Deere

At a glance

Buybacks

100.3%Buybacks as a share of free cash flowSEC EDGAR · CIK 00003151890001104659-09-070344 · FY2009 · period ended 2009-10-31 · filed 2009-12-17NetCashProvidedByUsedInOperatingActivities0001104659-09-070344 · FY2009 · period ended 2009-10-31 · filed 2009-12-17PaymentsForRepurchaseOfCommonStock0001104659-09-070344 · FY2009 · period ended 2009-10-31 · filed 2009-12-17PaymentsToAcquirePropertyPlantAndEquipment + PaymentsToAcquireEquipmentOnLease0001104659-10-063219 · FY2010 · period ended 2010-10-31 · filed 2010-12-17NetCashProvidedByUsedInOperatingActivities0001104659-10-063219 · FY2010 · period ended 2010-10-31 · filed 2010-12-17PaymentsForRepurchaseOfCommonStock0001104659-10-063219 · FY2010 · period ended 2010-10-31 · filed 2010-12-17PaymentsToAcquirePropertyPlantAndEquipment + PaymentsToAcquireEquipmentOnLease0001104659-11-070023 · FY2011 · period ended 2011-10-31 · filed 2011-12-19NetCashProvidedByUsedInOperatingActivities0001104659-11-070023 · FY2011 · period ended 2011-10-31 · filed 2011-12-19PaymentsForRepurchaseOfCommonStock0001104659-11-070023 · FY2011 · period ended 2011-10-31 · filed 2011-12-19PaymentsToAcquirePropertyPlantAndEquipment + PaymentsToAcquireEquipmentOnLease0001104659-13-090354 · FY2013 · period ended 2013-10-31 · filed 2013-12-16NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0001104659-13-090354 · FY2013 · period ended 2013-10-31 · filed 2013-12-16PaymentsForRepurchaseOfCommonStock0001104659-13-090354 · FY2013 · period ended 2013-10-31 · filed 2013-12-16PaymentsToAcquirePropertyPlantAndEquipment + PaymentsToAcquireEquipmentOnLease0001104659-14-087794 · FY2014 · period ended 2014-10-31 · filed 2014-12-19NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0001104659-14-087794 · FY2014 · period ended 2014-10-31 · filed 2014-12-19PaymentsForRepurchaseOfCommonStock0001104659-14-087794 · FY2014 · period ended 2014-10-31 · filed 2014-12-19PaymentsToAcquirePropertyPlantAndEquipment + PaymentsToAcquireEquipmentOnLease0001047469-15-009300 · FY2015 · period ended 2015-10-31 · filed 2015-12-18NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0001047469-15-009300 · FY2015 · period ended 2015-10-31 · filed 2015-12-18PaymentsForRepurchaseOfCommonStock0001047469-15-009300 · FY2015 · period ended 2015-10-31 · filed 2015-12-18PaymentsToAcquirePropertyPlantAndEquipment + PaymentsToAcquireEquipmentOnLease0001047469-16-017244 · FY2016 · period ended 2016-10-31 · filed 2016-12-19NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0001047469-16-017244 · FY2016 · period ended 2016-10-31 · filed 2016-12-19PaymentsForRepurchaseOfCommonStock0001047469-16-017244 · FY2016 · period ended 2016-10-31 · filed 