0000018230false00000182302023-10-312023-10-310000018230us-gaap:CommonStockMember2023-10-312023-10-310000018230cat:A5.3DebenturesDueSeptember152035Member2023-10-312023-10-31

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
caterpillarlogo.jpg
FORM8-K
Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):October 31, 2023
CATERPILLAR INC.
(Exact name of registrant as specified in its charter)
Delaware1-76837-0602744
(State or other jurisdiction of incorporation)
 (Commission File Number)
 (I.R.S Employer Identification No.)
5205 N. O'Connor Blvd.,Suite 100,Irving,Texas75039
(Address of principal executive offices)(Zip Code)
Registrant’s telephone number, including area code:(972)891-7700
Former name or former address, if changed since last report:N/A
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:


Title of each classTrading Symbol (s)Name of each exchange which registered
Common Stock ($1.00 par value)CATThe New York Stock Exchange
5.3% Debentures due September 15, 2035CAT35The New York Stock Exchange
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Indicate by check mark whether the registrant is an emerging growth company as defined by Rule 405 of the Securities Act of
1933 (17 CFR §230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2 of this chapter).
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.






Item 2.02. Results of Operations and Financial Condition.
On October 31, 2023, Caterpillar Inc. issued a press release reporting its financial results for the quarter ended September 30, 2023. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated into this Item 2.02 by reference.
Item 7.01. Regulation FD Disclosure.

Caterpillar Inc. is furnishing supplemental information concerning (i) retail sales of machines to end users and (ii) retail sales of power systems (including reciprocating and turbine engines and locomotives) to end users and Original Equipment Manufacturers ("OEMs"). This supplemental information is attached hereto as Exhibit 99.2 and incorporated into this Item 7.01 by reference.

The information in this Current Report on Form 8-K, including Exhibit 99.1, is being furnished in accordance with the provisions of General Instruction B.2 of Form 8-K.

Item 9.01. Financial Statements and Exhibits.
(d)Exhibits:
The following is furnished as an exhibit to this report:
99.1
99.2
104The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.



























 SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CATERPILLAR INC.
October 31, 2023
By:/s/ Derek Owens
Derek Owens
Senior Vice President and General Counsel



Exhibit 99.1
Caterpillar Inc.                                     
3Q 2023 Earnings Release



