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: 2014 | |||
Consolidated Statement of Cash Flow | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 17, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Cash flow from operating activities: | |||
| Profit of consolidated and affiliated companies | $ 3,711 | 3,803 | 5,722 |
| Adjustments for non-cash items: | |||
| Depreciation and amortization | 3,163 | 3,087 | 2,813 |
| Net (gain)/loss from sale of businesses and investments | 4 | (68) | (630) |
| Goodwill impairment charge | 0 | 0 | 580 |
| Other | 549 | 550 | 439 |
| Changes in assets and liabilities, net of acquisitions and divestitures: | |||
| Receivables - trade and other | 163 | 835 | (15) |
| Inventories | 101 | 2,658 | (1,149) |
| Accounts payable | 222 | 134 | (1,868) |
| Accrued expenses | (10) | (108) | 126 |
| Accrued wages, salaries and employee benefits | 901 | (279) | (490) |
| Customer advances | (593) | (301) | 83 |
| Other assets - net | (300) | (49) | 252 |
| Other liabilities - net | 146 | (71) | (679) |
| Net cash provided by (used for) operating activities | 8,057 | 10,191 | 5,184 |
| Cash flow from investing activities: | |||
| Capital expenditures - excluding equipment leased to others | (1,539) | (2,522) | (3,350) |
| Expenditures for equipment leased to others | (1,840) | (1,924) | (1,726) |
| Proceeds from disposals of leased assets and property, plant and equipment | 904 | 844 | 1,117 |
| Additions to finance receivables | (11,278) | (11,422) | (12,010) |
| Collections of finance receivables | 9,841 | 9,567 | 8,995 |
| Proceeds from sale of finance receivables | 177 | 220 | 132 |
| Investments and acquisitions (net of cash acquired) | (30) | (195) | (618) |
| Proceeds from sale of businesses and investments (net of cash sold) | 199 | 365 | 1,199 |
| Proceeds from sale of securities | 810 | 449 | 306 |
| Investments in securities | (825) | (402) | (402) |
| Other - net | (46) | (26) | 167 |
| Net cash provided by (used for) investing activities | (3,627) | (5,046) | (6,190) |
| Cash flow from financing activities: | |||
| Dividends paid | (1,620) | (1,111) | (1,617) |
| Distribution to noncontrolling interests | (7) | (13) | (6) |
| Contribution from noncontrolling interests | 4 | 0 | 0 |
| Common stock issued, including treasury shares reissued | 239 | 128 | 52 |
| Treasury shares purchased | (4,238) | (2,000) | 0 |
| Excess tax benefit from stock-based compensation | 182 | 96 | 192 |
| Acquisitions of redeemable noncontrolling interests | 0 | 0 | (444) |
| Acquisitions of noncontrolling interests | 0 | 0 | (5) |
| Proceeds from debt issued (original maturities greater than three months): | |||
| Machinery, Energy & Transportation | 1,994 | 195 | 2,209 |
| Financial Products | 8,655 | 9,133 | 13,806 |
| Payments on debt (original maturities greater than three months): | |||
| Machinery, Energy & Transportation | (785) | (1,769) | (1,107) |
| Financial Products | (8,463) | (9,101) | (9,940) |
| Short-term borrowings - net (original maturities three months or less) | 1,043 | (69) | 466 |
| Net cash provided by (used for) financing activities | (2,996) | (4,511) | 3,606 |
| Effect of exchange rate changes on cash | (174) | (43) | (167) |
| Increase (decrease) in cash and short-term investments | 1,260 | 591 | 2,433 |
| Cash and short-term investments at beginning of period | 6,081 | 5,490 | |
| Cash and short-term investments at end of period | 7,341 | 6,081 | 5,490 |
| 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: 2014 | |||
Consolidated Statements of Profit | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 17, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Revenues: | |||
| Retail finance | $ 1,366 | 1,387 | 1,342 |
| Operating lease | 1,057 | 948 | 860 |
| Wholesale finance | 311 | 306 | 335 |
| Other, net | 151 | 144 | 156 |
| Total revenues | 2,885 | 2,785 | 2,693 |
| Expenses: | |||
| Interest | 631 | 734 | 801 |
| Depreciation on equipment leased to others | 870 | 770 | 688 |
| General, operating and administrative | 433 | 427 | 416 |
| Provision for credit losses | 139 | 101 | 163 |
| Other | 37 | 24 | 29 |
| Total expenses | 2,110 | 2,056 | 2,097 |
| Other income (expense) | (22) | (35) | (12) |
| Profit before income taxes | 753 | 694 | 584 |
| Provision for income taxes | 209 | 167 | 145 |
| Profit of consolidated companies | 544 | 527 | 439 |
| Less: Profit attributable to noncontrolling interests | 9 | 14 | 11 |
| Profit | 535 | 513 | 428 [1] |
| [1] Profit attributable to Caterpillar Financial Services Corporation. | |||
| External Links | |
| CATERPILLAR FINANCIAL SERVICES CORP (CAT) Fiscal Year 2014 | |
| 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 |