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: 2020 | |||
STATEMENT OF CONSOLIDATED CASH FLOWS | |||
Period Ending Nov 1, 2020 10-K (Filed: Dec 17, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Nov 1, 2020 | Nov 3, 2019 | Oct 28, 2018 | |
| Cash Flows from Operating Activities | |||
| Net income | $ 2,753 | 3,257 | 2,371 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision for credit losses | 110 | 43 | 90 |
| Provision for depreciation and amortization | 2,118 | 2,019 | 1,927 |
| Impairment charges | 194 | 77 | |
| Share-based compensation expense | 81 | 82 | 84 |
| (Gain) loss on sales of businesses and unconsolidated affiliates | 24 | 5 | (25) |
| Undistributed earnings of unconsolidated affiliates | (7) | 9 | (26) |
| Provision (credit) for deferred income taxes | (11) | (465) | 1,480 |
| Changes in assets and liabilities: | |||
| Trade, notes, and financing receivables related to sales | 2,009 | (869) | (1,531) |
| Inventories | 397 | (780) | (1,772) |
| Accounts payable and accrued expenses | (7) | 46 | 722 |
| Accrued income taxes payable/receivable | 8 | 173 | (466) |
| Retirement benefits | (537) | (233) | (1,026) |
| Other | 351 | 48 | (6) |
| Net cash provided by operating activities | 7,483 | 3,412 | 1,822 |
| Cash Flows from Investing Activities | |||
| Collections of receivables (excluding receivables related to sales) | 17,381 | 16,706 | 15,589 |
| Proceeds from maturities and sales of marketable securities | 93 | 89 | 76 |
| Proceeds from sales of equipment on operating leases | 1,783 | 1,648 | 1,483 |
| Proceeds from sales of businesses and unconsolidated affiliates, net of cash sold | 93 | 156 | |
| Cost of receivables acquired (excluding receivables related to sales) | (19,965) | (18,873) | (17,013) |
| Acquisitions of businesses, net of cash acquired | (66) | (5,245) | |
| Purchases of marketable securities | (130) | (140) | (133) |
| Purchases of property and equipment | (820) | (1,120) | (896) |
| Cost of equipment on operating leases acquired | (1,836) | (2,329) | (2,054) |
| Collateral on derivatives - net | 268 | 59 | (59) |
| Other | (27) | (57) | (80) |
| Net cash used for investing activities | (3,319) | (3,924) | (8,176) |
| Cash Flows from Financing Activities | |||
| Increase (decrease) in total short-term borrowings | (1,360) | (917) | 473 |
| Proceeds from long-term borrowings | 9,271 | 9,986 | 8,288 |
| Payments of long-term borrowings | (7,383) | (6,426) | (6,245) |
| Proceeds from issuance of common stock | 331 | 178 | 217 |
| Repurchases of common stock | (750) | (1,253) | (958) |
| Dividends paid | (956) | (943) | (806) |
| Other | (133) | (116) | (93) |
| Net cash provided by (used for) financing activities | (980) | 509 | 876 |
| Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash | 32 | (56) | 26 |
| Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash | 3,216 | (59) | (5,452) |
| Cash, Cash Equivalents, and Restricted Cash at Beginning of Year | 3,956 | 4,015 | |
| Cash, Cash Equivalents, and Restricted Cash at End of Year | 7,172 | 3,956 | 4,015 |
| External Links | |
| DEERE & CO (DE) Fiscal Year 2020 | |
| 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 |