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: 2012 | |||
STATEMENT OF CONSOLIDATED INCOME | |||
Period Ending Oct 31, 2012 10-K (Filed: Dec 17, 2012) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 31, 2012 | Oct 31, 2011 | Oct 31, 2010 | |
| Net Sales and Revenues | |||
| Net sales | $ 33,500,900 | 29,466,100 | 23,573,200 |
| Finance and interest income | 1,981,300 | 1,922,600 | 1,825,300 |
| Other income | 674,900 | 623,800 | 606,100 |
| Total | 36,157,100 | 32,012,500 | 26,004,600 |
| Costs and Expenses | |||
| Cost of sales | 25,007,800 | 21,919,400 | 17,398,800 |
| Research and development expenses | 1,433,600 | 1,226,200 | 1,052,400 |
| Selling, administrative and general expenses | 3,417,000 | 3,168,700 | 2,968,700 |
| Interest expense | 782,800 | 759,400 | 811,400 |
| Other operating expenses | 781,500 | 716,000 | 748,100 |
| Total | 31,422,700 | 27,789,700 | 22,979,400 |
| Income of Consolidated Group before Income Taxes | 4,734,400 | 4,222,800 | 3,025,200 |
| Provision for income taxes | 1,659,400 | 1,423,600 | 1,161,600 |
| Income of Consolidated Group | 3,075,000 | 2,799,200 | 1,863,600 |
| Equity in income (loss) of unconsolidated affiliates | (3,400) | 8,600 | 10,700 |
| Net Income | 3,071,600 | 2,807,800 | 1,874,300 |
| Less: Net income attributable to noncontrolling interests | 6,900 | 7,900 | 9,300 |
| Net Income Attributable to Deere & Company | 3,064,700 | 2,799,900 | 1,865,000 |
| Per Share Data | |||
| Basic (in dollars per share) | 7.72 | 6.71 | 4.40 |
| Diluted (in dollars per share) | 7.63 | 6.63 | 4.35 |
| Dividends declared (in dollars per share) | 1.79 | 1.52 | 1.16 |
| Average Shares Outstanding | |||
| Basic (in shares) | 397,100 | 417,400 | 424,000 |
| Diluted (in shares) | 401,500 | 422,400 | 428,600 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
DEERE & CO | |||
Ticker: DE Fiscal Year: 2012 | |||
STATEMENT OF CONSOLIDATED CASH FLOWS | |||
Period Ending Oct 31, 2012 10-K (Filed: Dec 17, 2012) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 31, 2012 | Oct 31, 2011 | Oct 31, 2010 | |
| Cash Flows from Operating Activities | |||
| Net income | $ 3,071,600 | 2,807,800 | 1,874,300 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision for doubtful receivables | 5,100 | 13,500 | 106,400 |
| Provision for depreciation and amortization | 1,004,200 | 914,900 | 914,800 |
| Goodwill impairment charges | 33,400 | 27,200 | |
| Share-based compensation expense | 74,500 | 69,000 | 71,200 |
| Undistributed earnings of unconsolidated affiliates | 1,800 | 11,100 | (2,200) |
| Provision (credit) for deferred income taxes | (91,800) | (168,000) | 175,000 |
| Changes in assets and liabilities: | |||
| Trade, notes and financing receivables related to sales | (1,901,600) | (808,900) | (1,095,000) |
| Insurance receivables | (338,500) | (300,100) | |
| Inventories | (1,510,200) | (1,730,500) | (1,052,700) |
| Accounts payable and accrued expenses | 1,061,800 | 1,287,000 | 1,057,700 |
| Accrued income taxes payable/receivable | (72,300) | 1,200 | 22,100 |
| Retirement benefits | 63,300 | 495,300 | (154,100) |
| Other | (233,600) | (266,000) | 337,500 |
| Net cash provided by operating activities | 1,167,700 | 2,326,300 | 2,282,200 |
| Cash Flows from Investing Activities | |||
| Collections of receivables (excluding receivables related to sales) | 13,064,900 | 12,151,400 | 11,047,100 |
| Proceeds from maturities and sales of marketable securities | 240,300 | 32,400 | 38,400 |
| Proceeds from sales of equipment on operating leases | 799,500 | 683,400 | 621,900 |
| Government grants related to property and equipment | 92,300 | ||
| Proceeds from sales of businesses, net of cash sold | 30,200 | 911,100 | 34,900 |
| Cost of receivables acquired (excluding receivables related to sales) | (15,139,000) | (13,956,800) | (12,493,900) |
| Purchases of marketable securities | (922,200) | (586,900) | (63,400) |
| Purchases of property and equipment | (1,319,200) | (1,056,600) | (761,700) |
| Cost of equipment on operating leases acquired | (801,800) | (624,200) | (551,100) |
