SUPPLEMENTAL CONSOLIDATING DATA (Tables)

9 Months Ended

Jul. 31, 2013

SUPPLEMENTAL CONSOLIDATING DATA STATEMENT OF INCOME

For the Three Months Ended July 31, 2013 and 2012

(In millions of dollars) Unaudited	EQUIPMENT OPERATIONS*				FINANCIAL SERVICES
	2013		2012		2013		2012
Net Sales and Revenues
Net sales	$	9,315.6	$	8,930.3
Finance and interest income	19.0		21.9		$	579.3	$	539.4
Other income	133.0		109.1		67.4		78.7
Total	9,467.6		9,061.3		646.7		618.1

Costs and Expenses
Cost of sales	6,838.3		6,756.3
Research and development expenses	338.7		367.8
Selling, administrative and general expenses	803.6		770.7		119.1		110.7
Interest expense	74.0		57.4		120.3		148.4
Interest compensation to Financial Services	55.6		57.2
Other operating expenses	42.4		7.5		173.0		188.7
Total	8,152.6		8,016.9		412.4		447.8

Income of Consolidated Group before Income Taxes	1,315.0		1,044.4		234.3		170.3
Provision for income taxes	469.0		366.7		84.5		60.1
Income of Consolidated Group	846.0		677.7		149.8		110.2

Equity in Income of Unconsolidated Subsidiaries and Affiliates
Financial Services	150.0		110.4		.2		.2
Other	.6		2.1
Total	150.6		112.5		.2		.2
Net Income	996.6		790.2		150.0		110.4
Less: Net income attributable to noncontrolling interests	.1		2.2
Net Income Attributable to Deere & Company	$	996.5	$	788.0	$	150.0	$	110.4

* Deere & Company with Financial Services on the equity basis.

For the Nine Months Ended July 31, 2013 and 2012

(In millions of dollars) Unaudited	EQUIPMENT OPERATIONS*				FINANCIAL SERVICES
	2013		2012		2013		2012
Net Sales and Revenues
Net sales	$	26,373.5	$	24,453.9
Finance and interest income	57.1		54.7		$	1,668.8	$	1,584.6
Other income	393.2		359.7		144.4		188.6
Total	26,823.8		24,868.3		1,813.2		1,773.2

Costs and Expenses
Cost of sales	19,336.0		18,167.3
Research and development expenses	1,072.1		1,032.3
Selling, administrative and general expenses	2,313.4		2,148.3		353.1		328.5
Interest expense	217.0		157.2		367.0		459.5
Interest compensation to Financial Services	151.4		153.1
Other operating expenses	122.9		117.5		464.8		465.8
Total	23,212.8		21,775.7		1,184.9		1,253.8

Income of Consolidated Group before Income Taxes	3,611.0		3,092.6		628.3		519.4
Provision for income taxes	1,287.5		1,052.4		221.4		181.7
Income of Consolidated Group	2,323.5		2,040.2		406.9		337.7

Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates
Financial Services	407.9		338.6		1.0		.9
Other	(.8)		3.9
Total	407.1		342.5		1.0		.9
Net Income	2,730.6		2,382.7		407.9		338.6
Less: Net income attributable to noncontrolling interests	.1		5.6
Net Income Attributable to Deere & Company	$	2,730.5	$	2,377.1	$	407.9	$	338.6

* Deere & Company with Financial Services on the equity basis.

SUPPLEMENTAL CONSOLIDATING DATA CONDENSED BALANCE SHEET

(In millions of dollars) Unaudited	EQUIPMENT OPERATIONS*						FINANCIAL SERVICES
	July 31 2013		October 31 2012		July 31 2012		July 31 2013		October 31 2012		July 31 2012

Assets
Cash and cash equivalents	$	2,688.3	$	3,907.9	$	2,914.7	$	402.0	$	744.3	$	482.7
Marketable securities	1,308.3		1,101.5		1,202.5		397.8		368.9		343.2
Receivables from unconsolidated subsidiaries and affiliates	3,594.5		1,579.0		2,288.6
Trade accounts and notes receivable - net	1,302.2		1,279.7		1,156.1		4,661.9		3,333.3		4,378.3
Financing receivables - net	8.2		11.5		7.3		24,174.9		22,147.5		20,678.0
Financing receivables securitized - net							3,890.5		3,617.6		3,163.6
Other receivables	834.3		1,092.4		805.8		229.5		703.6		523.2
Equipment on operating leases - net							2,826.0		2,527.8		2,249.7
Inventories	5,594.3		5,170.0		5,867.5
Property and equipment - net	5,049.3		4,950.5		4,401.2		58.3		61.4		62.2
Investments in unconsolidated subsidiaries and affiliates	4,325.5		4,102.4		3,759.6		9.7		8.7		7.8
Goodwill	924.2		921.2		933.6
Other intangible assets - net	77.3		101.0		103.8		4.0		4.0		4.0
Retirement benefits	26.1		14.9		38.2		39.1		44.6		25.1
Deferred income taxes	3,697.3		3,497.3		3,233.5		47.5		50.3		43.4
Other assets	649.0		582.9		567.9		649.1		883.5		979.8
Total Assets	$	30,078.8	$	28,312.2	$	27,280.3	$	37,390.3	$	34,495.5	$	32,941.0

