CAT FY 2019 Earnings Report — Caterpillar Inc. Revenue & Financial Results | Market Cap Arena

Caterpillar Inc.CAT

FY 2019 Earnings

Reported February 19, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$53.8B	—	$54.7B	—	-1.7%
Op. Income	$8.3B	—	$8.3B	—	-0.0%
Gross Margin	30.5%	—	31.1%	—	-0.6pp
Net Margin	11.3%	—	11.2%	—	0.1pp
EPS (Diluted)	$10.74	—	$10.26	—	4.7%
Free Cash Flow	$4.2B	—	$3.6B	—	16.5%

Revenue Flow

Item	Amount
REVENUE	$53.8B
Cost of Revenue	$37.4B
GROSS PROFIT	$16.4B
R&D Expenses	$1.7B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$5.2B
Other Expenses	$1.3B
Operating Expenses	$8.1B
Cost & Expenses	$45.5B
OPERATING INCOME	$8.3B
Interest Income	$202M
Interest Expense	$417M
Other Income/Expenses	-$450M
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	$2.6B
EBIT	$8.2B
EBITDA	$10.8B
EPS	$11
EPS Diluted	$11

Income Statement

Item	Amount
REVENUE	$53.8B
Cost of Revenue	$37.4B
GROSS PROFIT	$16.4B
R&D Expenses	$1.7B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$5.2B
Other Expenses	$1.3B
Operating Expenses	$8.1B
Cost & Expenses	$45.5B
OPERATING INCOME	$8.3B
Interest Income	$202M
Interest Expense	$417M
Other Income/Expenses	-$450M
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	$2.6B
EBIT	$8.2B
EBITDA	$10.8B
EPS	$11
EPS Diluted	$11

Cash Flow Statement

Item	Amount
Net Income	$6.1B
Depreciation & Amortization	$2.6B
Stock-Based Compensation	$205M
Deferred Income Tax	$28M
Other Non-Cash Items	$938M
Change in Working Capital	-$2.9B
OPERATING CASH FLOW	$6.9B
Capital Expenditure	-$2.7B
Acquisitions (Net)	$41M
Purchases of Investments	-$599M
Sales/Maturities of Investments	$529M
Other Investing Activities	-$286M
NET CASH FROM INVESTING	-$1.9B
Net Debt Issuance	$1.4B
Common Stock Repurchased	-$4.0B
Common Dividends Paid	-$2.1B
Other Financing Activities	-$3M
NET CASH FROM FINANCING	-$4.5B
FREE CASH FLOW	$4.2B
Net Change in Cash	$402M

Balance Sheet

Item	Amount
Cash & Equivalents	$8.3B
Short-Term Investments	$0
Net Receivables	$17.9B
Inventory	$11.3B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$39.2B
PP&E (Net)	$12.9B
Goodwill	$6.2B
Intangible Assets	$1.6B
Long-Term Investments	$0
Tax Assets	$1.4B
Other Non-Current Assets	$17.2B
TOTAL NON-CURRENT ASSETS	$39.3B
TOTAL ASSETS	$78.5B
Account Payables	$6.0B
Short-Term Debt	$11.4B
Deferred Revenue	$1.2B
Other Current Liabilities	$2.2B
TOTAL CURRENT LIABILITIES	$26.6B
Long-Term Debt	$26.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$10.9B
TOTAL NON-CURRENT LIABILITIES	$37.2B
TOTAL LIABILITIES	$63.8B
Common Stock	$5.9B
Additional Paid-In Capital	$0
Retained Earnings	$34.4B
Treasury Stock	-$24.2B
Accum. Other Comp. Income	-$1.6B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$14.6B
Minority Interest	$41M
TOTAL EQUITY	$14.6B
TOTAL LIABILITIES & EQUITY	$78.5B
Total Debt	$37.7B
Net Debt	$37.7B