Deere & Co.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $5.03B | $7.10B | $10.17B | $7.13B | $5.96B | $2.75B | $3.25B | $2.37B |
| Depreciation & Amortization | $2.23B | $2.12B | $2.00B | $1.90B | $2.05B | $2.12B | $2.02B | $1.93B |
| Depreciation | — | — | — | — | — | $800.0M | $779.0M | $754.0M |
| Amortization | $143.0M | $166.0M | $169.0M | $145.0M | $116.0M | $102.0M | $109.0M | $100.0M |
| Stock-Based Compensation | $151.0M | $208.0M | $130.0M | $85.0M | $82.0M | $81.0M | $82.0M | $84.0M |
| Net Cash from Operating Activities | $7.46B | $9.23B | $8.59B | $4.70B | $7.73B | $7.48B | $3.41B | $1.82B |
| Investing Activities | ||||||||
| Capital Expenditures | $1.36B | $1.64B | $1.50B | $1.13B | $848.0M | $820.0M | $1.12B | $896.0M |
| Business Acquisitions | $101.0M | — | $82.0M | $498.0M | $244.0M | $66.0M | — | $5.25B |
| Net Cash from Investing Activities | $-2.06B | $-6.46B | $-8.75B | $-8.49B | $-5.75B | $-3.32B | $-3.92B | $-8.18B |
| Financing Activities | ||||||||
| Dividends Paid | $1.72B | $1.61B | $1.43B | $1.31B | $1.04B | $956.0M | $943.0M | $806.0M |
| Stock Repurchases | $1.14B | $4.01B | $7.22B | $3.60B | $2.54B | $750.0M | $1.25B | $958.0M |
| Net Cash from Financing Activities | $-4.58B | $-2.72B | $2.81B | $826.0M | $-1.08B | $-980.0M | $509.0M | $876.0M |
| Net Change in Cash | $900.0M | $13.0M | $2.68B | $-3.18B | $953.0M | $3.22B | $-59.0M | $-5.43B |
| Free Cash Flow | $6.10B | $7.59B | $7.09B | $3.57B | $6.88B | $6.66B | $2.29B | $926.0M |