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10-Q Filing

CATERPILLAR FINANCIAL SERVICES CORP CIK: 764764 Q1 2020
Filing Information
Form Type 10-Q
Accession Number 0000764764-20-000047
Period End Date 20200331
Filing Date 20200506
Fiscal Year 2020
Fiscal Period Q1
XBRL Instance cfsc-20200331.xml
Balance Sheet 59 line items
Line Item Tag Value Unit Period
Allowance for credit losses FinancingReceivableAllowanceForCreditLosses $511.00M USD Point-in-time
Allowance for credit losses FinancingReceivableAllowanceForCreditLosses $424.00M USD Point-in-time
Allowance for credit losses FinancingReceivableAllowanceForCreditLosses $457.00M USD Point-in-time
Cash and cash equivalents CashCashEquivalentsAndShortTermInvestments $670.00M USD Point-in-time
Cash and cash equivalents CashCashEquivalentsAndShortTermInvestments $690.00M USD Point-in-time
Common stock - par value CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Finance receivables, net of Allowance for credit losses LoansAndLeasesReceivableNetReportedAmount $26.57B USD Point-in-time
Common stock - par value CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Finance receivables, net of Allowance for credit losses LoansAndLeasesReceivableNetReportedAmount $27.83B USD Point-in-time
Common stock - authorized CommonStockSharesAuthorized 2,000.00 shares Point-in-time
Notes receivable from Caterpillar NotesReceivableRelatedParties $296.00M USD Point-in-time
Common stock - authorized CommonStockSharesAuthorized 2,000.00 shares Point-in-time
Notes receivable from Caterpillar NotesReceivableRelatedParties $290.00M USD Point-in-time
Common stock - issued CommonStockSharesIssued 1.00 shares Point-in-time
Equipment on operating leases, net PropertyPlantandEquipmentNetAssetsLeasedtoOthers $3.40B USD Point-in-time
Equipment on operating leases, net PropertyPlantandEquipmentNetAssetsLeasedtoOthers $3.58B USD Point-in-time
Common stock - issued CommonStockSharesIssued 1.00 shares 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 $1.41B USD Point-in-time
Other assets OtherAssets $1.29B USD Point-in-time
Total assets Assets $32.33B USD Point-in-time
Total assets Assets $33.69B USD Point-in-time
Payable to dealers and others AccountsPayableCurrentAndNoncurrent $118.00M USD Point-in-time
Payable to dealers and others AccountsPayableCurrentAndNoncurrent $135.00M USD Point-in-time
Payable to Caterpillar - borrowings and other Payabletorelatedpartyborrowingsandother $693.00M USD Point-in-time
Payable to Caterpillar - borrowings and other Payabletorelatedpartyborrowingsandother $112.00M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrentAndNoncurrent $233.00M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrentAndNoncurrent $241.00M USD Point-in-time
Short-term borrowings ShortTermBorrowings $4.79B USD Point-in-time
Short-term borrowings ShortTermBorrowings $5.16B USD Point-in-time
Current maturities of long-term debt LongTermDebtCurrent $6.19B USD Point-in-time
Current maturities of long-term debt LongTermDebtCurrent $7.79B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $15.37B 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 $901.00M USD Point-in-time
Total liabilities Liabilities $29.32B USD Point-in-time
Total liabilities Liabilities $30.46B USD Point-in-time
Commitments and contingent liabilities (Note 7) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingent liabilities (Note 7) 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 $3.24B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $3.16B USD Point-in-time
Accumulated other comprehensive income/(loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-829.00M USD Point-in-time
Accumulated other comprehensive income/(loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.15B USD Point-in-time
Accumulated other comprehensive income/(loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-925.00M USD Point-in-time
Accumulated other comprehensive income/(loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-845.00M USD Point-in-time
Noncontrolling interests MinorityInterest $172.00M USD Point-in-time
Noncontrolling interests MinorityInterest $175.00M USD Point-in-time
Total shareholder's equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.24B USD Point-in-time
Total shareholder's equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.95B USD Point-in-time
Total shareholder's equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.02B USD Point-in-time
Total shareholder's equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.85B USD Point-in-time
Total liabilities and shareholder's equity LiabilitiesAndStockholdersEquity $33.69B USD Point-in-time
Total liabilities and shareholder's equity LiabilitiesAndStockholdersEquity $32.33B 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 $329.00M USD 1 Quarter
Operating lease OperatingLeaseLeaseIncome $257.00M USD 1 Quarter
Operating lease OperatingLeaseLeaseIncome $258.00M USD 1 Quarter
Wholesale finance WholesaleFinanceRevenue $99.00M USD 1 Quarter
Wholesale finance WholesaleFinanceRevenue $119.00M USD 1 Quarter
Other, net OtherIncome $10.00M USD 1 Quarter
Other, net OtherIncome $24.00M USD 1 Quarter
Total revenues Revenues $736.00M USD 1 Quarter
