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: 2017 | |||
Consolidated Results of Operations | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 15, 2018) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Sales and revenues: | |||
| Sales of Machinery, Energy & Transportation | $ 42,676 | 35,773 | 44,147 |
| Revenues of Financial Products | 2,786 | 2,764 | 2,864 |
| Total sales and revenues | 45,462 | 38,537 | 47,011 |
| Operating costs: | |||
| Cost of goods sold | 31,049 | 28,309 | 33,546 |
| Selling, general and administrative expenses | 5,177 | 4,686 | 4,951 |
| Research and development expenses | 1,905 | 1,951 | 2,119 |
| Interest expense of Financial Products | 646 | 596 | 587 |
| Goodwill impairment charge | 0 | 595 | 0 |
| Other operating (income) expenses | 2,279 | 1,902 | 2,023 |
| Total operating costs | 41,056 | 38,039 | 43,226 |
| Operating profit | 4,406 | 498 | 3,785 |
| Interest expense excluding Financial Products | 531 | 505 | 507 |
| Other income (expense) | 207 | 146 | 161 |
| Consolidated profit before taxes | 4,082 | 139 | 3,439 |
| Provision (benefit) for income taxes | 3,339 | 192 | 916 |
| Profit (loss) of consolidated companies | 743 | (53) | 2,523 |
| Equity in profit (loss) of unconsolidated affiliated companies | 16 | (6) | 0 |
| Profit (loss) of consolidated and affiliated companies | 759 | (59) | 2,523 |
| Less: Profit (loss) attributable to noncontrolling interests | 5 | 8 | 11 |
| Profit (loss) | 754 [1] | (67) | 2,512 |
| Profit (loss) per common share (in dollars per share) | 1.27 | (0.11) | 4.23 |
| Profit (loss) per common share - diluted (in dollars per share) | 1.26 [2] | (0.11) | 4.18 |
| Weighted-average common shares outstanding (millions) | |||
| Basic (in shares) | 591,800 | 584,300 | 594,300 |
| Diluted (in shares) | 599,300 | 584,300 | 601,300 |
| Cash dividends declared per common share (in dollars per share) | 3.11 | 3.08 | 3.01 |
| [2] 3 In 2016, the assumed exercise of stock-based compensation awards was not considered because the impact would be antidilutive. | 2 Diluted by assumed exercise of stock-based compensation awards, using the treasury stock method. | |||
| [1] 1 Profit (loss) attributable to common shareholders. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CATERPILLAR FINANCIAL SERVICES CORP | |||
Ticker: CAT Fiscal Year: 2017 | |||
Consolidated Statements of Profit | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 15, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Revenues: | |||
| Retail finance | $ 1,235 | 1,220 | 1,243 |
| Operating lease | 985 | 1,015 | 1,012 |
| Wholesale finance | 307 | 264 | 285 |
| Other, net | 162 | 96 | 133 |
| Total revenues | 2,689 | 2,595 | 2,673 |
| Expenses: | |||
| Interest | 667 | 611 | 593 |
| Depreciation on equipment leased to others | 810 | 841 | 836 |
| General, operating and administrative | 429 | 391 | 415 |
| Provision for credit losses | 132 | 135 | 119 |
| Other | 46 | 41 | 64 |
| Total expenses | 2,084 | 2,019 | 2,027 |
| Other income (expense) | (15) | (15) | (27) |
| Profit before income taxes | 590 | 561 | 619 |
| Provision (benefit) for income taxes | (4) | 171 | 158 |
| Profit of consolidated companies | 594 | 390 | 461 |
| Less: Profit attributable to noncontrolling interests | 8 | 6 | 1 |
| Profit | 586 | 384 [1] | 460 |
| [1] Profit attributable to Caterpillar Financial Services Corporation. | |||
| External Links | |
| CATERPILLAR FINANCIAL SERVICES CORP (CAT) Fiscal Year 2017 | |
| 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 |