Income Statement Quarterly Data

Difficulty: Beginner

The income statement presents information on the financial results of a company's business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Caterpillar Inc., Consolidated Income Statement (quarterly data)

USD $ in millions

 
3 months ended Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013
Sales of Machinery, Energy & Transportation 12,150  12,194  10,713  10,639  9,130  8,885  8,463  9,645  8,780  10,318  10,285  11,583  11,961  13,500  12,758  13,391  12,493  13,646  12,678  13,886  12,484 
Cost of goods sold (8,566) (8,889) (7,633) (7,769) (6,758) (7,541) (6,527) (7,419) (6,822) (8,183) (7,954) (8,762) (8,843) (10,499) (9,634) (10,197) (9,437) (10,541) (9,774) (10,773) (9,639)
Gross margin 3,584  3,305  3,080  2,870  2,372  1,344  1,936  2,226  1,958  2,135  2,331  2,821  3,118  3,001  3,124  3,194  3,056  3,105  2,904  3,113  2,845 
Revenues of Financial Products 709  702  700  692  692  689  697  697  681  712  677  734  741  744  791  759  748  756  745  735  726 
Selling, general and administrative expenses (1,276) (1,606) (1,237) (1,289) (1,045) (1,483) (992) (1,123) (1,088) (1,267) (1,225) (1,389) (1,318) (1,522) (1,446) (1,437) (1,292) (1,417) (1,319) (1,421) (1,390)
Research and development expenses (443) (579) (455) (453) (418) (522) (453) (468) (508) (553) (534) (532) (546) (578) (533) (516) (508) (467) (469) (548) (562)
Interest expense of Financial Products (166) (162) (163) (162) (159) (149) (147) (148) (152) (147) (142) (148) (150) (154) (157) (153) (160) (175) (178) (185) (189)
Goodwill impairment charge (595)
Other operating income (expenses) (300) (499) (348) (407) (1,025) (546) (560) (399) (397) (994) (394) (356) (318) (428) (387) (372) (446) (350) (282) (137) (212)
Operating profit 2,108  1,161  1,577  1,251  417  (1,262) 481  785  494  (114) 713  1,130  1,527  1,063  1,392  1,475  1,398  1,452  1,401  1,557  1,218 
Interest expense excluding Financial Products (101) (169) (118) (121) (123) (120) (126) (130) (129) (126) (127) (125) (129) (126) (128) (120) (110) (109) (116) (120) (120)
Other income (expense) 127  119  64  29  (5) 34  28  84  30  (68) (13) 157  117  65  54  44  (24) (84) 29 
Consolidated profit before taxes 2,134  1,111  1,523  1,159  289  (1,348) 383  739  365  (210) 518  992  1,555  940  1,381  1,420  1,342  1,387  1,261  1,353  1,127 
Provision for income taxes (472) (2,418) (470) (361) (90) 180  (96) (184) (92) 128  (144) (283) (443) (179) (364) (419) (418) (376) (310) (387) (246)
Profit (loss) of consolidated companies 1,662  (1,307) 1,053  798  199  (1,168) 287  555  273  (82) 374  709  1,112  761  1,017  1,001  924  1,011  951  966  881 
Equity in profit (loss) of unconsolidated affiliated companies (5) (4) (2) (1) (1) (3) (5) (1) (1)
Profit (loss) of consolidated and affiliated companies 1,667  (1,299) 1,061  803  194  (1,167) 283  553  272  (83) 371  711  1,114  763  1,021  1,002  925  1,006  950  965  882 
Profit attributable to noncontrolling interests (2) (2) (1) (2) (4) (3) (1) (4) (3) (1) (3) (6) (4) (3) (3) (3) (4) (5) (2)
Profit (loss) attributable to common stockholders 1,665  (1,299) 1,059  802  192  (1,171) 283  550  271  (87) 368  710  1,111  757  1,017  999  922  1,003  946  960  880 
Source: Caterpillar Inc., Quarterly and Annual Reports
Item Description The company
Sales of Machinery, Energy & Transportation Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Caterpillar Inc.'s sales of Machinery, Energy & Transportation increased from Q3 2017 to Q4 2017 but then slightly declined from Q4 2017 to Q1 2018.
Operating profit The net result for the period of deducting operating expenses from operating revenues. Caterpillar Inc.'s operating profit declined from Q3 2017 to Q4 2017 but then increased from Q4 2017 to Q1 2018 exceeding Q3 2017 level.
Consolidated profit before taxes Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. Caterpillar Inc.'s consolidated profit before taxes declined from Q3 2017 to Q4 2017 but then increased from Q4 2017 to Q1 2018 exceeding Q3 2017 level.
Profit (loss) of consolidated and affiliated companies The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Caterpillar Inc.'s profit (loss) of consolidated and affiliated companies declined from Q3 2017 to Q4 2017 but then increased from Q4 2017 to Q1 2018 exceeding Q3 2017 level.
Profit (loss) attributable to common stockholders The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. Caterpillar Inc.'s profit (loss) attributable to common stockholders declined from Q3 2017 to Q4 2017 but then increased from Q4 2017 to Q1 2018 exceeding Q3 2017 level.

Top