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: 2016 | |||
Consolidated Statement of Cash Flow | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 15, 2017) | |||
(In Millions, except shares in actual) | |||
12 Months Ended | 12 Months Ended | 12 Months Ended | |
Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
Cash flow from operating activities: | |||
Profit (loss) of consolidated and affiliated companies | $ (59) | 2,523 | 2,468 |
Adjustments for non-cash items: | |||
Depreciation and amortization | 3,034 | 3,046 | 3,163 |
Actuarial (gain) loss on pension and postretirement benefits | 985 | 179 | 2,624 |
Provision (benefit) for deferred income taxes | (431) | (307) | (954) |
Goodwill impairment charge | 595 | 0 | 0 |
Other | 856 | 453 | 470 |
Changes in assets and liabilities, net of acquisitions and divestitures: | |||
Receivables - trade and other | 829 | 764 | 163 |
Inventories | 1,109 | 2,274 | 101 |
Accounts payable | (200) | (1,165) | 222 |
Accrued expenses | (201) | (199) | (10) |
Accrued wages, salaries and employee benefits | (708) | (389) | 901 |
Customer advances | (37) | (501) | (593) |
Other assets - net | 224 | 143 | (139) |
Other liabilities - net | (388) | (146) | (359) |
Net cash provided by (used for) operating activities | 5,608 | 6,675 | 8,057 |
Cash flow from investing activities: | |||
Capital expenditures - excluding equipment leased to others | (1,109) | (1,388) | (1,539) |
Expenditures for equipment leased to others | (1,819) | (1,873) | (1,840) |
Proceeds from disposals of leased assets and property, plant and equipment | 899 | 760 | 904 |
Additions to finance receivables | (9,339) | (9,929) | (11,278) |
Collections of finance receivables | 9,369 | 9,247 | 9,841 |
Proceeds from sale of finance receivables | 127 | 136 | 177 |
Investments and acquisitions (net of cash acquired) | (191) | (400) | (30) |
Proceeds from sale of businesses and investments (net of cash sold) | 0 | 178 | 199 |
Proceeds from sale of securities | 694 | 351 | 810 |
Investments in securities | (391) | (485) | (825) |
Other - net | 0 | (114) | (46) |
Net cash provided by (used for) investing activities | (1,760) | (3,517) | (3,627) |
Cash flow from financing activities: | |||
Dividends paid | (1,799) | (1,757) | (1,620) |
Distribution to noncontrolling interests | (8) | (7) | (7) |
Contribution from noncontrolling interests | 0 | 0 | 4 |
Common stock issued, including treasury shares reissued | (23) | 33 | 239 |
Treasury shares purchased | 0 | (2,025) | (4,238) |
Excess tax benefit from stock-based compensation | 28 | 24 | 182 |
Proceeds from debt issued (original maturities greater than three months): | |||
Machinery, Energy & Transportation | 6 | 3 | 1,994 |
Financial Products | 5,109 | 5,129 | 8,655 |
Payments on debt (original maturities greater than three months): | |||
Machinery, Energy & Transportation | (533) | (517) | (785) |
Financial Products | (6,032) | (7,775) | (8,463) |
Short-term borrowings - net (original maturities three months or less) | 140 | 3,022 | 1,043 |
Net cash provided by (used for) financing activities | (3,112) | (3,870) | (2,996) |
Effect of exchange rate changes on cash | (28) | (169) | (174) |
Increase (decrease) in cash and short-term investments | 708 | (881) | 1,260 |
Cash and short-term investments at beginning of period | 6,460 | 7,341 | |
Cash and short-term investments at end of period | 7,168 | 6,460 | 7,341 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CATERPILLAR FINANCIAL SERVICES CORP | |||
Ticker: CAT Fiscal Year: 2016 | |||
Consolidated Statements of Profit | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 15, 2017) | |||
(In Millions, except shares in actual) | |||
12 Months Ended | 12 Months Ended | 12 Months Ended | |
Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
Revenues: | |||
Retail finance | $ 1,220 | 1,243 | 1,366 |
Operating lease | 1,015 | 1,012 | 1,057 |
Wholesale finance | 264 | 285 | 311 |
Other, net | 96 | 133 | 151 |
Total revenues | 2,595 | 2,673 | 2,885 |
Expenses: | |||
Interest | 611 | 593 | 631 |
Depreciation on equipment leased to others | 841 | 836 | 870 |
General, operating and administrative | 391 | 415 | 433 |
Provision for credit losses | 135 | 119 | 139 |
Other | 41 | 64 | 37 |
Total expenses | 2,019 | 2,027 | 2,110 |
Other income (expense) | (15) | (27) | (22) |
Profit before income taxes | 561 | 619 | 753 |
Provision for income taxes | 171 | 158 | 209 |
Profit of consolidated companies | 390 | 461 | 544 |
Less: Profit attributable to noncontrolling interests | 6 | 1 | 9 |
Profit | 384 [1] | 460 | 535 |
[1] Profit attributable to Caterpillar Financial Services Corporation. |
External Links | |
CATERPILLAR FINANCIAL SERVICES CORP (CAT) Fiscal Year 2016 | |
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 |