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 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 |
| 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 |