Deere & Company (DE) quarterly cash flow statement — complete operating, investing & financing history
Deere & Company (DE) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Cash from Operations | 2.21B | 1.93B | -890M | 4B | 2.9B | 1.7B | -1.13B | 5.09B | 3.19B | 1.85B | -908M | 5.69B | 3.04B | 1.1B | -1.25B | 4.28B | 2.18B | 791M | -2.55B | 3.41B |
| Operating CF Margin % | 17.51% | 14.45% | -9.26% | 33.03% | 24.58% | 13.57% | -13.7% | 47.03% | 24.87% | 12.35% | -7.66% | 37.56% | 19.59% | 6.41% | -10.05% | 28.02% | 15.74% | 6.17% | -27.36% | 30.73% |
| Operating CF Growth % | -23.76% | 13.65% | 21.38% | -21.54% | -9.36% | -8.21% | -24.67% | -10.56% | 5% | 68.52% | 27.13% | 32.98% | 39.59% | 38.94% | 51.19% | 25.47% | -13.77% | -51.86% | -1885.31% | -0.41% |
| Net Income | 1.38B | 1.77B | 656M | 1.06B | 1.27B | 1.8B | 867M | 1.24B | 1.73B | 2.37B | 1.75B | 2.37B | 2.97B | 2.86B | 1.96B | 2.24B | 1.89B | 2.1B | 904M | 1.28B |
| Depreciation & Amortization | 603M | 0 | 590M | 561M | 564M | 555M | 549M | 520M | 553M | 525M | 520M | 477M | 532M | 501M | 494M | 452M | 510M | 447M | 486M | 481M |
| Stock-Based Compensation | 47M | 0 | 0 | 0 | 50M | 26M | 28M | 49M | 55M | 58M | 46M | 18M | 58M | 31M | 23M | 21M | 20M | 26M | 18M | 18M |
| Deferred Taxes | 7M | 0 | 18M | -186M | -113M | -197M | 208M | -169M | -5M | -147M | 27M | -361M | -52M | -321M | -56M | -60M | -43M | -173M | 210M | -170M |
| Other Non-Cash Items | 78M | 624M | 76M | 92M | 141M | 391M | 21M | 189M | -111M | 190M | 24M | 142M | 53M | 176M | 56M | 138M | 22M | -205M | -20M | -68M |
| Working Capital Changes | 96M | -465M | -2.23B | 2.46B | 983M | -875M | -2.81B | 3.26B | 973M | -1.14B | -3.27B | 3.05B | -520M | -2.15B | -3.72B | 1.49B | -214M | -1.4B | -4.15B | 1.87B |
| Change in Receivables | -168M | -1.43B | 350M | 1.58B | 575M | -2.13B | 1.06B | 2.87B | 23M | -2.19B | -277M | 806M | -652M | -3.39B | -1.01B | -126M | -822M | -1.43B | -106M | 1.41B |
| Change in Inventory | 295M | 8M | -746M | 251M | 246M | 23M | -795M | 554M | 643M | 314M | -723M | 942M | 319M | 297M | -1.28B | 435M | -261M | -968M | -1.3B | -680M |
| Change in Payables | 67M | 1.15B | -1.49B | 466M | 181M | 0 | 0 | 0 | 0 | 0 | 0 | 783M | 652M | 1.26B | 0 | 1.15B | 428M | 1.11B | -1.55B | 1.14B |
| Cash from Investing | -918M | -1.73B | 1.82B | -1.26B | -1.58B | -637M | 1.42B | -2.79B | -2B | -2.89B | 1.22B | -4.19B | -3.07B | -2.25B | 760M | -4.05B | -2.54B | -2.54B | 648M | -2.65B |
| Capital Expenditures | -265M | -1.06B | -688M | -1.37B | -1.05B | -1.02B | -791M | -1.59B | -1.12B | -1.27B | -816M | -1.61B | -1.04B | -1B | -812M | -1.48B | -963M | -766M | -584M | -878M |
