0001104659-19-067839.txt : 20191127 0001104659-19-067839.hdr.sgml : 20191127 20191127071212 ACCESSION NUMBER: 0001104659-19-067839 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20191127 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20191127 DATE AS OF CHANGE: 20191127 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DEERE JOHN CAPITAL CORP CENTRAL INDEX KEY: 0000027673 STANDARD INDUSTRIAL CLASSIFICATION: SHORT-TERM BUSINESS CREDIT INSTITUTIONS [6153] IRS NUMBER: 362386361 STATE OF INCORPORATION: DE FISCAL YEAR END: 1103 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-06458 FILM NUMBER: 191253200 BUSINESS ADDRESS: STREET 1: 10587 DOUBLE R BOULEVARD STREET 2: SUITE 100 CITY: RENO STATE: NV ZIP: 89521 BUSINESS PHONE: (702) 786-5527 MAIL ADDRESS: STREET 1: ONE JOHN DEERE PLACE CITY: MOLINE STATE: IL ZIP: 61265-8098 FORMER COMPANY: FORMER CONFORMED NAME: DEERE JOHN CREDIT CO DATE OF NAME CHANGE: 19890130 8-K 1 a19-23772_18k.htm 8-K

 

 

UNITED STATES

 

SECURITIES AND EXCHANGE COMMISSION

 

Washington, D.C.  20549

 

 

 

FORM 8-K

 

 

 

CURRENT REPORT

 

Pursuant to Section13 OR 15(d) of The Securities Exchange Act of 1934

 

Date of Report: November 27, 2019

(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.)

 

10587 Double R Boulevard

Suite 100

Reno, Nevada 89521

(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 CFR 240.14d-2(b))

 

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

 

SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:

 

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

2.75% Senior Notes Due 2022

 

DE22B

 

New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company o

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

 

 

 

 

 

Items 2.02 and 8.01

Results of Operations and Financial Condition and Other Events.

 

 

 

 

 

Fourth Quarter

 

Full Year

 

$ in millions

 

2019

 

2018

 

% Change

 

2019

 

2018

 

% Change

 

Revenue

 

$

785

 

$

668

 

18%

 

$

2,890

 

$

2,532

 

14%

 

Net income

 

$

68

 

$

160

 

-57%

 

$

419

 

$

799

 

-48%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending portfolio balance

 

 

 

 

 

 

 

$

38,251

 

$

35,643

 

7%

 

 

 

Net income for the current quarter and full year were lower than for the respective periods of 2018 due to impairments and higher losses on operating-lease residual values, prior-year favorable discrete adjustments to the provision for income taxes associated with tax reform, and unfavorable financing spreads. These factors were partially offset by income from a higher average portfolio.

 

 

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 2019 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 27, 2019, 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.

 

 

Item 9.01

Financial Statements and Exhibits.

 

 

 

(d)

Exhibits

 

2

 

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 27, 2019, 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 27, 2019, file number (1-4121)). (Furnished herewith)

 

 

 

(99.3)

 

Fourth Quarter 2019 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 27, 2019, file number (1-4121)). (Furnished herewith)

 

3

 

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/ Todd E. Davies

 

 

Todd E. Davies

Secretary

Dated:  November 27, 2019

 

 

 

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