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: 2010 | |||
STATEMENT OF CONSOLIDATED INCOME | |||
Period Ending Oct 31, 2010 10-K (Filed: Dec 17, 2010) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 31, 2010 | Oct 31, 2009 | Oct 31, 2008 | |
| Net Sales and Revenues | |||
| Net sales | $ 23,573,200 | 20,756,100 | 25,803,500 |
| Finance and interest income | 1,825,300 | 1,842,100 | 2,068,400 |
| Other income | 606,100 | 514,200 | 565,700 |
| Total | 26,004,600 | 23,112,400 | 28,437,600 |
| Costs and Expenses | |||
| Cost of sales | 17,398,800 | 16,255,200 | 19,574,800 |
| Research and development expenses | 1,052,400 | 977,000 | 943,100 |
| Selling, administrative and general expenses | 2,968,700 | 2,780,600 | 2,960,200 |
| Interest expense | 811,400 | 1,042,400 | 1,137,000 |
| Other operating expenses | 748,100 | 718,000 | 697,800 |
| Total | 22,979,400 | 21,773,200 | 25,312,900 |
| Income of Consolidated Group before Income Taxes | 3,025,200 | 1,339,200 | 3,124,700 |
| Provision for income taxes | 1,161,600 | 460,000 | 1,111,200 |
| Income of Consolidated Group | 1,863,600 | 879,200 | 2,013,500 |
| Equity in income (loss) of unconsolidated affiliates | 10,700 | (6,300) | 40,200 |
| Net Income | 1,874,300 | 872,900 | 2,053,700 |
| Less: Net income (loss) attributable to noncontrolling interests | 9,300 | (600) | 900 |
| Net Income Attributable to Deere & Company | 1,865,000 | 873,500 | 2,052,800 |
| Per Share Data | |||
| Basic (in dollars per share) | 4.40 | 2.07 | 4.76 |
| Diluted (in dollars per share) | 4.35 | 2.06 | 4.70 |
| Dividends declared (in dollars per share) | 1.16 | 1.12 | 1.06 |
| Average Shares Outstanding | |||
| Basic (in shares) | 424,000 | 422,800 | 431,100 |
| Diluted (in shares) | 428,600 | 424,400 | 436,300 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
DEERE & CO | |||
Ticker: DE Fiscal Year: 2010 | |||
STATEMENT OF CONSOLIDATED CASH FLOWS | |||
Period Ending Oct 31, 2010 10-K (Filed: Dec 17, 2010) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 31, 2010 | Oct 31, 2009 | Oct 31, 2008 | |
| Cash Flows from Operating Activities | |||
| Net income | $ 1,874,300 | 872,900 | 2,053,700 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision for doubtful receivables | 106,400 | 231,800 | 95,400 |
| Provision for depreciation and amortization | 914,800 | 873,300 | 831,000 |
| Goodwill impairment charges | 27,200 | 289,200 | |
| Share-based compensation expense | 71,200 | 70,500 | 70,600 |
| Undistributed earnings of unconsolidated affiliates | (2,200) | 7,000 | (18,700) |
| Provision for deferred income taxes | 175,000 | 171,600 | 89,700 |
| Changes in assets and liabilities: | |||
| Trade, notes and financing receivables related to sales | (1,100,600) | 481,800 | (428,400) |
| Inventories | (1,052,700) | 452,500 | (1,195,400) |
| Accounts payable and accrued expenses | 1,057,700 | (1,168,300) | 702,100 |
| Accrued income taxes payable/receivable | 22,100 | (234,200) | 92,800 |
| Retirement benefits | (154,100) | (27,900) | (133,200) |
| Other | 343,100 | (35,400) | (210,600) |
| Net cash provided by operating activities | 2,282,200 | 1,984,800 | 1,949,000 |
| Cash Flows from Investing Activities | |||
| Collections of receivables | 11,047,100 | 11,252,000 | 12,608,800 |
| Proceeds from sales of financing receivables | 6,300 | 12,200 | 45,200 |
| Proceeds from maturities and sales of marketable securities | 38,400 | 825,100 | 1,738,500 |
| Proceeds from sales of equipment on operating leases | 621,900 | 477,300 | 465,700 |
| Government grants related to property and equipment | 92,300 | ||
| Proceeds from sales of businesses, net of cash sold | 34,900 | 42,000 | |
| Cost of receivables acquired | (12,493,900) | (11,234,200) | (13,304,400) |
| Purchases of marketable securities | (63,400) | (29,500) | (1,141,400) |
| Purchases of property and equipment | (761,700) | (906,700) | (1,112,300) |
| Cost of equipment on operating leases acquired | (551,100) | (401,400) | (495,900) |
