John Deere 2012 Annual Report Download - page 54
Download and view the complete annual report
Please find page 54 of the 2012 John Deere annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44 -
45 -
46 -
47 -
48 -
49 -
50 -
51 -
52 -
53 -
54 -
55 -
56 -
57 -
58 -
59 -
60
 |
 |
31. SUPPLEMENTAL CONSOLIDATING DATA
INCOME STATEMENT
For the Years Ended October 31, 2012, 2011 and 2010
(In millions of dollars)
EQUIPMENT OPERATIONS* FINANCIAL SERVICES
2012 2011 2010 2012 2011 2010
Net Sales and Revenues
Net sales ................................................................................... $ 33,500.9 $ 29,466.1 $ 23,573.2
Finance and interest income ...................................................... 74.0 73.3 64.8 $ 2,155.7 $ 2,080.8 $ 1,975.1
Other income ............................................................................ 493.2 455.5 386.2 298.8 292.5 322.5
Total .................................................................................... 34,0 68.1 29,994.9 24,024.2 2,454.5 2,373.3 2,297.6
Costs and Expenses
Cost of sales ............................................................................. 25,009.2 21,920.7 17,400.3
Research and development expenses ......................................... 1,433.6 1,226.2 1,052.4
Selling, administrative and general expenses .............................. 2,988.8 2,786.6 2,496.0 439.3 394.4 482.9
Interest expense ........................................................................ 231.1 191.4 184.1 596.4 621.0 670.1
Interest compensation to Financial Services ................................ 203.6 178.5 186.3
Other operating expenses .......................................................... 178.1 192.5 177.9 708.1 634.2 646.7
Total .................................................................................... 30,044.4 26,495.9 21,4 9 7.0 1,743.8 1,649.6 1,799.7
Income of Consolidated Group before
Income Taxes ..................................................................... 4,023.7 3,499.0 2,527.2 710.7 723.7 497.9
Provision for income taxes ......................................................... 1,4 07.6 1,169.6 1,035.2 251.8 253.9 126.4
Income of Consolidated Group.............................................. 2,616.1 2,329.4 1,492.0 458.9 469.8 371.5
Equity in Income (Loss) of Unconsolidated
Subsidiaries and Afliates
Financial Services ................................................................. 460.3 471.0 372.5 1.4 1.2 .9
Other .................................................................................... (4.8) 7.4 9.9
Total ................................................................................. 455.5 478.4 382.4 1.4 1.2 .9
Net Income ............................................................................. 3,071.6 2,807.8 1,874.4 460.3 471.0 372.4
Less: Net income (loss) attributable
to noncontrolling interests ...................................................... 6.9 7.9 9.4 (.1)
Net Income Attributable to Deere & Company ..................... $ 3,064.7 $ 2,799.9 $ 1,865.0 $ 460.3 $ 471.0 $ 372.5
* Deere & Company with Financial Services on the equity basis.
The supplemental consolidating data is presented for informational purposes. The “Equipment Operations” reflect the basis of consolidation described in Note 1
to the consolidated financial statements. The consolidated group data in the “Equipment Operations” income statement reflect the results of the agriculture and
turf operations and construction and forestry operations. Transactions between the “Equipment Operations” and “Financial Services” have been eliminated to
arrive at the consolidated financial statements.
54