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: 2019 | |||
Consolidated Statement of Cash Flow | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 19, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Cash flow from operating activities: | |||
| Profit (loss) of consolidated and affiliated companies | $ 6,094 | 6,148 | 759 |
| Adjustments for non-cash items: | |||
| Depreciation and amortization | 2,577 | 2,766 | 2,877 |
| Actuarial (gain) loss on pension and postretirement benefits | 468 | 495 | 301 |
| Provision (benefit) for deferred income taxes | 28 | 220 | 1,213 |
| Other | 675 | 1,006 | 750 |
| Changes in assets and liabilities, net of acquisitions and divestitures: | |||
| Receivables - trade and other | 171 | (1,619) | (1,151) |
| Inventories | 274 | (1,579) | (1,295) |
| Accounts payable | (1,025) | 709 | 1,478 |
| Accrued expenses | 172 | 101 | 175 |
| Accrued wages, salaries and employee benefits | (757) | (162) | 1,187 |
| Customer advances | (10) | (183) | (8) |
| Other assets - net | (93) | 41 | (192) |
| Other liabilities - net | (1,662) | (1,385) | (388) |
| Net Cash Provided by (Used in) Operating Activities | 6,912 | 6,558 | 5,706 |
| Cash flow from investing activities: | |||
| Capital expenditures - excluding equipment leased to others | (1,056) | (1,276) | (898) |
| Expenditures for equipment leased to others | (1,613) | (1,640) | (1,438) |
| Proceeds from disposals of leased assets and property, plant and equipment | 1,153 | 936 | 1,164 |
| Additions to finance receivables | (12,777) | (12,183) | (11,953) |
| Collections of finance receivables | 12,183 | 10,901 | 12,018 |
| Proceeds from sale of finance receivables | 235 | 477 | 127 |
| Investments and acquisitions (net of cash acquired) | (47) | (392) | (59) |
| Proceeds from sale of businesses and investments (net of cash sold) | 41 | 16 | 100 |
| Proceeds from sale of securities | 529 | 442 | 932 |
| Investments in securities | (552) | (506) | (1,048) |
| Other - net | (24) | 13 | 89 |
| Net Cash Provided by (Used in) Investing Activities | (1,928) | (3,212) | (966) |
| Cash flow from financing activities: | |||
| Dividends paid | (2,132) | (1,951) | (1,831) |
| Common stock issued, including treasury shares reissued | 238 | 313 | 566 |
| Common shares repurchased | (4,047) | (3,798) | 0 |
| Proceeds from debt issued (original maturities greater than three months): | |||
| Machinery, Energy & Transportation | 1,479 | 57 | 361 |
| Financial Products | 8,362 | 8,850 | 8,702 |
| Payments on debt (original maturities greater than three months): | |||
| Machinery, Energy & Transportation | (12) | (7) | (1,465) |
| Financial Products | (8,285) | (7,822) | (6,923) |
| Short-term borrowings - net (original maturities three months or less) | (138) | 762 | (3,058) |
| Other - net | (3) | (54) | (9) |
| Net Cash Provided by (Used in) Financing Activities | (4,538) | (3,650) | (3,657) |
| Effect of exchange rate changes on cash | (44) | (126) | 38 |
| Increase (decrease) in cash and short-term investments and restricted cash | 402 | (430) | 1,121 |
| Cash and short- term investments and restricted cash at beginning of period | 7,890 | 8,320 | |
| Cash and short- term investments and restricted cash at end of period | 8,292 | 7,890 | 8,320 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CATERPILLAR FINANCIAL SERVICES CORP | |||
Ticker: CAT Fiscal Year: 2019 | |||
Consolidated Statements of Profit | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 19, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Revenues: | |||
| Retail finance | $ 1,369 | 1,308 | 1,235 |
| Operating lease | 1,037 | 1,011 | 985 |
| Wholesale finance | 491 | 415 | 307 |
| Other, net | 69 | 113 | 162 |
| Total revenues | 2,966 | 2,847 | 2,689 |
| Expenses: | |||
| Interest | 787 | 757 | 667 |
| Depreciation on equipment leased to others | 813 | 819 | 810 |
| General, operating and administrative | 516 | 423 | 429 |
| Provision for credit losses | 162 | 354 | 132 |
| Other | 36 | 38 | 46 |
| Total expenses | 2,314 | 2,391 | 2,084 |
| Other income (expense) | (24) | (23) | (15) |
| Profit before income taxes | 628 | 433 | 590 |
| Provision (benefit) for income taxes | 196 | 108 | (4) |
| Profit of consolidated companies | 432 | 325 | 594 |
| Less: Profit attributable to noncontrolling interests | 22 | 20 | 8 |
| Profit | 410 | 305 [1] | 586 |
| [1] Profit attributable to Caterpillar Financial Services Corporation. | |||
| External Links | |
| CATERPILLAR FINANCIAL SERVICES CORP (CAT) Fiscal Year 2019 | |
| 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 |