Stock Analysis on Net
Stock Analysis on Net

Caterpillar Inc. (NYSE:CAT)

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Caterpillar Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

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Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 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
Machinery, Energy & Transportation 13  —  —  —  —  59  35  11  436  209  263  263  13  12  14 
Financial Products 4,301  4,789  5,161  4,268  5,266  5,586  5,723  4,462  6,185  5,726  4,836  5,459  6,775  7,385  7,094  6,702  7,220  7,804  6,958  6,068  6,226  5,259 
Short-term borrowings 4,314  4,789  5,166  4,268  5,266  5,590  5,723  4,521  6,220  5,733  4,837  5,470  6,780  7,821  7,303  6,965  7,483  7,817  6,967  6,080  6,240  5,267 
Accounts payable 5,083  5,769  5,957  6,141  7,022  7,198  7,051  6,788  6,831  6,938  6,487  6,113  5,778  5,302  4,614  4,713  5,104  5,101  5,023  5,206  5,862  6,328 
Accrued expenses 3,547  3,776  3,750  3,727  3,789  3,746  3,573  3,423  3,450  3,551  3,220  3,114  3,211  3,086  3,003  3,022  3,127  3,142  3,116  3,306  3,311  3,531 
Accrued wages, salaries and employee benefits 958  878  1,629  1,518  1,411  1,200  2,384  2,132  1,789  1,474  2,559  2,333  1,986  1,666  1,296  1,286  1,265  1,158  1,994  1,678  1,597  1,358 
Customer advances 1,227  1,295  1,187  1,309  1,263  1,354  1,243  1,491  1,378  1,399  1,193  1,510  1,533  1,383  1,167  1,161  1,259  1,328  1,146  1,610  1,754  1,636 
Dividends payable 558  —  567  —  579  —  495  —  511  —  466  —  461  —  452  —  450  —  448  —  463  — 
Other current liabilities 2,143  2,074  2,155  2,188  2,157  2,348  1,919  1,867  1,871  1,890  1,975  1,744  1,787  1,641  1,635  1,620  1,635  1,593  1,730  1,698  1,744  1,741 
Machinery, Energy & Transportation 1,395  143  16  25  13  13  10  10  505  507  553  1,055  568  517  516  12  513 
Financial Products 6,006  7,792  6,194  8,025  6,235  5,939  5,820  5,801  6,241  6,409  6,188  5,614  6,592  6,231  6,155  5,970  5,805  5,508  5,362  5,739  4,623  6,192 
Long-term debt due within one year 7,401  7,935  6,210  8,050  6,248  5,952  5,830  5,811  6,250  6,417  6,194  5,619  6,597  6,736  6,662  6,523  6,860  6,076  5,879  6,255  4,635  6,705 
Current liabilities 25,231  26,516  26,621  27,201  27,735  27,388  28,218  26,033  28,300  27,402  26,931  25,903  28,133  27,635  26,132  25,290  27,183  26,215  26,303  25,833  25,606  26,566 
Machinery, Energy & Transportation 9,729  8,998  9,141  9,134  7,657  7,650  8,005  7,991  7,982  7,980  7,929  8,820  8,815  8,804  8,436  8,432  8,434  8,914  9,004  8,997  9,497  9,495 
Financial Products 17,178  15,371  17,140  16,454  17,107  16,590  16,995  17,450  15,717  15,185  15,918  16,015  15,000  14,921  14,382  15,190  15,546  15,556  16,243  16,211  17,948  17,308 
Long-term debt due after one year 26,907  24,369  26,281  25,588  24,764  24,240  25,000  25,441  23,699  23,165  23,847  24,835  23,815  23,725  22,818  23,622  23,980  24,470  25,247  25,208  27,445  26,803 
Liability for postemployment benefits 6,285  6,333  6,599  5,900  7,448  7,441  7,455  7,046  8,092  8,233  8,365  8,973  9,248  9,291  9,357  8,499  8,533  8,600  8,843  8,638  8,759  8,877 
Other liabilities 4,366  4,437  4,323  4,311  4,362  4,179  3,756  3,799  3,954  3,942  4,053  3,152  3,235  3,238  3,184  3,276  3,301  3,269  3,219  3,322  3,271  3,206 
Noncurrent liabilities 37,558  35,139  37,203  35,799  36,574  35,860  36,211  36,286  35,745  35,340  36,265  36,960  36,298  36,254  35,359  35,397  35,814  36,339  37,309  37,168  39,475  38,886 
Total liabilities 62,789  61,655  63,824  63,000  64,309  63,248  64,429  62,319  64,045  62,742  63,196  62,863  64,431  63,889  61,491  60,687  62,997  62,554  63,612  63,001  65,081  65,452 
Common stock of $1.00 par value at paid-in amount 6,120  6,046  5,935  5,951  5,822  5,804  5,827  5,715  5,746  5,640  5,593  5,460  5,316  5,222  5,277  5,266  5,277  5,247  5,238  5,190  5,142  5,101 
Treasury stock at cost (25,412) (25,341) (24,217) (23,693) (22,467) (21,214) (20,531) (18,681) (18,028) (17,347) (17,005) (17,130) (17,307) (17,391) (17,478) (17,544) (17,579) (17,595) (17,640) (17,642) (16,144) (16,036)
Profit employed in the business 34,841  35,504  34,437  34,477  32,981  32,435  30,427  30,384  28,657  27,929  26,301  28,530  27,471  27,584  27,377  29,450  29,167  29,517  34,208  35,191  34,823  34,998 
Accumulated other comprehensive loss (1,815) (2,012) (1,567) (1,783) (1,499) (1,588) (1,684) (1,568) (1,496) (1,016) (1,192) (1,233) (1,471) (1,827) (2,039) (1,527) (1,633) (1,493) (6,997) (6,843) (6,729) (7,101)
Shareholders’ equity attributable to common shareholders 13,734  14,197  14,588  14,952  14,837  15,437  14,039  15,850  14,879  15,206  13,697  15,627  14,009  13,588  13,137  15,645  15,232  15,676  14,809  15,896  17,092  16,962 
Noncontrolling interests 43  42  41  41  41  41  41  40  63  66  69  70  70  72  76  70  71  77  76  72  69  76 
Total shareholders’ equity 13,777  14,239  14,629  14,993  14,878  15,478  14,080  15,890  14,942  15,272  13,766  15,697  14,079  13,660  13,213  15,715  15,303  15,753  14,885  15,968  17,161  17,038 
Total liabilities and shareholders’ equity 76,566  75,894  78,453  77,993  79,187  78,726  78,509  78,209  78,987  78,014  76,962  78,560  78,510  77,549  74,704  76,402  78,300  78,307  78,497  78,969  82,242  82,490 

