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: 2015 | |||
STATEMENT OF CONSOLIDATED INCOME | |||
Period Ending Oct 31, 2015 10-K/A (Amendment Filed: Feb 1, 2016) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 31, 2015 | Oct 31, 2014 | Oct 31, 2013 | |
| Net Sales and Revenues | |||
| Net sales | $ 25,775,200 | 32,960,600 | 34,997,900 |
| Finance and interest income | 2,381,100 | 2,282,100 | 2,115,100 |
| Other income | 706,500 | 824,200 | 682,400 |
| Total | 28,862,800 | 36,066,900 | 37,795,400 |
| Costs and Expenses | |||
| Cost of sales | 20,143,200 | 24,775,800 | 25,667,300 |
| Research and development expenses | 1,425,100 | 1,452,000 | 1,477,300 |
| Selling, administrative and general expenses | 2,873,300 | 3,284,400 | 3,605,500 |
| Interest expense | 680,000 | 664,000 | 741,300 |
| Other operating expenses | 961,100 | 1,093,300 | 820,600 |
| Total | 26,082,700 | 31,269,500 | 32,312,000 |
| Income of Consolidated Group before Income Taxes | 2,780,100 | 4,797,400 | 5,483,400 |
| Provision for income taxes | 840,100 | 1,626,500 | 1,945,900 |
| Income of Consolidated Group | 1,940,000 | 3,170,900 | 3,537,500 |
| Equity in income (loss) of unconsolidated affiliates | 900 | (7,600) | 100 |
| Net Income | 1,940,900 | 3,163,300 | 3,537,600 |
| Less: Net income attributable to noncontrolling interests | 900 | 1,600 | 300 |
| Net Income Attributable to Deere & Company | 1,940,000 | 3,161,700 | 3,537,300 |
| Per Share Data | |||
| Basic (in dollars per share) | 5.81 | 8.71 | 9.18 |
| Diluted (in dollars per share) | 5.77 | 8.63 | 9.09 |
| Dividends declared (in dollars per share) | 2.40 | 2.22 | 1.99 |
| Average Shares Outstanding | |||
| Basic (in shares) | 333,600 | 363,000 | 385,300 |
| Diluted (in shares) | 336,000 | 366,100 | 389,200 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
DEERE & CO | |||
Ticker: DE Fiscal Year: 2015 | |||
STATEMENT OF CONSOLIDATED COMPREHENSIVE INCOME | |||
Period Ending Oct 31, 2015 10-K/A (Amendment Filed: Feb 1, 2016) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 31, 2015 | Oct 31, 2014 | Oct 31, 2013 | |
| Net Income | $ 1,940,900 | 3,163,300 | 3,537,600 |
| Other Comprehensive Income (Loss), Net of Income Taxes | |||
| Retirement benefits adjustment | (7,700) | (684,400) | 1,950,000 |
| Cumulative translation adjustment | (935,100) | (415,500) | (70,900) |
| Unrealized gain (loss) on derivatives | (2,500) | 2,800 | 10,700 |
| Unrealized gain (loss) on investments | (1,500) | 6,900 | (11,300) |
| Other Comprehensive Income (Loss), Net of Income Taxes | (946,800) | (1,090,200) | 1,878,500 |
| Comprehensive Income of Consolidated Group | 994,100 | 2,073,100 | 5,416,100 |
| Less: Comprehensive income attributable to noncontrolling interests | 500 | 1,300 | 400 |
| Comprehensive Income Attributable to Deere & Company | 993,600 | 2,071,800 | 5,415,700 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
DEERE & CO | |||
Ticker: DE Fiscal Year: 2015 | |||
STATEMENT OF CONSOLIDATED CASH FLOWS | |||
Period Ending Oct 31, 2015 10-K/A (Amendment Filed: Feb 1, 2016) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 31, 2015 | Oct 31, 2014 | Oct 31, 2013 | |
| Cash Flows from Operating Activities | |||
| Net income | $ 1,940,900 | 3,163,300 | 3,537,600 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision for credit losses | 55,400 | 38,100 | 20,500 |
| Provision for depreciation and amortization | 1,382,400 | 1,306,500 | 1,140,300 |
| Impairment charges | 34,800 | 95,900 | 102,000 |
| Share-based compensation expense | 66,100 | 78,500 | 80,700 |
