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: 2019 | |||
Consolidated Results of Operations | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 19, 2020) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Sales and revenues: | |||
| Sales and revenues | $ 53,800 | 54,722 | 45,462 |
| Cost of goods sold | 36,630 | 36,997 | 31,260 |
| Operating costs: | |||
| Selling, general and administrative expenses | 5,162 | 5,478 | 4,999 |
| Research and development expenses | 1,693 | 1,850 | 1,842 |
| Interest expense of Financial Products | 754 | 722 | 646 |
| Goodwill impairment charge | 0 | 0 | 0 |
| Other operating (income) expenses | 1,271 | 1,382 | 2,255 |
| Total operating costs | 45,510 | 46,429 | 41,002 |
| Operating profit | 8,290 | 8,293 | 4,460 |
| Interest Expense Excluding Financial Products | 421 | 404 | 531 |
| Other income (expense) | (57) | (67) | 153 |
| Consolidated profit before taxes | 7,812 | 7,822 | 4,082 |
| Provision (benefit) for income taxes | 1,746 | 1,698 | 3,339 |
| Profit (loss) of consolidated companies | 6,066 | 6,124 | 743 |
| Equity in profit (loss) of unconsolidated affiliated companies | 28 | 24 | 16 |
| Profit (loss) of consolidated and affiliated companies | 6,094 | 6,148 | 759 |
| Less: Profit (loss) attributable to noncontrolling interests | 1 | 1 | 5 |
| Profit (loss) | 6,093 | 6,147 | 754 |
| Profit (loss) per common share (in dollars per share) | 10.85 | 10.39 | 1.27 |
| Profit (loss) per common share - diluted (in dollars per share) | 10.74 | 10.26 | 1.26 |
| Weighted-average common shares outstanding (millions) | |||
| Basic (in shares) | 561,600 | 591,400 | 591,800 |
| Diluted (in shares) | 567,500 | 599,400 | 599,300 |
| Product and Service | |||
| Machinery, Energy & Transportation | |||
| Sales and revenues | 50,755 | 51,822 | 42,676 |
| Financial Products | |||
| Sales and revenues | 3,045 | 2,900 | 2,786 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CATERPILLAR FINANCIAL SERVICES CORP | |||
Ticker: CAT Fiscal Year: 2019 | |||
Consolidated Statements of Profit | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 19, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Revenues: | |||
| Retail finance | $ 1,369 | 1,308 | 1,235 |
| Operating lease | 1,037 | 1,011 | 985 |
| Wholesale finance | 491 | 415 | 307 |
| Other, net | 69 | 113 | 162 |
| Total revenues | 2,966 | 2,847 | 2,689 |
| Expenses: | |||
| Interest | 787 | 757 | 667 |
| Depreciation on equipment leased to others | 813 | 819 | 810 |
| General, operating and administrative | 516 | 423 | 429 |
| Provision for credit losses | 162 | 354 | 132 |
| Other | 36 | 38 | 46 |
| Total expenses | 2,314 | 2,391 | 2,084 |
| Other income (expense) | (24) | (23) | (15) |
| Profit before income taxes | 628 | 433 | 590 |
| Provision (benefit) for income taxes | 196 | 108 | (4) |
| Profit of consolidated companies | 432 | 325 | 594 |
| Less: Profit attributable to noncontrolling interests | 22 | 20 | 8 |
| Profit | 410 | 305 [1] | 586 |
| [1] Profit attributable to Caterpillar Financial Services Corporation. | |||
| External Links | |
| CATERPILLAR FINANCIAL SERVICES CORP (CAT) Fiscal Year 2019 | |
| 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 |