Caterpillar Inc.

NYSE-CAT

OverviewFinancialsInvestor RelationsResearchEstimatesNewsOwnershipIndustryDividendsModelingFilings

Operating Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Net Income	9,271	10,788	10,332	6,704	6,493	3,003	6,094	6,148	759	-59	2,523
Profit of Consolidated and Affiliated Companies
Depreciation & Amortization	2,219	2,153	2,144	2,219	2,352	2,432	2,577	2,766	2,877	3,034	3,046
Depreciation and Amortization
Other Adjustments	-437	-47	258	643	-1,000	1,309	1,171	1,721	2,264	2,008	325
Actuarial Gain on Pension and Postretirement Benefits
Provision for Deferred Income Taxes
Gain on Divestiture
Goodwill Impairment Charge
Other
Changes in Trade Receivables	-2,145	-160	-437	-220	-1,259	1,442	171	-1,619	-1,151	829	764
Receivables - Trade and Other
Changes in Inventories	1,453	-414	-364	-2,589	-2,586	-34	274	-1,579	-1,295	1,109	2,274
Inventories
Changes in Accounts Payable	-135	-282	-754	798	2,041	98	-1,025	709	1,478	-200	-1,165
Accounts Payable and Accrued Expenses
Accounts Payable
Changes in Accrued Expenses	1,843	-172	1,282	407	1,303	-910	-585	-61	1,362	-909	-588
Accrued Expenses
Accrued Wages, Salaries and Employee Benefits
Changes in Unearned Revenue	-244	370	80	768	34	-126	-10	-183	-8	-41	-501
Customer Advances
Changes in Other Operating Activities	-639	-201	344	-964	-180	-887	-1,755	-1,344	-580	-132	21
Other Assets - Net
Other Liabilities - Net
Cash from Operating Activities	11,541	12,035	12,885	7,766	7,198	6,327	6,912	6,558	5,706	5,639	6,699
Net Cash Provided by Operating Activities

Investing Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Capital Expenditure	-3,981	-3,215	-3,092	-2,599	-2,472	-2,115	-2,669	-2,916	-2,336	-2,928	-3,261
Capital Expenditures - Excluding Equipment Leased to Others
Expenditures for Equipment Leased to Others
Proceeds from Sale of Property, Plant & Equipment	725	722	781	830	1,265	772	1,153	936	1,164	899	760
Proceeds from Disposals of Leased Assets and Property, Plant and Equipment
Purchases of Investments	-16,810	-16,904	-19,566	-16,316	-14,768	-13,023	-13,329	-12,689	-13,001	-9,730	-10,414
Additions to Finance Receivables
Investments in Securities
Proceeds from Sale of Investments	15,563	16,846	15,988	15,617	12,481	13,033	12,947	11,820	13,077	10,190	9,734
Collections of Finance Receivables
Proceeds from Sale of Finance Receivables
Proceeds from Maturities and Sale of Securities
Payments for Business Acquisitions	-28	-34	-75	-88	-490	-111	-47	-392	-59	-191	-400
Investments and Acquisitions, Net of Cash Acquired
Proceeds from Business Divestments	—	-61	-4	1	785	25	41	16	100	—	178
Proceeds from Sale of Businesses and Investments (Net of Cash Sold)
Other Investing Activities	37	193	97	14	79	-66	-24	13	89	-20	-114
Proceeds from Release of Security Deposit
Other - Net
Cash from Investing Activities	-4,476	-2,453	-5,871	-2,541	-3,084	-1,485	-1,928	-3,212	-966	-1,780	-3,517
Net Cash Provided by Investing Activities

Financing Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Issuance of Long-Term Debt	9,182	10,283	8,257	6,674	6,989	10,431	9,841	8,907	9,063	5,115	5,132
Machinery, Energy & Transportation
Financial Products
Repayments of Long-Term Debt	-8,659	-9,316	-6,318	-7,728	-9,796	-8,237	-8,297	-7,829	-8,388	-6,568	-8,292
Machinery, Energy & Transportation
Financial Products
Net Issuance / (Repayments) of Long-Term Debt	523	967	1,939	-1,054	-2,807	2,194	1,544	1,078	675	-1,453	-3,160
Issuance of Common Shares	-34	20	12	51	135	229	238	313	566	-23	33
Common Stock Issued, and Other Stock Compensation Transactions, Net
Repurchases of Common Shares	-5,490	-7,737	-4,975	-4,230	-2,668	-1,130	-4,047	-3,798	—	—	-2,025
Payments to Purchase Common Stock
Payment for Stock Repurchase Derivative Contracts
Excise Tax Paid on Purchases of Common Stock
Net Issuance / (Repurchases) of Common Shares	-5,524	-7,717	-4,963	-4,179	-2,533	-901	-3,809	-3,485	566	-23	-1,992
Common Share Dividends Paid	-2,723	-2,646	-2,563	-2,440	-2,332	-2,243	-2,132	-1,951	-1,831	-1,799	-1,757
Dividends Paid
Other Financing Activities	786	-169	-1,345	392	3,484	-2,805	-141	708	-3,067	132	3,015
Distribution to Noncontrolling Interests
Contribution from Noncontrolling Interests
Excess Tax Benefit from Stock-Based Compensation
Acquisitions of Redeemable Noncontrolling Interests
Acquisitions of Noncontrolling Interests
Short-Term Borrowings - Net (Original Maturities Three Months or Less)
Other - Net
Cash from Financing Activities	-5,076	-9,565	-6,932	-7,281	-4,188	-3,755	-4,538	-3,650	-3,657	-3,143	-3,894
Net Cash Provided by Financing Activities

Free Cash Flow	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Free Cash Flow	7,560	8,820	9,793	5,167	4,726	4,212	4,243	3,642	3,370	2,711	3,438
NOPAT	8,969.5	10,502.2	10,202.9	6,037.3	5,417.6	3,406.5	6,437.2	6,492.8	811.8	-443.1	2,776.8
Levered Free Cash Flow	10,312	9,998	11,914	3,691	4,174	3,650	4,444	4,617	2,927	-1,587	-822
Unlevered Free Cash Flow	9,485.5	8,741.2	9,842.9	4,077.3	5,909.6	1,864.5	3,244.2	3,884.8	2,309.8	-510.1	2,602.8
Net Change in Cash	1,989	17	82	-2,056	-74	1,087	446	-304	1,083	716	-712