| CapEx % of Revenue | 2.1% | 7.91% | 7.16% | 11.3% | 8.93% | 8.13% | 9.57% | 14.72% | 8.72% | 8.48% | 6.89% | 10.64% | 6.71% | 5.83% | 6.55% | 9.66% | 6.96% | 5.97% | 6.26% | 7.91% |
| Acquisitions | -16M | 203M | 377M | 497M | 0 | 568M | 0 | 478M | 0 | 0 | 0 | -5M | -77M | 491M | 0 | -10M | -15M | 107M | -24M | -225M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -691M | -874M | 2.12B | -408M | -391M | -165M | 2.29B | -1.69B | -874M | -1.43B | 2.08B | -2.57B | -1.95B | -1.74B | 1.57B | -2.57B | -1.62B | -1.9B | 1.28B | -1.49B |
| Cash from Financing | -201M | 863M | -2.49B | -3.02B | -736M | 102M | -923M | -1.93B | 373M | 1.48B | -2.65B | -571M | 1.36B | 2.36B | -339M | 311M | 901M | 1.19B | -1.58B | -227M |
| Debt Issued (Net) | 478M | 1.49B | -1.73B | -2.55B | 34M | 939M | -69M | -720M | 1.62B | 3.01B | -901M | 2.37B | 3.86B | 4.02B | 1.28B | 1.79B | 2.48B | 2.09B | -605M | 816M |
| Equity Issued (Net) | -197M | -198M | -302M | -2M | -298M | -397M | -441M | -780M | -805M | -1.09B | -1.33B | -2.55B | -2.12B | -1.28B | -1.24B | -1.11B | -1.25B | -564M | -612M | -758M |
| Dividends Paid | -438M | -437M | -441M | -438M | -439M | -440M | -403M | -403M | -406M | -410M | -386M | -362M | -368M | -356M | -341M | -342M | -322M | -322M | -327M | -279M |
| Share Repurchases | -197M | -198M | -302M | -2M | -298M | -397M | -441M | -780M | -805M | -1.09B | -1.33B | -2.55B | -2.12B | -1.29B | -1.26B | -1.12B | -1.25B | -603M | -623M | -758M |
| Other Financing | -44M | 4M | -15M | -36M | -33M | 0 | -10M | -25M | -36M | -22M | -30M | -30M | -10M | -15M | -39M | -30M | -16M | -13M | -33M | -6M |
| Net Change in Cash | 1.01B | 1.11B | -1.48B | -304M | 668M | 1.27B | -726M | 340M | 1.57B | 427M | -2.32B | 842M | 1.39B | 1.21B | -763M | 456M | 506M | -590M | -3.56B | 486M |
| Free Cash Flow | 1.94B | 874M | -1.58B | 2.63B | 1.84B | 682M | -1.92B | 3.5B | 2.08B | 580M | -1.72B | 4.08B | 2B | 98M | -2.06B | 2.81B | 1.22B | 25M | -3.14B | 2.53B |
| FCF Margin % | 15.41% | 6.54% | -16.42% | 21.73% | 15.65% | 5.45% | -23.28% | 32.31% | 16.15% | 3.87% | -14.55% | 26.92% | 12.88% | 0.57% | -16.6% | 18.37% | 8.79% | 0.19% | -33.62% | 22.82% |
| FCF Growth % | 5.37% | 28.15% | 17.94% | -24.87% | -11.13% | 17.59% | -11.54% | -14.26% | 3.7% | 491.84% | 16.23% | 45.4% | 64.42% | 292% | 34.4% | 10.73% | -36.28% | -97.52% | -928.52% | -5.31% |
| FCF per Share | 7.18 | 3.23 | -5.83 | 9.69 | 6.79 | 2.51 | -7.06 | 12.79 | 7.53 | 2.09 | -6.13 | 14.22 | 6.85 | 0.33 | -6.88 | 9.29 | 3.98 | 0.08 | -10.14 | 8.13 |
| FCF Conversion (FCF/Net Income) | 1.60x | 1.09x | -1.36x | 3.75x | 2.25x | 0.94x | -1.30x | 4.09x | 1.84x | 0.78x | -0.52x | 2.40x | 1.02x | 0.38x | -0.64x | 1.91x | 1.16x | 0.38x | -2.83x | 2.66x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |