John Deere Capital Corporation (Capital Corporation) and its subsidiaries are collectively called the Company. John Deere Financial Services, Inc. (JDFS), a wholly-owned finance holding subsidiary of Deere & Company, owns all of the outstanding common stock of Capital Corporation. See “Relationships of the Company with John Deere” for additional information regarding agreements between the Company and Deere & Company. The Company conducts business in Australia, New Zealand, the United States (U.S.), and in several countries in Africa, Asia, Europe, and Latin America. The Company provides and administers financing for retail purchases of new equipment manufactured by Deere & Company’s agriculture and turf and construction and forestry operations and used equipment taken in trade for this equipment. The Company generally purchases retail installment sales and loan contracts (retail notes) from Deere & Company and its wholly-owned subsidiaries (collectively called John Deere). John Deere generally acquires these retail notes through John Deere retail dealers. The Company also purchases and finances a limited amount of non-Deere retail notes. The Company also finances and services revolving charge accounts, in most cases acquired from and offered through merchants in the agriculture and turf and construction and forestry markets (revolving charge accounts). The Company also provides wholesale financing for inventories of John Deere agriculture and turf and construction and forestry equipment owned by dealers of those products (wholesale receivables). In addition, the Company leases John Deere equipment and a limited amount of non-Deere equipment to retail customers (financing and operating leases). The Company also offers credit enhanced international export financing to select customers and dealers, which generally involves John Deere products. Retail notes, revolving charge accounts, wholesale receivables, and financing leases are collectively called “Receivables.” Receivables and equipment on operating leases are collectively called “Receivables and Leases.”
Company profile
Ticker
DE22B
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Latest filings (excl ownership)
424B2
Prospectus for primary offering
17 Apr 24
FWP
Free writing prospectus
16 Apr 24
8-K
Financial Statements and Exhibits
11 Apr 24
424B2
Prospectus for primary offering
9 Apr 24
FWP
Free writing prospectus
8 Apr 24
8-K
Financial Statements and Exhibits
7 Mar 24
424B2
Prospectus for primary offering
5 Mar 24
424B2
Prospectus for primary offering
5 Mar 24
424B2
Prospectus for primary offering
5 Mar 24
424B2
Prospectus for primary offering
5 Mar 24
Latest ownership filings
No filings
Financial summary
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Annual (USD) | Oct 23 | Oct 22 | Oct 21 | Oct 20 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
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Cash on hand (at last report) | 1.61 bn | 1.61 bn | 1.61 bn | 1.61 bn | 1.61 bn | 1.61 bn |
Cash burn (monthly) | 3.83 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 21.86 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 1.59 bn | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 415.1 | n/a | n/a | n/a | n/a | n/a |