Total revenues Revenues $695.00M USD 1 Quarter
Interest InterestExpense $201.00M USD 1 Quarter
Interest InterestExpense $175.00M USD 1 Quarter
Depreciation on equipment leased to others OperatingLeasesIncomeStatementDepreciationExpenseOnPropertySubjectToOrHeldForLease $202.00M USD 1 Quarter
Depreciation on equipment leased to others OperatingLeasesIncomeStatementDepreciationExpenseOnPropertySubjectToOrHeldForLease $201.00M USD 1 Quarter
General, operating and administrative SellingGeneralAndAdministrativeExpense $124.00M USD 1 Quarter
General, operating and administrative SellingGeneralAndAdministrativeExpense $108.00M USD 1 Quarter
Provision for credit losses ProvisionForLoanLeaseAndOtherLosses $53.00M USD 1 Quarter
Provision for credit losses ProvisionForLoanLeaseAndOtherLosses $61.00M USD 1 Quarter
Other OtherCostAndExpenseOperating $13.00M USD 1 Quarter
Other OtherCostAndExpenseOperating $10.00M USD 1 Quarter
Total expenses CostsAndExpenses $558.00M USD 1 Quarter
Total expenses CostsAndExpenses $590.00M USD 1 Quarter
Other income (expense) OtherNonoperatingIncomeExpense $-4.00M USD 1 Quarter
Other income (expense) OtherNonoperatingIncomeExpense $-10.00M USD 1 Quarter
Profit before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $127.00M USD 1 Quarter
Profit before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $142.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $33.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $38.00M USD 1 Quarter
Profit of consolidated companies ProfitLoss $94.00M USD 1 Quarter
Profit of consolidated companies ProfitLoss $104.00M USD 1 Quarter
Less: Profit attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $4.00M USD 1 Quarter
Less: Profit attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $6.00M USD 1 Quarter
Profit NetIncomeLoss $98.00M USD 1 Quarter
Profit NetIncomeLoss $90.00M USD 1 Quarter
Cash Flow Statement 68 line items
Line Item Tag Value Unit Period
Restricted cash and cash equivalents RestrictedCashAndInvestmentsCurrent $4.00M USD Point-in-time
Restricted cash and cash equivalents RestrictedCashAndInvestmentsCurrent $5.00M USD Point-in-time
Profit of consolidated companies ProfitLoss $94.00M USD 1 Quarter
Profit of consolidated companies ProfitLoss $104.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $206.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $205.00M USD 1 Quarter
Amortization of receivables purchase discount AmortizationOfReceivablesPurchaseDiscount $109.00M USD 1 Quarter
Amortization of receivables purchase discount AmortizationOfReceivablesPurchaseDiscount $91.00M USD 1 Quarter
Provision for credit losses ProvisionForLoanLeaseAndOtherLosses $53.00M USD 1 Quarter
Provision for credit losses ProvisionForLoanLeaseAndOtherLosses $61.00M USD 1 Quarter
Other, net OtherNoncashIncomeExpense $-33.00M USD 1 Quarter
Other, net OtherNoncashIncomeExpense $-150.00M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $-2.00M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $42.00M USD 1 Quarter
Payable to dealers and others IncreaseDecreaseInAccountsPayableTrade $35.00M USD 1 Quarter
Payable to dealers and others IncreaseDecreaseInAccountsPayableTrade $13.00M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-11.00M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-17.00M USD 1 Quarter
Other payables with Caterpillar IncreaseDecreaseInAccountsPayableRelatedParties $9.00M USD 1 Quarter
Other payables with Caterpillar IncreaseDecreaseInAccountsPayableRelatedParties $4.00M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-3.00M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $4.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $401.00M 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 $246.00M USD 1 Quarter
Capital expenditures - excluding equipment on operating leases PaymentsToAcquirePropertyPlantAndEquipment $1.00M USD 1 Quarter
Capital expenditures - excluding equipment on operating leases PaymentsToAcquirePropertyPlantAndEquipment $4.00M USD 1 Quarter
Proceeds from disposals of equipment ProceedsFromSaleOfPropertyPlantAndEquipment $155.00M USD 1 Quarter
Proceeds from disposals of equipment ProceedsFromSaleOfPropertyPlantAndEquipment $182.00M USD 1 Quarter
Additions to finance receivables PaymentsToAcquireFinanceReceivables $3.21B USD 1 Quarter
Additions to finance receivables PaymentsToAcquireFinanceReceivables $2.97B USD 1 Quarter
Collections of finance receivables ProceedsFromCollectionOfFinanceReceivables $3.42B USD 1 Quarter
Collections of finance receivables ProceedsFromCollectionOfFinanceReceivables $3.10B USD 1 Quarter
Net changes in Caterpillar purchased receivables NetChangesInCaterpillarPurchasedReceivables $-376.00M USD 1 Quarter
Net changes in Caterpillar purchased receivables NetChangesInCaterpillarPurchasedReceivables $16.00M USD 1 Quarter
Proceeds from sales of receivables ProceedsFromSaleOfFinanceReceivables $31.00M USD 1 Quarter
Proceeds from sales of receivables ProceedsFromSaleOfFinanceReceivables $44.00M USD 1 Quarter
Net change in variable lending to Caterpillar ProceedsFromPaymentsForLongTermLoansForRelatedParties $1.00M USD 1 Quarter
Net change in variable lending to Caterpillar ProceedsFromPaymentsForLongTermLoansForRelatedParties - USD 1 Quarter