FOR IMMEDIATE RELEASE
Caterpillar Reports Third-Quarter 2023 Results
Third Quarter
($ in billions except profit per share)20232022
Sales and Revenues$16.8$15.0
Profit Per Share$5.45$3.87
Adjusted Profit Per Share$5.52$3.95
Third-quarter 2023 sales and revenues increased 12% to $16.8 billion
Third-quarter 2023 profit per share of $5.45; adjusted profit per share of $5.52
Returned $1.0 billion to shareholders through dividends and share repurchases in the quarter
IRVING, Texas, Oct. 31, 2023 – Caterpillar Inc. (NYSE: CAT) announced third-quarter 2023 sales and revenues of $16.8 billion, a 12% increase compared with $15.0 billion in the third quarter of 2022. The increase was primarily due to favorable price realization and higher sales volume.
Operating profit margin was 20.5% for the third quarter of 2023, compared with 16.2% for the third quarter of 2022. Adjusted operating profit margin was 20.8% for the third quarter of 2023, compared with 16.5% for the third quarter of 2022. Third-quarter 2023 profit per share was $5.45, compared with third-quarter 2022 profit per share of $3.87. Adjusted profit per share in the third quarter of 2023 was $5.52, compared with third-quarter 2022 adjusted profit per share of $3.95. Adjusted operating profit margin and adjusted profit per share for both quarters excluded restructuring costs. Please see a reconciliation of GAAP to non-GAAP financial measures in the appendix on page 12.
For the nine months ended September 30, 2023, enterprise operating cash flow was $8.9 billion, and the company ended the third quarter with $6.5 billion of enterprise cash. In the quarter, the company paid dividends of $0.7 billion and repurchased $0.4 billion of Caterpillar common stock.
“I’d like to thank our global team for delivering another great quarter, as demonstrated by double-digit top-line growth, strong adjusted operating profit margin and robust ME&T free cash flow,” said Chairman and CEO Jim Umpleby. “We remain focused on supporting our customers’ success and executing our strategy for long-term profitable growth.”
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CONSOLIDATED RESULTS
Consolidated Sales and Revenues
quarterschart-sept2023.jpg
The chart above graphically illustrates reasons for the change in consolidated sales and revenues between the third quarter of 2022 (at left) and the third quarter of 2023 (at right). Caterpillar management utilizes these charts internally to visually communicate with the company’s board of directors and employees.
Total sales and revenues for the third quarter of 2023 were $16.810 billion, an increase of $1.816 billion, or 12%, compared with $14.994 billion in the third quarter of 2022. The increase was due to favorable price realization and higher sales volume. The increase in sales volume was driven by higher sales of equipment to end users, partially offset by the impact from changes in dealer inventories and lower services sales volume. Dealer inventory increased more during the third quarter of 2022 than during the third quarter of 2023.
Sales were higher across the three primary segments.
Sales and Revenues by Segment
(Millions of dollars)Third Quarter 2022Sales
Volume
Price
Realization
CurrencyInter-Segment / OtherThird Quarter 2023$
Change
%
Change
Construction Industries$6,276 $62 $662 $21 $(22)$6,999 $723 12%
Resource Industries3,087 (81)336 (9)18 3,351 264 9%
Energy & Transportation6,186 415 298 45 (85)6,859 673 11%
All Other Segment103 (7)— 106 3%
Corporate Items and Eliminations(1,374)(38)— 81 (1,327)47  
Machinery, Energy & Transportation14,278 351 1,298 61 — 15,988 1,710 12%
Financial Products Segment819 — — — 160 979 160 20%
Corporate Items and Eliminations(103)— — — (54)(157)(54) 
Financial Products Revenues716 — — — 106 822 106 15%
Consolidated Sales and Revenues$14,994 $351 $1,298 $61 $106 $16,810 $1,816 12%
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Sales and Revenues by Geographic Region
North AmericaLatin AmericaEAMEAsia/PacificExternal Sales and RevenuesInter-SegmentTotal Sales and Revenues
(Millions of dollars)$% Chg$% Chg$% Chg$% Chg$% Chg$% Chg$% Chg
Third Quarter 2023          
Construction Industries$4,078 31%$555 (31%)$1,351 8%$997 (8%)$6,981 12%$18 (55%)$6,999 12%
Resource Industries1,366 22%499 6%508 (3%)886 (1%)3,259 8%92 24%3,351 9%
Energy & Transportation2,966 22%460 (2%)1,428 12%901 9%5,755 15%1,104 (7%)6,859 11%
All Other Segment16 —%(1)—%25%10 (33%)30 (14%)76 12%106 3%
Corporate Items and Eliminations(35)— (3)(37)(1,290)(1,327)
Machinery, Energy & Transportation 8,391 26%1,514 (13%)3,292 8%2,791 (1%)15,988 12%— —%15,988 12%
Financial Products Segment627 20%110 22%132 32%110 3%979 20%— —%979 20%
Corporate Items and Eliminations(91)(21)(22)(23)(157)— (157)
Financial Products Revenues536 15%89 27%110 25%87 (3%)822 15%— —%822 15%
Consolidated Sales and Revenues$8,927 25%$1,603 (11%)$3,402 8%$2,878 (1%)$16,810 12%$— —%$16,810 12%
Third Quarter 2022              
Construction Industries$3,106 $799 $1,247 $1,084  $6,236 $40 $6,276 
Resource Industries1,122 472 526 893  3,013 74 3,087 
Energy & Transportation2,422 468 1,280 827  4,997 1,189 6,186 
All Other Segment16 — 15  35 68 103 
Corporate Items and Eliminations— — (4)(3)(1,371)(1,374)
Machinery, Energy & Transportation6,667  1,739  3,057  2,815  14,278  —  14,278  
Financial Products Segment522 90 100 107  819 — 819 
Corporate Items and Eliminations(54)(20)(12)(17) (103)— (103)
Financial Products Revenues468  70  88  90  716  —  716  
Consolidated Sales and Revenues$7,135  $1,809  $3,145  $2,905  $14,994  $—  $14,994  
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Consolidated Operating Profit
quarterprofitchart-sept2023.jpg
The chart above graphically illustrates reasons for the change in consolidated operating profit between the third quarter of 2022 (at left) and the third quarter of 2023 (at right). Caterpillar management utilizes these charts internally to visually communicate with the company’s board of directors and employees. The bar titled Other includes consolidating adjustments and Machinery, Energy & Transportation’s other operating (income) expenses.
Operating profit for the third quarter of 2023 was $3.449 billion, an increase of $1.024 billion, or 42%, compared with $2.425 billion in the third quarter of 2022. The increase was primarily due to favorable price realization, including a favorable geographic mix of sales, and higher sales volume, partially offset by higher selling, general and administrative (SG&A) and research and development (R&D) expenses, and higher manufacturing costs. The increase in SG&A/R&D expenses was primarily driven by investments aligned with strategic initiatives, higher short-term incentive compensation expense and an unfavorable change in fair value adjustments related to deferred compensation plans. Unfavorable manufacturing costs were driven by lower freight being more than offset by higher material costs, unfavorable cost absorption, increased period manufacturing costs and the impact of manufacturing inefficiencies. Cost absorption was unfavorable as inventory increased during the third quarter of 2022, compared with a decrease in the third quarter of 2023.
Profit (Loss) by Segment
(Millions of dollars)Third Quarter 2023Third Quarter 2022$
Change
%
 Change
Construction Industries$1,847 $1,209 $638 53 %
Resource Industries730 506 224 44 %
Energy & Transportation1,181 935 246 26 %
All Other Segment21 13 163 %
Corporate Items and Eliminations(386)(373)(13) 
Machinery, Energy & Transportation3,393 2,285 1,108 48 %
Financial Products Segment203 220 (17)(8 %)
Corporate Items and Eliminations18 30 (12)
Financial Products221 250 (29)(12 %)
Consolidating Adjustments(165)(110)(55)
Consolidated Operating Profit$3,449 $2,425 $1,024 42 %

