DE FY 2017 Earnings Report — Deere & Company Revenue & Financial Results | Market Cap Arena

Deere & CompanyDE

FY 2017 Earnings

Reported December 18, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$28.6B	—	$25.9B	—	10.5%
Op. Income	$2.9B	—	$2.2B	—	30.7%
Gross Margin	30.0%	—	29.1%	—	0.9pp
Net Margin	7.5%	—	5.9%	—	1.7pp
EPS (Diluted)	$6.68	—	$4.81	—	38.9%
Free Cash Flow	-$393M	—	$809M	—	-148.5%

Revenue Flow

Item	Amount
REVENUE	$28.6B
Cost of Revenue	$20.0B
GROSS PROFIT	$8.6B
R&D Expenses	$1.4B
Selling & Marketing	$0
General & Administrative	$3.1B
SG&A Expenses	$3.1B
Other Expenses	$1.1B
Operating Expenses	$5.7B
Cost & Expenses	$25.7B
OPERATING INCOME	$2.9B
Interest Income	$0
Interest Expense	$899M
Other Income/Expenses	$198M
INCOME BEFORE TAX	$3.1B
Income Tax Expense	$971M
Net Income from Continuing Ops	$2.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$100.0K
NET INCOME	$2.2B
Net Income Deductions	-$600.0K
BOTTOM LINE NET INCOME	$2.2B
D&A	$1.7B
EBIT	$4.1B
EBITDA	$5.8B
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$28.6B
Cost of Revenue	$20.0B
GROSS PROFIT	$8.6B
R&D Expenses	$1.4B
Selling & Marketing	$0
General & Administrative	$3.1B
SG&A Expenses	$3.1B
Other Expenses	$1.1B
Operating Expenses	$5.7B
Cost & Expenses	$25.7B
OPERATING INCOME	$2.9B
Interest Income	$0
Interest Expense	$899M
Other Income/Expenses	$198M
INCOME BEFORE TAX	$3.1B
Income Tax Expense	$971M
Net Income from Continuing Ops	$2.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$100.0K
NET INCOME	$2.2B
Net Income Deductions	-$600.0K
BOTTOM LINE NET INCOME	$2.2B
D&A	$1.7B
EBIT	$4.1B
EBITDA	$5.8B
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$2.2B
Depreciation & Amortization	$1.7B
Stock-Based Compensation	$68M
Deferred Income Tax	$100M
Other Non-Cash Items	-$551M
Change in Working Capital	-$1.3B
OPERATING CASH FLOW	$2.2B
Capital Expenditure	-$2.6B
Acquisitions (Net)	-$170M
Purchases of Investments	-$118M
Sales/Maturities of Investments	$404M
Other Investing Activities	$832M
NET CASH FROM INVESTING	-$1.6B
Net Debt Issuance	$3.3B
Common Stock Repurchased	-$6M
Common Dividends Paid	-$764M
Other Financing Activities	$1.8B
NET CASH FROM FINANCING	$4.3B
FREE CASH FLOW	-$393M
Net Change in Cash	$5.0B

Balance Sheet

Item	Amount
Cash & Equivalents	$9.3B
Short-Term Investments	$452M
Net Receivables	$33.2B
Inventory	$3.9B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$46.9B
PP&E (Net)	$11.7B
Goodwill	$1.0B
Intangible Assets	$218M
Long-Term Investments	$183M
Tax Assets	$2.4B
Other Non-Current Assets	$3.4B
TOTAL NON-CURRENT ASSETS	$18.9B
TOTAL ASSETS	$65.8B
Account Payables	$2.1B
Short-Term Debt	$14.2B
Deferred Revenue	$1.3B
Other Current Liabilities	$55M
TOTAL CURRENT LIABILITIES	$21.8B
Long-Term Debt	$25.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$210M
Other Non-Current Liabilities	$8.3B
TOTAL NON-CURRENT LIABILITIES	$34.4B
TOTAL LIABILITIES	$56.2B
Common Stock	$4.3B
Additional Paid-In Capital	$0
Retained Earnings	$25.3B
Treasury Stock	-$15.5B
Accum. Other Comp. Income	-$4.6B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$9.6B
Minority Interest	$17M
TOTAL EQUITY	$9.6B
TOTAL LIABILITIES & EQUITY	$65.8B
Total Debt	$40.0B
Net Debt	$30.7B