2016-12-19PaymentsToAcquirePropertyPlantAndEquipment + PaymentsToAcquireEquipmentOnLease0001558370-20-014436 · FY2020 · period ended 2020-11-01 · filed 2020-12-17NetCashProvidedByUsedInOperatingActivities0001558370-20-014436 · FY2020 · period ended 2020-11-01 · filed 2020-12-17PaymentsForRepurchaseOfCommonStock0001558370-20-014436 · FY2020 · period ended 2020-11-01 · filed 2020-12-17PaymentsToAcquirePropertyPlantAndEquipment + PaymentsToAcquireEquipmentOnLease0001558370-21-016864 · FY2021 · period ended 2021-10-31 · filed 2021-12-16NetCashProvidedByUsedInOperatingActivities0001558370-21-016864 · FY2021 · period ended 2021-10-31 · filed 2021-12-16PaymentsForRepurchaseOfCommonStock0001558370-21-016864 · FY2021 · period ended 2021-10-31 · filed 2021-12-16PaymentsToAcquirePropertyPlantAndEquipment + PaymentsToAcquireEquipmentOnLease0001558370-22-018703 · FY2022 · period ended 2022-10-30 · filed 2022-12-15NetCashProvidedByUsedInOperatingActivities0001558370-22-018703 · FY2022 · period ended 2022-10-30 · filed 2022-12-15PaymentsForRepurchaseOfCommonStock0001558370-22-018703 · FY2022 · period ended 2022-10-30 · filed 2022-12-15PaymentsToAcquirePropertyPlantAndEquipment + PaymentsToAcquireEquipmentOnLease0001558370-23-019812 · FY2023 · period ended 2023-10-29 · filed 2023-12-15NetCashProvidedByUsedInOperatingActivities0001558370-23-019812 · FY2023 · period ended 2023-10-29 · filed 2023-12-15PaymentsForRepurchaseOfCommonStock0001558370-23-019812 · FY2023 · period ended 2023-10-29 · filed 2023-12-15PaymentsToAcquirePropertyPlantAndEquipment + PaymentsToAcquireEquipmentOnLease0001558370-24-016169 · FY2024 · period ended 2024-10-27 · filed 2024-12-12NetCashProvidedByUsedInOperatingActivities0001558370-24-016169 · FY2024 · period ended 2024-10-27 · filed 2024-12-12PaymentsForRepurchaseOfCommonStock0001558370-24-016169 · FY2024 · period ended 2024-10-27 · filed 2024-12-12PaymentsToAcquirePropertyPlantAndEquipment + PaymentsToAcquireEquipmentOnLease0001104659-25-122321 · FY2025 · period ended 2025-11-02 · filed 2025-12-18NetCashProvidedByUsedInOperatingActivities0001104659-25-122321 · FY2025 · period ended 2025-11-02 · filed 2025-12-18PaymentsForRepurchaseOfCommonStock0001104659-25-122321 · FY2025 · period ended 2025-11-02 · filed 2025-12-18PaymentsToAcquirePropertyPlantAndEquipment + PaymentsToAcquireEquipmentOnLeaseNet cash provided by operating activities is the consolidated total and includes the financial services business, John Deere Financial, alongside the equipment operations.Sum of two cash flow lines: purchases of property and equipment, and cost of equipment on operating leases acquired, which is mainly equipment leased to customers through John Deere Financial.

