10-K Filing

CATERPILLAR FINANCIAL SERVICES CORP CIK: 764764 FY 2019

Filing Information

Form Type	10-K
Accession Number	`0000764764-20-000032`
Period End Date	20191231
Filing Date	20200219
Fiscal Year	2019
Fiscal Period	FY
XBRL Instance	cfsc-20191231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 75 Stockholders Equity 20 Comprehensive Income 33

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Common stock - par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock - par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsAndShortTermInvestments`	$766.00M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsAndShortTermInvestments`	$690.00M	USD	Point-in-time
Common stock - authorized	`CommonStockSharesAuthorized`	2,000.00	shares	Point-in-time
Common stock - authorized	`CommonStockSharesAuthorized`	2,000.00	shares	Point-in-time
Finance receivables, net	`LoansAndLeasesReceivableNetReportedAmount`	$27.92B	USD	Point-in-time
Finance receivables, net	`LoansAndLeasesReceivableNetReportedAmount`	$27.83B	USD	Point-in-time
Notes receivable from Caterpillar	`NotesReceivableRelatedParties`	$559.00M	USD	Point-in-time
Common stock - issued	`CommonStockSharesIssued`	1.00	shares	Point-in-time
Common stock - issued	`CommonStockSharesIssued`	1.00	shares	Point-in-time
Notes receivable from Caterpillar	`NotesReceivableRelatedParties`	$662.00M	USD	Point-in-time
Notes receivable from Caterpillar	`NotesReceivableRelatedParties`	$296.00M	USD	Point-in-time
Equipment on operating leases, net	`PropertyPlantandEquipmentNetAssetsLeasedtoOthers`	$3.58B	USD	Point-in-time
Common stock - outstanding	`CommonStockSharesOutstanding`	1.00	shares	Point-in-time
Common stock - outstanding	`CommonStockSharesOutstanding`	1.00	shares	Point-in-time
Equipment on operating leases, net	`PropertyPlantandEquipmentNetAssetsLeasedtoOthers`	$3.56B	USD	Point-in-time
Other assets	`OtherAssets`	$1.29B	USD	Point-in-time
Other assets	`OtherAssets`	$1.27B	USD	Point-in-time
Total assets	`Assets`	$34.18B	USD	Point-in-time
Total assets	`Assets`	$33.16B	USD	Point-in-time
Total assets	`Assets`	$33.69B	USD	Point-in-time
Payable to dealers and others	`AccountsPayableCurrentAndNoncurrent`	$135.00M	USD	Point-in-time
Payable to dealers and others	`AccountsPayableCurrentAndNoncurrent`	$117.00M	USD	Point-in-time
Payable to Caterpillar - borrowings and other	`Payabletorelatedpartyborrowingsandother`	$1.60B	USD	Point-in-time
Payable to Caterpillar - borrowings and other	`Payabletorelatedpartyborrowingsandother`	$693.00M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrentAndNoncurrent`	$241.00M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrentAndNoncurrent`	$259.00M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$5.16B	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`	$6.19B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$17.00B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$17.14B	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$893.00M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$817.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$30.46B	USD	Point-in-time
Total liabilities	`Liabilities`	$31.33B	USD	Point-in-time
Commitments and contingent liabilities (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingent liabilities (Note 11)	`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`	$3.16B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.87B	USD	Point-in-time
Accumulated other comprehensive income/(loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-925.00M	USD	Point-in-time
Accumulated other comprehensive income/(loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-592.00M	USD	Point-in-time
Accumulated other comprehensive income/(loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-845.00M	USD	Point-in-time
Accumulated other comprehensive income/(loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-995.00M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$153.00M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$172.00M	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 shareholder's equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.98B	USD	Point-in-time
Total shareholder's equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.24B	USD	Point-in-time
Total liabilities and shareholder's equity	`LiabilitiesAndStockholdersEquity`	$33.69B	USD	Point-in-time
Total liabilities and shareholder's equity	`LiabilitiesAndStockholdersEquity`	$34.18B	USD	Point-in-time

