Caterpillar Financial Statements From 2010 to 2023

CAT Stock  USD 262.12  3.68  1.42%   
Caterpillar financial statements provide useful quarterly and yearly information to potential Caterpillar investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Caterpillar financial statements helps investors assess Caterpillar's valuation, profitability, and current liquidity needs.
There are currently one hundred fifteen fundamental signals for Caterpillar that can be evaluated and compared over time across rivals. Make sure you validate Caterpillar's prevailing fundamentals against the performance from 2010 to 2023 and make sure the trends continue to evolve in the right direction.
Net Income Per Employee is likely to drop to about 43 K in 2023. Revenue Per Employee is likely to drop to about 421.2 K in 2023.
  
Check Caterpillar financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Caterpillar main balance sheet or income statement drivers, such as Direct Expenses of 42.4 B, Consolidated Income of 6.1 B or Cost of Revenue of 32.7 B, as well as many exotic indicators such as Interest Coverage of 5.98, Long Term Debt to Equity of 1.94 or Calculated Tax Rate of 26.59. Caterpillar financial statements analysis is a perfect complement when working with Caterpillar Valuation or Volatility modules. It can also supplement Caterpillar's financial leverage analysis and stock options assessment as well as various Caterpillar Technical models . Continue to the analysis of Caterpillar Correlation against competitors.

Caterpillar Revenues

60.36 Billion

Caterpillar Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Tax Assets1.9 B1.7 B2.4 B
Down
Slightly volatile
Accumulated Retained Earnings Deficit41.8 B45.2 B32.5 B
Up
Slightly volatile
Trade and Non Trade Receivables28.1 B28.2 B31 B
Down
Slightly volatile
Property Plant and Equipment Net11.9 B10.9 B14.2 B
Down
Slightly volatile
Trade and Non Trade Payables6.6 B7.3 B6.7 B
Down
Pretty Stable
Liabilities Non Current33.1 B32.8 B37.1 B
Down
Slightly volatile
Current Liabilities25.6 B26.9 B27 B
Up
Very volatile
Total Liabilities58.5 B59.7 B63.6 B
Down
Pretty Stable
Investments Non Current290.7 M295.6 M246.6 M
Up
Slightly volatile
Investments290.7 M295.6 M246.6 M
Up
Slightly volatile
Inventory11.7 B12.6 B12.2 B
Down
Slightly volatile
Goodwill and Intangible Assets7.3 B6.6 B8.9 B
Down
Slightly volatile
Shareholders Equity USD14.3 B14.9 B15.2 B
Down
Very volatile
Shareholders Equity14.2 B14.8 B15 B
Up
Very volatile
Deposit Liabilities1.2 B978.3 M1.6 B
Down
Slightly volatile
Total Debt USD33.6 B34 B36.6 B
Down
Pretty Stable
Debt Non Current23.1 B23.4 B25.3 B
Down
Slightly volatile
Debt Current13.9 B13.5 B11.8 B
Up
Slightly volatile
Total Debt33.6 B34 B36.6 B
Down
Pretty Stable
Cash and Equivalents USD9.7 B10.6 B7.3 B
Up
Slightly volatile
Cash and Equivalents7.3 B8.3 BB
Up
Slightly volatile
Assets Non Current36.6 B35.4 B41.7 B
Down
Slightly volatile
Current Assets36.5 B39.1 B37.8 B
Up
Pretty Stable
Total Assets72.6 B74.5 B78.6 B
Down
Pretty Stable
Accounts Payable6.6 B7.3 B6.5 B
Up
Pretty Stable
Receivables20.3 B20 B17.4 B
Up
Slightly volatile
Inventories15.3 B16.1 B12.3 B
Up
Pretty Stable

