Caterpillar Inc. (CAT)

Caterpillar Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	62,268	63,869	56,574	48,188	39,022	50,755
Other Revenue	3,396	3,191	2,853	2,783	2,726	3,045
Revenue	65,664	67,060	59,427	50,971	41,748	53,800
Revenue Growth (YoY)	-1.39%	12.84%	16.59%	22.09%	-22.40%	-1.68%
Cost of Revenue	40,894	42,767	41,350	35,513	29,082	36,630
Gross Profit	21,360	21,275	15,565	13,189	10,127	14,462
Selling, General & Admin	5,850	5,620	4,111	3,432	3,957	4,796
Research & Development	2,142	2,108	1,814	1,686	1,415	1,693
Other Operating Expenses	-733	-120	-115	-204	-80	-140
Operating Expenses	7,259	7,608	5,810	4,914	5,292	6,349
Operating Income	14,101	13,667	9,755	8,275	4,835	8,113
Interest Expense	-531	-511	-443	-488	-514	-421
Interest & Investment Income	494	494	167	80	112	202
Earnings From Equity Investments	45	63	19	31	14	28
Currency Exchange Gain (Loss)	-96	-96	104	110	-193	-67
Other Non Operating Income (Expenses)	71	156	235	123	58	26
EBT Excluding Unusual Items	14,084	13,773	9,837	8,131	4,312	7,881
Merger & Restructuring Charges	-670	-670	-84	-31	-311	-114
Impairment of Goodwill	-	-	-925	-	-	-
Gain (Loss) on Sale of Investments	11	11	-56	134	37	65
Other Unusual Items	-1	-1	-1	1	-29	8
Pretax Income	13,424	13,113	8,771	8,235	4,009	7,840
Income Tax Expense	2,753	2,781	2,067	1,742	1,006	1,746
Earnings From Continuing Operations	10,671	10,332	6,704	6,493	3,003	6,094
Minority Interest in Earnings	6	3	1	-4	-5	-1
Net Income	10,677	10,335	6,705	6,489	2,998	6,093
Net Income to Common	10,677	10,335	6,705	6,489	2,998	6,093
Net Income Growth	17.16%	54.14%	3.33%	116.44%	-50.80%	-0.88%
Shares Outstanding (Basic)	493	511	527	544	544	562
Shares Outstanding (Diluted)	496	514	530	549	549	568
Shares Change (YoY)	-4.18%	-3.17%	-3.30%	-0.02%	-3.33%	-5.32%
EPS (Basic)	21.67	20.24	12.73	11.93	5.51	10.85
EPS (Diluted)	21.54	20.12	12.64	11.83	5.46	10.74
EPS Growth	22.27%	59.18%	6.85%	116.67%	-49.16%	4.68%
Free Cash Flow	9,613	9,793	5,167	4,726	4,212	4,243
Free Cash Flow Per Share	19.40	19.07	9.74	8.62	7.68	7.48
Dividend Per Share	5.420	5.100	4.710	4.360	4.120	3.950
Dividend Growth	8.40%	8.28%	8.03%	5.83%	4.30%	17.56%
Gross Margin	32.53%	31.73%	26.19%	25.88%	24.26%	26.88%
Operating Margin	21.47%	20.38%	16.42%	16.23%	11.58%	15.08%
Profit Margin	16.26%	15.41%	11.28%	12.73%	7.18%	11.33%
Free Cash Flow Margin	14.64%	14.60%	8.69%	9.27%	10.09%	7.89%
EBITDA	16,169	15,736	11,974	10,627	7,267	10,690
EBITDA Margin	24.62%	23.47%	20.15%	20.85%	17.41%	19.87%
D&A For EBITDA	2,068	2,069	2,219	2,352	2,432	2,577
EBIT	14,101	13,667	9,755	8,275	4,835	8,113
EBIT Margin	21.47%	20.38%	16.41%	16.23%	11.58%	15.08%
Effective Tax Rate	20.51%	21.21%	23.57%	21.15%	25.09%	22.27%
Revenue as Reported	65,664	67,060	59,427	50,971	41,748	53,800

Source: S&P Capital IQ. Standard template. Financial Sources.