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: 2010 | |||
STATEMENT OF CONSOLIDATED CASH FLOWS | |||
Period Ending Oct 31, 2010 10-K (Filed: Dec 17, 2010) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 31, 2010 | Oct 31, 2009 | Oct 31, 2008 | |
| Cash Flows from Operating Activities | |||
| Net income | $ 1,874,300 | 872,900 | 2,053,700 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision for doubtful receivables | 106,400 | 231,800 | 95,400 |
| Provision for depreciation and amortization | 914,800 | 873,300 | 831,000 |
| Goodwill impairment charges | 27,200 | 289,200 | |
| Share-based compensation expense | 71,200 | 70,500 | 70,600 |
| Undistributed earnings of unconsolidated affiliates | (2,200) | 7,000 | (18,700) |
| Provision for deferred income taxes | 175,000 | 171,600 | 89,700 |
| Changes in assets and liabilities: | |||
| Trade, notes and financing receivables related to sales | (1,100,600) | 481,800 | (428,400) |
| Inventories | (1,052,700) | 452,500 | (1,195,400) |
| Accounts payable and accrued expenses | 1,057,700 | (1,168,300) | 702,100 |
| Accrued income taxes payable/receivable | 22,100 | (234,200) | 92,800 |
| Retirement benefits | (154,100) | (27,900) | (133,200) |
| Other | 343,100 | (35,400) | (210,600) |
| Net cash provided by operating activities | 2,282,200 | 1,984,800 | 1,949,000 |
| Cash Flows from Investing Activities | |||
| Collections of receivables | 11,047,100 | 11,252,000 | 12,608,800 |
| Proceeds from sales of financing receivables | 6,300 | 12,200 | 45,200 |
| Proceeds from maturities and sales of marketable securities | 38,400 | 825,100 | 1,738,500 |
| Proceeds from sales of equipment on operating leases | 621,900 | 477,300 | 465,700 |
| Government grants related to property and equipment | 92,300 | ||
| Proceeds from sales of businesses, net of cash sold | 34,900 | 42,000 | |
| Cost of receivables acquired | (12,493,900) | (11,234,200) | (13,304,400) |
| Purchases of marketable securities | (63,400) | (29,500) | (1,141,400) |
| Purchases of property and equipment | (761,700) | (906,700) | (1,112,300) |
| Cost of equipment on operating leases acquired | (551,100) | (401,400) | (495,900) |
| Acquisitions of businesses, net of cash acquired | (45,500) | (49,800) | (252,300) |
| Other | (34,400) | (2,000) | (19,900) |
| Net cash used for investing activities | (2,109,100) | (57,000) | (1,426,000) |
| Cash Flows from Financing Activities | |||
| Increase (decrease) in short-term borrowings | 756,000 | (1,384,800) | (413,000) |
| Proceeds from long-term borrowings | 2,621,100 | 6,282,800 | 6,320,200 |
| Payments of long-term borrowings | (3,675,700) | (3,830,300) | (4,585,400) |
| Proceeds from issuance of common stock | 129,100 | 16,500 | 108,900 |
| Repurchases of common stock | (358,800) | (3,200) | (1,677,600) |
| Dividends paid | (483,500) | (473,400) | (448,100) |
| Excess tax benefits from share-based compensation | 43,500 | 4,600 | 72,500 |
| Other | (41,400) | (141,900) | (26,000) |
| Net cash provided by (used for) financing activities | (1,009,700) | 470,300 | (648,500) |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents | (24,500) | 42,200 | 58,300 |
| Net Increase (Decrease) in Cash and Cash Equivalents | (861,100) | 2,440,300 | (67,200) |
| Cash and Cash Equivalents at Beginning of Year | 4,651,700 | 2,211,400 | |
| Cash and Cash Equivalents at End of Year | 3,790,600 | 4,651,700 | 2,211,400 |
| External Links | |
| DEERE & CO (DE) Fiscal Year 2010 | |
| 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 |