# DEERE & CO (DE) FY2024 YTD Q3 P&L / Income Statement - Company: DEERE & CO (DE) - Period: 2023-10-30 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-ytd-q3-income-statement - Chart image: https://plicit.ai/charts/de-fy2024-ytd-q3-income-statement-sankey.png ## Chart details: Revenue by Product and Service (7 categories) Income statement for 2023-10-30 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**: 40,572,000,000 US dollars - **Cost of revenue (calculated)**: 24,205,000,000 US dollars - **Gross profit (calculated)**: 16,367,000,000 US dollars - **Operating expenses (calculated)**: 8,680,000,000 US dollars - **Operating profit (calculated)**: 7,687,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 7,687,000,000 US dollars - **Provision for income taxes**: 1,845,000,000 US dollars - **Net Income**: 5,846,000,000 US dollars - **Production Agriculture**: 16,336,000,000 US dollars - **Small Agriculture**: 5,984,000,000 US dollars - **Turf**: 2,491,000,000 US dollars - **Construction**: 4,528,000,000 US dollars - **Compact Construction**: 1,964,000,000 US dollars - **Roadbuilding**: 2,804,000,000 US dollars - **Forestry**: 832,000,000 US dollars - **Undisclosed (calculated)**: 5,633,000,000 US dollars - **Cost of sales**: 24,205,000,000 US dollars - **Research and development expenses**: 1,664,000,000 US dollars - **Selling, administrative and general expenses**: 3,608,000,000 US dollars - **Interest expense**: 2,478,000,000 US dollars - **Other operating expenses**: 930,000,000 US dollars - **Equity in income of unconsolidated affiliates**: 4,000,000 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: $5.86 B; to noncontrolling interests: −$9.00 M. ## Chart details: Revenue by Geography - Page: https://plicit.ai/financials/de/fy2024-ytd-q3-income-statement/revenue-by-geography - Chart image: https://plicit.ai/charts/de-fy2024-ytd-q3-revenue-by-geography-sankey.png Income statement for 2023-10-30 through 2024-07-28. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 40,572,000,000 US dollars - **Cost of revenue (calculated)**: 24,205,000,000 US dollars - **Gross profit (calculated)**: 16,367,000,000 US dollars - **Operating expenses (calculated)**: 8,680,000,000 US dollars - **Operating profit (calculated)**: 7,687,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 7,687,000,000 US dollars - **Provision for income taxes**: 1,845,000,000 US dollars - **Net Income**: 5,846,000,000 US dollars - **UNITED STATES**: 24,056,000,000 US dollars - **CANADA**: 3,140,000,000 US dollars - **Western Europe**: 4,838,000,000 US dollars - **Central Europe and CIS**: 1,197,000,000 US dollars - **Latin America**: 4,077,000,000 US dollars - **Asia, Africa, Oceania, and Middle East**: 3,264,000,000 US dollars - **Cost of sales**: 24,205,000,000 US dollars - **Research and development expenses**: 1,664,000,000 US dollars - **Selling, administrative and general expenses**: 3,608,000,000 US dollars - **Interest expense**: 2,478,000,000 US dollars - **Other operating expenses**: 930,000,000 US dollars - **Equity in income of unconsolidated affiliates**: 4,000,000 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: $5.86 B; to noncontrolling interests: −$9.00 M. ## Chart details: Revenue by Timing of Transfer - Page: https://plicit.ai/financials/de/fy2024-ytd-q3-income-statement/revenue-by-timing-of-transfer - Chart image: https://plicit.ai/charts/de-fy2024-ytd-q3-revenue-by-timing-of-transfer-sankey.png Income statement for 2023-10-30 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**: 40,572,000,000 US dollars - **Cost of revenue (calculated)**: 24,205,000,000 US dollars - **Gross profit (calculated)**: 16,367,000,000 US dollars - **Operating expenses (calculated)**: 8,680,000,000 US dollars - **Operating profit (calculated)**: 7,687,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 7,687,000,000 US dollars - **Provision for income taxes**: 1,845,000,000 US dollars - **Net Income**: 5,846,000,000 US dollars - **Revenue Recognized at a Point in Time**: 35,952,000,000 US dollars - **Revenue Recognized Over Time**: 4,620,000,000 US dollars - **Cost of sales**: 24,205,000,000 US dollars - **Research and development expenses**: 1,664,000,000 US dollars - **Selling, administrative and general expenses**: 3,608,000,000 US dollars - **Interest expense**: 2,478,000,000 US dollars - **Other operating expenses**: 930,000,000 US dollars - **Equity in income of unconsolidated affiliates**: 4,000,000 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: $5.86 B; to noncontrolling interests: −$9.00 M. ## Chart details: Revenue by Business Segment - Page: https://plicit.ai/financials/de/fy2024-ytd-q3-income-statement/revenue-by-business-segment - Chart image: https://plicit.ai/charts/de-fy2024-ytd-q3-revenue-by-business-segment-sankey.png Income statement for 2023-10-30 through 2024-07-28. