CAT Strategic Metals (CSE:CAT)
Historical Stock Chart
From Oct 2019 to Oct 2024
Three Months Ended Nine Months Ended
September 30, September 30,
2008 2007 2008 2007
Sales and revenues:
Sales of Machinery
and Engines $12,148 $10,668 $35,924 $30,602
Revenues of
Financial Products 833 774 2,477 2,212
Total sales and
revenues 12,981 11,442 38,401 32,814
Operating costs:
Cost of goods sold 9,704 8,270 28,349 23,706
Selling, general and
administrative
expenses 1,061 938 3,094 2,796
Research and
development expenses 437 357 1,221 1,047
Interest expense of
Financial Products 291 289 854 839
Other operating
expenses 315 275 892 760
Total operating costs 11,808 10,129 34,410 29,148
Operating profit 1,173 1,313 3,991 3,666
Interest expense
excluding Financial
Products 59 69 203 228
Other income (expense) 138 51 325 232
Consolidated profit
before taxes 1,252 1,295 4,113 3,670
Provision for income
taxes 395 395 1,249 1,155
Profit of consolidated
companies 857 900 2,864 2,515
Equity in profit (loss)
of unconsolidated
affiliated companies 11 27 32 51
Profit $868 $927 $2,896 $2,566
Profit per common
share $1.43 $1.45 $4.72 $4.00
Profit per common
share - diluted(1) $1.39 $1.40 $4.57 $3.87
Weighted average common
shares outstanding
(millions)
- Basic 607.0 638.3 613.2 641.0
- Diluted(1) 624.8 660.0 633.2 662.7
Cash dividends
declared per
common share $- $- $.78 $.66
(1) Diluted by assumed exercise of stock-based compensation awards using
the treasury stock method.
Caterpillar Inc.
Condensed Consolidated Statement of Financial Position
(Unaudited)
(Millions of dollars)
September 30, December 31,
2008 2007
Assets
Current assets:
Cash and short-term investments $2,138 $1,122
Receivables - trade and other 9,580 8,249
Receivables - finance 8,094 7,503
Deferred and refundable income taxes 839 816
Prepaid expenses and other current assets 583 583
Inventories 9,290 7,204
Total current assets 30,524 25,477
Property, plant and equipment - net 11,817 9,997
Long-term receivables - trade and other 685 685
Long-term receivables - finance 15,024 13,462
Investments in unconsolidated affiliated
companies 100 598
Noncurrent deferred and refundable income
taxes 1,337 1,553
Intangible assets 536 475
Goodwill 2,234 1,963
Other assets 1,972 1,922
Total assets $64,229 $56,132
Liabilities
Current liabilities:
Short-term borrowings:
-- Machinery and Engines $1,858 $187
-- Financial Products 6,315 5,281
Accounts payable 5,149 4,723
Accrued expenses 3,668 3,178
Accrued wages, salaries and employee benefits 1,115 1,126
Customer advances 1,946 1,442
Dividends payable - 225
Other current liabilities 1,112 951
Long-term debt due within one year:
-- Machinery and Engines 353 180
-- Financial Products 5,844 4,952
Total current liabilities 27,360 22,245
Long-term debt due after one year:
-- Machinery and Engines 4,265 3,639
-- Financial Products 15,529 14,190
Liability for postemployment benefits 4,796 5,059
Other liabilities 2,170 2,116
Total liabilities 54,120 47,249
Redeemable noncontrolling interest 464 -
Stockholders' equity
Common stock 2,993 2,744
Treasury stock (11,109) (9,451)
Profit employed in the business 19,673 17,398
Accumulated other comprehensive income (1,912) (1,808)
Total stockholders' equity 9,645 8,883
Total liabilities, redeemable noncontrolling
interest and stockholders' equity $64,229 $56,132
Caterpillar Inc.
