(19) SUPPLEMENTAL CONSOLIDATING DATA
STATEMENT OF INCOME
For the Three Months Ended January 31, 2015 and 2014

(In millions of dollars) Unaudited	EQUIPMENT OPERATIONS*				FINANCIAL SERVICES
	2015		2014		2015		2014
Net Sales and Revenues
Net sales	$	5,605.1	$	6,948.5
Finance and interest income	20.5		17.2		$	633.0	$	569.2
Other income	160.0		150.5		64.9		64.4
Total	5,785.6		7,116.2		697.9		633.6

Costs and Expenses
Cost of sales	4,421.1		5,195.9
Research and development expenses	333.2		323.7
Selling, administrative and general expenses	540.2		643.2		121.2		126.0
Interest expense	71.0		75.3		122.9		107.8
Interest compensation to Financial Services	46.0		42.3
Other operating expenses	39.1		52.5		221.2		218.3
Total	5,450.6		6,332.9		465.3		452.1

Income of Consolidated Group before Income Taxes	335.0		783.3		232.6		181.5
Provision for income taxes	94.3		240.3		76.2		40.1
Income of Consolidated Group	240.7		543.0		156.4		141.4

Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates
Financial Services	156.8		142.2		.4		.8
Other	(10.6)		(3.9)
Total	146.2		138.3		.4		.8
Net Income	386.9		681.3		156.8		142.2
Less: Net income attributable to noncontrolling interests	.1		.2
Net Income Attributable to Deere & Company	$	386.8	$	681.1	$	156.8	$	142.2


* 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)
CONDENSED BALANCE SHEET (In millions of dollars) Unaudited	EQUIPMENT OPERATIONS*						FINANCIAL SERVICES
	January 31 2015		October 31 2014		January 31 2014		January 31 2015		October 31 2014		January 31 2014
Assets
Cash and cash equivalents	$	2,844.4	$	2,569.2	$	2,659.7	$	1,130.4	$	1,217.8	$	529.0
Marketable securities	100.0		700.4		1,008.3		393.8		514.7		430.2
Receivables from unconsolidated subsidiaries and affiliates	2,592.9		3,663.9		3,334.4
Trade accounts and notes receivable - net	547.5		706.0		848.3		3,847.2		3,554.4		3,827.9
Financing receivables - net	8.7		18.5		9.1		25,797.2		27,403.7		25,233.2
Financing receivables securitized - net							3,893.3		4,602.3		3,490.9
Other receivables	863.9		848.0		842.0		82.6		659.0		342.3
Equipment on operating leases - net							3,834.6		4,015.5		3,026.0
Inventories	4,527.1		4,209.7		5,554.6
Property and equipment - net	5,293.4		5,522.5		5,294.0		54.1		55.3		57.0
Investments in unconsolidated subsidiaries and affiliates	4,997.0		5,106.5		4,764.4		10.2		10.9		10.9
Goodwill	741.3		791.2		834.6
Other intangible assets - net	62.3		64.8		70.6				4.0		4.0
Retirement benefits	283.8		263.5		548.3		30.9		32.9		36.8
Deferred income taxes	2,923.2		2,981.9		2,563.3		68.7		64.9		65.8
Other assets	926.8		850.6		702.4		847.7		648.2		644.1
Assets held for sale							384.9
Total Assets	$	26,712.3	$	28,296.7	$	29,034.0	$	40,375.6	$	42,783.6	$	37,698.1

Liabilities and Stockholders’ Equity
Short-term borrowings	$	1,079.2	$	434.1	$	1,759.6	$	7,543.5	$	7,585.1	$	6,897.7
Short-term securitization borrowings							3,887.9		4,558.5		3,490.8
Payables to unconsolidated subsidiaries and affiliates	119.2		101.0		89.1		2,565.6		3,633.7		3,299.2
Accounts payable and accrued expenses	6,146.2		7,518.4		6,678.6		1,363.2		2,027.0		1,640.0
Deferred income taxes	79.7		87.1		81.3		474.9		344.1		379.2
Long-term borrowings	4,622.0		4,642.5		4,828.2		19,484.7		19,738.2		17,437.0
Retirement benefits and other liabilities	6,417.2		6,448.1		5,339.4		83.4		82.8		76.4
Liabilities held for sale							266.8
Total liabilities	18,463.5		19,231.2		18,776.2		35,670.0		37,969.4		33,220.3

Commitments and contingencies (Note 14)

