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: 2020 | |||
Consolidated Statement of Cash Flow | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 17, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Cash flow from operating activities: | |||
| Profit (loss) of consolidated and affiliated companies | $ 3,003 | 6,094 | 6,148 |
| Adjustments for non-cash items: | |||
| Depreciation and amortization | 2,432 | 2,577 | 2,766 |
| Actuarial (gain) loss on pension and postretirement benefits | 383 | 468 | 495 |
| Provision (benefit) for deferred income taxes | (74) | 28 | 220 |
| Other | 1,000 | 675 | 1,006 |
| Changes in assets and liabilities, net of acquisitions and divestitures: | |||
| Receivables - trade and other | 1,442 | 171 | (1,619) |
| Inventories | (34) | 274 | (1,579) |
| Accounts payable | 98 | (1,025) | 709 |
| Accrued expenses | (366) | 172 | 101 |
| Accrued wages, salaries and employee benefits | (544) | (757) | (162) |
| Customer advances | (126) | (10) | (183) |
| Other assets - net | (201) | (93) | 41 |
| Other liabilities - net | (686) | (1,662) | (1,385) |
| Net Cash Provided by (Used in) Operating Activities | 6,327 | 6,912 | 6,558 |
| Cash flow from investing activities: | |||
| Capital expenditures - excluding equipment leased to others | (978) | (1,056) | (1,276) |
| Expenditures for equipment leased to others | (1,137) | (1,613) | (1,640) |
| Proceeds from disposals of leased assets and property, plant and equipment | 772 | 1,153 | 936 |
| Additions to finance receivables | (12,385) | (12,777) | (12,183) |
| Collections of finance receivables | 12,646 | 12,183 | 10,901 |
| Proceeds from sale of finance receivables | 42 | 235 | 477 |
| Investments and acquisitions (net of cash acquired) | (111) | (47) | (392) |
| Proceeds from sale of businesses and investments (net of cash sold) | 25 | 41 | 16 |
| Proceeds from sale of securities | 345 | 529 | 442 |
| Investments in securities | (638) | (552) | (506) |
| Other - net | (66) | (24) | 13 |
| Net Cash Provided by (Used in) Investing Activities | (1,485) | (1,928) | (3,212) |
| Cash flow from financing activities: | |||
| Dividends paid | (2,243) | (2,132) | (1,951) |
| Common stock issued, including treasury shares reissued | 229 | 238 | 313 |
| Common shares repurchased | (1,130) | (4,047) | (3,798) |
| Proceeds from debt issued (original maturities greater than three months): | |||
| Machinery, Energy & Transportation | 1,991 | 1,479 | 57 |
| Financial Products | 8,440 | 8,362 | 8,850 |
| Payments on debt (original maturities greater than three months): | |||
| Machinery, Energy & Transportation | (26) | (12) | (7) |
| Financial Products | (8,211) | (8,285) | (7,822) |
| Short-term borrowings - net (original maturities three months or less) | (2,804) | (138) | 762 |
| Other - net | (1) | (3) | (54) |
| Net Cash Provided by (Used in) Financing Activities | (3,755) | (4,538) | (3,650) |
| Cash and short- term investments and restricted cash at beginning of period | 8,292 | 7,890 | |
| Cash and short- term investments and restricted cash at end of period | 9,366 | 8,292 | 7,890 |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | (13) | (44) | (126) |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total | 1,074 | 402 | (430) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CATERPILLAR FINANCIAL SERVICES CORP | |||
Ticker: CAT Fiscal Year: 2020 | |||
Consolidated Statements of Profit | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 17, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Revenues: | |||
| Retail finance | $ 1,249 | 1,369 | 1,308 |
| Operating lease | 965 | 1,037 | 1,011 |
| Wholesale finance | 336 | 491 | 415 |
| Other, net | 0 | 69 | 113 |
| Total revenues | 2,550 | 2,966 | 2,847 |
| Expenses: | |||
| Interest | 591 | 787 | 757 |
| Depreciation on equipment leased to others | 758 | 813 | 819 |
| General, operating and administrative | 433 | 516 | 423 |
| Provision for credit losses | 266 | 162 | 354 |
| Other | 43 | 36 | 38 |
| Total expenses | 2,091 | 2,314 | 2,391 |
| Other income (expense) | (25) | (24) | (23) |
| Profit before income taxes | 434 | 628 | 433 |
| Provision for income taxes | 126 | 196 | 108 |
| Profit of consolidated companies | 308 | 432 | 325 |
| Less: Profit attributable to noncontrolling interests | 15 | 22 | 20 |
| Profit | 293 | 410 [1] | 305 |
| [1] Profit attributable to Caterpillar Financial Services Corporation. | |||
| External Links | |
| CATERPILLAR FINANCIAL SERVICES CORP (CAT) Fiscal Year 2020 | |
| 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 |