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 40,572,000,000 US dollars - **Cost of revenue (calculated)**: 24,205,000,000 US dollars - **Gross profit (calculated)**: 16,367,000,000 US dollars - **Operating expenses (calculated)**: 8,680,000,000 US dollars - **Operating profit (calculated)**: 7,687,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 7,687,000,000 US dollars - **Provision for income taxes**: 1,845,000,000 US dollars - **Net Income**: 5,846,000,000 US dollars - **Production & Precision Ag (PPA)**: 16,964,000,000 US dollars - **Small Ag & Turf (SAT)**: 8,873,000,000 US dollars - **Construction & Forestry (CF)**: 10,476,000,000 US dollars - **Undisclosed (calculated)**: 4,259,000,000 US dollars - **Cost of sales**: 24,205,000,000 US dollars - **Research and development expenses**: 1,664,000,000 US dollars - **Selling, administrative and general expenses**: 3,608,000,000 US dollars - **Interest expense**: 2,478,000,000 US dollars - **Other operating expenses**: 930,000,000 US dollars - **Equity in income of unconsolidated affiliates**: 4,000,000 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: $5.86 B; to noncontrolling interests: −$9.00 M. ## Chart details: Revenue by Business Segment by Timing of Transfer - Page: https://plicit.ai/financials/de/fy2024-ytd-q3-income-statement/revenue-by-business-segment-by-timing-of-transfer - Chart image: https://plicit.ai/charts/de-fy2024-ytd-q3-revenue-by-business-segment-by-timing-of-transfer-sankey.png Income statement for 2023-10-30 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**: 40,572,000,000 US dollars - **Cost of revenue (calculated)**: 24,205,000,000 US dollars - **Gross profit (calculated)**: 16,367,000,000 US dollars - **Operating expenses (calculated)**: 8,680,000,000 US dollars - **Operating profit (calculated)**: 7,687,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 7,687,000,000 US dollars - **Provision for income taxes**: 1,845,000,000 US dollars - **Net Income**: 5,846,000,000 US dollars - **Construction & Forestry (CF) - Revenue Recognized at a Point in Time**: 10,395,000,000 US dollars - **Construction & Forestry (CF) - Revenue Recognized Over Time**: 81,000,000 US dollars - **Production & Precision Ag (PPA) - Revenue Recognized at a Point in Time**: 16,707,000,000 US dollars - **Production & Precision Ag (PPA) - Revenue Recognized Over Time**: 257,000,000 US dollars - **Small Ag & Turf (SAT) - Revenue Recognized at a Point in Time**: 8,753,000,000 US dollars - **Small Ag & Turf (SAT) - Revenue Recognized Over Time**: 120,000,000 US dollars - **Undisclosed (calculated)**: 4,259,000,000 US dollars - **Cost of sales**: 24,205,000,000 US dollars - **Research and development expenses**: 1,664,000,000 US dollars - **Selling, administrative and general expenses**: 3,608,000,000 US dollars - **Interest expense**: 2,478,000,000 US dollars - **Other operating expenses**: 930,000,000 US dollars - **Equity in income of unconsolidated affiliates**: 4,000,000 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: $5.86 B; to noncontrolling interests: −$9.00 M. ## Chart details: Revenue by Business Segment by Product and Service - Page: https://plicit.ai/financials/de/fy2024-ytd-q3-income-statement/revenue-by-business-segment-by-product-and-service - Chart image: https://plicit.ai/charts/de-fy2024-ytd-q3-revenue-by-business-segment-by-product-and-service-sankey.png Income statement for 2023-10-30 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**: 40,572,000,000 US dollars - **Cost of revenue (calculated)**: 24,205,000,000 US dollars - **Gross profit (calculated)**: 16,367,000,000 US dollars - **Operating expenses (calculated)**: 8,680,000,000 US dollars - **Operating profit (calculated)**: 7,687,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 7,687,000,000 US dollars - **Provision for income taxes**: 1,845,000,000 US dollars - **Net Income**: 5,846,000,000 US dollars - **Construction & Forestry (CF) - Compact Construction**: 1,964,000,000 US dollars - **Construction & Forestry (CF) - Construction**: 4,528,000,000 US dollars - **Construction & Forestry (CF) - Forestry**: 832,000,000 US dollars - **Construction & Forestry (CF) - Roadbuilding**: 2,804,000,000 US dollars - **Production & Precision Ag (PPA) - Production Agriculture**: 16,336,000,000 US dollars - **Small Ag & Turf (SAT) - Small Agriculture**: 5,984,000,000 US dollars - **Small Ag & Turf (SAT) - Turf**: 2,491,000,000 US dollars - **Undisclosed (calculated)**: 5,633,000,000 US dollars - **Cost of sales**: 24,205,000,000 US dollars - **Research