Stock Analysis on Net
Stock Analysis on Net
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Caterpillar Inc. (NYSE:CAT)

Balance Sheet: Assets

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Caterpillar Inc., consolidated balance sheet: assets

US$ in millions

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Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Cash and short-term investments 8,284  7,857  8,261  7,168  6,460 
Receivables, trade and other 8,568  8,802  7,436  5,981  6,695 
Receivables, finance 9,336  8,650  8,757  8,522  8,991 
Deferred and refundable income taxes —  —  —  —  1,526 
Prepaid expenses and other current assets 1,739  1,765  1,772  1,682  1,046 
Inventories 11,266  11,529  10,018  8,614  9,700 
Current assets 39,193  38,603  36,244  31,967  34,418 
Property, plant and equipment, net 12,904  13,574  14,155  15,322  16,090 
Long-term receivables, trade and other 1,193  1,161  990  1,029  1,170 
Long-term receivables, finance 12,651  13,286  13,542  13,556  13,651 
Noncurrent deferred and refundable income taxes 1,411  1,439  1,693  2,790  1,654 
Intangible assets 1,565  1,897  2,111  2,349  2,821 
Goodwill 6,196  6,217  6,200  6,020  6,615 
Other assets 3,340  2,332  2,027  1,671  2,078 
Noncurrent assets 39,260  39,906  40,718  42,737  44,079 
Total assets 78,453  78,509  76,962  74,704  78,497 

Based on: 10-K (filing date: 2020-02-19), 10-K (filing date: 2019-02-14), 10-K (filing date: 2018-02-15), 10-K (filing date: 2017-02-15), 10-K (filing date: 2016-02-16).

Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Caterpillar Inc.’s current assets increased from 2017 to 2018 and from 2018 to 2019.
Property, plant and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Caterpillar Inc.’s property, plant and equipment, net decreased from 2017 to 2018 and from 2018 to 2019.
Noncurrent assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Caterpillar Inc.’s noncurrent assets decreased from 2017 to 2018 and from 2018 to 2019.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Caterpillar Inc.’s total assets increased from 2017 to 2018 but then slightly decreased from 2018 to 2019.

Current Assets: Selected Items

Balance sheet item Description The company
Receivables, trade and other Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Caterpillar Inc.’s receivables, trade and other increased from 2017 to 2018 but then slightly decreased from 2018 to 2019.
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Caterpillar Inc.’s inventories increased from 2017 to 2018 but then slightly decreased from 2018 to 2019.