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Paper details
One critical component of financial analysis involves comparing a firm’s financial statements with other firms in the industry. Through such a comparison, financial managers can reveal useful information about risks, investment opportunities, market indicators, and economic factors.
Throughout this course, you have been researching and analyzing various financial statements for Deere & Company. For this Final Paper, you will culminate your analysis with an in-depth comparison of Deere & Company and Caterpillar Inc.
In your project, you will complete the following items based on the files you downloaded above:
· Examine the four primary financial statements for each firm and address the following:
· Statement of Cash Flows:
· Compare the statement of cash flows for the two firms, noting the major inflows and outflows of cash.
· Income Statement:
· Compare the income statements for the two firms, noting the issues each one faces regarding sales projections.
· Balance Sheet:
· Compare the balance sheets for the two firms, noting any issues each firm may want to address regarding liability, and how each firm might be impacted by increasing interest rates.
· Shareholder Equity:
· Calculate the shareholder equity for each firm.
· Calculate the following ratios and trend analyses on each company:
· ROI analysis
· Ratio analysis, to include the following ratios:
· Profit Margin
· Return on Assets
· Return on equity
· Receivable Turnover
· Average Collection period
· Inventory turnover
· Current ratio
· Working Capital
· Debt to total assets
· Debt to equity
· Earnings per share
· Price to Earnings ratio
· Horizontal, vertical, and trend analysis of financial statements
· Compare and contrast the two firms in the context of the global economy, noting which types of cultural differences might impact each firm as it does business in other countries.
· Include examples to illustrate your point.
· Compare and contrast each firm’s global strategic plan based on the information in the annual report from two years ago.
· Propose which company would be better to invest in, based on the above comparisons. Your proposal should include the key metrics you used to make your decision.
The Final Project
· Must be eight to 10 double-spaced pages in length (not including title and references pages) and formatted according to APA style as outlined in the Writing Center’s
APA Style (Links to an external site.)
resource.
· Must include a separate title page with the following:
· Title of project
· Student’s name
· Course name and number
· Instructor’s name
· Date submitted
· For further assistance with the formatting and the title page, refer to
APA Formatting for Microsoft Word (Links to an external site.)
.
· Must utilize academic voice. See the
Academic Voice (Links to an external site.)
resource for additional guidance.
· Must include an introduction and conclusion paragraph. Your introduction paragraph needs to end with a clear thesis statement th
NEWS RELEASE
Jennifer Hartmann
Director, Strategic Public Relations
Deere & Company
309-765-5678
Focused on Safe Operations, Deere Reports Second Quarter Net Income of $665.8 Million
• Safeguarding employees helps keep operations running, customers served during pandemic.
• Digital tools provide unique customer experience in challenging conditions.
• Full year net income forecast to be $1.6 billion to $2 billion, reflecting market uncertainties.
MOLINE, Illinois (May 22, 2020) — Deere & Company reported net income of $665.8 million for the
second quarter ended May 3, 2020, or $2.11 per share, compared with net income of $1.135 billion, or
$3.52 per share, for the quarter ended April 28, 2019. For the first six months of the year, net income
attributable to Deere & Company was $1.182 billion, or $3.73 per share, compared with $1.633 billion, or
$5.07 per share, for the same period last year.
Worldwide net sales and revenues decreased 18 percent, to $9.253 billion, for the second quarter of
2020 and decreased 13 percent, to $16.884 billion, for six months. Net sales of the equipment operations
were $8.224 billion for the quarter and $14.754 billion for six months, compared with $10.273 billion and
$17.214 billion last year.
“John Deere’s foremost priority in confronting the coronavirus crisis has been to safeguard the health
and well-being of employees while fulfilling its obligation as an essential business serving customers
throughout the world,” said John C. May, chairman and chief executive officer. “We’ve had good success
in these areas thanks to the proactive measures we have taken to keep employees safe and our
production facilities and parts distribution centers operational. At the same time, the company has
reached out to our local communities to help those in need as a result of the pandemic. Deere and its
employees have provided generous support to area food banks and other organizations offering
assistance during this difficult time.”
COVID-19 Response and Actions
The company is executing its plan to address the impact of COVID-19 through a number of key
actions, as described below:
Safeguarding and Supporting Employees. Deere’s first priority is the health, safety, and overall
welfare of our employees. Protecting the workforce is essential for the company to deliver on its
commitment to customers and fulfill its role as an essential business. Deere has proactively implemented
health and safety measures at its operations around the world. These measures include employee health
screening, additional personal protective equipment, social distancing guidelines, enhanced cleaning and
sanitation efforts, and staggered production schedules.
Supporting Dealers and Customers. Because maintaining customer uptime is critical to delivering
value to our customers, Deere continues to produce and ship machinery and repair parts to meet
demand. Responding to this demand in th
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 2021
Commission File No. 001-11241
CATERPILLAR FINANCIAL SERVICES CORPORATION
(Exact name of Registrant as specified in its charter)
Delaware 37-1105865
(State of incorporation) (IRS Employer I.D. No.)
