Stock Analysis on Net
Stock Analysis on Net

Caterpillar Inc. (NYSE:CAT)

Common-Size Income Statement

Caterpillar Inc., common-size consolidated income statement

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Sales of Machinery, Energy & Transportation 100.00 100.00 100.00 100.00 100.00
Cost of goods sold -66.96 -73.09 -73.70 -74.53 -72.17
Gross margin 33.04% 26.91% 26.30% 25.47% 27.83%
Revenues of Financial Products 5.00 5.04 5.78 6.99 6.00
Selling, general and administrative expenses -9.98 -9.99 -11.13 -11.90 -10.17
Research and development expenses -3.30 -3.21 -3.50 -3.63 -3.34
Interest expense of Financial Products -1.61 -1.00 -0.94 -1.51 -1.49
Goodwill impairment charge 0.00 -1.64 0.00 0.00 0.00
Other operating income (expenses) -2.85 -2.15 -2.23 -3.76 -2.50
Operating profit 20.30% 13.97% 14.27% 11.67% 16.33%
Interest expense excluding Financial Products -0.80 -0.78 -1.01 -1.32 -0.83
Investment and interest income 0.77 0.30 0.17 0.29 0.40
Foreign exchange gains (losses) -0.15 0.18 0.23 -0.49 -0.13
License fee income 0.23 0.25 0.26 0.27 0.24
Gains (losses) on securities 0.02 -0.10 0.28 0.09 0.13
Net periodic pension and OPEB income (cost), excluding service cost 0.07 1.53 2.65 -0.23 -0.72
Miscellaneous income (loss) -0.01 0.12 0.18 -0.04 -0.03
Other income (expense) 0.93% 2.28% 3.76% -0.11% -0.11%
Consolidated profit before taxes 20.43% 15.47% 17.02% 10.24% 15.39%
Provision for income taxes -4.35 -3.65 -3.62 -2.58 -3.44
Profit of consolidated companies 16.08% 11.82% 13.41% 7.66% 11.95%
Equity in profit of unconsolidated affiliated companies 0.10 0.03 0.06 0.04 0.06
Profit of consolidated and affiliated companies 16.18% 11.85% 13.47% 7.70% 12.01%
(Profit) loss attributable to noncontrolling interests 0.00 0.00 -0.01 -0.01 0.00
Profit attributable to common stockholders 16.18% 11.85% 13.47% 7.68% 12.00%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Income statement item Description The company
Operating profit The net result for the period of deducting operating expenses from operating revenues. Caterpillar Inc. operating profit as a percentage of sales of Machinery, Energy & Transportation decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Consolidated profit before taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Caterpillar Inc. consolidated profit before taxes as a percentage of sales of Machinery, Energy & Transportation decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Profit attributable to common stockholders The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Caterpillar Inc. profit attributable to common stockholders as a percentage of sales of Machinery, Energy & Transportation decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.