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10-Q Filing

CATERPILLAR FINANCIAL SERVICES CORP CIK: 764764 Q1 2019
Filing Information
Form Type 10-Q
Accession Number 0000764764-19-000048
Period End Date 20190331
Filing Date 20190506
Fiscal Year 2019
Fiscal Period Q1
XBRL Instance cfsc-20190331.xml
Balance Sheet 56 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashCashEquivalentsAndShortTermInvestments $766.00M USD Point-in-time
Cash and cash equivalents CashCashEquivalentsAndShortTermInvestments $658.00M USD Point-in-time
Common stock - par value CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Common stock - par value CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Finance receivables, net LoansAndLeasesReceivableNetReportedAmount $27.79B USD Point-in-time
Common stock - authorized CommonStockSharesAuthorized 2,000.00 shares Point-in-time
Finance receivables, net LoansAndLeasesReceivableNetReportedAmount $27.92B USD Point-in-time
Common stock - authorized CommonStockSharesAuthorized 2,000.00 shares Point-in-time
Notes receivable from Caterpillar NotesReceivableRelatedParties $662.00M USD Point-in-time
Common stock - issued CommonStockSharesIssued 1.00 shares Point-in-time
Notes receivable from Caterpillar NotesReceivableRelatedParties $645.00M USD Point-in-time
Common stock - issued CommonStockSharesIssued 1.00 shares Point-in-time
Equipment on operating leases, net PropertyPlantandEquipmentNetAssetsLeasedtoOthers $3.47B USD Point-in-time
Equipment on operating leases, net PropertyPlantandEquipmentNetAssetsLeasedtoOthers $3.56B USD Point-in-time
Common stock - outstanding CommonStockSharesOutstanding 1.00 shares Point-in-time
Common stock - outstanding CommonStockSharesOutstanding 1.00 shares Point-in-time
Other assets OtherAssets $1.26B USD Point-in-time
Other assets OtherAssets $1.27B USD Point-in-time
Total assets Assets $33.82B USD Point-in-time
Total assets Assets $34.18B USD Point-in-time
Payable to dealers and others AccountsPayableCurrentAndNoncurrent $116.00M USD Point-in-time
Payable to dealers and others AccountsPayableCurrentAndNoncurrent $117.00M USD Point-in-time
Payable to Caterpillar - borrowings and other Payabletorelatedpartyborrowingsandother $1.54B USD Point-in-time
Payable to Caterpillar - borrowings and other Payabletorelatedpartyborrowingsandother $1.60B USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrentAndNoncurrent $267.00M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrentAndNoncurrent $259.00M USD Point-in-time
Short-term borrowings ShortTermBorrowings $5.59B USD Point-in-time
Short-term borrowings ShortTermBorrowings $5.72B USD Point-in-time
Current maturities of long-term debt LongTermDebtCurrent $5.82B USD Point-in-time
Current maturities of long-term debt LongTermDebtCurrent $5.94B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $16.59B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $17.00B USD Point-in-time
Other liabilities OtherLiabilities $828.00M USD Point-in-time
Other liabilities OtherLiabilities $817.00M USD Point-in-time
Total liabilities Liabilities $30.87B USD Point-in-time
Total liabilities Liabilities $31.33B USD Point-in-time
Commitments and contingent liabilities (Notes 8 and 10) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingent liabilities (Notes 8 and 10) CommitmentsAndContingencies - USD Point-in-time
Common stock - $1 par value Authorized: 2,000 shares; Issued and outstanding: one share (at paid-in amount) CommonStocksIncludingAdditionalPaidInCapital $745.00M USD Point-in-time
Common stock - $1 par value Authorized: 2,000 shares; Issued and outstanding: one share (at paid-in amount) CommonStocksIncludingAdditionalPaidInCapital $745.00M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $2.00M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $2.00M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $2.88B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $2.87B USD Point-in-time
Accumulated other comprehensive income/(loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-533.00M USD Point-in-time
Accumulated other comprehensive income/(loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-829.00M USD Point-in-time
Accumulated other comprehensive income/(loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-592.00M USD Point-in-time
Accumulated other comprehensive income/(loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-925.00M USD Point-in-time
Noncontrolling interests MinorityInterest $153.00M USD Point-in-time
Noncontrolling interests MinorityInterest $161.00M USD Point-in-time
