Caterpillar Inc. (CAT)
NYSE: CAT · Real-Time Price · USD
881.65
+25.08 (2.93%)
At close: Aug 17, 2026, 4:00 PM EDT
884.88
+3.23 (0.37%)
After-hours: Aug 17, 2026, 7:12 PM EDT
Caterpillar Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Net Income | 3,593 | 2,549 | 2,402 | 2,300 | 2,179 | 2,003 | 2,791 | 2,464 | 2,681 | 2,856 | 2,676 | 2,794 | 2,922 | 1,943 | 1,454 | 2,041 | 1,673 | 1,537 | 2,120 | 1,426 |
Depreciation & Amortization | 616 | 595 | 533 | 570 | 554 | 540 | 555 | 543 | 531 | 524 | 545 | 525 | 542 | 532 | 558 | 551 | 553 | 557 | 586 | 593 |
Loss (Gain) From Sale of Assets | 139 | - | 30 | - | - | - | - | - | 228 | -64 | - | - | - | 572 | - | - | - | - | - | - |
Asset Writedown & Restructuring Costs | - | - | 65 | - | - | - | - | - | - | - | - | - | - | - | 925 | - | - | - | - | - |
Other Operating Activities | 20 | 601 | 103 | 520 | 248 | 40 | -104 | -81 | 31 | -61 | -74 | 5 | -173 | -75 | -65 | 16 | -83 | -151 | -781 | -265 |
Change in Accounts Receivable | -2,381 | -801 | -1,350 | -469 | -474 | 155 | -130 | 215 | -164 | -81 | -118 | 146 | -136 | -329 | -585 | 82 | 655 | -372 | -933 | 17 |
Change in Inventory | -1,052 | -1,501 | 538 | -376 | -649 | -990 | 367 | -138 | -204 | -439 | 1,060 | 136 | -157 | -1,403 | 499 | -1,085 | -971 | -1,032 | -391 | -1,016 |
Change in Accounts Payable | 590 | 938 | 93 | 113 | 572 | 401 | -186 | -75 | -224 | 203 | -222 | -566 | -443 | 477 | 12 | 359 | -25 | 452 | 809 | 339 |
Change in Unearned Revenue | 1,248 | 1,328 | 284 | 373 | 563 | 713 | -106 | 135 | 62 | 279 | -436 | 232 | -81 | 365 | 17 | 237 | 203 | 311 | -5 | -10 |
Change in Other Net Operating Assets | 1,598 | -1,839 | 893 | 706 | 129 | -1,573 | 206 | 506 | 80 | -1,165 | 572 | 788 | 775 | -509 | -76 | 280 | 228 | -989 | 7 | 656 |
Operating Cash Flow | 4,371 | 1,870 | 3,591 | 3,737 | 3,122 | 1,289 | 3,393 | 3,569 | 3,021 | 2,052 | 4,003 | 4,060 | 3,249 | 1,573 | 2,739 | 2,481 | 2,233 | 313 | 1,412 | 1,740 |
Operating Cash Flow Growth (YoY) | 40.01% | 45.07% | 5.84% | 4.71% | 3.34% | -37.18% | -15.24% | -12.09% | -7.02% | 30.45% | 46.15% | 63.64% | 45.50% | 402.56% | 93.98% | 42.59% | 5.43% | -83.77% | -31.85% | 0.35% |
Investing Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Capital Expenditures | -1,111 | -1,051 | -1,342 | -1,071 | -955 | -918 | -1,037 | -723 | -719 | -736 | -854 | -781 | -707 | -750 | -708 | -617 | -595 | -679 | -785 | -587 |
Sale of Property, Plant & Equipment | 245 | 191 | 164 | 179 | 216 | 149 | 181 | 199 | 187 | 155 | 218 | 195 | 184 | 184 | 164 | 198 | 199 | 269 | 388 | 241 |
Divestitures | -92 | - | 10 | - | - | 12 | 6 | -6 | -103 | 42 | 10 | - | - | -14 | - | - | 1 | - | 13 | -5 |
Investment in Securities | -329 | -894 | -111 | -61 | -55 | 744 | -291 | -102 | 427 | 1,592 | 420 | -2,374 | -333 | -302 | -419 | 587 | -75 | -875 | -512 | -337 |
Other Investing Activities | 168 | -20 | 94 | 34 | -44 | -9 | 56 | 80 | 49 | 8 | 65 | -9 | 15 | 26 | -1 | -17 | 47 | -15 | 87 | 55 |
Investing Cash Flow | -1,664 | -1,775 | -1,880 | -1,320 | -1,332 | -175 | -1,649 | -1,040 | -722 | 958 | -554 | -3,435 | -1,199 | -683 | -843 | 190 | -575 | -1,313 | -992 | -375 |
Financing Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Long-Term Debt Issued | - | 3,908 | - | - | - | 2,633 | - | - | - | 2,731 | - | - | - | 1,517 | - | - | - | 2,131 | - | - |
Total Debt Issued | 3,455 | 3,908 | 3,651 | 2,781 | 3,146 | 2,633 | 2,704 | 2,741 | 2,107 | 2,731 | 1,897 | 3,061 | 1,782 | 1,517 | 1,506 | 1,555 | 1,884 | 2,131 | 2,222 | 1,889 |
