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DEERE & COeval run
10-K for period ending 2025-11-02gpt-6-luna@none · prompt v4$0.00062.8s9/10 correct vs SECfiling on sec.gov ↗

figures

fieldvaluestatement rowprintedSEC
Total revenue$38.9BR2 Net sales38,917 millions$45.7B ✗
Operating income-not printed on this statement--
Net income attributable to the company$5.0BR19 Net Income Attributable to Deere & Company5,027 millions$5.0B ✓
Diluted EPS$18.50R22 Diluted18.50$18.50 ✓
Cash and cash equivalents$8.3BR2 Cash and cash equivalents8,276 millions$8.3B ✓
Total assets$106.0BR17 Total Assets105,996 millions$106.0B ✓
Total liabilities$80.0BR27 Total liabilities79,989 millions$80.0B ✓
Total shareholders' equity attributable to the company$25.9BR35 Total Deere & Company stockholders’ equity25,950 millions$25.9B ✓
Net cash from operating activities$7.5BR16 Net cash provided by operating activities7,459 millions$7.5B ✓
Net cash from investing activities-$2.1BR30 Net cash used for investing activities(2,057) millions-$2.1B ✓
Net cash from financing activities-$4.6BR38 Net cash provided by (used for) financing activities(4,579) millions-$4.6B ✓

checks

  • assets = liabilities + equity · total assets equals total liabilities and equity
  • equity excludes minority interests · totalEquity excludes noncontrolling interests
  • net income is before preferred dividends · net income is not the after-preferred-dividends line
  • diluted EPS is for total net income · diluted EPS is for total net income
  • net income excludes minority interests · netIncome excludes noncontrolling interests
  • cash flows tie to the change in cash · operating + investing + financing (+ FX) equals the net change in cash

trace

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    "heading": " statement. 48 Table of Contents DEERE & COMPANY CONSOLIDATED BALANCE SHEETS As of November 2, 2025 and October 27, 2024",
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  2. 1cash flow agent1.65s · 1741 tokens · $0.0002
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Income statement

table #238 · current period is figure column 1
0202520242023
1Net Sales and Revenues
2Net sales← Total revenue38,91744,75955,565
3Finance and interest income5,7485,7594,683
4Other income1,0191,1981,003
5Total45,68451,71661,251
6Costs and Expenses
7Cost of sales28,15930,77537,715
8Research and development expenses2,3112,2902,177
9Selling, administrative and general expenses4,6634,8404,595
10Interest expense3,1703,3482,453
11Other operating expenses1,1241,2571,292
12Total39,42742,51048,232
13Income of Consolidated Group before Income Taxes6,2579,20613,019
14Provision for income taxes1,2592,0942,871
15Income of Consolidated Group4,9987,11210,148
16Equity in income (loss) of unconsolidated affiliates(24)7
17Net Income4,9987,08810,155
18Less: Net loss attributable to noncontrolling interests(29)(12)(11)
19Net Income Attributable to Deere & Company← Net income attributable to the company5,0277,10010,166
20Per Share Data
21Basic18.5525.7334.80
22Diluted← Diluted EPS18.5025.6234.63
23Dividends declared6.485.885.05
24Dividends paid6.335.764.83
25Average Shares Outstanding (in millions of shares)
26Basic270.9276.0292.2
27Diluted271.7277.1293.6