Total shareholder's equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.95B USD Point-in-time
Total shareholder's equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.42B USD Point-in-time
Total shareholder's equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.26B USD Point-in-time
Total shareholder's equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.85B USD Point-in-time
Total liabilities and shareholder's equity LiabilitiesAndStockholdersEquity $34.18B USD Point-in-time
Total liabilities and shareholder's equity LiabilitiesAndStockholdersEquity $33.82B USD Point-in-time
Income Statement 34 line items
Line Item Tag Value Unit Period
Retail finance RetailFinanceRevenue $335.00M USD 1 Quarter
Retail finance RetailFinanceRevenue $317.00M USD 1 Quarter
Operating lease OperatingLeaseLeaseIncome $244.00M USD 1 Quarter
Operating lease OperatingLeaseLeaseIncome $258.00M USD 1 Quarter
Wholesale finance WholesaleFinanceRevenue $91.00M USD 1 Quarter
Wholesale finance WholesaleFinanceRevenue $119.00M USD 1 Quarter
Other, net OtherIncome $38.00M USD 1 Quarter
Other, net OtherIncome $24.00M USD 1 Quarter
Total revenues Revenues $736.00M USD 1 Quarter
Total revenues Revenues $690.00M USD 1 Quarter
Interest InterestExpense $174.00M USD 1 Quarter
Interest InterestExpense $201.00M USD 1 Quarter
Depreciation on equipment leased to others OperatingLeasesIncomeStatementDepreciationExpenseOnPropertySubjectToOrHeldForLease $202.00M USD 1 Quarter
Depreciation on equipment leased to others OperatingLeasesIncomeStatementDepreciationExpenseOnPropertySubjectToOrHeldForLease $199.00M USD 1 Quarter
General, operating and administrative SellingGeneralAndAdministrativeExpense $124.00M USD 1 Quarter
General, operating and administrative SellingGeneralAndAdministrativeExpense $110.00M USD 1 Quarter
Provision for credit losses ProvisionForLoanLeaseAndOtherLosses $67.00M USD 1 Quarter
Provision for credit losses ProvisionForLoanLeaseAndOtherLosses $53.00M USD 1 Quarter
Other OtherCostAndExpenseOperating $9.00M USD 1 Quarter
Other OtherCostAndExpenseOperating $10.00M USD 1 Quarter
Total expenses CostsAndExpenses $590.00M USD 1 Quarter
Total expenses CostsAndExpenses $559.00M USD 1 Quarter
Other income (expense) OtherNonoperatingIncomeExpense $-4.00M USD 1 Quarter
Other income (expense) OtherNonoperatingIncomeExpense $-7.00M USD 1 Quarter
Profit before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $142.00M USD 1 Quarter
Profit before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $124.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $38.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $29.00M USD 1 Quarter
Profit of consolidated companies ProfitLoss $104.00M USD 1 Quarter
Profit of consolidated companies ProfitLoss $95.00M USD 1 Quarter
Less: Profit attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $6.00M USD 1 Quarter
Less: Profit attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $4.00M USD 1 Quarter
Profit NetIncomeLoss $91.00M USD 1 Quarter
Profit NetIncomeLoss $98.00M USD 1 Quarter
Cash Flow Statement 70 line items
Line Item Tag Value Unit Period
Restricted cash and cash equivalents RestrictedCashAndInvestmentsCurrent $7.00M USD Point-in-time
Restricted cash and cash equivalents RestrictedCashAndInvestmentsCurrent $4.00M USD Point-in-time
Profit of consolidated companies ProfitLoss $104.00M USD 1 Quarter
Profit of consolidated companies ProfitLoss $95.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $202.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $206.00M USD 1 Quarter
Amortization of receivables purchase discount AmortizationOfReceivablesPurchaseDiscount $109.00M USD 1 Quarter
Amortization of receivables purchase discount AmortizationOfReceivablesPurchaseDiscount $82.00M USD 1 Quarter
Provision for credit losses ProvisionForLoanLeaseAndOtherLosses $67.00M USD 1 Quarter
Provision for credit losses ProvisionForLoanLeaseAndOtherLosses $53.00M USD 1 Quarter
Other, net OtherNoncashIncomeExpense $-33.00M USD 1 Quarter
Other, net OtherNoncashIncomeExpense $-22.00M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $2.00M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $-2.00M USD 1 Quarter
Payable to dealers and others IncreaseDecreaseInAccountsPayable $16.00M USD 1 Quarter
Payable to dealers and others IncreaseDecreaseInAccountsPayable $13.00M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-27.00M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-11.00M USD 1 Quarter
Other payables with Caterpillar IncreaseDecreaseInAccountsPayableRelatedParties - USD 1 Quarter
