← DEERE & CO
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $1.5b | $2.2b | $2.4b | $3.3b | $2.8b | $6.0b | $7.1b | $10.2b | $7.1b | $5.0b | |
| Net Income (Loss) Available to Common Stockholders, Basic | $1.5b | $2.2b | $2.4b | $3.3b | $2.8b | $6.0b | $7.1b | $10.2b | $7.1b | $5.0b | |
| Net Income (Loss) Attributable to Noncontrolling Interest | ($2.4m) | $100k | $2.2m | $4.0m | $2.0m | $2.0m | ($1.0m) | ($11.0m) | ($12.0m) | ($29.0m) | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $1.5b | $2.2b | $2.4b | $3.3b | $2.8b | $6.0b | $7.1b | $10.2b | $7.1b | $5.0b | |
| Amortization of Intangible Assets | $15.0m | $18.0m | $100.0m | $109.0m | $102.0m | $116.0m | $145.0m | $169.0m | $166.0m | $143.0m | |
| Capitalized Computer Software, Amortization | $102.0m | $118.0m | $145.0m | $150.0m | $133.0m | $121.0m | $117.0m | $144.0m | $180.0m | $227.0m | |
| Depreciation | $701.0m | $726.0m | $754.0m | $779.0m | $800.0m | $2.0b | $1.9b | $2.0b | $2.1b | $2.2b | |
| Depreciation, Depletion and Amortization | $1.6b | $1.7b | $1.9b | $2.0b | $2.1b | $2.0b | $1.9b | $2.0b | $2.1b | $2.2b | |
| Credit for deferred income taxes | $282.7m | $100.1m | $1.5b | ($465.0m) | ($11.0m) | ($441.0m) | ($66.0m) | ($790.0m) | ($294.0m) | ($288.0m) | |
| Deferred Income Tax Expense (Benefit) | $282.7m | $100.1m | $1.5b | ($465.0m) | ($11.0m) | ($441.0m) | ($66.0m) | ($790.0m) | ($294.0m) | ($288.0m) | |
| Equity Method Investment, Other than Temporary Impairment | — | — | — | — | $50.0m | — | — | — | — | — | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | — | — | $0 | |
| Impairments and other adjustments | — | — | — | — | — | $50.0m | $88.0m | $191.0m | $125.0m | $41.0m | |
| Share-based Payment Arrangement, Expense | $71.0m | $68.0m | $84.0m | $82.0m | $81.0m | $82.0m | $85.0m | $130.0m | $208.0m | $151.0m | |
| Share-based Payment Arrangement, Noncash Expense | $70.6m | $68.1m | $83.8m | $82.0m | $81.0m | $82.0m | $85.0m | $130.0m | $208.0m | $151.0m | |
| Share-based compensation expense | $70.6m | $68.1m | $83.8m | $82.0m | $81.0m | $82.0m | $85.0m | $130.0m | $208.0m | $151.0m | |
| Gain (Loss) on Disposition of Business | — | — | — | ($5.0m) | ($24.0m) | — | — | — | — | — | |
| Income (Loss) from Equity Method Investments | ($2.4m) | ($23.5m) | $26.8m | $21.0m | ($48.0m) | $21.0m | $10.0m | $7.0m | ($24.0m) | — | |
| Income Tax Expense (Benefit) | $700.1m | $971.1m | $1.7b | $852.0m | $1.1b | $1.7b | $2.0b | $2.9b | $2.1b | $1.3b | |
| Proceeds from sales of equipment on operating leases | $1.3b | $1.4b | $1.5b | $1.6b | $1.8b | $2.1b | $2.1b | $2.0b | $1.9b | $1.9b | |
| Income (Loss) from Equity Method Investments, Net of Dividends or Distributions | $1.9m | $14.4m | $26.3m | ($9.0m) | $7.0m | ($2.0m) | — | — | — | — | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Accounts payable and accrued expenses | ($155.2m) | $968.0m | $722.3m | $46.0m | ($7.0m) | $1.9b | $1.1b | $830.0m | ($1.0b) | ($251.0m) | |
| Accrued income taxes payable/receivable | $1.6m | ($84.2m) | ($466.2m) | $173.0m | $8.0m | $11.0m | $141.0m | ($23.0m) | ($123.0m) | ($136.0m) | |
| Collateral on derivatives - net | — | — | ($59.0m) | $59.0m | $268.0m | ($281.0m) | ($642.0m) | ($12.0m) | $413.0m | $182.0m | |
