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: 2021 | |||
Consolidated Statement of Cash Flow | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 16, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Cash flow from operating activities: | |||
| Profit (loss) of consolidated and affiliated companies | $ 6,493 | 3,003 | 6,094 |
| Adjustments for non-cash items: | |||
| Depreciation and amortization | 2,352 | 2,432 | 2,577 |
| Actuarial (gain) loss on pension and postretirement benefits | (833) | 383 | 468 |
| Provision (benefit) for deferred income taxes | (383) | (74) | 28 |
| Other | 216 | 1,000 | 675 |
| Changes in assets and liabilities, net of acquisitions and divestitures: | |||
| Receivables - trade and other | (1,259) | 1,442 | 171 |
| Inventories | (2,586) | (34) | 274 |
| Accounts payable | 2,041 | 98 | (1,025) |
| Accrued expenses | 196 | (366) | 172 |
| Accrued wages, salaries and employee benefits | 1,107 | (544) | (757) |
| Customer advances | 34 | (126) | (10) |
| Other assets - net | (97) | (201) | (93) |
| Other liabilities - net | (83) | (686) | (1,662) |
| Net Cash Provided by (Used in) Operating Activities | 7,198 | 6,327 | 6,912 |
| Cash flow from investing activities: | |||
| Capital expenditures - excluding equipment leased to others | (1,093) | (978) | (1,056) |
| Expenditures for equipment leased to others | (1,379) | (1,137) | (1,613) |
| Proceeds from disposals of leased assets and property, plant and equipment | 1,265 | 772 | 1,153 |
| Additions to finance receivables | (13,002) | (12,385) | (12,777) |
| Collections of finance receivables | 12,430 | 12,646 | 12,183 |
| Proceeds from sale of finance receivables | 51 | 42 | 235 |
| Investments and acquisitions (net of cash acquired) | (490) | (111) | (47) |
| Proceeds from sale of businesses and investments (net of cash sold) | 36 | 25 | 41 |
| Proceeds from sale of securities | 785 | 345 | 529 |
| Investments in securities | (1,766) | (638) | (552) |
| Other - net | 79 | (66) | (24) |
| Net Cash Provided by (Used in) Investing Activities | (3,084) | (1,485) | (1,928) |
| Cash flow from financing activities: | |||
| Dividends paid | (2,332) | (2,243) | (2,132) |
| Common stock issued, including treasury shares reissued | 135 | 229 | 238 |
| Common shares repurchased | (2,668) | (1,130) | (4,047) |
| Short-term borrowings - net (original maturities three months or less) | 3,488 | (2,804) | (138) |
| Other - net | (4) | (1) | (3) |
| Net Cash Provided by (Used in) Financing Activities | (4,188) | (3,755) | (4,538) |
| Effect of exchange rate changes on cash | (29) | (13) | (44) |
| Increase (decrease) in cash, cash equivalents and restricted cash | (103) | 1,074 | 402 |
| Cash, cash equivalents and restricted cash at beginning of period | 9,366 | 8,292 | |
| Cash, cash equivalents and restricted cash at end of period | 9,263 | 9,366 | 8,292 |
| Product and Service | |||
| Machinery, Energy & Transportation | |||
| Proceeds from Debt, Maturing in More than Three Months | 494 | 1,991 | 1,479 |
| Repayments of Debt, Maturing in More than Three Months | (1,919) | (26) | (12) |
| Financial Products | |||
| Proceeds from Debt, Maturing in More than Three Months | 6,495 | 8,440 | 8,362 |
| Repayments of Debt, Maturing in More than Three Months | (7,877) | (8,211) | (8,285) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CATERPILLAR FINANCIAL SERVICES CORP | |||
Ticker: CAT Fiscal Year: 2021 | |||
Consolidated Statements of Profit | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 16, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Revenues: | |||
| Retail finance | $ 1,197 | 1,249 | 1,369 |
| Operating lease | 942 | 965 | 1,037 |
| Wholesale finance | 314 | 336 | 491 |
| Other, net | 109 | 0 | 69 |
| Total revenues | 2,562 | 2,550 | 2,966 |
| Expenses: | |||
| Interest | 455 | 591 | 787 |
| Depreciation on equipment leased to others | 755 | 758 | 813 |
| General, operating and administrative | 528 | 433 | 516 |
| Provision for credit losses | 70 | 266 | 162 |
| Other | 36 | 43 | 36 |
| Total expenses | 1,844 | 2,091 | 2,314 |
| Other income (expense) | (23) | (25) | (24) |
| Profit before income taxes | 695 | 434 | 628 |
| Provision for income taxes | 178 | 126 | 196 |
| Profit of consolidated companies | 517 | 308 | 432 |
| Less: Profit attributable to noncontrolling interests | 12 | 15 | 22 |
| Profit | 505 | 293 | 410 [1] |
| [1] Profit attributable to Caterpillar Financial Services Corporation. | |||
| External Links | |
| CATERPILLAR FINANCIAL SERVICES CORP (CAT) Fiscal Year 2021 | |
| 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 |