Liabilities and Stockholders’ Equity
Short-term borrowings	$	1,094.4	$	424.8	$	953.0	$	7,118.6	$	5,967.7	$	6,088.0
Short-term securitization borrowings							3,780.1		3,574.8		3,028.0
Payables to unconsolidated subsidiaries and affiliates	80.5		135.2		103.5		3,568.5		1,519.3		2,217.8
Accounts payable and accrued expenses	7,861.3		7,679.0		7,169.7		1,577.1		2,129.9		1,882.5
Deferred income taxes	86.1		93.3		95.7		346.1		338.3		315.0
Long-term borrowings	4,891.9		5,444.9		5,357.2		16,806.8		17,008.2		15,799.9
Retirement benefits and other liabilities	7,473.0		7,673.0		6,186.6		72.1		61.2		60.1
Total liabilities	21,487.2		21,450.2		19,865.7		33,269.3		30,599.4		29,391.3

Commitments and contingencies (Note 14)

Common stock, $1 par value (issued shares at July 31, 2013 – 536,431,204)	3,498.7		3,352.2		3,320.1		1,894.2		1,834.7		1,627.7
Common stock in treasury	(9,441.6)		(8,813.8)		(8,476.2)
Retained earnings	19,031.5		16,875.2		16,366.5		2,180.2		1,958.3		1,836.7
Accumulated other comprehensive income (loss)	(4,498.8)		(4,571.5)		(3,814.6)		46.6		103.1		85.3
Total Deere & Company stockholders’ equity	8,589.8		6,842.1		7,395.8		4,121.0		3,896.1		3,549.7
Noncontrolling interests	1.8		19.9		18.8
Total stockholders’ equity	8,591.6		6,862.0		7,414.6		4,121.0		3,896.1		3,549.7
Total Liabilities and Stockholders’ Equity	$	30,078.8	$	28,312.2	$	27,280.3	$	37,390.3	$	34,495.5	$	32,941.0

* Deere & Company with Financial Services on the equity basis.

SUPPLEMENTAL CONSOLIDATING DATA STATEMENT OF CASH FLOWS

For the Nine Months Ended July 31, 2013 and 2012

(In millions of dollars) Unaudited	EQUIPMENT OPERATIONS*				FINANCIAL SERVICES
	2013		2012		2013		2012
Cash Flows from Operating Activities
Net income	$	2,730.6	$	2,382.7	$	407.9	$	338.6
Adjustments to reconcile net income to net cash provided by operating activities:
Provision (credit) for credit losses	6.9		7.1		7.1		(1.0		)
Provision for depreciation and amortization	550.5		480.1		359.6		320.8
Impairment charges	50.4
Undistributed earnings of unconsolidated subsidiaries and affiliates	(213.3)		(301.6)		(.8)		(.8		)
Provision (credit) for deferred income taxes	(210.9)		(213.2)		13.7		7.9
Changes in assets and liabilities:
Trade receivables	(64.5)		(137.6)
Insurance receivables					488.1		(175.1		)
Inventories	(545.9)		(1,691.7)
Accounts payable and accrued expenses	313.3		588.6		(437.5)		164.6
Accrued income taxes payable/receivable	178.7		72.7		7.3		27.7
Retirement benefits	125.2		(80.6)		16.4		10.5
Other	(9.7)		(18.2)		12.9		(154.4		)
Net cash provided by operating activities	2,911.3		1,088.3		874.7		538.8

Cash Flows from Investing Activities
Collections of receivables (excluding trade and wholesale)					11,757.4		10,770.1
Proceeds from maturities and sales of marketable securities	600.2		100.0		36.5		25.8
Proceeds from sales of equipment on operating leases					692.3		583.1
Proceeds from sales of businesses, net of cash sold	22.0		30.4
Cost of receivables acquired (excluding trade and wholesale)					(13,598.3)		(11,868.2		)
Purchases of marketable securities	(810.4)		(802.2)		(89.2)		(80.5		)
Purchases of property and equipment	(792.4)		(806.1)		(2.7)		(2.3		)
Cost of equipment on operating leases acquired					(1,386.5)		(972.4		)
Increase in trade and wholesale receivables					(2,216.1)		(2,117.7		)
Other	(97.4)		(145.3)		(89.8)		93.9
Net cash used for investing activities	(1,078.0)		(1,623.2)		(4,896.4)		(3,568.2		)

Cash Flows from Financing Activities
Increase in total short-term borrowings	86.7		386.8		1,926.2		848.6
Change in intercompany receivables/payables	(2,097.2)		(698.3)		2,097.2		698.3
Proceeds from long-term borrowings	265.6		2,374.5		3,507.0		5,881.7
Payments of long-term borrowings	(174.8)				(3,724.9)		(4,396.8		)
Proceeds from issuance of common stock	162.4		37.1
Repurchases of common stock	(751.9)		(1,225.3)
Dividends paid	(556.3)		(516.3)		(186.0)		(43.5		)
Excess tax benefits from share-based compensation	46.5		16.8
Other	(26.6)		(28.8)		45.4		32.9
Net cash provided by (used for) financing activities	(3,045.6)		346.5		3,664.9		3,021.2

Effect of Exchange Rate Changes on Cash and Cash Equivalents	(7.3)		(84.4)		14.5		31.2

Net Increase (Decrease) in Cash and Cash Equivalents	(1,219.6)		(272.8)		(342.3)		23.0
Cash and Cash Equivalents at Beginning of Period	3,907.9		3,187.5		744.3		459.7
Cash and Cash Equivalents at End of Period	$	2,688.3	$	2,914.7	$	402.0	$	482.7

* Deere & Company with Financial Services on the equity basis.