8-K 1 a09-34108_18k.htm 8-K

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

 


 

FORM 8-K

 


 

CURRENT REPORT

 

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

 

Date of Report:  November 25, 2009

(Date of earliest event reported)

 

JOHN DEERE CAPITAL CORPORATION

(Exact name of registrant as specified in its charter)

 

DELAWARE

 

1-6458

 

36-2386361

(State or other jurisdiction of incorporation)

 

(Commission File Number)

 

(IRS Employer Identification No.)

 

1 East First Street

Suite 600

Reno, Nevada 89501

(Address of principal executive offices and zip code)

 

(775) 786-5527

(Registrant’s telephone number, including area code)

 

 

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR240.14d-2(b))

 

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

Items 2.02

 

 

and 8.01

 

Results of Operations and Financial Condition and Other Events.

 

 

 

 

 

JDCC’s net income was $21.2 million for the fourth quarter and $149.2 million for the year, compared with net income of $57.7 million and $282.4 million for the respective periods last year. Results were lower for the quarter mostly due to a higher provision for credit losses, higher losses on residual values for construction-equipment operating leases, and lower commissions from crop insurance, partially offset by a lower effective tax rate. Net income was lower for the full year primarily due to a higher provision for credit losses, narrower financing spreads, lower commissions from crop insurance and higher losses from construction-equipment operating lease residual values, partially offset by lower selling, administrative and general expenses.

 

Net receivables and leases financed by JDCC were $18.965 billion at October 31, 2009, compared with $18.849 billion last year. Net receivables and leases administered, which include receivables administered but not owned, totaled $19.093 billion at October 31, 2009, compared with $19.012 billion a year ago.

 

 

 

Item 9.01

 

Financial Statements and Exhibits.

 

 

 

 

 

(d)

Exhibits

 

 

 

 

 

 

 

(99.1)

Press release and supplemental financial information of Deere & Company (Filed herewith)

 

 

 

Items 2.02
and 7.01

 

Results of Operations and Financial Condition and Regulation FD Disclosure (Furnished herewith)

 

 

 

 

 

The schedules of Deere & Company Other Financial Information (Exhibit 99.2) and Fourth Quarter 2009 Earnings Conference Call information (Exhibit 99.3) are furnished under Form 8-K Items 2.02 and 7.01 (Incorporated by reference from Items 2.02 and 7.01 of Deere & Company’s Current Report on Form 8-K dated November 25, 2009, file number (1-4121)). The information is not filed for purposes of the Securities Exchange Act of 1934 and is not deemed incorporated by reference by any general statements incorporating by reference this report or future filings into any filings under the Securities Act of 1933 or the Securities Exchange Act of 1934, except to the extent John Deere Capital Corporation specifically incorporates the information by reference.

 

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Signature

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

JOHN DEERE CAPITAL CORPORATION

 

 

 

 

 

 

 

By:

/s/ Gregory R. Noe

 

 

Gregory R. Noe

 

 

Secretary

Dated:  November 25, 2009

 

 

 

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Exhibit Index

 

Number and Description of Exhibit

 

(99.1)

 

Press release and supplemental financial information of Deere & Company (Incorporated by reference from Item 9.01 of Deere & Company’s Current Report on Form 8-K dated November 25, 2009, file number (1-4121)). (Filed herewith)

 

 

 

(99.2)

 

Other Financial Information of Deere & Company (Incorporated by reference from Items 2.02 and 7.01 of Deere & Company’s Current Report on Form 8-K dated November 25, 2009, file number (1-4121)). (Furnished herewith)

 

 

 

(99.3)

 

Fourth Quarter 2009 Earnings Conference Call information of Deere & Company (Incorporated by reference from Items 2.02 and 7.01 of Deere & Company’s Current Report on Form 8-K dated November 25, 2009, file member (1-4121). (Furnished herewith)

 

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