DEERE & CO (DE) FY2024 Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-04-29 to 2024-07-28

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DEERE & CO cash flow reconciliation, Apr 29, 2024 through Jul 28, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $1,730,000,000.00Inventories → Operating adjustments reconciliation: $643,000,000.00Provision for depreciation and amortization → Operating adjustments reconciliation: $553,000,000.00Accounts payable and accrued expenses → Operating adjustments reconciliation: $285,000,000.00Provision (credit) for credit losses → Operating adjustments reconciliation: $91,000,000.00Accrued income taxes payable/receivable → Operating adjustments reconciliation: $60,000,000.00Share-based compensation expense → Operating adjustments reconciliation: $55,000,000.00Impairments and other adjustments → Operating adjustments reconciliation: $53,000,000.00Receivables related to sales → Operating adjustments reconciliation: $23,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $1,465,000,000.00Operating adjustments reconciliation → Other: $255,000,000.00Operating adjustments reconciliation → Retirement benefits: $38,000,000.00Operating adjustments reconciliation → Credit for deferred income taxes: $5,000,000.00Proceeds from borrowings issued (original maturities greater than three months) → financing reconciliation: $5,323,000,000.00financing reconciliation → Net cash from financing activities: $373,000,000.00financing reconciliation → Payments of borrowings (original maturities greater than three months): $2,653,000,000.00financing reconciliation → Net proceeds (payments) in short-term borrowings (original maturities three months or less): $1,050,000,000.00financing reconciliation → Repurchases of common stock: $805,000,000.00financing reconciliation → Dividends paid: $406,000,000.00financing reconciliation → Other: $36,000,000.00Collections of receivables (excluding receivables related to sales) → investing reconciliation: $5,440,000,000.00Proceeds from sales of equipment on operating leases → investing reconciliation: $440,000,000.00Collateral on derivatives - net → investing reconciliation: $294,000,000.00Proceeds from maturities and sales of marketable securities → investing reconciliation: $133,000,000.00investing reconciliation → Cost of receivables acquired (excluding receivables related to sales): $7,022,000,000.00investing reconciliation → Cost of equipment on operating leases acquired: $796,000,000.00investing reconciliation → Purchases of property and equipment: $324,000,000.00investing reconciliation → Purchases of marketable securities: $140,000,000.00investing reconciliation → Other: $26,000,000.00Net cash used in investing activities → investing reconciliation: $2,001,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $5,727,000,000.00Net cash from operating activities → Cash sources and uses: $3,195,000,000.00Net cash from financing activities → Cash sources and uses: $373,000,000.00Cash sources and uses → Exchange-rate effect: $1,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $7,293,000,000.00Cash sources and uses → Net cash used in investing activities: $2,001,000,000.00Net income: $1,730,000,000.00Net income+$1.73 BProvision (credit) for credit losses: $91,000,000.00Loan & lease loss provision+$91.00 MProvision for depreciation and amortization: $553,000,000.00Depreciation & amortization+$553.00 MImpairments and other adjustments: $53,000,000.00Held-for-sale write-downs+$53.00 MShare-based compensation expense: $55,000,000.00Stock-based compensation+$55.00 MCredit for deferred income taxes: -$5,000,000.00Deferred income taxes−$5.00 MReceivables related to sales: $23,000,000.00Receivables, net+$23.00 MInventories: $643,000,000.00Inventories+$643.00 MAccounts payable and accrued expenses: $285,000,000.00Payables & accrued liabilities+$285.00 MAccrued income taxes payable/receivable: $60,000,000.00Income taxes, net+$60.00 MRetirement benefits: -$38,000,000.00Retirement benefits−$38.00 MOther: -$255,000,000.00Other working capital, net−$255.00 MNet cash from operating activities: $3,195,000,000.00Operating cash+$3.20 BOperating adjustments reconciliation: $1,763,000,000.00Net proceeds (payments) in short-term borrowings (original maturities three months or less): -$1,050,000,000.00Short-term debt ≤3 months, net−$1.05 BProceeds from borrowings issued (original maturities greater than three months): $5,323,000,000.00Debt issued, 90+ days+$5.32 BPayments of borrowings (original maturities greater than three months): -$2,653,000,000.00Debt repaid, 90+ days−$2.65 BRepurchases of common stock: -$805,000,000.00Common stock repurchases−$805.00 MDividends paid: -$406,000,000.00Common dividends paid−$406.00 MOther: -$36,000,000.00Other financing, net−$36.00 MNet cash from financing activities: $373,000,000.00Financing cash+$373.00 Mfinancing reconciliation: $5,323,000,000.00Collections of receivables (excluding receivables related to sales): $5,440,000,000.00Finance receivable collections+$5.44 BProceeds from maturities and sales of marketable securities: $133,000,000.00Marketable securities proceeds+$133.00 MProceeds from sales of equipment on operating leases: $440,000,000.00Proceeds from sales of equipment on operating leases+$440.00 MCost of receivables acquired (excluding receivables related to sales): -$7,022,000,000.00Finance receivable purchases−$7.02 BPurchases of marketable securities: -$140,000,000.00Marketable securities purchases−$140.00 MPurchases of property and equipment: -$324,000,000.00PP&E purchases−$324.00 MCost of equipment on operating leases acquired: -$796,000,000.00Lease equipment purchases−$796.00 MCollateral on derivatives - net: $294,000,000.00Collateral on derivatives - net+$294.00 MOther: -$26,000,000.00Other investing, net−$26.00 MNet cash used in investing activities: -$2,001,000,000.00. Cash required to fund net payments.Investing cash−$2.00 Binvesting reconciliation: $8,308,000,000.00Cash sources and uses: $9,295,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $5,727,000,000.00Beginning cash$5.73 BEnding cash: Cash, cash equivalents, and restricted cash: $7,293,000,000.00Ending cash$7.29 BExchange-rate effect: -$1,000,000.00FX effect−$1.00 MCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsFree cash flow$2.87 BOperating cash − cash spent on PP&ECash flow / Net income1.85×Operating cash flow ÷ net incomeNet cash change+$1.57 BEnding cash − beginning cash
Chart details

