Cash flow Caterpillar Inc.

Equities

CAT

US1491231015

Heavy Machinery & Vehicles

Market Closed - Nyse Other stock markets 04:00:02 2025-01-17 pm EST			5-day change	1st Jan Change
386.02 ^USD	+1.44%		+6.49%	+6.41%

Jan. 17	Caterpillar Insider Sold Shares Worth $3,800,900, According to a Recent SEC Filing	MT
Jan. 16	Truist Securities Adjusts Caterpillar Price Target to $455 From $471, Maintains Buy Rating	MT

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Published financial data: CATERPILLAR INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	50.76B	39.02B	48.19B	56.57B	63.87B
Finance Div. Revenues	3.04B	2.73B	2.78B	2.85B	3.19B
Total Revenues	53.8B	41.75B	50.97B	59.43B	67.06B
Cost of Goods Sold, Total	36.63B	29.08B	35.51B	41.35B	42.77B
Finance Div. Operating Exp.	1.95B	1.95B	1.81B	1.95B	1.99B
Interest Expense - Finance Division	754M	589M	455M	565M	1.03B
Gross Profit	14.46B	10.13B	13.19B	15.56B	21.28B
Selling General & Admin Expenses, Total	4.8B	3.84B	3.43B	4.11B	5.62B
R&D Expenses	1.69B	1.42B	1.69B	1.81B	2.11B
Other Operating Expenses	-140M	-80M	-204M	-115M	-120M
Other Operating Expenses, Total	6.35B	5.17B	4.92B	5.81B	7.61B
Operating Income	8.11B	4.96B	8.27B	9.76B	13.67B
Interest Expense, Total	-421M	-514M	-488M	-443M	-511M
Interest And Investment Income	202M	112M	80M	167M	494M
Net Interest Expenses	-219M	-402M	-408M	-276M	-17M
Income (Loss) On Equity Invest.	28M	14M	31M	19M	63M
Currency Exchange Gains (Loss)	-67M	-193M	110M	104M	-96M
Other Non Operating Income (Expenses)	26M	-64M	124M	234M	156M
EBT, Excl. Unusual Items	7.88B	4.31B	8.13B	9.84B	13.77B
Restructuring Charges	-114M	-311M	-31M	-84M	-670M
Impairment of Goodwill	-	-	-	-925M	-
Gain (Loss) On Sale Of Investments	65M	37M	134M	-56M	11M
Asset Writedown	-	-	-	-	-
Other Unusual Items	8M	-29M	1M	-1M	-1M
EBT, Incl. Unusual Items	7.84B	4.01B	8.24B	8.77B	13.11B
Income Tax Expense	1.75B	1.01B	1.74B	2.07B	2.78B
Earnings From Continuing Operations	6.09B	3B	6.49B	6.7B	10.33B
Net Income to Company	6.09B	3B	6.49B	6.7B	10.33B
Minority Interest	-1M	-5M	-4M	1M	3M
Net Income - (IS)	6.09B	3B	6.49B	6.7B	10.34B
Net Income to Common Incl Extra Items	6.09B	3B	6.49B	6.7B	10.34B
Net Income to Common Excl. Extra Items	6.09B	3B	6.49B	6.7B	10.34B
Per Share Items
Net EPS - Basic	10.85	5.51	11.93	12.73	20.24
Basic EPS - Continuing Operations	10.85	5.51	11.93	12.73	20.24
Basic Weighted Average Shares Outstanding	562M	544M	544M	527M	511M
Net EPS - Diluted	10.74	5.46	11.83	12.64	20.12
Diluted EPS - Continuing Operations	10.74	5.46	11.83	12.64	20.12
Diluted Weighted Average Shares Outstanding	568M	549M	548M	530M	514M
Normalized Basic EPS	8.77	4.94	9.33	11.67	16.86
Normalized Diluted EPS	8.68	4.9	9.26	11.59	16.77
Dividend Per Share	3.95	4.12	4.36	4.71	5.1
Payout Ratio	34.99	74.82	35.94	36.39	24.8
American Depositary Receipts Ratio (ADR)	0.06	0.06	0.06	0.06	0.06
