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Deere & Co. – Company Information

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Deere & Company is an American corporation that focuses on developing, manufacturing, and marketing agricultural machinery, construction equipment and forestry equipment.

The company, based in Moline, Illinois, is publicly traded on the New York Stock Exchange (under the stock ticker symbol ‘DE’).

Deere is comprised of three main business segments:

Agriculture and Turf – provides a wide range of agriculture and turf equipment, including large, medium and utility tractors, loaders, combines, corn pickers, cotton and sugarcane harvesters and related front-end equipment, sugarcane loaders, self-propelled forage harvesters and attachments, balers and mowers, walk-behind mowers, golf course equipment, and more.

Construction and Forestry – manufactures and distributes machinery and parts used in construction, material handling, timber harvesting, and earthmoving. Products include backhoe loaders, motor graders, crawler dozers and loaders, excavators, landscape loaders, four-wheel-drive loaders, log loaders, log skidders, feller bunchers, articulated dump trucks, log harvesters and related attachments.

Financial Services – focuses on providing financing, sales and leasing services.

John Deere started manufacturing agricultural machinery in 1837. The company was incorporated in 1958 under the laws of Delaware.

Overview

John Deere logo

  • Chairman and CEO: Samuel R. Allen
  • CFO: Rajesh Kalathur
  • Type: Public
  • Industry: Construction/Agricultural Machinery
  • Publicly listed on the New York Stock Exchange (NYSE)
  • NYSE stock ticker symbol: DE
  • S&P 500 Component
  • Revenue: $37.795 billion USD (2013)
  • Net income: $3.537 billion USD (2013)
  • Diluted earnings per share: $9.09 USD (2013)
  • Founded: 1837
  • Founder(s): John Deere
  • Employees: 67,000 (2013)
  • Corporate headquarters: One John Deere Place, Moline, Illinois, USA
  • Corporate contact number: (309) 765-8000
  • Investor relations contact number: (309) 765-4539
  • Website: http://www.deere.com/

Net Sales and Revenues (in $ millions) 2013 2012
Net sales $34,997.9 $33,500.9
Finance and interest income $2,115.1 $1,981.3
Other income $682.4 $674.9
Total revenue $37,795.4 $36,157.1
Costs and Expenses (in $ millions)
Cost of sales $25,667.3 $25,007.8
Research and development expenses $1,477.3 $1,433.6
Selling, administrative and general expenses $3,605.5 $3,417.0
Interest expense $741.3 $782.8
Other operating expenses $820.6 $781.5
Total costs and expenses $32,312.0 $31,422.7
Income Data (in $ millions)
Income of Consolidated Group before Income Taxes $5,483.4 $4,734.4
Provision for income taxes $1,945.9 $1,659.4
Income of Consolidated Group $3,537.5 $3,075.0
Net Income $3,537.6 $3,071.6
Net Income Attributable to Deere & Company $3,537.3 $3,064.7
Comprehensive Income Attributable to Deere & Company $5,415.7 $2,171.2
Balance Sheet Data (in $ millions)
Total assets $59,521.3 $56,265.8
Total liabilities $49,253.6 $49,403.8
Total stockholders’ equity $10,267.7 $6,862.0
Cash flow data (in $ millions)
Net cash provided by operating activities $3,254.3 $1,167.7
Net cash used in investing activities $(4,820.7) $(4,004.1)
Net cash provided by financing activities $406.5 $3,880.2
Cash and cash equivalents at end of period $3,504.0 $4,652.2
Common share data (in $)
Basic earnings (loss) per common share $9.18 $7.72
Diluted earnings (loss) per common share $9.09 $7.63

Source: “Deere & Company 2013 FORM 10-K Annual Report”