CAT

CATERPILLAR INCIndustrials

10-K for period ending 2025-12-31filed 2026-02-13accession 0000018230-26-000008filing on sec.gov ↗

answer key

field	SEC value	XBRL concept	printed on
Total revenue	$67.6B	Revenues	Total sales and revenues
Operating income	$11.2B	OperatingIncomeLoss	Operating profit
Net income attributable to the company	-	not reported	not in this filing's XBRL
Diluted EPS	$18.81	EarningsPerShareDiluted	Profit per common share - diluted 2
Cash and cash equivalents	$10.0B	CashAndCashEquivalentsAtCarryingValue	Cash and cash equivalents
Total assets	$98.6B	Assets	Total assets · Total liabilities and shareholders’ equity
Total liabilities	$77.3B	Liabilities	Total liabilities
Total shareholders' equity attributable to the company	-	not reported	not in this filing's XBRL
Net cash from operating activities	$11.7B	NetCashProvidedByUsedInOperatingActivities	Net cash provided by (used for) operating activities
Net cash from investing activities	-$4.7B	NetCashProvidedByUsedInInvestingActivities	Net cash provided by (used for) investing activities
Net cash from financing activities	-$3.9B	NetCashProvidedByUsedInFinancingActivities	Net cash provided by (used for) financing activities

Income statement

table #31 · score 26 vs 10 runner-up · in millions

STATEMENT 1	Caterpillar Inc.
Consolidated Results of Operations for the Years Ended December 31,
(Dollars in millions except per share data)
2025	2024	2023
Sales and revenues:
Sales of Machinery, Power & Energy	63,980	61,363	63,869
Revenues of Financial Products	3,609	3,446	3,191
Total sales and revenues	67,589	64,809	67,060
Operating costs:
Cost of goods sold	44,752	40,199	42,767
Selling, general and administrative expenses	6,985	6,667	6,371
Research and development expenses	2,148	2,107	2,108
Interest expense of Financial Products	1,359	1,286	1,030
Other operating (income) expenses	1,194	1,478	1,818
Total operating costs	56,438	51,737	54,094
Operating profit	11,151	13,072	12,966
Interest expense excluding Financial Products	502	512	511
Other income (expense)	892	813	595
Consolidated profit before taxes	11,541	13,373	13,050
Provision (benefit) for income taxes	2,768	2,629	2,781
Profit of consolidated companies	8,773	10,744	10,269
Equity in profit (loss) of unconsolidated affiliated companies	109	44	63
Profit of consolidated and affiliated companies	8,882	10,788	10,332
Less: Profit (loss) attributable to noncontrolling interests	(2)	(4)	(3)
Profit 1	8,884	10,792	10,335
Profit per common share	18.90	22.17	20.24
Profit per common share - diluted 2	18.81	22.05	20.12
Weighted-average common shares outstanding (millions)
- Basic	470.0	486.7	510.6
- Diluted 2	472.3	489.4	513.6

Balance sheet

table #35 · score 39.3 vs 34.5 runner-up · in millions

STATEMENT 3	Caterpillar Inc.
Consolidated Financial Position at December 31,
(Dollars in millions)
2025	2024
Assets
Current assets:
Cash and cash equivalents	9,980	6,889
Receivables - trade and other	10,920	9,282
Receivables - finance	10,649	9,565
Prepaid expenses and other current assets	2,801	3,119
Inventories	18,135	16,827
Total current assets	52,485	45,682
Property, plant and equipment - net	15,140	13,361
Long-term receivables - trade and other	2,142	1,225
Long-term receivables - finance	14,272	13,242
Noncurrent deferred and refundable income taxes	2,882	3,312
Intangible assets	241	399
Goodwill	5,321	5,241
Other assets	6,102	5,302
Total assets	98,585	87,764
Liabilities
Current liabilities:
Short-term borrowings:
Financial Products	5,514	4,393
Accounts payable	8,968	7,675
Accrued expenses	5,587	5,243
Accrued wages, salaries and employee benefits	2,554	2,391
Customer advances	3,314	2,322
Dividends payable	703	674
Other current liabilities	2,798	2,909
Long-term debt due within one year:
Machinery, Power & Energy	35	46
Financial Products	7,085	6,619
Total current liabilities	36,558	32,272
Long-term debt due after one year:
Machinery, Power & Energy	10,678	8,564
Financial Products	20,018	18,787
Liability for postemployment benefits	3,838	3,757
Other liabilities	6,175	4,890
Total liabilities	77,267	68,270
Commitments and contingencies (Notes 21 and 22)
Shareholders’ equity
Common stock of $1.00 par value:
Authorized shares: 2,000,000,000 Issued shares: (2025 and 2024 - 814,894,624 shares) at paid-in amount	7,181	6,941
Treasury stock: (2025 - 349,607,292 shares; and 2024 - 336,962,600 shares) at cost	(49,539)	(44,331)
Profit employed in the business	65,448	59,352
Accumulated other comprehensive income (loss)	(1,772)	(2,471)
Noncontrolling interests	-	3
Total shareholders’ equity	21,318	19,494
Total liabilities and shareholders’ equity	98,585	87,764
See accompanying notes to Consolidated Financial Statements.

