# DEERE & CO (DE) FY2024 Q3 P&L / Income Statement - Company: DEERE & CO (DE) - Period: 2024-04-29 to 2024-07-28 - Filing: Q3 FY2024 10-Q, filed 2024-08-29, accession number 0001558370-24-012529 - Page: https://plicit.ai/financials/de/fy2024-q3-income-statement - Chart image: https://plicit.ai/charts/de-fy2024-q3-income-statement-sankey.png ## Chart details: Revenue by Product and Service (7 categories) Income statement for 2024-04-29 through 2024-07-28. View: Product and service (7 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 13,152,000,000 US dollars - **Cost of revenue (calculated)**: 7,848,000,000 US dollars - **Gross profit (calculated)**: 5,304,000,000 US dollars - **Operating expenses (calculated)**: 2,949,000,000 US dollars - **Operating profit (calculated)**: 2,355,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 2,355,000,000 US dollars - **Provision for income taxes**: 625,000,000 US dollars - **Net Income**: 1,731,000,000 US dollars - **Production Agriculture**: 5,038,000,000 US dollars - **Small Agriculture**: 2,168,000,000 US dollars - **Turf**: 825,000,000 US dollars - **Construction**: 1,308,000,000 US dollars - **Compact Construction**: 643,000,000 US dollars - **Roadbuilding**: 961,000,000 US dollars - **Forestry**: 269,000,000 US dollars - **Undisclosed (calculated)**: 1,940,000,000 US dollars - **Cost of sales**: 7,848,000,000 US dollars - **Research and development expenses**: 567,000,000 US dollars - **Selling, administrative and general expenses**: 1,278,000,000 US dollars - **Interest expense**: 840,000,000 US dollars - **Other operating expenses**: 264,000,000 US dollars - **Equity in income of unconsolidated affiliates**: 1,000,000 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: $1.73 B; to noncontrolling interests: −$3.00 M. ## Chart details: Revenue by Geography - Page: https://plicit.ai/financials/de/fy2024-q3-income-statement/revenue-by-geography - Chart image: https://plicit.ai/charts/de-fy2024-q3-revenue-by-geography-sankey.png Income statement for 2024-04-29 through 2024-07-28. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 13,152,000,000 US dollars - **Cost of revenue (calculated)**: 7,848,000,000 US dollars - **Gross profit (calculated)**: 5,304,000,000 US dollars - **Operating expenses (calculated)**: 2,949,000,000 US dollars - **Operating profit (calculated)**: 2,355,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 2,355,000,000 US dollars - **Provision for income taxes**: 625,000,000 US dollars - **Net Income**: 1,731,000,000 US dollars - **UNITED STATES**: 7,706,000,000 US dollars - **CANADA**: 1,070,000,000 US dollars - **Western Europe**: 1,560,000,000 US dollars - **Central Europe and CIS**: 389,000,000 US dollars - **Latin America**: 1,365,000,000 US dollars - **Asia, Africa, Oceania, and Middle East**: 1,062,000,000 US dollars - **Cost of sales**: 7,848,000,000 US dollars - **Research and development expenses**: 567,000,000 US dollars - **Selling, administrative and general expenses**: 1,278,000,000 US dollars - **Interest expense**: 840,000,000 US dollars - **Other operating expenses**: 264,000,000 US dollars - **Equity in income of unconsolidated affiliates**: 1,000,000 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: $1.73 B; to noncontrolling interests: −$3.00 M. ## Chart details: Revenue by Timing of Transfer - Page: https://plicit.ai/financials/de/fy2024-q3-income-statement/revenue-by-timing-of-transfer - Chart image: https://plicit.ai/charts/de-fy2024-q3-revenue-by-timing-of-transfer-sankey.png Income statement for 2024-04-29 through 2024-07-28. View: Timing of Transfer of Good or Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 13,152,000,000 US dollars - **Cost of revenue (calculated)**: 7,848,000,000 US dollars - **Gross profit (calculated)**: 5,304,000,000 US dollars - **Operating expenses (calculated)**: 2,949,000,000 US dollars - **Operating profit (calculated)**: 2,355,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 2,355,000,000 US dollars - **Provision for income taxes**: 625,000,000 US dollars - **Net Income**: 1,731,000,000 US dollars - **Revenue Recognized at a Point in Time**: 11,531,000,000 US dollars - **Revenue Recognized Over Time**: 1,621,000,000 US dollars - **Cost of sales**: 7,848,000,000 US dollars - **Research and development expenses**: 567,000,000 US dollars - **Selling, administrative and general expenses**: 1,278,000,000 US dollars - **Interest expense**: 840,000,000 US dollars - **Other operating expenses**: 264,000,000 US dollars - **Equity in income of unconsolidated affiliates**: 1,000,000 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: $1.73 B; to noncontrolling interests: −$3.00 M. ## Chart details: Revenue by Business Segment - Page: https://plicit.ai/financials/de/fy2024-q3-income-statement/revenue-by-business-segment - Chart image: https://plicit.ai/charts/de-fy2024-q3-revenue-by-business-segment-sankey.png Income statement for 2024-04-29 through 2024-07-28. