← CATERPILLAR INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Available to Common Stockholders, Basic | ($67.0m) | $754.0m | $6.1b | $6.1b | $3.0b | $6.5b | $6.7b | $10.3b | $10.8b | $8.9b | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $8.0m | $5.0m | $1.0m | $1.0m | $5.0m | $4.0m | ($1.0m) | ($3.0m) | ($4.0m) | ($2.0m) | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($59.0m) | $759.0m | $6.1b | $6.1b | $3.0b | $6.5b | $6.7b | $10.3b | $10.8b | $8.9b | |
| Amortization of Intangible Assets | $326.0m | $323.0m | $331.0m | $324.0m | $311.0m | $302.0m | $284.0m | $218.0m | $176.0m | $169.0m | |
| Depreciation | $2.7b | $2.6b | $2.4b | $2.3b | $2.1b | $2.0b | $1.9b | $1.9b | $2.0b | $2.1b | |
| Depreciation, Depletion and Amortization | $3.0b | $2.9b | $2.8b | $2.6b | $2.4b | $2.4b | $2.2b | $2.1b | $2.2b | $2.3b | |
| Deferred Income Tax Expense (Benefit) | ($431.0m) | $1.2b | $220.0m | $28.0m | ($74.0m) | ($383.0m) | ($377.0m) | ($592.0m) | ($621.0m) | $465.0m | |
| Provision (benefit) for deferred income taxes | ($431.0m) | $1.2b | $220.0m | $28.0m | ($74.0m) | ($383.0m) | ($377.0m) | ($592.0m) | ($621.0m) | $465.0m | |
| Common stock issued, and other stock compensation transactions, net | ($23.0m) | $566.0m | $313.0m | $238.0m | $229.0m | $135.0m | $51.0m | $12.0m | $20.0m | ($16.0m) | |
| Goodwill, Impairment Loss | $595.0m | $0 | $0 | $0 | $0 | $0 | $925.0m | $0 | $0 | $0 | |
| Share-based Payment Arrangement, Expense | $218.0m | $206.0m | $197.0m | $205.0m | $202.0m | $200.0m | $193.0m | $208.0m | $223.0m | $242.0m | |
| (Gain) loss on divestiture | — | — | — | — | — | $0 | $0 | $572.0m | $164.0m | $30.0m | |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | — | — | ($586.0m) | — | — | |
| Income (Loss) from Equity Method Investments | ($6.0m) | $16.0m | $24.0m | $28.0m | $14.0m | $31.0m | $19.0m | $63.0m | $44.0m | $109.0m | |
| Income Tax Expense (Benefit) | $192.0m | $3.3b | $1.7b | $1.7b | $1.0b | $1.7b | $2.1b | $2.8b | $2.6b | $2.8b | |
| Operating Lease, Lease Income | — | — | — | $1.2b | $1.1b | $1.1b | $1.1b | $1.2b | $1.2b | $1.2b | |
| Other Nonoperating Income (Expense) | $146.0m | $207.0m | ($67.0m) | ($57.0m) | ($44.0m) | $1.8b | $1.3b | $595.0m | $813.0m | $892.0m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Accounts payable | ($200.0m) | $1.5b | $709.0m | ($1.0b) | $98.0m | $2.0b | $798.0m | ($754.0m) | ($282.0m) | $1.2b | |
| Accrued expenses | ($201.0m) | $175.0m | $101.0m | $172.0m | ($366.0m) | $196.0m | $317.0m | $796.0m | $191.0m | $438.0m | |
| Accrued wages, salaries and employee benefits | ($708.0m) | $1.2b | ($162.0m) | ($757.0m) | ($544.0m) | $1.1b | $90.0m | $486.0m | ($363.0m) | $187.0m | |
| Actuarial (gain) loss on pension and postretirement benefits | $985.0m | $301.0m | $495.0m | $468.0m | $383.0m | ($833.0m) | ($606.0m) | ($97.0m) | ($154.0m) | ($294.0m) | |
| Additions to finance receivables | ($9.3b) | ($12.0b) | ($12.2b) | ($12.8b) | ($12.4b) | ($13.0b) | ($13.2b) | ($15.2b) | ($15.4b) | ($15.3b) | |
| Collections of finance receivables | $9.4b | $12.0b | $10.9b | $12.2b | $12.6b | $12.4b | $13.2b | $14.0b | $13.6b | $13.5b | |
| Customer advances | ($37.0m) | ($69.0m) | ($183.0m) | ($10.0m) | ($126.0m) | $34.0m | $768.0m | $80.0m | $370.0m | $1.9b | |
| Debt and Equity Securities, Gain (Loss) | — | — | — | $35.0m | $37.0m | $134.0m | ($56.0m) | $11.0m | $39.0m | $30.0m | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | ($33.0m) | $29.0m | $47.0m | $105.0m | ($49.0m) | ($12.0m) | $25.0m | $20.0m | |
