Deere John Capital Corp. Files 10-Q for Period Ending January 28, 2024

Sentiment: neutral

Topics: 10-Q, Deere John Capital Corp, Financial Report, Quarterly Earnings, SEC Filing

TL;DR

<b>Deere John Capital Corp. has filed its quarterly report (10-Q) for the period ending January 28, 2024, detailing its financial position.</b>

AI Summary

DEERE JOHN CAPITAL CORP filed a Quarterly Report (10-Q) with the SEC on February 29, 2024. Deere John Capital Corp. filed a 10-Q report for the period ending January 28, 2024. The filing covers financial information for the company, a subsidiary of Deere & Company. Key financial statement items such as retained earnings, noncontrolling interest, and common stock are detailed. The company's fiscal year ends on October 27th. The filing includes references to various accounting standards and debt classifications.

Why It Matters

For investors and stakeholders tracking DEERE JOHN CAPITAL CORP, this filing contains several important signals. This filing provides investors and analysts with up-to-date financial performance and position of Deere John Capital Corp., crucial for assessing its creditworthiness and financial health. Understanding the details within this 10-Q allows stakeholders to evaluate the company's debt structure, equity, and overall financial stability, which can impact the parent company, Deere & Company.

Risk Assessment

Risk Level: low — DEERE JOHN CAPITAL CORP shows low risk based on this filing. The filing is a standard 10-Q, which is a routine quarterly report for publicly traded companies, indicating no immediate or unusual risks beyond normal business operations.

Analyst Insight

Monitor future filings for trends in retained earnings, noncontrolling interest, and common stock to understand capital structure changes.

Key Numbers

Key Players & Entities

FAQ

When did DEERE JOHN CAPITAL CORP file this 10-Q?

DEERE JOHN CAPITAL CORP filed this Quarterly Report (10-Q) with the SEC on February 29, 2024.

What is a 10-Q filing?

A 10-Q is a quarterly financial report with unaudited financials, management discussion, and interim business updates. This particular 10-Q was filed by DEERE JOHN CAPITAL CORP.

Where can I read the original 10-Q filing from DEERE JOHN CAPITAL CORP?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by DEERE JOHN CAPITAL CORP.

What are the key takeaways from DEERE JOHN CAPITAL CORP's 10-Q?

DEERE JOHN CAPITAL CORP filed this 10-Q on February 29, 2024. Key takeaways: Deere John Capital Corp. filed a 10-Q report for the period ending January 28, 2024.. The filing covers financial information for the company, a subsidiary of Deere & Company.. Key financial statement items such as retained earnings, noncontrolling interest, and common stock are detailed..

Is DEERE JOHN CAPITAL CORP a risky investment based on this filing?

Based on this 10-Q, DEERE JOHN CAPITAL CORP presents a relatively low-risk profile. The filing is a standard 10-Q, which is a routine quarterly report for publicly traded companies, indicating no immediate or unusual risks beyond normal business operations.

What should investors do after reading DEERE JOHN CAPITAL CORP's 10-Q?

Monitor future filings for trends in retained earnings, noncontrolling interest, and common stock to understand capital structure changes. The overall sentiment from this filing is neutral.

Key Dates

Glossary

10-Q
A quarterly financial report required by the U.S. Securities and Exchange Commission (SEC). (Provides a snapshot of the company's financial performance and position during the quarter.)
Retained Earnings
The cumulative earnings of a company that have not been distributed to shareholders as dividends. (Indicates the company's ability to reinvest profits back into the business.)
Noncontrolling Interest
The portion of equity interest in a subsidiary that is not attributable to the parent company. (Shows the ownership stake of external parties in the company's subsidiaries.)

Filing Stats: 4,352 words · 17 min read · ~15 pages · Grade level 6.6 · Accepted 2024-02-29 13:29:38

Filing Documents

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements . John Deere Capital Corporation and Subsidiaries (Unaudited) (in millions) Three Months Ended January 28 January 29 2024 2023 Revenues Finance income earned on retail notes $ 452.3 $ 330.0 Lease revenues 264.8 242.5 Revolving charge account income 105.2 82.9 Finance income earned on wholesale receivables 271.1 151.5 Other income 67.1 29.6 Total revenues 1,160.5 836.5 Expenses Interest expense 571.4 301.0 Operating expenses: Depreciation of equipment on operating leases 167.2 164.5 Administrative and operating expenses 132.2 136.7 Fees and interest paid to John Deere 57.1 57.6 Provision for credit losses 21.0 3.5 Total operating expenses 377.5 362.3 Total expenses 948.9 663.3 Income of Consolidated Group before Income Taxes 211.6 173.2 Provision for income taxes 38.9 36.8 Income of Consolidated Group 172.7 136.4 Equity in income of unconsolidated affiliate 1.3 1.0 Net Income 174.0 137.4 Less: Net loss attributable to noncontrolling interests ( .5 ) ( .2 ) Net Income Attributable to the Company $ 174.5 $ 137.6 See Condensed Notes to Interim Consolidated Financial Statements. 2 John Deere Capital Corporation and Subsidiaries (Unaudited) (in millions) Three Months Ended January 28 January 29 2024 2023 Net Income $ 174.0 $ 137.4 Other Comprehensive Income (Loss), Net of Income Taxes Cumulative translation adjustment 26.8 66.2 Unrealized loss on derivatives ( 15.6 ) ( 14.3 ) Unrealized gain on debt securities .6 .4 Other Comprehensive Income (Loss), Net of Income Taxes 11.8 52.3 Comprehensive Income of Consolidated Group 185.8 189.7 Less: Comprehensive loss attributable to noncontrolling interests ( .5 ) ( .2 ) Comprehensive Income Attributable to the Company $ 186.3 $ 189.

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