Other payables with Caterpillar IncreaseDecreaseInAccountsPayableRelatedParties $4.00M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-37.00M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $4.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $254.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $299.00M USD 1 Quarter
Expenditures for equipment on operating leases PaymentsToAcquireEquipmentOnLease $242.00M USD 1 Quarter
Expenditures for equipment on operating leases PaymentsToAcquireEquipmentOnLease $269.00M USD 1 Quarter
Capital expenditures - excluding equipment on operating leases PaymentsToAcquireProductiveAssets $92.00M USD 1 Quarter
Capital expenditures - excluding equipment on operating leases PaymentsToAcquireProductiveAssets $4.00M USD 1 Quarter
Proceeds from disposals of equipment ProceedsFromSaleOfPropertyPlantAndEquipment $182.00M USD 1 Quarter
Proceeds from disposals of equipment ProceedsFromSaleOfPropertyPlantAndEquipment $205.00M USD 1 Quarter
Additions to finance receivables PaymentsToAcquireFinanceReceivables $2.97B USD 1 Quarter
Additions to finance receivables PaymentsToAcquireFinanceReceivables $2.96B USD 1 Quarter
Collections of finance receivables ProceedsFromCollectionOfFinanceReceivables $3.10B USD 1 Quarter
Collections of finance receivables ProceedsFromCollectionOfFinanceReceivables $3.17B USD 1 Quarter
Net changes in Caterpillar purchased receivables NetChangesInCaterpillarPurchasedReceivables $489.00M USD 1 Quarter
Net changes in Caterpillar purchased receivables NetChangesInCaterpillarPurchasedReceivables $16.00M USD 1 Quarter
Proceeds from sales of receivables ProceedsFromSaleOfFinanceReceivables $69.00M USD 1 Quarter
Proceeds from sales of receivables ProceedsFromSaleOfFinanceReceivables $44.00M USD 1 Quarter
Net change in variable lending to Caterpillar NetChangeInVariableLendingToParent $1.00M USD 1 Quarter
Net change in variable lending to Caterpillar NetChangeInVariableLendingToParent $8.00M USD 1 Quarter
Additions to other notes receivable with Caterpillar OriginationOfNotesReceivableFromRelatedParties - USD 1 Quarter
Additions to other notes receivable with Caterpillar OriginationOfNotesReceivableFromRelatedParties $90.00M USD 1 Quarter
Collections on other notes receivable with Caterpillar RepaymentOfNotesReceivableFromRelatedParties $16.00M USD 1 Quarter
Collections on other notes receivable with Caterpillar RepaymentOfNotesReceivableFromRelatedParties $20.00M USD 1 Quarter
Settlements of undesignated derivatives PaymentsForProceedsFromDerivativeInstrumentInvestingActivities $1.00M USD 1 Quarter
Settlements of undesignated derivatives PaymentsForProceedsFromDerivativeInstrumentInvestingActivities $25.00M USD 1 Quarter
Net cash provided by (used for) investing activities NetCashProvidedByUsedInInvestingActivities $-423.00M USD 1 Quarter
Net cash provided by (used for) investing activities NetCashProvidedByUsedInInvestingActivities $81.00M USD 1 Quarter
Net change in variable lending from Caterpillar NetChangeInVariableLendingFromCaterpillar $-107.00M USD 1 Quarter
Net change in variable lending from Caterpillar NetChangeInVariableLendingFromCaterpillar $-63.00M USD 1 Quarter
Proceeds from debt issued (original maturities greater than three months) ProceedsFromDebtMaturingInMoreThanThreeMonths $2.66B USD 1 Quarter
Proceeds from debt issued (original maturities greater than three months) ProceedsFromDebtMaturingInMoreThanThreeMonths $1.54B USD 1 Quarter
Payments on debt issued (original maturities greater than three months) RepaymentsOfDebtMaturingInMoreThanThreeMonths $2.41B USD 1 Quarter
Payments on debt issued (original maturities greater than three months) RepaymentsOfDebtMaturingInMoreThanThreeMonths $2.56B USD 1 Quarter
Short-term borrowings, net (original maturities three months or less) ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess $1.15B USD 1 Quarter
Short-term borrowings, net (original maturities three months or less) ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess $-525.00M USD 1 Quarter
Net cash provided by (used for) financing activities NetCashProvidedByUsedInFinancingActivities $-489.00M USD 1 Quarter
Net cash provided by (used for) financing activities NetCashProvidedByUsedInFinancingActivities $171.00M USD 1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-2.00M USD 1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $4.00M USD 1 Quarter
Increase/(decrease) in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $6.00M USD 1 Quarter
