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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)-$1.7BNet Cash From Financing (TTM)-$6.2BCapital Expenditures (TTM)$1.3BDepreciation And Amortization Cf (TTM)$2.3BNet Change In Cash (TTM)$1.6B
Latest FilingQ2 2026
Report Date2026-05-28
Market Cap$153.50B
P/E Ratio32.09
ROE18.51%

Investing

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Acquisitions, net of cash acquired———$12M——
Origination of notes receivable from related parties$27.3M$27.3M$27.3M$27.3M——
Payments to Acquire Finance Receivables$6B$6.7B$6.2B$7.4B$6B$7.1B
Capital expenditures$352M$203M$297M$508M$256M$195M
Collections of finance receivables$8.1B$6.2B$5.4B$6.8B$8.1B$6.3B
Payments to acquire equipment on lease$439M$815M$755M$859M$432M$863M
Payments to acquire finance receivables$6B$6.7B$6.2B$7.4B$6B$7.1B
Collateral on Derivative Instruments (Investing)-$191M$218M$100M$55M-$11M—
Payments to Acquire Finance Receivables$6B$6.7B$6.2B$7.4B$6B$7.1B
Proceeds from Collection of Finance Receivables$8.1B$6.2B$5.4B$6.8B$8.1B$6.3B
Proceeds from Sales of Equipment on Operating Leases$433M$568M$407M$509M$377M$642M
Repayment of Notes Receivable from Related Parties——$100M$173M$105M$47M
Payment for (Proceeds from) Other Investing Activity$47M$129M$55M—$51M$36M
Net cash from investing activities$1.4B-$637M-$1.6B-$1.3B$1.8B—
Net change in loans and leases$6B$6.7B$6.2B$7.4B$6B$7.1B
Other investing activities$47M$129M$55M—$51M$36M
Payments to Acquire Finance Receivables$6B$6.7B$6.2B$7.4B$6B$7.1B
Proceeds from Collection of Finance Receivables$8.1B$6.2B$5.4B$6.8B$8.1B$6.3B
Receipts from Customer Financing Assets$8.1B$6.2B$5.4B$6.8B$8.1B$6.3B
Proceeds from Collection of Finance Receivables$8.1B$6.2B$5.4B$6.8B$8.1B$6.3B

Operating

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Change in accounts payable-$1.8B———-$1.5B—
Change in income taxes payable/receivable-$540M———-$88M—
Change in inventories$795M———$746M—
Other working capital changes$16M-$286M$0-$209M$66M$179M
Change in receivables-$1.1B$2.1B-$575M-$1.6B-$350M$1.4B
Change in Pension and Postretirement-$688M-$106M-$19M-$52M-$194M-$96M
Loss (Gain) on Write-Down of Disposal Group-$32M—————
Deferred income taxes$208M-$197M-$113M-$186M$18M-$86M
Depreciation and amortization$549M$555M$564M$561M$590M$594M
Net cash from operating activities-$1.1B$1.7B$2.9B$4B-$890M$1.9B
Net income$867M$1.8B$1.3B$1.1B$655M$1.8B
Increase (Decrease) in Income Taxes Payable, Net of Income Taxes Receivable-$540M———-$88M—
Provision for Loan, Lease, and Other Losses$69M$105M$84M$38M$36M$91M
Impairment Charge on Assets Held for Sale-$32M—————
Provision for credit losses$69M$105M$84M$38M$36M$91M
Stock-based compensation$28M$26M$50M$47M$41M$28M

Financing

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Proceeds from issuance of debt$3.2B$2B$5.6B$2.5B$780M$2.7B
Repayments of debt$1.8B$3.1B$2.9B$4.5B$3.4B$2.6B
Dividends paid$403M$440M$439M$438M$441M$437M
Proceeds from debt with original maturities of more than three months$3.2B$2B$5.6B$2.5B$780M$2.7B
Other, net-$10M$0-$33M-$36M-$15M—
Short-term borrowings/(repayments) less than 90 days — net-$1.5B$2B-$2.6B-$479M$848M$1.4B
Repayments Of Debt Maturing In More Than Three Months$1.8B$3.1B$2.9B$4.5B$3.4B$2.6B
Payment of Deferred Purchase Consideration-$10M$0-$33M-$36M-$15M—
Noncontrolling interest transactions and other-$10M$0-$33M-$36M-$15M—
Net cash from financing activities-$923M$0-$736M-$3B-$2.5B—
Other financing activities-$10M$0-$33M-$36M-$15M—
Noncontrolling Interests Activity and Other-$10M$0-$33M-$36M-$15M—
Repurchases of common stock$441M$397M$298M$2M$302M$198M
Net change in short-term borrowings-$1.5B$2B-$2.6B-$479M$848M$1.4B

Free Cash Flow

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Free cash flow-$1.5B$1.5B$2.6B$3.5B-$1.1B$1.7B

Other

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Effect of exchange rate changes on cash-$87M$107M$88M—$98M—
Net increase (decrease) in cash-$726M$1.3B$668M—-$1.5B—