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: 2022 | |||
Consolidated Statement of Cash Flow | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 15, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Cash flow from operating activities: | |||
| Profit (loss) of consolidated and affiliated companies | $ 6,704 | 6,493 | 3,003 |
| Adjustments for non-cash items: | |||
| Depreciation and amortization | 2,219 | 2,352 | 2,432 |
| Actuarial (gain) loss on pension and postretirement benefits | (606) | (833) | 383 |
| Provision (benefit) for deferred income taxes | (377) | (383) | (74) |
| Goodwill impairment charge | 925 | 0 | 0 |
| Other | 701 | 216 | 1,000 |
| Changes in assets and liabilities, net of acquisitions and divestitures: | |||
| Receivables - trade and other | (220) | (1,259) | 1,442 |
| Inventories | (2,589) | (2,586) | (34) |
| Accounts payable | 798 | 2,041 | 98 |
| Accrued expenses | 317 | 196 | (366) |
| Accrued wages, salaries and employee benefits | 90 | 1,107 | (544) |
| Customer advances | 768 | 34 | (126) |
| Other assets - net | (210) | (97) | (201) |
| Other liabilities - net | (754) | (83) | (686) |
| Net Cash Provided by (Used in) Operating Activities | 7,766 | 7,198 | 6,327 |
| Cash flow from investing activities: | |||
| Capital expenditures - excluding equipment leased to others | (1,296) | (1,093) | (978) |
| Expenditures for equipment leased to others | (1,303) | (1,379) | (1,137) |
| Proceeds from disposals of leased assets and property, plant and equipment | 830 | 1,265 | 772 |
| Additions to finance receivables | (13,239) | (13,002) | (12,385) |
| Collections of finance receivables | 13,177 | 12,430 | 12,646 |
| Proceeds from sale of finance receivables | 57 | 51 | 42 |
| Investments and acquisitions (net of cash acquired) | (88) | (490) | (111) |
| Proceeds from sale of businesses and investments (net of cash sold) | 1 | 36 | 25 |
| Proceeds from sale of securities | 2,383 | 785 | 345 |
| Investments in securities | (3,077) | (1,766) | (638) |
| Other - net | 14 | 79 | (66) |
| Net Cash Provided by (Used in) Investing Activities | (2,541) | (3,084) | (1,485) |
| Cash flow from financing activities: | |||
| Dividends paid | (2,440) | (2,332) | (2,243) |
| Common stock issued, including treasury shares reissued | 51 | 135 | 229 |
| Common shares repurchased | (4,230) | (2,668) | (1,130) |
| Short-term borrowings - net (original maturities three months or less) | 402 | 3,488 | (2,804) |
| Other - net | (10) | (4) | (1) |
| Net Cash Provided by (Used in) Financing Activities | (7,281) | (4,188) | (3,755) |
| Effect of exchange rate changes on cash | (194) | (29) | (13) |
| Increase (decrease) in cash, cash equivalents and restricted cash | (2,250) | (103) | 1,074 |
| Cash, cash equivalents and restricted cash at beginning of period | 9,263 | 9,366 | |
| Cash, cash equivalents and restricted cash at end of period | 7,013 | 9,263 | 9,366 |
| Product and Service | |||
| Machinery, Energy & Transportation | |||
| Proceeds from Debt, Maturing in More than Three Months | 0 | 494 | 1,991 |
| Repayments of Debt, Maturing in More than Three Months | (25) | (1,919) | (26) |
| Financial Products | |||
| Proceeds from Debt, Maturing in More than Three Months | 6,674 | 6,495 | 8,440 |
| Repayments of Debt, Maturing in More than Three Months | (7,703) | (7,877) | (8,211) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CATERPILLAR FINANCIAL SERVICES CORP | |||
Ticker: CAT Fiscal Year: 2022 | |||
Consolidated Statements of Profit | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 15, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Revenues: | |||
| Retail finance | $ 1,229 | 1,197 | 1,249 |
| Operating lease | 888 | 942 | 965 |
| Wholesale finance | 441 | 314 | 336 |
| Other, net | 176 | 109 | 0 |
| Total revenues | 2,734 | 2,562 | 2,550 |
| Expenses: | |||
| Interest | 566 | 455 | 591 |
| Depreciation on equipment leased to others | 718 | 755 | 758 |
| General, operating and administrative | 531 | 528 | 433 |
| Provision for credit losses | 81 | 70 | 266 |
| Other | 24 | 36 | 43 |
| Total expenses | 1,920 | 1,844 | 2,091 |
| Other income (expense) | (83) | (23) | (25) |
| Profit before income taxes | 731 | 695 | 434 |
| Provision for income taxes | 189 | 178 | 126 |
| Profit of consolidated companies | 542 | 517 | 308 |
| Less: Profit attributable to noncontrolling interests | 7 | 12 | 15 |
| Profit attributable to Caterpillar Financial Services Corporation | 535 | 505 | 293 |
| External Links | |
| CATERPILLAR FINANCIAL SERVICES CORP (CAT) Fiscal Year 2022 | |
| 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 |