SUPPLEMENTAL CONSOLIDATING DATA (Tables)

12 Months Ended

Oct. 31, 2013

Supplemental Consolidating Data Income Statement

INCOME STATEMENT

For the Years Ended October 31, 2013, 2012 and 2011
(In millions of dollars)

	EQUIPMENT OPERATIONS*							FINANCIAL SERVICES
	2013			2012		2011		2013		2012		2011
Net Sales and Revenues
Net sales	$	34,997.9		$	33,500.9	$	29,466.1
Finance and interest income	80.8			74.0		73.3		$	2,280.5	$	2,155.7	$	2,080.8
Other income	549.1			493.2		455.5		288.4		298.8		292.5
Total	35,627.8			34,068.1		29,994.9		2,568.9		2,454.5		2,373.3
Costs and Expenses
Cost of sales	25,668.8			25,009.2		21,920.7
Research and development expenses	1,477.3			1,433.6		1,226.2
Selling, administrative and general expenses	3,143.9			2,988.8		2,786.6		473.2		439.3		394.4
Interest expense	297.1			231.1		191.4		487.6		596.4		621.0
Interest compensation to Financial Services	202.7			203.6		178.5
Other operating expenses	223.7			178.1		192.5		739.0		708.1		634.2
Total	31,013.5			30,044.4		26,495.9		1,699.8		1,743.8		1,649.6
Income of Consolidated Group before Income Taxes	4,614.3			4,023.7		3,499.0		869.1		710.7		723.7
Provision for income taxes	1,640.7			1,407.6		1,169.6		305.2		251.8		253.9
Income of Consolidated Group	2,973.6			2,616.1		2,329.4		563.9		458.9		469.8
Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates
Financial Services	565.0			460.3		471.0		1.1		1.4		1.2
Other	(1.0		)	(4.8)		7.4
Total	564.0			455.5		478.4		1.1		1.4		1.2
Net Income	3,537.6			3,071.6		2,807.8		565.0		460.3		471.0
Less: Net income attributable to noncontrolling interests	.3			6.9		7.9
Net Income Attributable to Deere & Company	$	3,537.3		$	3,064.7	$	2,799.9	$	565.0	$	460.3	$	471.0

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

Supplemental Consolidating Data Balance Sheet

BALANCE SHEET

As of October 31, 2013 and 2012

(In millions of dollars except per share amounts)

	EQUIPMENT OPERATIONS*				FINANCIAL SERVICES
	2013		2012		2013		2012
ASSETS
Cash and cash equivalents	$	3,023.3	$	3,907.9	$	480.8	$	744.3
Marketable securities	1,207.2		1,101.5		417.6		368.9
Receivables from unconsolidated subsidiaries and affiliates	3,502.0		1,579.0
Trade accounts and notes receivable - net	1,061.8		1,279.7		3,555.9		3,333.3
Financing receivables - net	16.5		11.5		25,616.2		22,147.5
Financing receivables securitized - net					4,153.1		3,617.6
Other receivables	983.1		1,092.4		486.6		703.6
Equipment on operating leases - net					3,152.2		2,527.8
Inventories	4,934.7		5,170.0
Property and equipment - net	5,408.5		4,950.5		58.4		61.4
Investments in unconsolidated subsidiaries and affiliates	4,569.0		4,102.4		10.2		8.7
Goodwill	844.8		921.2
Other intangible assets - net	73.1		101.0		4.0		4.0
Retirement benefits	517.7		14.9		37.5		44.6
Deferred income taxes	2,575.4		3,497.3		51.3		50.3
Other assets	654.3		582.9		622.2		883.5
Assets held for sale	505.0
Total Assets	$	29,876.4	$	28,312.2	$	38,646.0	$	34,495.5
LIABILITIES AND STOCKHOLDERS’ EQUITY
LIABILITIES
Short-term borrowings	$	1,080.4	$	424.8	$	7,708.5	$	5,967.7
Short-term securitization borrowings					4,109.1		3,574.8
Payables to unconsolidated subsidiaries and affiliates	106.9		135.2		3,470.8		1,519.3
Accounts payable and accrued expenses	7,990.9		7,679.0		1,849.8		2,129.9
Deferred income taxes	92.4		93.3		369.1		338.3
Long-term borrowings	4,870.9		5,444.9		16,706.8		17,008.2
Retirement benefits and other liabilities	5,346.8		7,673.0		74.1		61.2
Liabilities held for sale	120.4
Total liabilities	19,608.7		21,450.2		34,288.2		30,599.4
Commitments and contingencies (Note 22)
STOCKHOLDERS’ EQUITY
Common stock, $1 par value (authorized – 1,200,000,000 shares; issued – 536,431,204 shares in 2013 and 2012), at paid-in amount	3,524.2		3,352.2		1,956.3		1,834.7
Common stock in treasury, 162,628,440 shares in 2013 and 148,625,875 shares in 2012, at cost	(10,210.9)		(8,813.8)
Retained earnings	19,645.6		16,875.2		2,337.3		1,958.3
Accumulated other comprehensive income (loss)	(2,693.1)		(4,571.5)		64.2		103.1
Total Deere & Company stockholders’ equity	10,265.8		6,842.1		4,357.8		3,896.1
Noncontrolling interests	1.9		19.9
Total stockholders’ equity	10,267.7		6,862.0		4,357.8		3,896.1
Total Liabilities and Stockholders’ Equity	$	29,876.4	$	28,312.2	$	38,646.0	$	34,495.5

