10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CATERPILLAR FINANCIAL SERVICES CORP | |||
Ticker: CAT Fiscal Year: 2012 | |||
Consolidated Statement of Cash Flow | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 19, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Cash flow from operating activities: | |||
| Profit of consolidated and affiliated companies | $ 5,722 | 4,981 | 2,758 |
| Adjustments for non-cash items: | |||
| Depreciation and amortization | 2,813 | 2,527 | 2,296 |
| Net gain from sale of businesses and investments | (630) | (128) | 0 |
| Goodwill impairment charge | 580 | 0 | 0 |
| Other | 439 | 585 | 469 |
| Changes in assets and liabilities, net of acquisitions and divestitures: | |||
| Receivables - trade and other | (173) | (1,345) | (2,320) |
| Inventories | (1,149) | (2,927) | (2,667) |
| Accounts payable | (1,868) | 1,555 | 2,570 |
| Accrued expenses | 183 | 308 | 117 |
| Accrued wages, salaries and employee benefits | (490) | 619 | 847 |
| Customer advances | 241 | 173 | 604 |
| Other assets - net | 252 | (91) | 358 |
| Other liabilities - net | (679) | 753 | (23) |
| Net cash provided by (used for) operating activities | 5,241 | 7,010 | 5,009 |
| Cash flow from investing activities: | |||
| Capital expenditures - excluding equipment leased to others | (3,350) | (2,515) | (1,575) |
| Expenditures for equipment leased to others | (1,726) | (1,409) | (1,011) |
| Proceeds from disposals of leased assets and property, plant and equipment | 1,117 | 1,354 | 1,469 |
| Additions to finance receivables | (12,010) | (10,001) | (8,498) |
| Collections of finance receivables | 8,995 | 8,874 | 8,987 |
| Proceeds from sale of finance receivables | 132 | 207 | 16 |
| Investments and acquisitions (net of cash acquired) | (618) | (8,184) | (1,126) |
| Proceeds from sale of businesses and investments (net of cash sold) | 1,199 | 376 | 0 |
| Proceeds from sale of available-for-sale securities | 306 | 247 | 228 |
| Investments in available-for-sale securities | (402) | (336) | (217) |
| Other - net | 167 | (40) | 132 |
| Net cash provided by (used for) investing activities | (6,190) | (11,427) | (1,595) |
| Cash flow from financing activities: | |||
| Dividends paid | (1,617) | (1,159) | (1,084) |
| Distribution to noncontrolling interests | (6) | (3) | 0 |
| Common stock issued, including treasury shares reissued | 52 | 123 | 296 |
| Excess tax benefit from stock-based compensation | 192 | 189 | 153 |
| Acquisitions of redeemable noncontrolling interests | (444) | 0 | 0 |
| Acquisitions of noncontrolling interests | (5) | (8) | (132) |
| Proceeds from debt issued (original maturities greater than three months): | |||
| Machinery and Power Systems | 2,209 | 4,587 | 216 |
| Financial Products | 13,806 | 10,873 | 8,108 |
| Payments on debt (original maturities greater than three months): | |||
| Machinery and Power Systems | (1,107) | (2,269) | (1,298) |
| Financial Products | (9,992) | (8,324) | (11,163) |
| Short-term borrowings - net (original maturities three months or less) | 461 | (43) | 291 |
| Net cash provided by (used for) financing activities | 3,549 | 3,966 | (4,613) |
| Effect of exchange rate changes on cash | (167) | (84) | (76) |
| Increase (decrease) in cash and short-term investments | 2,433 | (535) | (1,275) |
| Cash and short-term investments at beginning of period | 3,057 | 3,592 | |
| Cash and short-term investments at end of period | 5,490 | 3,057 | 3,592 |
| Non-cash activities: | |||
| Common shares issued from treasury stock for benefit plans (in shares) | 0 | 0 | 1,487,481 |
| Common shares issued from treasury stock for benefit plans | 94 | ||
| Debt exchange original debentures amount | 1,325 | ||
| Debt exchange new debentures amount | 1,722 | ||