| Undistributed earnings of unconsolidated affiliates | (1,000) | 9,300 | 9,100 |
| Credit for deferred income taxes | (18,400) | (280,100) | (172,600) |
| Changes in assets and liabilities: | |||
| Trade, notes and financing receivables related to sales | 811,600 | (749,000) | (1,510,200) |
| Insurance receivables | 333,400 | (149,900) | 263,400 |
| Inventories | (691,400) | (297,900) | (728,400) |
| Accounts payable and accrued expenses | (503,600) | (137,100) | 217,100 |
| Accrued income taxes payable/receivable | (137,600) | 342,600 | 80,400 |
| Retirement benefits | 427,500 | 336,900 | 262,000 |
| Other | 40,200 | (231,200) | (47,600) |
| Net cash provided by operating activities | 3,740,300 | 3,525,900 | 3,254,300 |
| Cash Flows from Investing Activities | |||
| Collections of receivables (excluding receivables related to sales) | 14,919,700 | 15,319,100 | 14,088,000 |
| Proceeds from maturities and sales of marketable securities | 860,700 | 1,022,500 | 843,900 |
| Proceeds from sales of equipment on operating leases | 1,049,400 | 1,091,500 | 936,700 |
| Proceeds from sales of businesses, net of cash sold | 149,200 | 345,800 | 22,000 |
| Cost of receivables acquired (excluding receivables related to sales) | (14,996,500) | (17,240,400) | (17,011,700) |
| Purchases of marketable securities | (154,900) | (614,600) | (1,026,300) |
| Purchases of property and equipment | (694,000) | (1,048,300) | (1,158,400) |
| Cost of equipment on operating leases acquired | (2,132,100) | (1,611,000) | (1,216,900) |
| Acquisitions of businesses, net of cash acquired | (83,500) | ||
| Other | (60,200) | (145,600) | (214,500) |
| Net cash used for investing activities | (1,058,700) | (2,881,000) | (4,820,700) |
| Cash Flows from Financing Activities | |||
| Increase in total short-term borrowings | 501,600 | 89,200 | 2,749,400 |
| Proceeds from long-term borrowings | 5,711,000 | 8,232,000 | 4,734,000 |
| Payments of long-term borrowings | (4,863,200) | (5,209,100) | (4,958,500) |
| Proceeds from issuance of common stock | 172,100 | 149,500 | 174,500 |
| Repurchases of common stock | (2,770,700) | (2,731,100) | (1,531,400) |
| Dividends paid | (816,300) | (786,000) | (752,900) |
| Excess tax benefits from share-based compensation | 18,500 | 30,800 | 50,700 |
| Other | (72,100) | (63,600) | (59,300) |
| Net cash (used for) provided by financing activities | (2,119,100) | (288,300) | 406,500 |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents | (187,300) | (73,600) | 11,700 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 375,200 | 283,000 | (1,148,200) |
| Cash and Cash Equivalents at Beginning of Year | 3,787,000 | 3,504,000 | |
| Cash and Cash Equivalents at End of Year | 4,162,200 | 3,787,000 | 3,504,000 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
DEERE & CO | ||
Ticker: DE Fiscal Year: 2015 | ||
CONSOLIDATED BALANCE SHEET | ||
Period Ending Oct 31, 2015 10-K/A (Amendment Filed: Feb 1, 2016) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Oct 31, 2015 | Oct 31, 2014 | |
| ASSETS | ||
| Cash and cash equivalents | $ 4,162,200 | 3,787,000 |
| Marketable securities | 437,400 | 1,215,100 |
| Receivables from unconsolidated affiliates | 33,300 | 30,200 |
| Trade accounts and notes receivable - net | 3,051,100 | 3,277,600 |
| Financing receivables - net | 24,809,000 | 27,422,200 |
| Financing receivables securitized - net | 4,834,600 | 4,602,300 |
| Other receivables | 991,200 | 1,500,300 |
| Equipment on operating leases - net | 4,970,400 | 4,015,500 |