Caterpillar Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Income Tax Expense1.5 B1.6 B1.5 B
Down
Very volatile
Weighted Average Shares Diluted685.3 M630.8 M617 M
Down
Slightly volatile
Weighted Average Shares676.8 M625.6 M607.5 M
Down
Slightly volatile
Selling General and Administrative Expense4.8 B4.8 B5.2 B
Down
Slightly volatile
Research and Development Expense1.6 B1.5 B1.9 B
Down
Slightly volatile
Revenues USD45.9 B45.9 B51.5 B
Down
Slightly volatile
Revenues60.4 B58.6 B52.2 B
Up
Very volatile
Operating Income6.1 B6.6 B6.3 B
Up
Very volatile
Operating Expenses7.5 B7.3 B8.6 B
Down
Slightly volatile
Net Income to Non Controlling Interests3.7 M3.6 M15.7 M
Down
Slightly volatile
Net Income Common Stock USD6.1 B7.5 B4.3 B
Up
Slightly volatile
Net Income Common Stock6.1 B7.5 B4.3 B
Up
Slightly volatile
Net Income4.7 B5.8 BB
Up
Pretty Stable
Interest Expense568.1 M561.2 M479.1 M
Up
Slightly volatile
Gross Profit13.2 B13.5 B14.4 B
Down
Slightly volatile
Earning Before Interest and Taxes USD8.6 B10 B6.4 B
Up
Slightly volatile
Earning Before Interest and Taxes EBIT8.6 B10 B6.4 B
Up
Slightly volatile
Cost of Revenue32.7 B32.4 B37.1 B
Down
Slightly volatile
Consolidated Income6.1 B7.5 B4.3 B
Up
Pretty Stable
Direct Expenses42.4 B40.8 B36.9 B
Down
Very volatile

Caterpillar Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Effect of Exchange Rate Changes on Cash (36 M)(33.4 M)(70.9 M)
Up
Slightly volatile
Net Cash Flow from Operations6.2 B6.5 B6.7 B
Down
Very volatile
Net Cash Flow Investment Acquisitions and Disposals(1.9 B)(1.7 B)(1 B)
Up
Very volatile
Net Cash Flow from Financing(5.2 B)(4.8 B)(3 B)
Down
Slightly volatile
Issuance Repayment of Debt Securities 729.4 M612.9 M1.2 B
Down
Slightly volatile
Issuance Purchase of Equity Shares(2.5 B)(2.3 B)(1.6 B)
Down
Slightly volatile
Net Cash Flow Business Acquisitions and Disposals(563.3 M)(522.1 M)(1.2 B)
Up
Slightly volatile
Net Cash Flow or Change in Cash and Cash Equivalents(95.1 M)(92.7 M)349.8 M
Down
Pretty Stable
Depreciation Amortization and Accretion2.3 B2.1 B2.7 B
Down
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Tangible Assets Book Value per Share154159125
Up
Slightly volatile
Sales per Share80.0884.3384.4046
Up
Very volatile
Return on Sales0.170.20.1205
Up
Slightly volatile
Return on Invested Capital0.120.140.0873
Up
Slightly volatile
Return on Average Equity30.2736.7127.0818
Up
Pretty Stable
Return on Average Assets5.837.255.0431
Up
Pretty Stable
Price to Sales Ratio2.162.541.5301
Up
Slightly volatile
Price to Earnings Ratio21.519.93(36.6272)
Up
Very volatile
Price to Book Value6.827.795.0591
Up
Slightly volatile
Payout Ratio0.440.41(1.4668)
Up
Very volatile
Profit Margin12.3611.467.7794
Up
Slightly volatile
Gross Margin26.6827.2928.9266
Up
Pretty Stable
Free Cash Flow per Share8.469.917.9228
Up
Slightly volatile
Enterprise Value over EBITDA15.0314.4612.8485
Up
Slightly volatile
Enterprise Value over EBIT26.1618.426.4684
Up
Very volatile
Earnings per Basic Share USD10.9213.727.3244
Up
Slightly volatile
Earnings per Diluted Share11.4910.656.91
Up
Slightly volatile
Earnings per Basic Share11.5810.747.0139
Up
Slightly volatile
EBITDA Margin17.6719.7717.4572
Up
Slightly volatile
Dividends per Basic Common Share4.344.923.1598
Up
Slightly volatile
Dividend Yield0.02090.01890.0248
Down
Pretty Stable
Debt to Equity Ratio2.132.062.4119
Down
Pretty Stable
Current Ratio1.271.311.3785
Down
Very volatile
Book Value per Share33.434.9126.6987
Up
Slightly volatile
Asset Turnover0.760.730.664
Down
Pretty Stable
Total Assets Per Share129139134
Up
Slightly volatile
Cash Flow Per Share11.1212.0911.3359
Up
Slightly volatile
Return on Investment15.4815.812.8465
Up
Very volatile
Operating Margin11.8412.9512.0038
Up
Pretty Stable
Calculated Tax Rate26.5919.1136.9321
Down
Very volatile
Receivables Turnover3.553.433.0856
Up
Very volatile
Inventory Turnover3.533.213.2068
Down
Slightly volatile
PPandE Turnover4.584.793.713
Up
Slightly volatile
Cash and Equivalents Turnover8.36.38.4269
Down
Slightly volatile
Accounts Payable Turnover9.078.218.2715
Down
Slightly volatile
Accrued Expenses Turnover10.389.869.1358
Down
Pretty Stable
Interest Coverage5.987.05.6036
Up
Pretty Stable
Long Term Debt to Equity1.941.821.7252
Up
Pretty Stable
Quick Ratio0.790.80.8681
Up
Pretty Stable
Net Current Assets as percentage of Total Assets13.4314.7913.501
Up
Slightly volatile
Revenue to Assets0.740.710.6526
Down
Very volatile