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Other Profit/Loss and Tax Items
Other income (expense) in the third quarter of 2023 was income of $195 million, compared with income of $242 million in the third quarter of 2022. The change was primarily driven by unfavorable impacts from foreign currency exchange and pension and other postemployment benefit (OPEB) plan costs, partially offset by higher investment and interest income and favorable impacts from commodity hedges and unrealized gains on marketable securities.
The provision for income taxes for the third quarter of 2023 reflected an estimated annual global tax rate of 22.5%, excluding the discrete items discussed below. The comparative tax rate for the third quarter of 2022 and full-year 2022 was approximately 23%.
The company recorded a $34 million benefit in the third quarter of 2023 compared to a $20 million benefit in the third quarter of 2022 due to a decrease from the second-quarter estimated annual tax rate. In the third quarter of 2023, the company also recorded a discrete tax benefit of $22 million for the settlement of stock-based compensation awards with associated tax deductions in excess of cumulative U.S. GAAP compensation expense. In the third quarter of 2022, the company also recorded a discrete benefit of $41 million to reflect changes in estimates related to prior years.
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CONSTRUCTION INDUSTRIES
(Millions of dollars)
Segment Sales
Third Quarter 2022Sales VolumePrice RealizationCurrencyInter-SegmentThird Quarter 2023$
 Change
%
 Change
Total Sales$6,276 $62 $662 $21 $(22)$6,999 $723 12 %
Sales by Geographic Region
Third Quarter 2023Third Quarter 2022$
Change
%
Change
North America$4,078 $3,106 $972 31 %
Latin America555 799 (244)(31 %)
EAME1,351 1,247 104 %
Asia/Pacific997 1,084 (87)(8 %)
External Sales6,981 6,236 745 12 %
Inter-segment18 40 (22)(55 %)
Total Sales$6,999 $6,276 $723 12 %
Segment Profit
Third Quarter 2023Third Quarter 2022
Change
%
Change
Segment Profit$1,847 $1,209 $638 53 %
Segment Profit Margin26.4 %19.3 %7.1  pts
Construction Industries’ total sales were $6.999 billion in the third quarter of 2023, an increase of $723 million, or 12%, compared with $6.276 billion in the third quarter of 2022. The increase was primarily due to favorable price realization.
In North America, sales increased due to higher sales volume and favorable price realization. Higher sales volume was driven by higher sales of equipment to end users and the impact from changes in dealer inventories. Dealer inventory increased more during the third quarter of 2023 than during the third quarter of 2022.
Sales decreased in Latin America primarily due to lower sales volume, partially offset by favorable price realization. Lower sales volume was driven by the impact from changes in dealer inventories and lower sales of equipment to end users. Dealer inventory increased during the third quarter of 2022, compared with a decrease during the third quarter of 2023.
In EAME, sales increased mainly due to favorable price realization and favorable currency impacts primarily related to the euro.
Sales decreased in Asia/Pacific primarily due to lower sales volume. Lower sales volume was driven by lower sales of equipment to end users, partially offset by the impact from changes in dealer inventories. Dealer inventory increased during the third quarter of 2023, compared with a decrease during the third quarter of 2022.
Construction Industries’ profit was $1.847 billion in the third quarter of 2023, an increase of $638 million, or 53%, compared with $1.209 billion in the third quarter of 2022. The increase was mainly due to favorable price realization.
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RESOURCE INDUSTRIES
(Millions of dollars)
Segment Sales
Third Quarter 2022Sales VolumePrice RealizationCurrencyInter-SegmentThird Quarter 2023$
 Change
%
 Change
Total Sales$3,087 $(81)$336 $(9)$18 $3,351 $264 %
Sales by Geographic Region
Third Quarter 2023Third Quarter 2022$
Change
%
Change
North America$1,366 $1,122 $244 22 %
Latin America499 472 27 %
EAME508 526 (18)(3 %)
Asia/Pacific886 893 (7)(1 %)
External Sales3,259 3,013 246 %
Inter-segment92 74 18 24 %
Total Sales$3,351 $3,087 $264 %
Segment Profit
Third Quarter 2023Third Quarter 2022
Change
%
Change
Segment Profit$730 $506 $224 44 %
Segment Profit Margin21.8 %16.4 %5.4  pts
Resource Industries’ total sales were $3.351 billion in the third quarter of 2023, an increase of $264 million, or 9%, compared with $3.087 billion in the third quarter of 2022. The increase was primarily due to favorable price realization, partially offset by lower sales volume. Sales volume decreased as higher sales of equipment to end users were more than offset by lower aftermarket parts sales volume and the impact from changes in dealer inventories. Dealer inventory increased during the third quarter of 2022, while remaining about flat during the third quarter of 2023.
Resource Industries’ profit was $730 million in the third quarter of 2023, an increase of $224 million, or 44%, compared with $506 million in the third quarter of 2022. The increase was mainly due to favorable price realization, partially offset by lower sales volume, including an unfavorable mix of products.



