DE FY 2015 Earnings Report — Deere & Company Revenue & Financial Results | Market Cap Arena

Deere & CompanyDE

FY 2015 Earnings

Reported December 18, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$28.2B	—	$35.2B	—	-20.1%
Op. Income	$2.8B	—	$4.6B	—	-40.6%
Gross Margin	27.9%	—	29.3%	—	-1.4pp
Net Margin	6.9%	—	9.0%	—	-2.1pp
EPS (Diluted)	$5.77	—	$8.63	—	-33.1%
Free Cash Flow	$914M	—	$867M	—	5.5%

Revenue Flow

Item	Amount
REVENUE	$28.2B
Cost of Revenue	$20.3B
GROSS PROFIT	$7.9B
R&D Expenses	$1.4B
Selling & Marketing	$0
General & Administrative	$2.9B
SG&A Expenses	$2.9B
Other Expenses	$801M
Operating Expenses	$5.1B
Cost & Expenses	$25.4B
OPERATING INCOME	$2.8B
Interest Income	$0
Interest Expense	$680M
Other Income/Expenses	$27M
INCOME BEFORE TAX	$2.8B
Income Tax Expense	$840M
Net Income from Continuing Ops	$1.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.9B
D&A	$1.4B
EBIT	$3.5B
EBITDA	$4.8B
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$28.2B
Cost of Revenue	$20.3B
GROSS PROFIT	$7.9B
R&D Expenses	$1.4B
Selling & Marketing	$0
General & Administrative	$2.9B
SG&A Expenses	$2.9B
Other Expenses	$801M
Operating Expenses	$5.1B
Cost & Expenses	$25.4B
OPERATING INCOME	$2.8B
Interest Income	$0
Interest Expense	$680M
Other Income/Expenses	$27M
INCOME BEFORE TAX	$2.8B
Income Tax Expense	$840M
Net Income from Continuing Ops	$1.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.9B
D&A	$1.4B
EBIT	$3.5B
EBITDA	$4.8B
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$1.9B
Depreciation & Amortization	$1.4B
Stock-Based Compensation	$66M
Deferred Income Tax	-$18M
Other Non-Cash Items	$129M
Change in Working Capital	$240M
OPERATING CASH FLOW	$3.7B
Capital Expenditure	-$2.8B
Acquisitions (Net)	$149M
Purchases of Investments	-$155M
Sales/Maturities of Investments	$861M
Other Investing Activities	$912M
NET CASH FROM INVESTING	-$1.1B
Net Debt Issuance	$848M
Common Stock Repurchased	-$2.8B
Common Dividends Paid	-$816M
Other Financing Activities	$620M
NET CASH FROM FINANCING	-$2.1B
FREE CASH FLOW	$914M
Net Change in Cash	$375M

Balance Sheet

Item	Amount
Cash & Equivalents	$4.2B
Short-Term Investments	$437M
Net Receivables	$32.7B
Inventory	$3.8B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$41.1B
PP&E (Net)	$10.2B
Goodwill	$726M
Intangible Assets	$64M
Long-Term Investments	$304M
Tax Assets	$2.8B
Other Non-Current Assets	$2.8B
TOTAL NON-CURRENT ASSETS	$16.8B
TOTAL ASSETS	$57.9B
Account Payables	$1.4B
Short-Term Debt	$13.0B
Deferred Revenue	$1.1B
Other Current Liabilities	$71M
TOTAL CURRENT LIABILITIES	$19.3B
Long-Term Debt	$23.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$161M
Other Non-Current Liabilities	$7.9B
TOTAL NON-CURRENT LIABILITIES	$31.9B
TOTAL LIABILITIES	$51.2B
Common Stock	$3.8B
Additional Paid-In Capital	$0
Retained Earnings	$23.1B
Treasury Stock	-$15.5B
Accum. Other Comp. Income	-$4.7B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$6.7B
Minority Interest	$14M
TOTAL EQUITY	$6.8B
TOTAL LIABILITIES & EQUITY	$57.9B
Total Debt	$36.9B
Net Debt	$32.7B