# DEERE & CO (DE) FY2025 Q1 P&L / Income Statement - Company: DEERE & CO (DE) - Period: 2024-10-28 to 2025-01-26 - Filing: Q1 FY2025 10-Q, filed 2025-02-27, accession number 0001558370-25-001714 - Page: https://plicit.ai/financials/de/fy2025-q1-income-statement - Chart image: https://plicit.ai/charts/de-fy2025-q1-income-statement-sankey.png ## Chart details: Revenue by Product and Service (7 categories) Income statement for 2024-10-28 through 2025-01-26. View: Product and service (7 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 8,508,000,000 US dollars - **Cost of revenue (calculated)**: 5,037,000,000 US dollars - **Gross profit (calculated)**: 3,471,000,000 US dollars - **Operating expenses (calculated)**: 2,576,000,000 US dollars - **Operating profit (calculated)**: 895,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 895,000,000 US dollars - **Provision for income taxes**: 27,000,000 US dollars - **Net Income**: 867,000,000 US dollars - **Production Agriculture**: 3,002,000,000 US dollars - **Small Agriculture**: 1,234,000,000 US dollars - **Turf**: 463,000,000 US dollars - **Construction**: 770,000,000 US dollars - **Compact Construction**: 361,000,000 US dollars - **Roadbuilding**: 596,000,000 US dollars - **Forestry**: 226,000,000 US dollars - **Undisclosed (calculated)**: 1,856,000,000 US dollars - **Cost of sales**: 5,037,000,000 US dollars - **Research and development expenses**: 526,000,000 US dollars - **Selling, administrative and general expenses**: 972,000,000 US dollars - **Interest expense**: 829,000,000 US dollars - **Other operating expenses**: 249,000,000 US dollars - **Equity in income (loss) of unconsolidated affiliates**: negative 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: $869.00 M; to noncontrolling interests: −$2.00 M. ## Chart details: Revenue by Geography - Page: https://plicit.ai/financials/de/fy2025-q1-income-statement/revenue-by-geography - Chart image: https://plicit.ai/charts/de-fy2025-q1-revenue-by-geography-sankey.png Income statement for 2024-10-28 through 2025-01-26. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 8,508,000,000 US dollars - **Cost of revenue (calculated)**: 5,037,000,000 US dollars - **Gross profit (calculated)**: 3,471,000,000 US dollars - **Operating expenses (calculated)**: 2,576,000,000 US dollars - **Operating profit (calculated)**: 895,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 895,000,000 US dollars - **Provision for income taxes**: 27,000,000 US dollars - **Net Income**: 867,000,000 US dollars - **UNITED STATES**: 4,702,000,000 US dollars - **CANADA**: 721,000,000 US dollars - **Western Europe**: 1,016,000,000 US dollars - **Central Europe and CIS**: 181,000,000 US dollars - **Latin America**: 1,096,000,000 US dollars - **Asia, Africa, Oceania, and Middle East**: 792,000,000 US dollars - **Cost of sales**: 5,037,000,000 US dollars - **Research and development expenses**: 526,000,000 US dollars - **Selling, administrative and general expenses**: 972,000,000 US dollars - **Interest expense**: 829,000,000 US dollars - **Other operating expenses**: 249,000,000 US dollars - **Equity in income (loss) of unconsolidated affiliates**: negative 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: $869.00 M; to noncontrolling interests: −$2.00 M. ## Chart details: Revenue by Timing of Transfer - Page: https://plicit.ai/financials/de/fy2025-q1-income-statement/revenue-by-timing-of-transfer - Chart image: https://plicit.ai/charts/de-fy2025-q1-revenue-by-timing-of-transfer-sankey.png Income statement for 2024-10-28 through 2025-01-26. View: Timing of Transfer of Good or Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 8,508,000,000 US dollars - **Cost of revenue (calculated)**: 5,037,000,000 US dollars - **Gross profit (calculated)**: 3,471,000,000 US dollars - **Operating expenses (calculated)**: 2,576,000,000 US dollars - **Operating profit (calculated)**: 895,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 895,000,000 US dollars - **Provision for income taxes**: 27,000,000 US dollars - **Net Income**: 867,000,000 US dollars - **Revenue Recognized at a Point in Time**: 6,903,000,000 US dollars - **Revenue Recognized Over Time**: 1,605,000,000 US dollars - **Cost of sales**: 5,037,000,000 US dollars - **Research and development expenses**: 526,000,000 US dollars - **Selling, administrative and general expenses**: 972,000,000 US dollars - **Interest expense**: 829,000,000 US dollars - **Other operating expenses**: 249,000,000 US dollars - **Equity in income (loss) of unconsolidated affiliates**: negative 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: $869.00 M; to noncontrolling interests: −$2.00 M. ## Chart details: Revenue by Business Segment - Page: https://plicit.ai/financials/de/fy2025-q1-income-statement/revenue-by-business-segment - Chart image: https://plicit.ai/charts/de-fy2025-q1-revenue-by-business-segment-sankey.png Income statement for 2024-10-28 through 2025-01-26. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 8,508,000,000 US dollars - **Cost of revenue (calculated)**: 5,037,000,000 US dollars - **Gross profit (calculated)**: 3,471,000,000 US dollars - **Operating expenses (calculated)**: 2,576,000,000 US dollars - **Operating profit (calculated)**: 895,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 895,000,000 US dollars - **Provision for income taxes**: 27,000,000 US dollars - **Net Income**: 867,000,000 US dollars - **Production & Precision Ag (PPA)**: 3,173,000,000 US dollars - **Small Ag & Turf (SAT)**: 1,807,000,000 US dollars - **Construction & Forestry (CF)**: 2,058,000,000 US dollars - **Undisclosed (calculated)**: 1,470,000,000 US dollars - **Cost of sales**: 5,037,000,000 US dollars - **Research and development expenses**: 526,000,000 US dollars - **Selling, administrative and general expenses**: 972,000,000 US dollars - **Interest expense**: 829,000,000 US dollars - **Other operating expenses**: 249,000,000 US dollars - **Equity in income (loss) of unconsolidated affiliates**: negative 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: $869.00 M; to noncontrolling interests: −$2.00 M. ## Chart details: Revenue by Business Segment by Timing of Transfer - Page: https://plicit.ai/financials/de/fy2025-q1-income-statement/revenue-by-business-segment-by-timing-of-transfer - Chart image: https://plicit.ai/charts/de-fy2025-q1-revenue-by-business-segment-by-timing-of-transfer-sankey.png Income statement for 2024-10-28 through 2025-01-26. 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**: 8,508,000,000 US dollars - **Cost of revenue (calculated)**: 5,037,000,000 US dollars - **Gross profit (calculated)**: 3,471,000,000 US dollars - **Operating expenses (calculated)**: 2,576,000,000 US dollars - **Operating profit (calculated)**: 895,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 895,000,000 US dollars - **Provision for income taxes**: 27,000,000 US dollars - **Net Income**: 867,000,000 US dollars - **Construction & Forestry (CF) - Revenue Recognized at a Point in Time**: 2,028,000,000 US dollars - **Construction & Forestry (CF) - Revenue Recognized Over Time**: 30,000,000 US dollars - **Production & Precision Ag (PPA) - Revenue Recognized at a Point in Time**: 3,086,000,000 US dollars - **Production & Precision Ag (PPA) - Revenue Recognized Over Time**: 87,000,000 US dollars - **Small Ag & Turf (SAT) - Revenue Recognized at a Point in Time**: 1,760,000,000 US dollars - **Small Ag & Turf (SAT) - Revenue Recognized Over Time**: 47,000,000 US dollars - **Undisclosed (calculated)**: 1,470,000,000 US dollars - **Cost of sales**: 5,037,000,000 US dollars - **Research and development expenses**: 526,000,000 US dollars - **Selling, administrative and general expenses**: 972,000,000 US dollars - **Interest expense**: 829,000,000 US dollars - **Other operating expenses**: 249,000,000 US dollars - **Equity in income (loss) of unconsolidated affiliates**: negative 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: $869.00 M; to noncontrolling interests: −$2.00 M. ## Chart details: Revenue by Business Segment by Product and Service - Page: https://plicit.ai/financials/de/fy2025-q1-income-statement/revenue-by-business-segment-by-product-and-service - Chart image: https://plicit.ai/charts/de-fy2025-q1-revenue-by-business-segment-by-product-and-service-sankey.png Income statement for 2024-10-28 through 2025-01-26. View: Segments by Product and Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 8,508,000,000 US dollars - **Cost of revenue (calculated)**: 5,037,000,000 US dollars - **Gross profit (calculated)**: 3,471,000,000 US dollars - **Operating expenses (calculated)**: 2,576,000,000 US dollars - **Operating profit (calculated)**: 895,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 895,000,000 US dollars - **Provision for income taxes**: 27,000,000 US dollars - **Net Income**: 867,000,000 US dollars - **Construction & Forestry (CF) - Compact Construction**: 361,000,000 US dollars - **Construction & Forestry (CF) - Construction**: 770,000,000 US dollars - **Construction & Forestry (CF) - Forestry**: 226,000,000 US dollars - **Construction & Forestry (CF) - Roadbuilding**: 596,000,000 US dollars - **Production & Precision Ag (PPA) - Production Agriculture**: 3,002,000,000 US dollars - **Small Ag & Turf (SAT) - Small Agriculture**: 1,234,000,000 US dollars - **Small Ag & Turf (SAT) - Turf**: 463,000,000 US dollars - **Undisclosed (calculated)**: 1,856,000,000 