Deere & Co Files 10-Q for April 2024 Period
Ticker: DE · Form: 10-Q · Filed: May 30, 2024 · CIK: 315189
| Field | Detail |
|---|---|
| Company | Deere & CO (DE) |
| Form Type | 10-Q |
| Filed Date | May 30, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $1 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, earnings, agriculture
TL;DR
DEERE 10-Q FILED: Check Q2 2024 results & outlook.
AI Summary
Deere & Company filed its 10-Q for the period ending April 28, 2024. The company reported its financial results and provided updates on its business operations. Key financial figures and operational details are included in this filing.
Why It Matters
This filing provides investors with the latest financial performance and operational status of Deere & Company, a major player in the farm machinery and equipment sector.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing financial information.
Key Players & Entities
- DEERE & CO (company) — Filer
- 0000315189 (company) — Central Index Key
- 20240428 (date) — Conformed Period of Report
- MOLINE (location) — Business Address City
- IL (location) — Business Address State
FAQ
What is the reporting period for this 10-Q filing?
The conformed period of report is April 28, 2024.
What is the company's primary industry classification?
Deere & Company is classified under FARM MACHINERY & EQUIPMENT [3523].
Where is Deere & Company headquartered?
Deere & Company's business and mail address is One John Deere Place, Moline, IL 61265-8098.
What is the SEC file number for Deere & Company?
The SEC file number for Deere & Company is 001-04121.
When was this 10-Q filing submitted?
This 10-Q filing was submitted on May 30, 2024.
Filing Stats: 4,736 words · 19 min read · ~16 pages · Grade level 18.8 · Accepted 2024-05-30 15:57:36
Key Financial Figures
- $1 — ange on which registered Common stock, $1 par value DE New York Stock Exchang
Filing Documents
- de-20240428x10q.htm (10-Q) — 6186KB
- de-20240428xex10d1.htm (EX-10.1) — 904KB
- de-20240428xex10d2.htm (EX-10.2) — 1114KB
- de-20240428xex10d3.htm (EX-10.3) — 907KB
- de-20240428xex31d1.htm (EX-31.1) — 16KB
- de-20240428xex31d2.htm (EX-31.2) — 17KB
- de-20240428xex32.htm (EX-32) — 11KB
- de-20240428x10q005.jpg (GRAPHIC) — 16KB
- de-20240428x10q006.jpg (GRAPHIC) — 12KB
- de-20240428x10q007.jpg (GRAPHIC) — 17KB
- de-20240428x10q008.jpg (GRAPHIC) — 12KB
- de-20240428x10q009.jpg (GRAPHIC) — 24KB
- de-20240428x10q010.jpg (GRAPHIC) — 22KB
- de-20240428x10q011.jpg (GRAPHIC) — 21KB
- de-20240428x10q012.jpg (GRAPHIC) — 21KB
- de-20240428x10q013.jpg (GRAPHIC) — 22KB
- de-20240428x10q014.jpg (GRAPHIC) — 20KB
- 0001558370-24-008770.txt ( ) — 27417KB
- de-20240428.xsd (EX-101.SCH) — 84KB
- de-20240428_cal.xml (EX-101.CAL) — 108KB
- de-20240428_def.xml (EX-101.DEF) — 399KB
- de-20240428_lab.xml (EX-101.LAB) — 720KB
- de-20240428_pre.xml (EX-101.PRE) — 542KB
- de-20240428x10q_htm.xml (XML) — 6747KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
FINANCIAL STATEMENTS
Item 1. FINANCIAL STATEMENTS DEERE & COMPANY For the Three and Six Months Ended April 28, 2024 and April 30, 2023 (In millions of dollars and shares except per share amounts) Unaudited Three Months Ended Six Months Ended 2024 2023 2024 2023 Net Sales and Revenues Net sales $ 13,610 $ 16,079 $ 24,097 $ 27,481 Finance and interest income 1,387 1,079 2,746 2,073 Other income 238 229 577 484 Total 15,235 17,387 27,420 30,038 Costs and Expenses Cost of sales 9,157 10,730 16,357 18,663 Research and development expenses 565 547 1,098 1,043 Selling, administrative and general expenses 1,265 1,330 2,330 2,283 Interest expense 836 569 1,638 1,049 Other operating expenses 295 363 664 660 Total 12,118 13,539 22,087 23,698 Income of Consolidated Group before Income Taxes 3,117 3,848 5,333 6,340 Provision for income taxes 751 991 1,220 1,528 Income of Consolidated Group 2,366 2,857 4,113 4,812 Equity in income of unconsolidated affiliates 2 2 3 3 Net Income 2,368 2,859 4,116 4,815 Less: Net loss attributable to noncontrolling interests ( 2 ) ( 1 ) ( 5 ) ( 4 ) Net Income Attributable to Deere & Company $ 2,370 $ 2,860 $ 4,121 $ 4,819 Per Share Data Basic $ 8.56 $ 9.69 $ 14.80 $ 16.26 Diluted 8.53 9.65 14.74 16.18 Dividends declared 1.47 1.25 2.94 2.45 Dividends paid 1.47 1.20 2.82 2.33 Average Shares Outstanding Basic 276.8 295.1 278.4 296.3 Diluted 277.9 296.5 279.5 297.8 See Condensed Notes to Interim Consolidated Financial Statements. 2 DEERE & COMPANY For the Three and Six Months Ended April 28, 2024 and April 30, 2023 (In millions of dollars) Unaudited Three Months Ended Six Months Ended 2024 2023 2024 2023 Net Income $ 2,368 $ 2,859 $