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: 2017 | |||
STATEMENT OF CONSOLIDATED INCOME | |||
Period Ending Oct 29, 2017 10-K (Filed: Dec 18, 2017) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 29, 2017 | Oct 30, 2016 | Nov 1, 2015 | |
| Net Sales and Revenues | |||
| Net sales | $ 25,885,100 | 23,387,300 | 25,775,200 |
| Finance and interest income | 2,731,500 | 2,511,200 | 2,381,100 |
| Other income | 1,121,100 | 745,500 | 706,500 |
| Total | 29,737,700 | 26,644,000 | 28,862,800 |
| Costs and Expenses | |||
| Cost of sales | 19,933,500 | 18,248,900 | 20,143,200 |
| Research and development expenses | 1,367,700 | 1,389,100 | 1,425,100 |
| Selling, administrative and general expenses | 3,066,600 | 2,763,700 | 2,873,300 |
| Interest expense | 899,500 | 763,700 | 680,000 |
| Other operating expenses | 1,316,600 | 1,254,600 | 961,100 |
| Total | 26,583,900 | 24,420,000 | 26,082,700 |
| Income of Consolidated Group before Income Taxes | 3,153,800 | 2,224,000 | 2,780,100 |
| Provision for income taxes | 971,100 | 700,100 | 840,100 |
| Income of Consolidated Group | 2,182,700 | 1,523,900 | 1,940,000 |
| Equity in income (loss) of unconsolidated affiliates | (23,500) | (2,400) | 900 |
| Net Income | 2,159,200 | 1,521,500 | 1,940,900 |
| Less: Net income (loss) attributable to noncontrolling interests | 100 | (2,400) | 900 |
| Net Income Attributable to Deere & Company | 2,159,100 | 1,523,900 | 1,940,000 |
| Per Share Data | |||
| Basic (in dollars per share) | 6.76 | 4.83 | 5.81 |
| Diluted (in dollars per share) | 6.68 | 4.81 | 5.77 |
| Dividends declared (in dollars per share) | 2.40 | 2.40 | 2.40 |
| Average Shares Outstanding | |||
| Basic (in shares) | 319,500 | 315,200 | 333,600 |
| Diluted (in shares) | 323,300 | 316,600 | 336,000 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
DEERE & CO | |||
Ticker: DE Fiscal Year: 2017 | |||
STATEMENT OF CONSOLIDATED COMPREHENSIVE INCOME | |||
Period Ending Oct 29, 2017 10-K (Filed: Dec 18, 2017) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 29, 2017 | Oct 30, 2016 | Nov 1, 2015 | |
| Net Income | $ 2,159,200 | 1,521,500 | 1,940,900 |
| Other Comprehensive Income (Loss), Net of Income Taxes | |||
| Retirement benefits adjustment | 828,800 | (907,600) | (7,700) |
| Cumulative translation adjustment | 230,600 | 9,000 | (935,100) |
| Unrealized gain (loss) on derivatives | 3,700 | 2,900 | (2,500) |
| Unrealized loss on investments | (600) | (900) | (1,500) |
| Other Comprehensive Income (Loss), Net of Income Taxes | 1,062,500 | (896,600) | (946,800) |
| Comprehensive Income of Consolidated Group | 3,221,700 | 624,900 | 994,100 |
| Less: Comprehensive income (loss) attributable to noncontrolling interests | 300 | (2,400) | 500 |
| Comprehensive Income Attributable to Deere & Company | 3,221,400 | 627,300 | 993,600 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
DEERE & CO | |||
Ticker: DE Fiscal Year: 2017 | |||
STATEMENT OF CONSOLIDATED CASH FLOWS | |||
Period Ending Oct 29, 2017 10-K (Filed: Dec 18, 2017) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 29, 2017 | Oct 30, 2016 | Nov 1, 2015 | |
| Cash Flows from Operating Activities | |||
| Net income | $ 2,159,200 | 1,521,500 | 1,940,900 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision for credit losses | 98,300 | 94,300 | 55,400 |
| Provision for depreciation and amortization | 1,715,500 | 1,559,800 | 1,382,400 |
| Impairment charges | 39,800 | 85,100 | 34,800 |
| Share-based compensation expense | 68,100 | 70,600 | 66,100 |
| Gain on sale of unconsolidated affiliates and investments | (375,100) | (74,500) | |
| Undistributed earnings of unconsolidated affiliates | (14,400) | (1,900) | (1,000) |
| Provision (credit) for deferred income taxes | 100,100 | 282,700 | (18,400) |
| Changes in assets and liabilities: | |||
| Trade, notes and financing receivables related to sales | (838,900) | 335,200 | 811,600 |
| Insurance receivables | 333,400 | ||
| Inventories | (1,305,300) | (106,100) | (691,400) |
| Accounts payable and accrued expenses | 968,000 | (155,200) | (503,600) |
| Accrued income taxes payable/receivable | (84,200) | 7,000 | (119,100) |
| Retirement benefits | (31,900) | 238,600 | 427,500 |
| Other | (299,400) | (87,400) | 40,200 |
| Net cash provided by operating activities | 2,199,800 | 3,769,700 | 3,758,800 |
| Cash Flows from Investing Activities | |||
| Collections of receivables (excluding receivables related to sales) | 14,671,100 | 14,611,400 | 14,919,700 |