| Inventories | 3,817,000 | 4,209,700 |
| Property and equipment - net | 5,181,500 | 5,577,800 |
| Investments in unconsolidated affiliates | 303,500 | 303,200 |
| Goodwill | 726,000 | 791,200 |
| Other intangible assets - net | 63,600 | 68,800 |
| Retirement benefits | 215,600 | 262,000 |
| Deferred income taxes | 2,767,300 | 2,776,600 |
| Other assets | 1,583,900 | 1,496,900 |
| Total Assets | 57,947,600 | 61,336,400 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| LIABILITIES | ||
| Short-term borrowings | 8,426,600 | 8,019,200 |
| Short-term securitization borrowings | 4,590,000 | 4,558,500 |
| Payables to unconsolidated affiliates | 80,600 | 101,000 |
| Accounts payable and accrued expenses | 7,311,500 | 8,554,100 |
| Deferred income taxes | 160,800 | 160,900 |
| Long-term borrowings | 23,832,800 | 24,380,700 |
| Retirement benefits and other liabilities | 6,787,700 | 6,496,500 |
| Total liabilities | 51,190,000 | 52,270,900 |
| Commitments and contingencies (Note 22) | ||
| STOCKHOLDERS' EQUITY | ||
| Common stock, $1 par value (authorized - 1,200,000,000 shares; issued - 536,431,204 shares in 2015 and 2014), at paid-in amount | 3,825,600 | 3,675,400 |
| Common stock in treasury, 219,743,893 shares in 2015 and 190,926,805 shares in 2014, at cost | (15,497,600) | (12,834,200) |
| Retained earnings | 23,144,800 | 22,004,400 |
| Accumulated other comprehensive income (loss) | (4,729,400) | (3,783,000) |
| Total Deere & Company stockholders' equity | 6,743,400 | 9,062,600 |
| Noncontrolling interests | 14,200 | 2,900 |
| Total stockholders' equity | 6,757,600 | 9,065,500 |
| Total Liabilities and Stockholders' Equity | 57,947,600 | 61,336,400 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
DEERE & CO | |||
Ticker: DE Fiscal Year: 2015 | |||
STATEMENT OF CONSOLIDATED INCOME | |||
Period Ending Oct 31, 2015 10-K (Superseded Filed: Dec 18, 2015) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 31, 2015 | Oct 31, 2014 | Oct 31, 2013 | |
| Net Sales and Revenues | |||
| Net sales | $ 25,775,200 | 32,960,600 | 34,997,900 |
| Finance and interest income | 2,381,100 | 2,282,100 | 2,115,100 |
| Other income | 706,500 | 824,200 | 682,400 |
| Total | 28,862,800 | 36,066,900 | 37,795,400 |
| Costs and Expenses | |||
| Cost of sales | 20,143,200 | 24,775,800 | 25,667,300 |
| Research and development expenses | 1,425,100 | 1,452,000 | 1,477,300 |
| Selling, administrative and general expenses | 2,873,300 | 3,284,400 | 3,605,500 |
| Interest expense | 680,000 | 664,000 | 741,300 |
| Other operating expenses | 961,100 | 1,093,300 | 820,600 |
| Total | 26,082,700 | 31,269,500 | 32,312,000 |
| Income of Consolidated Group before Income Taxes | 2,780,100 | 4,797,400 | 5,483,400 |
| Provision for income taxes | 840,100 | 1,626,500 | 1,945,900 |
| Income of Consolidated Group | 1,940,000 | 3,170,900 | 3,537,500 |
| Equity in income (loss) of unconsolidated affiliates | 900 | (7,600) | 100 |
| Net Income | 1,940,900 | 3,163,300 | 3,537,600 |
| Less: Net income attributable to noncontrolling interests | 900 | 1,600 | 300 |
| Net Income Attributable to Deere & Company | 1,940,000 | 3,161,700 | 3,537,300 |
| Per Share Data | |||
| Basic (in dollars per share) | 5.81 | 8.71 | 9.18 |
| Diluted (in dollars per share) | 5.77 | 8.63 | 9.09 |
| Dividends declared (in dollars per share) | 2.40 | 2.22 | 1.99 |
| Average Shares Outstanding | |||
| Basic (in shares) | 333,600 | 363,000 | 385,300 |
| Diluted (in shares) | 336,000 | 366,100 | 389,200 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
