DE FY 2018 Earnings Report — Deere & Company Revenue & Financial Results | Market Cap Arena

Deere & CompanyDE

FY 2018 Earnings

Reported December 17, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$36.5B	—	$28.6B	—	27.4%
Op. Income	$4.4B	—	$2.9B	—	49.2%
Gross Margin	29.3%	—	30.0%	—	-0.7pp
Net Margin	6.5%	—	7.5%	—	-1.0pp
EPS (Diluted)	$7.24	—	$6.68	—	8.4%
Free Cash Flow	-$1.1B	—	-$393M	—	-187.8%

Revenue Flow

Item	Amount
REVENUE	$36.5B
Cost of Revenue	$25.8B
GROSS PROFIT	$10.7B
R&D Expenses	$1.7B
Selling & Marketing	$0
General & Administrative	$3.5B
SG&A Expenses	$3.5B
Other Expenses	$1.2B
Operating Expenses	$6.3B
Cost & Expenses	$32.1B
OPERATING INCOME	$4.4B
Interest Income	$0
Interest Expense	$1.2B
Other Income/Expenses	-$277M
INCOME BEFORE TAX	$4.1B
Income Tax Expense	$1.7B
Net Income from Continuing Ops	$2.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.4B
Net Income Deductions	-$400.0K
BOTTOM LINE NET INCOME	$2.4B
D&A	$1.9B
EBIT	$5.3B
EBITDA	$7.2B
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$36.5B
Cost of Revenue	$25.8B
GROSS PROFIT	$10.7B
R&D Expenses	$1.7B
Selling & Marketing	$0
General & Administrative	$3.5B
SG&A Expenses	$3.5B
Other Expenses	$1.2B
Operating Expenses	$6.3B
Cost & Expenses	$32.1B
OPERATING INCOME	$4.4B
Interest Income	$0
Interest Expense	$1.2B
Other Income/Expenses	-$277M
INCOME BEFORE TAX	$4.1B
Income Tax Expense	$1.7B
Net Income from Continuing Ops	$2.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.4B
Net Income Deductions	-$400.0K
BOTTOM LINE NET INCOME	$2.4B
D&A	$1.9B
EBIT	$5.3B
EBITDA	$7.2B
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$2.4B
Depreciation & Amortization	$1.9B
Stock-Based Compensation	$84M
Deferred Income Tax	$1.5B
Other Non-Cash Items	$32M
Change in Working Capital	-$4.1B
OPERATING CASH FLOW	$1.8B
Capital Expenditure	-$3.0B
Acquisitions (Net)	-$5.1B
Purchases of Investments	-$133M
Sales/Maturities of Investments	$77M
Other Investing Activities	-$59M
NET CASH FROM INVESTING	-$8.2B
Net Debt Issuance	$2.0B
Common Stock Repurchased	-$958M
Common Dividends Paid	-$806M
Other Financing Activities	$597M
NET CASH FROM FINANCING	$876M
FREE CASH FLOW	-$1.1B
Net Change in Cash	-$5.4B

Balance Sheet

Item	Amount
Cash & Equivalents	$3.9B
Short-Term Investments	$490M
Net Receivables	$36.1B
Inventory	$6.1B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$46.6B
PP&E (Net)	$13.0B
Goodwill	$3.1B
Intangible Assets	$1.6B
Long-Term Investments	$207M
Tax Assets	$808M
Other Non-Current Assets	$4.8B
TOTAL NON-CURRENT ASSETS	$23.5B
TOTAL ASSETS	$70.1B
Account Payables	$2.5B
Short-Term Debt	$15.0B
Deferred Revenue	$1.6B
Other Current Liabilities	$63M
TOTAL CURRENT LIABILITIES	$24.2B
Long-Term Debt	$27.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$556M
Other Non-Current Liabilities	$6.8B
TOTAL NON-CURRENT LIABILITIES	$34.6B
TOTAL LIABILITIES	$58.8B
Common Stock	$4.5B
Additional Paid-In Capital	$0
Retained Earnings	$27.6B
Treasury Stock	-$16.3B
Accum. Other Comp. Income	-$4.4B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$11.3B
Minority Interest	$17M
TOTAL EQUITY	$11.3B
TOTAL LIABILITIES & EQUITY	$70.1B
Total Debt	$42.3B
Net Debt	$38.4B