2120 West End Ave., Nashville, Tennessee 37203-0001
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (615) 341-1000
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange
on which registered
Medium-Term Notes, Series H,
3.300% Notes Due 2024
CAT/24 New York Stock Exchange
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12
months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T
(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth
company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer ☐ Accelerated filer ☐
Non-accelerated filer ☒ Smaller reporting company ☐
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
Yes ☐ No ☒
As of May 5, 2021, one share of common stock of the registrant was outstanding, which is owned by Caterpillar Inc.
The registrant is a wholly owned subsidiary of Caterpillar Inc. and meets the conditions set forth in General Instruction (H)(1)(a) and (b) of Form 10-Q, and is
therefore filing this form with the reduced disclosure format.
UNAUDITED
PART I. FINANCIAL INFORMATION
ITEM 1. CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)
In addition to the accompanying unaudited consolidated financial statements for Caterpillar Financial Ser
Table of Contents
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
For the quarterly period ended June 30, 2020
OR
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
For the transition period from to
Commission File Number: 1-768
CATERPILLAR INC.
(Exact name of registrant as specified in its charter)
Delaware 37-0602744
(State or other jurisdiction of incorporation) (IRS Employer I.D. No.)
510 Lake Cook Road, Suite 100, Deerfield, Illinois 60015
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (224) 551-4000
Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report: N/A
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol (s) Name of each exchange on which registered
Common Stock ($1.00 par value) CAT New York Stock Exchange ¹
9 3/8% Debentures due March 15, 2021 CAT21 New York Stock Exchange
8% Debentures due February 15, 2023 CAT23 New York Stock Exchange
5.3% Debentures due September 15, 2035 CAT35 New York Stock Exchange
¹ In addition to the New York Stock Exchange, Caterpillar common stock is also listed on stock exchanges in France and Switzerland.
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for
the past 90 days. Yes No
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation
S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes No
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging
growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2
of the Exchange Act.
Large accelerated filer Accelerated filer
Non-accelerated filer Smaller reporting company
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No
At June 30, 2020, 541,506,575 shares of common stock of the registrant were
2019
Annual Report
Executing Our Strategy
CAT, CATERPILLAR, LET’S DO THE WORK, their respective logos,
“Caterpillar Corporate Yellow,” the “Power Edge” and Cat
“Modern Hex” trade dress as well as corporate and product
identity used herein, are trademarks of Caterpillar and may not
be used without permission.
© 2020 Caterpillar. All Rights Reserved.
Caterpillar: Nonconfidential
2019 ANNUAL REPORT
caterpillar.com/annual-report
2019 SUSTAINABILITY REPORT
caterpillar.com/sustainability-report
LEARN MORE
about how Caterpillar is helping
customers build a better world.
2019 A
N
N
U
A
L R
EP
O
R
T
®
CAT-050_AR_Covers.indd 1CAT-050_AR_Covers.indd 1 4/20/20 11:05 AM4/20/20 11:05 AM
CORPORATE
PROFILE
THE WORLD’S LEADING THE WORLD’S LEADING
MANUFACTURERMANUFACTURER
Construction and Mining Construction and Mining
EquipmentEquipment
Diesel and Natural Diesel and Natural
Gas EnginesGas Engines
Industrial Gas TurbinesIndustrial Gas Turbines
Diesel-Electric LocomotivesDiesel-Electric Locomotives
PRIMARY BUSINESS PRIMARY BUSINESS
SEGMENTSSEGMENTS
Construction IndustriesConstruction Industries
Resource Industries Resource Industries
Energy & TransportationEnergy & Transportation
Financial ProductsFinancial Products
CORPORATE CORPORATE
HEADQUARTERSHEADQUARTERS
Deerfield, IllinoisDeerfield, Illinois
STOCK SYMBOLSTOCK SYMBOL
CATCAT
20 YEARS 20 YEARS
ON THE DOW JONES ON THE DOW JONES
SUSTAINABILITY INDEXSUSTAINABILITY INDEX
Whether paving roads, mining essential commodities or extracting the fuels to Whether paving roads, mining essential commodities or extracting the fuels to
satisfy global energy demand, Caterpillar products are helping to build a better satisfy global energy demand, Caterpillar products are helping to build a better
world. Since 1925, Caterpillar has been making sustainable progress possible world. Since 1925, Caterpillar has been making sustainable progress possible
and driving positive change on every continent.and driving positive change on every continent.
Services offered throughout the product life cycle, cutting-edge technology Services offered throughout the product life cycle, cutting-edge technology
and decades of product expertise set Caterpillar apart, providing exceptional and decades of product expertise set Caterpillar apart, providing exceptional
value to help our customers succeed.value to help our customers succeed.
~$30M
Foundation
Investment
$1.7B
R&D
Funding
21
Brands
$53.8B
Sales
& Revenues
102,300
Employees
165
Cat® Dealers
~150
Primary
Locations
In ~25 Countries
190+
Countries Where
We Do Business
1M
Connected
Assets
4 Million+
Cat® Products at Work
Around the World*
*Includes discontinued products
Sales Outside
the U.S.
All numbers represent 2019 data
Partnering With Dealers to
Deliver Innovative Services
We’re introducing new ways to support dealers
in helping their customers increase productivity
and lower owning and operating c
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