Form 8-K DEERE JOHN CAPITAL CORP For: May 20

May 20, 2022 7:04 AM EDT

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report: May 20, 2022

(Date of earliest event reported)

JOHN DEERE CAPITAL CORPORATION

(Exact name of registrant as specified in its charter)

Delaware

1-6458

36-2386361

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

10587 Double R Boulevard, Suite 100

Reno, Nevada 89521

(Address of principal executive offices and zip code)

(775) 786-5527

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:

Title of each class

Trading symbol

Name of each exchange on which registered

2.00% Senior Notes Due 2031

JDCC 31

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

1

Items 2.02 and 8.01

Results of Operations and Financial Condition and Other Events.

John Deere Capital Corporation’s revenue, net income, and ending portfolio balance for the second quarter and first six months of fiscal 2022 are set forth below:

Second Quarter

Year to Date

$ in millions

2022

2021

% Change

2022

2021

% Change

Revenue

$

651

$

675

-4%

$

1,294

$

1,332

-3%

Net income

$

159

$

177

-10%

$

348

$

344

1%

Ending portfolio balance

$

42,543

$

40,613

5%

Results in the quarter decreased due to a higher provision for credit losses and less-favorable financing spreads, partially offset by income earned on a higher average portfolio. For the year-to-date period, net income rose mainly due to income earned on a higher average portfolio and improvement on operating-lease residual values, partially offset by a higher provision for credit losses and less-favorable financing spreads. The prior year also benefited from a favorable adjustment to the provision for credit losses.

Items 2.02 and 7.01

Results of Operations and Financial Condition and Regulation FD Disclosure (Furnished herewith).

Deere & Company’s press release dated May 20, 2022 concerning Second Quarter of Fiscal 2022 financial results and supplemental financial information (Exhibit 99.1), the schedules of Deere & Company Other Financial Information (Exhibit 99.2), and Second Quarter 2022 Earnings Conference Call Information (Exhibit 99.3) are furnished under Form 8-K Items 2.02 and 7.01 (incorporated by reference from Items 2.02 and 7.01 of Deere & Company’s Current Report on Form 8-K dated May 20, 2022, file number (1-4121)). The information is not filed for purposes of the Securities Exchange Act of 1934 and is not deemed incorporated by reference by any general statements incorporating by reference this report or future filings into any filings under the Securities Act of 1933 or the Securities Exchange Act of 1934, except to the extent John Deere Capital Corporation specifically incorporates the information by reference.

Item 9.01

Financial Statements and Exhibits

(d)

Exhibits

Number

Description of Exhibit

99.1

Press release and supplemental financial information of Deere & Company (incorporated by reference from Exhibit 99.1 to Deere & Company’s Current Report on Form 8-K dated May 20, 2022, file number (1-4121)). (Furnished herewith)

99.2

Other Financial Information of Deere & Company (incorporated by reference from Exhibit 99.2 to Deere & Company’s Current Report on Form 8-K dated May 20, 2022, file number (1-4121)). (Furnished herewith)

99.3

Second Quarter 2022 Earnings Conference Call Information of Deere & Company (incorporated by reference from Exhibit 99.3 to Deere & Company’s Current Report on Form 8-K dated May 20, 2022, file number (1-4121)). (Furnished herewith)

104

Cover Page Interactive Data File (the cover page XBRL tags are imbedded in the Inline XBRL document)

2

Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

JOHN DEERE CAPITAL CORPORATION

  By:

/s/ Edward R. Berk

Edward R. Berk

Secretary

Dated:  May 20, 2022

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