PACCAR Inc. (PCAR) financial statements (2023 and earlier)
Company profile
| Business Address |
PACCAR BUILDING BELLEVUE, WA 98004 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 3711 - Motor Vehicles and Passenger Car Bodies (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 3,436 | 2,365 | 1,916 | 2,016 | |||||
| Cash and cash equivalents | 3,436 | 2,365 | 1,916 | 2,016 | |||||
| Total current assets: | 3,436 | 2,365 | 1,916 | 2,016 | |||||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 1 | 1 | 1 | ✕ | ✕ | ✕ | ✕ | ||
| Operating lease, right-of-use asset | 36 | 40 | 37 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 3,398 | 3,270 | 2,884 | 2,481 | 2,464 | 2,260 | 2,176 | ||
| Intangible assets, net (including goodwill) | 111 | 119 | 109 | 112 | 117 | 103 | 106 | ||
| Goodwill | 111 | 119 | 109 | 112 | 117 | 103 | 106 | ||
| Defined benefit plan, assets for plan benefits | ✕ | ✕ | ✕ | ✕ | ✕ | 107 | 27 | ||
| Total noncurrent assets: | 3,545 | 3,430 | 3,031 | 2,593 | 2,582 | 2,470 | 2,309 | ||
| Other undisclosed assets | 25,756 | 24,830 | 25,330 | 19,454 | 18,494 | 16,253 | 16,784 | ||
| TOTAL ASSETS: | 29,302 | 28,260 | 28,361 | 25,482 | 23,440 | 20,639 | 21,110 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 20 | 26 | 40 | ||||||
| Employee-related liabilities | 20 | 26 | 40 | ||||||
| Total current liabilities: | 20 | 26 | 40 | ||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 149 | 165 | 705 | 131 | 130 | 119 | 114 | ||
| Deferred income tax liabilities | 591 | ✕ | ✕ | ✕ | ✕ | ||||
| Liability, pension and other postretirement and postemployment benefits | 149 | 165 | 115 | 131 | 130 | 119 | 114 | ||
| Total noncurrent liabilities: | 149 | 165 | 705 | 131 | 130 | 119 | 114 | ||
| Total liabilities: | 168 | 191 | 745 | 131 | 130 | 119 | 114 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 11,437 | 10,390 | 9,706 | 8,593 | 8,051 | 6,778 | 6,940 | ||
| Common stock | 347 | 347 | 346 | 347 | 352 | 351 | 351 | ||
| Additional paid in capital | 142 | 89 | 61 | 69 | 123 | 70 | 69 | ||
| Accumulated other comprehensive loss | (921) | (1,050) | (1,100) | (1,099) | (794) | (1,128) | (1,017) | ||
| Retained earnings | 11,869 | 11,005 | 10,399 | 9,275 | 8,369 | 7,485 | 7,537 | ||
| Total stockholders' equity: | 11,437 | 10,390 | 9,706 | 8,593 | 8,051 | 6,778 | 6,940 | ||
| Other undisclosed liabilities and equity | 17,696 | 17,679 | 17,910 | 16,759 | 15,260 | 13,743 | 14,055 | ||
| TOTAL LIABILITIES AND EQUITY: | 29,302 | 28,260 | 28,361 | 25,482 | 23,440 | 20,639 | 21,110 | ||
Income statement (P&L) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 23,522 | 18,729 | 25,600 | 23,496 | 19,456 | 17,033 | 19,115 | |
| Cost of revenue | (1) | (29) | (15) | (17) | (22) | (18) | (12) | |
| Provision for loan, lease, and other losses | (1) | (29) | (15) | (17) | ✕ | ✕ | ✕ | |
| Financial services costs | ✕ | ✕ | ✕ | ✕ | (22) | (18) | (12) | |
| Gross profit: | 23,522 | 18,700 | 25,584 | 23,479 | 19,434 | 17,015 | 19,103 | |
| Operating income: | 23,522 | 18,700 | 25,584 | 23,479 | 19,434 | 17,015 | 19,103 | |
| Nonoperating income (Investment Income, Nonoperating) | 16 | 36 | 82 | 61 | 35 | 28 | 22 | |
| Interest and debt expense | (0) | (0) | ||||||
| Income from continuing operations before equity method investments, income taxes: | 23,537 | 18,736 | 25,667 | 23,540 | 19,469 | 17,043 | 19,125 | |
| Other undisclosed loss from continuing operations before income taxes | (21,159) | (17,078) | (22,567) | (20,730) | (17,296) | (15,912) | (16,787) | |
| Income from continuing operations before income taxes: | 2,379 | 1,658 | 3,099 | 2,810 | 2,173 | 1,130 | 2,337 | |
| Income tax expense | (527) | (360) | (711) | (615) | (498) | (609) | (733) | |
| Net income available to common stockholders, diluted: | 1,852 | 1,298 | 2,388 | 2,195 | 1,675 | 522 | 1,604 | |
Comprehensive Income ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 1,852 | 1,298 | 2,388 | 2,195 | 1,675 | 522 | 1,604 | |
| Other comprehensive income (loss) | 129 | 50 | (2) | (272) | 335 | (111) | (437) | |
| Comprehensive income, net of tax, attributable to parent: | 1,981 | 1,348 | 2,386 | 1,923 | 2,010 | 411 | 1,167 | |
Statements sources
The financial statements are based on the company's filings with the 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.