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ENERGY & TRANSPORTATION
(Millions of dollars)
Segment Sales
Third Quarter 2022Sales VolumePrice RealizationCurrencyInter-SegmentThird Quarter 2023$
 Change
%
 Change
Total Sales$6,186 $415 $298 $45 $(85)$6,859 $673 11 %
Sales by Application
Third Quarter 2023Third Quarter 2022$
Change
%
Change
Oil and Gas$1,667 $1,323 $344 26 %
Power Generation1,598 1,320 278 21 %
Industrial1,220 1,158 62 %
Transportation1,270 1,196 74 %
External Sales5,755 4,997 758 15 %
Inter-segment1,104 1,189 (85)(7 %)
Total Sales$6,859 $6,186 $673 11 %
Segment Profit
Third Quarter 2023Third Quarter 2022
Change
%
Change
Segment Profit$1,181 $935 $246 26 %
Segment Profit Margin17.2 %15.1 %2.1  pts
Energy & Transportation’s total sales were $6.859 billion in the third quarter of 2023, an increase of $673 million, or 11%, compared with $6.186 billion in the third quarter of 2022. Sales increased across all applications. The increase in sales was primarily due to higher sales volume and favorable price realization.
Oil and Gas – Sales increased for turbines and turbine-related services. Sales also increased in reciprocating engines used in well servicing applications.
Power Generation – Sales increased in large reciprocating engines, primarily data center applications.
Industrial – Sales increased primarily in EAME and Latin America.
Transportation – Sales increased in rail services.
Energy & Transportation’s profit was $1.181 billion in the third quarter of 2023, an increase of $246 million, or 26%, compared with $935 million in the third quarter of 2022. The increase was mainly due to favorable price realization and higher sales volume, partially offset by higher SG&A/R&D expenses, unfavorable manufacturing costs and currency impacts. The increase in SG&A/R&D expenses was primarily driven by investments aligned with strategic initiatives and higher short-term incentive compensation expense. Unfavorable manufacturing costs reflected lower freight being more than offset by higher material costs, increased period manufacturing costs, the impact of manufacturing inefficiencies and the unfavorable impact from inventory write-downs.

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FINANCIAL PRODUCTS SEGMENT
(Millions of dollars)
Revenues by Geographic Region
Third Quarter 2023Third Quarter 2022$
Change
%
Change
North America$627 $522 $105 20 %
Latin America110 90 20 22 %
EAME132 100 32 32 %
Asia/Pacific110 107 %
Total Revenues$979 $819 $160 20 %
Segment Profit
Third Quarter 2023Third Quarter 2022
Change
%
Change
Segment Profit$203 $220 $(17)(8 %)
Financial Products’ segment revenues were $979 million in the third quarter of 2023, an increase of $160 million, or 20%, compared with $819 million in the third quarter of 2022. The increase was primarily due to higher average financing rates across all regions.
Financial Products’ segment profit was $203 million in the third quarter of 2023, a decrease of $17 million, or 8%, compared with $220 million in the third quarter of 2022. The decrease was mainly due to the absence of prior year reserve releases for credit losses at Cat Financial, partially offset by a favorable impact from mark-to-market adjustments on derivative contracts.
At the end of the third quarter of 2023, past dues at Cat Financial were 1.96%, compared with 2.00% at the end of the third quarter of 2022. Write-offs, net of recoveries, were $9 million for the third quarter of 2023, compared with $13 million for the third quarter of 2022. As of September 30, 2023, Cat Financial's allowance for credit losses totaled $340 million, or 1.23% of finance receivables, compared with $320 million, or 1.15% of finance receivables at June 30, 2023. The allowance for credit losses at year-end 2022 was $346 million, or 1.29% of finance receivables.
Corporate Items and Eliminations
Expense for corporate items and eliminations was $368 million in the third quarter of 2023, an increase of $25 million from the third quarter of 2022. Decreased expenses due to timing differences were more than offset by higher corporate costs, unfavorable impacts of segment reporting methodology differences and an unfavorable change in fair value adjustments related to deferred compensation plans.
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Notes
i.Glossary of terms is included on the Caterpillar website at https://investors.caterpillar.com/overview/default.aspx.
ii.Sales of equipment to end users is demonstrated by the company’s Rolling 3 Month Retail Sales Statistics filed in a Form 8-K on Tuesday, Oct. 31, 2023.
iii.Information on non-GAAP financial measures is included in the appendix on page 12.
iv.Some amounts within this report are rounded to the millions or billions and may not add.
v.Caterpillar will conduct a teleconference and live webcast, with a slide presentation, beginning at 7:30 a.m. Central Time on Tuesday, Oct. 31, 2023, to discuss its 2023 third-quarter results. The accompanying slides will be available before the webcast on the Caterpillar website at https://investors.caterpillar.com/events-presentations/default.aspx.
About Caterpillar
With 2022 sales and revenues of $59.4 billion, Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For nearly 100 years, we’ve been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed. Caterpillar does business on every continent, principally operating through three primary segments – Construction Industries, Resource Industries and Energy & Transportation – and providing financing and related services through our Financial Products segment. Visit us at caterpillar.com or join the conversation on our social media channels at caterpillar.com/en/news/social-media.html.
Caterpillar’s latest financial results are also available online:
https://investors.caterpillar.com/overview/default.aspx
https://investors.caterpillar.com/financials/quarterly-results/default.aspx (live broadcast/replays of quarterly conference call)
Caterpillar investor relations contact: Ryan Fiedler, +1 224-551-4074 or Fiedler_Ryan_S@cat.com
Caterpillar media contact: Tiffany Heikkila, +1 832-573-0958 or Tiffany.Heikkila@cat.com