Increase/(decrease) in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-111.00M USD 1 Quarter
Cash, cash equivalents and restricted cash at beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $738.00M USD Point-in-time
Cash, cash equivalents and restricted cash at beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $662.00M USD Point-in-time
Cash, cash equivalents and restricted cash at beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $732.00M USD Point-in-time
Cash, cash equivalents and restricted cash at beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $773.00M USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $738.00M USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $662.00M USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $732.00M USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $773.00M USD Point-in-time
Stockholders Equity 14 line items
Line Item Tag Value Unit Period
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.95B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.42B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.26B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.85B USD Point-in-time
Profit of consolidated companies ProfitLoss $104.00M USD 1 Quarter
Profit of consolidated companies ProfitLoss $95.00M USD 1 Quarter
Foreign currency translation, net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $15.00M USD 1 Quarter
Foreign currency translation, net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $71.00M USD 1 Quarter
Derivative financial instruments, net of tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent $-14.00M USD 1 Quarter
Derivative financial instruments, net of tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent $-6.00M USD 1 Quarter
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.95B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.42B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.26B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.85B USD Point-in-time
Comprehensive Income 22 line items
Line Item Tag Value Unit Period
Foreign currency translation, tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax $-16.00M USD 1 Quarter
Profit of consolidated companies ProfitLoss $104.00M USD 1 Quarter
Profit of consolidated companies ProfitLoss $95.00M USD 1 Quarter
Foreign currency translation, tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax $4.00M USD 1 Quarter
Foreign currency translation, net of tax (expense)/benefit OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $15.00M USD 1 Quarter
Gains (losses) deferred, tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax $-7.00M USD 1 Quarter
Gains (losses) deferred, tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax $-1.00M USD 1 Quarter
Foreign currency translation, net of tax (expense)/benefit OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $71.00M USD 1 Quarter
(Gains) losses reclassified to earnings, tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax $-3.00M USD 1 Quarter
(Gains) losses reclassified to earnings, tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax $5.00M USD 1 Quarter
Gains (losses) deferred, net of tax (expense)/benefit OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $-3.00M USD 1 Quarter
Gains (losses) deferred, net of tax (expense)/benefit OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $-26.00M USD 1 Quarter
(Gains) losses reclassified to earnings, net of tax expense/(benefit) OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $11.00M USD 1 Quarter
(Gains) losses reclassified to earnings, net of tax expense/(benefit) OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $-20.00M USD 1 Quarter
Total Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $1.00M USD 1 Quarter
Total Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $65.00M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $160.00M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $105.00M USD 1 Quarter
Less: Comprehensive income (loss) attributable to the noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $8.00M USD 1 Quarter
Less: Comprehensive income (loss) attributable to the noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $10.00M USD 1 Quarter
Comprehensive income (loss) attributable to Caterpillar Financial Services Corporation ComprehensiveIncomeNetOfTax $97.00M USD 1 Quarter
Comprehensive income (loss) attributable to Caterpillar Financial Services Corporation ComprehensiveIncomeNetOfTax $150.00M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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