(20) SUPPLEMENTAL CONSOLIDATING DATA
STATEMENT OF INCOME
For the Three Months Ended April 30, 2014 and 2013
(In millions of dollars) Unaudited	EQUIPMENT OPERATIONS*				FINANCIAL SERVICES
	2014		2013		2014		2013
Net Sales and Revenues
Net sales	$	9,246.2	$	10,265.0
Finance and interest income	18.6		20.6		$	591.8	$	555.6
Other income	149.9		130.1		38.5		38.9
Total	9,414.7		10,415.7		630.3		594.5

Costs and Expenses
Cost of sales	6,872.0		7,482.5
Research and development expenses	354.1		376.8
Selling, administrative and general expenses	719.2		836.9		129.5		122.3
Interest expense	80.1		73.4		97.9		127.4
Interest compensation to Financial Services	54.8		54.3
Other operating expenses	99.3		45.7		174.3		147.1
Total	8,179.5		8,869.6		401.7		396.8

Income of Consolidated Group before Income Taxes	1,235.2		1,546.1		228.6		197.7
Provision for income taxes	397.6		593.2		81.4		73.2
Income of Consolidated Group	837.6		952.9		147.2		124.5

Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates
Financial Services	147.7		125.0		.5		.5
Other	(4.1)		6.4
Total	143.6		131.4		.5		.5
Net Income	981.2		1,084.3		147.7		125.0
Less: Net income attributable to noncontrolling interests	.5		.1
Net Income Attributable to Deere & Company	$	980.7	$	1,084.2	$	147.7	$	125.0

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

The supplemental consolidating data is presented for informational purposes. Transactions between the “Equipment Operations” and “Financial Services” have been eliminated to arrive at the consolidated financial statements.

SUPPLEMENTAL CONSOLIDATING DATA (Continued)
STATEMENT OF INCOME
For the Six Months Ended April 30, 2014 and 2013
(In millions of dollars) Unaudited	EQUIPMENT OPERATIONS*				FINANCIAL SERVICES
	2014		2013		2014		2013
Net Sales and Revenues
Net sales	$	16,194.8	$	17,057.9
Finance and interest income	35.8		38.1		$	1,161.0	$	1,089.5
Other income	300.3		260.2		102.9		76.9
Total	16,530.9		17,356.2		1,263.9		1,166.4

Costs and Expenses
Cost of sales	12,067.9		12,497.7
Research and development expenses	677.8		733.3
Selling, administrative and general expenses	1,362.3		1,509.8		255.4		233.9
Interest expense	155.4		143.0		205.7		246.7
Interest compensation to Financial Services	97.1		95.8
Other operating expenses	151.9		80.7		392.6		291.8
Total	14,512.4		15,060.3		853.7		772.4

Income of Consolidated Group before Income Taxes	2,018.5		2,295.9		410.2		394.0
Provision for income taxes	638.0		818.4		121.6		136.9
Income of Consolidated Group	1,380.5		1,477.5		288.6		257.1

Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates
Financial Services	289.9		257.9		1.3		.8
Other	(7.9)		(1.4)
Total	282.0		256.5		1.3		.8
Net Income	1,662.5		1,734.0		289.9		257.9
Less: Net income attributable to noncontrolling interests	.7		.1
Net Income Attributable to Deere & Company	$	1,661.8	$	1,733.9	$	289.9	$	257.9

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

SUPPLEMENTAL CONSOLIDATING DATA (Continued)

CONDENSED BALANCE SHEET

(In millions of dollars) Unaudited	EQUIPMENT OPERATIONS*									FINANCIAL SERVICES
	April 30 2014			October 31 2013			April 30 2013			April 30 2014		October 31 2013		April 30 2013

Assets

Cash and cash equivalents	$	1,874.9		$	3,023.3		$	3,145.8		$	1,203.6	$	480.8	$	505.7
Marketable securities	1,105.6			1,207.2			1,003.6			466.1		417.6		395.4
Receivables from unconsolidated subsidiaries and affiliates	4,046.7			3,502.0			2,738.8
Trade accounts and notes receivable - net	969.9			1,061.8			1,430.4			5,264.6		3,555.9		5,056.6
Financing receivables - net	13.5			16.5			12.0			25,482.6		25,616.2		22,732.8
Financing receivables securitized - net										4,345.4		4,153.1		3,788.3
Other receivables	924.9			983.1			911.9			301.1		486.6		267.8
Equipment on operating leases - net										3,203.8		3,152.2		2,575.5
Inventories	5,849.6			4,934.7			6,173.0
Property and equipment - net	5,316.8			5,408.5			5,054.6			56.3		58.4		59.4
Investments in unconsolidated subsidiaries and affiliates	4,875.6			4,569.0			4,271.6			11.5		10.2		9.6
Goodwill	839.6			844.8			922.9
Other intangible assets - net	67.3			73.1			89.8			4.0		4.0		4.0
Retirement benefits	546.9			517.7			30.6			35.5		37.5		41.0
Deferred income taxes	2,683.4			2,575.4			3,590.0			68.8		51.3		48.3
Other assets	667.7			654.3			611.2			583.6		622.2		842.1
Assets held for sale	84.7			505.0
Total Assets	$	29,867.1		$	29,876.4		$	29,986.2		$	41,026.9	$	38,646.0	$	36,326.5

