CAT FY 2018 Earnings Report — Caterpillar Inc. Revenue & Financial Results | Market Cap Arena

Caterpillar Inc.CAT

FY 2018 Earnings

Reported February 14, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$54.7B	—	—	—	—
Op. Income	$8.3B	—	—	—	—
Gross Margin	31.1%	—	—	—	—
Net Margin	11.2%	—	—	—	—
EPS (Diluted)	$10.26	—	—	—	—
Free Cash Flow	$3.6B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$54.7B
Cost of Revenue	$37.7B
GROSS PROFIT	$17.0B
R&D Expenses	$1.9B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$5.5B
Other Expenses	$1.4B
Operating Expenses	$8.7B
Cost & Expenses	$46.4B
OPERATING INCOME	$8.3B
Interest Income	$195M
Interest Expense	$401M
Other Income/Expenses	-$447M
INCOME BEFORE TAX	$7.8B
Income Tax Expense	$1.7B
Net Income from Continuing Ops	$6.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$6.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$6.1B
D&A	$2.8B
EBIT	$8.2B
EBITDA	$11.0B
EPS	$10
EPS Diluted	$10

Income Statement

Item	Amount
REVENUE	$54.7B
Cost of Revenue	$37.7B
GROSS PROFIT	$17.0B
R&D Expenses	$1.9B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$5.5B
Other Expenses	$1.4B
Operating Expenses	$8.7B
Cost & Expenses	$46.4B
OPERATING INCOME	$8.3B
Interest Income	$195M
Interest Expense	$401M
Other Income/Expenses	-$447M
INCOME BEFORE TAX	$7.8B
Income Tax Expense	$1.7B
Net Income from Continuing Ops	$6.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$6.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$6.1B
D&A	$2.8B
EBIT	$8.2B
EBITDA	$11.0B
EPS	$10
EPS Diluted	$10

Cash Flow Statement

Item	Amount
Net Income	$6.1B
Depreciation & Amortization	$2.8B
Stock-Based Compensation	$198M
Deferred Income Tax	$220M
Other Non-Cash Items	$1.3B
Change in Working Capital	-$4.1B
OPERATING CASH FLOW	$6.6B
Capital Expenditure	-$2.9B
Acquisitions (Net)	$16M
Purchases of Investments	-$898M
Sales/Maturities of Investments	$442M
Other Investing Activities	-$1.1B
NET CASH FROM INVESTING	-$3.2B
Net Debt Issuance	$1.8B
Common Stock Repurchased	-$3.8B
Common Dividends Paid	-$2.0B
Other Financing Activities	-$54M
NET CASH FROM FINANCING	-$3.6B
FREE CASH FLOW	$3.6B
Net Change in Cash	-$430M

Balance Sheet

Item	Amount
Cash & Equivalents	$7.9B
Short-Term Investments	$0
Net Receivables	$17.5B
Inventory	$11.5B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$38.6B
PP&E (Net)	$13.6B
Goodwill	$6.2B
Intangible Assets	$1.9B
Long-Term Investments	$0
Tax Assets	$1.4B
Other Non-Current Assets	$16.8B
TOTAL NON-CURRENT ASSETS	$39.9B
TOTAL ASSETS	$78.5B
Account Payables	$7.1B
Short-Term Debt	$11.6B
Deferred Revenue	$1.2B
Other Current Liabilities	$1.9B
TOTAL CURRENT LIABILITIES	$28.2B
Long-Term Debt	$24.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$11.2B
TOTAL NON-CURRENT LIABILITIES	$36.2B
TOTAL LIABILITIES	$64.4B
Common Stock	$5.8B
Additional Paid-In Capital	$0
Retained Earnings	$30.4B
Treasury Stock	-$20.5B
Accum. Other Comp. Income	-$1.7B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$14.0B
Minority Interest	$41M
TOTAL EQUITY	$14.1B
TOTAL LIABILITIES & EQUITY	$78.5B
Total Debt	$36.6B
Net Debt	$28.7B