10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
DEERE & CO | |||
Ticker: DE Fiscal Year: 2018 | |||
STATEMENT OF CONSOLIDATED INCOME | |||
Period Ending Oct 28, 2018 10-K (Filed: Dec 17, 2018) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 28, 2018 | Oct 29, 2017 | Oct 30, 2016 | |
| Net Sales and Revenues | |||
| Net sales and revenues | $ 37,357,700 | 29,737,700 | 26,644,000 |
| Costs and Expenses | |||
| Costs and Expenses | |||
| Research and development expenses | 1,657,600 | 1,372,500 | 1,393,700 |
| Selling, administrative and general expenses | 3,455,500 | 3,097,800 | 2,791,200 |
| Interest expense | 1,203,600 | 899,500 | 763,700 |
| Total | 33,287,000 | 26,583,900 | 24,420,000 |
| Income of Consolidated Group before Income Taxes | 4,070,700 | 3,153,800 | 2,224,000 |
| Provision for income taxes | 1,726,900 | 971,100 | 700,100 |
| Income of Consolidated Group | 2,343,800 | 2,182,700 | 1,523,900 |
| Equity in income (loss) of unconsolidated affiliates | 26,800 | (23,500) | (2,400) |
| Net Income | 2,370,600 | 2,159,200 | 1,521,500 |
| Less: Net income (loss) attributable to noncontrolling interests | 2,200 | 100 | (2,400) |
| Net Income Attributable to Deere & Company | 2,368,400 | 2,159,100 | 1,523,900 |
| Per Share Data | |||
| Basic (in dollars per share) | 7.34 | 6.76 | 4.83 |
| Diluted (in dollars per share) | 7.24 | 6.68 | 4.81 |
| Dividends declared (in dollars per share) | 2.58 | 2.40 | 2.40 |
| Average Shares Outstanding | |||
| Basic (in shares) | 322,600 | 319,500 | 315,200 |
| Diluted (in shares) | 327,300 | 323,300 | 316,600 |
| Products and Services | |||
| Net Sales | |||
| Net sales and revenues | 33,350,700 | 25,885,100 | 23,387,300 |
| Costs and expenses | 25,571,200 | 19,866,200 | 18,196,100 |
| Finance and Interest Income | |||
| Net sales and revenues | 3,106,600 | 2,731,500 | 2,511,200 |
| Other | |||
| Net sales and revenues | 900,400 | 1,121,100 | 745,500 |
| Costs and expenses | 1,399,100 | 1,347,900 | 1,275,300 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
DEERE & CO | |||
Ticker: DE Fiscal Year: 2018 | |||
STATEMENT OF CONSOLIDATED COMPREHENSIVE INCOME | |||
Period Ending Oct 28, 2018 10-K (Filed: Dec 17, 2018) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 28, 2018 | Oct 29, 2017 | Oct 30, 2016 | |
| Net income | $ 2,370,600 | 2,159,200 | 1,521,500 |
| Other Comprehensive Income (Loss), Net of Income Taxes | |||
| Retirement benefits adjustment | 1,052,400 | 828,800 | (907,600) |
| Cumulative translation adjustment | (195,400) | 230,600 | 9,000 |
| Unrealized gain on derivatives | 9,100 | 3,700 | 2,900 |
| Unrealized loss on investments | (13,300) | (600) | (900) |
| Other Comprehensive Income (Loss), Net of Income Taxes | 852,800 | 1,062,500 | (896,600) |
| Comprehensive Income of Consolidated Group | 3,223,400 | 3,221,700 | 624,900 |
| Less: Comprehensive income (loss) attributable to noncontrolling interests | 2,100 | 300 | (2,400) |
| Comprehensive Income Attributable to Deere & Company | 3,221,300 | 3,221,400 | 627,300 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
DEERE & CO | |||
Ticker: DE Fiscal Year: 2018 | |||
STATEMENT OF CONSOLIDATED CASH FLOWS | |||
Period Ending Oct 28, 2018 10-K (Filed: Dec 17, 2018) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 28, 2018 | Oct 29, 2017 | Oct 30, 2016 | |
| Cash Flows from Operating Activities | |||
| Net income | $ 2,370,600 | 2,159,200 | 1,521,500 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision for credit losses | 90,800 | 98,300 | 94,300 |
| Provision for depreciation and amortization | 1,927,100 | 1,715,500 | 1,559,800 |
| Impairment charges | 39,800 | 85,100 | |
| Share-based compensation expense | 83,800 | 68,100 | 70,600 |
| Gain on sale of affiliates and investments | (25,100) | (375,100) | (74,500) |
| Undistributed earnings of unconsolidated affiliates | (26,300) | (14,400) | (1,900) |
| Provision for deferred income taxes | 1,479,900 | 100,100 | 282,700 |
| Changes in assets and liabilities: | |||
| Trade, notes and financing receivables related to sales | (1,531,100) | (838,900) | 335,200 |
| Inventories | (1,772,300) | (1,305,300) | (106,100) |
| Accounts payable and accrued expenses | 722,300 | 968,000 | (155,200) |
| Accrued income taxes payable/receivable | (466,200) | (84,200) | 7,000 |
| Retirement benefits | (1,026,100) | (31,900) | 238,600 |
| Other | (7,100) | (299,400) | (87,400) |
| Net cash provided by operating activities | 1,820,300 | 2,199,800 | 3,769,700 |
| Cash Flows from Investing Activities | |||
| Collections of receivables (excluding receivables related to sales) | 15,589,300 | 14,671,100 | 14,611,400 |
