SUPPLEMENTAL CONSOLIDATING DATA (Tables)


INCOME STATEMENT
For the Years Ended October 29, 2017, October 30, 2016, and November 1, 2015
(In millions of dollars)
	EQUIPMENT OPERATIONS*						FINANCIAL SERVICES
	2017		2016		2015		2017		2016		2015
Net Sales and Revenues
Net sales	$	25,885.1	$	23,387.3	$	25,775.2
Finance and interest income		71.7		61.1		77.0	$	2,928.2	$	2,690.1	$	2,557.0
Other income		1,065.0		653.7		602.7		250.9		229.0		258.9
Total		27,021.8		24,102.1		26,454.9		3,179.1		2,919.1		2,815.9

Costs and Expenses
Cost of sales		19,935.2		18,250.8		20,145.2
Research and development expenses		1,367.7		1,389.1		1,425.1
Selling, administrative and general expenses		2,530.7		2,262.5		2,393.8		542.3		508.5		487.3
Interest expense		263.7		250.5		272.8		669.2		536.5		455.0
Interest compensation to Financial Services		234.5		216.6		204.8
Other operating expenses		257.0		215.7		195.0		1,246.8		1,167.0		911.7
Total		24,588.8		22,585.2		24,636.7		2,458.3		2,212.0		1,854.0

Income of Consolidated Group before Income Taxes		2,433.0		1,516.9		1,818.2		720.8		707.1		961.9
Provision for income taxes		726.0		459.0		509.9		245.1		241.1		330.2
Income of Consolidated Group		1,707.0		1,057.9		1,308.3		475.7		466.0		631.7
Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates
Financial Services		476.9		467.6		632.9		1.2		1.6		1.2
Other		(24.7)		(4.0)		(.3)
Total		452.2		463.6		632.6		1.2		1.6		1.2
Net Income		2,159.2		1,521.5		1,940.9		476.9		467.6		632.9
Less: Net income (loss) attributable to noncontrolling interests		.1		(2.4)		.9
Net Income Attributable to Deere & Company	$	2,159.1	$	1,523.9	$	1,940.0	$	476.9	$	467.6	$	632.9

* 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.


BALANCE SHEET
As of October 29, 2017 and October 30, 2016
(In millions of dollars except per share amounts)
	EQUIPMENT OPERATIONS*				FINANCIAL SERVICES
	2017		2016		2017		2016
ASSETS
Cash and cash equivalents	$	8,168.4	$	3,140.5	$	1,166.5	$	1,195.3
Marketable securities		20.2		34.2		431.4		419.3
Receivables from unconsolidated subsidiaries and affiliates		1,032.1		3,150.1
Trade accounts and notes receivable - net		876.3		654.2		4,134.1		3,370.5
Financing receivables - net				.4		25,104.1		23,701.9
Financing receivables securitized - net						4,158.8		5,126.5
Other receivables		1,045.6		855.4		195.5		164.0
Equipment on operating leases - net						6,593.7		5,901.5
Inventories		3,904.1		3,340.5
Property and equipment - net		5,017.3		5,118.5		50.4		52.1
Investments in unconsolidated subsidiaries and affiliates		4,812.3		4,697.0		13.8		11.9
Goodwill		1,033.3		815.7
Other intangible assets - net		218.0		104.1
Retirement benefits		538.1		93.6		16.9		20.5
Deferred income taxes		3,098.8		3,556.0		79.8		75.5
Other assets		973.9		834.9		651.4		798.1
Total Assets	$	30,738.4	$	26,395.1	$	42,596.4	$	40,837.1

LIABILITIES AND STOCKHOLDERS’ EQUITY

LIABILITIES
Short-term borrowings	$	375.5	$	249.0	$	9,659.8	$	6,661.7
Short-term securitization borrowings						4,118.7		4,997.8
Payables to unconsolidated subsidiaries and affiliates		121.9		81.5		996.2		3,133.6
Accounts payable and accrued expenses		7,718.1		6,661.2		1,827.1		1,595.2
Deferred income taxes		115.6		87.3		857.7		745.9
Long-term borrowings		5,490.9		4,565.3		20,400.4		19,137.7
Retirement benefits and other liabilities		7,341.9		8,206.0		92.9		89.0
Total liabilities		21,163.9		19,850.3		37,952.8		36,360.9

Commitments and contingencies (Note 22)
Redeemable noncontrolling interest (Note 4)		14.0		14.0

STOCKHOLDERS’ EQUITY
Common stock, $1 par value (authorized – 1,200,000,000 shares; issued – 536,431,204 shares in 2017 and 2016), at paid-in amount		4,280.5		3,911.8		2,099.1		2,079.1
Common stock in treasury, 214,589,902 shares in 2017 and 221,663,380 shares in 2016, at cost		(15,460.8)		(15,677.1)
Retained earnings		25,301.3		23,911.3		2,782.0		2,670.3
Accumulated other comprehensive income (loss)		(4,563.7)		(5,626.0)		(237.5)		(273.2)
Total Deere & Company stockholders’ equity		9,557.3		6,520.0		4,643.6		4,476.2
Noncontrolling interests		3.2		10.8
Total stockholders’ equity		9,560.5		6,530.8		4,643.6		4,476.2
Total Liabilities and Stockholders’ Equity	$	30,738.4	$	26,395.1	$	42,596.4	$	40,837.1

* 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. Transactions between the “Equipment Operations” and “Financial Services” have been eliminated to arrive at the consolidated financial statements.


