Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company 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 (quarterly data)

US$ in millions

	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Cash and cash equivalents	5,442)	3,562)	6,889)	5,638)	4,341)	4,959)	6,978)	6,545)	7,387)	6,789)	7,004)	6,346)	6,014)	6,526)	9,254)	9,446)	10,831)	11,342)	9,352)	9,315)	8,784)	7,123)
Receivables, trade and other	9,704)	9,116)	9,282)	9,086)	9,421)	9,296)	9,310)	9,134)	9,416)	9,230)	8,856)	8,158)	8,393)	9,135)	8,477)	7,647)	7,840)	7,955)	7,317)	6,969)	7,134)	7,834)
Receivables, finance	10,147)	9,655)	9,565)	9,816)	9,516)	9,446)	9,510)	9,608)	9,288)	9,119)	9,013)	8,918)	8,922)	9,003)	8,898)	8,919)	9,523)	9,333)	9,463)	8,966)	8,781)	9,120)
Prepaid expenses and other current assets	2,867)	2,824)	3,119)	3,094)	2,736)	3,010)	4,586)	5,138)	3,163)	2,889)	2,642)	2,295)	2,772)	2,868)	2,788)	2,215)	2,080)	1,802)	1,930)	1,831)	1,792)	1,761)
Inventories	18,595)	17,862)	16,827)	17,312)	17,082)	16,953)	16,565)	17,580)	17,746)	17,633)	16,270)	16,860)	15,881)	15,038)	14,038)	13,666)	12,672)	12,149)	11,402)	11,453)	11,371)	11,748)
Current assets	46,755)	43,019)	45,682)	44,946)	43,096)	43,664)	46,949)	48,005)	47,000)	45,660)	43,785)	42,577)	41,982)	42,570)	43,455)	41,893)	42,946)	42,581)	39,464)	38,534)	37,862)	37,586)
Property, plant and equipment, net	13,896)	13,432)	13,361)	12,837)	12,582)	12,538)	12,680)	12,287)	12,124)	11,973)	12,028)	11,643)	11,744)	11,932)	12,090)	11,904)	12,014)	12,132)	12,401)	12,232)	12,357)	12,488)
Long-term receivables, trade and other	1,607)	1,261)	1,225)	1,346)	1,181)	1,200)	1,238)	1,110)	1,161)	1,209)	1,265)	1,278)	1,197)	1,204)	1,204)	1,273)	1,206)	1,115)	1,185)	1,149)	1,167)	1,196)
Long-term receivables, finance	13,835)	13,452)	13,242)	13,263)	12,797)	12,531)	12,664)	11,907)	12,022)	11,845)	12,013)	11,859)	12,372)	12,665)	12,707)	12,605)	12,590)	11,966)	12,222)	12,209)	12,560)	12,021)
Noncurrent deferred and refundable income taxes	3,427)	3,334)	3,312)	3,050)	2,920)	2,860)	2,816)	2,719)	2,607)	2,405)	2,213)	2,218)	2,121)	1,973)	1,840)	1,744)	1,455)	1,391)	1,523)	1,440)	1,459)	1,426)
Intangible assets	321)	361)	399)	448)	488)	516)	564)	604)	630)	694)	758)	806)	889)	967)	1,042)	1,121)	1,176)	1,246)	1,308)	1,363)	1,420)	1,478)
Goodwill	5,331)	5,270)	5,241)	5,317)	5,264)	5,277)	5,308)	5,268)	5,293)	5,309)	5,288)	6,092)	6,195)	6,293)	6,324)	6,353)	6,372)	6,343)	6,394)	6,304)	6,192)	6,140)
Other assets	5,153)	4,845)	5,302)	5,066)	5,008)	5,155)	5,257)	4,891)	4,590)	4,554)	4,593)	4,434)	4,607)	4,672)	4,131)	3,891)	3,938)	3,955)	3,827)	3,510)	3,549)	3,559)
Noncurrent assets	43,570)	41,955)	42,082)	41,327)	40,240)	40,077)	40,527)	38,786)	38,427)	37,989)	38,158)	38,330)	39,125)	39,706)	39,338)	38,891)	38,751)	38,148)	38,860)	38,207)	38,704)	38,308)
Total assets	90,325)	84,974)	87,764)	86,273)	83,336)	83,741)	87,476)	86,791)	85,427)	83,649)	81,943)	80,907)	81,107)	82,276)	82,793)	80,784)	81,697)	80,729)	78,324)	76,741)	76,566)	75,894)

