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, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Profit of consolidated and affiliated companies 6,493  3,003  6,094  6,148  759 
Depreciation and amortization 2,352  2,432  2,577  2,766  2,877 
Actuarial (gain) loss on pension and postretirement benefits (833) 383  468  495  301 
Provision (benefit) for deferred income taxes (383) (74) 28  220  1,213 
Other 216  1,000  675  1,006  746 
Adjustments for non-cash items 1,352  3,741  3,748  4,487  5,137 
Receivables, trade and other (1,259) 1,442  171  (1,619) (1,151)
Inventories (2,586) (34) 274  (1,579) (1,295)
Accounts payable 2,041  98  (1,025) 709  1,478 
Accrued expenses 196  (366) 172  101  175 
Accrued wages, salaries and employee benefits 1,107  (544) (757) (162) 1,187 
Customer advances 34  (126) (10) (183) (69)
Other assets, net (97) (201) (93) 41  (192)
Other liabilities, net (83) (686) (1,662) (1,385) (327)
Changes in assets and liabilities, net of acquisitions and divestitures (647) (417) (2,930) (4,077) (194)
Net cash provided by operating activities 7,198  6,327  6,912  6,558  5,702 
Capital expenditures, excluding equipment leased to others (1,093) (978) (1,056) (1,276) (898)
Expenditures for equipment leased to others (1,379) (1,137) (1,613) (1,640) (1,438)
Proceeds from disposals of leased assets and property, plant and equipment 1,265  772  1,153  936  1,164 
Additions to finance receivables (13,002) (12,385) (12,777) (12,183) (11,953)
Collections of finance receivables 12,430  12,646  12,183  10,901  12,018 
Proceeds from sale of finance receivables 51  42  235  477  127 
Investments and acquisitions, net of cash acquired (490) (111) (47) (392) (59)
Proceeds from sale of businesses and investments, net of cash sold 36  25  41  16  100 
Proceeds from sale of securities 785  345  529  442  932 
Investments in securities (1,766) (638) (552) (506) (1,048)
Other, net 79  (66) (24) 13  61 
Net cash used for investing activities (3,084) (1,485) (1,928) (3,212) (994)
Dividends paid (2,332) (2,243) (2,132) (1,951) (1,831)
Common stock issued, including treasury shares reissued 135  229  238  313  566 
Common shares repurchased (2,668) (1,130) (4,047) (3,798) — 
Machinery, Energy & Transportation 494  1,991  1,479  57  361 
Financial Products 6,495  8,440  8,362  8,850  8,702 
Proceeds from debt issued, original maturities greater than three months 6,989  10,431  9,841  8,907  9,063 
Machinery, Energy & Transportation (1,919) (26) (12) (7) (1,465)
Financial Products (7,877) (8,211) (8,285) (7,822) (6,919)
Payments on debt, original maturities greater than three months (9,796) (8,237) (8,297) (7,829) (8,384)
Short-term borrowings, net, original maturities three months or less 3,488  (2,804) (138) 762  (3,058)
Other, net (4) (1) (3) (54) (9)
Net cash used for financing activities (4,188) (3,755) (4,538) (3,650) (3,653)
Effect of exchange rate changes on cash (29) (13) (44) (126) 38 
Increase (decrease) in cash, cash equivalents and restricted cash (103) 1,074  402  (430) 1,093 
Cash, cash equivalents and restricted cash at beginning of period 9,366  8,292  7,890  8,320  7,168 
Cash, cash equivalents and restricted cash at end of period 9,263  9,366  8,292  7,890  8,261 

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

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 decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
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 2019 to 2020 but then decreased significantly from 2020 to 2021.
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 increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level.