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: 2011 | |||
STATEMENT OF CONSOLIDATED INCOME | |||
Period Ending Oct 31, 2011 10-K (Filed: Dec 19, 2011) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 31, 2011 | Oct 31, 2010 | Oct 31, 2009 | |
| Net Sales and Revenues | |||
| Net sales | $ 29,466,100 | 23,573,200 | 20,756,100 |
| Finance and interest income | 1,922,600 | 1,825,300 | 1,842,100 |
| Other income | 623,800 | 606,100 | 514,200 |
| Total | 32,012,500 | 26,004,600 | 23,112,400 |
| Costs and Expenses | |||
| Cost of sales | 21,919,400 | 17,398,800 | 16,255,200 |
| Research and development expenses | 1,226,200 | 1,052,400 | 977,000 |
| Selling, administrative and general expenses | 3,168,700 | 2,968,700 | 2,780,600 |
| Interest expense | 759,400 | 811,400 | 1,042,400 |
| Other operating expenses | 716,000 | 748,100 | 718,000 |
| Total | 27,789,700 | 22,979,400 | 21,773,200 |
| Income of Consolidated Group before Income Taxes | 4,222,800 | 3,025,200 | 1,339,200 |
| Provision for income taxes | 1,423,600 | 1,161,600 | 460,000 |
| Income of Consolidated Group | 2,799,200 | 1,863,600 | 879,200 |
| Equity in income (loss) of unconsolidated affiliates | 8,600 | 10,700 | (6,300) |
| Net Income | 2,807,800 | 1,874,300 | 872,900 |
| Less: Net income (loss) attributable to noncontrolling interests | 7,900 | 9,300 | (600) |
| Net Income Attributable to Deere & Company | 2,799,900 | 1,865,000 | 873,500 |
| Per Share Data | |||
| Basic (in dollars per share) | 6.71 | 4.40 | 2.07 |
| Diluted (in dollars per share) | 6.63 | 4.35 | 2.06 |
| Dividends declared (in dollars per share) | 1.52 | 1.16 | 1.12 |
| Average Shares Outstanding | |||
| Basic (in shares) | 417,400 | 424,000 | 422,800 |
| Diluted (in shares) | 422,400 | 428,600 | 424,400 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
DEERE & CO | |||
Ticker: DE Fiscal Year: 2011 | |||
STATEMENT OF CONSOLIDATED CASH FLOWS | |||
Period Ending Oct 31, 2011 10-K (Filed: Dec 19, 2011) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 31, 2011 | Oct 31, 2010 | Oct 31, 2009 | |
| Cash Flows from Operating Activities | |||
| Net income | $ 2,807,800 | 1,874,300 | 872,900 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision for doubtful receivables | 13,500 | 106,400 | 231,800 |
| Provision for depreciation and amortization | 914,900 | 914,800 | 873,300 |
| Goodwill impairment charges | 27,200 | 289,200 | |
| Share-based compensation expense | 69,000 | 71,200 | 70,500 |
| Undistributed earnings of unconsolidated affiliates | 11,100 | (2,200) | 7,000 |
| Provision (credit) for deferred income taxes | (168,000) | 175,000 | 171,600 |
| Changes in assets and liabilities: | |||
| Trade, notes and financing receivables related to sales | (808,900) | (1,100,600) | 481,800 |
| Inventories | (1,730,500) | (1,052,700) | 452,500 |
| Accounts payable and accrued expenses | 1,287,000 | 1,057,700 | (1,168,300) |
| Accrued income taxes payable/receivable | 1,200 | 22,100 | (234,200) |
| Retirement benefits | 495,300 | (154,100) | (27,900) |
| Other | (566,100) | 343,100 | (35,400) |
| Net cash provided by operating activities | 2,326,300 | 2,282,200 | 1,984,800 |
| Cash Flows from Investing Activities | |||
| Collections of receivables (excluding receivables related to sales) | 12,151,400 | 11,047,100 | 11,252,000 |
| Proceeds from maturities and sales of marketable securities | 32,400 | 38,400 | 825,100 |
| Proceeds from sales of equipment on operating leases | 683,400 | 621,900 | 477,300 |
| Government grants related to property and equipment | 92,300 | ||
| Proceeds from sales of businesses, net of cash sold | 911,100 | 34,900 | |
| Cost of receivables acquired (excluding receivables related to sales) | (13,956,800) | (12,493,900) | (11,234,200) |
| Purchases of marketable securities | (586,900) | (63,400) | (29,500) |
| Purchases of property and equipment | (1,056,600) | (761,700) | (906,700) |
| Cost of equipment on operating leases acquired | (624,200) | (551,100) | (401,400) |
| Acquisitions of businesses, net of cash acquired | (60,800) | (45,500) | (49,800) |