Share of free cash flow, fiscal 2009–2011, 2013–2016, 2020–2025

Details and every year

Dividends

44.8%Dividends as a share of free cash flowSEC EDGAR · CIK 00003151890001104659-09-070344 · FY2009 · period ended 2009-10-31 · filed 2009-12-17NetCashProvidedByUsedInOperatingActivities0001104659-09-070344 · FY2009 · period ended 2009-10-31 · filed 2009-12-17PaymentsOfDividendsCommonStock0001104659-09-070344 · FY2009 · period ended 2009-10-31 · filed 2009-12-17PaymentsToAcquirePropertyPlantAndEquipment + PaymentsToAcquireEquipmentOnLease0001104659-10-063219 · FY2010 · period ended 2010-10-31 · filed 2010-12-17NetCashProvidedByUsedInOperatingActivities0001104659-10-063219 · FY2010 · period ended 2010-10-31 · filed 2010-12-17PaymentsOfDividendsCommonStock0001104659-10-063219 · FY2010 · period ended 2010-10-31 · filed 2010-12-17PaymentsToAcquirePropertyPlantAndEquipment + PaymentsToAcquireEquipmentOnLease0001104659-11-070023 · FY2011 · period ended 2011-10-31 · filed 2011-12-19NetCashProvidedByUsedInOperatingActivities0001104659-11-070023 · FY2011 · period ended 2011-10-31 · filed 2011-12-19PaymentsOfDividendsCommonStock0001104659-11-070023 · FY2011 · period ended 2011-10-31 · filed 2011-12-19PaymentsToAcquirePropertyPlantAndEquipment + PaymentsToAcquireEquipmentOnLease0001104659-13-090354 · FY2013 · period ended 2013-10-31 · filed 2013-12-16NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0001104659-13-090354 · FY2013 · period ended 2013-10-31 · filed 2013-12-16PaymentsOfDividendsCommonStock0001104659-13-090354 · FY2013 · period ended 2013-10-31 · filed 2013-12-16PaymentsToAcquirePropertyPlantAndEquipment + PaymentsToAcquireEquipmentOnLease0001104659-14-087794 · FY2014 · period ended 2014-10-31 · filed 2014-12-19NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0001104659-14-087794 · FY2014 · period ended 2014-10-31 · filed 2014-12-19PaymentsOfDividendsCommonStock0001104659-14-087794 · FY2014 · period ended 2014-10-31 · filed 2014-12-19PaymentsToAcquirePropertyPlantAndEquipment + PaymentsToAcquireEquipmentOnLease0001047469-15-009300 · FY2015 · period ended 2015-10-31 · filed 2015-12-18NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0001047469-15-009300 · FY2015 · period ended 2015-10-31 · filed 2015-12-18PaymentsOfDividendsCommonStock0001047469-15-009300 · FY2015 · period ended 2015-10-31 · filed 2015-12-18PaymentsToAcquirePropertyPlantAndEquipment + PaymentsToAcquireEquipmentOnLease0001047469-16-017244 · FY2016 · period ended 2016-10-31 · filed 2016-12-19NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0001047469-16-017244 · FY2016 · period ended 2016-10-31 · filed 2016-12-19PaymentsOfDividendsCommonStock0001047469-16-017244 · FY2016 · period