Common stock, $1 par value (issued shares at January 31, 2015 — 536,431,204)	3,714.0		3,675.4		3,571.3		2,030.8		2,023.1		1,992.8
Common stock in treasury	(13,408.2)		(12,834.2)		(10,643.1)
Retained earnings	22,185.2		22,004.4		20,136.9		2,816.8		2,811.8		2,479.5
Accumulated other comprehensive income (loss)	(4,245.0)		(3,783.0)		(2,809.4)		(142.0)		(20.7)		5.5
Total Deere & Company stockholders’ equity	8,246.0		9,062.6		10,255.7		4,705.6		4,814.2		4,477.8
Noncontrolling interests	2.8		2.9		2.1
Total stockholders’ equity	8,248.8		9,065.5		10,257.8		4,705.6		4,814.2		4,477.8
Total Liabilities and Stockholders’ Equity	$	26,712.3	$	28,296.7	$	29,034.0	$	40,375.6	$	42,783.6	$	37,698.1


* 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 CASH FLOWS For the Three Months Ended January 31, 2015 and 2014
(In millions of dollars) Unaudited	EQUIPMENT OPERATIONS*				FINANCIAL SERVICES
	2015		2014		2015		2014
Cash Flows from Operating Activities
Net income	$	386.9	$	681.3	$	156.8	$	142.2
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Provision (credit) for credit losses	(.4)		.1		1.4		2.4
Provision for depreciation and amortization	209.8		229.7		161.2		136.3
Impairment charges			26.3
Undistributed earnings of unconsolidated subsidiariesand affiliates	5.3		(138.4)		(.4)		(.8		)
Provision (credit) for deferred income taxes	55.8		(3.8)		120.3		(4.7		)
Changes in assets and liabilities:
Trade receivables	109.2		167.0
Insurance receivables					256.5		101.9
Inventories	(508.1)		(721.1)
Accounts payable and accrued expenses	(1,082.2)		(1,169.7)		(282.9)		(117.0		)
Accrued income taxes payable/receivable	(182.7)		124.5		(2.8)		13.0
Retirement benefits	80.8		49.7		3.6		3.7
Other	108.5		36.8		11.8		(9.2		)
Net cash provided by (used for) operating activities	(817.1)		(717.6)		425.5		267.8

Cash Flows from Investing Activities
Collections of receivables (excluding trade and wholesale)					5,038.2		5,008.5
Proceeds from maturities and sales of marketable securities	600.0		400.0		73.4		3.6
Proceeds from sales of equipment on operating leases					242.1		276.4
Proceeds from sales of businesses, net of cash sold			303.7
Cost of receivables acquired (excluding trade and wholesale)					(3,936.7)		(4,529.1		)
Purchases of marketable securities			(203.7)		(19.3)		(18.7		)
Purchases of property and equipment	(183.6)		(250.5)		(.4)		(.2		)
Cost of equipment on operating leases acquired					(429.2)		(407.9		)
Decrease (increase) in trade and wholesale receivables					80.9		(149.0		)
Other	(23.1)		(44.3)		(31.8)		(48.4		)
Net cash provided by investing activities	393.3		205.2		1,017.2		135.2

Cash Flows from Financing Activities
Increase (decrease) in total short-term borrowings	707.2		703.1		(497.4)		(1,439.8		)
Change in intercompany receivables/payables	873.6		79.2		(873.6)		(79.2		)
Proceeds from long-term borrowings	1.5		6.0		1,226.3		2,235.1
Payments of long-term borrowings	(16.2)		(15.9)		(1,218.1)		(1,084.1		)
Proceeds from issuance of common stock	44.7		54.3
Repurchases of common stock	(604.7)		(477.3)
Dividends paid	(209.9)		(192.5)		(151.6)
Excess tax benefits from share-based compensation	6.3		14.6
Other	(16.6)		(6.0)		2.1		29.5
Net cash provided by (used for) financing activities	785.9		165.5		(1,512.3)		(338.5		)

Effect of Exchange Rate Changes on Cash and Cash Equivalents	(86.9)		(16.7)		(17.8)		(16.3		)
Net Increase (Decrease) in Cash and Cash Equivalents	275.2		(363.6)		(87.4)		48.2
Cash and Cash Equivalents at Beginning of Period	2,569.2		3,023.3		1,217.8		480.8
Cash and Cash Equivalents at End of Period	$	2,844.4	$	2,659.7	$	1,130.4	$	529.0

* 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.