Balance sheet

table #240 · current period is figure column 1
020252024
1ASSETS
2Cash and cash equivalents← Cash and cash equivalents8,2767,324
3Marketable securities1,4111,154
4Trade accounts and notes receivable - net5,3175,326
5Financing receivables - net44,57544,309
6Financing receivables securitized - net6,8318,723
7Other receivables2,4032,545
8Equipment on operating leases - net7,6007,451
9Inventories7,4067,093
10Property and equipment - net8,0797,580
11Goodwill4,1883,959
12Other intangible assets - net892999
13Retirement benefits3,2732,921
14Deferred income taxes2,2842,086
15Other assets3,4612,906
16Assets held for sale2,944
17Total Assets← Total assets105,996107,320
18LIABILITIES AND STOCKHOLDERS’ EQUITY
19LIABILITIES
20Short-term borrowings13,79613,533
21Short-term securitization borrowings6,5968,431
22Accounts payable and accrued expenses13,90914,543
23Deferred income taxes434478
24Long-term borrowings43,54443,229
25Retirement benefits and other liabilities1,7102,354
26Liabilities held for sale1,827
27Total liabilities← Total liabilities79,98984,395
28Commitments and contingencies (Note 20)
29Redeemable noncontrolling interest (Note 2)5182
30STOCKHOLDERS’ EQUITY
31Common stock, $1 par value (authorized - 1,200,000,000 shares; issued - 536,431,204 shares in 2025 and 2024), at paid-in amount5,6685,489
32Common stock in treasury, 266,079,164 shares in 2025 and 264,678,912 shares in 2024, at cost(36,362)(35,349)
33Retained earnings59,67656,402
34Accumulated other comprehensive income (loss)(3,032)(3,706)
35Total Deere & Company stockholders’ equity← Total shareholders' equity attributable to the company25,95022,836
36Noncontrolling interests67
37Total stockholders’ equity25,95622,843
38Total Liabilities and Stockholders’ Equity105,996107,320

Cash flow statement

table #241 · current period is figure column 1
0202520242023
1Cash Flows from Operating Activities
2Net income4,9987,08810,155
3Adjustments to reconcile net income to net cash provided by operating activities:
4Provision (credit) for credit losses296310(16)
5Depreciation and amortization2,2292,1182,004
6Impairments and other adjustments41125191
7Share-based compensation expense151208130
8Credit for deferred income taxes(288)(294)(790)
9Changes in assets and liabilities:
10Receivables related to sales1,084421(4,253)
11Inventories(275)788279
12Accounts payable and accrued expenses(251)(1,040)830
13Accrued income taxes payable/receivable(136)(123)(23)
14Retirement benefits(865)(227)(170)
15Other475(143)252
16Net cash provided by operating activities← Net cash from operating activities7,4599,2318,589
17Cash Flows from Investing Activities
18Collections of receivables (excluding receivables related to sales)26,48025,16223,051
19Proceeds from maturities and sales of marketable securities486832186
20Proceeds from sales of equipment on operating leases1,9171,9291,981
21Cost of receivables acquired (excluding receivables related to sales)(26,340)(28,816)(28,772)
22Acquisitions of businesses, net of cash acquired(101)(82)
23Purchases of marketable securities(703)(1,055)(491)
24Purchases of property and equipment(1,360)(1,640)(1,498)
25Cost of equipment on operating leases acquired(2,868)(3,162)(2,970)
26Collections of receivables from unconsolidated affiliates507
27Loans to unconsolidated affiliates(109)
28Collateral on derivatives - net182413(12)
29Other(148)(127)(142)
30Net cash used for investing activities← Net cash from investing activities(2,057)(6,464)(8,749)
31Cash Flows from Financing Activities
32Net proceeds (payments) in short-term borrowings (original maturities three months or less)(2,539)(1,856)4,008
33Proceeds from borrowings issued (original maturities greater than three months)13,16118,09615,429
34Payments of borrowings (original maturities greater than three months)(12,264)(13,232)(7,913)
35Repurchases of common stock(1,138)(4,007)(7,216)
36Dividends paid(1,720)(1,605)(1,427)
37Other(79)(113)(73)
38Net cash provided by (used for) financing activities← Net cash from financing activities(4,579)(2,717)2,808
39Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash77(37)31
40Net Increase in Cash, Cash Equivalents, and Restricted Cash900132,679
41Cash, Cash Equivalents, and Restricted Cash at Beginning of Year7,6337,6204,941
42Cash, Cash Equivalents, and Restricted Cash at End of Year8,5337,6337,620
43Components of Cash, Cash Equivalents, and Restricted Cash
44Cash and cash equivalents8,2767,3247,458
45Cash, cash equivalents, and restricted cash (Assets held for sale - Note 4)116
46Restricted cash (Other assets)257193162
47Total Cash, Cash Equivalents, and Restricted Cash8,5337,6337,620