Based on: 10-Q (filing date: 2020-08-05), 10-Q (filing date: 2020-05-06), 10-K (filing date: 2020-02-19), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-08-01), 10-Q (filing date: 2019-05-06), 10-K (filing date: 2019-02-14), 10-Q (filing date: 2018-10-31), 10-Q (filing date: 2018-08-07), 10-Q (filing date: 2018-05-02), 10-K (filing date: 2018-02-15), 10-Q (filing date: 2017-11-01), 10-Q (filing date: 2017-08-02), 10-Q (filing date: 2017-05-03), 10-K (filing date: 2017-02-15), 10-Q (filing date: 2016-11-02), 10-Q (filing date: 2016-08-03), 10-Q (filing date: 2016-05-02), 10-K (filing date: 2016-02-16), 10-Q (filing date: 2015-10-30), 10-Q (filing date: 2015-07-31), 10-Q (filing date: 2015-05-01).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Caterpillar Inc.’s current liabilities decreased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Caterpillar Inc.’s noncurrent liabilities decreased from Q4 2019 to Q1 2020 but then increased from Q1 2020 to Q2 2020 exceeding Q4 2019 level.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Caterpillar Inc.’s total liabilities decreased from Q4 2019 to Q1 2020 but then increased from Q1 2020 to Q2 2020 not reaching Q4 2019 level.
Shareholders’ equity attributable to common shareholders Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity’s stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Caterpillar Inc.’s shareholders’ equity attributable to common shareholders decreased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.