Income StatementBalance SheetCash FlowSegments
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Deere & Company Cash Flow Statement

Operating, investing, and financing cash movements

Deere & Company generated $7.9B in operating cash flow over the trailing twelve months. After $1.3B in capital expenditures, free cash flow was $6.7B. Free cash flow decreased 0.1% year-over-year. Based on the Q2 2026 filing.

Net Cash From Operating (TTM)$7.9BNet Cash From Investing (TTM)-$2.7BNet Cash From Financing (TTM)-$5.4BCapital Expenditures (TTM)$1.3BDepreciation And Amortization Cf (TTM)$2.3BNet Change In Cash (TTM)$1.6B
Latest FilingQ2 2026
Report Date2026-05-21
Market Cap$142.93B
P/E Ratio29.88
ROE18.5%

Investing

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Acquisitions, net of cash acquired———$12.0M——
Origination of notes receivable from related parties$27.3M$27.3M$27.3M$27.3M——
Payments to Acquire Finance Receivables$6.0B$6.7B$6.2B$7.4B$6.0B—
Capital expenditures$352.0M$203.0M$297.0M$508.0M$256.0M$195.0M
Collections of finance receivables$8.1B$6.2B$5.4B$6.8B$8.1B—
Payments to acquire equipment on lease$439.0M$815.0M$755.0M$859.0M$432.0M—
Payments to acquire finance receivables$6.0B$6.7B$6.2B$7.4B$6.0B—
Collateral on Derivative Instruments (Investing)-$191.0M$218.0M$100.0M$55.0M-$11.0M—
Payments to Acquire Finance Receivables$6.0B$6.7B$6.2B$7.4B$6.0B—
Proceeds from Collection of Finance Receivables$8.1B$6.2B$5.4B$6.8B$8.1B—
Proceeds from Sales of Equipment on Operating Leases$433.0M$568.0M$407.0M$509.0M$377.0M—
Repayment of Notes Receivable from Related Parties——$100.0M$173.0M$105.0M—
Payment for (Proceeds from) Other Investing Activity$47.0M$129.0M$55.0M—$51.0M—
Net cash from investing activities$1.4B-$637.0M-$1.6B-$1.3B$1.8B-$1.7B
Net change in loans and leases$6.0B$6.7B$6.2B$7.4B$6.0B—
Other investing activities$47.0M$129.0M$55.0M—$51.0M—
Payments to Acquire Finance Receivables$6.0B$6.7B$6.2B$7.4B$6.0B—
Proceeds from Collection of Finance Receivables$8.1B$6.2B$5.4B$6.8B$8.1B—
Receipts from Customer Financing Assets$8.1B$6.2B$5.4B$6.8B$8.1B—
Proceeds from Collection of Finance Receivables$8.1B$6.2B$5.4B$6.8B$8.1B—

Operating

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Change in accounts payable-$1.8B———-$1.5B—
Change in income taxes payable/receivable-$540.0M———-$88.0M—
Change in inventories$795.0M———$746.0M—
Other working capital changes$16.0M-$286.0M$0.0-$209.0M$66.0M—
Change in receivables-$1.1B$2.1B-$575.0M-$1.6B-$350.0M—
Change in Pension and Postretirement-$688.0M-$106.0M-$19.0M-$52.0M-$194.0M—
Loss (Gain) on Write-Down of Disposal Group-$32.0M—————
Deferred income taxes$208.0M-$197.0M-$113.0M-$186.0M$18.0M—
Depreciation and amortization$549.0M$555.0M$564.0M$561.0M$590.0M$594.0M
Net cash from operating activities-$1.1B$1.7B$2.9B$4.0B-$890.0M$1.9B
Net income$867.0M$1.8B$1.3B$1.1B$655.0M$1.8B
Increase (Decrease) in Income Taxes Payable, Net of Income Taxes Receivable-$540.0M———-$88.0M—
Provision for Loan, Lease, and Other Losses$69.0M$105.0M$84.0M$38.0M$36.0M—
Impairment Charge on Assets Held for Sale-$32.0M—————
Provision for credit losses$69.0M$105.0M$84.0M$38.0M$36.0M—
Stock-based compensation$28.0M$26.0M$50.0M$47.0M$41.0M$28.0M

Financing

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Proceeds from issuance of debt$3.2B$2.0B$5.6B$2.5B$780.0M—
Repayments of debt$1.8B$3.1B$2.9B$4.5B$3.4B—
Dividends paid$403.0M$440.0M$439.0M$438.0M$441.0M—
Proceeds from debt with original maturities of more than three months$3.2B$2.0B$5.6B$2.5B$780.0M—
Other, net-$10.0M$0.0-$33.0M-$36.0M-$15.0M—
Short-term borrowings/(repayments) less than 90 days — net-$1.5B$2.0B-$2.6B-$479.0M$848.0M—
Repayments Of Debt Maturing In More Than Three Months$1.8B$3.1B$2.9B$4.5B$3.4B—
Payment of Deferred Purchase Consideration-$10.0M$0.0-$33.0M-$36.0M-$15.0M—
Noncontrolling interest transactions and other-$10.0M$0.0-$33.0M-$36.0M-$15.0M—
Net cash from financing activities-$923.0M$0.0-$736.0M-$3.0B-$2.5B$863.0M
Other financing activities-$10.0M$0.0-$33.0M-$36.0M-$15.0M—
Noncontrolling Interests Activity and Other-$10.0M$0.0-$33.0M-$36.0M-$15.0M—
Repurchases of common stock$441.0M$397.0M$298.0M$2.0M$302.0M$198.0M
Net change in short-term borrowings-$1.5B$2.0B-$2.6B-$479.0M$848.0M—

Free Cash Flow

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Free cash flow-$1.5B$1.5B$2.6B$3.5B-$1.1B—

Other

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Effect of exchange rate changes on cash-$87.0M$107.0M$88.0M—$98.0M-$4.0M
Net increase (decrease) in cash-$726.0M$1.3B$668.0M—-$1.5B$1.1B