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: 2009 | |||
STATEMENT OF CONSOLIDATED INCOME | |||
Period Ending Oct 31, 2009 10-K (Filed: Dec 17, 2009) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 31, 2009 | Oct 31, 2008 | Oct 31, 2007 | |
| Net Sales and Revenues | |||
| Net sales | $ 20,756,100 | 25,803,500 | 21,489,100 |
| Finance and interest income | 1,842,100 | 2,068,400 | 2,054,800 |
| Other income | 514,200 | 565,700 | 538,300 |
| Total | 23,112,400 | 28,437,600 | 24,082,200 |
| Costs and Expenses | |||
| Cost of sales | 16,255,200 | 19,574,800 | 16,252,800 |
| Research and development expenses | 977,000 | 943,100 | 816,800 |
| Selling, administrative and general expenses | 2,780,600 | 2,960,200 | 2,620,800 |
| Interest expense | 1,042,400 | 1,137,000 | 1,151,200 |
| Other operating expenses | 717,400 | 698,700 | 565,100 |
| Total | 21,772,600 | 25,313,800 | 21,406,700 |
| Income of Consolidated Group before Income Taxes | 1,339,800 | 3,123,800 | 2,675,500 |
| Provision for income taxes | 460,000 | 1,111,200 | 883,000 |
| Income of Consolidated Group | 879,800 | 2,012,600 | 1,792,500 |
| Equity in income (loss) of unconsolidated affiliates | (6,300) | 40,200 | 29,200 |
| Net Income | 873,500 | 2,052,800 | 1,821,700 |
| Per Share Data | |||
| Net Income - basic (in dollars per share) | 2.07 | 4.76 | 4.05 |
| Net Income - diluted (in dollars per share) | 2.06 | 4.70 | 4.00 |
| Dividends declared (in dollars per share) | 1.12 | 1.06 | 0.91 |
| Average Shares Outstanding | |||
| Basic (in millions of shares) | 422,800 | 431,100 | 449,300 |
| Diluted (in millions of shares) | 424,400 | 436,300 | 455,000 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
DEERE & CO | |||
Ticker: DE Fiscal Year: 2009 | |||
STATEMENT OF CONSOLIDATED CASH FLOWS | |||
Period Ending Oct 31, 2009 10-K (Filed: Dec 17, 2009) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 31, 2009 | Oct 31, 2008 | Oct 31, 2007 | |
| Cash Flows from Operating Activities | |||
| Net income | $ 873,500 | 2,052,800 | 1,821,700 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision for doubtful receivables | 231,800 | 95,400 | 71,000 |
| Provision for depreciation and amortization | 873,300 | 831,000 | 744,400 |
| Goodwill impairment charge | 289,200 | ||
| Share-based compensation expense | 70,500 | 70,600 | 82,000 |
| Undistributed earnings of unconsolidated affiliates | 7,000 | (18,700) | (17,100) |
| Provision (credit) for deferred income taxes | 171,600 | 89,700 | (4,200) |
| Changes in assets and liabilities: | |||
| Trade, notes and financing receivables related to sales | 481,800 | (428,400) | 131,100 |
| Inventories | 452,500 | (1,195,400) | (357,200) |
| Accounts payable and accrued expenses | (1,168,300) | 702,100 | 418,600 |
| Accrued income taxes payable/receivable | (234,200) | 92,800 | 10,500 |
| Retirement benefits | (27,900) | (133,200) | (163,200) |
| Other | (36,000) | (209,700) | 21,800 |
| Net cash provided by operating activities | 1,984,800 | 1,949,000 | 2,759,400 |
| Cash Flows from Investing Activities | |||
| Collections of receivables | 11,252,000 | 12,608,800 | 10,335,300 |
| Proceeds from sales of financing receivables | 12,200 | 45,200 | 141,400 |
| Proceeds from maturities and sales of marketable securities | 825,100 | 1,738,500 | 2,458,500 |
| Proceeds from sales of equipment on operating leases | 477,300 | 465,700 | 355,200 |
| Proceeds from sales of businesses, net of cash sold | 42,000 | 77,200 | |
| Cost of receivables acquired | (11,234,200) | (13,304,400) | (11,388,300) |
| Purchases of marketable securities | (29,500) | (1,141,400) | (2,251,600) |
| Purchases of property and equipment | (906,700) | (1,112,300) | (1,022,500) |
| Cost of equipment on operating leases acquired | (401,400) | (495,900) | (461,700) |
| Acquisitions of businesses, net of cash acquired | (49,800) | (252,300) | (189,300) |
