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: 2021 | |||
STATEMENT OF CONSOLIDATED INCOME | |||
Period Ending Oct 31, 2021 10-K (Filed: Dec 16, 2021) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 31, 2021 | Nov 1, 2020 | Nov 3, 2019 | |
| Net Sales and Revenues | |||
| Net sales and revenues | $ 44,024 | 35,540 | 39,258 |
| Costs and Expenses | |||
| Costs and Expenses | |||
| Research and development expenses | 1,587 | 1,644 | 1,783 |
| Selling, administrative and general expenses | 3,383 | 3,477 | 3,551 |
| Interest expense | 993 | 1,247 | 1,466 |
| Total | 36,422 | 31,657 | 35,170 |
| Income of Consolidated Group before Income Taxes | 7,602 | 3,883 | 4,088 |
| Provision for income taxes | 1,658 | 1,082 | 852 |
| Income of Consolidated Group | 5,944 | 2,801 | 3,236 |
| Equity in income (loss) of unconsolidated affiliates | 21 | (48) | 21 |
| Net Income | 5,965 | 2,753 | 3,257 |
| Less: Net income attributable to noncontrolling interests | 2 | 2 | 4 |
| Net Income Attributable to Deere & Company | 5,963 | 2,751 | 3,253 |
| Per Share Data | |||
| Basic (in dollars per share) | 19.14 | 8.77 | 10.28 |
| Diluted (in dollars per share) | 18.99 | 8.69 | 10.15 |
| Dividends declared (in dollars per share) | 3.61 | 3.04 | 3.04 |
| Average Shares Outstanding | |||
| Basic (in shares) | 311,600 | 313,500 | 316,500 |
| Diluted (in shares) | 314,000 | 316,600 | 320,600 |
| Products and Services | |||
| Net Sales | |||
| Net sales and revenues | 39,737 | 31,272 | 34,886 |
| Costs and expenses | 29,116 | 23,677 | 26,792 |
| Finance and Interest Income | |||
| Net sales and revenues | 3,296 | 3,450 | 3,493 |
| Other | |||
| Net sales and revenues | 991 | 818 | 879 |
| Costs and expenses | 1,343 | 1,612 | 1,578 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
DEERE & CO | |||
Ticker: DE Fiscal Year: 2021 | |||
STATEMENT OF CONSOLIDATED COMPREHENSIVE INCOME | |||
Period Ending Oct 31, 2021 10-K (Filed: Dec 16, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 31, 2021 | Nov 1, 2020 | Nov 3, 2019 | |
| Net Income | $ 5,965 | 2,753 | 3,257 |
| Other Comprehensive Income (Loss), Net of Income Taxes | |||
| Retirement benefits adjustment | 2,884 | (3) | (678) |
| Cumulative translation adjustment | 118 | 55 | (448) |
| Unrealized gain (loss) on derivatives | 16 | 2 | (75) |
| Unrealized gain (loss) on debt securities | (18) | 14 | 29 |
| Other Comprehensive Income (Loss), Net of Income Taxes | 3,000 | 68 | (1,172) |
| Comprehensive Income of Consolidated Group | 8,965 | 2,821 | 2,085 |
| Less: Comprehensive income attributable to noncontrolling interests | 2 | 2 | 4 |
| Comprehensive Income Attributable to Deere & Company | 8,963 | 2,819 | 2,081 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
DEERE & CO | |||
Ticker: DE Fiscal Year: 2021 | |||
STATEMENT OF CONSOLIDATED CASH FLOWS | |||
Period Ending Oct 31, 2021 10-K (Filed: Dec 16, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 31, 2021 | Nov 1, 2020 | Nov 3, 2019 | |
| Cash Flows from Operating Activities | |||
| Net income | $ 5,965 | 2,753 | 3,257 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision (credit) for credit losses | (6) | 110 | 43 |
| Provision for depreciation and amortization | 2,050 | 2,118 | 2,019 |
| Impairment charges | 50 | 194 | 77 |
| Share-based compensation expense | 82 | 81 | 82 |
| Loss on sales of businesses and unconsolidated affiliates | 24 | 5 | |
| Undistributed earnings of unconsolidated affiliates | 2 | (7) | 9 |
| Credit for deferred income taxes | (441) | (11) | (465) |
| Changes in assets and liabilities: | |||
| Trade, notes, and financing receivables related to sales | 969 | 2,009 | (869) |
| Inventories | (2,497) | 397 | (780) |
| Accounts payable and accrued expenses | 1,884 | (7) | 46 |
| Accrued income taxes payable/receivable | 11 | 8 | 173 |
| Retirement benefits | 29 | (537) | (233) |
| Other | (372) | 351 | 48 |
| Net cash provided by operating activities | 7,726 | 7,483 | 3,412 |
| Cash Flows from Investing Activities | |||
