Caterpillar Inc.

NYSE-CAT

Operating Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Net Income	9,271	9,435	9,937	10,788	10,671	11,001
Profit of Consolidated and Affiliated Companies
Depreciation & Amortization	2,219	2,192	2,169	2,153	2,143	2,125
Depreciation and Amortization
Other Adjustments	-437	259	62	-47	-82	4
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	-234	76	-160	-148	-217
Receivables - Trade and Other
Changes in Inventories	1,453	-1,410	-965	-414	279	553
Inventories
Changes in Accounts Payable	-135	712	-84	-282	-318	-809
Accounts Payable
Changes in Accrued Expenses	1,843	-2	-22	-172	-444	516
Accrued Expenses
Accrued Wages, Salaries and Employee Benefits
Changes in Unearned Revenue	-244	1,305	804	370	40	-251
Customer Advances
Changes in Other Operating Activities	-639	-730	-759	-201	-39	-329
Other Assets - Net
Other Liabilities - Net
Cash from Operating Activities	11,541	11,373	11,272	12,035	12,645	13,136
Net Cash Provided by Operating Activities

Investing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Capital Expenditure	-3,981	-3,633	-3,397	-3,215	-3,032	-3,090
Capital Expenditures - Excluding Equipment Leased to Others
Expenditures for Equipment Leased to Others
Proceeds from Sale of Property, Plant & Equipment	725	745	716	722	759	755
Proceeds from Disposals of Leased Assets and Property, Plant and Equipment
Purchases of Investments	-16,810	-16,617	-16,759	-16,904	-17,144	-19,484
Additions to Finance Receivables
Investments in Securities
Proceeds from Sale of Investments	15,563	15,237	15,805	16,846	17,954	18,091
Collections of Finance Receivables
Proceeds from Sale of Finance Receivables
Proceeds from Maturities and Sale of Securities
Payments for Business Acquisitions	-28	-24	-37	-34	-41	-87
Investments and Acquisitions, Net of Cash Acquired
Proceeds from Business Divestments	—	18	-91	-61	-57	-46
Proceeds from Sale of Businesses and Investments (Net of Cash Sold)
Other Investing Activities	37	83	176	193	202	113
Other - Net
Cash from Investing Activities	-4,476	-4,196	-3,586	-2,453	-1,358	-3,753
Net Cash Provided by Investing Activities

Financing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Issuance of Long-Term Debt	9,182	9,863	10,185	10,283	9,476	9,109
Machinery, Energy & Transportation
Financial Products
Repayments of Long-Term Debt	-8,659	-8,267	-9,543	-9,316	-8,721	-9,232
Machinery, Energy & Transportation
Financial Products
Net Issuance / (Repayments) of Long-Term Debt	523	1,596	642	967	755	-123
Issuance of Common Shares	-34	-47	28	20	-9	42
Common Stock Issued, and Other Stock Compensation Transactions, Net
Repurchases of Common Shares	-5,490	-5,910	-6,902	-7,737	-9,823	-9,421
Payments to Purchase Common Stock
Excise Tax Paid on Purchases of Common Stock
Net Issuance / (Repurchases) of Common Shares	-5,524	-5,957	-6,874	-7,717	-9,832	-9,379
Common Share Dividends Paid	-2,723	-2,699	-2,672	-2,646	-2,628	-2,608
Dividends Paid
Other Financing Activities	786	-783	-52	-169	-467	-252
Distribution to Noncontrolling Interests
Short-Term Borrowings - Net (Original Maturities Three Months or Less)
Other - Net
Cash from Financing Activities	-5,076	-5,981	-9,061	-9,565	-12,172	-12,362
Net Cash Provided by Financing Activities