Condensed Consolidated Statement of Cash Flow
(Unaudited)
(Millions of dollars)
Nine Months Ended
September 30,
2008 2007
Cash flow from operating activities:
Profit $2,896 $2,566
Adjustments for non-cash items:
Depreciation and amortization 1,453 1,301
Other 84 38
Changes in assets and liabilities:
Receivables - trade and other (676) 850
Inventories (1,380) (715)
Accounts payable and accrued expenses 790 268
Customer advances 321 541
Other assets - net 154 (89)
Other liabilities - net (372) 670
Net cash provided by (used for) operating
activities 3,270 5,430
Cash flow from investing activities:
Capital expenditures - excluding equipment
leased to others (1,362) (969)
Expenditures for equipment leased to others (1,082) (971)
Proceeds from disposals of property, plant and
equipment 754 302
Additions to finance receivables (11,168) (9,797)
Collections of finance receivables 7,402 7,908
Proceeds from the sale of finance receivables 710 800
Investments and acquisitions (net of cash
acquired) (139) (130)
Proceeds from sale of available-for-sale
securities 292 196
Investments in available-for-sale securities (270) (286)
Other - net 116 336
Net cash provided by (used for) investing
activities (4,747) (2,611)
Cash flow from financing activities:
Dividends paid (700) (617)
Common stock issued, including treasury shares
reissued 128 311
Payment for stock repurchase derivative
contracts (38) -
Treasury shares purchased (1,716) (1,485)
Excess tax benefit from stock-based
compensation 55 143
Proceeds from debt issued (original maturities
greater than three months) 14,020 7,506
Payments on debt (original maturities greater
than three months) (10,888) (7,923)
Short-term borrowings (original maturities
three months or less)-net 1,646 (374)
Net cash provided by (used for) financing
activities 2,507 (2,439)
Effect of exchange rate changes on cash (14) -
Increase (decrease) in cash and short-term
investments 1,016 380
Cash and short-term investments at beginning of
period 1,122 530
Cash and short-term investments at end of period $2,138 $910
Certain amounts for prior periods have been reclassified to conform to the
current period financial statement presentation.
All short-term investments, which consist primarily of highly liquid
investments with original maturities of three months or less, are
considered to be cash equivalents.
Caterpillar Inc.
Supplemental Data for Results of Operations
For The Three Months Ended September 30, 2008
(Unaudited)
(Millions of dollars)
Supplemental Consolidating Data
Machinery
and Financial Consolidating
Consolidated Engines(1) Products Adjustments
Sales and revenues:
Sales of Machinery
and Engines $12,148 $12,148 $- $-
Revenues of
Financial Products 833 - 897 (64)(2)
Total sales and
revenues 12,981 12,148 897 (64)
Operating costs:
Cost of goods sold 9,704 9,704 - -
Selling, general and
administrative
expenses 1,061 924 142 (5)(3)
Research and
development expenses 437 437 - -
Interest expense of
Financial Products 291 - 292 (1)(4)
Other operating
expenses 315 3 319 (7)(3)
Total operating
costs 11,808 11,068 753 (13)
Operating profit 1,173 1,080 144 (51)
Interest expense
excluding Financial
Products 59 59 - -(4)
Other income
(expense) 138 63 24 51(5)
Consolidated profit
before taxes 1,252 1,084 168 -
Provision for
income taxes 395 353 42 -
Profit of
consolidated
companies 857 731 126 -
Equity in profit (loss)
of unconsolidated
affiliated companies 11 12 (1) -
Equity in profit of
Financial Products'
subsidiaries - 125 - (125)(6)
Profit $868 $868 $125 $(125)
(1) Represents Caterpillar Inc. and its subsidiaries with Financial
Products accounted for on the equity basis.
(2) Elimination of Financial Products' revenues earned from Machinery
and Engines.
(3) Elimination of net expenses recorded by Machinery and Engines paid
to Financial Products.
(4) Elimination of interest expense recorded between Financial Products
and Machinery and Engines.
(5) Elimination of discount recorded by Machinery and Engines on
receivables sold to Financial Products and of interest earned
between Machinery and Engines and Financial Products.
(6) Elimination of Financial Products' profit due to equity method of
accounting.
Caterpillar Inc.