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Forward-Looking Statements
Certain statements in this press release relate to future events and expectations and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “believe,” “estimate,” “will be,” “will,” “would,” “expect,” “anticipate,” “plan,” “forecast,” “target,” “guide,” “project,” “intend,” “could,” “should” or other similar words or expressions often identify forward-looking statements. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding our outlook, projections, forecasts or trend descriptions. These statements do not guarantee future performance and speak only as of the date they are made, and we do not undertake to update our forward-looking statements.
Caterpillar’s actual results may differ materially from those described or implied in our forward-looking statements based on a number of factors, including, but not limited to: (i) global and regional economic conditions and economic conditions in the industries we serve; (ii) commodity price changes, material price increases, fluctuations in demand for our products or significant shortages of material; (iii) government monetary or fiscal policies; (iv) political and economic risks, commercial instability and events beyond our control in the countries in which we operate; (v) international trade policies and their impact on demand for our products and our competitive position, including the imposition of new tariffs or changes in existing tariff rates; (vi) our ability to develop, produce and market quality products that meet our customers’ needs; (vii) the impact of the highly competitive environment in which we operate on our sales and pricing; (viii) information technology security threats and computer crime; (ix) inventory management decisions and sourcing practices of our dealers and our OEM customers; (x) a failure to realize, or a delay in realizing, all of the anticipated benefits of our acquisitions, joint ventures or divestitures; (xi) union disputes or other employee relations issues; (xii) adverse effects of unexpected events; (xiii) disruptions or volatility in global financial markets limiting our sources of liquidity or the liquidity of our customers, dealers and suppliers; (xiv) failure to maintain our credit ratings and potential resulting increases to our cost of borrowing and adverse effects on our cost of funds, liquidity, competitive position and access to capital markets; (xv) our Financial Products segment’s risks associated with the financial services industry; (xvi) changes in interest rates or market liquidity conditions; (xvii) an increase in delinquencies, repossessions or net losses of Cat Financial’s customers; (xviii) currency fluctuations; (xix) our or Cat Financial’s compliance with financial and other restrictive covenants in debt agreements; (xx) increased pension plan funding obligations; (xxi) alleged or actual violations of trade or anti-corruption laws and regulations; (xxii) additional tax expense or exposure, including the impact of U.S. tax reform; (xxiii) significant legal proceedings, claims, lawsuits or government investigations; (xxiv) new regulations or changes in financial services regulations; (xxv) compliance with environmental laws and regulations; (xxvi) catastrophic events, including global pandemics such as the COVID-19 pandemic; and (xxvii) other factors described in more detail in Caterpillar’s Forms 10-Q, 10-K and other filings with the Securities and Exchange Commission.
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APPENDIX
NON-GAAP FINANCIAL MEASURES
The following definitions are provided for the non-GAAP financial measures. These non-GAAP financial measures have no standardized meaning prescribed by U.S. GAAP and therefore are unlikely to be comparable to the calculation of similar measures for other companies. Management does not intend these items to be considered in isolation or as a substitute for the related GAAP measures.
The company believes it is important to separately quantify the profit impact of one significant item in order for the company’s results to be meaningful to readers. This item consists of (i) restructuring costs. The company does not consider this item indicative of earnings from ongoing business activities and believes the non-GAAP measure provides investors with useful perspective on underlying business results and trends and aids with assessing the company’s period-over-period results. The company intends to discuss adjusted profit per share for the fourth quarter and full-year 2023, excluding mark-to-market gains or losses for remeasurement of pension and other postemployment benefit plans along with any other discrete items.
Reconciliations of adjusted results to the most directly comparable GAAP measure are as follows:
(Dollars in millions except per share data)Operating ProfitOperating Profit MarginProfit Before TaxesProvision (Benefit) for Income TaxesEffective Tax RateProfitProfit per Share
Three Months Ended September 30, 2023 - U.S. GAAP
$3,449 20.5 %$3,515 $734 20.9 %$2,794 $5.45 
Restructuring costs46 0.3 %46 10 20.0 %36 0.07
Three Months Ended September 30, 2023 - Adjusted
$3,495 20.8 %$3,561 $744 20.9 %$2,830 $5.52 
Three Months Ended September 30, 2022 - U.S. GAAP
$2,425 16.2 %$2,558 $527 20.6 %$2,041 $3.87 
Restructuring costs49 0.3 %49 18.4 %40 0.08
Three Months Ended September 30, 2022 - Adjusted
$2,474 16.5 %$2,607 $536 20.6 %$2,081 $3.95 
Supplemental Consolidating Data
The company is providing supplemental consolidating data for the purpose of additional analysis. The data has been grouped as follows:
Consolidated – Caterpillar Inc. and its subsidiaries.
Machinery, Energy & Transportation (ME&T) – The company defines ME&T as it is presented in the supplemental data as Caterpillar Inc. and its subsidiaries, excluding Financial Products. ME&T’s information relates to the design, manufacturing and marketing of its products.
Financial Products – The company defines Financial Products as it is presented in the supplemental data as its finance and insurance subsidiaries, primarily Caterpillar Financial Services Corporation (Cat Financial) and Caterpillar Insurance Holdings Inc. (Insurance Services). Financial Products’ information relates to the financing to customers and dealers for the purchase and lease of Caterpillar and other equipment.
Consolidating Adjustments – Eliminations of transactions between ME&T and Financial Products.
The nature of the ME&T and Financial Products businesses is different, especially with regard to the financial position and cash flow items. Caterpillar management utilizes this presentation internally to highlight these differences. The company believes this presentation will assist readers in understanding its business.
Pages 13 to 23 reconcile ME&T and Financial Products to Caterpillar Inc. consolidated financial information.
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13

