John Deere 2009 Annual Report Download - page 50

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31. SUPPLEMENTAL CONSOLIDATING DATA
INCOME STATEMENT
For the Years Ended October 31, 2009, 2008 and 2007
(In millions of dollars)
EQUIPMENT OPERATIONS* FINANCIAL SERVICES
2009 2008 2007 2009 2008 2007
________ ________ _________ ________ ________ ________
Net Sales and Revenues
Net sales ................................................................................... $ 20,756.1 $ 25,803.5 $ 21,489.1
Finance and interest income ...................................................... 77.7 106.7 123.4 $ 2,037.3 $ 2,249.7 $ 2,225.2
Other income ............................................................................ 337.1 366.9 403.7 246.0 282.3 214.3
Total .................................................................................... 21,170.9 26,277.1 22,016.2 2,283.3 2,532.0 2,439.5
Costs and Expenses
Cost of sales ............................................................................. 16,256.9 19,576.2 16,254.0
Research and development expenses ......................................... 977.0 943.1 816.8
Selling, administrative and general expenses .............................. 2,262.4 2,517.0 2,237.0 528.3 451.9 390.8
Interest expense ........................................................................ 162.6 183.9 181.2 924.8 1,008.8 1,017.3
Interest compensation to Financial S er vices ................................ 227.9 2 32.4 246.4
Other operating expenses .......................................................... 186.1 192.7 157.8 588.5 579.3 478.8
Total .................................................................................... 20,072.9 23,645.3 19,893.2 2,041.6 2,040.0 1,886.9
Income of Consolidated Group before
Income Taxes ..................................................................... 1,098.0 2,631.8 2,123.0 241.7 492.0 552.6
Provision for income taxes ......................................................... 420.3 955.6 693.8 39.7 155.6 189.3
Income of Consolidated Group.............................................. 677.7 1,676.2 1,429.2 202.0 336.4 363.3
Equity in Income of Unconsolidated
Subsidiaries and Affi liates
Credit ................................................................................... 189.7 327.5 360.8 .5 1.0 .4
Other .................................................................................... 6.1 49.1 31.7
Total ................................................................................. 195.8 376.6 392.5 .5 1.0 .4
Net Income ............................................................................. $ 873.5 $ 2,052.8 $ 1,821.7 $ 202.5 $ 337.4 $ 363.7
* Deere & Company with Financial Services on the equity basis.
The supplemental consolidating data is presented for informational purposes. The “Equipment Operations” refl ect the basis of consolidation described in Note 1
to the consolidated fi nancial statements. The consolidated group data in the “Equipment Operations” income statement refl ect the results of the agriculture and
turf operations and construction and forestry operations. The supplemental “Financial Services” data represent primarily Deere & Company’s credit operations.
Transactions between the “Equipment Operations” and “Financial Services” have been eliminated to arrive at the consolidated fi nancial statements.
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