10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CATERPILLAR FINANCIAL SERVICES CORP | |||
Ticker: CAT Fiscal Year: 2011 | |||
Consolidated Statement of Cash Flow | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 21, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Cash flow from operating activities: | |||
| Profit of consolidated and affiliated companies | $ 4,981 | 2,758 | 827 |
| Adjustments for non-cash items: | |||
| Depreciation and amortization | 2,527 | 2,296 | 2,336 |
| Other | 457 | 469 | 137 |
| Changes in assets and liabilities, net of acquisitions and divestitures: | |||
| Receivables - trade and other | (1,345) | (2,320) | 4,014 |
| Inventories | (2,927) | (2,667) | 2,501 |
| Accounts payable | 1,555 | 2,570 | (1,878) |
| Accrued expenses | 308 | 117 | (505) |
| Accrued wages, salaries and employee benefits | 619 | 847 | (534) |
| Customer advances | 173 | 604 | (646) |
| Other assets - net | (91) | 358 | 235 |
| Other liabilities - net | 753 | (23) | 12 |
| Net cash provided by (used for) operating activities | 7,010 | 5,009 | 6,499 |
| Cash flow from investing activities: | |||
| Capital expenditures - excluding equipment leased to others | (2,515) | (1,575) | (1,504) |
| Expenditures for equipment leased to others | (1,409) | (1,011) | (968) |
| Proceeds from disposals of leased assets and property, plant and equipment | 1,354 | 1,469 | 1,242 |
| Additions to finance receivables | (10,001) | (8,498) | (7,107) |
| Collections of finance receivables | 8,874 | 8,987 | 9,288 |
| Proceeds from sale of finance receivables | 207 | 16 | 100 |
| Investments and acquisitions (net of cash acquired) | (8,184) | (1,126) | (19) |
| Proceeds from sale of businesses and investments (net of cash sold) | 376 | ||
| Proceeds from sale of available-for-sale securities | 247 | 228 | 291 |
| Investments in available-for-sale securities | (336) | (217) | (349) |
| Other - net | (40) | 132 | (128) |
| Net cash provided by (used for) investing activities | (11,427) | (1,595) | 846 |
| Cash flow from financing activities: | |||
| Dividends paid | (1,159) | (1,084) | (1,029) |
| Distribution to noncontrolling interests | (3) | (10) | |
| Common stock issued, including treasury shares reissued | 123 | 296 | 89 |
| Excess tax benefit from stock-based compensation | 189 | 153 | 21 |
| Acquisitions of noncontrolling interests | (8) | (132) | (6) |
| Proceeds from debt issued (original maturities greater than three months): | |||
| Machinery and Power Systems | 4,587 | 216 | 458 |
| Financial Products | 10,873 | 8,108 | 11,833 |
| Payments on debt (original maturities greater than three months): | |||
| Machinery and Power Systems | (2,269) | (1,298) | (918) |
| Financial Products | (8,324) | (11,163) | (11,769) |
| Short-term borrowings - net (original maturities three months or less) | (43) | 291 | (3,884) |
| Net cash provided by (used for) financing activities | 3,966 | (4,613) | (5,215) |
| Effect of exchange rate changes on cash | (84) | (76) | 1 |
| Increase (decrease) in cash and short-term investments | (535) | (1,275) | 2,131 |
| Cash and short-term investments at beginning of period | 3,592 | 4,867 | |
| Cash and short-term investments at end of period | 3,057 | 3,592 | 4,867 |
| Non-cash activities: | |||
| Common shares issued from treasury stock for benefit plans (in shares) | 1,487,481 | 19,624,810 | |
| Common shares issued from treasury stock for benefit plans | 94 | 718 | |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CATERPILLAR FINANCIAL SERVICES CORP | |||
Ticker: CAT Fiscal Year: 2011 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 21, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Cash flows from operating activities: | |||
| Profit of Consolidated Companies | $ 393 | 289 | 275 |
| Adjustments for non-cash items: | |||
| Depreciation and amortization | 710 | 715 | 742 |
| Amortization of receivables purchase discount | (212) | (139) | (163) |
| Provision for credit losses | 176 | 213 | 231 |
| Gain on sales of receivables | (4) | 0 | (12) |
| Other, net | (66) | (189) | (156) |
| Changes in assets and liabilities: | |||
| Receivables from others | 16 | 44 | 82 |
| Other receivables/payables with Caterpillar | (8) | 20 | (34) |
| Payable to dealers and others | 2 | (16) | (141) |
| Accrued interest payable | 36 | 24 | 116 |
| Accrued expenses and other liabilities, net | (49) | 4 | (59) |
| Income taxes payable | 34 | (80) | 90 |
| (Payments)/Proceeds on interest rate swaps | (2) | (1) | 189 |
| Net cash provided by operating activities | 1,026 | 884 | 1,160 |
| Cash flows from investing activities: | |||
| Expenditures for equipment on operating leases and for non-leased equipment | (1,190) | (959) | (976) |
| Proceeds from disposals of equipment | 1,161 | 1,383 | 1,092 |
| Additions to finance receivables | (49,126) | (28,320) | (20,387) |
| Collections of finance receivables | 46,163 | 27,922 | 23,934 |
| Proceeds from sales of receivables | 207 | 16 | 987 |
| Net change in variable lending to Caterpillar | 55 | (43) | 37 |
| Additions to other notes receivable with Caterpillar | (184) | (136) | (1,550) |
| Collections on other notes receivable with Caterpillar | 77 | 1,005 | 500 |
| Restricted cash and cash equivalents activity, net | 27 | 74 | 0 |
| Other, net | 6 | 29 | (257) |
| Net cash (used in) provided by investing activities | (2,804) | 971 | 3,380 |
| Cash flows from financing activities: | |||
| Net change in variable lending from Caterpillar | 0 | (26) | (416) |
| Proceeds from borrowings with Caterpillar | 0 | 600 | 0 |
| Payments on borrowings with Caterpillar | (600) | 0 | 0 |
| Proceeds from debt issued (original maturities greater than three months) | 10,873 | 8,108 | 11,833 |
| Payments on debt issued (original maturities greater than three months) | (8,324) | (11,104) | (11,769) |
| Acquisition of noncontrolling interest | (7) | 0 | (6) |
| Short-term borrowings, net (original maturities three months or less) | (103) | 369 | (2,737) |
| Dividend paid to Caterpillar | (600) | (600) | 0 |
| Net cash provided by (used in) financing activities | 1,239 | (2,653) | (3,095) |
| Effect of exchange rate changes on cash and cash equivalents | 39 | (62) | 11 |
| (Decrease)/increase in cash and cash equivalents | (500) | (860) | 1,456 |
| Cash and cash equivalents at beginning of year | 1,676 | 2,536 | |
| Cash and cash equivalents at end of period | 1,176 | 1,676 | 2,536 |
| Cash paid for interest | 823 | 917 | 1,038 |
| Cash paid (received) for taxes | 96 | 72 | (19) |
| Non-cash activity: | |||
| On January 1, 2010, we adopted the provisions of the new consolidation of variable-interest entities accounting guidance, which resulted in the consolidation of qualifying special purpose entities related to our asset-backed securitization program which had previously been recorded off-balance sheet. Please refer to Note 2C. During 2009, an obligation for $232 million related to a financing arrangement, which provided us a return, was fulfilled through the release of a security deposit. | |||
| External Links | |
| CATERPILLAR FINANCIAL SERVICES CORP (CAT) Fiscal Year 2011 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |