Deere & Company (DE)

Deere & Company Cash Flow Statement

Financials in millions USD. Fiscal year is December - November.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 2, 2025	Oct 27, 2024	Oct 29, 2023	Oct 30, 2022	Oct 31, 2021
Net Income	5,027	7,100	10,166	7,131	5,963
Depreciation & Amortization	2,229	1,938	1,860	1,778	1,929
Other Amortization	-	180	144	117	121
Asset Writedown & Restructuring Costs	41	125	191	88	50
Loss (Gain) From Sale of Investments	-	-	-	-326	-
Stock-Based Compensation	151	208	130	85	82
Provision & Write-off of Bad Debts	296	310	-16	192	-6
Other Operating Activities	158	-449	-549	-51	-809
Change in Accounts Receivable	1,084	421	-4,253	-2,483	969
Change in Inventory	-275	788	279	-2,091	-2,497
Change in Accounts Payable	-251	-1,040	830	1,133	1,884
Change in Income Taxes	-136	-123	-23	141	11
Change in Other Net Operating Assets	-865	-227	-170	-1,015	29
Operating Cash Flow	7,459	9,231	8,589	4,699	7,726
Operating Cash Flow Growth	-19.20%	7.47%	82.78%	-39.18%	3.25%
Capital Expenditures	-4,228	-4,802	-4,468	-3,788	-2,580
Sale of Property, Plant & Equipment	1,917	1,929	1,981	2,093	2,094
Cash Acquisitions	-101	-	-82	-498	-244
Investment in Securities	290	-223	-305	-171	-
Other Investing Activities	65	-3,368	-5,875	-6,121	-5,020
Investing Cash Flow	-2,057	-6,464	-8,749	-8,485	-5,750
Short-Term Debt Issued	-	-	4,008	3,852	818
Long-Term Debt Issued	13,161	18,096	15,429	10,358	8,722
Total Debt Issued	13,161	18,096	19,437	14,210	9,540
Short-Term Debt Repaid	-2,539	-1,856	-	-	-
Long-Term Debt Repaid	-12,264	-13,232	-7,913	-8,445	-7,090
Total Debt Repaid	-14,803	-15,088	-7,913	-8,445	-7,090
Net Debt Issued (Repaid)	-1,642	3,008	11,524	5,765	2,450
Repurchase of Common Stock	-1,138	-4,007	-7,216	-3,597	-2,538
Common Dividends Paid	-1,720	-1,605	-1,427	-1,313	-1,040
Other Financing Activities	-79	-113	-73	-29	50
Financing Cash Flow	-4,579	-2,717	2,808	826	-1,078
Foreign Exchange Rate Adjustments	77	-37	31	-224	55
Net Cash Flow	900	13	2,679	-3,184	953
Free Cash Flow	3,231	4,429	4,121	911	5,146
Free Cash Flow Growth	-27.05%	7.47%	352.36%	-82.30%	6.61%
Free Cash Flow Margin	7.07%	8.60%	6.73%	1.73%	11.70%
Free Cash Flow Per Share	11.89	15.98	14.04	2.97	16.39
Cash Interest Paid	-	3,298	2,227	1,101	1,041
Cash Income Tax Paid	-	2,518	3,578	1,940	2,075
Levered Free Cash Flow	3,902	-275.88	3,645	-409.5	1,071
Unlevered Free Cash Flow	4,056	-172.13	3,702	-245.13	1,262
Change in Working Capital	-443	-181	-3,337	-4,315	396

Updated Nov 26, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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