Supplemental Items
EBITDA	10.61B	7.29B	10.54B	11.9B	15.74B
EBITA	8.44B	5.27B	8.58B	10.04B	13.88B
EBIT	8.11B	4.96B	8.27B	9.76B	13.67B
EBITDAR	10.9B	7.55B	10.8B	12.14B	15.99B
Total Revenues (As Reported)	53.8B	41.75B	50.97B	59.43B	67.06B
Effective Tax Rate - (Ratio)	22.27	25.09	21.15	23.57	21.21
Current Domestic Taxes	457M	49M	842M	1.19B	1.78B
Current Foreign Taxes	1.26B	1.03B	1.28B	1.26B	1.59B
Total Current Taxes	1.72B	1.08B	2.12B	2.44B	3.37B
Deferred Domestic Taxes	35M	-40M	-437M	-427M	-428M
Deferred Foreign Taxes	-7M	-34M	54M	50M	-164M
Total Deferred Taxes	28M	-74M	-383M	-377M	-592M
Normalized Net Income	4.92B	2.69B	5.08B	6.15B	8.61B
Interest Capitalized	-	-	-	-	-
Non-Cash Pension Expense	-21M	-152M	-1.07B	-201M	-37M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	1.69B	1.42B	1.69B	1.81B	2.11B
Net Rental Expense, Total	289M	254M	260M	246M	251M
Imputed Operating Lease Interest Expense	109M	96.73M	91.27M	84.47M	101M
Imputed Operating Lease Depreciation	180M	157M	169M	162M	150M
Stock-Based Comp., Other (Total)	205M	202M	200M	193M	208M
Total Stock-Based Compensation	205M	202M	200M	193M	208M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	7.3B	8.82B	8.43B	6.04B	6.11B
Short Term Investments	-	-	964M	-	1.9B
Total Cash And Short Term Investments	7.3B	8.82B	9.39B	6.04B	8.01B
Accounts Receivable, Total	8.48B	7.18B	8.23B	9.1B	9.56B
Total Receivables	8.48B	7.18B	8.23B	9.1B	9.56B
Inventory	11.27B	11.4B	14.04B	16.27B	16.56B
Prepaid Expenses	1.73B	1.92B	1.82B	2.4B	2.44B
Finance Division Loans and Leases Current	9.34B	9.46B	8.9B	9.01B	9.51B
Finance Division Other Current Assets, Total	1.05B	550M	963M	962M	872M
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	8M	14M	-	-	-
Other Current Assets, Total	23M	119M	106M	-	-
Total Current Assets	39.19B	39.46B	43.46B	43.78B	46.95B
Net Property Plant And Equipment	9.23B	8.91B	8.8B	8.75B	9.25B
Long-term Investments	-	4M	-	-	-
Goodwill	6.2B	6.39B	6.32B	5.29B	5.31B
Other Intangibles, Total	1.56B	1.31B	1.04B	758M	564M
Finance Division Loans and Leases Long-Term	12.65B	12.22B	12.71B	12.01B	12.66B
Finance Division Other Long-Term Assets, Total	4.32B	4.16B	3.99B	3.84B	3.99B
Accounts Receivable Long-Term	1.16B	1.04B	1.1B	1.26B	1.24B
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	1.32B	1.36B	1.67B	2.05B	2.63B
Other Long-Term Assets, Total	2.81B	3.46B	3.7B	4.2B	4.88B
Total Assets	78.45B	78.32B	82.79B	81.94B	87.48B
Liabilities
Accounts Payable, Total	5.96B	6.13B	8.15B	8.69B	7.91B
Accrued Expenses, Total	4.97B	4.14B	5.53B	5.95B	7.06B
Short-term Borrowings	5M	10M	9M	3M	-
Current Portion of Long-Term Debt	16M	1.42B	45M	120M	1.04B
Current Portion of Leases	173M	163M	158M	151M	147M
Finance Division Debt Current	11.38B	9.74B	11.72B	11.16B	12.36B
Finance Division Other Current Liabilities, Total	359M	553M	414M	442M	658M
