Caterpillar, Inc. (CAT) Financial Statements (2024 and earlier)

Company Profile

Business Address 5205 N. O'CONNOR BOULEVARD
IRVING, TX 75039
State of Incorp. TX
Fiscal Year End December 31
Industry (SIC) 3531 - Construction Machinery and Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:7,0049,2549,3528,2847,8578,261
Cash and cash equivalents7,0049,254    
Other undisclosed cash, cash equivalents, and short-term investments   9,3528,2847,8578,261
Receivables17,86917,37516,7807,6487,74316,193
Inventory, net of allowances, customer advances and progress billings16,27014,03811,40211,26611,52910,018
Inventory16,27014,03811,40211,26611,52910,018
Other undisclosed current assets2,6422,7881,93011,99511,4741,772
Total current assets:43,78543,45539,46439,19338,60336,244
Noncurrent Assets
Operating lease, right-of-use asset 564625  
Property, plant and equipment12,02812,09012,40112,90413,57414,155
Long-term investments and receivables13,27813,91113,40713,84414,44714,775
Long-term investments      243
Accounts and financing receivable, after allowance for credit loss13,27813,91113,40713,84414,44714,532
Intangible assets, net (including goodwill)6,0467,3667,7027,7618,1148,311
Goodwill5,2886,3246,3946,1966,2176,200
Intangible assets, net (excluding goodwill)7581,0421,3081,5651,8972,111
Other noncurrent assets4,5934,1313,8273,3402,3322,027
Other undisclosed noncurrent assets1,6491,2151,5231,4111,4391,450
Total noncurrent assets:38,15839,33838,86039,26039,90640,718
TOTAL ASSETS:81,94382,79378,32478,45378,50976,962
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities12,76914,74811,42811,90313,50312,732
Interest and dividends payable595562567495466
Employee-related liabilities2,2421,0961,6292,3842,559
Accounts payable8,6898,1546,1285,9577,0516,487
Accrued liabilities4,0803,7573,6423,7503,5733,220
Deferred revenue1,8601,0871,108 
Debt 5,9575,4042,0155,1665,7234,837
Customer advances and deposits1,193
Other liabilities2,6902,2562,0172,1551,9191,975
Other undisclosed current liabilities8,2556,3529,1497,3977,0736,194
Total current liabilities:31,53129,84725,71726,62128,21826,931
Noncurrent Liabilities
Liabilities, other than long-term debt8,80710,39711,23010,92211,21112,418
Liability, pension and other postretirement and postemployment benefits4,2035,5926,8726,5997,4558,365
Other liabilities4,6044,8054,3584,3233,7564,053
Other undisclosed noncurrent liabilities25,71426,03325,99926,28125,00023,847
Total noncurrent liabilities:34,52136,43037,22937,20336,21136,265
Total liabilities:66,05266,27762,94663,82464,42963,196
Equity
Equity, attributable to parent9,30910,0869,1018,6538,2128,104
Treasury stock, value(31,748)(27,643)(25,178)(24,217)(20,531)(17,005)
Accumulated other comprehensive loss(2,457)(1,553)(888)(1,567)(1,684)(1,192)
Retained earnings43,51439,28235,16734,43730,42726,301
Equity, attributable to noncontrolling interest223247414169
Other undisclosed equity6,5606,3986,2305,9355,8275,593
Total equity:15,89116,51615,37814,62914,08013,766
TOTAL LIABILITIES AND EQUITY:81,94382,79378,32478,45378,50976,962

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues59,42750,97141,74853,80054,72245,462
Revenue, net42,676
Cost of revenue(41,350)(35,513)(29,082)(36,630)(36,997)(31,049)
Cost of goods and services sold     (819)(31,049)
Gross profit:18,07715,45812,66617,17017,72514,413
Operating expenses(8,390)(7,051)(6,057)(45,510)(46,429)(41,056)
Other operating income (expense), net(1,218)(1,074)1,467   
Other undisclosed operating income (loss)(565)(455)(3,523)36,63036,99731,049
Operating income:7,9046,8784,5538,2908,2934,406
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
1,2911,814(44)(57)(67)207
Other undisclosed loss from continuing operations before equity method investments, income taxes(443)(488)(514)(421)(404)(531)
Income from continuing operations before equity method investments, income taxes:8,7528,2043,9957,8127,8224,082
Income from equity method investments193114282416
Income from continuing operations before income taxes:8,7718,2354,0097,8407,8464,098
Income tax expense(2,067)(1,742)(1,006)(1,746)(1,698)(3,339)
Income from continuing operations:6,7046,4933,0036,0946,148759
Income before gain (loss) on sale of properties:6,4933,0036,0946,148759
Net income:6,7046,4933,0036,0946,148759
Net income (loss) attributable to noncontrolling interest 1(4)(5)(1)(1)(5)
Net income available to common stockholders, diluted:6,7056,4892,9986,0936,147754

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:6,7046,4933,0036,0946,148759
Other comprehensive income (loss)(904)(665)6799(481)847
Comprehensive income:5,8005,8283,6826,1035,6671,606
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 1(4)(5)(1)(1)(5)
Comprehensive income, net of tax, attributable to parent:5,8015,8243,6776,1025,6661,601

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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