Caterpillar Inc.
Condensed Consolidated Statement of Results of Operations
(Unaudited)
(Dollars in millions except per share data)
Three Months Ended September 30,Nine Months Ended September 30,
2023202220232022
Sales and revenues:  
Sales of Machinery, Energy & Transportation$15,988 $14,278 $47,632 $40,703 
Revenues of Financial Products822 716 2,358 2,127 
Total sales and revenues16,810 14,994 49,990 42,830 
Operating costs:  
Cost of goods sold10,583 10,202 31,751 29,736 
Selling, general and administrative expenses1,624 1,401 4,615 4,172 
Research and development expenses554 476 1,554 1,413 
Interest expense of Financial Products280 151 742 377 
Other operating (income) expenses320 339 1,496 908 
Total operating costs13,361 12,569 40,158 36,606 
Operating profit3,449 2,425 9,832 6,224 
Interest expense excluding Financial Products129 109 385 326 
Other income (expense)195 242 354 755 
Consolidated profit before taxes3,515 2,558 9,801 6,653 
Provision (benefit) for income taxes734 527 2,194 1,423 
Profit of consolidated companies2,781 2,031 7,607 5,230 
Equity in profit (loss) of unconsolidated affiliated companies12 52 20 
Profit of consolidated and affiliated companies2,793 2,040 7,659 5,250 
Less: Profit (loss) attributable to noncontrolling interests(1)(1)— (1)
Profit 1
$2,794 $2,041 $7,659 $5,251 
Profit per common share$5.48 $3.89 $14.93 $9.91 
Profit per common share — diluted 2
$5.45 $3.87 $14.85 $9.85 
Weighted-average common shares outstanding (millions)  
– Basic509.8 525.0 513.0 530.1 
– Diluted 2
512.6 527.6 515.7 533.2 
1Profit attributable to common shareholders.
2Diluted by assumed exercise of stock-based compensation awards using the treasury stock method.
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14

Caterpillar Inc.
Condensed Consolidated Statement of Financial Position
(Unaudited)
(Millions of dollars)
September 30,
2023
December 31,
2022
Assets  
Current assets: 
Cash and cash equivalents$6,545 $7,004 
Receivables – trade and other9,134 8,856 
Receivables – finance9,608 9,013 
Prepaid expenses and other current assets5,138 2,642 
Inventories17,580 16,270 
Total current assets48,005 43,785 
Property, plant and equipment – net12,287 12,028 
Long-term receivables – trade and other1,110 1,265 
Long-term receivables – finance11,907 12,013 
Noncurrent deferred and refundable income taxes2,719 2,213 
Intangible assets604 758 
Goodwill5,268 5,288 
Other assets4,891 4,593 
Total assets$86,791 $81,943 
Liabilities 
Current liabilities: 
Short-term borrowings: 
-- Machinery, Energy & Transportation$— $
-- Financial Products4,218 5,954 
Accounts payable7,827 8,689 
Accrued expenses4,669 4,080 
Accrued wages, salaries and employee benefits2,300 2,313 
Customer advances2,333 1,860 
Dividends payable— 620 
Other current liabilities3,115 2,690 
Long-term debt due within one year:  
-- Machinery, Energy & Transportation1,043 120 
-- Financial Products7,619 5,202 
Total current liabilities33,124 31,531 
Long-term debt due after one year: 
-- Machinery, Energy & Transportation8,470 9,498 
-- Financial Products15,789 16,216 
Liability for postemployment benefits4,060 4,203 
Other liabilities4,841 4,604 
Total liabilities66,284 66,052 
Shareholders’ equity 
Common stock6,698 6,560 
Treasury stock(33,865)(31,748)
Profit employed in the business49,888 43,514 
Accumulated other comprehensive income (loss)(2,232)(2,457)
Noncontrolling interests18 22 
Total shareholders’ equity20,507 15,891 
Total liabilities and shareholders’ equity$86,791 $81,943 