| Expenditures for equipment leased to others | ($1.8b) | ($1.4b) | ($1.6b) | ($1.6b) | ($1.1b) | ($1.4b) | ($1.3b) | ($1.5b) | ($1.2b) | ($1.5b) | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | — | — | — | — | $84.0m | $109.0m | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($57.0m) | ($213.0m) | ($201.0m) | ($67.0m) | ($193.0m) | $110.0m | $104.0m | ($96.0m) | $71.0m | ($168.0m) | |
| Goodwill | $6.0b | $6.2b | $6.2b | $6.2b | $6.4b | $6.3b | $5.3b | $5.3b | $5.2b | $5.3b | |
| Increase (Decrease) in Accounts Payable | ($200.0m) | $1.5b | $709.0m | ($1.0b) | $98.0m | $2.0b | $798.0m | ($754.0m) | ($282.0m) | $1.2b | |
| Increase (Decrease) in Inventories | ($1.1b) | $1.3b | $1.6b | ($274.0m) | $34.0m | $2.6b | $2.6b | $364.0m | $414.0m | $1.5b | |
| Inventories | $1.1b | ($1.3b) | ($1.6b) | $274.0m | ($34.0m) | ($2.6b) | ($2.6b) | ($364.0m) | ($414.0m) | ($1.5b) | |
| Investments in securities | ($391.0m) | ($1.0b) | ($506.0m) | ($552.0m) | ($638.0m) | ($1.8b) | ($3.1b) | ($4.4b) | ($1.5b) | ($1.9b) | |
| Operating Expenses | $38.0b | $41.1b | $46.4b | $45.5b | — | — | — | — | — | — | |
| Other | $856.0m | $746.0m | $1.0b | $675.0m | $1.0b | $216.0m | $701.0m | $375.0m | $564.0m | $742.0m | |
| Other assets – net | $224.0m | ($192.0m) | $41.0m | ($93.0m) | ($201.0m) | ($97.0m) | ($210.0m) | ($95.0m) | ($97.0m) | ($176.0m) | |
| Other liabilities – net | ($388.0m) | ($327.0m) | ($1.4b) | ($1.7b) | ($686.0m) | ($83.0m) | ($754.0m) | $439.0m | ($104.0m) | ($294.0m) | |
| Other – net | $0 | $61.0m | $13.0m | ($24.0m) | ($66.0m) | $79.0m | $14.0m | $0 | ($1.0m) | ($1.0m) | |
| Proceeds from maturities and sale of securities | $694.0m | $932.0m | $442.0m | $529.0m | $345.0m | $785.0m | $2.4b | $1.9b | $3.2b | $2.5b | |
| Proceeds from sale of finance receivables | $127.0m | $127.0m | $477.0m | $235.0m | $42.0m | $51.0m | $57.0m | $63.0m | $83.0m | $71.0m | |
| Profit of consolidated and affiliated companies | ($59.0m) | $759.0m | $6.1b | $6.1b | $3.0b | $6.5b | $6.7b | $10.3b | $10.8b | $8.9b | |
| Receivables – trade and other | $829.0m | ($1.2b) | ($1.6b) | $171.0m | $1.4b | ($1.3b) | ($220.0m) | ($437.0m) | ($160.0m) | ($2.1b) | |
| Restructuring Costs | — | — | — | — | — | — | — | — | $359.0m | $445.0m | |
| Short-term borrowings – net (original maturities three months or less) | $140.0m | ($3.1b) | $762.0m | ($138.0m) | ($2.8b) | $3.5b | $402.0m | ($1.3b) | ($168.0m) | $1.1b | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | — | — | — | — | — | — | — | — | — | $10.0m | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | $3.0m | ($77.0m) | $100.0m | — | — | — | — | — | — | — | |
| Other Operating Income (Expense), Net | ($1.9b) | ($2.3b) | ($1.4b) | ($1.3b) | $1.5b | ($1.1b) | ($1.2b) | ($1.8b) | ($1.5b) | ($1.2b) | |
| Net Cash Provided by (Used in) Operating Activities | $5.6b | $5.7b | $6.6b | $6.9b | $6.3b | $7.2b | $7.8b | $12.9b | $12.0b | $11.7b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $899.0m | $1.2b | $936.0m | $1.2b | $978.0m | $1.1b | $1.3b | $1.6b | $2.0b | $2.8b | |
| Proceeds from disposals of leased assets and property, plant and equipment | $899.0m | $1.2b | $936.0m | $1.2b | $772.0m | $1.3b | $830.0m | $781.0m | $722.0m | $708.0m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $191.0m | $59.0m | $392.0m | $47.0m | $111.0m | $490.0m | $88.0m | $75.0m | $34.0m | $47.0m | |
| Investments and acquisitions (net of cash acquired) | ($191.0m) | ($59.0m) | ($392.0m) | ($47.0m) | ($111.0m) | ($490.0m) | ($88.0m) | ($75.0m) | ($34.0m) | ($47.0m) | |
