Deere & Co Files 10-Q for July 28, 2024 Period

TL;DR

Deere's 10-Q is in for 7/28/24. Check financials for farm equipment giant.

AI Summary

Deere & Company filed its 10-Q for the period ending July 28, 2024. The filing details the company's financial performance and operational status. Key financial figures and business segments are outlined, providing insight into the company's current standing in the farm machinery and equipment sector.

Why It Matters

This filing provides investors and analysts with the latest financial data for Deere & Company, crucial for understanding the company's performance in the agricultural equipment market.

Risk Assessment

Risk Level: medium — The filing is a standard quarterly report, but the agricultural sector can be subject to significant economic and weather-related risks.

Key Players & Entities

• DEERE & CO (company) — Filer
• 20240728 (date) — Conformed Period of Report
• 20240829 (date) — Filed as of Date
• MOLINE (location) — Business Address City
• IL (location) — Business Address State
• FARM MACHINERY & EQUIPMENT (industry) — Standard Industrial Classification

FAQ

Key Financial Figures

• $1 — ange on which registered Common stock, $1 par value DE New York Stock Exchang

Filing Documents

• de-20240728x10q.htm (10-Q) — 6528KB
• de-20240728xex31d1.htm (EX-31.1) — 16KB
• de-20240728xex31d2.htm (EX-31.2) — 17KB
• de-20240728xex32.htm (EX-32) — 11KB
• de-20240728x10q005.jpg (GRAPHIC) — 16KB
• de-20240728x10q006.jpg (GRAPHIC) — 10KB
• de-20240728x10q007.jpg (GRAPHIC) — 17KB
• de-20240728x10q008.jpg (GRAPHIC) — 12KB
• de-20240728x10q009.jpg (GRAPHIC) — 26KB
• de-20240728x10q010.jpg (GRAPHIC) — 24KB
• de-20240728x10q011.jpg (GRAPHIC) — 24KB
• de-20240728x10q012.jpg (GRAPHIC) — 24KB
• de-20240728x10q013.jpg (GRAPHIC) — 25KB
• de-20240728x10q014.jpg (GRAPHIC) — 25KB
• 0001558370-24-012529.txt ( ) — 26072KB
• de-20240728.xsd (EX-101.SCH) — 94KB
• de-20240728_cal.xml (EX-101.CAL) — 119KB
• de-20240728_def.xml (EX-101.DEF) — 463KB
• de-20240728_lab.xml (EX-101.LAB) — 829KB
• de-20240728_pre.xml (EX-101.PRE) — 632KB
• de-20240728x10q_htm.xml (XML) — 7306KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

FINANCIAL STATEMENTS

Item 1. FINANCIAL STATEMENTS DEERE & COMPANY For the Three and Nine Months Ended July 28, 2024 and July 30, 2023 (In millions of dollars and shares except per share amounts) Unaudited Three Months Ended Nine Months Ended 2024 2023 2024 2023 Net Sales and Revenues Net sales $ 11,387 $ 14,284 $ 35,484 $ 41,765 Finance and interest income 1,461 1,253 4,207 3,326 Other income 304 264 881 748 Total 13,152 15,801 40,572 45,839 Costs and Expenses Cost of sales 7,848 9,624 24,205 28,288 Research and development expenses 567 528 1,664 1,571 Selling, administrative and general expenses 1,278 1,110 3,608 3,392 Interest expense 840 623 2,478 1,671 Other operating expenses 264 310 930 971 Total 10,797 12,195 32,885 35,893 Income of Consolidated Group before Income Taxes 2,355 3,606 7,687 9,946 Provision for income taxes 625 636 1,845 2,164 Income of Consolidated Group 1,730 2,970 5,842 7,782 Equity in income of unconsolidated affiliates 1 2 4 5 Net Income 1,731 2,972 5,846 7,787 Less: Net loss attributable to noncontrolling interests ( 3 ) ( 6 ) ( 9 ) ( 10 ) Net Income Attributable to Deere & Company $ 1,734 $ 2,978 $ 5,855 $ 7,797 Per Share Data Basic $ 6.32 $ 10.24 $ 21.13 $ 26.48 Diluted 6.29 10.20 21.04 26.35 Dividends declared 1.47 1.25 4.41 3.70 Dividends paid 1.47 1.25 4.29 3.58 Average Shares Outstanding Basic 274.5 290.8 277.1 294.4 Diluted 275.6 292.1 278.2 295.9 See Condensed Notes to Interim Consolidated Financial Statements. 2 DEERE & COMPANY For the Three and Nine Months Ended July 28, 2024 and July 30, 2023 (In millions of dollars) Unaudited Three Months Ended Nine Months Ended 2024 2023 2024 2023 Net Income $ 1,731 $ 2,972

View Full Filing

View this 10-Q filing on SEC EDGAR