John Deere 2014 Annual Report Download - page 30

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STATEMENT OF CONSOLIDATED INCOME
For the Years Ended October 31, 2014, 2013 and 2012
(In millions of dollars)
2014 2013 2012
_______ _______ _______
Net Sales and Revenues
Net sales .................................................................................................................................................... $ 32,960.6 $ 34,997.9 $ 33,500.9
Finance and interest income ....................................................................................................................... 2,282.1 2,115.1 1,981.3
Other income ............................................................................................................................................. 824.2 682.4 674.9
Total ..................................................................................................................................................... 36,066.9 37,795.4 36,157.1
Costs and Expenses
Cost of sales .............................................................................................................................................. 24,775.8 25,667.3 2 5, 0 07. 8
Research and development expenses .......................................................................................................... 1,452.0 1,47 7.3 1,433.6
Selling, administrative and general expenses ............................................................................................... 3,284.4 3,605.5 3 ,417.0
Interest expense ......................................................................................................................................... 664.0 741.3 782.8
Other operating expenses ........................................................................................................................... 1,093.3 820.6 781.5
Total ..................................................................................................................................................... 31,269.5 32,312.0 31,422.7
Income of Consolidated Group before Income Taxes .......................................................................... 4,797.4 5,483.4 4,734.4
Provision for income taxes .......................................................................................................................... 1,626.5 1,945.9 1,659.4
Income of Consolidated Group............................................................................................................... 3,170.9 3,537.5 3,075.0
Equity in income (loss) of unconsolidated affiliates ....................................................................................... ( 7.6 ) .1 (3.4)
Net Income .............................................................................................................................................. 3,163.3 3,5 37.6 3,071.6
Less: Net income attributable to noncontrolling interests .......................................................................... 1.6 .3 6.9
Net Income Attributable to Deere & Company ...................................................................................... $ 3,161.7 $ 3,537.3 $ 3,064.7
Per Share Data
Basic ......................................................................................................................................................... $ 8.71 $ 9.18 $ 7.72
Diluted ....................................................................................................................................................... $ 8.63 $ 9.09 $ 7.6 3
Dividends declared ..................................................................................................................................... $ 2.22 $ 1.99 $ 1.79
Average Shares Outstanding
Basic ......................................................................................................................................................... 363.0 385.3 397.1
Diluted ....................................................................................................................................................... 366.1 389.2 401.5
The notes to consolidated financial statements are an integral part of this statement.
Deere & Company
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