ended 2016-10-31 · filed 2016-12-19PaymentsToAcquirePropertyPlantAndEquipment + PaymentsToAcquireEquipmentOnLease0001558370-20-014436 · FY2020 · period ended 2020-11-01 · filed 2020-12-17NetCashProvidedByUsedInOperatingActivities0001558370-20-014436 · FY2020 · period ended 2020-11-01 · filed 2020-12-17PaymentsOfDividendsCommonStock0001558370-20-014436 · FY2020 · period ended 2020-11-01 · filed 2020-12-17PaymentsToAcquirePropertyPlantAndEquipment + PaymentsToAcquireEquipmentOnLease0001558370-21-016864 · FY2021 · period ended 2021-10-31 · filed 2021-12-16NetCashProvidedByUsedInOperatingActivities0001558370-21-016864 · FY2021 · period ended 2021-10-31 · filed 2021-12-16PaymentsOfDividendsCommonStock0001558370-21-016864 · FY2021 · period ended 2021-10-31 · filed 2021-12-16PaymentsToAcquirePropertyPlantAndEquipment + PaymentsToAcquireEquipmentOnLease0001558370-22-018703 · FY2022 · period ended 2022-10-30 · filed 2022-12-15NetCashProvidedByUsedInOperatingActivities0001558370-22-018703 · FY2022 · period ended 2022-10-30 · filed 2022-12-15PaymentsOfDividendsCommonStock0001558370-22-018703 · FY2022 · period ended 2022-10-30 · filed 2022-12-15PaymentsToAcquirePropertyPlantAndEquipment + PaymentsToAcquireEquipmentOnLease0001558370-23-019812 · FY2023 · period ended 2023-10-29 · filed 2023-12-15NetCashProvidedByUsedInOperatingActivities0001558370-23-019812 · FY2023 · period ended 2023-10-29 · filed 2023-12-15PaymentsOfDividendsCommonStock0001558370-23-019812 · FY2023 · period ended 2023-10-29 · filed 2023-12-15PaymentsToAcquirePropertyPlantAndEquipment + PaymentsToAcquireEquipmentOnLease0001558370-24-016169 · FY2024 · period ended 2024-10-27 · filed 2024-12-12NetCashProvidedByUsedInOperatingActivities0001558370-24-016169 · FY2024 · period ended 2024-10-27 · filed 2024-12-12PaymentsOfDividendsCommonStock0001558370-24-016169 · FY2024 · period ended 2024-10-27 · filed 2024-12-12PaymentsToAcquirePropertyPlantAndEquipment + PaymentsToAcquireEquipmentOnLease0001104659-25-122321 · FY2025 · period ended 2025-11-02 · filed 2025-12-18NetCashProvidedByUsedInOperatingActivities0001104659-25-122321 · FY2025 · period ended 2025-11-02 · filed 2025-12-18PaymentsOfDividendsCommonStock0001104659-25-122321 · FY2025 · period ended 2025-11-02 · filed 2025-12-18PaymentsToAcquirePropertyPlantAndEquipment + PaymentsToAcquireEquipmentOnLeaseNet cash provided by operating activities is the consolidated total and includes the financial services business, John Deere Financial, alongside the equipment operations.Sum of two cash flow lines: purchases of property and equipment, and cost of equipment on operating leases acquired, which is mainly equipment leased to customers through John Deere Financial.

