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
Calendar
26 May 22
16 Aug 22
30 Oct 22
Financial summary
Quarter (USD) | May 22 | Jan 22 | Oct 21 | Aug 21 | |
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Diluted EPS |
Annual (USD) | Oct 21 | Oct 20 | Nov 19 | Oct 18 | |
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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) | 718.2M | 718.2M | 718.2M | 718.2M | 718.2M | 718.2M |
Cash burn (monthly) | 10.33M | 3.02M | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 36.56M | 10.67M | n/a | n/a | n/a | n/a |
Cash remaining | 681.64M | 707.53M | n/a | n/a | n/a | n/a |
Runway (months of cash) | 66.0 | 234.5 | n/a | n/a | n/a | n/a |
Content analysis
?Positive | ||
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Readability |
H.S. freshman Bad
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New words:
achievement, assumed, assumption, conflict, declined, deflation, difficulty, dollar, energy, entitled, environment, environmental, ethical, human, immigration, inflation, inflationary, JDAH, JDF, linking, LLC, moderately, Morgan, oil, pertaining, point, prepayment, remittance, remitted, rose, target, Vintage
Removed:
absence, acceptance, alleged, collection, commodity, connection, controlling, conversion, country, COVID, denominated, deteriorating, emergence, generated, government, greater, Harbor, implementation, industrial, instability, lending, liquidated, made, magnitude, mandated, model, network, organizational, personal, potentially, processing, proportionally, receive, recourse, region, remote, representing, restriction, role, Safe, satisfy, securitized, segregated, servicer, shut, smart, source, state, statement, stipulated, supporting, threat, transferred, travel, unconsolidated, unknown, working
Financial reports
Current reports
8-K
Financial Statements and Exhibits
20 Jul 22
8-K
Other Events
20 Jul 22
8-K
Entry into a Material Definitive Agreement
13 Jul 22
8-K
Financial Statements and Exhibits
6 Jun 22
8-K
Results of Operations and Financial Condition
20 May 22
8-K
Financial Statements and Exhibits
18 Apr 22
8-K
Financial Statements and Exhibits
7 Mar 22
8-K
Results of Operations and Financial Condition
18 Feb 22
8-K
Financial Statements and Exhibits
10 Jan 22
8-K
Results of Operations and Financial Condition
24 Nov 21
Registration and prospectus
424B2
Prospectus for primary offering
2 Jun 22
424B2
Prospectus for primary offering
2 Jun 22
FWP
Free writing prospectus
1 Jun 22
FWP
Free writing prospectus
1 Jun 22
424B2
Prospectus for primary offering
1 Jun 22
424B2
Prospectus for primary offering
13 Apr 22
FWP
Free writing prospectus
12 Apr 22
424B2
Prospectus for primary offering
12 Apr 22
25-NSE
Exchange delisting
15 Mar 22
424B2
Prospectus for primary offering
3 Mar 22
Proxies
No filings