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: 2021 | |||
Consolidated Results of Operations | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 16, 2022) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Sales and revenues: | |||
| Sales and revenues | $ 50,971 | 41,748 | 53,800 |
| Operating costs: | |||
| Cost of goods sold | 35,513 | 29,082 | 36,630 |
| Selling, general and administrative expenses | 5,365 | 4,642 | 5,162 |
| Research and development expenses | 1,686 | 1,415 | 1,693 |
| Other operating (income) expenses | 1,074 | 1,467 | 1,271 |
| Total operating costs | 44,093 | 37,195 | 45,510 |
| Operating profit | 6,878 | 4,553 | 8,290 |
| Other income (expense) | 1,814 | (44) | (57) |
| Consolidated profit before tax | 8,204 | 3,995 | 7,812 |
| Provision (benefit) for income taxes | 1,742 | 1,006 | 1,746 |
| Profit (loss) of consolidated companies | 6,462 | 2,989 | 6,066 |
| Equity in profit (loss) of unconsolidated affiliated companies | 31 | 14 | 28 |
| Profit (loss) of consolidated and affiliated companies | 6,493 | 3,003 | 6,094 |
| Less: comprehensive income attributable to the noncontrolling interests | 4 | 5 | 1 |
| Profit (loss) | 6,489 [1] | 2,998 | 6,093 |
| Profit (loss) per common share (in dollars per share) | 11.93 | 5.51 | 10.85 |
| Profit (loss) per common share - diluted (in dollars per share) | 11.83 | 5.46 | 10.74 |
| Weighted-average common shares outstanding (millions) | |||
| Basic (in shares) | 544,000 | 544,100 | 561,600 |
| Diluted (in shares) | 548,500 | 548,600 | 567,500 |
| Product and Service | |||
| Machinery, Energy & Transportation | |||
| Sales and revenues | 48,188 | 39,022 | 50,755 |
| Financial Products | |||
| Sales and revenues | 2,783 | 2,726 | 3,045 |
| Interest Expense of Financial Products | 455 | 589 | 754 |
| All other excluding Financial Products | |||
| Interest Expense excluding Financial Products | 488 | 514 | 421 |
| [1] Profit attributable to common shareholders. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CATERPILLAR FINANCIAL SERVICES CORP | |||
Ticker: CAT Fiscal Year: 2021 | |||
Consolidated Statements of Profit | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 16, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Revenues: | |||
| Retail finance | $ 1,197 | 1,249 | 1,369 |
| Operating lease | 942 | 965 | 1,037 |
| Wholesale finance | 314 | 336 | 491 |
| Other, net | 109 | 0 | 69 |
| Total revenues | 2,562 | 2,550 | 2,966 |
| Expenses: | |||
| Interest | 455 | 591 | 787 |
| Depreciation on equipment leased to others | 755 | 758 | 813 |
| General, operating and administrative | 528 | 433 | 516 |
| Provision for credit losses | 70 | 266 | 162 |
| Other | 36 | 43 | 36 |
| Total expenses | 1,844 | 2,091 | 2,314 |
| Other income (expense) | (23) | (25) | (24) |
| Profit before income taxes | 695 | 434 | 628 |
| Provision for income taxes | 178 | 126 | 196 |
| Profit of consolidated companies | 517 | 308 | 432 |
| Less: Profit attributable to noncontrolling interests | 12 | 15 | 22 |
| Profit | 505 | 293 | 410 [1] |
| [1] Profit attributable to Caterpillar Financial Services Corporation. | |||
| External Links | |
| CATERPILLAR FINANCIAL SERVICES CORP (CAT) Fiscal Year 2021 | |
| 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 |