Income Statement 75 line items

Line Item	Tag	Value	Unit	Period
Retail finance	`RetailFinanceRevenue`	$1.37B	USD	Annual
Retail finance	`RetailFinanceRevenue`	$1.31B	USD	Annual
Retail finance	`RetailFinanceRevenue`	$1.24B	USD	Annual
Operating lease	`OperatingLeaseLeaseIncome`	$985.00M	USD	Annual
Operating lease	`OperatingLeaseLeaseIncome`	$1.04B	USD	Annual
Operating lease	`OperatingLeaseLeaseIncome`	$1.01B	USD	Annual
Wholesale finance	`WholesaleFinanceRevenue`	$491.00M	USD	Annual
Wholesale finance	`WholesaleFinanceRevenue`	$415.00M	USD	Annual
Wholesale finance	`WholesaleFinanceRevenue`	$307.00M	USD	Annual
Other, net	`OtherIncome`	$113.00M	USD	Annual
Other, net	`OtherIncome`	$162.00M	USD	Annual
Other, net	`OtherIncome`	$69.00M	USD	Annual
Total revenues	`Revenues`	$723.00M	USD	1 Quarter
Total revenues	`Revenues`	$2.97B	USD	Annual
Total revenues	`Revenues`	$699.00M	USD	1 Quarter
Total revenues	`Revenues`	$735.00M	USD	1 Quarter
Total revenues	`Revenues`	$736.00M	USD	1 Quarter
Total revenues	`Revenues`	$690.00M	USD	1 Quarter
Total revenues	`Revenues`	$725.00M	USD	1 Quarter
Total revenues	`Revenues`	$757.00M	USD	1 Quarter
Total revenues	`Revenues`	$748.00M	USD	1 Quarter
Total revenues	`Revenues`	$2.85B	USD	Annual
Total revenues	`Revenues`	$2.69B	USD	Annual
Interest	`InterestExpense`	$787.00M	USD	Annual
Interest	`InterestExpense`	$667.00M	USD	Annual
Interest	`InterestExpense`	$757.00M	USD	Annual
Depreciation on equipment leased to others	`OperatingLeasesIncomeStatementDepreciationExpenseOnPropertySubjectToOrHeldForLease`	$810.00M	USD	Annual
Depreciation on equipment leased to others	`OperatingLeasesIncomeStatementDepreciationExpenseOnPropertySubjectToOrHeldForLease`	$819.00M	USD	Annual
Depreciation on equipment leased to others	`OperatingLeasesIncomeStatementDepreciationExpenseOnPropertySubjectToOrHeldForLease`	$813.00M	USD	Annual
General, operating and administrative	`SellingGeneralAndAdministrativeExpense`	$423.00M	USD	Annual
General, operating and administrative	`SellingGeneralAndAdministrativeExpense`	$516.00M	USD	Annual
General, operating and administrative	`SellingGeneralAndAdministrativeExpense`	$429.00M	USD	Annual
Provision for credit losses	`ProvisionForLoanLeaseAndOtherLosses`	$162.00M	USD	Annual
Provision for credit losses	`ProvisionForLoanLeaseAndOtherLosses`	$354.00M	USD	Annual
Provision for credit losses	`ProvisionForLoanLeaseAndOtherLosses`	$132.00M	USD	Annual
Other	`OtherCostAndExpenseOperating`	$36.00M	USD	Annual
Other	`OtherCostAndExpenseOperating`	$38.00M	USD	Annual
Other	`OtherCostAndExpenseOperating`	$46.00M	USD	Annual
Total expenses	`CostsAndExpenses`	$2.39B	USD	Annual
Total expenses	`CostsAndExpenses`	$2.08B	USD	Annual
Total expenses	`CostsAndExpenses`	$2.31B	USD	Annual
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-24.00M	USD	Annual
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-23.00M	USD	Annual
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-15.00M	USD	Annual
Profit before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$184.00M	USD	1 Quarter
Profit before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$161.00M	USD	1 Quarter
Profit before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$628.00M	USD	Annual
Profit before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$590.00M	USD	Annual
Profit before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$46.00M	USD	1 Quarter
Profit before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$100.00M	USD	1 Quarter
Profit before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$142.00M	USD	1 Quarter
Profit before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$141.00M	USD	1 Quarter
Profit before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$124.00M	USD	1 Quarter
Profit before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$433.00M	USD	Annual
Profit before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$163.00M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$108.00M	USD	Annual
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$-4.00M	USD	Annual
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$196.00M	USD	Annual
Profit of consolidated companies	`ProfitLoss`	$432.00M	USD	Annual
Profit of consolidated companies	`ProfitLoss`	$325.00M	USD	Annual
Profit of consolidated companies	`ProfitLoss`	$594.00M	USD	Annual
Less: Profit attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$22.00M	USD	Annual
Less: Profit attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$8.00M	USD	Annual
Less: Profit attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$20.00M	USD	Annual
Profit	`NetIncomeLoss`	$410.00M	USD	Annual
Profit	`NetIncomeLoss`	$104.00M	USD	1 Quarter
Profit	`NetIncomeLoss`	$305.00M	USD	Annual
Profit	`NetIncomeLoss`	$18.00M	USD	1 Quarter
Profit	`NetIncomeLoss`	$91.00M	USD	1 Quarter
Profit	`NetIncomeLoss`	$71.00M	USD	1 Quarter
Profit	`NetIncomeLoss`	$129.00M	USD	1 Quarter
Profit	`NetIncomeLoss`	$79.00M	USD	1 Quarter
Profit	`NetIncomeLoss`	$98.00M	USD	1 Quarter
Profit	`NetIncomeLoss`	$125.00M	USD	1 Quarter
Profit	`NetIncomeLoss`	$586.00M	USD	Annual

