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: 2020 | |||
Consolidated Results of Operations | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 17, 2021) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Sales and revenues: | |||
| Sales and revenues | $ 41,748 | 53,800 | 54,722 |
| Operating costs: | |||
| Cost of goods sold | 29,082 | 36,630 | 36,997 |
| Selling, general and administrative expenses | 4,642 | 5,162 | 5,478 |
| Research and development expenses | 1,415 | 1,693 | 1,850 |
| Other operating (income) expenses | 1,467 | 1,271 | 1,382 |
| Total operating costs | 37,195 | 45,510 | 46,429 |
| Operating profit | 4,553 | 8,290 | 8,293 |
| Other income (expense) | (44) | (57) | (67) |
| Consolidated profit before taxes | 3,995 | 7,812 | 7,822 |
| Provision (benefit) for income taxes | 1,006 | 1,746 | 1,698 |
| Profit (loss) of consolidated companies | 2,989 | 6,066 | 6,124 |
| Equity in profit (loss) of unconsolidated affiliated companies | 14 | 28 | 24 |
| Profit (loss) of consolidated and affiliated companies | 3,003 | 6,094 | 6,148 |
| Less: comprehensive income attributable to the noncontrolling interests | 5 | 1 | 1 |
| Profit (loss) | 2,998 | 6,093 | 6,147 [1] |
| Profit (loss) per common share (in dollars per share) | 5.51 | 10.85 | 10.39 |
| Profit (loss) per common share - diluted (in dollars per share) | 5.46 | 10.74 [2] | 10.26 |
| Weighted-average common shares outstanding (millions) | |||
| Basic (in shares) | 544,100 | 561,600 | 591,400 |
| Diluted (in shares) | 548,600 | 567,500 | 599,400 |
| Product and Service | |||
| Machinery, Energy & Transportation | |||
| Sales and revenues | 39,022 | 50,755 | 51,822 |
| Financial Products | |||
| Sales and revenues | 2,726 | 3,045 | 2,900 |
| Interest Expense | 589 | 754 | 722 |
| All other excluding Financial Products | |||
| Interest Expense | 514 | 421 | 404 |
| [1] Profit attributable to common shareholders. | |||
| [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: 2020 | |||
Consolidated Statements of Profit | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 17, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Revenues: | |||
| Retail finance | $ 1,249 | 1,369 | 1,308 |
| Operating lease | 965 | 1,037 | 1,011 |
| Wholesale finance | 336 | 491 | 415 |
| Other, net | 0 | 69 | 113 |
| Total revenues | 2,550 | 2,966 | 2,847 |
| Expenses: | |||
| Interest | 591 | 787 | 757 |
| Depreciation on equipment leased to others | 758 | 813 | 819 |
| General, operating and administrative | 433 | 516 | 423 |
| Provision for credit losses | 266 | 162 | 354 |
| Other | 43 | 36 | 38 |
| Total expenses | 2,091 | 2,314 | 2,391 |
| Other income (expense) | (25) | (24) | (23) |
| Profit before income taxes | 434 | 628 | 433 |
| Provision for income taxes | 126 | 196 | 108 |
| Profit of consolidated companies | 308 | 432 | 325 |
| Less: Profit attributable to noncontrolling interests | 15 | 22 | 20 |
| Profit | 293 | 410 [1] | 305 |
| [1] Profit attributable to Caterpillar Financial Services Corporation. | |||
| External Links | |
| CATERPILLAR FINANCIAL SERVICES CORP (CAT) Fiscal Year 2020 | |
| 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 |