John Deere 2015 Annual Report Download - page 64
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31. SUPPLEMENTAL CONSOLIDATING DATA
INCOME STATEMENT
For the Years Ended October 31, 2015, 2014 and 2013
(In millions of dollars)
EQUIPMENT OPERATIONS* FINANCIAL SERVICES
2015 2014 2013 2015 2014 2013
Net Sales and Revenues
Net sales ................................................................................... $25,775.2 $32,960.6 $34,997.9
Finance and interest income .......................................................... 77.0 76.5 80.8 $ 2,557.0 $ 2,475.0 $ 2,280.5
Other income ............................................................................. 602.7 622.6 549.1 258.9 330.2 288.4
Total ..................................................................................... 26,454.9 33,659.7 35,627.8 2,815.9 2,805.2 2,568.9
Costs and Expenses
Cost of sales............................................................................... 20,145.2 24,777.8 25,668.8
Research and development expenses ............................................... 1,425.1 1,452.0 1,477.3
Selling, administrative and general expenses ..................................... 2,393.8 2,765.1 3,143.9 487.3 529.2 473.2
Interest expense.......................................................................... 272.8 289.4 297.1 455.0 430.9 487.6
Interest compensation to Financial Services ...................................... 204.8 212.1 202.7
Other operating expenses ............................................................. 195.0 285.4 223.7 911.7 925.6 739.0
Total ..................................................................................... 24,636.7 29,781.8 31,013.5 1,854.0 1,885.7 1,699.8
Income of Consolidated Group before Income Taxes ........................ 1,818.2 3,877.9 4,614.3 961.9 919.5 869.1
Provision for income taxes............................................................. 509.9 1,329.6 1,640.7 330.2 296.9 305.2
Income of Consolidated Group ..................................................... 1,308.3 2,548.3 2,973.6 631.7 622.6 563.9
Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates
Financial Services ..................................................................... 632.9 624.5 565.0 1.2 1.9 1.1
Other .................................................................................... (.3) (9.5) (1.0)
Total .................................................................................. 632.6 615.0 564.0 1.2 1.9 1.1
Net Income ............................................................................... 1,940.9 3,163.3 3,537.6 632.9 624.5 565.0
Less: Net income attributable to noncontrolling interests..................... .9 1.6 .3
Net Income Attributable to Deere & Company ................................ $ 1,940.0 $ 3,161.7 $ 3,537.3 $ 632.9 $ 624.5 $ 565.0
* 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.
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