Caterpillar Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	9,333	6,165	6,106	6,042	8,428
Short-Term Investments	-	-	1,900	-	964
Cash & Short-Term Investments	9,333	6,165	8,006	6,042	9,392
Cash Growth	51.39%	-22.99%	32.51%	-35.67%	6.46%
Receivables	10,920	9,520	9,556	9,103	8,664
Inventory	18,135	16,827	16,565	16,270	14,038
Finance Div. Loans and Leases	10,649	9,565	9,510	9,013	8,898
Finance Div. Other Current Assets	647	724	872	962	826
Prepaid Expenses	2,801	2,881	2,440	2,395	1,637
Total Current Assets	52,485	45,682	46,949	43,785	43,455
Property, Plant & Equipment	15,140	10,123	9,250	8,750	8,797
Goodwill	5,321	5,241	5,308	5,288	6,324
Other Intangible Assets	241	399	564	758	1,042
Finance Div. Loans and Leases Long-Term	14,272	13,242	12,664	12,013	12,707
Long-Term Accounts Receivable	2,142	1,225	1,238	1,265	1,204
Long-Term Deferred Tax Assets	2,882	3,191	2,634	2,047	1,669
Other Long-Term Assets	6,102	4,831	4,883	4,195	3,677
Total Assets	98,585	87,764	87,476	81,943	82,793
Accounts Payable	8,968	7,675	7,906	8,689	8,154
Accrued Expenses	7,371	6,924	7,057	5,951	5,571
Short-Term Debt	-	-	-	3	9
Current Portion of Long-Term Debt	35	46	1,044	120	45
Current Portion of Leases	-	143	147	151	158
Finance Div. Debt Current	12,599	11,012	12,362	11,156	11,702
Finance Div. Other Current Liabilities	773	710	658	442	429
Current Unearned Revenue	3,311	2,322	1,929	1,860	1,086
Other Current Liabilities	3,501	3,440	3,625	3,159	2,693
Total Current Liabilities	36,558	32,272	34,728	31,531	29,847
Long-Term Debt	10,678	8,497	8,507	9,442	9,667
Finance Div. Debt Long-Term	20,018	18,787	15,893	16,216	16,287
Finance Div. Other Long-Term Liabilities	1	-	-	-	-
Long-Term Leases	-	526	499	484	563
Long-Term Unearned Revenue	-	423	460	454	-
Pension & Post-Retirement Benefits	3,837	3,757	4,098	4,203	5,592
Long-Term Deferred Tax Liabilities	-	432	454	471	412
Other Long-Term Liabilities	6,175	3,576	3,334	3,251	3,909
Total Liabilities	77,267	68,270	67,973	66,052	66,277
Common Stock	7,181	6,941	6,403	6,560	6,398
Retained Earnings	65,448	59,352	51,250	43,514	39,282
Treasury Stock	-49,539	-44,331	-36,339	-31,748	-27,643
Comprehensive Income & Other	-1,772	-2,471	-1,820	-2,457	-1,553
Total Common Equity	21,318	19,491	19,494	15,869	16,484
Minority Interest	-	3	9	22	32
Shareholders' Equity	21,318	19,494	19,503	15,891	16,516
Total Liabilities & Equity	98,585	87,764	87,476	81,943	82,793
Total Debt	43,330	39,011	38,452	37,572	38,431
Net Cash (Debt)	-33,997	-32,846	-30,446	-31,530	-29,039
Net Cash Per Share	-71.98	-67.11	-59.28	-59.45	-52.94
Filing Date Shares Outstanding	466.5	477.93	499.38	516.35	535.89
Total Common Shares Outstanding	466.5	477.93	499.38	516.35	535.89
Working Capital	15,927	13,410	12,221	12,254	13,608
Book Value Per Share	45.70	40.78	39.04	30.73	30.76
Tangible Book Value	15,756	13,851	13,622	9,823	9,118
Tangible Book Value Per Share	33.77	28.98	27.28	19.02	17.01
Order Backlog	-	30,000	27,500	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.