| Acquisitions of businesses, net of cash acquired | (60,800) | (45,500) | |
| Other | 43,200 | (113,700) | (28,100) |
| Net cash used for investing activities | (4,004,100) | (2,620,700) | (2,109,100) |
| Cash Flows from Financing Activities | |||
| Increase (decrease) in total short-term borrowings | 894,900 | (226,100) | 756,000 |
| Proceeds from long-term borrowings | 10,642,000 | 5,655,000 | 2,621,100 |
| Payments of long-term borrowings | (5,396,000) | (3,220,800) | (3,675,700) |
| Proceeds from issuance of common stock | 61,000 | 170,000 | 129,100 |
| Repurchases of common stock | (1,587,700) | (1,667,000) | (358,800) |
| Dividends paid | (697,900) | (593,100) | (483,500) |
| Excess tax benefits from share-based compensation | 30,100 | 70,100 | 43,500 |
| Other | (66,200) | (48,500) | (41,400) |
| Net cash provided by (used for) financing activities | 3,880,200 | 139,600 | (1,009,700) |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents | (38,800) | 11,400 | (24,500) |
| Net Increase (Decrease) in Cash and Cash Equivalents | 1,005,000 | (143,400) | (861,100) |
| Cash and Cash Equivalents at Beginning of Year | 3,647,200 | 3,790,600 | |
| Cash and Cash Equivalents at End of Year | 4,652,200 | 3,647,200 | 3,790,600 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
DEERE & CO | ||
Ticker: DE Fiscal Year: 2012 | ||
CONSOLIDATED BALANCE SHEET | ||
Period Ending Oct 31, 2012 10-K (Filed: Dec 17, 2012) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Oct 31, 2012 | Oct 31, 2011 | |
| ASSETS | ||
| Cash and cash equivalents | $ 4,652,200 | 3,647,200 |
| Marketable securities | 1,470,400 | 787,300 |
| Receivables from unconsolidated affiliates | 59,700 | 48,000 |
| Trade accounts and notes receivable - net | 3,799,100 | 3,294,500 |
| Financing receivables - net | 22,159,100 | 19,923,500 |
| Financing receivables securitized - net | 3,617,600 | 2,905,000 |
| Other receivables | 1,790,900 | 1,330,600 |
| Equipment on operating leases - net | 2,527,800 | 2,150,000 |
| Inventories | 5,170,000 | 4,370,600 |
| Property and equipment - net | 5,011,900 | 4,352,300 |
| Investments in unconsolidated affiliates | 215,000 | 201,700 |
| Goodwill | 921,200 | 999,800 |
| Other intangible assets - net | 105,000 | 127,400 |
| Retirement benefits | 20,200 | 30,400 |
| Deferred income taxes | 3,280,400 | 2,858,600 |
| Other assets | 1,465,300 | 1,180,500 |
| Total Assets | 56,265,800 | 48,207,400 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| LIABILITIES | ||
| Short-term borrowings | 6,392,500 | 6,852,300 |
| Short-term securitization borrowings | 3,574,800 | 2,777,400 |
| Payables to unconsolidated affiliates | 135,200 | 117,700 |
| Accounts payable and accrued expenses | 8,988,900 | 7,804,800 |
| Deferred income taxes | 164,400 | 168,300 |
| Long-term borrowings | 22,453,100 | 16,959,900 |
| Retirement benefits and other liabilities | 7,694,900 | 6,712,100 |
| Total liabilities | 49,403,800 | 41,392,500 |
| Commitments and contingencies (Note 22) | ||
| STOCKHOLDERS' EQUITY | ||
| Common stock, $1 par value (authorized - 1,200,000,000 shares; issued - 536,431,204 shares in 2012 and 2011), at paid-in amount | 3,352,200 | 3,251,700 |
| Common stock in treasury, 148,625,875 shares in 2012 and 130,361,345 shares in 2011, at cost | (8,813,800) | (7,292,800) |
| Retained earnings | 16,875,200 | 14,519,400 |
| Accumulated other comprehensive income (loss): | ||
| Retirement benefits adjustment | (4,759,000) | (4,135,400) |
| Cumulative translation adjustment | 184,100 | 453,800 |
| Unrealized loss on derivatives | (13,400) | (8,300) |
| Unrealized gain on investments | 16,800 | 11,900 |
| Accumulated other comprehensive income (loss) | (4,571,500) | (3,678,000) |
| Total Deere & Company stockholders' equity | 6,842,100 | 6,800,300 |
| Noncontrolling interests | 19,900 | 14,600 |
| Total stockholders' equity | 6,862,000 | 6,814,900 |
| Total Liabilities and Stockholders' Equity | 56,265,800 | 48,207,400 |
| External Links | |
| DEERE & CO (DE) Fiscal Year 2012 | |
| 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 |