| Other | (113,700) | (28,100) | 10,200 |
| Net cash used for investing activities | (2,620,700) | (2,109,100) | (57,000) |
| Cash Flows from Financing Activities | |||
| Increase (decrease) in total short-term borrowings | (226,100) | 756,000 | (1,384,800) |
| Proceeds from long-term borrowings | 5,655,000 | 2,621,100 | 6,282,800 |
| Payments of long-term borrowings | (3,220,800) | (3,675,700) | (3,830,300) |
| Proceeds from issuance of common stock | 170,000 | 129,100 | 16,500 |
| Repurchases of common stock | (1,667,000) | (358,800) | (3,200) |
| Dividends paid | (593,100) | (483,500) | (473,400) |
| Excess tax benefits from share-based compensation | 70,100 | 43,500 | 4,600 |
| Other | (48,500) | (41,400) | (141,900) |
| Net cash provided by (used for) financing activities | 139,600 | (1,009,700) | 470,300 |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents | 11,400 | (24,500) | 42,200 |
| Net Increase (Decrease) in Cash and Cash Equivalents | (143,400) | (861,100) | 2,440,300 |
| Cash and Cash Equivalents at Beginning of Year | 3,790,600 | 4,651,700 | |
| Cash and Cash Equivalents at End of Year | 3,647,200 | 3,790,600 | 4,651,700 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
DEERE & CO | ||
Ticker: DE Fiscal Year: 2011 | ||
CONSOLIDATED BALANCE SHEET | ||
Period Ending Oct 31, 2011 10-K (Filed: Dec 19, 2011) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Oct 31, 2011 | Oct 31, 2010 | |
| ASSETS | ||
| Cash and cash equivalents | $ 3,647,200 | 3,790,600 |
| Marketable securities | 787,300 | 227,900 |
| Receivables from unconsolidated affiliates | 48,000 | 38,800 |
| Trade accounts and notes receivable - net | 3,294,500 | 3,464,200 |
| Financing receivables - net | 19,923,500 | 17,682,200 |
| Financing receivables securitized - net | 2,905,000 | 2,238,300 |
| Other receivables | 1,330,600 | 925,600 |
| Equipment on operating leases - net | 2,150,000 | 1,936,200 |
| Inventories | 4,370,600 | 3,063,000 |
| Property and equipment - net | 4,352,300 | 3,790,700 |
| Investments in unconsolidated affiliates | 201,700 | 244,500 |
| Goodwill | 999,800 | 998,600 |
| Other intangible assets - net | 127,400 | 117,000 |
| Retirement benefits | 30,400 | 146,700 |
| Deferred income taxes | 2,858,600 | 2,477,100 |
| Other assets | 1,180,500 | 1,194,000 |
| Assets held for sale | 931,400 | |
| Total Assets | 48,207,400 | 43,266,800 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| LIABILITIES | ||
| Short-term borrowings | 6,852,300 | 5,325,700 |
| Short-term securitization borrowings | 2,777,400 | 2,208,800 |
| Payables to unconsolidated affiliates | 117,700 | 203,500 |
| Accounts payable and accrued expenses | 7,804,800 | 6,481,700 |
| Deferred income taxes | 168,300 | 144,300 |
| Long-term borrowings | 16,959,900 | 16,814,500 |
| Retirement benefits and other liabilities | 6,712,100 | 5,784,900 |
| Total liabilities | 41,392,500 | 36,963,400 |
| Commitments and contingencies (Note 22) | ||
| STOCKHOLDERS' EQUITY | ||
| Common stock, $1 par value (authorized - 1,200,000,000 shares; issued - 536,431,204 shares in 2011 and 2010), at paid-in amount | 3,251,700 | 3,106,300 |
| Common stock in treasury, 130,361,345 shares in 2011 and 114,250,815 shares in 2010, at cost | (7,292,800) | (5,789,500) |
| Retained earnings | 14,519,400 | 12,353,100 |
| Accumulated other comprehensive income (loss): | ||
| Retirement benefits adjustment | (4,135,400) | (3,797,000) |
| Cumulative translation adjustment | 453,800 | 436,000 |
| Unrealized loss on derivatives | (8,300) | (29,200) |
| Unrealized gain on investments | 11,900 | 10,600 |
| Accumulated other comprehensive income (loss) | (3,678,000) | (3,379,600) |
| Total Deere & Company stockholders' equity | 6,800,300 | 6,290,300 |
| Noncontrolling interests | 14,600 | 13,100 |
| Total stockholders' equity | 6,814,900 | 6,303,400 |
| Total Liabilities and Stockholders' Equity | 48,207,400 | 43,266,800 |
| External Links | |
| DEERE & CO (DE) Fiscal Year 2011 | |
| 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 |