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15

Caterpillar Inc.
Condensed Consolidated Statement of Cash Flow
(Unaudited)
(Millions of dollars)
Nine Months Ended September 30,
20232022
Cash flow from operating activities:  
Profit of consolidated and affiliated companies$7,659 $5,250 
Adjustments for non-cash items:  
Depreciation and amortization1,599 1,661 
Provision (benefit) for deferred income taxes(448)(349)
Loss on divestiture572 — 
Other205 132 
Changes in assets and liabilities, net of acquisitions and divestitures:  
Receivables – trade and other(319)365 
Inventories(1,424)(3,088)
Accounts payable(532)786 
Accrued expenses588 70 
Accrued wages, salaries and employee benefits— 15 
Customer advances516 751 
Other assets – net128 57 
Other liabilities – net338 (623)
Net cash provided by (used for) operating activities8,882 5,027 
Cash flow from investing activities: 
Capital expenditures – excluding equipment leased to others(1,061)(868)
Expenditures for equipment leased to others(1,177)(1,023)
Proceeds from disposals of leased assets and property, plant and equipment563 666 
Additions to finance receivables(11,082)(9,914)
Collections of finance receivables10,391 9,738 
Proceeds from sale of finance receivables40 50 
Investments and acquisitions (net of cash acquired)(67)(44)
Proceeds from sale of businesses and investments (net of cash sold)(14)
Proceeds from sale of securities747 2,080 
Investments in securities(3,689)(2,399)
Other – net32 15 
Net cash provided by (used for) investing activities(5,317)(1,698)
Cash flow from financing activities: 
Dividends paid(1,901)(1,820)
Common stock issued, including treasury shares reissued36 
Common shares repurchased(2,209)(3,309)
Proceeds from debt issued (original maturities greater than three months)6,360 5,570 
Payments on debt (original maturities greater than three months)(4,459)(5,289)
Short-term borrowings – net (original maturities three months or less)(1,726)(1,311)
Other – net— (1)
Net cash provided by (used for) financing activities(3,899)(6,158)
Effect of exchange rate changes on cash(119)(79)
Increase (decrease) in cash, cash equivalents and restricted cash(453)(2,908)
Cash, cash equivalents and restricted cash at beginning of period7,013 9,263 
Cash, cash equivalents and restricted cash at end of period$6,560 $6,355 
Cash equivalents primarily represent short-term, highly liquid investments with original maturities of generally three months or less.

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16

Caterpillar Inc.
Supplemental Data for Results of Operations
For the Three Months Ended September 30, 2023
(Unaudited)
(Millions of dollars)
  Supplemental Consolidating Data
 ConsolidatedMachinery, Energy & TransportationFinancial
Products
Consolidating
Adjustments
Sales and revenues:    
Sales of Machinery, Energy & Transportation$15,988 $15,988 $— $— 
Revenues of Financial Products822 — 1,017 (195)1
Total sales and revenues16,810 15,988 1,017 (195)
Operating costs:    
Cost of goods sold10,583 10,586 — (3)2
Selling, general and administrative expenses1,624 1,430 206 (12)2
Research and development expenses554 554 — — 
Interest expense of Financial Products280 — 280 — 
Other operating (income) expenses320 25 310 (15)2
Total operating costs13,361 12,595 796 (30)
Operating profit3,449 3,393 221 (165)
Interest expense excluding Financial Products129 129 — — 
Other income (expense)195 42 (12)165 3
Consolidated profit before taxes3,515 3,306 209 — 
Provision (benefit) for income taxes734 654 80 — 
Profit of consolidated companies2,781 2,652 129 — 
Equity in profit (loss) of unconsolidated affiliated companies12 12 — — 
Profit of consolidated and affiliated companies2,793 2,664 129 — 
Less: Profit (loss) attributable to noncontrolling interests(1)(1)— — 
Profit 4
$2,794 $2,665 $129 $— 
1
Elimination of Financial Products’ revenues earned from ME&T.
2
Elimination of net expenses recorded by ME&T paid to Financial Products.
3
Elimination of discount recorded by ME&T on receivables sold to Financial Products and of interest earned between ME&T and Financial Products as well as dividends paid by Financial Products to ME&T.
4Profit attributable to common shareholders.





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17

Caterpillar Inc.
Supplemental Data for Results of Operations
For the Three Months Ended September 30, 2022
(Unaudited)
(Millions of dollars)
  Supplemental Consolidating Data
 ConsolidatedMachinery, Energy & TransportationFinancial
Products
Consolidating
Adjustments
Sales and revenues:    
Sales of Machinery, Energy & Transportation$14,278 $14,278 $— $— 
Revenues of Financial Products716 — 852 (136)1
Total sales and revenues14,994 14,278 852 (136)
Operating costs:    
Cost of goods sold10,202 10,203 — (1)2
Selling, general and administrative expenses1,401 1,271 136 (6)2
Research and development expenses476 476 — — 
Interest expense of Financial Products151 — 151 — 
Other operating (income) expenses339 43 315 (19)2
Total operating costs12,569 11,993 602 (26)
Operating profit2,425 2,285 250 (110)
Interest expense excluding Financial Products109 110 — (1)3
Other income (expense)242 160 (27)109 4
Consolidated profit before taxes2,558 2,335 223 — 
Provision (benefit) for income taxes527 464 63 — 
Profit of consolidated companies2,031 1,871 160 — 
Equity in profit (loss) of unconsolidated affiliated companies11 — (2)5
Profit of consolidated and affiliated companies2,040 1,882 160 (2)
Less: Profit (loss) attributable to noncontrolling interests(1)(1)(2)6
Profit 7
$2,041 $1,883 $158 $— 
1
Elimination of Financial Products’ revenues earned from ME&T.
2
Elimination of net expenses recorded by ME&T paid to Financial Products.
3
Elimination of interest expense recorded between Financial Products and ME&T.
4
Elimination of discount recorded by ME&T on receivables sold to Financial Products and of interest earned between ME&T and Financial Products as well as dividends paid by Financial Products to ME&T.
5
Elimination of equity profit (loss) earned from Financial Products’ subsidiaries partially owned by ME&T subsidiaries.
6
Elimination of noncontrolling interest profit (loss) recorded by Financial Products for subsidiaries partially owned by ME&T subsidiaries.
7Profit attributable to common shareholders.
(more)



