REG-Caterpillar Inc: 1st Quarter Results <Origin Href="QuoteRef">CAT.N</Origin> - Part 4
22/04/2016 12:33
- Part 4: For the preceding part double click ID:nPRrMF794c
54 4
Changes in assets
and liabilities,
net of acquisitions
and divestitures:
Receivables - 6 54 (34) (14) 4,5
trade and other
Inventories (89) (85) - (4) 4
Accounts payable 228 169 43 16 4
Accrued expenses 35 26 9 -
Accrued wages, (1,027) (1,009) (18) -
salaries and
employee benefits
Customer advances 25 25 - -
Other assets - 365 246 36 83 4
net
Other liabilities (186) (46) (57) (83) 4
- net
Net cash provided by 1,270 1,042 276 (48)
(used for) operating
activities
Cash flow from
investing
activities:
Capital (437) (435) (2) -
expenditures -
excluding equipment
leased to others
Expenditures for (389) (42) (355) 8 4
equipment leased to
others
Proceeds from 167 6 162 (1) 4
disposals of leased
assets and
property, plant and
equipment
Additions to (2,122) - (2,901) 779 5, 8
finance receivables
Collections of 2,241 - 2,954 (713) 5
finance receivables
Net intercompany - - 118 (118) 5
purchased
receivables
Proceeds from sale 43 - 43 -
of finance
receivables
Net intercompany - (8) - 8 6
borrowings
Investments and (29) (29) - -
acquisitions (net
of cash acquired)
Proceeds from sale 167 174 - (7) 8
of businesses and
investments (net of
cash sold)
Proceeds from sale 83 3 80 -
of securities
Investments in (70) (4) (66) -
securities
Other - net (38) 4 (42) -
Net cash provided by (384) (331) (9) (44)
(used for) investing
activities
Cash flow from
financing
activities:
Dividends paid (424) (424) (100) 100 7
Distribution to (7) (7) - -
noncontrolling
interests
Common stock 32 32 - -
issued, including
treasury shares
reissued
Treasury shares (400) (400) - -
purchased
Excess tax benefit 17 17 - -
from stock-based
compensation
Net intercompany - - 8 (8) 6
borrowings
Proceeds from debt 1,529 2 1,527 -
issued (original
maturities greater
than three months)
Payments on debt (2,319) (6) (2,313) -
(original
maturities greater
than three months)
Short-term 950 - 950 -
borrowings - net
(original
maturities three
months or less)
Net cash provided by (622) (786) 72 92
(used for) financing
activities
Effect of exchange (42) (24) (18) -
rate changes on cash
Increase (decrease) 222 (99) 321 -
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 $ 7,563 $ 6,218 $ 1,345 $ -
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 adjustment 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 businesses and investments.
SOURCE Caterpillar Inc.
CONTACT: Rachel Potts, Caterpillar, 309-675-6892 (Office), 309-573-3444
(Mobile) or Potts_Rachel_A@cat.com
END
Copyright © 2016 PR Newswire Association, LLC. All Rights ReservedRecent news on Caterpillar
See all newsREG - Stock Exch Notice - Admission to ISM - 13/07/2023
AnnouncementRCS - Informa Markets - Battery Show Europe Announces New Advisory Board
AnnouncementRCS - Informa Markets - Battery Show Europe Announces New Advisory Board
AnnouncementREG - Triple Point - TPVE Triple Point - TPVC Triple Point - TPVD - Disposal of hydro assets and Dividend Declaration
AnnouncementREG - Law Debenture Corp - Net Asset Value(s)
Announcement