Short-Term Debt Repaid | - | -808 | - | - | - | -934 | - | - | - | -1,050 | - | - | - | -103 | - | - | - | -1,016 | - | - |
Long-Term Debt Repaid | - | -3,222 | - | - | - | -1,797 | - | - | - | -1,570 | - | - | - | -1,475 | - | - | - | -1,387 | - | - |
Total Debt Repaid | -1,275 | -4,030 | -1,876 | -2,037 | -1,437 | -2,731 | -1,774 | -2,493 | -2,597 | -2,620 | -1,478 | -3,476 | -1,131 | -1,578 | -1,128 | -1,801 | -2,396 | -2,403 | -1,176 | -2,654 |
Net Debt Issued (Repaid) | 2,180 | -122 | 1,775 | 744 | 1,709 | -98 | 930 | 248 | -490 | 111 | 419 | -415 | 651 | -61 | 378 | -246 | -512 | -272 | 1,046 | -765 |
Issuance of Common Stock | - | - | - | - | - | - | 5 | 7 | 8 | - | - | 36 | - | - | 49 | - | 4 | - | 13 | - |
Repurchase of Common Stock | -1,543 | -5,028 | -340 | -362 | -901 | -3,660 | -680 | -782 | -1,820 | -4,455 | -2,790 | -380 | -1,429 | -400 | -921 | -1,387 | -1,104 | -820 | -1,046 | -1,372 |
Common Dividends Paid | -696 | -703 | -706 | -707 | -662 | -674 | -680 | -683 | -635 | -648 | -662 | -663 | -618 | -620 | -620 | -633 | -592 | -595 | -599 | -607 |
Other Financing Activities | -24 | -97 | 22 | 20 | 5 | -64 | -1 | - | 8 | -8 | - | 22 | 3 | -25 | -9 | -1 | 28 | -28 | - | -2 |
Financing Cash Flow | -83 | -5,950 | 751 | -305 | 151 | -4,496 | -426 | -1,210 | -2,929 | -5,000 | -3,033 | -1,400 | -1,393 | -1,106 | -1,123 | -2,267 | -2,176 | -1,715 | -586 | -2,746 |
Net Cash Flow
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Foreign Exchange Rate Adjustments | 20 | -55 | -20 | -16 | -61 | 54 | -67 | -22 | 13 | -30 | 9 | -59 | -59 | -1 | -115 | -72 | 9 | -16 | -20 | -12 |
Net Cash Flow | 2,644 | -5,910 | 2,442 | 2,096 | 1,880 | -3,328 | 1,251 | 1,297 | -617 | -2,020 | 425 | -834 | 598 | -217 | 658 | 332 | -509 | -2,731 | -186 | -1,393 |
Free Cash Flow
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Free Cash Flow | 3,260 | 819 | 2,249 | 2,666 | 2,167 | 371 | 2,356 | 2,846 | 2,302 | 1,316 | 3,149 | 3,279 | 2,542 | 823 | 2,031 | 1,864 | 1,638 | -366 | 627 | 1,153 |
Free Cash Flow Growth (YoY) | 50.44% | 120.75% | -4.54% | -6.33% | -5.86% | -71.81% | -25.18% | -13.21% | -9.44% | 59.90% | 55.05% | 75.91% | 55.19% | - | 223.92% | 61.67% | 7.62% | - | -56.70% | -7.09% |
Free Cash Flow Margin | 15.87% | 4.70% | 11.76% | 15.12% | 13.08% | 2.60% | 14.53% | 17.67% | 13.79% | 8.33% | 18.45% | 19.51% | 14.68% | 5.19% | 12.24% | 12.43% | 11.50% | -2.69% | 4.54% | 9.30% |
Free Cash Flow Per Share | 7.05 | 1.76 | 4.79 | 5.66 | 4.60 | 0.78 | 4.88 | 5.85 | 4.70 | 2.65 | 6.21 | 6.40 | 4.94 | 1.58 | 3.90 | 3.53 | 3.07 | -0.68 | 1.16 | 2.11 |
Levered Free Cash Flow | 2,996 | -1,105 | 1,507 | 1,640 | 1,723 | 957.13 | 2,028 | -120.38 | 4,021 | -638.25 | 3,799 | 277.5 | 3,783 | 704 | 454 | 3,681 | 638.38 | -1,198 | 4,324 | -823 |
Unlevered Free Cash Flow | 3,080 | -1,021 | 1,586 | 1,723 | 1,802 | 1,030 | 2,094 | -42.25 | 4,107 | -548.88 | 3,878 | 358.13 | 3,862 | 784.63 | 527.13 | 3,749 | 705.88 | -1,130 | 4,394 | -751.75 |
Additional Metrics
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Cash Interest Paid | - | - | 1,842 | - | - | - | 1,738 | - | - | - | 1,435 | - | - | - | 959 | - | - | - | 920 | - |
Cash Income Tax Paid | - | - | 2,206 | - | - | - | 3,126 | - | - | - | 2,949 | - | - | - | 3,076 | - | - | - | 1,759 | - |
Change in Working Capital | 3 | -1,875 | 458 | 347 | 141 | -1,294 | 151 | 643 | -450 | -1,203 | 856 | 736 | -42 | -1,399 | -133 | -127 | 90 | -1,630 | -513 | -14 |