Deere & Company $ in millions, except per share amounts Net sales and revenues Net income Fully diluted EPS 2024 Fourth Quarter 2023 $ 11,143 $ 15,412 $ 1,245 $ 2,369 $ 4.55 $ 8.26 Full Year % Change 2024 2023 -28% $ 51,716 $ 61,251 -47% $ 7,100 $ 10,166 $ 25.62 $ 34.63 % Change -16% -30% Results for the presented periods were affected by special items. See Note 1 of the financial statements for further details. Production & Precision Agriculture $ in millions Net sales Operating profit Fourth Quarter 2024 2023 % Change $ 4,305 $ 6,965 -38% $ 657 $ 15.3% 26.4% 1,836 -64% Operating margin Production and precision agriculture sales decreased for the quarter due to lower shipment volumes. Operating profit decreased primarily due to lower shipment volumes/sales mix, partially offset by lower production costs. Production & Precision Agriculture Operating Profit Fourth Quarter 2024 Compared to Fourth Quarter 2023 $ in millions ($1,204) $1,836 $2 ($60) ($70) $105 $7 $2 $39 $657 4Q 2023 Volume/ Міх Price Currency Warranty Production Costs SA&G/ R&D Special Items Other 4Q 2024 Caterpillar Inc. 4Q 2024 Earnings Release FOR IMMEDIATE RELEASE Caterpillar Reports Fourth-Quarter and Full-Year 2024 Results Fourth-quarter 2024 sales and revenues were $16.2 billion; full-year sales and revenues were $64.8 billion • Fourth-quarter 2024 profit per share of $5.78; adjusted profit per share of $5.14 • Full-year profit per share of $22.05; adjusted profit per share of $21.90 • Strong enterprise operating cash flow of $12.0 billion; ended the year with $6.9 billion of enterprise cash • Deployed $10.3 billion of cash for share repurchases and dividends in 2024 Fourth Quarter Full Year ($ in billions except profit per share) 2024 2023 2024 2023 Sales and Revenues $16.2 $17.1 $64.8 $67.1 Profit Per Share $5.78 $5.28 $22.05 $20.12 Adjusted Profit Per Share $5.14 $5.23 $21.90 $21.21 Please see a reconciliation of GAAP to non-GAAP financial measures in the appendix on pages 14 to 16. IRVING, Texas, Jan. 30, 2025 - Caterpillar Inc. (NYSE: CAT) announced fourth-quarter and full-year results for 2024.

Deere & Company $ in millions, except per share amounts Net sales and revenues Net income Fully diluted EPS 2024 Fourth Quarter 2023 $ 11,143 $ 15,412 $ 1,245 $ 2,369 $ 4.55 $ 8.26 Full Year % Change 2024 2023 -28% $ 51,716 $ 61,251 -47% $ 7,100 $ 10,166 $ 25.62 $ 34.63 % Change -16% -30% Results for the presented periods were affected by special items. See Note 1 of the financial statements for further details. Production & Precision Agriculture $ in millions Net sales Operating profit Fourth Quarter 2024 2023 % Change $ 4,305 $ 6,965 -38% $ 657 $ 15.3% 26.4% 1,836 -64% Operating margin Production and precision agriculture sales decreased for the quarter due to lower shipment volumes. Operating profit decreased primarily due to lower shipment volumes/sales mix, partially offset by lower production costs. Production & Precision Agriculture Operating Profit Fourth Quarter 2024 Compared to Fourth Quarter 2023 $ in millions ($1,204) $1,836 $2 ($60) ($70) $105 $7 $2 $39 $657 4Q 2023 Volume/ Міх Price Currency Warranty Production Costs SA&G/ R&D Special Items Other 4Q 2024 Caterpillar Inc. 4Q 2024 Earnings Release FOR IMMEDIATE RELEASE Caterpillar Reports Fourth-Quarter and Full-Year 2024 Results Fourth-quarter 2024 sales and revenues were $16.2 billion; full-year sales and revenues were $64.8 billion • Fourth-quarter 2024 profit per share of $5.78; adjusted profit per share of $5.14 • Full-year profit per share of $22.05; adjusted profit per share of $21.90 • Strong enterprise operating cash flow of $12.0 billion; ended the year with $6.9 billion of enterprise cash • Deployed $10.3 billion of cash for share repurchases and dividends in 2024 Fourth Quarter Full Year ($ in billions except profit per share) 2024 2023 2024 2023 Sales and Revenues $16.2 $17.1 $64.8 $67.1 Profit Per Share $5.78 $5.28 $22.05 $20.12 Adjusted Profit Per Share $5.14 $5.23 $21.90 $21.21 Please see a reconciliation of GAAP to non-GAAP financial measures in the appendix on pages 14 to 16. IRVING, Texas, Jan. 30, 2025 - Caterpillar Inc. (NYSE: CAT) announced fourth-quarter and full-year results for 2024.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 54CE

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