CAT Q3 2017 Earnings Report — Caterpillar Inc. Revenue & Financial Results | Market Cap Arena

Caterpillar Inc.CAT

Q3 2017 Earnings

Reported November 1, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2017	Q2 2017	Q3 2016	QoQ Change	YoY Change
Revenue	$11.4B	$11.3B	$9.2B	0.7%	24.6%
Op. Income	$1.5B	$1.2B	$481M	27.4%	213.7%
Gross Margin	31.3%	29.6%	27.1%	1.7pp	4.2pp
Net Margin	9.3%	7.1%	3.1%	2.2pp	6.2pp
EPS (Diluted)	$1.77	$1.35	$0.48	31.1%	268.8%
Free Cash Flow	$728M	$1.8B	$576M	-58.8%	26.4%

Revenue Flow

Item	Amount
REVENUE	$11.4B
Cost of Revenue	$7.8B
GROSS PROFIT	$3.6B
R&D Expenses	$461M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.3B
Other Expenses	$348M
Operating Expenses	$2.1B
Cost & Expenses	$9.9B
OPERATING INCOME	$1.5B
Interest Income	$32M
Interest Expense	$116M
Other Income/Expenses	$22M
INCOME BEFORE TAX	$1.5B
Income Tax Expense	$470M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$723M
EBIT	$1.6B
EBITDA	$2.4B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$11.4B
Cost of Revenue	$7.8B
GROSS PROFIT	$3.6B
R&D Expenses	$461M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.3B
Other Expenses	$348M
Operating Expenses	$2.1B
Cost & Expenses	$9.9B
OPERATING INCOME	$1.5B
Interest Income	$32M
Interest Expense	$116M
Other Income/Expenses	$22M
INCOME BEFORE TAX	$1.5B
Income Tax Expense	$470M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$723M
EBIT	$1.6B
EBITDA	$2.4B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$723M
Stock-Based Compensation	$48M
Deferred Income Tax	$0
Other Non-Cash Items	$58M
Change in Working Capital	-$649M
OPERATING CASH FLOW	$1.2B
Capital Expenditure	-$513M
Acquisitions (Net)	$2M
Purchases of Investments	-$413M
Sales/Maturities of Investments	$244M
Other Investing Activities	$211M
NET CASH FROM INVESTING	-$274M
Net Debt Issuance	-$1.4B
Common Stock Repurchased	$0
Common Dividends Paid	-$461M
Other Financing Activities	-$1M
NET CASH FROM FINANCING	-$1.6B
FREE CASH FLOW	$728M
Net Change in Cash	-$626M

Balance Sheet

Item	Amount
Cash & Equivalents	$0
Short-Term Investments	$0
Net Receivables	$15.7B
Inventory	$10.2B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$37.2B
PP&E (Net)	$14.2B
Goodwill	$6.2B
Intangible Assets	$2.2B
Long-Term Investments	$0
Tax Assets	$2.8B
Other Non-Current Assets	$16.0B
TOTAL NON-CURRENT ASSETS	$41.4B
TOTAL ASSETS	$78.6B
Account Payables	$6.1B
Short-Term Debt	$11.1B
Deferred Revenue	$1.5B
Other Current Liabilities	$1.7B
TOTAL CURRENT LIABILITIES	$25.9B
Long-Term Debt	$24.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$12.1B
TOTAL NON-CURRENT LIABILITIES	$37.0B
TOTAL LIABILITIES	$62.9B
Common Stock	$5.5B
Additional Paid-In Capital	$0
Retained Earnings	$28.5B
Treasury Stock	-$17.1B
Accum. Other Comp. Income	-$1.2B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$15.6B
Minority Interest	$70M
TOTAL EQUITY	$15.7B
TOTAL LIABILITIES & EQUITY	$78.6B
Total Debt	$35.9B
Net Debt	$35.9B