Supplemental Data for Results of Operations
For The Three Months Ended September 30, 2007
(Unaudited)
(Millions of dollars)
Supplemental Consolidating Data
Machinery
and Financial Consolidating
Consolidated Engines(1) Products Adjustments
Sales and revenues:
Sales of Machinery
and Engines $10,668 $10,668 $- $-
Revenues of
Financial Products 774 - 863 (89)(2)
Total sales and
revenues 11,442 10,668 863 (89)
Operating costs:
Cost of goods sold 8,270 8,270 - -
Selling, general and
administrative
expenses 938 831 112 (5)(3)
Research and
development expenses 357 357 - -
Interest expense of
Financial Products 289 - 291 (2)(4)
Other operating
expenses 275 - 282 (7)(3)
Total operating
costs 10,129 9,458 685 (14)
Operating profit 1,313 1,210 178 (75)
Interest expense
excluding Financial
Products 69 70 - (1)(4)
Other income (expense) 51 (41) 18 74(5)
Consolidated profit
before taxes 1,295 1,099 196 -
Provision for income
taxes 395 337 58 -
Profit of
consolidated
companies 900 762 138 -
Equity in profit
(loss) of
unconsolidated
affiliated companies 27 26 1 -
Equity in profit of
Financial Products'
subsidiaries - 139 - (139)(6)
Profit $927 $927 $139 $(139)
(1) Represents Caterpillar Inc. and its subsidiaries with Financial
Products accounted for on the equity basis.
(2) Elimination of Financial Products' revenues earned from Machinery
and Engines.
(3) Elimination of net expenses recorded by Machinery and Engines paid
to Financial Products.
(4) Elimination of interest expense recorded between Financial Products
and Machinery and Engines.
(5) Elimination of discount recorded by Machinery and Engines on
receivables sold to Financial Products and of interest earned
between Machinery and Engines and Financial Products.
(6) Elimination of Financial Products' profit due to equity method of
accounting.
Caterpillar Inc.
Supplemental Data for Results of Operations
For The Nine Months Ended September 30, 2008
(Unaudited)
(Millions of dollars)
Supplemental Consolidating Data
Machinery
and Financial Consolidating
Consolidated Engines(1) Products Adjustments
Sales and revenues:
Sales of Machinery
and Engines $35,924 $35,924 $- $-
Revenues of
Financial Products 2,477 - 2,719 (242)(2)
Total sales
and revenues 38,401 35,924 2,719 (242)
Operating costs:
Cost of goods sold 28,349 28,349 - -
Selling, general
and administrative
expenses 3,094 2,681 430 (17)(3)
Research and
development
expenses 1,221 1,221 - -
Interest expense of
Financial Products 854 - 857 (3)(4)
Other operating
expenses 892 (17) 927 (18)(3)
Total operating
costs 34,410 32,234 2,214 (38)
Operating profit 3,991 3,690 505 (204)
Interest expense
excluding
Financial Products 203 203 - -(4)
Other income (expense) 325 61 60 204(5)
Consolidated profit
before taxes 4,113 3,548 565 -
Provision for income
taxes 1,249 1,089 160 -
Profit of
consolidated
companies 2,864 2,459 405 -
Equity in profit
(loss) of
unconsolidated
affiliated
companies 32 33 (1) -
Equity in profit of
Financial Products'
subsidiaries - 404 - (404)(6)
Profit $2,896 $2,896 $404 $(404)
(1) Represents Caterpillar Inc. and its subsidiaries with Financial
Products accounted for on the equity basis.
(2) Elimination of Financial Products' revenues earned from Machinery
and Engines.
(3) Elimination of net expenses recorded by Machinery and Engines paid
to Financial Products.
(4) Elimination of interest expense recorded between Financial Products
and Machinery and Engines.
(5) Elimination of discount recorded by Machinery and Engines on
receivables sold to Financial Products and of interest earned
between Machinery and Engines and Financial Products.
(6) Elimination of Financial Products' profit due to equity method of
accounting.
Caterpillar Inc.
Supplemental Data for Results of Operations
For The Nine Months Ended September 30, 2007
(Unaudited)
(Millions of dollars)
Supplemental Consolidating Data
Machinery
and Financial Consolidating
Consolidated Engines(1) Products Adjustments
Sales and revenues:
Sales of Machinery
and Engines $30,602 $30,602 $- $-
Revenues of
Financial Products 2,212 - 2,508 (296)(2)
Total sales and
revenues 32,814 30,602 2,508 (296)
Operating costs:
Cost of goods sold 23,706 23,706 - -
Selling, general
and administrative
expenses 2,796 2,469 342 (15)(3)
Research and
development
expenses 1,047 1,047 - -
Interest expense
of Financial
Products 839 - 842 (3)(4)
Other operating
expenses 760 (14) 795 (21)(3)
Total operating
costs 29,148 27,208 1,979 (39)
Operating profit 3,666 3,394 529 (257)
Interest expense
excluding
Financial Products 228 233 - (5)(4)
Other income
(expense) 232 (77) 57 252(5)
Consolidated profit
before taxes 3,670 3,084 586 -
Provision for
income taxes 1,155 966 189 -
Profit of
consolidated
companies 2,515 2,118 397 -
Equity in profit
(loss) of
unconsolidated
affiliated companies 51 48 3 -
Equity in profit
of Financial
Products'
subsidiaries - 400 - (400)(6)
Profit $2,566 $2,566 $400 $(400)
(1) Represents Caterpillar Inc. and its subsidiaries with Financial
Products accounted for on the equity basis.
