Stock Analysis on Net

Caterpillar Inc. (NYSE:CAT)

Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Caterpillar Inc., consolidated cash flow statement

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Profit of consolidated and affiliated companies 10,332 6,704 6,493 3,003 6,094
Depreciation and amortization 2,144 2,219 2,352 2,432 2,577
Actuarial (gain) loss on pension and postretirement benefits (97) (606) (833) 383 468
Provision (benefit) for deferred income taxes (592) (377) (383) (74) 28
Loss on divestiture 572
Goodwill impairment charge 925
Other 375 701 216 1,000 675
Adjustments for non-cash items 2,402 2,862 1,352 3,741 3,748
Receivables, trade and other (437) (220) (1,259) 1,442 171
Inventories (364) (2,589) (2,586) (34) 274
Accounts payable (754) 798 2,041 98 (1,025)
Accrued expenses 796 317 196 (366) 172
Accrued wages, salaries and employee benefits 486 90 1,107 (544) (757)
Customer advances 80 768 34 (126) (10)
Other assets, net (95) (210) (97) (201) (93)
Other liabilities, net 439 (754) (83) (686) (1,662)
Changes in assets and liabilities, net of acquisitions and divestitures 151 (1,800) (647) (417) (2,930)
Net cash provided by operating activities 12,885 7,766 7,198 6,327 6,912
Capital expenditures, excluding equipment leased to others (1,597) (1,296) (1,093) (978) (1,056)
Expenditures for equipment leased to others (1,495) (1,303) (1,379) (1,137) (1,613)
Proceeds from disposals of leased assets and property, plant and equipment 781 830 1,265 772 1,153
Additions to finance receivables (15,161) (13,239) (13,002) (12,385) (12,777)
Collections of finance receivables 14,034 13,177 12,430 12,646 12,183
Proceeds from sale of finance receivables 63 57 51 42 235
Investments and acquisitions, net of cash acquired (75) (88) (490) (111) (47)
Proceeds from sale of businesses and investments, net of cash sold (4) 1 36 25 41
Proceeds from maturities and sale of securities 1,891 2,383 785 345 529
Investments in securities (4,405) (3,077) (1,766) (638) (552)
Other, net 97 14 79 (66) (24)
Net cash used for investing activities (5,871) (2,541) (3,084) (1,485) (1,928)
Dividends paid (2,563) (2,440) (2,332) (2,243) (2,132)
Common stock issued, including treasury shares reissued 12 51 135 229 238
Common shares repurchased (4,975) (4,230) (2,668) (1,130) (4,047)
Machinery, Energy & Transportation 494 1,991 1,479
Financial Products 8,257 6,674 6,495 8,440 8,362
Proceeds from debt issued, original maturities greater than three months 8,257 6,674 6,989 10,431 9,841
Machinery, Energy & Transportation (106) (25) (1,919) (26) (12)
Financial Products (6,212) (7,703) (7,877) (8,211) (8,285)
Payments on debt, original maturities greater than three months (6,318) (7,728) (9,796) (8,237) (8,297)
Short-term borrowings, net, original maturities three months or less (1,345) 402 3,488 (2,804) (138)
Other, net (10) (4) (1) (3)
Net cash used for financing activities (6,932) (7,281) (4,188) (3,755) (4,538)
Effect of exchange rate changes on cash (110) (194) (29) (13) (44)
Increase (decrease) in cash, cash equivalents and restricted cash (28) (2,250) (103) 1,074 402
Cash, cash equivalents and restricted cash at beginning of period 7,013 9,263 9,366 8,292 7,890
Cash, cash equivalents and restricted cash at end of period 6,985 7,013 9,263 9,366 8,292

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Cash flow statement item Description The company
Net cash provided by operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Caterpillar Inc. net cash provided by operating activities increased from 2021 to 2022 and from 2022 to 2023.
Net cash used for investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Caterpillar Inc. net cash used for investing activities increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Net cash used for financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Caterpillar Inc. net cash used for financing activities decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.