DE FY 2016 Earnings Report — Deere & Company Revenue & Financial Results | Market Cap Arena

Deere & CompanyDE

FY 2016 Earnings

Reported December 19, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$25.9B	—	$28.2B	—	-8.0%
Op. Income	$2.2B	—	$2.8B	—	-18.6%
Gross Margin	29.1%	—	27.9%	—	1.2pp
Net Margin	5.9%	—	6.9%	—	-1.0pp
EPS (Diluted)	$4.81	—	$5.77	—	-16.6%
Free Cash Flow	$809M	—	$914M	—	-11.5%

Revenue Flow

Item	Amount
REVENUE	$25.9B
Cost of Revenue	$18.4B
GROSS PROFIT	$7.5B
R&D Expenses	$1.4B
Selling & Marketing	$0
General & Administrative	$2.8B
SG&A Expenses	$2.8B
Other Expenses	$1.1B
Operating Expenses	$5.3B
Cost & Expenses	$23.7B
OPERATING INCOME	$2.2B
Interest Income	$0
Interest Expense	$764M
Other Income/Expenses	-$21M
INCOME BEFORE TAX	$2.2B
Income Tax Expense	$700M
Net Income from Continuing Ops	$1.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.5B
D&A	$1.6B
EBIT	$3.0B
EBITDA	$4.5B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$25.9B
Cost of Revenue	$18.4B
GROSS PROFIT	$7.5B
R&D Expenses	$1.4B
Selling & Marketing	$0
General & Administrative	$2.8B
SG&A Expenses	$2.8B
Other Expenses	$1.1B
Operating Expenses	$5.3B
Cost & Expenses	$23.7B
OPERATING INCOME	$2.2B
Interest Income	$0
Interest Expense	$764M
Other Income/Expenses	-$21M
INCOME BEFORE TAX	$2.2B
Income Tax Expense	$700M
Net Income from Continuing Ops	$1.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.5B
D&A	$1.6B
EBIT	$3.0B
EBITDA	$4.5B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$1.5B
Depreciation & Amortization	$1.6B
Stock-Based Compensation	$56M
Deferred Income Tax	$283M
Other Non-Cash Items	$30M
Change in Working Capital	$314M
OPERATING CASH FLOW	$3.8B
Capital Expenditure	-$3.0B
Acquisitions (Net)	-$117M
Purchases of Investments	-$171M
Sales/Maturities of Investments	$169M
Other Investing Activities	$1.9B
NET CASH FROM INVESTING	-$1.2B
Net Debt Issuance	-$1.4B
Common Stock Repurchased	-$205M
Common Dividends Paid	-$761M
Other Financing Activities	-$29M
NET CASH FROM FINANCING	-$2.4B
FREE CASH FLOW	$809M
Net Change in Cash	$174M

Balance Sheet

Item	Amount
Cash & Equivalents	$4.3B
Short-Term Investments	$454M
Net Receivables	$31.9B
Inventory	$3.3B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$40.0B
PP&E (Net)	$11.1B
Goodwill	$816M
Intangible Assets	$104M
Long-Term Investments	$233M
Tax Assets	$3.0B
Other Non-Current Assets	$2.7B
TOTAL NON-CURRENT ASSETS	$17.9B
TOTAL ASSETS	$57.9B
Account Payables	$1.6B
Short-Term Debt	$11.9B
Deferred Revenue	$1.1B
Other Current Liabilities	$52M
TOTAL CURRENT LIABILITIES	$18.4B
Long-Term Debt	$23.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$166M
Other Non-Current Liabilities	$9.1B
TOTAL NON-CURRENT LIABILITIES	$33.0B
TOTAL LIABILITIES	$51.4B
Common Stock	$3.9B
Additional Paid-In Capital	$0
Retained Earnings	$23.9B
Treasury Stock	-$15.7B
Accum. Other Comp. Income	-$5.6B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$6.5B
Minority Interest	$25M
TOTAL EQUITY	$6.5B
TOTAL LIABILITIES & EQUITY	$57.9B
Total Debt	$35.6B
Net Debt	$31.3B