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: 2016 | |||
STATEMENT OF CONSOLIDATED INCOME | |||
Period Ending Oct 31, 2016 10-K (Filed: Dec 19, 2016) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 31, 2016 | Oct 31, 2015 | Oct 31, 2014 | |
| Net Sales and Revenues | |||
| Net sales | $ 23,387,300 | 25,775,200 | 32,960,600 |
| Finance and interest income | 2,511,200 | 2,381,100 | 2,282,100 |
| Other income | 745,500 | 706,500 | 824,200 |
| Total | 26,644,000 | 28,862,800 | 36,066,900 |
| Costs and Expenses | |||
| Cost of sales | 18,248,900 | 20,143,200 | 24,775,800 |
| Research and development expenses | 1,389,100 | 1,425,100 | 1,452,000 |
| Selling, administrative and general expenses | 2,763,700 | 2,873,300 | 3,284,400 |
| Interest expense | 763,700 | 680,000 | 664,000 |
| Other operating expenses | 1,254,600 | 961,100 | 1,093,300 |
| Total | 24,420,000 | 26,082,700 | 31,269,500 |
| Income of Consolidated Group before Income Taxes | 2,224,000 | 2,780,100 | 4,797,400 |
| Provision for income taxes | 700,100 | 840,100 | 1,626,500 |
| Income of Consolidated Group | 1,523,900 | 1,940,000 | 3,170,900 |
| Equity in income (loss) of unconsolidated affiliates | (2,400) | 900 | (7,600) |
| Net Income | 1,521,500 | 1,940,900 | 3,163,300 |
| Less: Net income (loss) attributable to noncontrolling interests | (2,400) | 900 | 1,600 |
| Net Income Attributable to Deere & Company | 1,523,900 | 1,940,000 | 3,161,700 |
| Per Share Data | |||
| Basic (in dollars per share) | 4.83 | 5.81 | 8.71 |
| Diluted (in dollars per share) | 4.81 | 5.77 | 8.63 |
| Dividends declared (in dollars per share) | 2.40 | 2.40 | 2.22 |
| Average Shares Outstanding | |||
| Basic (in shares) | 315,200 | 333,600 | 363,000 |
| Diluted (in shares) | 316,600 | 336,000 | 366,100 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
DEERE & CO | |||
Ticker: DE Fiscal Year: 2016 | |||
STATEMENT OF CONSOLIDATED COMPREHENSIVE INCOME | |||
Period Ending Oct 31, 2016 10-K (Filed: Dec 19, 2016) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 31, 2016 | Oct 31, 2015 | Oct 31, 2014 | |
| Net Income | $ 1,521,500 | 1,940,900 | 3,163,300 |
| Other Comprehensive Income (Loss), Net of Income Taxes | |||
| Retirement benefits adjustment | (907,600) | (7,700) | (684,400) |
| Cumulative translation adjustment | 9,000 | (935,100) | (415,500) |
| Unrealized gain (loss) on derivatives | 2,900 | (2,500) | 2,800 |
| Unrealized gain (loss) on investments | (900) | (1,500) | 6,900 |
| Other Comprehensive Income (Loss), Net of Income Taxes | (896,600) | (946,800) | (1,090,200) |
| Comprehensive Income of Consolidated Group | 624,900 | 994,100 | 2,073,100 |
| Less: Comprehensive income (loss) attributable to noncontrolling interests | (2,400) | 500 | 1,300 |
| Comprehensive Income Attributable to Deere & Company | 627,300 | 993,600 | 2,071,800 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
DEERE & CO | |||
Ticker: DE Fiscal Year: 2016 | |||
STATEMENT OF CONSOLIDATED CASH FLOWS | |||
Period Ending Oct 31, 2016 10-K (Filed: Dec 19, 2016) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 31, 2016 | Oct 31, 2015 | Oct 31, 2014 | |
| Cash Flows from Operating Activities | |||
| Net income | $ 1,521,500 | 1,940,900 | 3,163,300 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision for credit losses | 94,300 | 55,400 | 38,100 |
| Provision for depreciation and amortization | 1,559,800 | 1,382,400 | 1,306,500 |
| Impairment charges | 85,100 | 34,800 | 95,900 |
| Share-based compensation expense | 70,600 | 66,100 | 78,500 |
| Undistributed earnings of unconsolidated affiliates | (1,900) | (1,000) | 9,300 |
| Provision (credit) for deferred income taxes | 282,700 | (18,400) | (280,100) |
| Changes in assets and liabilities: | |||
| Trade, notes and financing receivables related to sales | 335,200 | 811,600 | (749,000) |
| Insurance receivables | 333,400 | (149,900) | |
| Inventories | (106,100) | (691,400) | (297,900) |
| Accounts payable and accrued expenses | (155,200) | (503,600) | (137,100) |
| Accrued income taxes payable/receivable | 1,600 | (137,600) | 342,600 |
| Retirement benefits | 238,600 | 427,500 | 336,900 |
| Other | (161,900) | 40,200 | (231,200) |
| Net cash provided by operating activities | 3,764,300 | 3,740,300 | 3,525,900 |
| Cash Flows from Investing Activities | |||
| Collections of receivables (excluding receivables related to sales) | 14,611,400 | 14,919,700 | 15,319,100 |