STATEMENT OF CASH FLOWS
For the Years Ended October 29, 2017, October 30, 2016, and November 1, 2015
(In millions of dollars)
	EQUIPMENT OPERATIONS*						FINANCIAL SERVICES
	2017		2016		2015		2017		2016		2015
Cash Flows from Operating Activities
Net income	$	2,159.2	$	1,521.5	$	1,940.9	$	476.9	$	467.6	$	632.9
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses		9.9		8.2		5.5		88.4		86.1		49.9
Provision for depreciation and amortization		839.3		803.4		791.8		984.3		846.7		688.5
Impairment charges		39.8		25.4		15.3				59.7		19.5
Gain on sale of unconsolidated affiliates and investments		(375.1)		(74.5)
Undistributed earnings of unconsolidated subsidiaries and affiliates		(125.0)		94.0		46.6		(1.1)		(1.5)		(1.0)
Provision (credit) for deferred income taxes		(6.7)		13.2		(139.8)		106.8		269.5		121.4
Changes in assets and liabilities:
Trade receivables		(243.9)		(175.3)		113.4
Insurance receivables												333.4
Inventories		(504.3)		578.4		(17.0)
Accounts payable and accrued expenses		946.2		(169.6)		(253.8)		93.9		40.6		(245.4)
Accrued income taxes payable/receivable		(122.7)		18.2		(114.5)		38.5		(11.2)		(4.6)
Retirement benefits		(39.2)		232.4		414.3		7.3		6.2		13.2
Other		(139.5)		36.5		271.1		81.5		97.1		(25.7)
Net cash provided by operating activities		2,438.0		2,911.8		3,073.8		1,876.5		1,860.8		1,582.1

Cash Flows from Investing Activities
Collections of receivables (excluding trade and wholesale)								15,963.2		15,831.4		16,266.1
Proceeds from maturities and sales of marketable securities		297.9		81.9		700.1		106.3		87.5		160.6
Proceeds from sales of equipment on operating leases								1,440.8		1,256.2		1,049.4
Proceeds from sales of businesses and unconsolidated affiliates, net of cash sold		113.9		81.1								149.2
Cost of receivables acquired (excluding trade and wholesale)								(16,799.9)		(15,168.2)		(16,327.8)
Purchases of marketable securities				(59.4)		(60.0)		(118.0)		(111.8)		(94.9)
Purchases of property and equipment		(591.4)		(641.8)		(688.1)		(3.5)		(2.6)		(5.9)
Cost of equipment on operating leases acquired								(3,079.8)		(3,235.7)		(3,043.6)
Increase in investment in Financial Services		(20.0)		(28.2)		(27.4)
Acquisitions of businesses, net of cash acquired		(284.2)		(198.5)
Decrease (increase) in trade and wholesale receivables								(379.9)		492.5		657.0
Other		(32.7)		(55.2)		6.8		(26.5)		24.6		(45.1)
Net cash used for investing activities		(516.5)		(820.1)		(68.6)		(2,897.3)		(826.1)		(1,235.0)

Cash Flows from Financing Activities
Increase (decrease) in total short-term borrowings		64.5		(207.2)		211.9		1,246.1		(1,006.4)		289.7
Change in intercompany receivables/payables		2,142.0		(756.0)		928.6		(2,142.0)		756.0		(928.6)
Proceeds from long-term borrowings		1,107.0		173.4		6.2		7,595.2		4,897.3		5,704.8
Payments of long-term borrowings		(66.3)		(72.8)		(214.2)		(5,330.7)		(5,194.8)		(4,649.0)
Proceeds from issuance of common stock		528.7		36.0		172.1
Repurchases of common stock		(6.2)		(205.4)		(2,770.7)
Capital investment from Equipment Operations								20.0		28.2		27.4
Dividends paid		(764.0)		(761.3)		(816.3)		(365.2)		(562.1)		(679.6)
Other		(54.4)		(36.7)		(45.4)		(33.4)		(28.0)		(26.7)
Net cash provided by (used for) financing activities		2,951.3		(1,830.0)		(2,527.8)		990.0		(1,109.8)		(262.0)

Effect of Exchange Rate Changes on Cash and Cash Equivalents		155.1		(21.2)		(146.6)		2.0		8.2		(40.7)
Net Increase (Decrease) in Cash and Cash Equivalents		5,027.9		240.5		330.8		(28.8)		(66.9)		44.4
Cash and Cash Equivalents at Beginning of Year		3,140.5		2,900.0		2,569.2		1,195.3		1,262.2		1,217.8
Cash and Cash Equivalents at End of Year	$	8,168.4	$	3,140.5	$	2,900.0	$	1,166.5	$	1,195.3	$	1,262.2

* 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. Transactions between the “Equipment Operations” and “Financial Services” have been eliminated to arrive at the consolidated financial statements.