DEERE & CO cash flow reconciliation, Apr 29, 2024 through Jul 28, 2024

Cash flows for Apr 29, 2024 through Jul 28, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Apr 28, 2024. Ending cash: Jul 28, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Apr 28, 2024
5,727,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
3,195,000,000 US dollars. Net cash provided.
Net income
1,730,000,000 US dollars
Provision (credit) for credit losses
91,000,000 US dollars
Provision for depreciation and amortization
553,000,000 US dollars
Impairments and other adjustments
53,000,000 US dollars
Share-based compensation expense
55,000,000 US dollars
Credit for deferred income taxes
negative 5,000,000 US dollars
Receivables related to sales
23,000,000 US dollars
Inventories
643,000,000 US dollars
Accounts payable and accrued expenses
285,000,000 US dollars
Accrued income taxes payable/receivable
60,000,000 US dollars
Retirement benefits
negative 38,000,000 US dollars
Other
negative 255,000,000 US dollars
Investing activities
negative 2,001,000,000 US dollars. Net cash used.
Collections of receivables (excluding receivables related to sales)
5,440,000,000 US dollars
Proceeds from maturities and sales of marketable securities
133,000,000 US dollars
Proceeds from sales of equipment on operating leases
440,000,000 US dollars
Cost of receivables acquired (excluding receivables related to sales)
negative 7,022,000,000 US dollars
Purchases of marketable securities
negative 140,000,000 US dollars
Purchases of property and equipment
negative 324,000,000 US dollars
Cost of equipment on operating leases acquired
negative 796,000,000 US dollars
Collateral on derivatives - net
294,000,000 US dollars
Other
negative 26,000,000 US dollars
Financing activities
373,000,000 US dollars. Net cash provided.
Net proceeds (payments) in short-term borrowings (original maturities three months or less)
negative 1,050,000,000 US dollars
Proceeds from borrowings issued (original maturities greater than three months)
5,323,000,000 US dollars
Payments of borrowings (original maturities greater than three months)
negative 2,653,000,000 US dollars
Repurchases of common stock
negative 805,000,000 US dollars
Dividends paid
negative 406,000,000 US dollars
Other
negative 36,000,000 US dollars
Operating adjustment reconciliation
1,763,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
5,323,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
8,308,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 1,000,000 US dollars
Ending cash on Jul 28, 2024
7,293,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
9,295,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
1,566,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.85×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
3,195,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
324,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
2,871,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $1.47B after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Cash-flow net income is $1,730.00 M, derived by subtracting the earlier cumulative period; the income statement reports $1,731.00 M for the same period. The $1.00 M difference is rounding: the filing reports each amount rounded to the nearest million dollars, and the quarter is the difference of two rounded year-to-date amounts. Neither amount has been adjusted.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 3,195,000,000 US dollars minus 324,000,000 US dollars equals 2,871,000,000 US dollars.
  • Cash-flow net income is $1,730.00 M, derived by subtracting the earlier cumulative period; the income statement reports $1,731.00 M for the same period. The $1.00 M difference is rounding: the filing reports each amount rounded to the nearest million dollars, and the quarter is the difference of two rounded year-to-date amounts. Neither amount has been adjusted.
DEERE & CO (DE) FY2024 Q3 Statement of Cash Flows Sankey chart
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