Cash and cash equivalents: The cash and cash equivalents show a fluctuating trend over the periods. Initial growth is observed from March 2020 through December 2020, peaking around 11,342 million USD in March 2021, followed by declines and intermittent increases. Notably, there is a downward trend starting in December 2023 through March 2025, where the amount reduces to 3,562 million USD before a partial recovery to 5,442 million USD.
Receivables, trade and other: Trade and other receivables generally increase over time, with some volatility. A steady rise is evident from March 2020 to December 2023, peaking at over 9,416 million USD. This is followed by a slight dip but overall stability by June 2025 at 9,704 million USD.
Receivables, finance: Finance receivables remain relatively stable across the timeline, fluctuating mildly between 8,781 million USD and approximately 10,147 million USD. There is a modest upward drift observed from September 2023 onward, reaching its highest value towards the end of the dataset.
Prepaid expenses and other current assets: Prepaid expenses and other current assets display an increasing pattern with significant growth in late 2023 (notably the jump to 5,138 million USD in September 2023), followed by a reduction in early 2024 and some stabilization around low 2,800 to 3,100 million USD levels turning into June 2025.
Inventories: Inventories show consistent growth over the years, rising from 11,748 million USD in March 2020 to 18,595 million USD by June 2025. This suggests an accumulation of stock or increased production/input over time, despite some minor decreases toward the end of certain years.
Current assets: Current assets grow considerably from 37,586 million USD in March 2020 to a peak of 48,005 million USD in September 2023, then experience declines before a moderate increase again by June 2025. The growth trend aligns with increases in receivables and inventories.
Property, plant and equipment, net: Net property, plant, and equipment present minor fluctuations with generally stable values between roughly 11,904 and 13,896 million USD across the periods. There is a slight upward trend in the latter part of the timeline indicating moderate capital investment or asset appreciation.
Long-term receivables, trade and other: Long-term trade receivables are modest in scale compared to current receivables, showing minor volatility but no clear directional trend. Values remain mostly around 1,100 to 1,600 million USD, with slight increases toward the end of the dataset.
Long-term receivables, finance: Finance-related long-term receivables appear stable with mild growth, ranging from approximately 11,966 million USD in March 2021 to 13,835 million USD by June 2025. The stability signals consistent long-term financing arrangements or slow accumulation without substantial new changes.
Noncurrent deferred and refundable income taxes: These deferred tax assets increase steadily from about 1,426 million USD in early 2020 to 3,427 million USD by mid-2025, suggesting rising recognized tax benefits or timing differences in tax accounting.
Intangible assets: Intangible assets display a clear declining trend, falling from 1,478 million USD in early 2020 to just 321 million USD by June 2025. This decline may reflect amortization, impairment, or disposals of intangible assets over the period.
Goodwill: Goodwill remains relatively stable with minor fluctuations, mostly in the range of 5,200 to 6,400 million USD, but generally trending slightly downward after peaking in late 2020. This stability indicates no major acquisitions or goodwill impairments occurring recently.
Other assets: Other assets fluctuate moderately, frequently staying near the 4,500 to 5,300 million USD range, with a modest increase toward the end of the period, suggesting stability with occasional asset reclassifications or acquisitions.
Noncurrent assets: Noncurrent assets are steady with slight variability around 38,000 to 43,500 million USD, showing modest growth toward the final periods. This is consistent with stable investment in long-term assets and accumulated depreciation offsetting new additions.
Total assets: Total assets rise from approximately 75,894 million USD at the start of the period to a high of around 87,476 million USD by December 2023, followed by some decline and renewed growth ending near 90,325 million USD in mid-2025. The overall increasing trend reflects asset growth driven by expanding inventories, receivables, and current assets despite fluctuations in cash and intangible assets.

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Caterpillar Inc. (NYSE:CAT)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data