Collections on other notes receivable with Caterpillar RepaymentOfNotesReceivableFromRelatedParties $6.00M USD 1 Quarter
Collections on other notes receivable with Caterpillar RepaymentOfNotesReceivableFromRelatedParties $16.00M USD 1 Quarter
Settlements of undesignated derivatives PaymentsForProceedsFromDerivativeInstrumentInvestingActivities $-35.00M USD 1 Quarter
Settlements of undesignated derivatives PaymentsForProceedsFromDerivativeInstrumentInvestingActivities $25.00M USD 1 Quarter
Net cash provided by (used for) investing activities NetCashProvidedByUsedInInvestingActivities $565.00M USD 1 Quarter
Net cash provided by (used for) investing activities NetCashProvidedByUsedInInvestingActivities $81.00M USD 1 Quarter
Net change in variable lending from Caterpillar ProceedsFromRepaymentsOfRelatedPartyDebt $-596.00M USD 1 Quarter
Net change in variable lending from Caterpillar ProceedsFromRepaymentsOfRelatedPartyDebt $-63.00M USD 1 Quarter
Proceeds from debt issued (original maturities greater than three months) ProceedsFromDebtMaturingInMoreThanThreeMonths $2.13B USD 1 Quarter
Proceeds from debt issued (original maturities greater than three months) ProceedsFromDebtMaturingInMoreThanThreeMonths $2.66B USD 1 Quarter
Payments on debt issued (original maturities greater than three months) RepaymentsOfDebtMaturingInMoreThanThreeMonths $2.46B 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 $-525.00M USD 1 Quarter
Short-term borrowings, net (original maturities three months or less) ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess $-35.00M USD 1 Quarter
Net cash provided by (used for) financing activities NetCashProvidedByUsedInFinancingActivities $-965.00M USD 1 Quarter
Net cash provided by (used for) financing activities NetCashProvidedByUsedInFinancingActivities $-489.00M USD 1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-22.00M USD 1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-2.00M USD 1 Quarter
Increase/(decrease) in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-111.00M USD 1 Quarter
Increase/(decrease) in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-21.00M USD 1 Quarter
Cash, cash equivalents and restricted cash at beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $773.00M USD Point-in-time
Cash, cash equivalents and restricted cash at beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $695.00M USD Point-in-time
Cash, cash equivalents and restricted cash at beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $674.00M 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 end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $773.00M USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $695.00M USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $674.00M USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $662.00M USD Point-in-time
Stockholders Equity 14 line items
Line Item Tag Value Unit Period
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.24B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.95B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.02B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.85B USD Point-in-time
Profit of consolidated companies ProfitLoss $94.00M USD 1 Quarter
Profit of consolidated companies ProfitLoss $104.00M USD 1 Quarter
Foreign currency translation, net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $15.00M USD 1 Quarter
Foreign currency translation, net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-307.00M 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 $3.24B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.95B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.02B 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 $12.00M USD 1 Quarter
Profit of consolidated companies ProfitLoss $94.00M USD 1 Quarter
Profit of consolidated companies ProfitLoss $104.00M 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 $-1.00M USD 1 Quarter
Gains (losses) deferred, tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax $19.00M USD 1 Quarter
Foreign currency translation, net of tax (expense)/benefit OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-307.00M USD 1 Quarter
(Gains) losses reclassified to earnings, tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax $-3.00M USD 1 Quarter
(Gains) losses reclassified to earnings, tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax $-16.00M USD 1 Quarter
Gains (losses) deferred, net of tax (expense)/benefit OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $67.00M USD 1 Quarter
Gains (losses) deferred, net of tax (expense)/benefit OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $-3.00M 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 $61.00M 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 $-301.00M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $105.00M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-207.00M 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 $3.00M 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 $-210.00M USD 1 Quarter

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

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