1,211)(1,438)(1,262)(1,242)(1,219)(1,560)(1,151)
Operating income:1,1511,6132,1502,3121,5281,1161,270
Interest and debt expense(229)(210)(244)(268)(271)(278)(290)
Other undisclosed income from continuing operations before equity method investments, income taxes229210244268271278290
Income from continuing operations before equity method investments, income taxes:1,1511,6132,1502,3121,5281,1161,270
Income (loss) from equity method investments3 884(28)(2)
Income from continuing operations before income taxes:1,1541,6132,1582,3201,5321,0881,268
Income tax expense(250)(330)(491)(530)(308)(330)(457)
Net income:9041,2831,6671,7901,224758811
Net loss attributable to noncontrolling interest(1)      
Net income available to common stockholders, diluted:9031,2831,6671,7901,224758811

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:9041,2831,6671,7901,224758811
Other comprehensive income (loss)(613)2,472(51)118461(220)396
Comprehensive income:2913,7551,6161,9081,6855381,207
Comprehensive loss, net of tax, attributable to noncontrolling interest(1)      
Comprehensive income, net of tax, attributable to parent:2903,7551,6161,9081,6855381,207

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.

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