| Proceeds from maturities and sales of marketable securities | 169,400 | 860,700 | 1,022,500 |
| Proceeds from sales of equipment on operating leases | 1,256,200 | 1,049,400 | 1,091,500 |
| Proceeds from sales of businesses and unconsolidated affiliates, net of cash sold | 81,100 | 149,200 | 345,800 |
| Cost of receivables acquired (excluding receivables related to sales) | (13,954,500) | (14,996,500) | (17,240,400) |
| Purchases of marketable securities | (171,200) | (154,900) | (614,600) |
| Purchases of property and equipment | (644,400) | (694,000) | (1,048,300) |
| Cost of equipment on operating leases acquired | (2,310,700) | (2,132,100) | (1,611,000) |
| Acquisitions of businesses, net of cash acquired | (198,500) | ||
| Other | (16,000) | (60,200) | (145,600) |
| Net cash used for investing activities | (1,177,200) | (1,058,700) | (2,881,000) |
| Cash Flows from Financing Activities | |||
| Increase (decrease) in total short-term borrowings | (1,213,600) | 501,600 | 89,200 |
| Proceeds from long-term borrowings | 5,070,700 | 5,711,000 | 8,232,000 |
| Payments of long-term borrowings | (5,267,600) | (4,863,200) | (5,209,100) |
| Proceeds from issuance of common stock | 36,000 | 172,100 | 149,500 |
| Repurchases of common stock | (205,400) | (2,770,700) | (2,731,100) |
| Dividends paid | (761,300) | (816,300) | (786,000) |
| Excess tax benefits from share-based compensation | 5,400 | 18,500 | 30,800 |
| Other | (64,700) | (72,100) | (63,600) |
| Net cash used for financing activities | (2,400,500) | (2,119,100) | (288,300) |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents | (13,000) | (187,300) | (73,600) |
| Net Increase in Cash and Cash Equivalents | 173,600 | 375,200 | 283,000 |
| Cash and Cash Equivalents at Beginning of Year | 4,162,200 | 3,787,000 | |
| Cash and Cash Equivalents at End of Year | 4,335,800 | 4,162,200 | 3,787,000 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
DEERE & CO | ||
Ticker: DE Fiscal Year: 2016 | ||
CONSOLIDATED BALANCE SHEET | ||
Period Ending Oct 31, 2016 10-K (Filed: Dec 19, 2016) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Oct 31, 2016 | Oct 31, 2015 | |
| ASSETS | ||
| Cash and cash equivalents | $ 4,335,800 | 4,162,200 |
| Marketable securities | 453,500 | 437,400 |
| Receivables from unconsolidated affiliates | 16,500 | 33,300 |
| Trade accounts and notes receivable - net | 3,011,300 | 3,051,100 |
| Financing receivables - net | 23,702,300 | 24,809,000 |
| Financing receivables securitized - net | 5,126,500 | 4,834,600 |
| Other receivables | 1,018,500 | 991,200 |
| Equipment on operating leases - net | 5,901,500 | 4,970,400 |
| Inventories | 3,340,500 | 3,817,000 |
| Property and equipment - net | 5,170,600 | 5,181,500 |
| Investments in unconsolidated affiliates | 232,600 | 303,500 |
| Goodwill | 815,700 | 726,000 |
| Other intangible assets - net | 104,100 | 63,600 |
| Retirement benefits | 93,600 | 215,600 |
| Deferred income taxes | 2,964,400 | 2,767,300 |
| Other assets | 1,694,000 | 1,583,900 |
| Total Assets | 57,981,400 | 57,947,600 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| LIABILITIES | ||
| Short-term borrowings | 6,912,200 | 8,426,600 |
| Short-term securitization borrowings | 5,002,500 | 4,590,000 |
| Payables to unconsolidated affiliates | 81,600 | 80,600 |
| Accounts payable and accrued expenses | 7,240,100 | 7,311,500 |
| Deferred income taxes | 166,000 | 160,800 |
| Long-term borrowings | 23,759,700 | 23,832,800 |
| Retirement benefits and other liabilities | 8,274,500 | 6,787,700 |
| Total liabilities | 51,436,600 | 51,190,000 |
| Commitments and contingencies (Note 22) | ||
| Redeemable noncontrolling interest (Note 4) | 14,000 | |
| STOCKHOLDERS' EQUITY | ||
| Common stock, $1 par value (authorized - 1,200,000,000 shares; issued - 536,431,204 shares in 2016 and 2015), at paid-in amount | 3,911,800 | 3,825,600 |
| Common stock in treasury, 221,663,380 shares in 2016 and 219,743,893 shares in 2015, at cost | (15,677,100) | (15,497,600) |
| Retained earnings | 23,911,300 | 23,144,800 |
| Accumulated other comprehensive income (loss) | (5,626,000) | (4,729,400) |
| Total Deere & Company stockholders' equity | 6,520,000 | 6,743,400 |
| Noncontrolling interests | 10,800 | 14,200 |
| Total stockholders' equity | 6,530,800 | 6,757,600 |
| Total Liabilities and Stockholders' Equity | 57,981,400 | 57,947,600 |
| External Links | |
| DEERE & CO (DE) Fiscal Year 2016 | |
| 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 |