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: 2018 | |||
Consolidated Results of Operations | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 14, 2019) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Sales and revenues: | |||
| Sales and revenues | $ 54,722 | 45,462 | 38,537 |
| Cost of goods sold | 36,997 | 31,260 | 28,044 |
| Operating costs: | |||
| Selling, general and administrative expenses | 5,478 | 4,999 | 4,383 |
| Research and development expenses | 1,850 | 1,842 | 1,853 |
| Interest expense of Financial Products | 722 | 646 | 596 |
| Goodwill impairment charge | 0 | 0 | 595 |
| Other operating (income) expenses | 1,382 | 2,255 | 1,904 |
| Total operating costs | 46,429 | 41,002 | 37,375 |
| Operating profit | 8,293 | 4,460 | 1,162 |
| Interest expense excluding Financial Products | 404 | 531 | 505 |
| Other income (expense) | (67) | 153 | (518) |
| Consolidated profit before taxes | 7,822 | 4,082 | 139 |
| Provision (benefit) for income taxes | 1,698 | 3,339 | 192 |
| Profit (loss) of consolidated companies | 6,124 | 743 | (53) |
| Equity in profit (loss) of unconsolidated affiliated companies | 24 | 16 | (6) |
| Profit (loss) of consolidated and affiliated companies | 6,148 | 759 | (59) |
| Less: Profit (loss) attributable to noncontrolling interests | 1 | 5 | 8 |
| Profit (loss) | 6,147 | 754 | (67) [1] |
| Profit (loss) per common share (in dollars per share) | 10.39 | 1.27 | (0.11) |
| Profit (loss) per common share - diluted (in dollars per share) | 10.26 | 1.26 | (0.11) |
| Weighted-average common shares outstanding (millions) | |||
| Basic (in shares) | 591,400 | 591,800 | 584,300 |
| Diluted (in shares) | 599,400 | 599,300 | 584,300 [2] |
| Product and Service | |||
| Machinery, Energy & Transportation | |||
| Sales and revenues | 51,822 | 42,676 | 35,773 |
| Financial Service | |||
| Sales and revenues | 2,900 | 2,786 | 2,764 |
| [1] 1 Profit (loss) attributable to common shareholders. | |||
| [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. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CATERPILLAR FINANCIAL SERVICES CORP | |||
Ticker: CAT Fiscal Year: 2018 | |||
Consolidated Statements of Profit | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 14, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Revenues: | |||
| Retail finance | $ 1,308 | 1,235 | 1,220 |
| Operating lease | 1,011 | 985 | 1,015 |
| Wholesale finance | 415 | 307 | 264 |
| Other, net | 113 | 162 | 96 |
| Total revenues | 2,847 | 2,689 | 2,595 |
| Expenses: | |||
| Interest | 757 | 667 | 611 |
| Depreciation on equipment leased to others | 819 | 810 | 841 |
| General, operating and administrative | 423 | 429 | 391 |
| Provision for credit losses | 354 | 132 | 135 |
| Other | 38 | 46 | 41 |
| Total expenses | 2,391 | 2,084 | 2,019 |
| Other income (expense) | (23) | (15) | (15) |
| Profit before income taxes | 433 | 590 | 561 |
| Provision (benefit) for income taxes | 108 | (4) | 171 |
| Profit of consolidated companies | 325 | 594 | 390 |
| Less: Profit attributable to noncontrolling interests | 20 | 8 | 6 |
| Profit | 305 [1] | 586 | 384 |
| [1] Profit attributable to Caterpillar Financial Services Corporation. | |||
| External Links | |
| CATERPILLAR FINANCIAL SERVICES CORP (CAT) Fiscal Year 2018 | |
| 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 |