DEERE & CO | |||
Ticker: DE Fiscal Year: 2015 | |||
STATEMENT OF CONSOLIDATED COMPREHENSIVE INCOME | |||
Period Ending Oct 31, 2015 10-K (Superseded Filed: Dec 18, 2015) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 31, 2015 | Oct 31, 2014 | Oct 31, 2013 | |
| Net Income | $ 1,940,900 | 3,163,300 | 3,537,600 |
| Other Comprehensive Income (Loss), Net of Income Taxes | |||
| Retirement benefits adjustment | (7,700) | (684,400) | 1,950,000 |
| Cumulative translation adjustment | (935,100) | (415,500) | (70,900) |
| Unrealized gain (loss) on derivatives | (2,500) | 2,800 | 10,700 |
| Unrealized gain (loss) on investments | (1,500) | 6,900 | (11,300) |
| Other Comprehensive Income (Loss), Net of Income Taxes | (946,800) | (1,090,200) | 1,878,500 |
| Comprehensive Income of Consolidated Group | 994,100 | 2,073,100 | 5,416,100 |
| Less: Comprehensive income attributable to noncontrolling interests | 500 | 1,300 | 400 |
| Comprehensive Income Attributable to Deere & Company | 993,600 | 2,071,800 | 5,415,700 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
DEERE & CO | |||
Ticker: DE Fiscal Year: 2015 | |||
STATEMENT OF CONSOLIDATED CASH FLOWS | |||
Period Ending Oct 31, 2015 10-K (Superseded Filed: Dec 18, 2015) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 31, 2015 | Oct 31, 2014 | Oct 31, 2013 | |
| Cash Flows from Operating Activities | |||
| Net income | $ 1,940,900 | 3,163,300 | 3,537,600 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision for credit losses | 55,400 | 38,100 | 20,500 |
| Provision for depreciation and amortization | 1,382,400 | 1,306,500 | 1,140,300 |
| Impairment charges | 34,800 | 95,900 | 102,000 |
| Share-based compensation expense | 66,100 | 78,500 | 80,700 |
| Undistributed earnings of unconsolidated affiliates | (1,000) | 9,300 | 9,100 |
| Credit for deferred income taxes | (18,400) | (280,100) | (172,600) |
| Changes in assets and liabilities: | |||
| Trade, notes and financing receivables related to sales | 811,600 | (749,000) | (1,510,200) |
| Insurance receivables | 333,400 | (149,900) | 263,400 |
| Inventories | (691,400) | (297,900) | (728,400) |
| Accounts payable and accrued expenses | (503,600) | (137,100) | 217,100 |
| Accrued income taxes payable/receivable | (137,600) | 342,600 | 80,400 |
| Retirement benefits | 427,500 | 336,900 | 262,000 |
| Other | 40,200 | (231,200) | (47,600) |
| Net cash provided by operating activities | 3,740,300 | 3,525,900 | 3,254,300 |
| Cash Flows from Investing Activities | |||
| Collections of receivables (excluding receivables related to sales) | 14,919,700 | 15,319,100 | 14,088,000 |
| Proceeds from maturities and sales of marketable securities | 860,700 | 1,022,500 | 843,900 |
| Proceeds from sales of equipment on operating leases | 1,049,400 | 1,091,500 | 936,700 |
| Proceeds from sales of businesses, net of cash sold | 149,200 | 345,800 | 22,000 |
| Cost of receivables acquired (excluding receivables related to sales) | (14,996,500) | (17,240,400) | (17,011,700) |
| Purchases of marketable securities | (154,900) | (614,600) | (1,026,300) |
| Purchases of property and equipment | (694,000) | (1,048,300) | (1,158,400) |
| Cost of equipment on operating leases acquired | (2,132,100) | (1,611,000) | (1,216,900) |
| Acquisitions of businesses, net of cash acquired | (83,500) | ||
| Other | (60,200) | (145,600) | (214,500) |
| Net cash used for investing activities | (1,058,700) | (2,881,000) | (4,820,700) |
| Cash Flows from Financing Activities | |||
