Deere & Co. (DE) 2020财年年度报告「NYSE」.pdf

1、Deere&CompanyOne John Deere Place,Moline,Illinois 61265(309)765-8000www.JohnD2020 Annual ReportDEERE&COMPANY 2020 ANNUAL REPORTAnnual_Report_Cover_and_Back_Production_V1.indd 1Annual_Report_Cover_and_Back_Production_V1.indd 112/16/20 12:55 PM12/16/20 12:55 PMDespite the ongoing challenges associated

2、 with the pandemic,John Deere delivered a year of solid performance.The company moved with speed and innovation to keep people safe,operations running,and customers served.Net sales and revenues were$35.54 billion,and net income was$2.75 billion,the sixth-best in company history.Customers responded

3、favorably to the companys equipment and precision solutions.Deere also delivered solid returns to investors.NET SALES&REVENUES$35.54 BILLION DOWN 9%SHAREHOLDER VALUE ADDED*$1.56 BILLION UP 3%NET INCOME*(attributable to Deere&Company)$2.75 BILLION DOWN 15%The amounts shown in the charts above represe

4、nt millions of dollars.*SVA,referred to throughout this report,is a non-GAAP financial measure.See page 16 for details.*Net income in 2019 was positively affected by$68 million and in 2018 was negatively affected by$704 million due to discrete income tax adjustments related to U.S.tax reform.Adjuste

5、d net income was$3,185 million in 2019 and$3,072 million in 2018.Adjusted EPS was$9.94 and$9.39 for the respective periods.Adjusted net income and adjusted EPS are non-GAAP measures.$37,358$1,860$2,368201820182018201920192019202020202020$39,258$1,515$3,253$35,540$1,556$2,751Annual_Report_Overall_Lay

6、out_Production_V9.indd 2Annual_Report_Overall_Layout_Production_V9.indd 212/28/20 1:14 PM12/28/20 1:14 PMIn any number of ways,2020 was a remarkable year,one in which John Deere met the twin challenges of a global health crisis and a sharp economic downturn with a good deal of success.Among our acco