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

Supplemental Consolidating Data Statement of Cash Flows

STATEMENT OF CASH FLOWS

For the Years Ended October 31, 2013, 2012 and 2011

(In millions of dollars)

	EQUIPMENT OPERATIONS*						FINANCIAL SERVICES
	2013		2012		2011		2013		2012		2011
Cash Flows from Operating Activities
Net income	$	3,537.6	$	3,071.6	$	2,807.8	$	565.0	$	460.3	$	471.0
Adjustments to reconcile net income to net cash provided by operating activities:
Provision (credit) for credit losses	10.8		6.0		4.5		9.7		(.9)		9.0
Provision for depreciation and amortization	733.0		643.1		587.0		492.2		439.2		401.5
Impairment charges	102.0		33.4
Undistributed earnings of unconsolidated subsidiaries and affiliates	(369.0)		(413.7)		(118.8)		(.9)		(1.3)		(1.0)
Provision (credit) for deferred income taxes	(204.6)		(115.7)		(278.3)		32.0		23.9		110.2
Changes in assets and liabilities:
Trade receivables	26.1		(255.0)		(109.5)
Insurance receivables							263.4		(338.5)		(300.1)
Inventories	(69.6)		(947.6)		(1,281.8)
Accounts payable and accrued expenses	470.5		887.0		1,027.0		(207.9)		382.1		351.3
Accrued income taxes payable/receivable	84.2		(102.7)		45.3		(3.8)		30.4		(44.1)
Retirement benefits	241.6		71.2		483.2		20.4		(7.9)		12.1
Other	106.0		70.5		(168.0)		73.5		(109.9)		55.1
Net cash provided by operating activities	4,668.6		2,948.1		2,998.4		1,243.6		877.4		1,065.0
Cash Flows from Investing Activities
Collections of receivables (excluding trade and wholesale)							15,440.0		14,320.7		13,333.1
Proceeds from maturities and sales of marketable securities	800.1		200.1		.3		43.8		40.2		32.2
Proceeds from sales of equipment on operating leases							936.7		799.5		683.4
Proceeds from sales of businesses, net of cash sold	22.0		30.2		911.1
Cost of receivables acquired (excluding trade and wholesale)							(18,792.7)		(16,730.2)		(15,365.9)
Purchases of marketable securities	(911.1)		(802.2)		(503.1)		(115.2)		(120.0)		(83.8)
Purchases of property and equipment	(1,155.2)		(1,316.2)		(1,054.3)		(3.2)		(3.1)		(2.4)
Cost of equipment on operating leases acquired							(2,107.2)		(1,562.0)		(1,230.5)
Increase in investment in Financial Services	(121.6)		(264.1)		(69.0)
Acquisitions of businesses, net of cash acquired	(83.5)				(60.8)
Increase in trade and wholesale receivables							(1,152.7)		(1,518.5)		(561.8)
Other	(120.0)		(95.6)		(79.5)		(94.5)		138.8		(35.7)
Net cash used for investing activities	(1,569.3)		(2,247.8)		(855.3)		(5,845.0)		(4,634.6)		(3,231.4)
Cash Flows from Financing Activities
Increase (decrease) in total short-term borrowings	36.0		(36.4)		230.8		2,713.5		931.3		(456.9)
Change in intercompany receivables/payables	(2,007.2)		45.5		(552.6)		2,007.2		(45.5)		552.6
Proceeds from long-term borrowings	282.9		2,521.5		69.0		4,451.1		8,120.5		5,586.0
Payments of long-term borrowings	(191.0)		(220.1)		(11.5)		(4,767.4)		(5,175.9)		(3,209.3)
Proceeds from issuance of common stock	174.5		61.0		170.0
Repurchases of common stock	(1,531.4)		(1,587.7)		(1,667.0)
Capital investment from Equipment Operations							121.6		264.1		69.0
Dividends paid	(752.9)		(697.9)		(593.1)		(186.0)		(43.5)		(340.1)
Excess tax benefits from share-based compensation	50.7		30.1		70.1
Other	(40.1)		(32.7)		(17.3)		(19.2)		(33.6)		(31.2)
Net cash provided by (used for) financing activities	(3,978.5)		83.3		(2,301.6)		4,320.8		4,017.4		2,170.1
Effect of Exchange Rate Changes on Cash and Cash Equivalents	(5.4)		(63.2)		(2.3)		17.1		24.4		13.7
Net Increase (Decrease) in Cash and Cash Equivalents	(884.6)		720.4		(160.8)		(263.5)		284.6		17.4
Cash and Cash Equivalents at Beginning of Year	3,907.9		3,187.5		3,348.3		744.3		459.7		442.3
Cash and Cash Equivalents at End of Year	$	3,023.3	$	3,907.9	$	3,187.5	$	480.8	$	744.3	$	459.7

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