UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM |
CURRENT REPORT
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Item 2.02 Results of Operations and Financial Condition.
John Deere Capital Corporation’s (JDCC) revenue, net income, and ending portfolio balance for the second quarter and first six months of fiscal year 2025 are set forth below:
Second Quarter | Year to Date | |||||||||||||||
$ in millions | 2025 | 2024 | % Change | 2025 | 2024 | % Change | ||||||||||
Revenue | $ | 1,191 | $ | 1,199 | -1% | $ | 2,389 | $ | 2,360 | 1% | ||||||
Net income | $ | 124 | $ | 126 | -2% | $ | 283 | $ | 301 | -6% | ||||||
Ending portfolio balance | $ | 57,665 | $ | 59,212 | 3% |
JDCC's net income for the quarter and year-to-date was lower than the same periods in 2024 primarily due to a higher provision for credit losses and less-favorable financing spreads, partially offset by lower administrative and operating expenses.
Item 7.01Regulation FD Disclosure.
On May 15, 2025, Deere & Company, JDCC’s parent, issued a press release announcing its results of operations for the second quarter and made available a presentation providing a review of its second quarter of fiscal year 2025 in connection with its investor earnings call. Copies of the press release and presentation are furnished herewith as Exhibits 99.1 and 99.2, respectively, and incorporated herein by reference.
Item 8.01Other Events.
The information set forth in Item 2.02 of this Current Report on Form 8-K is incorporated by reference into this Item 8.01.
Item 9.01Financial Statements and Exhibits.
(d)Exhibits
Number | Description of Exhibit | |
99.1 | ||
99.2 | ||
104 | Cover Page Interactive Data File (the cover page XBRL tags are imbedded in the Inline XBRL document) |
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