Cash flow statement

table #39 · score 40 vs 15 runner-up · in millions

STATEMENT 5	Caterpillar Inc.
Consolidated Statement of Cash Flow for the Years Ended December 31,
(Millions of dollars)
2025	2024	2023
Cash flow from operating activities:
Profit of consolidated and affiliated companies	8,882	10,788	10,332
Adjustments to reconcile profit to net cash provided by operating activities:
Depreciation and amortization	2,262	2,153	2,144
Actuarial (gain) loss on pension and postretirement benefits	(294)	(154)	(97)
Provision (benefit) for deferred income taxes	465	(621)	(592)
(Gain) loss on divestiture	30	164	572
Other	742	564	375
Changes in assets and liabilities, net of acquisitions and divestitures:
Receivables - trade and other	(2,138)	(160)	(437)
Inventories	(1,477)	(414)	(364)
Accounts payable	1,179	(282)	(754)
Accrued expenses	438	191	796
Accrued wages, salaries and employee benefits	187	(363)	486
Customer advances	1,933	370	80
Other assets - net	(176)	(97)	(95)
Other liabilities - net	(294)	(104)	439
Net cash provided by (used for) operating activities	11,739	12,035	12,885
Cash flow from investing activities:
Capital expenditures - excluding equipment leased to others	(2,821)	(1,988)	(1,597)
Expenditures for equipment leased to others	(1,465)	(1,227)	(1,495)
Proceeds from disposals of leased assets and property, plant and equipment	708	722	781
Additions to finance receivables	(15,329)	(15,409)	(15,161)
Collections of finance receivables	13,515	13,608	14,034
Proceeds from sale of finance receivables	71	83	63
Investments and acquisitions (net of cash acquired)	(47)	(34)	(75)
Proceeds from sale of businesses and investments (net of cash sold)	22	(61)	(4)
Proceeds from maturities and sale of securities	2,494	3,155	1,891
Investments in securities	(1,930)	(1,495)	(4,405)
Other - net	75	193	97
Net cash provided by (used for) investing activities	(4,707)	(2,453)	(5,871)
Cash flow from financing activities:
Dividends paid	(2,749)	(2,646)	(2,563)
Common stock issued, and other stock compensation transactions, net	(16)	20	12
Payments to purchase common stock	(5,190)	(7,697)	(4,975)
Excise tax paid on purchases of common stock	(73)	(40)	-
Proceeds from debt issued (original maturities greater than three months):
- Machinery, Power & Energy	1,976	-	-
- Financial Products	9,129	10,283	8,257
Payments on debt (original maturities greater than three months):
- Machinery, Power & Energy	(51)	(1,032)	(106)
- Financial Products	(8,030)	(8,284)	(6,212)
Short-term borrowings - net (original maturities three months or less)	1,106	(168)	(1,345)
Other - net	(1)	(1)	-
Net cash provided by (used for) financing activities	(3,899)	(9,565)	(6,932)
Effect of exchange rate changes on cash	(43)	(106)	(110)
Increase (decrease) in cash, cash equivalents and restricted cash	3,090	(89)	(28)
Cash, cash equivalents and restricted cash at beginning of period	6,896	6,985	7,013
Cash, cash equivalents and restricted cash at end of period	9,986	6,896	6,985