10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
DEERE & CO | |||
Ticker: DE Fiscal Year: 2022 | |||
STATEMENTS OF CONSOLIDATED CASH FLOWS | |||
Period Ending Oct 30, 2022 10-K (Filed: Dec 15, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 30, 2022 | Oct 31, 2021 | Nov 1, 2020 | |
| Cash Flows from Operating Activities | |||
| Net income | $ 7,130 | 5,965 | 2,753 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision (credit) for credit losses | 192 | (6) | 110 |
| Provision for depreciation and amortization | 1,895 | 2,050 | 2,118 |
| Impairment charges | 88 | 50 | 194 |
| Share-based compensation expense | 85 | 82 | 81 |
| Loss on sales of businesses and unconsolidated affiliates | 24 | ||
| Gain on remeasurement of previously held equity investment | (326) | ||
| Credit for deferred income taxes | (66) | (441) | (11) |
| Changes in assets and liabilities: | |||
| Trade, notes, and financing receivables related to sales | (2,483) | 969 | 2,009 |
| Inventories | (2,091) | (2,497) | 397 |
| Accounts payable and accrued expenses | 1,133 | 1,884 | (7) |
| Accrued income taxes payable/receivable | 141 | 11 | 8 |
| Retirement benefits | (1,015) | 29 | (537) |
| Other | 16 | (370) | 344 |
| Net cash provided by operating activities | 4,699 | 7,726 | 7,483 |
| Cash Flows from Investing Activities | |||
| Collections of receivables (excluding receivables related to sales) | 20,907 | 18,959 | 17,381 |
| Proceeds from sales of equipment on operating leases | 2,093 | 2,094 | 1,783 |
| Cost of receivables acquired (excluding receivables related to sales) | (26,300) | (23,653) | (19,965) |
| Acquisitions of businesses, net of cash acquired | (498) | (244) | (66) |
| Purchases of property and equipment | (1,134) | (848) | (820) |
| Cost of equipment on operating leases acquired | (2,654) | (1,732) | (1,836) |
| Collateral on derivatives - net | (642) | (281) | 268 |
| Other | (257) | (45) | (64) |
| Net cash used for investing activities | (8,485) | (5,750) | (3,319) |
| Cash Flows from Financing Activities | |||
| Increase (decrease) in total short-term borrowings | 3,852 | 818 | (1,360) |
| Proceeds from long-term borrowings | 10,358 | 8,722 | 9,271 |
| Payments of long-term borrowings | (8,445) | (7,090) | (7,383) |
| Proceeds from issuance of common stock | 63 | 148 | 331 |
| Repurchases of common stock | (3,597) | (2,538) | (750) |
| Dividends paid | (1,313) | (1,040) | (956) |
| Other | (92) | (98) | (133) |
| Net cash provided by (used for) financing activities | 826 | (1,078) | (980) |
| Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash | (224) | 55 | 32 |
| Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash | (3,184) | 953 | 3,216 |
| Cash, Cash Equivalents, and Restricted Cash at Beginning of Year | 8,125 | 7,172 | |
| Cash, Cash Equivalents, and Restricted Cash at End of Year | 4,941 | 8,125 | 7,172 |
| Components of Cash, Cash Equivalents, and Restricted Cash | |||
| Cash and cash equivalents | 4,774 | 8,017 | 7,066 |
| Restricted cash (Other assets) | 167 | 108 | 106 |
| Balance sheet location of restricted cash | http://fasb.org/us-gaap/2022#OtherAssets | http://fasb.org/us-gaap/2022#OtherAssets | http://fasb.org/us-gaap/2022#OtherAssets |
| Total cash, cash equivalents, and restricted cash | 4,941 | 8,125 | 7,172 |
| External Links | |
| DEERE & CO (DE) Fiscal Year 2022 | |
| 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 |