US dollars - **Cost of sales**: 5,037,000,000 US dollars - **Research and development expenses**: 526,000,000 US dollars - **Selling, administrative and general expenses**: 972,000,000 US dollars - **Interest expense**: 829,000,000 US dollars - **Other operating expenses**: 249,000,000 US dollars - **Equity in income (loss) of unconsolidated affiliates**: negative 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: $869.00 M; to noncontrolling interests: −$2.00 M. ## Chart details: Revenue by Product and Service (3 categories) - Page: https://plicit.ai/financials/de/fy2025-q1-income-statement/revenue-by-product-and-service-3-categories - Chart image: https://plicit.ai/charts/de-fy2025-q1-revenue-by-product-and-service-3-categories-sankey.png Income statement for 2024-10-28 through 2025-01-26. View: Product and service (3 categories). Revenue and costs use their disclosed categories. - **Net sales and revenues**: 8,508,000,000 US dollars - **Cost of revenue (calculated)**: 5,037,000,000 US dollars - **Gross profit (calculated)**: 3,471,000,000 US dollars - **Operating expenses (calculated)**: 2,576,000,000 US dollars - **Operating profit (calculated)**: 895,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 895,000,000 US dollars - **Provision for income taxes**: 27,000,000 US dollars - **Net Income**: 867,000,000 US dollars - **Net Sales revenue**: 6,809,000,000 US dollars - **Finance and Interest Income**: 1,453,000,000 US dollars - **Other Income**: 246,000,000 US dollars - **Net Sales cost of revenue**: 5,037,000,000 US dollars - **Research and development expenses**: 526,000,000 US dollars - **Selling, administrative and general expenses**: 972,000,000 US dollars - **Interest expense**: 829,000,000 US dollars - **Other operating expenses**: 249,000,000 US dollars - **Equity in income (loss) of unconsolidated affiliates**: negative 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: $869.00 M; to noncontrolling interests: −$2.00 M. ## Chart details: Revenue by Business Segment by Geography - Page: https://plicit.ai/financials/de/fy2025-q1-income-statement/revenue-by-business-segment-by-geography - Chart image: https://plicit.ai/charts/de-fy2025-q1-revenue-by-business-segment-by-geography-sankey.png Income statement for 2024-10-28 through 2025-01-26. View: Segments by Geographical. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 8,508,000,000 US dollars - **Cost of revenue (calculated)**: 5,037,000,000 US dollars - **Gross profit (calculated)**: 3,471,000,000 US dollars - **Operating expenses (calculated)**: 2,576,000,000 US dollars - **Operating profit (calculated)**: 895,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 895,000,000 US dollars - **Provision for income taxes**: 27,000,000 US dollars - **Net Income**: 867,000,000 US dollars - **Construction & Forestry (CF) - CANADA**: 101,000,000 US dollars - **Construction & Forestry (CF) - UNITED STATES**: 1,113,000,000 US dollars - **Construction & Forestry (CF) - Asia, Africa, Oceania, and Middle East**: 224,000,000 US dollars - **Construction & Forestry (CF) - Central Europe and CIS**: 71,000,000 US dollars - **Construction & Forestry (CF) - Western Europe**: 344,000,000 US dollars - **Construction & Forestry (CF) - Latin America**: 205,000,000 US dollars - **Production & Precision Ag (PPA) - CANADA**: 354,000,000 US dollars - **Production & Precision Ag (PPA) - UNITED STATES**: 1,555,000,000 US dollars - **Production & Precision Ag (PPA) - Asia, Africa, Oceania, and Middle East**: 205,000,000 US dollars - **Production & Precision Ag (PPA) - Central Europe and CIS**: 67,000,000 US dollars - **Production & Precision Ag (PPA) - Western Europe**: 277,000,000 US dollars - **Production & Precision Ag (PPA) - Latin America**: 715,000,000 US dollars - **Small Ag & Turf (SAT) - CANADA**: 79,000,000 US dollars - **Small Ag & Turf (SAT) - UNITED STATES**: 949,000,000 US dollars - **Small Ag & Turf (SAT) - Asia, Africa, Oceania, and Middle East**: 308,000,000 US dollars - **Small Ag & Turf (SAT) - Central Europe and CIS**: 39,000,000 US dollars - **Small Ag & Turf (SAT) - Western Europe**: 352,000,000 US dollars - **Small Ag & Turf (SAT) - Latin America**: 80,000,000 US dollars - **Undisclosed (calculated)**: 1,470,000,000 US dollars - **Cost of sales**: 5,037,000,000 US dollars - **Research and development expenses**: 526,000,000 US dollars - **Selling, administrative and general expenses**: 972,000,000 US dollars - **Interest expense**: 829,000,000 US dollars - **Other operating expenses**: 249,000,000 US dollars - **Equity in income (loss) of unconsolidated affiliates**: negative 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: $869.00 M; to noncontrolling interests: −$2.00 M.