Unearned Revenue Current, Total	1.19B	1.11B	1.09B	1.86B	1.93B
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	2.57B	2.45B	2.73B	3.16B	3.62B
Total Current Liabilities	26.62B	25.72B	29.85B	31.53B	34.73B
Long-Term Debt	9.14B	9.65B	9.67B	9.44B	8.51B
Long-Term Leases	461M	560M	563M	484M	499M
Finance Division Debt Non Current	17.14B	16.25B	16.29B	16.22B	15.89B
Finance Division Other Non Current Liabilities, Total	-	-	-	-	-
Unearned Revenue Non Current	467M	418M	470M	-	460M
Pension & Other Post Retirement Benefits	6.6B	6.87B	5.59B	4.2B	4.1B
Deferred Tax Liability Non Current	-	418M	412M	471M	454M
Other Non Current Liabilities	3.4B	3.06B	3.44B	3.7B	3.33B
Total Liabilities	63.82B	62.95B	66.28B	66.05B	67.97B
Common Stock, Total	5.94B	6.23B	6.4B	6.56B	6.4B
Retained Earnings	34.44B	35.17B	39.28B	43.51B	51.25B
Treasury Stock	-24.22B	-25.18B	-27.64B	-31.75B	-36.34B
Comprehensive Income and Other	-1.57B	-888M	-1.55B	-2.46B	-1.82B
Total Common Equity	14.59B	15.33B	16.48B	15.87B	19.49B
Minority Interest	41M	47M	32M	22M	9M
Total Equity	14.63B	15.38B	16.52B	15.89B	19.5B
Total Liabilities And Equity	78.45B	78.32B	82.79B	81.94B	87.48B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	550M	545M	536M	516M	499M
ECS Total Common Shares Outstanding	550M	545M	536M	516M	499M
Book Value / Share	26.52	28.11	30.76	30.73	39.04
Tangible Book Value	6.83B	7.63B	9.12B	9.82B	13.62B
Tangible Book Value Per Share	12.41	13.99	17.01	19.02	27.28
Total Debt	38.32B	37.79B	38.45B	37.57B	38.45B
Net Debt	31.02B	28.97B	29.05B	31.53B	30.45B
Debt Equivalent of Unfunded Proj. Benefit Obligation	1.92B	1.7B	552M	325M	197M
Debt Equivalent Oper. Leases	2.31B	2.03B	2.08B	1.97B	2.01B
Minority Interest, Total (Incl. Fin. Div)	41M	47M	32M	22M	9M
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	4	4	4	4	4
LIFO Reserve, Total	-2.09B	-2.13B	-2.6B	-3.32B	-3.42B
Inventories - Raw Materials, Total	4.26B	4.02B	5.53B	6.37B	6.49B
Inventories - Work In Process, Total	1.15B	1.05B	1.32B	1.45B	1.41B
Inventories - Finished Goods, Total	5.6B	6.05B	6.91B	8.14B	8.31B
Inventories - Others	258M	275M	285M	310M	354M
Full Time Employees	102K	97.3K	108K	109K	113K
Order Backlog	13.7B	14.2B	23.1B	30.4B	27.5B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	6.09B	3B	6.49B	6.7B	10.34B
Depreciation & Amortization - CF	2.17B	2.03B	1.96B	1.86B	1.85B
Amortization of Goodwill and Intangible Assets - (CF)	324M	311M	302M	284M	218M
Depreciation & Amortization, Total	2.5B	2.34B	2.27B	2.14B	2.07B
(Gain) Loss From Sale Of Asset	-	-	-	-	572M
Asset Writedown & Restructuring Costs	80M	95M	85M	1B	75M
Other Operating Activities, Total	1.17B	1.31B	-996M	-283M	-317M
Change In Accounts Receivable	171M	1.44B	-1.26B	-220M	-437M
Change In Inventories	274M	-34M	-2.59B	-2.59B	-364M
Change In Accounts Payable	-1.02B	98M	2.04B	798M	-754M
