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: 2013 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2013 10-K/A (Amendment Filed: Nov 14, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Cash flows from operating activities: | |||
| Profit of consolidated companies | $ 527 | 439 | 389 |
| Adjustments for non-cash items: | |||
| Depreciation and amortization | 790 | 707 | 710 |
| Amortization of receivables purchase discount | (233) | (241) | (212) |
| Provision for credit losses | 101 | 163 | 177 |
| Gain on sales of receivables | (4) | (3) | (4) |
| Other, net | 77 | 1 | (61) |
| Changes in assets and liabilities: | |||
| Receivables from others | 25 | (22) | 16 |
| Other receivables/payables with Caterpillar | 1 | 11 | (13) |
| Payable to dealers and others | (95) | (34) | 2 |
| Accrued interest payable | (22) | (13) | (17) |
| Accrued expenses and other liabilities, net | (4) | (18) | (51) |
| Income taxes payable | (65) | 48 | 34 |
| Payments on interest rate swaps | (2) | (4) | (2) |
| Net cash provided by operating activities | 1,096 | 1,034 | 968 |
| Cash flows from investing activities: | |||
| Capital expenditures for equipment on operating leases and other capital expenditures | (1,822) | (1,660) | (1,190) |
| Proceeds from disposals of equipment | 681 | 875 | 1,161 |
| Additions to finance receivables | (14,075) | (18,750) | (17,053) |
| Collections of finance receivables | 12,256 | 14,789 | 15,259 |
| Net changes in Caterpillar purchased receivables | 181 | 250 | (1,164) |
| Proceeds from sales of receivables | 227 | 144 | 207 |
| Net change in variable lending to Caterpillar | 32 | (32) | 55 |
| Additions to other notes receivable with Caterpillar | (45) | (107) | (184) |
| Collections on other notes receivable with Caterpillar | 29 | 103 | 77 |
| Restricted cash and cash equivalents activity, net | 2 | 45 | 27 |
| Other, net | 3 | (4) | 6 |
| Net cash (used in) provided by investing activities | (2,531) | (4,347) | (2,799) |
| Cash flows from financing activities: | |||
| Net change in variable lending from Caterpillar | (65) | 203 | 0 |
| Proceeds from borrowings with Caterpillar | 1,000 | 0 | 0 |
| Payments on borrowings with Caterpillar | 0 | 0 | (600) |
| Proceeds from debt issued (original maturities greater than three months) | 9,133 | 13,806 | 10,873 |
| Payments on debt issued (original maturities greater than three months) | (9,101) | (9,935) | (8,277) |
| Short-term borrowings, net (original maturities three months or less) | (70) | 480 | (97) |
| Dividend paid to Caterpillar | (200) | (250) | (600) |
| Acquisition of noncontrolling interest | 0 | 0 | (7) |
| Net cash provided by (used in) financing activities | 697 | 4,304 | 1,292 |
| Effect of exchange rate changes on cash and cash equivalents | (22) | (87) | 39 |
| Increase/(decrease) in cash and cash equivalents | (760) | 904 | (500) |
| Cash and cash equivalents at beginning of period | 2,080 | 1,176 | |
| Cash and cash equivalents at end of period | 1,320 | 2,080 | 1,176 |
| Cash paid for interest | 713 | 797 | 823 |
| Cash paid for taxes | 192 | 101 | 96 |
| 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. | ||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CATERPILLAR FINANCIAL SERVICES CORP | |||
Ticker: CAT Fiscal Year: 2013 | |||
Consolidated Statement of Cash Flow | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 18, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Cash flow from operating activities: | |||
| Profit of consolidated and affiliated companies | $ 3,803 | 5,722 | 4,981 |
| Adjustments for non-cash items: | |||
| Depreciation and amortization | 3,087 | 2,813 | 2,527 |
| Net gain from sale of businesses and investments | (68) | (630) | (128) |
| Goodwill impairment charge | 0 | 580 | 0 |
| Other | 550 | 439 | 585 |
| Changes in assets and liabilities, net of acquisitions and divestitures: | |||
| Receivables - trade and other | 835 | (15) | (1,409) |
| Inventories | 2,658 | (1,149) | (2,927) |
| Accounts payable | 134 | (1,868) | 1,555 |
| Accrued expenses | (108) | 126 | 255 |
| Accrued wages, salaries and employee benefits | (279) | (490) | 619 |
| Customer advances | (301) | 83 | 237 |
| Other assets - net | (49) | 252 | (91) |
| Other liabilities - net | (71) | (679) | 753 |
| Net cash provided by (used for) operating activities | 10,191 | 5,184 | 6,957 |
| Cash flow from investing activities: | |||
| Capital expenditures - excluding equipment leased to others | (2,522) | (3,350) | (2,515) |
| Expenditures for equipment leased to others | (1,924) | (1,726) | (1,409) |
| Proceeds from disposals of leased assets and property, plant and equipment | 844 | 1,117 | 1,354 |
| Additions to finance receivables | (11,422) | (12,010) | (10,001) |
| Collections of finance receivables | 9,567 | 8,995 | 8,874 |
| Proceeds from sale of finance receivables | 220 | 132 | 207 |
| Investments and acquisitions (net of cash acquired) | (195) | (618) | (8,184) |