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 13,152,000,000 US dollars - **Cost of revenue (calculated)**: 7,848,000,000 US dollars - **Gross profit (calculated)**: 5,304,000,000 US dollars - **Operating expenses (calculated)**: 2,949,000,000 US dollars - **Operating profit (calculated)**: 2,355,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 2,355,000,000 US dollars - **Provision for income taxes**: 625,000,000 US dollars - **Net Income**: 1,731,000,000 US dollars - **Production & Precision Ag (PPA)**: 5,242,000,000 US dollars - **Small Ag & Turf (SAT)**: 3,128,000,000 US dollars - **Construction & Forestry (CF)**: 3,293,000,000 US dollars - **Undisclosed (calculated)**: 1,489,000,000 US dollars - **Cost of sales**: 7,848,000,000 US dollars - **Research and development expenses**: 567,000,000 US dollars - **Selling, administrative and general expenses**: 1,278,000,000 US dollars - **Interest expense**: 840,000,000 US dollars - **Other operating expenses**: 264,000,000 US dollars - **Equity in income of unconsolidated affiliates**: 1,000,000 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: $1.73 B; to noncontrolling interests: −$3.00 M. ## Chart details: Revenue by Business Segment by Timing of Transfer - Page: https://plicit.ai/financials/de/fy2024-q3-income-statement/revenue-by-business-segment-by-timing-of-transfer - Chart image: https://plicit.ai/charts/de-fy2024-q3-revenue-by-business-segment-by-timing-of-transfer-sankey.png Income statement for 2024-04-29 through 2024-07-28. 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**: 13,152,000,000 US dollars - **Cost of revenue (calculated)**: 7,848,000,000 US dollars - **Gross profit (calculated)**: 5,304,000,000 US dollars - **Operating expenses (calculated)**: 2,949,000,000 US dollars - **Operating profit (calculated)**: 2,355,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 2,355,000,000 US dollars - **Provision for income taxes**: 625,000,000 US dollars - **Net Income**: 1,731,000,000 US dollars - **Construction & Forestry (CF) - Revenue Recognized at a Point in Time**: 3,269,000,000 US dollars - **Construction & Forestry (CF) - Revenue Recognized Over Time**: 24,000,000 US dollars - **Production & Precision Ag (PPA) - Revenue Recognized at a Point in Time**: 5,143,000,000 US dollars - **Production & Precision Ag (PPA) - Revenue Recognized Over Time**: 99,000,000 US dollars - **Small Ag & Turf (SAT) - Revenue Recognized at a Point in Time**: 3,084,000,000 US dollars - **Small Ag & Turf (SAT) - Revenue Recognized Over Time**: 44,000,000 US dollars - **Undisclosed (calculated)**: 1,489,000,000 US dollars - **Cost of sales**: 7,848,000,000 US dollars - **Research and development expenses**: 567,000,000 US dollars - **Selling, administrative and general expenses**: 1,278,000,000 US dollars - **Interest expense**: 840,000,000 US dollars - **Other operating expenses**: 264,000,000 US dollars - **Equity in income of unconsolidated affiliates**: 1,000,000 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: $1.73 B; to noncontrolling interests: −$3.00 M. ## Chart details: Revenue by Business Segment by Product and Service - Page: https://plicit.ai/financials/de/fy2024-q3-income-statement/revenue-by-business-segment-by-product-and-service - Chart image: https://plicit.ai/charts/de-fy2024-q3-revenue-by-business-segment-by-product-and-service-sankey.png Income statement for 2024-04-29 through 2024-07-28. View: Segments by Product and Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 13,152,000,000 US dollars - **Cost of revenue (calculated)**: 7,848,000,000 US dollars - **Gross profit (calculated)**: 5,304,000,000 US dollars - **Operating expenses (calculated)**: 2,949,000,000 US dollars - **Operating profit (calculated)**: 2,355,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 2,355,000,000 US dollars - **Provision for income taxes**: 625,000,000 US dollars - **Net Income**: 1,731,000,000 US dollars - **Construction & Forestry (CF) - Compact Construction**: 643,000,000 US dollars - **Construction & Forestry (CF) - Construction**: 1,308,000,000 US dollars - **Construction & Forestry (CF) - Forestry**: 269,000,000 US dollars - **Construction & Forestry (CF) - Roadbuilding**: 961,000,000 US dollars - **Production & Precision Ag (PPA) - Production Agriculture**: 5,038,000,000 US dollars - **Small Ag & Turf (SAT) - Small Agriculture**: 2,168,000,000 US dollars - **Small Ag & Turf (SAT) - Turf**: 825,000,000 US dollars - **Undisclosed (calculated)**: 