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.26B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.85B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.98B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.24B	USD	Point-in-time
Profit of consolidated companies	`ProfitLoss`	$432.00M	USD	Annual
Profit of consolidated companies	`ProfitLoss`	$325.00M	USD	Annual
Profit of consolidated companies	`ProfitLoss`	$594.00M	USD	Annual
Dividend paid to Caterpillar	`PaymentsOfDividends`	$400.00M	USD	Annual
Dividend paid to Caterpillar	`PaymentsOfDividends`	$725.00M	USD	Annual
Dividend paid to Caterpillar	`PaymentsOfDividends`	$25.00M	USD	Annual
Foreign currency translation, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-309.00M	USD	Annual
Foreign currency translation, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$414.00M	USD	Annual
Foreign currency translation, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$11.00M	USD	Annual
Derivative financial instruments, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-31.00M	USD	Annual
Derivative financial instruments, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-4.00M	USD	Annual
Derivative financial instruments, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-31.00M	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.26B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.85B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.98B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.24B	USD	Point-in-time

Comprehensive Income 33 line items

Line Item	Tag	Value	Unit	Period
Profit of consolidated companies	`ProfitLoss`	$432.00M	USD	Annual
Profit of consolidated companies	`ProfitLoss`	$325.00M	USD	Annual
Foreign currency translation, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-106.00M	USD	Annual
Foreign currency translation, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-4.00M	USD	Annual
Profit of consolidated companies	`ProfitLoss`	$594.00M	USD	Annual
Foreign currency translation, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-25.00M	USD	Annual
Foreign currency translation, net of tax (expense)/benefit	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-309.00M	USD	Annual
Gains (losses) deferred, tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax`	$29.00M	USD	Annual
Gains (losses) deferred, tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax`	$6.00M	USD	Annual
Gains (losses) deferred, tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax`	$-28.00M	USD	Annual
Foreign currency translation, net of tax (expense)/benefit	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$414.00M	USD	Annual
Foreign currency translation, net of tax (expense)/benefit	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$11.00M	USD	Annual
(Gains) losses reclassified to earnings, tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax`	$-38.00M	USD	Annual
(Gains) losses reclassified to earnings, tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax`	$-14.00M	USD	Annual
(Gains) losses reclassified to earnings, tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax`	$27.00M	USD	Annual
Gains (losses) deferred, net of tax (expense)/benefit	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$17.00M	USD	Annual
Gains (losses) deferred, net of tax (expense)/benefit	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$98.00M	USD	Annual
Gains (losses) deferred, net of tax (expense)/benefit	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$-49.00M	USD	Annual
(Gains) losses reclassified to earnings, net of tax expense/(benefit)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$129.00M	USD	Annual
(Gains) losses reclassified to earnings, net of tax expense/(benefit)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-45.00M	USD	Annual
(Gains) losses reclassified to earnings, net of tax expense/(benefit)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$48.00M	USD	Annual
Total Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-20.00M	USD	Annual
Total Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-340.00M	USD	Annual
Total Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$410.00M	USD	Annual
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-15.00M	USD	Annual
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.00B	USD	Annual
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$412.00M	USD	Annual
Less: Comprehensive income (loss) attributable to the noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$15.00M	USD	Annual
Less: Comprehensive income (loss) attributable to the noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$19.00M	USD	Annual
Less: Comprehensive income (loss) attributable to the noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$13.00M	USD	Annual
Comprehensive income (loss) attributable to Caterpillar Financial Services Corporation	`ComprehensiveIncomeNetOfTax`	$393.00M	USD	Annual
Comprehensive income (loss) attributable to Caterpillar Financial Services Corporation	`ComprehensiveIncomeNetOfTax`	$989.00M	USD	Annual
Comprehensive income (loss) attributable to Caterpillar Financial Services Corporation	`ComprehensiveIncomeNetOfTax`	$-28.00M	USD	Annual

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