| Increase in total short-term borrowings | 501,600 | 89,200 | 2,749,400 |
| Proceeds from long-term borrowings | 5,711,000 | 8,232,000 | 4,734,000 |
| Payments of long-term borrowings | (4,863,200) | (5,209,100) | (4,958,500) |
| Proceeds from issuance of common stock | 172,100 | 149,500 | 174,500 |
| Repurchases of common stock | (2,770,700) | (2,731,100) | (1,531,400) |
| Dividends paid | (816,300) | (786,000) | (752,900) |
| Excess tax benefits from share-based compensation | 18,500 | 30,800 | 50,700 |
| Other | (72,100) | (63,600) | (59,300) |
| Net cash (used for) provided by financing activities | (2,119,100) | (288,300) | 406,500 |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents | (187,300) | (73,600) | 11,700 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 375,200 | 283,000 | (1,148,200) |
| Cash and Cash Equivalents at Beginning of Year | 3,787,000 | 3,504,000 | |
| Cash and Cash Equivalents at End of Year | 4,162,200 | 3,787,000 | 3,504,000 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
DEERE & CO | ||
Ticker: DE Fiscal Year: 2015 | ||
CONSOLIDATED BALANCE SHEET | ||
Period Ending Oct 31, 2015 10-K (Superseded Filed: Dec 18, 2015) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Oct 31, 2015 | Oct 31, 2014 | |
| ASSETS | ||
| Cash and cash equivalents | $ 4,162,200 | 3,787,000 |
| Marketable securities | 437,400 | 1,215,100 |
| Receivables from unconsolidated affiliates | 33,300 | 30,200 |
| Trade accounts and notes receivable - net | 3,051,100 | 3,277,600 |
| Financing receivables - net | 24,809,000 | 27,422,200 |
| Financing receivables securitized - net | 4,834,600 | 4,602,300 |
| Other receivables | 991,200 | 1,500,300 |
| Equipment on operating leases - net | 4,970,400 | 4,015,500 |
| Inventories | 3,817,000 | 4,209,700 |
| Property and equipment - net | 5,181,500 | 5,577,800 |
| Investments in unconsolidated affiliates | 303,500 | 303,200 |
| Goodwill | 726,000 | 791,200 |
| Other intangible assets - net | 63,600 | 68,800 |
| Retirement benefits | 215,600 | 262,000 |
| Deferred income taxes | 2,767,300 | 2,776,600 |
| Other assets | 1,583,900 | 1,496,900 |
| Total Assets | 57,947,600 | 61,336,400 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| LIABILITIES | ||
| Short-term borrowings | 8,426,600 | 8,019,200 |
| Short-term securitization borrowings | 4,590,000 | 4,558,500 |
| Payables to unconsolidated affiliates | 80,600 | 101,000 |
| Accounts payable and accrued expenses | 7,311,500 | 8,554,100 |
| Deferred income taxes | 160,800 | 160,900 |
| Long-term borrowings | 23,832,800 | 24,380,700 |
| Retirement benefits and other liabilities | 6,787,700 | 6,496,500 |
| Total liabilities | 51,190,000 | 52,270,900 |
| Commitments and contingencies (Note 22) | ||
| STOCKHOLDERS' EQUITY | ||
| Common stock, $1 par value (authorized - 1,200,000,000 shares; issued - 536,431,204 shares in 2015 and 2014), at paid-in amount | 3,825,600 | 3,675,400 |
| Common stock in treasury, 219,743,893 shares in 2015 and 190,926,805 shares in 2014, at cost | (15,497,600) | (12,834,200) |
| Retained earnings | 23,144,800 | 22,004,400 |
| Accumulated other comprehensive income (loss) | (4,729,400) | (3,783,000) |
| Total Deere & Company stockholders' equity | 6,743,400 | 9,062,600 |
| Noncontrolling interests | 14,200 | 2,900 |
| Total stockholders' equity | 6,757,600 | 9,065,500 |
| Total Liabilities and Stockholders' Equity | 57,947,600 | 61,336,400 |
| External Links | |
| DEERE & CO (DE) Fiscal Year 2015 | |
| 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 |