| Proceeds from maturities and sales of marketable securities | 76,600 | 404,200 | 169,400 |
| Proceeds from sales of equipment on operating leases | 1,482,700 | 1,440,800 | 1,256,200 |
| Proceeds from sales of businesses and unconsolidated affiliates, net of cash sold | 155,600 | ||
| Proceeds from sales of businesses and unconsolidated affiliates, net of cash sold | 113,900 | 81,100 | |
| Cost of receivables acquired (excluding receivables related to sales) | (17,013,300) | (15,221,800) | (13,954,500) |
| Acquisitions of businesses, net of cash acquired | (5,245,000) | (284,200) | (198,500) |
| Purchases of marketable securities | (132,800) | (118,000) | (171,200) |
| Purchases of property and equipment | (896,400) | (594,900) | (644,400) |
| Cost of equipment on operating leases acquired | (2,053,700) | (1,997,400) | (2,310,700) |
| Other | (117,400) | (58,000) | (16,000) |
| Net cash used for investing activities | (8,154,400) | (1,644,300) | (1,177,200) |
| Cash Flows from Financing Activities | |||
| Increase (decrease) in total short-term borrowings | 473,200 | 1,310,600 | (1,213,600) |
| Proceeds from long-term borrowings | 8,287,800 | 8,702,200 | 5,070,700 |
| Payments of long-term borrowings | (6,245,300) | (5,397,000) | (5,267,600) |
| Proceeds from issuance of common stock | 216,900 | 528,700 | 36,000 |
| Repurchases of common stock | (957,900) | (6,200) | (205,400) |
| Dividends paid | (805,800) | (764,000) | (761,300) |
| Other | (92,500) | (87,800) | (64,700) |
| Net cash provided by (used for) financing activities | 876,400 | 4,286,500 | (2,405,900) |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents | 26,800 | 157,100 | (13,000) |
| Net Increase (Decrease) in Cash and Cash Equivalents | (5,430,900) | 4,999,100 | 173,600 |
| Cash and Cash Equivalents at Beginning of Year | 9,334,900 | 4,335,800 | |
| Cash and Cash Equivalents at End of Year | 3,904,000 | 9,334,900 | 4,335,800 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
DEERE & CO | ||
Ticker: DE Fiscal Year: 2018 | ||
CONSOLIDATED BALANCE SHEET | ||
Period Ending Oct 28, 2018 10-K (Filed: Dec 17, 2018) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Oct 28, 2018 | Oct 29, 2017 | |
| ASSETS | ||
| Cash and cash equivalents | $ 3,904,000 | 9,334,900 |
| Marketable securities | 490,100 | 451,600 |
| Receivables from unconsolidated affiliates | 21,700 | 35,900 |
| Trade accounts and notes receivable - net | 5,004,300 | 3,924,900 |
| Financing receivables - net | 27,054,100 | 25,104,100 |
| Financing receivables securitized - net | 4,021,400 | 4,158,800 |
| Other receivables | 1,735,500 | 1,200,000 |
| Equipment on operating leases - net | 7,165,400 | 6,593,700 |
| Inventories | 6,148,900 | 3,904,100 |
| Property and equipment - net | 5,867,500 | 5,067,700 |
| Investments in unconsolidated affiliates | 207,300 | 182,500 |
| Goodwill | 3,100,700 | 1,033,300 |
| Other intangible assets - net | 1,562,400 | 218,000 |
| Retirement benefits | 1,298,300 | 538,200 |
| Deferred income taxes | 808,000 | 2,415,000 |
| Other assets | 1,718,400 | 1,623,600 |
| Total Assets | 70,108,000 | 65,786,300 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| LIABILITIES | ||
| Short-term borrowings | 11,061,400 | 10,035,300 |
| Short-term securitization borrowings | 3,957,300 | 4,118,700 |
| Payables to unconsolidated affiliates | 128,900 | 121,900 |
| Accounts payable and accrued expenses | 10,111,000 | 8,417,000 |
| Deferred income taxes | 555,800 | 209,700 |
| Long-term borrowings | 27,237,400 | 25,891,300 |
| Retirement benefits and other liabilities | 5,751,000 | 7,417,900 |
| Total liabilities | 58,802,800 | 56,211,800 |
| Commitments and contingencies (Note 22) | ||
| Redeemable noncontrolling interest (Note 4) | 14,000 | 14,000 |
| STOCKHOLDERS' EQUITY | ||
| Common stock, $1 par value (authorized - 1,200,000,000 shares; issued - 536,431,204 shares in 2018 and 2017), at paid-in amount | 4,474,200 | 4,280,500 |
| Common stock in treasury, 217,975,806 shares in 2018 and 214,589,902 shares in 2017, at cost | (16,311,800) | (15,460,800) |
| Retained earnings | 27,553,000 | 25,301,300 |
| Accumulated other comprehensive income (loss) | (4,427,600) | (4,563,700) |
| Total Deere & Company stockholders' equity | 11,287,800 | 9,557,300 |
| Noncontrolling interests | 3,400 | 3,200 |
| Total stockholders' equity | 11,291,200 | 9,560,500 |
| Total Liabilities and Stockholders' Equity | 70,108,000 | 65,786,300 |
| External Links | |
| DEERE & CO (DE) Fiscal Year 2018 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |