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10-Q Filing

CATERPILLAR FINANCIAL SERVICES CORP CIK: 764764 Q1 2021
Filing Information
Form Type 10-Q
Accession Number 0000764764-21-000034
Period End Date 20210331
Filing Date 20210505
Fiscal Year 2021
Fiscal Period Q1
XBRL Instance cfsc-20210331_htm.xml
Balance Sheet 58 line items
Line Item Tag Value Unit Period
Allowance for credit losses FinancingReceivableAllowanceForCreditLosses $441.00M USD Point-in-time
Allowance for credit losses FinancingReceivableAllowanceForCreditLosses $479.00M USD Point-in-time
Allowance for credit losses FinancingReceivableAllowanceForCreditLosses $424.00M USD Point-in-time
Cash and cash equivalents CashCashEquivalentsAndShortTermInvestments $735.00M USD Point-in-time
Cash and cash equivalents CashCashEquivalentsAndShortTermInvestments $411.00M 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 $26.50B USD Point-in-time
Common stock - authorized CommonStockSharesAuthorized 2,000.00 shares Point-in-time
Notes receivable from Caterpillar NotesReceivableRelatedParties $356.00M USD Point-in-time
Notes receivable from Caterpillar NotesReceivableRelatedParties $331.00M USD Point-in-time
Common stock - authorized CommonStockSharesAuthorized 2,000.00 shares Point-in-time
Common stock - issued CommonStockSharesIssued 1.00 shares Point-in-time
Equipment on operating leases, net PropertyPlantandEquipmentNetAssetsLeasedtoOthers $3.37B USD Point-in-time
Equipment on operating leases, net PropertyPlantandEquipmentNetAssetsLeasedtoOthers $3.24B USD Point-in-time
Common stock - issued CommonStockSharesIssued 1.00 shares Point-in-time
Common stock - outstanding CommonStockSharesOutstanding 1.00 shares Point-in-time
Other assets OtherAssets $1.28B USD Point-in-time
Common stock - outstanding CommonStockSharesOutstanding 1.00 shares Point-in-time
Other assets OtherAssets $1.28B USD Point-in-time
Total assets Assets $31.99B USD Point-in-time
Total assets Assets $32.08B USD Point-in-time
Payable to dealers and others AccountsPayableCurrentAndNoncurrent $148.00M USD Point-in-time
Payable to dealers and others AccountsPayableCurrentAndNoncurrent $144.00M USD Point-in-time
Payable to Caterpillar - borrowings and other Payabletorelatedpartyborrowingsandother $1.09B USD Point-in-time
Payable to Caterpillar - borrowings and other Payabletorelatedpartyborrowingsandother $96.00M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrentAndNoncurrent $259.00M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrentAndNoncurrent $400.00M USD Point-in-time
Short-term borrowings ShortTermBorrowings $3.62B USD Point-in-time
Short-term borrowings ShortTermBorrowings $2.00B USD Point-in-time
Current maturities of long-term debt LongTermDebtCurrent $6.90B USD Point-in-time
Current maturities of long-term debt LongTermDebtCurrent $7.73B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $16.25B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $16.61B USD Point-in-time
Other liabilities OtherLiabilities $928.00M USD Point-in-time
Other liabilities OtherLiabilities $885.00M USD Point-in-time
Total liabilities Liabilities $28.56B USD Point-in-time
Total liabilities Liabilities $28.50B 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 $3.28B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $3.14B USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.15B USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-595.00M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-703.00M USD Point-in-time
Noncontrolling interests MinorityInterest $198.00M USD Point-in-time
Noncontrolling interests MinorityInterest $197.00M USD Point-in-time
Total shareholder's equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.24B USD Point-in-time
Total shareholder's equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.52B USD Point-in-time
Total shareholder's equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.02B USD Point-in-time
Total shareholder's equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.49B USD Point-in-time
Total liabilities and shareholder's equity LiabilitiesAndStockholdersEquity $32.08B USD Point-in-time
Total liabilities and shareholder's equity LiabilitiesAndStockholdersEquity $31.99B USD Point-in-time
Income Statement 34 line items
Line Item Tag Value Unit Period
Retail finance RetailFinanceRevenue $329.00M USD 1 Quarter
Retail finance RetailFinanceRevenue $303.00M USD 1 Quarter
Operating lease OperatingLeaseLeaseIncome $244.00M USD 1 Quarter
Operating lease OperatingLeaseLeaseIncome $257.00M USD 1 Quarter
Wholesale finance WholesaleFinanceRevenue $78.00M USD 1 Quarter
Wholesale finance WholesaleFinanceRevenue $99.00M USD 1 Quarter
Other, net OtherIncome $14.00M USD 1 Quarter
Other, net OtherIncome $10.00M USD 1 Quarter
Total revenues Revenues $695.00M USD 1 Quarter
Total revenues Revenues $639.00M USD 1 Quarter
Interest InterestExpense $125.00M USD 1 Quarter
Interest InterestExpense $175.00M USD 1 Quarter
Depreciation on equipment leased to others OperatingLeasesIncomeStatementDepreciationExpenseOnPropertySubjectToOrHeldForLease $192.00M USD 1 Quarter
Depreciation on equipment leased to others OperatingLeasesIncomeStatementDepreciationExpenseOnPropertySubjectToOrHeldForLease $201.00M USD 1 Quarter
General, operating and administrative SellingGeneralAndAdministrativeExpense $121.00M USD 1 Quarter
General, operating and administrative SellingGeneralAndAdministrativeExpense $108.00M USD 1 Quarter
Provision for credit losses ProvisionForLoanLeaseAndOtherLosses $-10.00M USD 1 Quarter
Provision for credit losses ProvisionForLoanLeaseAndOtherLosses $61.00M USD 1 Quarter
Other OtherCostAndExpenseOperating $13.00M USD 1 Quarter
Other OtherCostAndExpenseOperating $7.00M USD 1 Quarter
Total expenses CostsAndExpenses $558.00M USD 1 Quarter
Total expenses CostsAndExpenses $435.00M USD 1 Quarter
Other income (expense) OtherNonoperatingIncomeExpense $-8.00M 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 $196.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $33.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $53.00M USD 1 Quarter
Profit of consolidated companies ProfitLoss $94.00M USD 1 Quarter
Profit of consolidated companies ProfitLoss $143.00M USD 1 Quarter
Less: Profit attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $4.00M USD 1 Quarter
Less: Profit attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $3.00M USD 1 Quarter
Profit NetIncomeLoss $90.00M USD 1 Quarter
Profit NetIncomeLoss $140.00M USD 1 Quarter
Cash Flow Statement 72 line items
Line Item Tag Value Unit Period
Restricted cash and cash equivalents RestrictedCashAndInvestmentsCurrent $14.00M USD Point-in-time
Restricted cash and cash equivalents RestrictedCashAndInvestmentsCurrent $9.00M USD Point-in-time
Profit of consolidated companies ProfitLoss $94.00M USD 1 Quarter
Profit of consolidated companies ProfitLoss $143.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $205.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $195.00M USD 1 Quarter
Accretion of Caterpillar purchased receivable revenue AccretionOfCaterpillarPurchasedReceivableRevenue $74.00M USD 1 Quarter
Accretion of Caterpillar purchased receivable revenue AccretionOfCaterpillarPurchasedReceivableRevenue $91.00M USD 1 Quarter
Provision for credit losses ProvisionForLoanLeaseAndOtherLosses $-10.00M USD 1 Quarter
Provision for credit losses ProvisionForLoanLeaseAndOtherLosses $61.00M USD 1 Quarter
Other, net OtherNoncashIncomeExpense $-150.00M USD 1 Quarter
Other, net OtherNoncashIncomeExpense $-23.00M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $42.00M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $12.00M 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 $-17.00M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $28.00M USD 1 Quarter
Other payables with Caterpillar IncreaseDecreaseInAccountsPayableRelatedParties $9.00M USD 1 Quarter
Other payables with Caterpillar IncreaseDecreaseInAccountsPayableRelatedParties $6.00M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-3.00M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $23.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $401.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $335.00M USD 1 Quarter
Expenditures for equipment on operating leases PaymentsToAcquireEquipmentOnLease $246.00M USD 1 Quarter
Expenditures for equipment on operating leases PaymentsToAcquireEquipmentOnLease $224.00M USD 1 Quarter
Capital expenditures - excluding equipment on operating leases PaymentsToAcquirePropertyPlantAndEquipment $4.00M USD 1 Quarter
Capital expenditures - excluding equipment on operating leases PaymentsToAcquirePropertyPlantAndEquipment $1.00M USD 1 Quarter
Proceeds from disposals of equipment ProceedsFromSaleOfPropertyPlantAndEquipment $244.00M USD 1 Quarter
Proceeds from disposals of equipment ProceedsFromSaleOfPropertyPlantAndEquipment $155.00M USD 1 Quarter
Additions to finance receivables PaymentsToAcquireFinanceReceivables $3.21B USD 1 Quarter
Additions to finance receivables PaymentsToAcquireFinanceReceivables $2.87B USD 1 Quarter
Collections of finance receivables ProceedsFromCollectionOfFinanceReceivables $3.06B USD 1 Quarter
Collections of finance receivables ProceedsFromCollectionOfFinanceReceivables $3.42B USD 1 Quarter
Net changes in Caterpillar purchased receivables NetChangesInCaterpillarPurchasedReceivables $-376.00M USD 1 Quarter
Net changes in Caterpillar purchased receivables NetChangesInCaterpillarPurchasedReceivables $411.00M USD 1 Quarter
Proceeds from sales of receivables ProceedsFromSaleOfFinanceReceivables $5.00M USD 1 Quarter
Proceeds from sales of receivables ProceedsFromSaleOfFinanceReceivables $31.00M USD 1 Quarter
Net change in variable lending to Caterpillar ProceedsFromPaymentsForLongTermLoansForRelatedParties - USD 1 Quarter
Net change in variable lending to Caterpillar ProceedsFromPaymentsForLongTermLoansForRelatedParties $19.00M USD 1 Quarter
Additions to other notes receivable with Caterpillar OriginationOfNotesReceivableFromRelatedParties $23.00M USD 1 Quarter
