# DEERE & CO (DE) FY2024 Annual P&L / Income Statement - Company: DEERE & CO (DE) - Period: 2023-10-30 to 2024-10-27 - Filing: FY2024 10-K, filed 2024-12-12, accession number 0001558370-24-016169 - Page: https://plicit.ai/financials/de/fy2024-annual-income-statement - Chart image: https://plicit.ai/charts/de-fy2024-annual-income-statement-sankey.png ## Chart details: Revenue by Product and Service (7 categories) Income statement for 2023-10-30 through 2024-10-27. View: Product and service (7 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 51,716,000,000 US dollars - **Cost of revenue (calculated)**: 30,775,000,000 US dollars - **Gross profit (calculated)**: 20,941,000,000 US dollars - **Operating expenses (calculated)**: 11,735,000,000 US dollars - **Operating profit (calculated)**: 9,206,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 9,206,000,000 US dollars - **Provision for income taxes**: 2,094,000,000 US dollars - **Net Income**: 7,088,000,000 US dollars - **Production Agriculture**: 20,574,000,000 US dollars - **Small Agriculture**: 7,693,000,000 US dollars - **Turf**: 3,023,000,000 US dollars - **Construction**: 5,523,000,000 US dollars - **Compact Construction**: 2,459,000,000 US dollars - **Roadbuilding**: 3,641,000,000 US dollars - **Forestry**: 1,108,000,000 US dollars - **Undisclosed (calculated)**: 7,695,000,000 US dollars - **Cost of sales**: 30,775,000,000 US dollars - **Research and development expenses**: 2,290,000,000 US dollars - **Selling, administrative and general expenses**: 4,840,000,000 US dollars - **Interest expense**: 3,348,000,000 US dollars - **Other operating expenses**: 1,257,000,000 US dollars - **Equity in income (loss) of unconsolidated affiliates**: negative 24,000,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. - Of which attributable to DEERE & CO: $7.10 B; to noncontrolling interests: −$12.00 M. ## Chart details: Revenue by Geography - Page: https://plicit.ai/financials/de/fy2024-annual-income-statement/revenue-by-geography - Chart image: https://plicit.ai/charts/de-fy2024-annual-revenue-by-geography-sankey.png Income statement for 2023-10-30 through 2024-10-27. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 51,716,000,000 US dollars - **Cost of revenue (calculated)**: 30,775,000,000 US dollars - **Gross profit (calculated)**: 20,941,000,000 US dollars - **Operating expenses (calculated)**: 11,735,000,000 US dollars - **Operating profit (calculated)**: 9,206,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 9,206,000,000 US dollars - **Provision for income taxes**: 2,094,000,000 US dollars - **Net Income**: 7,088,000,000 US dollars - **UNITED STATES**: 30,242,000,000 US dollars - **CANADA**: 3,900,000,000 US dollars - **Western Europe**: 6,189,000,000 US dollars - **Central Europe and CIS**: 1,488,000,000 US dollars - **Latin America**: 5,538,000,000 US dollars - **Asia, Africa, Oceania, and Middle East**: 4,359,000,000 US dollars - **Cost of sales**: 30,775,000,000 US dollars - **Research and development expenses**: 2,290,000,000 US dollars - **Selling, administrative and general expenses**: 4,840,000,000 US dollars - **Interest expense**: 3,348,000,000 US dollars - **Other operating expenses**: 1,257,000,000 US dollars - **Equity in income (loss) of unconsolidated affiliates**: negative 24,000,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. - Of which attributable to DEERE & CO: $7.10 B; to noncontrolling interests: −$12.00 M. ## Chart details: Revenue by Timing of Transfer - Page: https://plicit.ai/financials/de/fy2024-annual-income-statement/revenue-by-timing-of-transfer - Chart image: https://plicit.ai/charts/de-fy2024-annual-revenue-by-timing-of-transfer-sankey.png Income statement for 2023-10-30 through 2024-10-27. View: Timing of Transfer of Good or Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 51,716,000,000 US dollars - **Cost of revenue (calculated)**: 30,775,000,000 US dollars - **Gross profit (calculated)**: 20,941,000,000 US dollars - **Operating expenses (calculated)**: 11,735,000,000 US dollars - **Operating profit (calculated)**: 9,206,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 9,206,000,000 US dollars - **Provision for income taxes**: 2,094,000,000 US dollars - **Net Income**: 7,088,000,000 US dollars - **Revenue Recognized at a Point in Time**: 45,413,000,000 US dollars - **Revenue Recognized Over Time**: 6,303,000,000 US dollars - **Cost of sales**: 30,775,000,000 US dollars - **Research and development expenses**: 2,290,000,000 US dollars - **Selling, administrative and general expenses**: 4,840,000,000 US dollars - **Interest expense**: 3,348,000,000 US dollars - **Other operating expenses**: 1,257,000,000 US dollars - **Equity in income (loss) of unconsolidated affiliates**: negative 24,000,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. - Of which attributable to DEERE & CO: $7.10 B; to noncontrolling interests: −$12.00 M. ## Chart details: Revenue by Business Segment - Page: https://plicit.ai/financials/de/fy2024-annual-income-statement/revenue-by-business-segment - Chart image: https://plicit.ai/charts/de-fy2024-annual-revenue-by-business-segment-sankey.png Income statement for 2023-10-30 through 2024-10-27. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 51,716,000,000 US dollars - **Cost of revenue (calculated)**: 30,775,000,000 US dollars - **Gross profit (calculated)**: 20,941,000,000 US dollars - **Operating expenses (calculated)**: 11,735,000,000 US dollars - **Operating profit (calculated)**: 9,206,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 9,206,000,000 US dollars - **Provision for income taxes**: 2,094,000,000 US dollars - **Net Income**: 7,088,000,000 US dollars - **Production & Precision Ag (PPA)**: 21,426,000,000 US dollars - **Small Ag & Turf (SAT)**: 11,254,000,000 US dollars - **Construction & Forestry (CF)**: 13,254,000,000 US dollars - **Undisclosed (calculated)**: 5,782,000,000 US dollars - **Cost of sales**: 30,775,000,000 US dollars - **Research and development expenses**: 2,290,000,000 US dollars - **Selling, administrative and general expenses**: 4,840,000,000 US dollars - **Interest expense**: 3,348,000,000 US dollars - **Other operating expenses**: 1,257,000,000 US dollars - **Equity in income (loss) of unconsolidated affiliates**: negative 24,000,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. - Of which attributable to DEERE & CO: $7.10 B; to noncontrolling interests: −$12.00 M. ## Chart details: Revenue by Business Segment by Timing of Transfer - Page: https://plicit.ai/financials/de/fy2024-annual-income-statement/revenue-by-business-segment-by-timing-of-transfer - Chart image: https://plicit.ai/charts/de-fy2024-annual-revenue-by-business-segment-by-timing-of-transfer-sankey.png Income statement for 2023-10-30 through 2024-10-27. View: Segments by Timing of Transfer of Good or Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 51,716,000,000 US dollars - **Cost of revenue (calculated)**: 30,775,000,000 US dollars - **Gross profit (calculated)**: 20,941,000,000 US dollars - **Operating expenses (calculated)**: 11,735,000,000 US dollars - **Operating profit (calculated)**: 9,206,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 9,206,000,000 US dollars - **Provision for income taxes**: 2,094,000,000 US dollars - **Net Income**: 7,088,000,000 US dollars - **Construction & Forestry (CF) - Revenue Recognized at a Point in Time**: 13,137,000,000 US dollars - **Construction & Forestry (CF) - Revenue Recognized Over Time**: 117,000,000 US dollars - **Production & Precision Ag (PPA) - Revenue Recognized at a Point in Time**: 21,059,000,000 US dollars - **Production & Precision Ag (PPA) - Revenue Recognized Over Time**: 367,000,000 US dollars - **Small Ag & Turf (SAT) - Revenue Recognized at a Point in Time**: 11,084,000,000 US dollars - **Small Ag & Turf (SAT) - Revenue Recognized Over Time**: 170,000,000 US dollars - **Undisclosed (calculated)**: 5,782,000,000 US dollars - **Cost of sales**: 30,775,000,000 US dollars - **Research and development expenses**: 2,290,000,000 US dollars - **Selling, administrative and general expenses**: 4,840,000,000 US dollars - **Interest expense**: 3,348,000,000 US dollars - **Other operating expenses**: 1,257,000,000 US dollars - **Equity in income (loss) of unconsolidated affiliates**: negative 24,000,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. - Of which attributable to DEERE & CO: $7.10 B; to noncontrolling interests: −$12.00 M. ## Chart details: Revenue by Business Segment by Product and Service - Page: https://plicit.ai/financials/de/fy2024-annual-income-statement/revenue-by-business-segment-by-product-and-service - Chart image: https://plicit.ai/charts/de-fy2024-annual-revenue-by-business-segment-by-product-and-service-sankey.png Income statement for 2023-10-30 through 2024-10-27. View: Segments by Product and Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 51,716,000,000 US dollars - **Cost of revenue (calculated)**: 30,775,000,000 US dollars - **Gross profit (calculated)**: 20,941,000,000 US dollars - **Operating expenses (calculated)**: 11,735,000,000 US dollars - **Operating profit (calculated)**: 9,206,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 9,206,000,000 US dollars - **Provision for income taxes**: 2,094,000,000 US dollars - **Net Income**: 7,088,000,000 US dollars - **Construction & Forestry (CF) - Compact Construction**: 2,459,000,000 US dollars - **Construction & Forestry (CF) - Construction**: 5,523,000,000 US dollars - **Construction & Forestry (CF) - Forestry**: 1,108,000,000 US dollars - **Construction & Forestry (CF) - Roadbuilding**: 3,641,000,000 US dollars - **Production & Precision Ag (PPA) - Production Agriculture**: 20,574,000,000 US dollars - **Small Ag & Turf (SAT) - Small Agriculture**: 7,693,000,000 US dollars - **Small Ag & Turf (SAT) - Turf**: 3,023,000,000 US dollars - **Undisclosed (calculated)**: 7,695,000,000 US dollars - **Cost of sales**: 30,775,000,000 US dollars - **Research and development expenses**: 2,290,000,000 US dollars - **Selling, administrative and general expenses**: 4,840,000,000 US dollars - **Interest expense**: 3,348,000,000 US dollars - **Other operating expenses**: 1,257,000,000 US dollars - **Equity in income (loss) of unconsolidated affiliates**: negative 24,000,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. - Of which attributable to DEERE & CO: $7.10 B; to noncontrolling interests: −$12.00 M. ## Chart details: Revenue by Product and Service (3 categories) - Page: https://plicit.ai/financials/de/fy2024-annual-income-statement/revenue-by-product-and-service-3-categories - Chart image: https://plicit.ai/charts/de-fy2024-annual-revenue-by-product-and-service-3-categories-sankey.png Income statement for 2023-10-30 through 2024-10-27. View: Product and service (3 categories). Revenue and costs use their disclosed categories. - **Net sales and revenues**: 51,716,000,000 US dollars - **Cost of revenue (calculated)**: 30,775,000,000 US dollars - **Gross profit (calculated)**: 20,941,000,000 US dollars - **Operating expenses (calculated)**: 11,735,000,000 US dollars - **Operating profit (calculated)**: 