Liabilities and Stockholders’ Equity
Short-term borrowings	$	1,020.5		$	1,080.4		$	1,368.6		$	7,742.5	$	7,708.5	$	7,045.4
Short-term securitization borrowings										4,329.5		4,109.1		3,788.4
Payables to unconsolidated subsidiaries and affiliates	134.5			106.9			143.3			4,008.4		3,470.8		2,686.4
Accounts payable and accrued expenses	7,728.4			7,990.9			7,728.0			1,570.6		1,849.8		1,523.9
Deferred income taxes	88.0			92.4			88.8			368.1		369.1		334.9
Long-term borrowings	4,816.7			4,870.9			4,925.2			18,350.2		16,706.8		16,827.7
Retirement benefits and other liabilities	5,361.6			5,346.8			7,465.5			79.0		74.1		68.6
Liabilities held for sale	49.8			120.4
Total liabilities	19,199.5			19,608.7			21,719.4			36,448.3		34,288.2		32,275.3

Commitments and contingencies (Note 14)

Common stock, $1 par value (issued shares at April 30, 2014 – 536,431,204)	3,621.6			3,524.2			3,474.4			1,999.4		1,956.3		1,882.1
Common stock in treasury	(11,224.1		)	(10,210.9		)	(8,987.0		)
Retained earnings	20,931.3			19,645.6			18,231.5			2,537.2		2,337.3		2,070.2
Accumulated other comprehensive income (loss)	(2,663.5		)	(2,693.1		)	(4,454.0		)	42.0		64.2		98.9
Total Deere & Company stockholders’ equity	10,665.3			10,265.8			8,264.9			4,578.6		4,357.8		4,051.2
Noncontrolling interests	2.3			1.9			1.9
Total stockholders’ equity	10,667.6			10,267.7			8,266.8			4,578.6		4,357.8		4,051.2
Total Liabilities and Stockholders’ Equity	$	29,867.1		$	29,876.4		$	29,986.2		$	41,026.9	$	38,646.0	$	36,326.5

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

SUPPLEMENTAL CONSOLIDATING DATA (Continued)

STATEMENT OF CASH FLOWS

For the Six Months Ended April 30, 2014 and 2013

(In millions of dollars) Unaudited	EQUIPMENT OPERATIONS*						FINANCIAL SERVICES
	2014			2013			2014			2013
Cash Flows from Operating Activities
Net income	$	1,662.5		$	1,734.0		$	289.9		$	257.9
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	1.9			5.9			7.9			2.6
Provision for depreciation and amortization	397.7			366.5			271.2			236.0
Impairment charges	62.3
Undistributed earnings of unconsolidated subsidiaries and affiliates	(190.8		)	(102.0		)	(1.3		)	(.8		)
Credit for deferred income taxes	(117.8		)	(100.5		)	(20.3		)	(3.4		)
Changes in assets and liabilities:
Trade receivables	(3.9		)	(156.9		)
Insurance receivables							175.4			462.0
Inventories	(995.9		)	(1,016.4		)
Accounts payable and accrued expenses	(123.3		)	120.3			(200.0		)	(511.2		)
Accrued income taxes payable/receivable	77.5			104.5			9.3			(7.2		)
Retirement benefits	130.5			5.9			7.5			10.9
Other	126.3			3.6			3.8			21.0
Net cash provided by operating activities	1,027.0			964.9			543.4			467.8

Cash Flows from Investing Activities
Collections of receivables (excluding trade and wholesale)							9,006.6			8,420.6
Proceeds from maturities and sales of marketable securities	600.0			500.6			11.3			27.4
Proceeds from sales of equipment on operating leases							570.9			506.4
Proceeds from sales of businesses, net of cash sold	307.2
Cost of receivables acquired (excluding trade and wholesale)							(9,120.5		)	(8,962.2		)
Purchases of marketable securities	(504.0		)	(404.0		)	(58.8		)	(56.5		)
Purchases of property and equipment	(425.2		)	(501.9		)	(1.0		)	(1.8		)
Cost of equipment on operating leases acquired							(986.0		)	(814.3		)
Increase in trade and wholesale receivables							(1,895.1		)	(2,049.2		)
Other	(89.2		)	(98.9		)	(39.1		)	(35.5		)
Net cash used for investing activities	(111.2		)	(504.2		)	(2,511.7		)	(2,965.1		)

Cash Flows from Financing Activities
Increase in total short-term borrowings	641.6			235.3			315.1			1,106.4
Change in intercompany receivables/payables	(612.0		)	(1,188.7		)	612.0			1,188.7
Proceeds from long-term borrowings	6.6			238.4			4,247.2			2,232.2
Payments of long-term borrowings	(737.3		)	(35.6		)	(2,398.1		)	(2,139.5		)
Proceeds from issuance of common stock	108.7			149.7
Repurchases of common stock	(1,093.4		)	(288.0		)
Dividends paid	(382.3		)	(357.6		)	(90.0		)	(146.0		)
Excess tax benefits from share-based compensation	24.2			43.1
Other	(11.0		)	(21.1		)	21.1			35.4
Net cash provided by (used for) financing activities	(2,054.9		)	(1,224.5		)	2,707.3			2,277.2

Effect of Exchange Rate Changes on Cash and Cash Equivalents	(9.3		)	1.7			(16.2		)	(18.5		)

Net Increase (Decrease) in Cash and Cash Equivalents	(1,148.4		)	(762.1		)	722.8			(238.6		)
Cash and Cash Equivalents at Beginning of Period	3,023.3			3,907.9			480.8			744.3
Cash and Cash Equivalents at End of Period	$	1,874.9		$	3,145.8		$	1,203.6		$	505.7

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