| Acquisitions of businesses, net of cash acquired | (45,500) | (49,800) | (252,300) |
| Other | (34,400) | (2,000) | (19,900) |
| Net cash used for investing activities | (2,109,100) | (57,000) | (1,426,000) |
| Cash Flows from Financing Activities | |||
| Increase (decrease) in short-term borrowings | 756,000 | (1,384,800) | (413,000) |
| Proceeds from long-term borrowings | 2,621,100 | 6,282,800 | 6,320,200 |
| Payments of long-term borrowings | (3,675,700) | (3,830,300) | (4,585,400) |
| Proceeds from issuance of common stock | 129,100 | 16,500 | 108,900 |
| Repurchases of common stock | (358,800) | (3,200) | (1,677,600) |
| Dividends paid | (483,500) | (473,400) | (448,100) |
| Excess tax benefits from share-based compensation | 43,500 | 4,600 | 72,500 |
| Other | (41,400) | (141,900) | (26,000) |
| Net cash provided by (used for) financing activities | (1,009,700) | 470,300 | (648,500) |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents | (24,500) | 42,200 | 58,300 |
| Net Increase (Decrease) in Cash and Cash Equivalents | (861,100) | 2,440,300 | (67,200) |
| Cash and Cash Equivalents at Beginning of Year | 4,651,700 | 2,211,400 | |
| Cash and Cash Equivalents at End of Year | 3,790,600 | 4,651,700 | 2,211,400 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
DEERE & CO | ||
Ticker: DE Fiscal Year: 2010 | ||
CONSOLIDATED BALANCE SHEET | ||
Period Ending Oct 31, 2010 10-K (Filed: Dec 17, 2010) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Oct 31, 2010 | Oct 31, 2009 | |
| ASSETS | ||
| Cash and cash equivalents | $ 3,790,600 | 4,651,700 |
| Marketable securities | 227,900 | 192,000 |
| Receivables from unconsolidated affiliates | 38,800 | 38,400 |
| Trade accounts and notes receivable - net | 3,464,200 | 2,616,900 |
| Financing receivables - net | 17,682,200 | 15,254,700 |
| Restricted financing receivables - net | 2,238,300 | 3,108,400 |
| Other receivables | 925,600 | 864,500 |
| Equipment on operating leases - net | 1,936,200 | 1,733,300 |
| Inventories | 3,063,000 | 2,397,300 |
| Property and equipment - net | 3,790,700 | 4,532,200 |
| Investments in unconsolidated affiliates | 244,500 | 212,800 |
| Goodwill | 998,600 | 1,036,500 |
| Other intangible assets - net | 117,000 | 136,300 |
| Retirement benefits | 146,700 | 94,400 |
| Deferred income taxes | 2,477,100 | 2,804,800 |
| Other assets | 1,194,000 | 1,458,400 |
| Assets held for sale | 931,400 | |
| Total Assets | 43,266,800 | 41,132,600 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| LIABILITIES | ||
| Short-term borrowings | 7,534,500 | 7,158,900 |
| Payables to unconsolidated affiliates | 203,500 | 55,000 |
| Accounts payable and accrued expenses | 6,481,700 | 5,371,400 |
| Deferred income taxes | 144,300 | 167,300 |
| Long-term borrowings | 16,814,500 | 17,391,700 |
| Retirement benefits and other liabilities | 5,784,900 | 6,165,500 |
| Total liabilities | 36,963,400 | 36,309,800 |
| Commitments and contingencies (Note 22) | ||
| STOCKHOLDERS' EQUITY | ||
| Common stock, $1 par value (authorized - 1,200,000,000 shares; issued - 536,431,204 shares in 2010 and 2009), at paid-in amount | 3,106,300 | 2,996,200 |
| Common stock in treasury, 114,250,815 shares in 2010 and 113,188,823 shares in 2009, at cost | (5,789,500) | (5,564,700) |
| Retained earnings | 12,353,100 | 10,980,500 |
| Accumulated other comprehensive income (loss): | ||
| Retirement benefits adjustment | (3,797,000) | (3,955,000) |
| Cumulative translation adjustment | 436,000 | 400,200 |
| Unrealized loss on derivatives | (29,200) | (44,100) |
| Unrealized gain on investments | 10,600 | 5,600 |
| Accumulated other comprehensive income (loss) | (3,379,600) | (3,593,300) |
| Total Deere & Company stockholders' equity | 6,290,300 | 4,818,700 |
| Noncontrolling interests | 13,100 | 4,100 |
| Total stockholders' equity | 6,303,400 | 4,822,800 |
| Total Liabilities and Stockholders' Equity | 43,266,800 | 41,132,600 |
| External Links | |
| DEERE & CO (DE) Fiscal Year 2010 | |
| 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 |