John Deere 2014 Annual Report Download - page 12

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12
–Operating prot of the
equipment operations totals
$4.3 billion, down 15%, on
lower Agriculture & Turf sales,
partially offset by higher
Construction & Forestry sales.
–With focus on innovation,
John Deere Technology
Center-India, in Pune,
inaugurates 10,500-square-foot research and development
lab in nearby Lonikand. Facility expands advanced engineering
capabilities.
–Engines introduced below 174 horsepower certied to latest
U.S. EPA Final Tier 4/EU Stage IV
(FT4) emissions standards; this
completes FT4 coverage for
full 45- to 600-horsepower
range of John Deere-designed
and -built engines.
–Extending our competitive edge
in customer support, company
begins work on new parts facility
in India and expansion of parts
center in Brazil; both facilities expected to be operational in 2015.
–Company now offers JDLink technology in 48 countries,
helping customers monitor their eet’s performance remotely,
analyze fuel usage, schedule maintenance, and secure machines
through geo-fencing and electronic curfews.
DEERE ENTERPRISE SVA* (MM)
2014 HIGHLIGHTS
–Net sales and revenues decline
5%, to $36.1 billion; earnings
are $3.16 billion, second-best in
company history.
–SVA declines on lower prots
but remains at third-highest-
ever level.
–Cash ow from operations
continues to be strong, at
$3.53 billion.
–Combined dividend payments and share repurchases total a
record $3.5 billion; quarterly dividend rate boosted to 60 cents;
company repurchases 31.5 million shares.
–Maintaining focus on core equipment businesses, Deere
completes sale of irrigation business and majority interest in
landscapes operation; also agreement announced for sale of
crop insurance business.
EQUIPMENT OPERATIONS SVA (MM)
2012 2013 2014
$2,602 $3,147 $2,437
2012 2013 2014
$2,694
$3,390
$2,776
* SVA is a non-GAAP nancial measure. See page 15 for details.
Deere & Company World Headquarters in Moline, Illinois,
a capstone of Finnish-American architect Eero Saarinen’s
distinguished career, turned 50 years old in 2014.