and development expenses**: 1,664,000,000 US dollars - **Selling, administrative and general expenses**: 3,608,000,000 US dollars - **Interest expense**: 2,478,000,000 US dollars - **Other operating expenses**: 930,000,000 US dollars - **Equity in income of unconsolidated affiliates**: 4,000,000 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: $5.86 B; to noncontrolling interests: −$9.00 M. ## Chart details: Revenue by Product and Service (3 categories) - Page: https://plicit.ai/financials/de/fy2024-ytd-q3-income-statement/revenue-by-product-and-service-3-categories - Chart image: https://plicit.ai/charts/de-fy2024-ytd-q3-revenue-by-product-and-service-3-categories-sankey.png Income statement for 2023-10-30 through 2024-07-28. View: Product and service (3 categories). Revenue and costs use their disclosed categories. - **Net sales and revenues**: 40,572,000,000 US dollars - **Cost of revenue (calculated)**: 24,205,000,000 US dollars - **Gross profit (calculated)**: 16,367,000,000 US dollars - **Operating expenses (calculated)**: 8,680,000,000 US dollars - **Operating profit (calculated)**: 7,687,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 7,687,000,000 US dollars - **Provision for income taxes**: 1,845,000,000 US dollars - **Net Income**: 5,846,000,000 US dollars - **Net Sales revenue**: 35,484,000,000 US dollars - **Finance and Interest Income**: 4,207,000,000 US dollars - **Other income**: 881,000,000 US dollars - **Net Sales cost of revenue**: 24,205,000,000 US dollars - **Research and development expenses**: 1,664,000,000 US dollars - **Selling, administrative and general expenses**: 3,608,000,000 US dollars - **Interest expense**: 2,478,000,000 US dollars - **Other operating expenses**: 930,000,000 US dollars - **Equity in income of unconsolidated affiliates**: 4,000,000 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: $5.86 B; to noncontrolling interests: −$9.00 M. ## Chart details: Revenue by Business Segment by Geography - Page: https://plicit.ai/financials/de/fy2024-ytd-q3-income-statement/revenue-by-business-segment-by-geography - Chart image: https://plicit.ai/charts/de-fy2024-ytd-q3-revenue-by-business-segment-by-geography-sankey.png Income statement for 2023-10-30 through 2024-07-28. View: Segments by Geographical. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 40,572,000,000 US dollars - **Cost of revenue (calculated)**: 24,205,000,000 US dollars - **Gross profit (calculated)**: 16,367,000,000 US dollars - **Operating expenses (calculated)**: 8,680,000,000 US dollars - **Operating profit (calculated)**: 7,687,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 7,687,000,000 US dollars - **Provision for income taxes**: 1,845,000,000 US dollars - **Net Income**: 5,846,000,000 US dollars - **Construction & Forestry (CF) - CANADA**: 635,000,000 US dollars - **Construction & Forestry (CF) - UNITED STATES**: 6,563,000,000 US dollars - **Construction & Forestry (CF) - Asia, Africa, Oceania, and Middle East**: 829,000,000 US dollars - **Construction & Forestry (CF) - Central Europe and CIS**: 291,000,000 US dollars - **Construction & Forestry (CF) - Western Europe**: 1,263,000,000 US dollars - **Construction & Forestry (CF) - Latin America**: 895,000,000 US dollars - **Production & Precision Ag (PPA) - CANADA**: 1,475,000,000 US dollars - **Production & Precision Ag (PPA) - UNITED STATES**: 9,441,000,000 US dollars - **Production & Precision Ag (PPA) - Asia, Africa, Oceania, and Middle East**: 1,199,000,000 US dollars - **Production & Precision Ag (PPA) - Central Europe and CIS**: 655,000,000 US dollars - **Production & Precision Ag (PPA) - Western Europe**: 1,684,000,000 US dollars - **Production & Precision Ag (PPA) - Latin America**: 2,510,000,000 US dollars - **Small Ag & Turf (SAT) - CANADA**: 492,000,000 US dollars - **Small Ag & Turf (SAT) - UNITED STATES**: 5,011,000,000 US dollars - **Small Ag & Turf (SAT) - Asia, Africa, Oceania, and Middle East**: 1,074,000,000 US dollars - **Small Ag & Turf (SAT) - Central Europe and CIS**: 223,000,000 US dollars - **Small Ag & Turf (SAT) - Western Europe**: 1,747,000,000 US dollars - **Small Ag & Turf (SAT) - Latin America**: 326,000,000 US dollars - **Undisclosed (calculated)**: 4,259,000,000 US dollars - **Cost of sales**: 24,205,000,000 US dollars - **Research and development expenses**: 1,664,000,000 US dollars - **Selling, administrative and general expenses**: 3,608,000,000 US dollars - **Interest expense**: 2,478,000,000 US dollars - **Other operating expenses**: 930,000,000 US dollars - **Equity in income of unconsolidated affiliates**: 4,000,000 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: $5.86 B; to noncontrolling interests: −$9.00 M.