| Collections of receivables (excluding receivables related to sales) | $14.6b | $14.7b | $15.6b | $16.7b | $17.4b | $19.0b | $20.9b | $23.1b | $25.2b | $26.5b | |
| Cost of receivables acquired (excluding receivables related to sales) | ($14.0b) | ($15.2b) | ($17.0b) | ($18.9b) | ($20.0b) | ($23.7b) | ($26.3b) | ($28.8b) | ($28.8b) | ($26.3b) | |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | — | — | — | — | ($20.0m) | — | — | — | — | — | |
| Equity Securities, FV-NI, Gain (Loss) | — | — | — | — | $8.0m | $24.0m | ($11.0m) | — | $88.0m | — | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | — | $1.0m | $2.0m | — | ($1.0m) | $88.0m | — | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | — | $7.0m | $22.0m | ($11.0m) | $1.0m | — | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | — | ($18.0m) | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($38.0m) | ($62.0m) | ($8.0m) | ($13.0m) | $18.0m | ($134.0m) | ($175.0m) | ($159.0m) | ($63.0m) | ($60.0m) | |
| Goodwill | $815.7m | $1.0b | $3.1b | $2.9b | $3.1b | $3.3b | $3.7b | $3.9b | $4.0b | $4.2b | |
| Increase (Decrease) in Inventories | $106.1m | $1.3b | $1.8b | $780.0m | ($397.0m) | $2.5b | $2.1b | ($279.0m) | ($788.0m) | $275.0m | |
| Inventories | ($106.1m) | ($1.3b) | ($1.8b) | ($780.0m) | $397.0m | ($2.5b) | ($2.1b) | $279.0m | $788.0m | ($275.0m) | |
| Investment Income, Interest | $1.5b | $1.6b | $1.8b | $2.1b | $2.0b | $1.9b | $2.0b | — | — | — | |
| Net proceeds (payments) in short-term borrowings (original maturities three months or less) | — | — | — | — | — | $818.0m | $3.9b | $4.0b | ($1.9b) | ($2.5b) | |
| Operating Costs and Expenses | $163.0m | $1.3b | — | — | — | — | — | — | — | — | |
| Other | ($64.7m) | ($87.8m) | ($92.5m) | ($116.0m) | ($133.0m) | ($98.0m) | ($92.0m) | ($73.0m) | ($113.0m) | ($79.0m) | |
| Payments of borrowings (original maturities greater than three months) | — | — | — | — | — | ($7.1b) | ($8.4b) | ($7.9b) | ($13.2b) | ($12.3b) | |
| Proceeds from borrowings issued (original maturities greater than three months) | — | — | — | — | — | $8.7b | $10.4b | $15.4b | $18.1b | $13.2b | |
| Proceeds from maturities and sales of marketable securities | $169.4m | $404.2m | $76.6m | $89.0m | $93.0m | $109.0m | $79.0m | $186.0m | $832.0m | $486.0m | |
| Provision (credit) for credit losses | $94.3m | $98.3m | $90.8m | $43.0m | $110.0m | ($6.0m) | $192.0m | ($16.0m) | $310.0m | $296.0m | |
| Provision for Loan, Lease, and Other Losses | — | — | — | $43.0m | $110.0m | ($6.0m) | $192.0m | ($16.0m) | $310.0m | $296.0m | |
| Purchases of marketable securities | ($171.2m) | ($118.0m) | ($132.8m) | ($140.0m) | ($130.0m) | ($194.0m) | ($250.0m) | ($491.0m) | ($1.1b) | ($703.0m) | |
| Receivables related to sales | $335.2m | ($838.9m) | ($1.5b) | ($869.0m) | $2.0b | $969.0m | ($2.5b) | ($4.3b) | $421.0m | $1.1b | |
| Restricted cash (Other assets) | — | — | — | — | $106.0m | $108.0m | $167.0m | $162.0m | $193.0m | $257.0m | |
| Retirement benefits | $238.6m | ($31.9m) | ($1.0b) | ($233.0m) | ($537.0m) | $29.0m | ($1.0b) | ($170.0m) | ($227.0m) | ($865.0m) | |
| Net Cash Provided by (Used in) Operating Activities | $3.8b | $2.2b | $1.8b | $3.4b | $7.5b | $7.7b | $4.7b | $8.6b | $9.2b | $7.5b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $644.4m | $594.9m | $896.4m | $1.1b | $820.0m | $848.0m | $1.1b | $1.5b | $1.6b | $1.4b | |
