EXHIBIT 1 Deere & Company Income Statements, 20122014 (in thousands, except per share amounts) ...
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Accounting
EXHIBIT 1
Deere & Company Income Statements, 20122014 (in thousands, except per share amounts)
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 | 25,007.8 |
Research and development expenses | 1,452.0 | 1,477.3 | 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 | 3,537.6 | 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 | $ 7.63 |
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 |
Source: Deere & Company 2014 Annual Report.
EXHIBIT 2
Deere & Company Balance Sheets, Fiscal 2011-Fiscal 2013 (in thousands)
2014 | 2013 | |
ASSETS | ||
Cash and cash equivalents | $3,787.0 | $3,504.0 |
Marketable securities | 1,215.1 | 1,624.8 |
Receivables from unconsolidated affiliates | 30.2 | 31.2 |
Trade accounts and notes receivablenet | 3,277.6 | 3,758.2 |
Financing receivablesnet | 27,422.2 | 25,632.7 |
Financing receivables securitizednet | 4,602.3 | 4,153.1 |
Other receivables | 1,500.3 | 1,464.0 |
Equipment on operating leasesnet | 4,015.5 | 3,152.2 |
Inventories | 4,209.7 | 4,934.7 |
Property and equipmentnet | 5,577.8 | 5,466.9 |
Investments in unconsolidated affiliates | 303.2 | 221.4 |
Goodwill | 791.2 | 844.8 |
Other intangible assetsnet | 68.8 | 77.1 |
Retirement benefits | 262.0 | 551.1 |
Deferred income taxes | 2,776.6 | 2,325.4 |
Other assets | 1,496.9 | 1,274.7 |
Assets held for sale | 505.0 | |
Total assets | $61,336.4 | $59,521.3 |
LIABILITIES AND STOCKHOLDERS EQUITY | ||
LIABILITIES | ||
Short-term borrowings | $8,019.2 | $8,788.9 |
Short-term securitization borrowings | 4,558.5 | 4,109.1 |
Payables to unconsolidated affiliates | 101.0 | 106.9 |
Accounts payable and accrued expenses | 8,554.1 | 8,973.6 |
Deferred income taxes | 160.9 | 160.3 |
Long-term borrowings | 24,380.7 | 21,577.7 |
Retirement benefits and other liabilities | 6,496.5 | 5,416.7 |
Liabilities held for sale | 120.4 | |
Total liabilities | 52,270.9 | 49,253.6 |
STOCKHOLDERS EQUITY | ||
Common stock, $1 par value (authorized, 1,200,000,000 shares; issued, 536,431,204 shares in 2014 and 2013), at paid-in amount | 3,675.4 | 3,524.2 |
Common stock in treasury, 190,926,805 shares in 2014 and 162,628,440 shares in 2013, at cost | (12,834.2) | (10,210.9) |
Retained earnings | 22,004.4 | 19,645.6 |
Accumulated other comprehensive income (loss) | (3,783.0) | (2,693.1) |
Total Deere & Company stockholders equity | 9,062.6 | 10,265.8 |
Noncontrolling interests | 2.9 | 1.9 |
Total stockholders equity | 9,065.5 | 10,267.7 |
Total Liabilities and Stockholders Equity | $61,336.4 | $59,521.3 |
Question: Calculate the following ratios: Gross profit margin, operating profit margin, net profit margin, total return on assets, ROE, ROE, ROIC, EPS, current atio, working capital, debt to assets ratio, long term debt to capital ratio.
Note: year 2012 in the balance sheet is omited so only 2014 and 2013 are used for the calculations that needs data from the balance sheet.
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