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: 2018 | |||
Consolidated Statement of Cash Flow | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 14, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Cash flow from operating activities: | |||
| Profit (loss) of consolidated and affiliated companies | $ 6,148 | 759 | (59) |
| Adjustments for non-cash items: | |||
| Depreciation and amortization | 2,766 | 2,877 | 3,034 |
| Actuarial (gain) loss on pension and postretirement benefits | 495 | 301 | 985 |
| Provision (benefit) for deferred income taxes | 220 | 1,213 | (431) |
| Goodwill impairment charge | 0 | 0 | 595 |
| Other | 1,006 | 750 | 859 |
| Changes in assets and liabilities, net of acquisitions and divestitures: | |||
| Receivables - trade and other | (1,619) | (1,151) | 829 |
| Inventories | (1,579) | (1,295) | 1,109 |
| Accounts payable | 709 | 1,478 | (200) |
| Accrued expenses | 101 | 175 | (201) |
| Accrued wages, salaries and employee benefits | (162) | 1,187 | (708) |
| Customer advances | (183) | (8) | (41) |
| Other assets - net | 41 | (192) | 224 |
| Other liabilities - net | (1,385) | (388) | (356) |
| Net cash provided by (used for) operating activities | 6,558 | 5,706 | 5,639 |
| Cash flow from investing activities: | |||
| Capital expenditures - excluding equipment leased to others | (1,276) | (898) | (1,109) |
| Expenditures for equipment leased to others | (1,640) | (1,438) | (1,819) |
| Proceeds from disposals of leased assets and property, plant and equipment | 936 | 1,164 | 899 |
| Additions to finance receivables | (12,183) | (11,953) | (9,339) |
| Collections of finance receivables | 10,901 | 12,018 | 9,369 |
| Proceeds from sale of finance receivables | 477 | 127 | 127 |
| Investments and acquisitions (net of cash acquired) | (392) | (59) | (191) |
| Proceeds from sale of businesses and investments (net of cash sold) | 16 | 100 | 0 |
| Proceeds from sale of securities | 442 | 932 | 694 |
| Investments in securities | (506) | (1,048) | (391) |
| Other - net | 13 | 89 | (20) |
| Net cash provided by (used for) investing activities | (3,212) | (966) | (1,780) |
| Cash flow from financing activities: | |||
| Dividends paid | (1,951) | (1,831) | (1,799) |
| Common stock issued, including treasury shares reissued | 313 | 566 | (23) |
| Common shares repurchased | (3,798) | 0 | 0 |
| Proceeds from debt issued (original maturities greater than three months): | |||
| Machinery, Energy & Transportation | 57 | 361 | 6 |
| Financial Products | 8,850 | 8,702 | 5,109 |
| Payments on debt (original maturities greater than three months): | |||
| Machinery, Energy & Transportation | (7) | (1,465) | (533) |
| Financial Products | (7,822) | (6,923) | (6,035) |
| Short-term borrowings - net (original maturities three months or less) | 762 | (3,058) | 140 |
| Other - net | (54) | (9) | (8) |
| Net cash provided by (used for) financing activities | (3,650) | (3,657) | (3,143) |
| Effect of exchange rate changes on cash | (126) | 38 | (28) |
| Increase (decrease) in cash and short-term investments and restricted cash | (430) | 1,121 | 688 |
| Cash and short- term investments and restricted cash at beginning of period | 8,320 | 7,199 | |
| Cash and short- term investments and restricted cash at end of period | 7,890 | 8,320 | 7,199 |
| Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract] | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CATERPILLAR FINANCIAL SERVICES CORP | |||
Ticker: CAT Fiscal Year: 2018 | |||
Consolidated Statements of Profit | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 14, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Revenues: | |||
| Retail finance | $ 1,308 | 1,235 | 1,220 |
| Operating lease | 1,011 | 985 | 1,015 |
| Wholesale finance | 415 | 307 | 264 |
| Other, net | 113 | 162 | 96 |
| Total revenues | 2,847 | 2,689 | 2,595 |
| Expenses: | |||
| Interest | 757 | 667 | 611 |
| Depreciation on equipment leased to others | 819 | 810 | 841 |
| General, operating and administrative | 423 | 429 | 391 |
| Provision for credit losses | 354 | 132 | 135 |
| Other | 38 | 46 | 41 |
| Total expenses | 2,391 | 2,084 | 2,019 |
| Other income (expense) | (23) | (15) | (15) |
| Profit before income taxes | 433 | 590 | 561 |
| Provision (benefit) for income taxes | 108 | (4) | 171 |
| Profit of consolidated companies | 325 | 594 | 390 |
| Less: Profit attributable to noncontrolling interests | 20 | 8 | 6 |
| Profit | 305 [1] | 586 | 384 |
| [1] Profit attributable to Caterpillar Financial Services Corporation. | |||
| External Links | |
| CATERPILLAR FINANCIAL SERVICES CORP (CAT) Fiscal Year 2018 | |
| 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 |