9,206,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 9,206,000,000 US dollars - **Provision for income taxes**: 2,094,000,000 US dollars - **Net Income**: 7,088,000,000 US dollars - **Net Sales revenue**: 44,759,000,000 US dollars - **Finance and Interest Income**: 5,759,000,000 US dollars - **Other Income**: 1,198,000,000 US dollars - **Net Sales cost of revenue**: 30,775,000,000 US dollars - **Research and development expenses**: 2,290,000,000 US dollars - **Selling, administrative and general expenses**: 4,840,000,000 US dollars - **Interest expense**: 3,348,000,000 US dollars - **Other operating expenses**: 1,257,000,000 US dollars - **Equity in income (loss) of unconsolidated affiliates**: negative 24,000,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. - Of which attributable to DEERE & CO: $7.10 B; to noncontrolling interests: −$12.00 M. ## Chart details: Revenue by Business Segment by Geography - Page: https://plicit.ai/financials/de/fy2024-annual-income-statement/revenue-by-business-segment-by-geography - Chart image: https://plicit.ai/charts/de-fy2024-annual-revenue-by-business-segment-by-geography-sankey.png Income statement for 2023-10-30 through 2024-10-27. View: Segments by Geographical. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 51,716,000,000 US dollars - **Cost of revenue (calculated)**: 30,775,000,000 US dollars - **Gross profit (calculated)**: 20,941,000,000 US dollars - **Operating expenses (calculated)**: 11,735,000,000 US dollars - **Operating profit (calculated)**: 9,206,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 9,206,000,000 US dollars - **Provision for income taxes**: 2,094,000,000 US dollars - **Net Income**: 7,088,000,000 US dollars - **Construction & Forestry (CF) - CANADA**: 760,000,000 US dollars - **Construction & Forestry (CF) - UNITED STATES**: 8,086,000,000 US dollars - **Construction & Forestry (CF) - Asia, Africa, Oceania, and Middle East**: 1,128,000,000 US dollars - **Construction & Forestry (CF) - Central Europe and CIS**: 381,000,000 US dollars - **Construction & Forestry (CF) - Western Europe**: 1,729,000,000 US dollars - **Construction & Forestry (CF) - Latin America**: 1,170,000,000 US dollars - **Production & Precision Ag (PPA) - CANADA**: 1,818,000,000 US dollars - **Production & Precision Ag (PPA) - UNITED STATES**: 11,741,000,000 US dollars - **Production & Precision Ag (PPA) - Asia, Africa, Oceania, and Middle East**: 1,530,000,000 US dollars - **Production & Precision Ag (PPA) - Central Europe and CIS**: 787,000,000 US dollars - **Production & Precision Ag (PPA) - Western Europe**: 2,068,000,000 US dollars - **Production & Precision Ag (PPA) - Latin America**: 3,482,000,000 US dollars - **Small Ag & Turf (SAT) - CANADA**: 605,000,000 US dollars - **Small Ag & Turf (SAT) - UNITED STATES**: 6,249,000,000 US dollars - **Small Ag & Turf (SAT) - Asia, Africa, Oceania, and Middle East**: 1,480,000,000 US dollars - **Small Ag & Turf (SAT) - Central Europe and CIS**: 284,000,000 US dollars - **Small Ag & Turf (SAT) - Western Europe**: 2,203,000,000 US dollars - **Small Ag & Turf (SAT) - Latin America**: 433,000,000 US dollars - **Undisclosed (calculated)**: 5,782,000,000 US dollars - **Cost of sales**: 30,775,000,000 US dollars - **Research and development expenses**: 2,290,000,000 US dollars - **Selling, administrative and general expenses**: 4,840,000,000 US dollars - **Interest expense**: 3,348,000,000 US dollars - **Other operating expenses**: 1,257,000,000 US dollars - **Equity in income (loss) of unconsolidated affiliates**: negative 24,000,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. - Of which attributable to DEERE & CO: $7.10 B; to noncontrolling interests: −$12.00 M.