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: 2022 | |||
Consolidated Results of Operations | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 15, 2023) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Sales and revenues: | |||
| Sales and revenues | $ 59,427 | 50,971 | 41,748 |
| Operating costs: | |||
| Cost of goods sold | 41,350 | 35,513 | 29,082 |
| Selling, general and administrative expenses | 5,651 | 5,365 | 4,642 |
| Research and development expenses | 1,814 | 1,686 | 1,415 |
| Goodwill impairment charge | 925 | 0 | 0 |
| Other operating (income) expenses | 1,218 | 1,074 | 1,467 |
| Total operating costs | 51,523 | 44,093 | 37,195 |
| Operating profit | 7,904 | 6,878 | 4,553 |
| Other income (expense) | 1,291 | 1,814 | (44) |
| Consolidated profit before tax | 8,752 | 8,204 | 3,995 |
| Provision (benefit) for income taxes | 2,067 | 1,742 | 1,006 |
| Profit (loss) of consolidated companies | 6,685 | 6,462 | 2,989 |
| Equity in profit (loss) of unconsolidated affiliated companies | 19 | 31 | 14 |
| Profit (loss) of consolidated and affiliated companies | 6,704 | 6,493 | 3,003 |
| Less: Profit (loss) attributable to noncontrolling interests | (1) | 4 | 5 |
| Profit (loss) | 6,705 | 6,489 | 2,998 |
| Profit (loss) per common share | 12.72 | 11.93 | 5.51 |
| Profit (loss) per common share - diluted | 12.64 | 11.83 | 5.46 |
| Weighted-average common shares outstanding (millions) | |||
| Basic | 526,900 | 544,000 | 544,100 |
| Diluted | 530,400 | 548,500 | 548,600 |
| Product and Service | |||
| Machinery, Energy & Transportation | |||
| Sales and revenues | 56,574 | 48,188 | 39,022 |
| Financial Products | |||
| Sales and revenues | 2,853 | 2,783 | 2,726 |
| Interest Expense of Financial Products | 565 | 455 | 589 |
| All other excluding Financial Products | |||
| Interest Expense excluding Financial Products | 443 | 488 | 514 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CATERPILLAR FINANCIAL SERVICES CORP | |||
Ticker: CAT Fiscal Year: 2022 | |||
Consolidated Statements of Profit | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 15, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Revenues: | |||
| Retail finance | $ 1,229 | 1,197 | 1,249 |
| Operating lease | 888 | 942 | 965 |
| Wholesale finance | 441 | 314 | 336 |
| Other, net | 176 | 109 | 0 |
| Total revenues | 2,734 | 2,562 | 2,550 |
| Expenses: | |||
| Interest | 566 | 455 | 591 |
| Depreciation on equipment leased to others | 718 | 755 | 758 |
| General, operating and administrative | 531 | 528 | 433 |
| Provision for credit losses | 81 | 70 | 266 |
| Other | 24 | 36 | 43 |
| Total expenses | 1,920 | 1,844 | 2,091 |
| Other income (expense) | (83) | (23) | (25) |
| Profit before income taxes | 731 | 695 | 434 |
| Provision for income taxes | 189 | 178 | 126 |
| Profit of consolidated companies | 542 | 517 | 308 |
| Less: Profit attributable to noncontrolling interests | 7 | 12 | 15 |
| Profit attributable to Caterpillar Financial Services Corporation | 535 | 505 | 293 |
| External Links | |
| CATERPILLAR FINANCIAL SERVICES CORP (CAT) Fiscal Year 2022 | |
| 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 |