Caterpillar Inc. (CAT)
NYSE: CAT · Real-Time Price · USD
837.58
-4.61 (-0.55%)
At close: Aug 10, 2026, 4:00 PM EDT
840.02
+2.44 (0.29%)
Pre-market: Aug 11, 2026, 6:31 AM EDT
Caterpillar Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Net Income | 10,841 | 8,882 | 10,788 | 10,332 | 6,704 | 6,493 |
Depreciation & Amortization | 2,379 | 2,262 | 2,153 | 2,144 | 2,219 | 2,352 |
Other Adjustments | 1,710 | 943 | -47 | 258 | 643 | -1,000 |
Change in Receivables | -5,001 | -2,138 | -160 | -437 | -220 | -1,259 |
Changes in Inventories | -2,391 | -1,477 | -414 | -364 | -2,589 | -2,586 |
Changes in Accounts Payable | 1,734 | 1,179 | -282 | -754 | 798 | 2,041 |
Changes in Accrued Expenses | 1,223 | 625 | -172 | 1,282 | 407 | 1,303 |
Changes in Unearned Revenue | 3,233 | 1,933 | 370 | 80 | 768 | 34 |
Changes in Other Operating Activities | 135 | -470 | -201 | 344 | -964 | -180 |
Operating Cash Flow | 13,569 | 11,739 | 12,035 | 12,885 | 7,766 | 7,198 |
Operating Cash Flow Growth | 19.31% | -2.46% | -6.60% | 65.92% | 7.89% | 13.77% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Capital Expenditures | -4,575 | -4,286 | -3,215 | -3,092 | -2,599 | -2,472 |
Sale of Property, Plant & Equipment | 779 | 708 | 722 | 781 | 830 | 1,265 |
Purchases of Investments | -19,371 | -17,259 | -16,904 | -19,566 | -16,316 | -14,768 |
Proceeds from Sale of Investments | 17,162 | 16,080 | 16,846 | 15,988 | 15,617 | 12,481 |
Cash Acquisitions | -828 | -47 | -34 | -75 | -88 | -490 |
Proceeds from Business Divestments | -82 | 22 | -61 | -4 | 1 | 785 |
Other Investing Activities | 276 | 75 | 193 | 97 | 14 | 79 |
Investing Cash Flow | -6,639 | -4,707 | -2,453 | -5,871 | -2,541 | -3,084 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Long-Term Debt Issued | 12,761 | 11,105 | 10,283 | 8,257 | 6,674 | 6,989 |
Long-Term Debt Repaid | -8,676 | -8,081 | -9,316 | -6,318 | -7,728 | -9,796 |
Net Long-Term Debt Issued (Repaid) | 4,085 | 3,024 | 967 | 1,939 | -1,054 | -2,807 |
Issuance of Common Stock | -78 | -16 | 20 | 12 | 51 | 135 |
Repurchase of Common Stock | -7,273 | -5,263 | -7,737 | -4,975 | -4,230 | -2,668 |
Net Common Stock Issued (Repurchased) | -7,351 | -5,279 | -7,717 | -4,963 | -4,179 | -2,533 |
Common Dividends Paid | -2,812 | -2,749 | -2,646 | -2,563 | -2,440 | -2,332 |
Other Financing Activities | 492 | 1,105 | -169 | -1,345 | 392 | 3,484 |
Financing Cash Flow | -5,587 | -3,899 | -9,565 | -6,932 | -7,281 | -4,188 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | -71 | -43 | -106 | -110 | -194 | -29 |
Net Cash Flow | 1,272 | 3,090 | -89 | -28 | -2,250 | -103 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Free Cash Flow | 8,994 | 7,453 | 8,820 | 9,793 | 5,167 | 4,726 |
Free Cash Flow Growth | 16.20% | -15.50% | -9.94% | 89.53% | 9.33% | 12.20% |
FCF Margin | 12.04% | 11.03% | 13.61% | 14.60% | 8.69% | 9.27% |
Free Cash Flow Per Share | 19.26 | 15.78 | 18.02 | 19.07 | 9.74 | 8.62 |
Levered Free Cash Flow | 16,667 | 11,674 | 9,998 | 11,914 | 3,691 | 4,174 |
Unlevered Free Cash Flow | 11,752 | 8,243 | 8,741 | 9,843 | 4,077 | 5,910 |