CATERPILLAR INC. 
Caterpillar Inc.
Caterpillar Inc.: Files Form 10-Q FQE 31 March 2021
13-Mai-2021 / 01:43 CET/CEST
Information réglementaire transmise par EQS Group.
Le contenu de ce communiqué est de la responsabilité de l'émetteur.
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Table of Contents
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
For the quarterly period ended March 31, 2021
OR
? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
For the transition period from to
Commission File Number: 1-768
CATERPILLAR INC.
(Exact name of registrant as specified in its charter)
Delaware 37-0602744
(State or other jurisdiction of incorporation) (IRS Employer I.D. No.)
510 Lake Cook Road, Suite 100, Deerfield, Illinois 60015
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (224) 551-4000
Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report: N/A
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol (s) Name of each exchange on which registered
Common Stock (USD1.00 par value) CAT New York Stock Exchange 1
8% Debentures due February 15, 2023 CAT23 New York Stock Exchange
5.3% Debentures due September 15, 2035 CAT35 New York Stock Exchange
1 In addition to the New York Stock Exchange, Caterpillar common stock is also listed on stock exchanges in France and
Switzerland.
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of
the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ? No ?
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be
submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such
shorter period that the registrant was required to submit such files). Yes ? No ?
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated
filer, smaller reporting company, or an emerging growth company. See definitions of "large accelerated filer,"
"accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer ? Accelerated filer ?
Non-accelerated filer ? Smaller reporting company ?
Emerging growth company ?
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition
period for complying with any new or
revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ?
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ?
No ?
At March 31, 2021, 547,763,530 shares of common stock of the registrant were outstanding.
Table of Contents
Table of Contents
Part I. Financial Information
Item 1. Financial Statements 3
Management's Discussion and Analysis of Financial Condition and Results of
Item 2. 42
Operations
Item 3. Quantitative and Qualitative Disclosures About Market Risk 63
Item 4. Controls and Procedures 63
Part II. Other Information
Item 1. Legal Proceedings 64
Item 1A. Risk Factors 64
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 64
Item 3. Defaults Upon Senior Securities *
Item 4. Mine Safety Disclosures *
Item 5. Other Information 64
Item 6. Exhibits 65
* Item omitted because no answer is called for or item is not applicable.
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Table of Contents
Part I. FINANCIAL INFORMATION
Item 1. Financial Statements
Caterpillar Inc.
Consolidated Statement of Results of Operations
(Unaudited)
(Dollars in millions except per share data)
Three Months Ended March 31
Sales and revenues: 2021 2020
Sales of Machinery, Energy & Transportation.................................... USD 11,191 USD 9,914
Revenues of Financial Products.............................................. 696 721
Total sales and revenues.................................................. 11,887 10,635
Operating costs:
Cost of goods sold...................................................... 8,012 7,266
Selling, general and administrative expenses..................................... 1,239 1,121
Research and development expenses.......................................... 374 356
Interest expense of Financial Products......................................... 125 175
Other operating (income) expenses........................................... 323 313
Total operating costs..................................................... 10,073 9,231
Operating profit........................................................ 1,814 1,404
Interest expense excluding Financial Products.................................... 142 113
Other income (expense)................................................... 325 222
Consolidated profit before taxes............................................. 1,997 1,513
Provision (benefit) for income taxes........................................... 475 425
Profit of consolidated companies............................................. 1,522 1,088
Equity in profit (loss) of unconsolidated affiliated companies.......................... 9 5
Profit of consolidated and affiliated companies................................... 1,531 1,093
Less: Profit (loss) attributable to noncontrolling interests............................... 1 1
Profit 1
USD 1,092
..................................................................... USD 1,530
Profit per common share.................................................. USD 2.80 USD 2.00
Profit per common share - diluted 2
USD 1.98
..................................................................... USD 2.77
Weighted-average common shares outstanding (millions)
- Basic............................................................ 546.4 546.8
- Diluted 2 551.4 551.1 1 Profit attributable to common shareholders.
2 Diluted by assumed exercise of stock-based compensation awards using the treasury stock method.
See accompanying notes to Consolidated Financial Statements.
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Caterpillar Inc. Consolidated Statement of Comprehensive Income (Unaudited) (Dollars in millions)
Three Months Ended March 31
2021 2020
Profit of consolidated and affiliated companies....................................... USD 1,531 USD 1,093
Other comprehensive income (loss), net of tax (Note 13):
Foreign currency translation: (347) (360)
Pension and other postretirement benefits: (8) (7)
Derivative financial instruments: (31) (60)
Available-for-sale securities: (16) (18)
Total other comprehensive income (loss), net of tax..................................... (402) (445)
Comprehensive income........................................................ 1,129 648
Less: comprehensive income attributable to the noncontrolling interests 1 1
........................
Comprehensive income attributable to shareholders.................................. USD 1,128 USD 647 See accompanying notes to Consolidated Financial Statements.
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Caterpillar Inc. Consolidated Statement of Financial Position (Unaudited) (Dollars in millions)
March 31, December 31,
Assets
2021 2020
Current assets:
Cash and short-term investments......................................... USD 11,342 USD 9,352
Receivables - trade and other........................................... 7,955 7,317
Receivables - finance................................................ 9,333 9,463
Prepaid expenses and other current assets................................... 1,802 1,930
Inventories....................................................... 12,149 11,402
Total current assets................................................... 42,581 39,464 (MORE TO FOLLOW) Dow Jones Newswires
May 12, 2021 19:45 ET (23:45 GMT)