Additions to other notes receivable with Caterpillar OriginationOfNotesReceivableFromRelatedParties - USD 1 Quarter
Collections on other notes receivable with Caterpillar RepaymentOfNotesReceivableFromRelatedParties $28.00M USD 1 Quarter
Collections on other notes receivable with Caterpillar RepaymentOfNotesReceivableFromRelatedParties $6.00M USD 1 Quarter
Settlements of undesignated derivatives PaymentsForProceedsFromDerivativeInstrumentInvestingActivities $51.00M USD 1 Quarter
Settlements of undesignated derivatives PaymentsForProceedsFromDerivativeInstrumentInvestingActivities $-35.00M USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities $-1.00M USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities - USD 1 Quarter
Net cash provided by (used for) investing activities NetCashProvidedByUsedInInvestingActivities $-221.00M USD 1 Quarter
Net cash provided by (used for) investing activities NetCashProvidedByUsedInInvestingActivities $565.00M USD 1 Quarter
Net change in variable lending from Caterpillar ProceedsFromRepaymentsOfRelatedPartyDebt $-1.00B USD 1 Quarter
Net change in variable lending from Caterpillar ProceedsFromRepaymentsOfRelatedPartyDebt $-596.00M 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 $1.78B USD 1 Quarter
Payments on debt issued (original maturities greater than three months) RepaymentsOfDebtMaturingInMoreThanThreeMonths $2.24B USD 1 Quarter
Payments on debt issued (original maturities greater than three months) RepaymentsOfDebtMaturingInMoreThanThreeMonths $2.46B USD 1 Quarter
Short-term borrowings, net (original maturities three months or less) ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess $-35.00M USD 1 Quarter
Short-term borrowings, net (original maturities three months or less) ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess $1.67B USD 1 Quarter
Net cash provided by (used for) financing activities NetCashProvidedByUsedInFinancingActivities $205.00M USD 1 Quarter
Net cash provided by (used for) financing activities NetCashProvidedByUsedInFinancingActivities $-965.00M 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 - USD 1 Quarter
Increase (decrease) in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-21.00M USD 1 Quarter
Increase (decrease) in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $319.00M USD 1 Quarter
Cash, cash equivalents and restricted cash at beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $425.00M 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 $744.00M USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $425.00M 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 $744.00M 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 $3.52B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.02B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.49B USD Point-in-time
Profit of consolidated companies ProfitLoss $94.00M USD 1 Quarter
Profit of consolidated companies ProfitLoss $143.00M USD 1 Quarter
Foreign currency translation, net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-121.00M USD 1 Quarter
Foreign currency translation, net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-307.00M USD 1 Quarter
Derivative financial instruments, net of tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent $11.00M 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 $3.52B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.02B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.49B USD Point-in-time
Comprehensive Income 14 line items
Line Item Tag Value Unit Period
Profit of consolidated companies ProfitLoss $94.00M USD 1 Quarter
Profit of consolidated companies ProfitLoss $143.00M USD 1 Quarter
Foreign currency translation OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-121.00M USD 1 Quarter
Foreign currency translation OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-307.00M USD 1 Quarter
Derivative financial instruments OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent $11.00M USD 1 Quarter
Derivative financial instruments OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent $6.00M USD 1 Quarter
Total Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-110.00M USD 1 Quarter
Total Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-301.00M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $33.00M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-207.00M USD 1 Quarter
Less: Comprehensive income (loss) attributable to the noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $3.00M USD 1 Quarter
Less: Comprehensive income (loss) attributable to the noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $1.00M USD 1 Quarter
Comprehensive income (loss) attributable to Caterpillar Financial Services Corporation ComprehensiveIncomeNetOfTax $-210.00M USD 1 Quarter
Comprehensive income (loss) attributable to Caterpillar Financial Services Corporation ComprehensiveIncomeNetOfTax $32.00M USD 1 Quarter

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

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