Deere & Company
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $29.74B | $26.64B | $28.86B | $36.07B | $37.80B | $36.16B | $32.01B | $26.00B |
| Cost of Revenue | $19.93B | $18.25B | $20.14B | $24.78B | $25.67B | $25.01B | $21.92B | $17.40B |
| Gross Profit | $9.80B | $8.40B | $8.72B | $11.29B | $12.13B | $11.15B | $10.09B | $8.61B |
| Gross Margin | 33.0% | 31.5% | 30.2% | 31.3% | 32.1% | 30.8% | 31.5% | 33.1% |
| Operating Expenses | ||||||||
| Research & Development | $1.37B | $1.39B | $1.43B | $1.45B | $1.48B | $1.43B | $1.23B | $1.05B |
| SG&A Expense | $3.10B | $2.76B | $2.87B | $3.28B | $3.61B | $3.42B | $3.17B | $2.97B |
| Operating Income | $3.57B | $2.59B | $3.14B | $5.22B | $5.93B | $5.11B | $4.56B | $3.41B |
| Operating Margin | 12.0% | 9.7% | 10.9% | 14.5% | 15.7% | 14.1% | 14.3% | 13.1% |
| Interest Expense | $899.0M | $763.7M | $680.0M | $664.0M | $741.3M | $782.8M | $759.4M | $811.4M |
| Pretax Income | $3.15B | $2.22B | $2.78B | $4.80B | $5.48B | $4.73B | $4.22B | $3.03B |
| Income Tax Expense | $971.0M | $700.1M | $840.1M | $1.63B | $1.95B | $1.66B | $1.42B | $1.16B |
| Net Income | $2.16B | $1.52B | $1.94B | $3.16B | $3.54B | $3.06B | $2.80B | $1.87B |
| Net Margin | 7.3% | 5.7% | 6.7% | 8.8% | 9.4% | 8.5% | 8.7% | 7.2% |
| EPS (Basic) | $6.76 | $4.83 | $5.81 | $8.71 | $9.18 | $7.72 | $6.71 | $4.40 |
| EPS (Diluted) | $6.68 | $4.81 | $5.77 | $8.63 | $9.09 | $7.63 | $6.63 | $4.35 |
| Shares Outstanding (Basic) | 319.5M | 315.2M | 333.6M | 363.0M | 385.3M | 397.1M | 417.4M | 424.0M |
| Shares Outstanding (Diluted) | 323.3M | 316.6M | 336.0M | 366.1M | 389.2M | 401.5M | 422.4M | 428.6M |
| Dividends Per Share | $2.40 | $2.40 | $2.40 | $2.22 | $1.99 | $1.79 | $1.52 | $1.16 |