{
  "url": "https://struct.news/briefs/deere-grew-profit-while-its-operating-cash-flow-shrank",
  "title": "Deere grew profit while its operating cash flow shrank",
  "summary": "Deere’s nine-month operating cash flow fell 6.2% even as net income rose 7.0%, with lower volumes and higher material costs pressuring operations.",
  "published_at": "2026-08-27T14:07:12.408047+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "Deere & Company",
    "ticker": "DE",
    "cik": "1104659",
    "sector": "Industrials",
    "industry": "Farm & Heavy Construction Machinery"
  },
  "source_filing": {
    "form": "10-Q",
    "filed": "2026-08-27",
    "accession": "0001104659-26-102213",
    "url": "https://www.sec.gov/Archives/edgar/data/315189/000110465926102213/de-20260802x10q.htm"
  },
  "comparison_filing": {
    "form": "10-Q",
    "filed": "2025-08-28",
    "url": "https://www.sec.gov/Archives/edgar/data/315189/000155837025011789/de-20250727x10q.htm"
  },
  "reported_figures": [
    {
      "group": "The filing in three numbers",
      "label": "Revenue",
      "value": 45684000000,
      "display": "$45.7B",
      "unit": "usd",
      "period": "2025-11-02",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-Q",
        "accession": "0001104659-26-102213",
        "filing_date": "2026-08-27"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Revenue YoY",
      "value": -11.663701755742906,
      "display": "-11.7%",
      "unit": "percent",
      "period": "2025-11-02",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001104659-26-102213",
        "filing_date": "2026-08-27"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Net margin",
      "value": 11.00385255231591,
      "display": "+11.0%",
      "unit": "percent",
      "period": "2025-11-02",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001104659-26-102213",
        "filing_date": "2026-08-27"
      }
    }
  ],
  "watch_next": [
    {
      "type": "demand",
      "statement": "Lower shipment volumes and sales mix reduced operating profit during the nine-month period, partially offset by price realization and foreign exchange.",
      "importance": "medium",
      "evidence": "Operating profit decreased primarily due to lower shipment volumes / sales mix and higher production costs from an increase in material costs, partially offset by favorable price realization and the effects of foreign currency exchange.",
      "source_date": "2026-08-27"
    },
    {
      "type": "pricing",
      "statement": "Favorable price realization partly offset lower shipments and higher material costs in the latest reported period.",
      "importance": "medium",
      "evidence": "Net income increased $90 in the third quarter primarily due to favorable price realization of $286 ($403 pretax), partially offset by unfavorable tax impacts of $114 and increased production costs of $89 ($126 pretax), primarily from higher material costs.",
      "source_date": "2026-08-27"
    },
    {
      "type": "working_capital",
      "statement": "Trade receivables increased during the first nine months because of seasonality and higher sales volumes, alongside lower operating cash flow.",
      "importance": "medium",
      "evidence": "Trade receivables increased $2,406 during the first nine months of 2026, primarily due to a seasonal increase and higher sales volumes.",
      "source_date": "2026-08-27"
    },
    {
      "type": "interest_rates",
      "statement": "Financial Services benefited from lower average borrowing rates and lower average borrowings, supporting interest expense and net income.",
      "importance": "medium",
      "evidence": "Interest expense decreased as a result of lower average borrowing rates and lower average borrowings.",
      "source_date": "2026-08-27"
    }
  ],
  "related_tickers": [
    "DE"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}