Caterpillar Historical Income Statement

CAT Stock  USD 364.65  8.26  2.32%   
Historical analysis of Caterpillar income statement accounts such as Interest Expense of 454 M, Selling General Administrative of 3.8 B or Total Revenue of 35.3 B can show how well Caterpillar performed in making a profits. Evaluating Caterpillar income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Caterpillar's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Caterpillar latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Caterpillar is a good buy for the upcoming year.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Caterpillar. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
For more information on how to buy Caterpillar Stock please use our How to Invest in Caterpillar guide.

About Caterpillar Income Statement Analysis

Caterpillar Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Caterpillar shareholders. The income statement also shows Caterpillar investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Caterpillar Income Statement Chart

Caterpillar Income Statement is one of the three primary financial statements used for reporting Caterpillar's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Caterpillar revenue and expense. Caterpillar Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Caterpillar's Net Income From Continuing Ops is comparatively stable compared to the past year. Non Operating Income Net Other is likely to gain to about 1.6 B in 2024, whereas Selling General Administrative is likely to drop slightly above 3.8 B in 2024.

Total Revenue

Total revenue comprises all receipts Caterpillar generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Caterpillar minus its cost of goods sold. It is profit before Caterpillar operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Caterpillar. It is also known as Caterpillar overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most accounts from Caterpillar's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Caterpillar current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Caterpillar. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
For more information on how to buy Caterpillar Stock please use our How to Invest in Caterpillar guide.At this time, Caterpillar's Net Income From Continuing Ops is comparatively stable compared to the past year. Non Operating Income Net Other is likely to gain to about 1.6 B in 2024, whereas Selling General Administrative is likely to drop slightly above 3.8 B in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit15.0B17.5B23.5B24.6B
Total Revenue51.0B59.4B67.1B35.3B

Caterpillar income statement Correlations

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0.10.150.380.490.890.390.970.960.950.430.190.98-0.190.620.251.00.64-0.660.440.42-0.050.8-0.780.69
0.190.250.480.520.790.470.760.770.780.470.420.76-0.110.620.420.610.4-0.210.480.8-0.190.5-0.440.3
0.540.650.870.860.570.910.330.380.480.890.880.31-0.110.250.420.21-0.13-0.03-0.110.010.080.010.17-0.22
0.070.130.340.460.870.360.970.960.940.390.140.98-0.191.00.610.210.65-0.640.440.42-0.040.81-0.790.69
0.21-0.140.040.040.46-0.030.550.530.56-0.02-0.080.630.290.640.4-0.130.65-0.50.430.470.050.62-0.820.53
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0.22-0.090.320.270.40.180.450.410.440.170.250.480.050.440.48-0.110.440.43-0.410.77-0.430.38-0.630.81
0.09-0.040.250.230.480.150.520.490.490.130.210.540.090.420.80.010.420.47-0.190.77-0.350.46-0.480.44
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-0.29-0.060.060.110.720.010.820.810.720.02-0.040.79-0.480.80.50.010.810.62-0.40.380.46-0.02-0.760.54
-0.090.08-0.09-0.11-0.62-0.02-0.72-0.69-0.69-0.030.05-0.750.08-0.78-0.440.17-0.79-0.820.68-0.63-0.480.14-0.76-0.83
0.14-0.130.160.170.50.080.610.570.580.090.020.64-0.040.690.3-0.220.690.53-0.650.810.44-0.340.54-0.83
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Caterpillar Account Relationship Matchups

Caterpillar income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization2.5B2.4B4.2B4.4B2.1B1.9B
Interest Expense421M514M488M443M511M454.0M
Selling General Administrative5.2B4.6B5.4B5.7B6.4B3.8B
Total Revenue53.8B41.7B51.0B59.4B67.1B35.3B
Gross Profit16.4B12.1B15.0B17.5B23.5B24.6B
Other Operating Expenses45.5B37.2B44.1B50.6B53.2B31.2B
Ebit8.3B4.6B6.9B7.9B13.8B14.5B
Ebitda10.8B6.9B11.0B12.3B16.0B16.8B
Cost Of Revenue37.4B29.7B36.0B41.9B43.6B25.3B
Total Operating Expenses8.1B7.5B8.1B8.7B9.6B5.9B
Income Before Tax7.8B4.0B8.2B8.8B13.1B13.7B
Total Other Income Expense Net(478M)(558M)1.3B848M(776M)(737.2M)
Net Income6.1B3.0B6.5B6.7B10.3B10.9B
Income Tax Expense1.7B1.0B1.7B2.1B2.8B2.9B
Research Development1.7B1.4B1.7B1.8B2.1B1.6B
Net Income Applicable To Common Shares6.1B3.0B6.5B6.7B7.7B8.1B
Net Income From Continuing Ops6.1B3.0B6.5B6.7B10.3B10.8B
Non Operating Income Net Other(29M)(30M)1.8B1.3B1.5B1.6B
Tax Provision1.7B1.0B1.7B2.1B2.8B1.9B
Interest Income227M514M488M443M494M497.0M
Net Interest Income(421M)(514M)(488M)(443M)(17M)(17.9M)
Reconciled Depreciation2.6B2.4B2.4B2.2B2.1B2.0B
Extraordinary Items104M178M80M36M41.4M43.5M

Pair Trading with Caterpillar

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Caterpillar position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Caterpillar will appreciate offsetting losses from the drop in the long position's value.

Moving against Caterpillar Stock

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The ability to find closely correlated positions to Caterpillar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Caterpillar when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Caterpillar - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Caterpillar to buy it.
The correlation of Caterpillar is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Caterpillar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Caterpillar moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Caterpillar can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Caterpillar is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Caterpillar Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Caterpillar Stock. Highlighted below are key reports to facilitate an investment decision about Caterpillar Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Caterpillar. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
For more information on how to buy Caterpillar Stock please use our How to Invest in Caterpillar guide.
Note that the Caterpillar information on this page should be used as a complementary analysis to other Caterpillar's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.

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Is Caterpillar's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Caterpillar. If investors know Caterpillar will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Caterpillar listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.893
Dividend Share
5.1
Earnings Share
20.14
Revenue Per Share
131.336
Quarterly Revenue Growth
0.029
The market value of Caterpillar is measured differently than its book value, which is the value of Caterpillar that is recorded on the company's balance sheet. Investors also form their own opinion of Caterpillar's value that differs from its market value or its book value, called intrinsic value, which is Caterpillar's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Caterpillar's market value can be influenced by many factors that don't directly affect Caterpillar's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Caterpillar's value and its price as these two are different measures arrived at by different means. Investors typically determine if Caterpillar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Caterpillar's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.