DE Q3 2016 Earnings Report — Deere & Company Revenue & Financial Results | Market Cap Arena

Deere & CompanyDE

Q3 2016 Earnings

Reported September 1, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2016	Q2 2016	Q3 2015	QoQ Change	YoY Change
Revenue	$6.5B	$7.7B	—	-15.8%	—
Op. Income	$681M	$767M	—	-11.2%	—
Gross Margin	30.9%	28.3%	—	2.5pp	—
Net Margin	7.5%	6.4%	—	1.1pp	—
EPS (Diluted)	$1.55	$1.56	—	-0.6%	—
Free Cash Flow	$951M	-$261M	—	464.4%	—

Revenue Flow

Item	Amount
REVENUE	$6.5B
Cost of Revenue	$4.5B
GROSS PROFIT	$2.0B
R&D Expenses	$339M
Selling & Marketing	$0
General & Administrative	$709M
SG&A Expenses	$709M
Other Expenses	$277M
Operating Expenses	$1.3B
Cost & Expenses	$5.8B
OPERATING INCOME	$681M
Interest Income	$0
Interest Expense	$201M
Other Income/Expenses	$34M
INCOME BEFORE TAX	$715M
Income Tax Expense	$227M
Net Income from Continuing Ops	$489M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$489M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$489M
D&A	$397M
EBIT	$906M
EBITDA	$1.3B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$6.5B
Cost of Revenue	$4.5B
GROSS PROFIT	$2.0B
R&D Expenses	$339M
Selling & Marketing	$0
General & Administrative	$709M
SG&A Expenses	$709M
Other Expenses	$277M
Operating Expenses	$1.3B
Cost & Expenses	$5.8B
OPERATING INCOME	$681M
Interest Income	$0
Interest Expense	$201M
Other Income/Expenses	$34M
INCOME BEFORE TAX	$715M
Income Tax Expense	$227M
Net Income from Continuing Ops	$489M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$489M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$489M
D&A	$397M
EBIT	$906M
EBITDA	$1.3B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$489M
Depreciation & Amortization	$397M
Stock-Based Compensation	$20M
Deferred Income Tax	$62M
Other Non-Cash Items	-$111M
Change in Working Capital	$776M
OPERATING CASH FLOW	$1.6B
Capital Expenditure	-$681M
Acquisitions (Net)	$81M
Purchases of Investments	-$38M
Sales/Maturities of Investments	$68M
Other Investing Activities	-$3M
NET CASH FROM INVESTING	-$572M
Net Debt Issuance	-$624M
Common Stock Repurchased	$0
Common Dividends Paid	-$189M
Other Financing Activities	-$24M
NET CASH FROM FINANCING	-$831M
FREE CASH FLOW	$951M
Net Change in Cash	$188M

Balance Sheet

Item	Amount
Cash & Equivalents	$4.3B
Short-Term Investments	$469M
Net Receivables	$33.3B
Inventory	$3.9B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$41.9B
PP&E (Net)	$10.7B
Goodwill	$824M
Intangible Assets	$110M
Long-Term Investments	$246M
Tax Assets	$2.6B
Other Non-Current Assets	$2.2B
TOTAL NON-CURRENT ASSETS	$16.7B
TOTAL ASSETS	$58.6B
Account Payables	$6.8B
Short-Term Debt	$13.1B
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$20.0B
Long-Term Debt	$24.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$172M
Other Non-Current Liabilities	$6.9B
TOTAL NON-CURRENT LIABILITIES	$31.2B
TOTAL LIABILITIES	$51.2B
Common Stock	$3.9B
Additional Paid-In Capital	$0
Retained Earnings	$23.8B
Treasury Stock	-$15.7B
Accum. Other Comp. Income	-$4.6B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$7.4B
Minority Interest	$26M
TOTAL EQUITY	$7.5B
TOTAL LIABILITIES & EQUITY	$58.6B
Total Debt	$37.2B
Net Debt	$32.9B