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Statement of Consolidated Income - USD ($)
$ in Millions
3 Months Ended
Feb. 02, 2020
Jan. 27, 2019
Revenues    
Finance income earned on retail notes $ 234.8 $ 208.9
Revolving charge account income 80.7 72.1
Finance income earned on wholesale receivables 110.3 116.3
Lease revenues 274.9 239.5
Other income 17.9 24.0
Total revenues 718.6 660.8
Expenses    
Interest expense 219.8 226.5
Operating expenses:    
Administrative and operating expenses 123.5 98.2
Fees paid to John Deere 24.9 14.8
Provision for credit losses 12.1 0.8
Depreciation of equipment on operating leases 213.5 175.4
Total operating expenses 374.0 289.2
Total expenses 593.8 515.7
Income of consolidated group before income taxes 124.8 145.1
Provision for income taxes 26.1 23.9
Income of consolidated group 98.7 121.2
Equity in income of unconsolidated affiliate 0.7 0.6
Net income 99.4 121.8
Less: Net income attributable to noncontrolling interests 0.2 0.1
Net income attributable to the Company $ 99.2 $ 121.7