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: 2019 | |||
STATEMENT OF CONSOLIDATED INCOME | |||
Period Ending Nov 3, 2019 10-K (Filed: Dec 19, 2019) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Nov 3, 2019 | Oct 28, 2018 | Oct 29, 2017 | |
| Net Sales and Revenues | |||
| Net sales and revenues | $ 39,258 | 37,358 | 29,738 |
| Costs and Expenses | |||
| Costs and Expenses | |||
| Research and development expenses | 1,783 | 1,658 | 1,373 |
| Selling, administrative and general expenses | 3,551 | 3,455 | 3,098 |
| Interest expense | 1,466 | 1,204 | 899 |
| Total | 35,170 | 33,287 | 26,584 |
| Income of Consolidated Group before Income Taxes | 4,088 | 4,071 | 3,154 |
| Provision for income taxes | 852 | 1,727 | 971 |
| Income of Consolidated Group | 3,236 | 2,344 | 2,183 |
| Equity in income (loss) of unconsolidated affiliates | 21 | 27 | (24) |
| Net Income | 3,257 | 2,371 | 2,159 |
| Less: Net income attributable to noncontrolling interests | 4 | 3 | 0 |
| Net Income Attributable to Deere & Company | 3,253 | 2,368 | 2,159 |
| Per Share Data | |||
| Basic (in dollars per share) | 10.28 | 7.34 | 6.76 |
| Diluted (in dollars per share) | 10.15 | 7.24 | 6.68 |
| Dividends declared (in dollars per share) | 3.04 | 2.58 | 2.40 |
| Average Shares Outstanding | |||
| Basic (in shares) | 316,500 | 322,600 | 319,500 |
| Diluted (in shares) | 320,600 | 327,300 | 323,300 |
| Products and Services | |||
| Net Sales | |||
| Net sales and revenues | 34,886 | 33,351 | 25,885 |
| Costs and expenses | 26,792 | 25,571 | 19,866 |
| Finance and Interest Income | |||
| Net sales and revenues | 3,493 | 3,107 | 2,732 |
| Other | |||
| Net sales and revenues | 879 | 900 | 1,121 |
| Costs and expenses | 1,578 | 1,399 | 1,348 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
DEERE & CO | |||
Ticker: DE Fiscal Year: 2019 | |||
STATEMENT OF CONSOLIDATED COMPREHENSIVE INCOME | |||
Period Ending Nov 3, 2019 10-K (Filed: Dec 19, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Nov 3, 2019 | Oct 28, 2018 | Oct 29, 2017 | |
| Net income | $ 3,257 | 2,371 | 2,159 |
| Other Comprehensive Income (Loss), Net of Income Taxes | |||
| Retirement benefits adjustment | (678) | 1,052 | 829 |
| Cumulative translation adjustment | (448) | (195) | 230 |
| Unrealized gain (loss) on derivatives | (75) | 9 | 4 |
| Unrealized gain (loss) on debt securities | 29 | (13) | (1) |
| Other Comprehensive Income (Loss), Net of Income Taxes | (1,172) | 853 | 1,062 |
| Comprehensive Income of Consolidated Group | 2,085 | 3,224 | 3,221 |
| Less: Comprehensive income attributable to noncontrolling interests | 4 | 2 | 0 |
| Comprehensive Income Attributable to Deere & Company | 2,081 | 3,222 | 3,221 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
DEERE & CO | |||
Ticker: DE Fiscal Year: 2019 | |||
STATEMENT OF CONSOLIDATED CASH FLOWS | |||
Period Ending Nov 3, 2019 10-K (Filed: Dec 19, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Nov 3, 2019 | Oct 28, 2018 | Oct 29, 2017 | |
| Cash Flows from Operating Activities | |||
| Net income | $ 3,257 | 2,371 | 2,159 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision for credit losses | 43 | 90 | 98 |
| Provision for depreciation and amortization | 2,019 | 1,927 | 1,716 |
| Impairment charges | 77 | 40 | |
| Share-based compensation expense | 82 | 84 | 68 |
| (Gain) loss on sales of businesses and unconsolidated affiliates | 5 | (25) | |
| (Gain) loss on sales of businesses and unconsolidated affiliates | (375) | ||
| Undistributed earnings of unconsolidated affiliates | 9 | (26) | (14) |
| Provision (credit) for deferred income taxes | (465) | 1,480 | 100 |
| Changes in assets and liabilities: | |||
| Trade, notes, and financing receivables related to sales | (869) | (1,531) | (839) |
| Inventories | (780) | (1,772) | (1,305) |
| Accounts payable and accrued expenses | 46 | 722 | 968 |
| Accrued income taxes payable/receivable | 173 | (466) | (84) |
| Retirement benefits | (233) | (1,026) | (32) |
| Other | 48 | (6) | (304) |
| Net cash provided by operating activities | 3,412 | 1,822 | 2,196 |
| Cash Flows from Investing Activities | |||
| Collections of receivables (excluding receivables related to sales) | 16,706 | 15,589 | 14,671 |
| Proceeds from maturities and sales of marketable securities | 89 | 76 | 404 |
| Proceeds from sales of equipment on operating leases | 1,648 | 1,483 | 1,441 |
| Proceeds from sales of businesses and unconsolidated affiliates, net of cash sold | 93 | 156 | |
| Proceeds from sales of businesses and unconsolidated affiliates, net of cash sold | 114 | ||
| Cost of receivables acquired (excluding receivables related to sales) | (18,873) | (17,013) | (15,222) |
| Acquisitions of businesses, net of cash acquired | (5,245) | (284) | |
| Purchases of marketable securities | (140) | (133) | (118) |
| Purchases of property and equipment | (1,120) | (896) | (595) |
| Cost of equipment on operating leases acquired | (2,329) | (2,054) | (1,997) |
| Other | 2 | (139) | (76) |
| Net cash used for investing activities | (3,924) | (8,176) | (1,662) |
| Cash Flows from Financing Activities | |||
| Increase (decrease) in total short-term borrowings | (917) | 473 | 1,310 |
| Proceeds from long-term borrowings | 9,986 | 8,288 | 8,702 |
| Payments of long-term borrowings | (6,426) | (6,245) | (5,397) |
| Proceeds from issuance of common stock | 178 | 217 | 529 |
| Repurchases of common stock | (1,253) | (958) | (6) |
| Dividends paid | (943) | (806) | (764) |
| Other | (116) | (93) | (88) |
| Net cash provided by financing activities | 509 | 876 | 4,286 |
| Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash | (56) | 26 | 157 |
| Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash | (59) | (5,452) | 4,977 |
| Cash, Cash Equivalents, and Restricted Cash at Beginning of Year | 4,015 | 9,467 | |
| Cash, Cash Equivalents, and Restricted Cash at End of Year | 3,956 | 4,015 | 9,467 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
DEERE & CO | ||
Ticker: DE Fiscal Year: 2019 | ||
CONSOLIDATED BALANCE SHEET | ||
Period Ending Nov 3, 2019 10-K (Filed: Dec 19, 2019) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Nov 3, 2019 | Oct 28, 2018 | |
| ASSETS | ||
| Cash and cash equivalents | $ 3,857 | 3,904 |
| Marketable securities | 581 | 490 |
| Receivables from unconsolidated affiliates | 46 | 22 |
| Trade accounts and notes receivable - net | 5,230 | 5,004 |
| Financing receivables - net | 29,195 | 27,054 |
| Financing receivables securitized - net | 4,383 | 4,022 |
| Other receivables | 1,487 | 1,736 |
| Equipment on operating leases - net | 7,567 | 7,165 |
| Inventories | 5,975 | 6,149 |
| Property and equipment - net | 5,973 | 5,868 |
| Investments in unconsolidated affiliates | 215 | 207 |
| Goodwill | 2,917 | 3,101 |
| Other intangible assets - net | 1,380 | 1,562 |
| Retirement benefits | 840 | 1,298 |
| Deferred income taxes | 1,466 | 808 |
| Other assets | 1,899 | 1,828 |
| Total Assets | 73,011 | 70,108 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| LIABILITIES | ||
| Short-term borrowings | 10,784 | 11,062 |
| Short-term securitization borrowings | 4,321 | 3,957 |
| Payables to unconsolidated affiliates | 142 | 129 |
| Accounts payable and accrued expenses | 9,656 | 10,221 |
| Deferred income taxes | 495 | 556 |
| Long-term borrowings | 30,229 | 27,237 |
| Retirement benefits and other liabilities | 5,953 | 5,751 |
| Total liabilities | 61,580 | 58,803 |
| Commitments and contingencies (Note 23) | ||
| Redeemable noncontrolling interest | 14 | 14 |
| STOCKHOLDERS' EQUITY | ||
| Common stock, $1 par value (authorized - 1,200,000,000 shares; issued - 536,431,204 shares in 2019 and 2018), at paid-in amount | 4,642 | 4,474 |
| Common stock in treasury, 223,290,789 shares in 2019 and 217,975,806 shares in 2018, at cost | (17,474) | (16,312) |
| Retained earnings | 29,852 | 27,553 |
| Accumulated other comprehensive income (loss) | (5,607) | (4,427) |
| Total Deere & Company stockholders' equity | 11,413 | 11,288 |
| Noncontrolling interests | 4 | 3 |
| Total stockholders' equity | 11,417 | 11,291 |
| Total Liabilities and Stockholders' Equity | 73,011 | 70,108 |
| External Links | |
| DEERE & CO (DE) Fiscal Year 2019 | |
| 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 |