1、2022Annual ReportJohn Deere extended its record of strong performance in 2022.The company achieved outstanding financial results while overcoming major supplier challenges and responding to healthy customer demand.Net sales and revenues,net income,and SVA*were the highest in company history.Deere sh
2、areholders fared well,too,realizing a total return on their investment of 17 percent at fiscal year end.Deere also enhanced its competitive position,adding customers throughout the world.Demand for our precision technologies continued to move ahead.To give our smart-industrial operating model more s
3、trength and definition,a series of exacting metrics,known as Leap Ambitions,was introduced.They set aggressive goals for unlocking value for our customers as well as producing strong financial and sustainability outcomes for John Deere.On the cover:In 2022 John Deere unveiled its first fully autonom
4、ous tractor for large-scale production.The autonomous 8R tractor offers advanced technologies,including six pairs of stereo cameras that provide 360-degree vision to see objects in the field and determine distance.The amounts shown in the charts above represent millions of dollars.*Shareholder Value
5、 Added(SVA),referred to throughout this report,is a non-GAAP financial measure.See page 15,and related footnotes,for further details.Unless indicated otherwise,all capitalized names of products and services are trademarks of Deere&Company.NET SALES&REVENUES$52.58BILLIONChairman&CEOJOHNMAYSHAREHOLDER
6、 VALUE ADDED*$6.23BILLIONNET INCOME(attributable to Deere&Company)$7.13BILLION$35,540$1,679$2,751202020202020202120212021202220222022$44,024$5,128$5,963$52,577$6,229$7,13102John Deere 2022 Annual ReportCEO Letter12/22/22 1:06 PMChairman&CEO LetterJohn Deere extended its record of strong performance