DEERE & CO (DE) FY2024 Annual P&L / Income Statement

DEERE & CO (DE) FY2024 Annual P&L / Income Statement

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.