| Debt exchange new debentures interest rate (as a percent) | 3.80% | ||
| Debt exchange new debentures due date (year) | 2042 | ||
| Debt exchange cash paid | 179 | ||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CATERPILLAR FINANCIAL SERVICES CORP | |||
Ticker: CAT Fiscal Year: 2012 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 19, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Cash flows from operating activities: | |||
| Profit of consolidated companies | $ 443 | 393 | 289 |
| Adjustments for non-cash items: | |||
| Depreciation and amortization | 707 | 710 | 715 |
| Amortization of receivables purchase discount | (241) | (212) | (139) |
| Provision for credit losses | 161 | 176 | 213 |
| Gain on sales of receivables | (3) | (4) | 0 |
| Other, net | (4) | (66) | (189) |
| Changes in assets and liabilities: | |||
| Receivables from others | (22) | 16 | 44 |
| Other receivables/payables with Caterpillar | 15 | (8) | 20 |
| Payable to dealers and others | (34) | 2 | (16) |
| Accrued interest payable | 44 | 36 | 24 |
| Accrued expenses and other liabilities, net | (15) | (49) | 4 |
| Income taxes payable | 48 | 34 | (80) |
| Payments on interest rate swaps | (4) | (2) | (1) |
| Net cash provided by operating activities | 1,095 | 1,026 | 884 |
| Cash flows from investing activities: | |||
| Capital expenditures for equipment on operating leases and other capital expenditures | (1,660) | (1,190) | (959) |
| Proceeds from disposals of equipment | 875 | 1,161 | 1,383 |
| Additions to finance receivables | (18,754) | (17,058) | (11,807) |
| Collections of finance receivables | 14,789 | 15,259 | 11,999 |
| Net changes in Caterpillar purchased receivables | 250 | (1,164) | (590) |
| Proceeds from sales of receivables | 144 | 207 | 16 |
| Net change in variable lending to Caterpillar | (32) | 55 | (43) |
| Additions to other notes receivable with Caterpillar | (107) | (184) | (136) |
| Collections on other notes receivable with Caterpillar | 103 | 77 | 1,005 |
| Restricted cash and cash equivalents activity, net | 45 | 27 | 74 |
| Other, net | (4) | 6 | 29 |
| Net cash (used in) provided by investing activities | (4,351) | (2,804) | 971 |
| Cash flows from financing activities: | |||
| Net change in variable lending from Caterpillar | 203 | 0 | (26) |
| Proceeds from borrowings with Caterpillar | 0 | 0 | 600 |
| Payments on borrowings with Caterpillar | 0 | (600) | 0 |
| Proceeds from debt issued (original maturities greater than three months) | 13,806 | 10,873 | 8,108 |
| Payments on debt issued (original maturities greater than three months) | (9,987) | (8,324) | (11,104) |
| Short-term borrowings, net (original maturities three months or less) | 475 | (103) | 369 |
| Dividend paid to Caterpillar | (250) | (600) | (600) |
| Acquisition of noncontrolling interest | 0 | (7) | 0 |
| Net cash provided by (used in) financing activities | 4,247 | 1,239 | (2,653) |
| Effect of exchange rate changes on cash and cash equivalents | (87) | 39 | (62) |
| Increase/(decrease) in cash and cash equivalents | 904 | (500) | (860) |
| Cash and cash equivalents at beginning of period | 1,176 | 1,676 | |
| Cash and cash equivalents at end of period | 2,080 | 1,176 | 1,676 |
| Cash paid for interest | 797 | 823 | 917 |
| Cash paid for taxes | 101 | 96 | 72 |
| Non-cash activity | Non-cash activity: On January 1, 2010, we adoptedthe 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. | ||
| Cash and cash equivalents policy | All short-term investments, which consist primarily of highly liquid investments with original maturities of three months or less, are considered to be cash equivalents. | ||
| External Links | |
| CATERPILLAR FINANCIAL SERVICES CORP (CAT) Fiscal Year 2012 | |
| 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 |