Deere & Co's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Nov 2, 2025 · FY), Deere & Co reported revenue of $45.7B (-11.7% year on year) and net income of $5.0B (-29.2% year on year).
| Line item | Nov 2, 2025 · FY | Oct 27, 2024 · FY | Oct 29, 2023 · FY | Oct 30, 2022 · FY |
|---|---|---|---|---|
| Net sales and revenues | $45.7B | $51.7B | $61.3B | $52.6B |
| Cost of sales | $28.2B | $30.8B | $37.7B | $35.3B |
| Research and development expenses | $2.3B | $2.3B | $2.2B | $1.9B |
| Selling, administrative and general expenses | $4.7B | $4.8B | $4.6B | $3.9B |
| Interest expense | $3.2B | $3.3B | $2.5B | $1.1B |
| Other operating expenses | $1.1B | $1.3B | $1.3B | $1.3B |
| Total | $39.4B | $42.5B | $48.2B | $43.5B |
| Income of Consolidated Group before Income Taxes | $6.3B | $9.2B | $13.0B | $9.1B |
| Provision for income taxes | $1.3B | $2.1B | $2.9B | $2.0B |
| Income of Consolidated Group | $5.0B | $7.1B | $10.1B | $7.1B |
| Net Income | $5.0B | $7.1B | $10.2B | $7.1B |
| Less: Net loss attributable to noncontrolling interests | ($29.0M) | ($12.0M) | ($11.0M) | ($1.0M) |
| Net Income Attributable to Deere & Company | $5.0B | $7.1B | $10.2B | $7.1B |
| Basic (in dollars per share) | $18.55 | $25.73 | $34.80 | $23.42 |
| Diluted (in dollars per share) | $18.50 | $25.62 | $34.63 | $23.28 |
| Dividends declared (in dollars per share) | $6.48 | $5.88 | $5.05 | $4.36 |
| Dividends paid (in dollars per share) | $6.33 | $5.76 | $4.83 | $4.28 |
| Basic (in shares) | 270.9M | 276.0M | 292.2M | 304.5M |
| Diluted (in shares) | 271.7M | 277.1M | 293.6M | 306.3M |
| Line item | Aug 2, 2026 · Q3 | May 3, 2026 · Q2 | Feb 1, 2026 · Q1 | Jul 27, 2025 · Q3 |
|---|---|---|---|---|
| Net sales and revenues | $12.6B | $13.4B | $9.6B | $12.0B |
| Cost of sales | $7.9B | $8.3B | $6.3B | $7.6B |
| Research and development expenses | $567.0M | $583.0M | $554.0M | $556.0M |
| Selling, administrative and general expenses | $1.2B | $1.2B | $972.0M | $1.2B |
| Interest expense | $710.0M | $712.0M | $719.0M | $794.0M |
| Other operating expenses | $290.0M | $306.0M | $250.0M | $281.0M |
| Total | $10.7B | $11.1B | $8.8B | $10.4B |
| Income of Consolidated Group before Income Taxes | $1.9B | $2.3B | $836.0M | $1.6B |
| Provision for income taxes | $529.0M | $518.0M | $196.0M | $339.0M |
| Income of Consolidated Group | $1.4B | $1.8B | $640.0M | $1.3B |
| Equity in income of unconsolidated affiliates | $24.0M | ($5.0M) | $15.0M | $10.0M |
| Net Income | $1.4B | $1.8B | $655.0M | $1.3B |
| Less: Net loss attributable to noncontrolling interests | ($2.0M) | ($3.0M) | ($1.0M) | ($18.0M) |
| Net Income Attributable to Deere & Company | $1.4B | $1.8B | $656.0M | $1.3B |
| Basic (in dollars per share) | $5.11 | $6.57 | $2.43 | $4.76 |
| Diluted (in dollars per share) | $5.10 | $6.55 | $2.42 | $4.75 |
| Dividends declared (in dollars per share) | $1.62 | $1.62 | $1.62 | $1.62 |
| Dividends paid (in dollars per share) | $1.62 | $1.62 | $1.62 | $1.62 |
| Basic (in shares) | 269.8M | 270.1M | 270.3M | 270.7M |
| Diluted (in shares) | 270.7M | 270.8M | 270.9M | 271.4M |
| Line item | Nov 2, 2025 · FY | Oct 27, 2024 · FY | Oct 29, 2023 · FY | Oct 30, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $8.3B | $7.3B | $7.5B | $4.8B |
| Marketable securities | $1.4B | $1.2B | $946.0M | $734.0M |
| Trade accounts and notes receivable - net | $5.3B | $5.3B | $7.7B | $6.4B |
| Financing receivables - net | $51.4B | $53.0B | $51.0B | $42.6B |
| Other receivables | $2.4B | $2.5B | $2.6B | $2.5B |
| Equipment on operating leases - net | $7.6B | $7.5B | $6.9B | $6.6B |
| Inventories | $7.4B | $7.1B | $8.2B | $8.5B |
| Property and equipment - net | $8.1B | $7.6B | $6.9B | $6.1B |
| Goodwill | $4.2B | $4.0B | $3.9B | $3.7B |
| Other intangible assets - net | $892.0M | $999.0M | $1.1B | $1.2B |
| Retirement benefits | $3.3B | $2.9B | $3.0B | $3.7B |
| Deferred income taxes | $2.3B | $2.1B | $1.8B | $824.0M |
| Other assets | $3.5B | $2.9B | $2.5B | $2.4B |
| Total Assets | $106.0B | $107.3B | $104.1B | $90.0B |
| Short-term borrowings | $13.8B | $13.5B | $17.9B | $12.6B |
| Short-term securitization borrowings | $6.6B | $8.4B | $7.0B | $5.7B |
| Accounts payable and accrued expenses | $13.9B | $14.5B | $16.1B | $14.8B |
| Deferred income taxes | $434.0M | $478.0M | $520.0M | $495.0M |
| Long-term borrowings | $43.5B | $43.2B | $38.5B | $33.6B |
| Retirement benefits and other liabilities | $1.7B | $2.4B | $2.1B | $2.5B |
| Total liabilities | $80.0B | $84.4B | $82.2B | $69.7B |
| Redeemable noncontrolling interest (Note 2) | $51.0M | $82.0M | $97.0M | $92.0M |
| Common stock, $1 par value (authorized - 1,200,000,000 shares; issued - 536,431,204 shares in 2025 and 2024), at paid-in amount | 5.7B | 5.5B | 5.3B | 5.2B |
| Common stock in treasury, 266,079,164 shares in 2025 and 264,678,912 shares in 2024, at cost | -36.4B | -35.3B | -31.3B | -24.1B |
| Retained earnings | $59.7B | $56.4B | $50.9B | $42.2B |
| Accumulated other comprehensive income (loss) | ($3.0B) | ($3.7B) | ($3.1B) | ($3.1B) |
| Total Deere & Company stockholders' equity | $25.9B | $22.8B | $21.8B | $20.3B |
| Noncontrolling interests | $6.0M | $7.0M | $4.0M | $3.0M |
| Total stockholders' equity | $26.0B | $22.8B | $21.8B | $20.3B |
| Total Liabilities and Stockholders' Equity | $106.0B | $107.3B | $104.1B | $90.0B |
| Line item | Aug 2, 2026 | May 3, 2026 | Feb 1, 2026 | Jul 27, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $8.9B | $7.9B | $6.8B | $8.6B |
| Marketable securities | $1.4B | $1.4B | $1.4B | $1.4B |
| Trade accounts and notes receivable - net | $7.7B | $7.6B | $6.0B | $6.1B |
| Financing receivables - net | $49.2B | $49.0B | $48.6B | $51.9B |
| Other receivables | $2.5B | $2.6B | $2.4B | $2.8B |
| Equipment on operating leases - net | $7.4B | $7.5B | $7.5B | $7.5B |
| Inventories | $7.8B | $8.2B | $8.3B | $7.7B |
| Property and equipment - net | $8.0B | $8.0B | $8.1B | $7.7B |
| Goodwill | $4.5B | $4.5B | $4.3B | $4.2B |
| Other intangible assets - net | $940.0M | $975.0M | $880.0M | $926.0M |
| Retirement benefits | $3.5B | $3.5B | $3.4B | $3.2B |
| Deferred income taxes | $2.3B | $2.4B | $2.3B | $2.2B |
| Other assets | $3.5B | $3.5B | $3.6B | $3.6B |
| Total Assets | $107.6B | $107.0B | $103.4B | $107.8B |
| Short-term borrowings | $17.1B | $15.6B | $14.4B | $14.6B |
| Short-term securitization borrowings | $6.1B | $5.9B | $6.3B | $7.6B |
| Accounts payable and accrued expenses | $13.7B | $13.7B | $12.5B | $13.6B |
| Deferred income taxes | $411.0M | $422.0M | $434.0M | $489.0M |
| Long-term borrowings | $40.6B | $42.3B | $41.8B | $44.4B |
| Retirement benefits and other liabilities | $1.7B | $1.6B | $1.6B | $1.8B |
| Total liabilities | $79.6B | $79.5B | $77.1B | $82.6B |
| Redeemable noncontrolling interest | $44.0M | $47.0M | $50.0M | $84.0M |
| Common stock, $1 par value (issued shares at August 2, 2026 - 536,431,204) | 5.8B | 5.8B | 5.7B | 5.6B |
| Common stock in treasury | ($37.0B) | ($36.8B) | ($36.6B) | ($36.4B) |
| Retained earnings | $62.2B | $61.2B | $59.9B | $59.0B |
| Accumulated other comprehensive income (loss) | ($3.0B) | ($2.8B) | ($2.7B) | ($3.1B) |
