DEERE & CO (DE) FY2025 Q1 P&L / Income Statement

DEERE & CO (DE) FY2025 Q1 P&L / Income Statement

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.