| Acquisitions of businesses, net of cash acquired | ($198.5m) | ($284.2m) | ($5.2b) | — | ($66.0m) | ($244.0m) | ($498.0m) | ($82.0m) | — | ($101.0m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $198.5m | $284.2m | $5.2b | — | $66.0m | $244.0m | $498.0m | $82.0m | — | $101.0m | |
| Payments for (Proceeds from) Other Investing Activities | $16.0m | $58.0m | $117.4m | ($2.0m) | $27.0m | ($40.0m) | $257.0m | $447.0m | $127.0m | $148.0m | |
| Net cash used for investing activities | ($1.2b) | ($1.6b) | ($8.2b) | ($3.9b) | ($3.3b) | ($5.8b) | ($8.5b) | ($8.7b) | ($6.5b) | ($2.1b) | |
| Net Cash Provided by (Used in) Investing Activities | — | ($1.6b) | ($8.2b) | ($3.9b) | ($3.3b) | ($5.8b) | ($8.5b) | ($8.7b) | ($6.5b) | ($2.1b) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $5.1b | $8.7b | $8.3b | $10.0b | $9.3b | $8.7b | $10.4b | — | — | — | |
| Repayments of Long-term Debt | $5.3b | $5.4b | $6.2b | $6.4b | $7.4b | $7.1b | $8.4b | — | — | — | |
| Payments for Repurchase of Common Stock | $205.4m | $6.2m | $957.9m | $1.3b | $750.0m | $2.5b | $3.6b | $7.2b | $4.0b | $1.1b | |
| Payments of Ordinary Dividends, Common Stock | $761.3m | $764.0m | $805.8m | $943.0m | $956.0m | $1.0b | $1.3b | $1.4b | $1.6b | $1.7b | |
| Repurchases of common stock | ($205.4m) | ($6.2m) | ($957.9m) | ($1.3b) | ($750.0m) | ($2.5b) | ($3.6b) | ($7.2b) | ($4.0b) | ($1.1b) | |
| Dividends Payable | — | — | — | — | — | — | $343.0m | $388.0m | $405.0m | $443.0m | |
| Dividends paid | ($761) | ($764) | ($806) | ($943) | ($956) | ($1k) | ($1k) | ($1k) | ($2k) | ($2k) | |
| Proceeds from (Payments for) Other Financing Activities | ($64.7m) | ($87.8m) | ($92.5m) | ($116.0m) | ($133.0m) | ($98.0m) | ($92.0m) | ($73.0m) | ($113.0m) | ($79.0m) | |
| Net cash provided by (used for) financing activities | ($2.4b) | $4.3b | $876.4m | $509.0m | ($980.0m) | ($1.1b) | $826.0m | $2.8b | ($2.7b) | ($4.6b) | |
| Net Cash Provided by (Used in) Financing Activities | — | $4.3b | $876.4m | $509.0m | ($980.0m) | ($1.1b) | $826.0m | $2.8b | ($2.7b) | ($4.6b) | |
| Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash | — | $157.0m | $26.0m | ($56.0m) | $32.0m | $55.0m | ($224.0m) | $31.0m | ($37.0m) | $77.0m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | ($56.0m) | $32.0m | $55.0m | ($224.0m) | $31.0m | ($37.0m) | $77.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | ($59.0m) | $3.2b | $953.0m | ($3.2b) | $2.7b | $13.0m | $900.0m | |
| Net Increase in Cash, Cash Equivalents, and Restricted Cash | — | $5.0b | ($5.5b) | ($59.0m) | $3.2b | $953.0m | ($3.2b) | $2.7b | $13.0m | $900.0m | |
| Cash and cash equivalents | $4.3b | $9.3b | $3.9b | — | $7.1b | $8.0b | $4.8b | $7.5b | $7.3b | $8.3b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $4.0b | $7.2b | $8.1b | $4.9b | $7.6b | $7.6b | $8.5b | |
| Cash, Cash Equivalents, and Restricted Cash at Beginning of Year | — | $9.5b | $4.0b | $4.0b | $7.2b | $8.1b | $4.9b | $7.6b | $7.6b | $8.5b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $726.0m | $903.0m | $1.2b | $1.5b | $1.3b | $1.0b | $1.1b | $2.2b | $3.3b | $3.1b | |
| Income Taxes Paid, Net | $392.0m | $981.0m | $712.0m | $1.1b | $1.1b | $2.1b | $1.9b | $3.6b | $2.5b | $1.6b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.