| Proceeds from sale of businesses and investments (net of cash sold) | $0 | $100.0m | $16.0m | $41.0m | $25.0m | $36.0m | $1.0m | ($4.0m) | ($61.0m) | $22.0m | |
| Payments for (Proceeds from) Other Investing Activities | $0 | ($61.0m) | ($13.0m) | $24.0m | $66.0m | ($79.0m) | ($14.0m) | ($97.0m) | ($193.0m) | ($75.0m) | |
| Net cash provided by (used for) investing activities | ($1.8b) | ($994.0m) | ($3.2b) | ($1.9b) | ($1.5b) | ($3.1b) | ($2.5b) | ($5.9b) | ($2.5b) | ($4.7b) | |
| Net Cash Provided by (Used in) Investing Activities | ($1.8b) | ($994.0m) | ($3.2b) | ($1.9b) | ($1.5b) | ($3.1b) | ($2.5b) | ($5.9b) | ($2.5b) | ($4.7b) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from debt issued (original maturities greater than three months): | — | — | — | $9.8b | $10.4b | $7.0b | $6.7b | $8.3b | $10.3b | $11.1b | |
| Payments on debt (original maturities greater than three months): | — | — | — | ($8.3b) | ($8.2b) | ($9.8b) | ($7.7b) | ($6.3b) | ($9.3b) | ($8.1b) | |
| Payments for Repurchase of Common Stock | $0 | $0 | $3.8b | $4.0b | $1.1b | $2.7b | $4.2b | $5.0b | $7.7b | $5.2b | |
| Payments of Ordinary Dividends, Common Stock | $1.8b | $1.8b | $2.0b | $2.1b | $2.2b | $2.3b | $2.4b | $2.6b | $2.6b | $2.7b | |
| Payments to purchase common stock | $0 | $0 | ($3.8b) | ($4.0b) | ($1.1b) | ($2.7b) | ($4.2b) | ($5.0b) | ($7.7b) | ($5.2b) | |
| Proceeds from Noncontrolling Interests | $0 | — | — | — | — | — | — | — | — | — | |
| Dividends Payable, Current | $452.0m | $466.0m | $495.0m | $567.0m | $562.0m | $595.0m | $620.0m | $649.0m | $674.0m | $703.0m | |
| Dividends paid | ($2k) | ($2k) | ($2k) | ($2k) | ($2k) | ($2k) | ($2k) | ($3k) | ($3k) | ($3k) | |
| Proceeds from (Payments for) Other Financing Activities | — | ($9.0m) | ($54.0m) | ($3.0m) | ($1.0m) | ($4.0m) | ($10.0m) | $0 | ($1.0m) | ($1.0m) | |
| Net cash provided by (used for) financing activities | ($3.1b) | ($3.7b) | ($3.6b) | ($4.5b) | ($3.8b) | ($4.2b) | ($7.3b) | ($6.9b) | ($9.6b) | ($3.9b) | |
| Net Cash Provided by (Used in) Financing Activities | ($3.1b) | ($3.7b) | ($3.6b) | ($4.5b) | ($3.8b) | ($4.2b) | ($7.3b) | ($6.9b) | ($9.6b) | ($3.9b) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($28.0m) | $38.0m | ($126.0m) | ($44.0m) | ($13.0m) | ($29.0m) | ($194.0m) | ($110.0m) | ($106.0m) | ($43.0m) | |
| Effect of exchange rate changes on cash | ($28.0m) | $38.0m | ($126.0m) | ($44.0m) | ($13.0m) | ($29.0m) | ($194.0m) | ($110.0m) | ($106.0m) | ($43.0m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | ($430.0m) | $402.0m | $1.1b | ($103.0m) | ($2.2b) | ($28.0m) | ($89.0m) | $3.1b | |
| Increase (decrease) in cash, cash equivalents and restricted cash | — | — | ($430.0m) | $402.0m | $1.1b | ($103.0m) | ($2.2b) | ($28.0m) | ($89.0m) | $3.1b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $7.9b | $8.3b | $9.4b | $9.3b | $7.0b | $7.0b | $6.9b | $10.0b | |
| Cash, Cash Equivalents, and Short-term Investments | $7.2b | $8.3b | $7.9b | $8.3b | $9.4b | — | — | — | — | — | |
| Cash, cash equivalents and restricted cash at beginning of period | $7.2b | $8.3b | $7.9b | $8.3b | $9.4b | $9.3b | $7.0b | $7.0b | $6.9b | $10.0b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $1.1b | $1.1b | $1.1b | $1.1b | $1.1b | $920.0m | $959.0m | $1.7b | $1.7b | $1.8b | |
| Income Taxes Paid, Net | — | — | — | — | — | — | $0 | $0 | ($40.0m) | $2.2b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.