Share of free cash flow, fiscal 2009–2011, 2013–2016, 2020–2025

Details and every year

Acquisitions

6.4%^cAcquisitions as a share of free cash flowSEC EDGAR · CIK 00003151890001104659-09-070344 · FY2009 · period ended 2009-10-31 · filed 2009-12-17NetCashProvidedByUsedInOperatingActivities0001104659-09-070344 · FY2009 · period ended 2009-10-31 · filed 2009-12-17PaymentsToAcquirePropertyPlantAndEquipment + PaymentsToAcquireEquipmentOnLease0001104659-11-070023 · FY2009 · period ended 2009-10-31 · filed 2011-12-19PaymentsToAcquireBusinessesAndInterestInAffiliates0001104659-10-063219 · FY2010 · period ended 2010-10-31 · filed 2010-12-17NetCashProvidedByUsedInOperatingActivities0001104659-10-063219 · FY2010 · period ended 2010-10-31 · filed 2010-12-17PaymentsToAcquirePropertyPlantAndEquipment + PaymentsToAcquireEquipmentOnLease0001104659-11-070023 · FY2010 · period ended 2010-10-31 · filed 2011-12-19PaymentsToAcquireBusinessesAndInterestInAffiliates0001104659-11-070023 · FY2011 · period ended 2011-10-31 · filed 2011-12-19NetCashProvidedByUsedInOperatingActivities0001104659-11-070023 · FY2011 · period ended 2011-10-31 · filed 2011-12-19PaymentsToAcquireBusinessesAndInterestInAffiliates0001104659-11-070023 · FY2011 · period ended 2011-10-31 · filed 2011-12-19PaymentsToAcquirePropertyPlantAndEquipment + PaymentsToAcquireEquipmentOnLease0001104659-13-090354 · FY2013 · period ended 2013-10-31 · filed 2013-12-16NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0001104659-13-090354 · FY2013 · period ended 2013-10-31 · filed 2013-12-16PaymentsToAcquireBusinessesAndInterestInAffiliates0001104659-13-090354 · FY2013 · period ended 2013-10-31 · filed 2013-12-16PaymentsToAcquirePropertyPlantAndEquipment + PaymentsToAcquireEquipmentOnLease0001047469-16-017244 · FY2016 · period ended 2016-10-31 · filed 2016-12-19NetCashProvidedByUsedInOperatingActivitiesContinuingOperations0001047469-16-017244 · FY2016 · period ended 2016-10-31 · filed 2016-12-19PaymentsToAcquireBusinessesNetOfCashAcquired0001047469-16-017244 · FY2016 · period ended 2016-10-31 · filed 2016-12-19PaymentsToAcquirePropertyPlantAndEquipment + PaymentsToAcquireEquipmentOnLease0001558370-20-014436 · FY2020 · period ended 2020-11-01 · filed 2020-12-17NetCashProvidedByUsedInOperatingActivities0001558370-20-014436 · FY2020 · period ended 2020-11-01 · filed 2020-12-17PaymentsToAcquireBusinessesNetOfCashAcquired0001558370-20-014436 · FY2020 · period ended 2020-11-01 · filed 2020-12-17PaymentsToAcquirePropertyPlantAndEquipment + PaymentsToAcquireEquipmentOnLease0001558370-21-016864 · FY2021 · period ended 2021-10-31 · filed 2021-12-16NetCashProvidedByUsedInOperatingActivities0001558370-21-016864 · FY2021 · period ended 2021-10-31 · filed 2021-12-16PaymentsToAcquireBusinessesNetOfCashAcquired0001558370-21-016864 · FY2021 · period ended 2021-10-31 · filed 2021-12-16PaymentsToAcquirePropertyPlantAndEquipment + PaymentsToAcquireEquipmentOnLease0001558370-22-018703 · FY2022 · period ended 2022-10-30 · filed 2022-12-15NetCashProvidedByUsedInOperatingActivities0001558370-22-018703 · FY2022 · period ended 2022-10-30 · filed 2022-12-15PaymentsToAcquireBusinessesNetOfCashAcquired0001558370-22-018703 · FY2022 · period ended 2022-10-30 · filed 2022-12-15PaymentsToAcquirePropertyPlantAndEquipment + PaymentsToAcquireEquipmentOnLease0001558370-23-019812 · FY2023 · period ended 2023-10-29 · filed 2023-12-15NetCashProvidedByUsedInOperatingActivities0001558370-23-019812 · FY2023 · period ended 2023-10-29 · filed 2023-12-15PaymentsToAcquireBusinessesNetOfCashAcquired0001558370-23-019812 · FY2023 · period ended 2023-10-29 · filed 2023-12-15PaymentsToAcquirePropertyPlantAndEquipment + PaymentsToAcquireEquipmentOnLease0001104659-25-122321 · FY2025 · period ended 2025-11-02 · filed 2025-12-18NetCashProvidedByUsedInOperatingActivities0001104659-25-122321 · FY2025 · period ended 2025-11-02 · filed 2025-12-18PaymentsToAcquireBusinessesNetOfCashAcquired0001104659-25-122321 · FY2025 · period ended 2025-11-02 · filed 2025-12-18PaymentsToAcquirePropertyPlantAndEquipment + PaymentsToAcquireEquipmentOnLeasec: comparative figure from a later filing (PaymentsToAcquireBusinessesAndInterestInAffiliates FY2009; PaymentsToAcquireBusinessesAndInterestInAffiliates FY2010); SEC's structured data has no figure from the fiscal year's own 10-K.Net cash provided by operating activities is the consolidated total and includes the financial services business, John Deere Financial, alongside the equipment operations.Sum of two cash flow lines: purchases of property and equipment, and cost of equipment on operating leases acquired, which is mainly equipment leased to customers through John Deere Financial.

Share of free cash flow, fiscal 2009–2011, 2013, 2016, 2020–2023, 2025

Details and every year

Median ROIC

MissingMedian return on invested capitalROIC: no fiscal year has all the inputs; there is no figure for operating income under OperatingIncomeLoss in any fiscal year

Return on invested capital

Details and every year

Sections, fiscal 2009–2025

• Where the cash wentFree cash flow and what it was spent on — buybacks, dividends, acquisitions and debt — year by year.
• Return on capitalReturn on invested capital and on incremental capital, and up to three estimates of owner earnings.
• Management recordPrices paid for buybacks, debt against operating income, margins, share issuance and stock-based pay.