| Proceeds from sale of businesses and investments (net of cash sold) | 365 | 1,199 | 376 |
| Proceeds from sale of available-for-sale securities | 449 | 306 | 247 |
| Investments in available-for-sale securities | (402) | (402) | (336) |
| Other - net | (26) | 167 | (40) |
| Net cash provided by (used for) investing activities | (5,046) | (6,190) | (11,427) |
| Cash flow from financing activities: | |||
| Dividends paid | (1,111) | (1,617) | (1,159) |
| Distribution to noncontrolling interests | (13) | (6) | (3) |
| Common stock issued, including treasury shares reissued | 128 | 52 | 123 |
| Treasury shares purchased | (2,000) | 0 | 0 |
| Excess tax benefit from stock-based compensation | 96 | 192 | 189 |
| Acquisitions of redeemable noncontrolling interests | 0 | (444) | 0 |
| Acquisitions of noncontrolling interests | 0 | (5) | (8) |
| Proceeds from debt issued (original maturities greater than three months): | |||
| Machinery and Power Systems | 195 | 2,209 | 4,587 |
| Financial Products | 9,133 | 13,806 | 10,873 |
| Payments on debt (original maturities greater than three months): | |||
| Machinery and Power Systems | (1,769) | (1,107) | (2,269) |
| Financial Products | (9,101) | (9,940) | (8,277) |
| Short-term borrowings - net (original maturities three months or less) | (69) | 466 | (37) |
| Net cash provided by (used for) financing activities | (4,511) | 3,606 | 4,019 |
| Effect of exchange rate changes on cash | (43) | (167) | (84) |
| Increase (decrease) in cash and short-term investments | 591 | 2,433 | (535) |
| Cash and short-term investments at beginning of period | 5,490 | 3,057 | |
| Cash and short-term investments at end of period | 6,081 | 5,490 | 3,057 |
| Non-cash activities: | |||
| 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: 2013 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2013 10-K (Superseded Filed: Feb 18, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Cash flows from operating activities: | |||
| Profit of consolidated companies | $ 544 | 443 | 393 |
| Adjustments for non-cash items: | |||
| Depreciation and amortization | 788 | 707 | 710 |
| Amortization of receivables purchase discount | (233) | (241) | (212) |
| Provision for credit losses | 94 | 161 | 176 |
| Gain on sales of receivables | (4) | (3) | (4) |
| Other, net | 60 | (4) | (66) |
| Changes in assets and liabilities: | |||
| Receivables from others | 26 | (22) | 16 |
| Other receivables/payables with Caterpillar | 5 | 15 | (8) |
| Payable to dealers and others | (95) | (34) | 2 |
| Accrued interest payable | (22) | (13) | (17) |
| Accrued expenses and other liabilities, net | 3 | (15) | (49) |
| Income taxes payable | (65) | 48 | 34 |
| Payments on interest rate swaps | (2) | (4) | (2) |
| Net cash provided by operating activities | 1,099 | 1,038 | 973 |
| Cash flows from investing activities: | |||
| Capital expenditures for equipment on operating leases and other capital expenditures | (1,806) | (1,660) | (1,190) |
| Proceeds from disposals of equipment | 681 | 875 | 1,161 |
| Additions to finance receivables | (14,095) | (18,754) | (17,058) |
| Collections of finance receivables | 12,257 | 14,789 | 15,259 |
| Net changes in Caterpillar purchased receivables | 181 | 250 | (1,164) |
| Proceeds from sales of receivables | 227 | 144 | 207 |
| Net change in variable lending to Caterpillar | 32 | (32) | 55 |
| Additions to other notes receivable with Caterpillar | (45) | (107) | (184) |
| Collections on other notes receivable with Caterpillar | 29 | 103 | 77 |
| Restricted cash and cash equivalents activity, net | 2 | 45 | 27 |
| Other, net | 3 | (4) | 6 |
| Net cash (used in) provided by investing activities | (2,534) | (4,351) | (2,804) |
| Cash flows from financing activities: | |||
| Net change in variable lending from Caterpillar | (65) | 203 | 0 |
| Proceeds from borrowings with Caterpillar | 1,000 | 0 | 0 |
| Payments on borrowings with Caterpillar | 0 | 0 | (600) |
| Proceeds from debt issued (original maturities greater than three months) | 9,133 | 13,806 | 10,873 |
| Payments on debt issued (original maturities greater than three months) | (9,101) | (9,935) | (8,277) |
| Short-term borrowings, net (original maturities three months or less) | (70) | 480 | (97) |
| Dividend paid to Caterpillar | (200) | (250) | (600) |
| Acquisition of noncontrolling interest | 0 | 0 | (7) |
| Net cash provided by (used in) financing activities | 697 | 4,304 | 1,292 |
| Effect of exchange rate changes on cash and cash equivalents | (22) | (87) | 39 |
| Increase/(decrease) in cash and cash equivalents | (760) | 904 | (500) |
| Cash and cash equivalents at beginning of period | 2,080 | 1,176 | |
| Cash and cash equivalents at end of period | 1,320 | 2,080 | 1,176 |
| Cash paid for interest | 713 | 797 | 823 |
| Cash paid for taxes | 192 | 101 | 96 |
| 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 2013 | |
| 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 |