| Collections of receivables (excluding receivables related to sales) | 18,959 | 17,381 | 16,706 |
| Proceeds from maturities and sales of marketable securities | 109 | 93 | 89 |
| Proceeds from sales of equipment on operating leases | 2,094 | 1,783 | 1,648 |
| Proceeds from sales of businesses and unconsolidated affiliates, net of cash sold | 93 | ||
| Cost of receivables acquired (excluding receivables related to sales) | (23,653) | (19,965) | (18,873) |
| Acquisitions of businesses, net of cash acquired | (244) | (66) | |
| Purchases of marketable securities | (194) | (130) | (140) |
| Purchases of property and equipment | (848) | (820) | (1,120) |
| Cost of equipment on operating leases acquired | (1,732) | (1,836) | (2,329) |
| Collateral on derivatives - net | (281) | 268 | 59 |
| Other | 40 | (27) | (57) |
| Net cash used for investing activities | (5,750) | (3,319) | (3,924) |
| Cash Flows from Financing Activities | |||
| Increase (decrease) in total short-term borrowings | 818 | (1,360) | (917) |
| Proceeds from long-term borrowings | 8,722 | 9,271 | 9,986 |
| Payments of long-term borrowings | (7,090) | (7,383) | (6,426) |
| Proceeds from issuance of common stock | 148 | 331 | 178 |
| Repurchases of common stock | (2,538) | (750) | (1,253) |
| Dividends paid | (1,040) | (956) | (943) |
| Other | (98) | (133) | (116) |
| Net cash provided by (used for) financing activities | (1,078) | (980) | 509 |
| Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash | 55 | 32 | (56) |
| Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash | 953 | 3,216 | (59) |
| Cash, Cash Equivalents, and Restricted Cash at Beginning of Year | 7,172 | 3,956 | |
| Cash, Cash Equivalents, and Restricted Cash at End of Year | 8,125 | 7,172 | 3,956 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
DEERE & CO | ||
Ticker: DE Fiscal Year: 2021 | ||
CONSOLIDATED BALANCE SHEET | ||
Period Ending Oct 31, 2021 10-K (Filed: Dec 16, 2021) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Oct 31, 2021 | Nov 1, 2020 | |
| Assets | ||
| Cash and cash equivalents | $ 8,017 | 7,066 |
| Marketable securities | 728 | 641 |
| Receivables from unconsolidated affiliates | 27 | 31 |
| Trade accounts and notes receivable - net | 4,208 | 4,171 |
| Financing receivables - net | 33,799 | 29,750 |
| Financing receivables securitized - net | 4,659 | 4,703 |
| Other receivables | 1,738 | 1,220 |
| Equipment on operating leases - net | 6,988 | 7,298 |
| Inventories | 6,781 | 4,999 |
| Property and equipment - net | 5,820 | 5,817 |
| Investments in unconsolidated affiliates | 175 | 193 |
| Goodwill | 3,291 | 3,081 |
| Other intangible assets - net | 1,275 | 1,327 |
| Retirement benefits | 3,601 | 863 |
| Deferred income taxes | 1,037 | 1,499 |
| Other assets | 1,970 | 2,432 |
| Total Assets | 84,114 | 75,091 |
| Liabilities and Stockholders' Equity | ||
| Liabilities | ||
| Short-term borrowings | 10,919 | 8,582 |
| Short-term securitization borrowings | 4,605 | 4,682 |
| Payables to unconsolidated affiliates | 143 | 105 |
| Accounts payable and accrued expenses | 12,205 | 10,112 |
| Deferred income taxes | 576 | 519 |
| Long-term borrowings | 32,888 | 32,734 |
| Retirement benefits and other liabilities | 4,344 | 5,413 |
| Total liabilities | 65,680 | 62,147 |
| Commitments and contingencies (Note 21) | ||
| Stockholders' Equity | ||
| Common stock, $1 par value (authorized - 1,200,000,000 shares; issued - 536,431,204 shares in 2021 and 2020), at paid-in amount | 5,054 | 4,895 |
| Common stock in treasury, 228,366,144 shares in 2021 and 222,775,254 shares in 2020, at cost | (20,533) | (18,065) |
| Retained earnings | 36,449 | 31,646 |
| Accumulated other comprehensive income (loss) | (2,539) | (5,539) |
| Total Deere & Company stockholders' equity | 18,431 | 12,937 |
| Noncontrolling interests | 3 | 7 |
| Total stockholders' equity | 18,434 | 12,944 |
| Total Liabilities and Stockholders' Equity | 84,114 | 75,091 |
| External Links | |
| DEERE & CO (DE) Fiscal Year 2021 | |
| 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 |