Change in Unearned Revenues	-10M	-126M	34M	768M	80M
Change in Other Net Operating Assets	-2.34B	-1.8B	1.12B	-557M	1.63B
Cash from Operations	6.91B	6.33B	7.2B	7.77B	12.88B
Capital Expenditure	-2.67B	-2.12B	-2.47B	-2.6B	-3.09B
Sale of Property, Plant, and Equipment	1.15B	772M	1.26B	830M	781M
Cash Acquisitions	-	-	-	-	-
Divestitures	41M	25M	36M	1M	-4M
Investment in Marketable and Equity Securities, Total	-70M	-404M	-1.47B	-782M	-2.59B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-359M	303M	-521M	-5M	-1.06B
Other Investing Activities, Total	-24M	-66M	79M	14M	97M
Cash from Investing	-1.93B	-1.48B	-3.08B	-2.54B	-5.87B
Short Term Debt Issued, Total	-	-	3.49B	402M	-
Long-Term Debt Issued, Total	9.84B	10.43B	6.99B	6.67B	8.26B
Total Debt Issued	9.84B	10.43B	10.48B	7.08B	8.26B
Short Term Debt Repaid, Total	-138M	-2.8B	-	-	-1.34B
Long-Term Debt Repaid, Total	-8.3B	-8.24B	-9.8B	-7.73B	-6.32B
Total Debt Repaid	-8.44B	-11.04B	-9.8B	-7.73B	-7.66B
Issuance of Common Stock	238M	229M	135M	51M	12M
Repurchase of Common Stock	-4.05B	-1.13B	-2.67B	-4.23B	-4.98B
Common Dividends Paid	-2.13B	-2.24B	-2.33B	-2.44B	-2.56B
Common & Preferred Stock Dividends Paid	-2.13B	-2.24B	-2.33B	-2.44B	-2.56B
Other Financing Activities, Total	-3M	-1M	-4M	-10M	-
Cash from Financing	-4.54B	-3.76B	-4.19B	-7.28B	-6.93B
Foreign Exchange Rate Adjustments	-44M	-13M	-29M	-194M	-110M
Net Change in Cash	402M	1.07B	-103M	-2.25B	-28M
Supplemental Items
Cash Interest Paid	1.06B	1.09B	920M	959M	1.71B
Cash Income Tax Paid (Refund)	1.85B	1.31B	1.76B	3.08B	2.95B
Levered Free Cash Flow	2.8B	2.15B	6.95B	3.5B	8.49B
Unlevered Free Cash Flow	3.06B	2.47B	7.26B	3.77B	8.81B
Change In Net Working Capital	2.04B	1.05B	-2.09B	2.06B	-1.08B
Net Debt Issued / Repaid	1.41B	-610M	681M	-652M	594M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	6.46	3.95	6.42	7.4	10.08
Return on Total Capital	9.79	5.84	9.56	11.25	15.33
Return On Equity %	42.45	20.02	40.72	41.37	58.38
Return on Common Equity	42.57	20.04	40.79	41.45	58.45
Margin Analysis
Gross Profit Margin %	26.88	24.26	25.88	26.19	31.73
SG&A Margin	8.91	9.19	6.74	6.92	8.38
EBITDA Margin %	19.72	17.47	20.68	20.02	23.47
EBITA Margin %	15.68	12.62	16.83	16.89	20.71
EBIT Margin %	15.08	11.87	16.23	16.42	20.38
Income From Continuing Operations Margin %	11.33	7.19	12.74	11.28	15.41
Net Income Margin %	11.33	7.18	12.73	11.28	15.41
Net Avail. For Common Margin %	11.33	7.18	12.73	11.28	15.41
Normalized Net Income Margin	9.15	6.44	9.96	10.35	12.84
Levered Free Cash Flow Margin	5.21	5.15	13.64	5.88	12.66
Unlevered Free Cash Flow Margin	5.69	5.92	14.24	6.35	13.13
Asset Turnover
Asset Turnover	0.69	0.53	0.63	0.72	0.79
Fixed Assets Turnover	5.87	4.6	5.76	6.77	7.45
Receivables Turnover (Average Receivables)	5.9	4.98	6.25	6.37	6.85
Inventory Turnover (Average Inventory)	3.21	2.57	2.79	2.73	2.6
Short Term Liquidity
Current Ratio