1,940,000,000 US dollars - **Cost of sales**: 7,848,000,000 US dollars - **Research and development expenses**: 567,000,000 US dollars - **Selling, administrative and general expenses**: 1,278,000,000 US dollars - **Interest expense**: 840,000,000 US dollars - **Other operating expenses**: 264,000,000 US dollars - **Equity in income of unconsolidated affiliates**: 1,000,000 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: $1.73 B; to noncontrolling interests: −$3.00 M. ## Chart details: Revenue by Product and Service (3 categories) - Page: https://plicit.ai/financials/de/fy2024-q3-income-statement/revenue-by-product-and-service-3-categories - Chart image: https://plicit.ai/charts/de-fy2024-q3-revenue-by-product-and-service-3-categories-sankey.png Income statement for 2024-04-29 through 2024-07-28. View: Product and service (3 categories). Revenue and costs use their disclosed categories. - **Net sales and revenues**: 13,152,000,000 US dollars - **Cost of revenue (calculated)**: 7,848,000,000 US dollars - **Gross profit (calculated)**: 5,304,000,000 US dollars - **Operating expenses (calculated)**: 2,949,000,000 US dollars - **Operating profit (calculated)**: 2,355,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 2,355,000,000 US dollars - **Provision for income taxes**: 625,000,000 US dollars - **Net Income**: 1,731,000,000 US dollars - **Net Sales revenue**: 11,387,000,000 US dollars - **Finance and Interest Income**: 1,461,000,000 US dollars - **Other income**: 304,000,000 US dollars - **Net Sales cost of revenue**: 7,848,000,000 US dollars - **Research and development expenses**: 567,000,000 US dollars - **Selling, administrative and general expenses**: 1,278,000,000 US dollars - **Interest expense**: 840,000,000 US dollars - **Other operating expenses**: 264,000,000 US dollars - **Equity in income of unconsolidated affiliates**: 1,000,000 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: $1.73 B; to noncontrolling interests: −$3.00 M. ## Chart details: Revenue by Business Segment by Geography - Page: https://plicit.ai/financials/de/fy2024-q3-income-statement/revenue-by-business-segment-by-geography - Chart image: https://plicit.ai/charts/de-fy2024-q3-revenue-by-business-segment-by-geography-sankey.png Income statement for 2024-04-29 through 2024-07-28. View: Segments by Geographical. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 13,152,000,000 US dollars - **Cost of revenue (calculated)**: 7,848,000,000 US dollars - **Gross profit (calculated)**: 5,304,000,000 US dollars - **Operating expenses (calculated)**: 2,949,000,000 US dollars - **Operating profit (calculated)**: 2,355,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 2,355,000,000 US dollars - **Provision for income taxes**: 625,000,000 US dollars - **Net Income**: 1,731,000,000 US dollars - **Construction & Forestry (CF) - CANADA**: 183,000,000 US dollars - **Construction & Forestry (CF) - UNITED STATES**: 1,967,000,000 US dollars - **Construction & Forestry (CF) - Asia, Africa, Oceania, and Middle East**: 300,000,000 US dollars - **Construction & Forestry (CF) - Central Europe and CIS**: 106,000,000 US dollars - **Construction & Forestry (CF) - Western Europe**: 432,000,000 US dollars - **Construction & Forestry (CF) - Latin America**: 305,000,000 US dollars - **Production & Precision Ag (PPA) - CANADA**: 489,000,000 US dollars - **Production & Precision Ag (PPA) - UNITED STATES**: 2,839,000,000 US dollars - **Production & Precision Ag (PPA) - Asia, Africa, Oceania, and Middle East**: 350,000,000 US dollars - **Production & Precision Ag (PPA) - Central Europe and CIS**: 201,000,000 US dollars - **Production & Precision Ag (PPA) - Western Europe**: 522,000,000 US dollars - **Production & Precision Ag (PPA) - Latin America**: 841,000,000 US dollars - **Small Ag & Turf (SAT) - CANADA**: 207,000,000 US dollars - **Small Ag & Turf (SAT) - UNITED STATES**: 1,824,000,000 US dollars - **Small Ag & Turf (SAT) - Asia, Africa, Oceania, and Middle East**: 360,000,000 US dollars - **Small Ag & Turf (SAT) - Central Europe and CIS**: 70,000,000 US dollars - **Small Ag & Turf (SAT) - Western Europe**: 542,000,000 US dollars - **Small Ag & Turf (SAT) - Latin America**: 125,000,000 US dollars - **Undisclosed (calculated)**: 1,489,000,000 US dollars - **Cost of sales**: 7,848,000,000 US dollars - **Research and development expenses**: 567,000,000 US dollars - **Selling, administrative and general expenses**: 1,278,000,000 US dollars - **Interest expense**: 840,000,000 US dollars - **Other operating expenses**: 264,000,000 US dollars - **Equity in income of unconsolidated affiliates**: 1,000,000 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: $1.73 B; to noncontrolling interests: −$3.00 M.