| Total Deere & Company stockholders' equity | $28.0B | $27.4B | $26.3B | $25.2B |
| Noncontrolling interests | $7.0M | $7.0M | $7.0M | $5.0M |
| Total stockholders' equity | $28.0B | $27.4B | $26.3B | $25.2B |
| Total Liabilities and Stockholders' Equity | $107.6B | $107.0B | $103.4B | $107.8B |
| Line item | Nov 2, 2025 · FY | Oct 27, 2024 · FY | Oct 29, 2023 · FY | Oct 30, 2022 · FY |
|---|---|---|---|---|
| Net income | $5.0B | $7.1B | $10.2B | $7.1B |
| Provision (credit) for credit losses | $296.0M | $310.0M | ($16.0M) | $192.0M |
| Depreciation and amortization | $2.2B | $2.1B | $2.0B | $1.9B |
| Impairments and other adjustments | $41.0M | $125.0M | $191.0M | — |
| Share-based compensation expense | $151.0M | $208.0M | $130.0M | $85.0M |
| Credit for deferred income taxes | ($288.0M) | ($294.0M) | ($790.0M) | ($66.0M) |
| Receivables related to sales | $1.1B | $421.0M | ($4.3B) | ($2.5B) |
| Inventories | ($275.0M) | $788.0M | $279.0M | ($2.1B) |
| Accounts payable and accrued expenses | ($251.0M) | ($1.0B) | $830.0M | $1.1B |
| Accrued income taxes payable/receivable | ($136.0M) | ($123.0M) | ($23.0M) | $141.0M |
| Retirement benefits | ($865.0M) | ($227.0M) | ($170.0M) | ($1.0B) |
| Other | $475.0M | ($143.0M) | $252.0M | $16.0M |
| Net cash provided by operating activities | $7.5B | $9.2B | $8.6B | $4.7B |
| Collections of receivables (excluding receivables related to sales) | $26.5B | $25.2B | $23.1B | $20.9B |
| Proceeds from maturities and sales of marketable securities | $486.0M | $832.0M | — | — |
| Proceeds from sales of equipment on operating leases | $1.9B | $1.9B | $2.0B | $2.1B |
| Cost of receivables acquired (excluding receivables related to sales) | ($26.3B) | ($28.8B) | ($28.8B) | ($26.3B) |
| Acquisitions of businesses, net of cash acquired | ($101.0M) | — | ($82.0M) | ($498.0M) |
| Purchases of marketable securities | ($703.0M) | ($1.1B) | — | — |
| Purchases of property and equipment | ($1.4B) | ($1.6B) | ($1.5B) | ($1.1B) |
| Cost of equipment on operating leases acquired | ($2.9B) | ($3.2B) | ($3.0B) | ($2.7B) |
| Collections of receivables from unconsolidated affiliates | $507.0M | — | — | — |
| Loans to unconsolidated affiliates | ($109.0M) | — | — | — |
| Collateral on derivatives - net | $182.0M | $413.0M | ($12.0M) | ($642.0M) |
| Other | ($148.0M) | ($127.0M) | ($447.0M) | ($257.0M) |
| Net cash used for investing activities | ($2.1B) | ($6.5B) | ($8.7B) | ($8.5B) |
| Net proceeds (payments) in short-term borrowings (original maturities three months or less) | ($2.5B) | ($1.9B) | $4.0B | — |
| Proceeds from borrowings issued (original maturities greater than three months) | $13.2B | $18.1B | $15.4B | — |
| Payments of borrowings (original maturities greater than three months) | ($12.3B) | ($13.2B) | ($7.9B) | — |
| Repurchases of common stock | ($1.1B) | ($4.0B) | ($7.2B) | ($3.6B) |
| Dividends paid | ($1.7B) | ($1.6B) | ($1.4B) | ($1.3B) |
| Other | ($79.0M) | ($113.0M) | ($73.0M) | ($92.0M) |
| Net cash provided by (used for) financing activities | ($4.6B) | ($2.7B) | $2.8B | $826.0M |
| Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash | $77.0M | ($37.0M) | $31.0M | ($224.0M) |
| Net Increase in Cash, Cash Equivalents, and Restricted Cash | $900.0M | $13.0M | $2.7B | ($3.2B) |
| Cash, Cash Equivalents, and Restricted Cash at Beginning of Year | $7.6B | $7.6B | $4.9B | $8.1B |
| Cash, Cash Equivalents, and Restricted Cash at End of Year | $8.5B | $7.6B | $7.6B | $4.9B |
| Cash and cash equivalents | $8.3B | $7.3B | $7.5B | $4.8B |