| Other | (2,000) | (19,900) | 12,500 |
| Net cash used for investing activities | (57,000) | (1,426,000) | (1,933,300) |
| Cash Flows from Financing Activities | |||
| Increase (decrease) in short-term borrowings | (1,384,800) | (413,000) | 99,400 |
| Proceeds from long-term borrowings | 6,282,800 | 6,320,200 | 4,283,900 |
| Payments of long-term borrowings | (3,830,300) | (4,585,400) | (3,136,500) |
| Proceeds from issuance of common stock | 16,500 | 108,900 | 285,700 |
| Repurchases of common stock | (3,200) | (1,677,600) | (1,517,800) |
| Dividends paid | (473,400) | (448,100) | (386,700) |
| Excess tax benefits from share-based compensation | 4,600 | 72,500 | 102,200 |
| Other | (141,900) | (26,000) | (11,200) |
| Net cash provided by (used for) financing activities | 470,300 | (648,500) | (281,000) |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents | 42,200 | 58,300 | 46,000 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 2,440,300 | (67,200) | 591,100 |
| Cash and Cash Equivalents at Beginning of Year | 2,211,400 | 2,278,600 | |
| Cash and Cash Equivalents at End of Year | 4,651,700 | 2,211,400 | 2,278,600 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
DEERE & CO | ||
Ticker: DE Fiscal Year: 2009 | ||
CONSOLIDATED BALANCE SHEET | ||
Period Ending Oct 31, 2009 10-K (Filed: Dec 17, 2009) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Oct 31, 2009 | Oct 31, 2008 | |
| ASSETS | ||
| Cash and cash equivalents | $ 4,651,700 | 2,211,400 |
| Marketable securities | 192,000 | 977,400 |
| Receivables from unconsolidated affiliates | 38,400 | 44,700 |
| Trade accounts and notes receivable - net | 2,616,900 | 3,234,600 |
| Financing receivables - net | 15,254,700 | 16,017,000 |
| Restricted financing receivables - net | 3,108,400 | 1,644,800 |
| Other receivables | 864,500 | 664,900 |
| Equipment on operating leases - net | 1,733,300 | 1,638,600 |
| Inventories | 2,397,300 | 3,041,800 |
| Property and equipment - net | 4,532,200 | 4,127,700 |
| Investments in unconsolidated affiliates | 212,800 | 224,400 |
| Goodwill | 1,036,500 | 1,224,600 |
| Other intangible assets - net | 136,300 | 161,400 |
| Retirement benefits | 94,400 | 1,106,000 |
| Deferred income taxes | 2,804,800 | 1,440,600 |
| Other assets | 1,458,400 | 974,700 |
| Total Assets | 41,132,600 | 38,734,600 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| LIABILITIES | ||
| Short-term borrowings | 7,158,900 | 8,520,500 |
| Payables to unconsolidated affiliates | 55,000 | 169,200 |
| Accounts payable and accrued expenses | 5,371,400 | 6,393,600 |
| Deferred income taxes | 167,300 | 171,800 |
| Long-term borrowings | 17,391,700 | 13,898,500 |
| Retirement benefits and other liabilities | 6,169,600 | 3,048,300 |
| Total liabilities | 36,313,900 | 32,201,900 |
| Commitments and contingencies (Note 22) | ||
| STOCKHOLDERS' EQUITY | ||
| Common stock, $1 par value (authorized - 1,200,000,000 shares; issued - 536,431,204 shares in 2009 and 2008), at paid-in amount | 2,996,200 | 2,934,000 |
| Common stock in treasury, 113,188,823 shares in 2009 and 114,134,933 shares in 2008, at cost | (5,564,700) | (5,594,600) |
| Retained earnings | 10,980,500 | 10,580,600 |
| Accumulated other comprehensive income (loss): | ||
| Retirement benefits adjustment | (3,955,000) | (1,418,400) |
| Cumulative translation adjustment | 400,200 | 73,400 |
| Unrealized loss on derivatives | (44,100) | (40,100) |
| Unrealized gain (loss) on investments | 5,600 | (2,200) |
| Accumulated other comprehensive income (loss) | (3,593,300) | (1,387,300) |
| Total stockholders' equity | 4,818,700 | 6,532,700 |
| Total Liabilities and Stockholders' Equity | 41,132,600 | 38,734,600 |
| External Links | |
| DEERE & CO (DE) Fiscal Year 2009 | |
| 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 |