REG-Caterpillar Inc: Final Results <Origin Href="QuoteRef">CAT.N</Origin> - Part 4
01/04/2016 13:46
- Part 4: For the preceding part double click ID:nPRrSB6F4c
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Proceeds from 760 114 655 (9)4
disposals of leased
assets and property,
plant and equipment
Additions to finance (9,929) - (12,928) 2,9995,8
receivables
Collections of 9,247 - 12,227 (2,980)5
finance receivables
Net intercompany - - 745 (745)5
purchased
receivables
Proceeds from sale 136 - 136 -
of finance
receivables
Net intercompany - - 1 (1)6
borrowings
Investments and (400) (400) - -
acquisitions (net of
cash acquired)
Proceeds from sale 178 184 - (6)8
of businesses and
investments (net of
cash sold)
Proceeds from sale 351 25 326 -
of securities
Investments in (485) (27) (458) -
securities
Other - net (114) (49) (65) -
Net cash provided by (3,517) (1,783) (1,020) (714)
(used for) investing
activities
Cash flow from
financing activities:
Dividends paid (1,757) (1,757) (600) 6007
Distribution to (7) (7) - -
noncontrolling
interests
Common stock issued, 33 33 - -
including treasury
shares reissued
Treasury shares (2,025) (2,025) - -
purchased
Excess tax benefit 24 24 - -
from stock-based
compensation
Net intercompany - (1) - 16
borrowings
Proceeds from debt 5,132 3 5,129 -
issued (original
maturities greater
than three months)
Payments on debt (8,292) (517) (7,775) -
(original maturities
greater than three
months)
Short-term 3,022 4 3,018 -
borrowings - net
(original maturities
three months or
less)
Net cash provided by (3,870) (4,243) (228) 601
(used for) financing
activities
Effect of exchange (169) (126) (43) -
rate changes on cash
Increase (decrease) (881) (977) 96 -
in cash and
short-term
investments
Cash and short-term 7,341 6,317 1,024 -
investments at
beginning of period
Cash and short-term $ 6,460 $ 5,340 $ 1,120 $ -
investments at end of
period
1 Represents Caterpillar Inc. and its subsidiaries with Financial Products
accounted for on the equity basis.
2 Elimination of Financial Products' profit after tax due to equity method of
accounting.
3 Elimination of Financial Products' dividend to Machinery, Energy &
Transportation in excess of Financial Products' profit.
4 Elimination of non-cash adjustments and changes in assets and liabilities
related to consolidated reporting.
5 Reclassification of Financial Products' cash flow activity from investing to
operating for receivables that arose from the sale of inventory.
6 Elimination of net proceeds and payments to/from Machinery, Energy &
Transportation and Financial Products.
7 Elimination of dividend from Financial Products to Machinery, Energy &
Transportation.
8 Elimination of proceeds received from Financial Products related to Machinery,
Energy & Transportation's sale of businesses and investments.
Caterpillar Inc.
Supplemental Data for Cash Flow
For the Twelve Months Ended December 31, 2014
(Unaudited)
(Millions of dollars)
Supplemental Consolidating Data
Machinery,
Consolidated Energy & Financial Consolidating
Transportation Products Adjustments
1
Cash flow from
operating activities:
Profit of $ 3,711 $ 3,702 $ 649 $ (640)2
consolidated and
affiliated companies
Adjustments for
non-cash items:
Depreciation and 3,163 2,253 910 -
amortization
Undistributed - (170) - 1703
profit of Financial
Products
Other 553 395 (114) 2724
Changes in assets
and liabilities, net
of acquisitions and
divestitures:
Receivables - trade 163 786 43 (666)4,5
and other
Inventories 101 128 - (27)4
Accounts payable 222 212 (43) 534
Accrued expenses (10) 54 (64) -
Accrued wages, 901 892 9 -
salaries and
employee benefits
Customer advances (593) (593) - -
Other assets - net (300) (393) (56) 1494
Other liabilities - 146 204 91 (149)4
net
Net cash provided by 8,057 7,470 1,425 (838)
(used for) operating
activities
Cash flow from
investing activities:
Capital expenditures (1,539) (1,519) (20) -
- excluding
equipment leased to
others
Expenditures for (1,840) (122) (1,797) 794
equipment leased to
others
Proceeds from 904 81 837 (14)4
disposals of leased
assets and property,
plant and equipment
Additions to finance (11,278) - (14,380) 3,1025,8
receivables
Collections of 9,841 - 12,607 (2,766)5
finance receivables
Net intercompany - - 10 (10)5
purchased
receivables
Proceeds from sale 177 - 180 (3)5
of finance
receivables
Net intercompany - - 13 (13)6
borrowings
Investments and (30) (30) - -
acquisitions (net of
cash acquired)
Proceeds from sale 199 219 - (20)8
of businesses and
investments (net of
cash sold)
Proceeds from sale 810 403 407 -
of securities
Investments in (825) (425) (400) -
securities
Other - net (46) (17) (34) 59
Net cash provided by (3,627) (1,410) (2,577) 360
(used for) investing
activities
Cash flow from
financing activities:
Dividends paid (1,620) (1,620) (470) 4707
Distribution to (7) (7) - -
noncontrolling
interests
Contribution from 4 4 - -
noncontrolling
interests
Common stock issued, 239 239 5 (5)9
including treasury
shares reissued
Treasury shares (4,238) (4,238) - -
purchased
Excess tax benefit 182 182 - -
from stock-based
compensation
Net intercompany - (13) - 136
borrowings
Proceeds from debt 10,649 1,994 8,655 -
issued (original
maturities greater
than three months)
Payments on debt (9,248) (785) (8,463) -
(original maturities
greater than three
months)
Short-term 1,043 - 1,043 -
borrowings - net
(original maturities
three months or
less)
Net cash provided by (2,996) (4,244) 770 478
(used for) financing
activities
Effect of exchange (174) (96) (78) -
rate changes on cash
Increase (decrease) 1,260 1,720 (460) -
in cash and
short-term
investments
Cash and short-term 6,081 4,597 1,484 -
investments at
beginning of period
Cash and short-term $ 7,341 $ 6,317 $ 1,024 $ -
investments at end of
period
1 Represents Caterpillar Inc. and its subsidiaries with Financial Products
accounted for on the equity basis.
2 Elimination of Financial Products' profit after tax due to equity method of
accounting.
3 Elimination of non-cash adjustments for the undistributed earnings from
Financial Products.
4 Elimination of non-cash adjustments and changes in assets and liabilities
related to consolidated reporting.
5 Reclassification of Financial Products' cash flow activity from investing to
operating for receivables that arose from the sale of inventory.
6 Elimination of net proceeds and payments to/from Machinery, Energy &
Transportation and Financial Products.
7 Elimination of dividend from Financial Products to Machinery, Energy &
Transportation.
8 Elimination of proceeds received from Financial Products related to
Machinery, Energy & Transportation's sale of portions of the Bucyrus
distribution business to Cat dealers.
9 Elimination of change in investment and common stock related to Financial
Products.
SOURCE Caterpillar Inc.
CONTACT: Rachel Potts, 309-675-6892 (Office), 309-573-3444 (Mobile) or
Potts_Rachel_A@cat.com
END
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