| Proceeds from maturities and sales of marketable securities | 404,200 | 169,400 | 860,700 |
| Proceeds from sales of equipment on operating leases | 1,440,800 | 1,256,200 | 1,049,400 |
| Proceeds from sales of businesses and unconsolidated affiliates, net of cash sold | 113,900 | 81,100 | 149,200 |
| Cost of receivables acquired (excluding receivables related to sales) | (15,221,800) | (13,954,500) | (14,996,500) |
| Purchases of marketable securities | (118,000) | (171,200) | (154,900) |
| Purchases of property and equipment | (594,900) | (644,400) | (694,000) |
| Cost of equipment on operating leases acquired | (1,997,400) | (2,310,700) | (2,132,100) |
| Acquisitions of businesses, net of cash acquired | (284,200) | (198,500) | |
| Other | (58,000) | (16,000) | (60,200) |
| Net cash used for investing activities | (1,644,300) | (1,177,200) | (1,058,700) |
| Cash Flows from Financing Activities | |||
| Increase (decrease) in total short-term borrowings | 1,310,600 | (1,213,600) | 501,600 |
| Proceeds from long-term borrowings | 8,702,200 | 5,070,700 | 5,711,000 |
| Payments of long-term borrowings | (5,397,000) | (5,267,600) | (4,863,200) |
| Proceeds from issuance of common stock | 528,700 | 36,000 | 172,100 |
| Repurchases of common stock | (6,200) | (205,400) | (2,770,700) |
| Dividends paid | (764,000) | (761,300) | (816,300) |
| Other | (87,800) | (64,700) | (72,100) |
| Net cash provided by (used for) financing activities | 4,286,500 | (2,405,900) | (2,137,600) |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents | 157,100 | (13,000) | (187,300) |
| Net Increase in Cash and Cash Equivalents | 4,999,100 | 173,600 | 375,200 |
| Cash and Cash Equivalents at Beginning of Year | 4,335,800 | 4,162,200 | |
| Cash and Cash Equivalents at End of Year | 9,334,900 | 4,335,800 | 4,162,200 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
DEERE & CO | ||
Ticker: DE Fiscal Year: 2017 | ||
CONSOLIDATED BALANCE SHEET | ||
Period Ending Oct 29, 2017 10-K (Filed: Dec 18, 2017) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Oct 29, 2017 | Oct 30, 2016 | |
| ASSETS | ||
| Cash and cash equivalents | $ 9,334,900 | 4,335,800 |
| Marketable securities | 451,600 | 453,500 |
| Receivables from unconsolidated affiliates | 35,900 | 16,500 |
| Trade accounts and notes receivable - net | 3,924,900 | 3,011,300 |
| Financing receivables - net | 25,104,100 | 23,702,300 |
| Financing receivables securitized - net | 4,158,800 | 5,126,500 |
| Other receivables | 1,200,000 | 1,018,500 |
| Equipment on operating leases - net | 6,593,700 | 5,901,500 |
| Inventories | 3,904,100 | 3,340,500 |
| Property and equipment - net | 5,067,700 | 5,170,600 |
| Investments in unconsolidated affiliates | 182,500 | 232,600 |
| Goodwill | 1,033,300 | 815,700 |
| Other intangible assets - net | 218,000 | 104,100 |
| Retirement benefits | 538,200 | 93,600 |
| Deferred income taxes | 2,415,000 | 2,964,400 |
| Other assets | 1,623,600 | 1,631,100 |
| Total Assets | 65,786,300 | 57,918,500 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| LIABILITIES | ||
| Short-term borrowings | 10,035,300 | 6,910,700 |
| Short-term securitization borrowings | 4,118,700 | 4,997,800 |
| Payables to unconsolidated affiliates | 121,900 | 81,600 |
| Accounts payable and accrued expenses | 8,417,000 | 7,240,100 |
| Deferred income taxes | 209,700 | 166,000 |
| Long-term borrowings | 25,891,300 | 23,703,000 |
| Retirement benefits and other liabilities | 7,417,900 | 8,274,500 |
| Total liabilities | 56,211,800 | 51,373,700 |
| Commitments and contingencies (Note 22) | ||
| Redeemable noncontrolling interest (Note 4) | 14,000 | 14,000 |
| STOCKHOLDERS' EQUITY | ||
| Common stock, $1 par value (authorized - 1,200,000,000 shares; issued - 536,431,204 shares in 2017 and 2016), at paid-in amount | 4,280,500 | 3,911,800 |
| Common stock in treasury, 214,589,902 shares in 2017 and 221,663,380 shares in 2016, at cost | (15,460,800) | (15,677,100) |
| Retained earnings | 25,301,300 | 23,911,300 |
| Accumulated other comprehensive income (loss) | (4,563,700) | (5,626,000) |
| Total Deere & Company stockholders' equity | 9,557,300 | 6,520,000 |
| Noncontrolling interests | 3,200 | 10,800 |
| Total stockholders' equity | 9,560,500 | 6,530,800 |
| Total Liabilities and Stockholders' Equity | 65,786,300 | 57,918,500 |
| External Links | |
| DEERE & CO (DE) Fiscal Year 2017 | |
| 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 |