(2) Elimination of Financial Products' revenues earned from Machinery
and Engines.
(3) Elimination of net expenses recorded by Machinery and Engines paid
to Financial Products.
(4) Elimination of interest expense recorded between Financial Products
and Machinery and Engines.
(5) Elimination of discount recorded by Machinery and Engines on
receivables sold to Financial Products and of interest earned
between Machinery and Engines and Financial Products.
(6) Elimination of Financial Products' profit due to equity method of
accounting.
Caterpillar Inc.
Supplemental Data for Cash Flow
For The Nine Months Ended September 30, 2008
(Unaudited)
(Millions of dollars)
Supplemental Consolidating Data
Machinery
and Financial Consolidating
Consolidated Engines(1) Products Adjustments
Cash flow from
operating
activities:
Profit $2,896 $2,896 $404 $(404)(2)
Adjustments for
non-cash items:
Depreciation and
amortization 1,453 879 574 -
Undistributed
profit of
Financial
Products - (404) - 404(3)
Other 84 151 (199) 132(4)
Changes in assets
and liabilities:
Receivables -
trade and other (676) (489) (30) (157)(4,5)
Inventories (1,380) (1,380) - -
Accounts payable
and accrued
expenses 790 557 161 72(4)
Customer advances 321 321 - -
Other assets - net 154 52 (26) 128(4)
Other liabilities -
net (372) (240) (13) (119)(4)
Net cash provided by
(used for) operating
activities 3,270 2,343 871 56
Cash flow from
investing activities:
Capital expenditures
- excluding
equipment
leased to
others (1,362) (1,345) (17) -
Expenditures for
equipment leased
to others (1,082) - (1,101) 19(4)
Proceeds from
disposals of
property, plant
and equipment 754 27 727 -(4)
Additions to
finance
receivables (11,168) - (29,272) 18,104(5)
Collections of
finance
receivables 7,402 - 24,430 (17,028)(5)
Proceeds from
sale of finance
receivables 710 - 1,861 (1,151)(5)
Net intercompany
borrowings - 239 (6) (233)(6)
Investments and
acquisitions (net
of cash acquired) (139) (139) - -(7)
Proceeds from
sale of available-
for-sale securities 292 20 272 -
Investments in
available-for-
sale securities (270) (14) (256) -
Other - net 116 151 (35) -(7)
Net cash provided
by (used for)
investing activities (4,747) (1,061) (3,397) (289)
Cash flow from
financing activities:
Dividends paid (700) (700) - -(8)
Common stock issued,
including treasury
shares reissued 128 128 - -(7)
Payment for stock
repurchase
derivative
contracts (38) (38) - -
Treasury shares
purchased (1,716) (1,716) - -
Excess tax benefit
from stock-based
compensation 55 55 - -
Net intercompany
borrowings - 6 (239) 233(6)
Proceeds from debt
issued (original
maturities
greater than
three months) 14,020 49 13,971 -
Payments on debt
(original
maturities
greater than
three months) (10,888) (173) (10,715) -
Short-term
borrowings
(original
maturities
three months
or less)-net 1,646 1,219 427 -
Net cash provided
by (used for)
financing activities 2,507 (1,170) 3,444 233
Effect of exchange
rate changes on cash (14) (9) (5) -
Increase (decrease) in
cash and short-term
investments 1,016 103 913 -
Cash and short-term
investments at
beginning of period 1,122 862 260 -
Cash and short-term
investments at end
of period $2,138 $965 $1,173 $-
(1) Represents Caterpillar Inc. and its subsidiaries with Financial
Products accounted for on the equity basis.