Caterpillar Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Working Capital14.4 B15.6 B11.2 B
Up
Slightly volatile
Tangible Asset Value65.9 B67.9 B70.8 B
Down
Slightly volatile
Market Capitalization109 B128.6 B77.2 B
Up
Slightly volatile
Invested Capital Average66.4 B66.5 B73 B
Down
Slightly volatile
Invested Capital66.4 B66.7 B73.1 B
Down
Slightly volatile
Free Cash Flow6.3 B6.9 B4.9 B
Up
Slightly volatile
Enterprise Value143.2 B160 B108 B
Up
Slightly volatile
Average Equity14.6 B15 B15.5 B
Down
Very volatile
Earnings before Tax8.1 B9.5 B5.9 B
Up
Pretty Stable
Earnings Before Interest Taxes and Depreciation Amortization USD11.7 B12.7 B9.2 B
Up
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization EBITDAB10.1 BB
Up
Pretty Stable
Average Assets72.5 B73.4 B79 B
Down
Slightly volatile
Revenue Per Employee421.2 K425.9 K461.6 K
Down
Pretty Stable
Net Income Per Employee43 K54.2 K36.3 K
Up
Slightly volatile

Caterpillar Fundamental Market Drivers

Forward Price Earnings15.8983
Cash And Short Term Investments9.3 B

Caterpillar Upcoming Events

Upcoming Quarterly Report28th of January 2022
Next Financial Report5th of May 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End28th of January 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

About Caterpillar Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Caterpillar income statement, its balance sheet, and the statement of cash flows. Caterpillar investors use historical funamental indicators, such as Caterpillar's revenue or net income, to determine how well the company is positioned to perform in the future. Although Caterpillar investors may use each financial statement separately, they are all related. The changes in Caterpillar's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Caterpillar's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Caterpillar Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Caterpillar. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2023
Cost of Revenue32.4 B32.7 B
Revenues58.6 B60.4 B
Revenue to Assets 0.71  0.74 
Revenue Per Employee425.9 K421.2 K

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Pair Trading with Caterpillar

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Caterpillar position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Caterpillar will appreciate offsetting losses from the drop in the long position's value.

Moving together with Caterpillar

+0.82WNCWabash National Earnings Call This WeekPairCorr
+0.89ABBABB Earnings Call This WeekPairCorr

Moving against Caterpillar

-0.78OIGOrbital Energy Group Symbol ChangePairCorr
The ability to find closely correlated positions to Caterpillar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Caterpillar when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Caterpillar - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Caterpillar to buy it.
The correlation of Caterpillar is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Caterpillar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Caterpillar moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Caterpillar can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Continue to the analysis of Caterpillar Correlation against competitors. Note that the Caterpillar information on this page should be used as a complementary analysis to other Caterpillar's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

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Is Caterpillar's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Caterpillar. If investors know Caterpillar will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Caterpillar listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.488
Market Capitalization
134.5 B
Quarterly Revenue Growth
0.209
Return On Assets
0.0695
Return On Equity
0.4561
The market value of Caterpillar is measured differently than its book value, which is the value of Caterpillar that is recorded on the company's balance sheet. Investors also form their own opinion of Caterpillar's value that differs from its market value or its book value, called intrinsic value, which is Caterpillar's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Caterpillar's market value can be influenced by many factors that don't directly affect Caterpillar's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Caterpillar's value and its price as these two are different measures arrived at by different means. Investors typically determine Caterpillar value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Caterpillar's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.