| Restricted cash (Other assets) | $257.0M | $193.0M | $162.0M | $167.0M |
| Total Cash, Cash Equivalents, and Restricted Cash | $8.5B | $7.6B | $7.6B | $4.9B |
| Line item | Aug 2, 2026 · YTD | May 3, 2026 · YTD | Feb 1, 2026 · Q1 | Jul 27, 2025 · YTD |
|---|---|---|---|---|
| Net income | $3.8B | $2.4B | $655.0M | $3.9B |
| Provision for credit losses | $205.0M | $127.0M | $36.0M | $258.0M |
| Depreciation and amortization | $1.8B | $1.2B | $590.0M | $1.7B |
| Share-based compensation expense | $116.0M | $69.0M | $41.0M | $104.0M |
| Credit for deferred income taxes | ($61.0M) | ($68.0M) | $18.0M | ($102.0M) |
| Receivables related to sales | ($1.3B) | ($1.1B) | $350.0M | ($494.0M) |
| Inventories | ($443.0M) | ($738.0M) | ($746.0M) | ($526.0M) |
| Accounts payable and accrued expenses | ($266.0M) | ($333.0M) | ($1.5B) | ($717.0M) |
| Accrued income taxes payable/receivable | ($119.0M) | ($5.0M) | ($88.0M) | ($147.0M) |
| Retirement benefits | ($367.0M) | ($290.0M) | ($194.0M) | ($813.0M) |
| Other | ($152.0M) | ($245.0M) | ($66.0M) | $266.0M |
| Net cash provided by operating activities | $3.3B | $1.0B | ($890.0M) | $3.5B |
| Collections of receivables (excluding receivables related to sales) | $19.9B | $14.4B | $8.1B | $19.7B |
| Proceeds from maturities and sales of marketable securities | $389.0M | $258.0M | $144.0M | $359.0M |
| Proceeds from sales of equipment on operating leases | $1.5B | $1.0B | $377.0M | $1.4B |
| Cost of receivables acquired (excluding receivables related to sales) | ($19.1B) | ($13.2B) | ($6.0B) | ($19.0B) |
| Acquisitions of businesses, net of cash acquired | ($455.0M) | ($439.0M) | — | ($89.0M) |
| Purchases of marketable securities | ($361.0M) | ($284.0M) | ($129.0M) | ($598.0M) |
| Purchases of property and equipment | ($716.0M) | ($451.0M) | ($256.0M) | ($852.0M) |
| Cost of equipment on operating leases acquired | ($1.9B) | ($1.3B) | ($432.0M) | ($2.0B) |
| Collections of receivables from unconsolidated affiliates | $197.0M | $152.0M | $105.0M | $334.0M |
| Collateral on derivatives - net | ($63.0M) | ($8.0M) | ($11.0M) | $127.0M |
| Other | ($145.0M) | ($87.0M) | ($51.0M) | ($231.0M) |
| Net cash used for investing activities | ($825.0M) | $93.0M | $1.8B | ($801.0M) |
| Net proceeds (payments) in short-term borrowings (original maturities three months or less) | $3.2B | $2.2B | $848.0M | ($2.1B) |
| Proceeds from borrowings issued (original maturities greater than three months) | $5.4B | $3.5B | $780.0M | $10.7B |
| Payments of borrowings (original maturities greater than three months) | ($8.3B) | ($5.9B) | ($3.4B) | ($7.7B) |
| Repurchases of common stock | ($697.0M) | ($500.0M) | ($302.0M) | ($1.1B) |
| Dividends paid | ($1.3B) | ($878.0M) | ($441.0M) | ($1.3B) |
| Other | ($55.0M) | ($11.0M) | ($15.0M) | ($43.0M) |
| Net cash used for financing activities | ($1.8B) | ($1.6B) | ($2.5B) | ($1.6B) |
| Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash | $20.0M | $94.0M | $98.0M | $108.0M |
| Net Increase in Cash, Cash Equivalents, and Restricted Cash | $617.0M | ($398.0M) | ($1.5B) | $1.2B |
| Cash, Cash Equivalents, and Restricted Cash at Beginning of Period | $8.5B | $8.5B | $8.5B | $7.6B |
| Cash, Cash Equivalents, and Restricted Cash at End of Period | $9.2B | $8.1B | $7.1B | $8.8B |
| Cash and cash equivalents | $8.9B | $7.9B | $6.8B | $8.6B |
| Restricted cash (Other assets) | $222.0M | $230.0M | $275.0M | $267.0M |
| Total Cash, Cash Equivalents, and Restricted Cash | $9.2B | $8.1B | $7.1B | $8.8B |
Deere & Co score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.