(2) Elimination of Financial Products' profit after tax due to equity
method of accounting.
(3) Non-cash adjustment for the undistributed earnings from Financial
Products.
(4) Elimination of non-cash adjustments and changes in assets and
liabilities related to consolidated reporting.
(5) Reclassification of Cat Financial's cash flow activity from
investing to operating for receivables that arose from the sale of
inventory.
(6) Net proceeds and payments to/from Machinery and Engines and
Financial Products.
(7) Change in investment and common stock related to Financial Products.
(8) Elimination of dividends from Financial Products to Machinery and
Engines.
Caterpillar Inc.
Supplemental Data for Cash Flow
For The Nine Months Ended September 30, 2007
(Unaudited)
(Millions of dollars)
Supplemental Consolidating Data
Machinery
and Financial Consolidating
Consolidated Engines(1) Products Adjustments
Cash flow from
operating activities:
Profit $2,566 $2,566 $400 $(400)(2)
Adjustments for
non-cash items:
Depreciation and
amortization 1,301 784 517 -
Undistributed
profit of
Financial
Products - (400) - 400(3)
Other 38 88 (276) 226(4)
Changes in assets
and liabilities:
Receivables -
trade and other 850 (448) 5 1,293(4,5)
Inventories (715) (715) - -
Accounts payable
and accrued
expenses 268 30 202 36(4)
Customer advances 541 541 - -
Other assets - net (89) (59) (12) (18)(4)
Other liabilities -
net 670 630 47 (7)(4)
Net cash provided
by (used for)
operating
activities 5,430 3,017 883 1,530
Cash flow from
investing activities:
Capital expenditures -
excluding equipment
leased to others (969) (956) (13) -
Expenditures for
equipment leased
to others (971) - (978) 7(4)
Proceeds from
disposals of
property, plant
and equipment 302 14 292 (4)(4)
Additions to
finance
receivables (9,797) - (26,452) 16,655(5)
Collections of
finance receivables 7,908 - 25,020 (17,112)(5)
Proceeds from sale
of finance
receivables 800 - 1,888 (1,088)(5)
Net intercompany
borrowings - 13 1 (14)(6)
Investments and
acquisitions
(net of cash
acquired) (130) (138) - 8(7)
Proceeds from
sale of available-
for-sale securities 196 17 179 -
Investments in
available-for-
sale securities (286) (19) (267) -
Other - net 336 101 237 (2)(7)
Net cash provided by
(used for) investing
activities (2,611) (968) (93) (1,550)
Cash flow from
financing activities:
Dividends paid (617) (617) (4) 4(8)
Common stock issued,
including treasury
shares reissued 311 311 (2) 2(7)
Payment for stock
repurchase
derivative
contracts - - - -
Treasury shares
purchased (1,485) (1,485) - -
Excess tax benefit
from stock-based
compensation 143 143 - -
Net intercompany
borrowings - (1) (13) 14(6)
Proceeds from debt
issued (original
maturities
greater than
three months) 7,506 125 7,381 -
Payments on
debt (original
maturities
greater than
three months) (7,923) (169) (7,754) -
Short-term
borrowings
(original
maturities
three months
or less)-net (374) (84) (290) -
Net cash provided
by (used for)
financing activities (2,439) (1,777) (682) 20
Effect of exchange
rate changes on cash - (9) 9 -
Increase (decrease)
in cash and short-
term investments 380 263 117 -
Cash and short-term
investments at
beginning of period 530 319 211 -
Cash and short-term
investments at
end of period $910 $582 $328 $-
(1) Represents Caterpillar Inc. and its subsidiaries with Financial
Products accounted for on the equity basis.
(2) Elimination of Financial Products' profit after tax due to equity
method of accounting.
(3) Non-cash adjustment for the undistributed earnings from Financial
Products.
(4) Elimination of non-cash adjustments and changes in assets and
liabilities related to consolidated reporting.
(5) Reclassification of Cat Financial's cash flow activity from
investing to operating for receivables that arose from the sale of
inventory.
(6) Net proceeds and payments to/from Machinery and Engines and
Financial Products.
(7) Change in investment and common stock related to Financial Products.
(8) Elimination of dividends from Financial Products to Machinery and
Engines.
DATASOURCE: Caterpillar Inc.
Web site: http://www.cat.com/