18

Caterpillar Inc.
Supplemental Data for Results of Operations
For the Nine Months Ended September 30, 2023
(Unaudited)
(Millions of dollars)
  Supplemental Consolidating Data
 ConsolidatedMachinery, Energy & Transportation Financial
Products
Consolidating
Adjustments
Sales and revenues:    
Sales of Machinery, Energy & Transportation$47,632 $47,632 $— $— 
Revenues of Financial Products2,358 — 2,907 (549)1
Total sales and revenues49,990 47,632 2,907 (549)
Operating costs:    
Cost of goods sold31,751 31,758 — (7)2
Selling, general and administrative expenses4,615 4,139 507 (31)2
Research and development expenses1,554 1,554 — — 
Interest expense of Financial Products742 — 742 — 
Other operating (income) expenses1,496 624 923 (51)2
Total operating costs40,158 38,075 2,172 (89)
Operating profit9,832 9,557 735 (460)
Interest expense excluding Financial Products385 385 — — 
Other income (expense)354 18 (49)385 3
Consolidated profit before taxes9,801 9,190 686 (75)
Provision (benefit) for income taxes2,194 1,993 201 — 
Profit of consolidated companies7,607 7,197 485 (75)
Equity in profit (loss) of unconsolidated affiliated companies52 55 — (3)4
Profit of consolidated and affiliated companies7,659 7,252 485 (78)
Less: Profit (loss) attributable to noncontrolling interests— (2)(3)5
Profit 6
$7,659 $7,254 $480 $(75)
1
Elimination of Financial Products’ revenues earned from ME&T.
2
Elimination of net expenses recorded by ME&T paid to Financial Products.
3
Elimination of discount recorded by ME&T on receivables sold to Financial Products and of interest earned between ME&T and Financial Products as well as dividends paid by Financial Products to ME&T.
4
Elimination of equity profit (loss) earned from Financial Products’ subsidiaries partially owned by ME&T subsidiaries.
5
Elimination of noncontrolling interest profit (loss) recorded by Financial Products for subsidiaries partially owned by ME&T subsidiaries.
6Profit attributable to common shareholders.


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19


Caterpillar Inc.
Supplemental Data for Results of Operations
For the Nine Months Ended September 30, 2022
(Unaudited)
(Millions of dollars)
  Supplemental Consolidating Data
 ConsolidatedMachinery, Energy & Transportation Financial
Products
Consolidating
Adjustments
Sales and revenues:    
Sales of Machinery, Energy & Transportation$40,703 $40,703 $— $— 
Revenues of Financial Products2,127 — 2,493 (366)1
Total sales and revenues42,830 40,703 2,493 (366)
Operating costs:
Cost of goods sold29,736 29,741 — (5)2
Selling, general and administrative expenses4,172 3,714 475 (17)2
Research and development expenses1,413 1,413 — — 
Interest expense of Financial Products377 — 377 — 
Other operating (income) expenses908 31 936 (59)2
Total operating costs36,606 34,899 1,788 (81)
Operating profit6,224 5,804 705 (285)
Interest expense excluding Financial Products326 327 — (1)3
Other income (expense)755 497 (26)284 4
Consolidated profit before taxes6,653 5,974 679 — 
Provision (benefit) for income taxes1,423 1,250 173 — 
Profit of consolidated companies5,230 4,724 506 — 
Equity in profit (loss) of unconsolidated affiliated companies20 26 — (6)5
Profit of consolidated and affiliated companies5,250 4,750 506 (6)
Less: Profit (loss) attributable to noncontrolling interests(1)(1)(6)6
Profit 7
$5,251 $4,751 $500 $— 
1
Elimination of Financial Products’ revenues earned from ME&T.
2
Elimination of net expenses recorded by ME&T paid to Financial Products.
3
Elimination of interest expense recorded between Financial Products and ME&T.
4
Elimination of discount recorded by ME&T on receivables sold to Financial Products and of interest earned between ME&T and Financial Products as well as dividends paid by Financial Products to ME&T.
5
Elimination of equity profit (loss) earned from Financial Products’ subsidiaries partially owned by ME&T subsidiaries.
6
Elimination of noncontrolling interest profit (loss) recorded by Financial Products for subsidiaries partially owned by ME&T subsidiaries.
7Profit attributable to common shareholders.
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20

Caterpillar Inc.
Supplemental Data for Financial Position
At September 30, 2023
(Unaudited)
(Millions of dollars)
  Supplemental Consolidating Data
 ConsolidatedMachinery,
Energy &
Transportation
Financial
Products
Consolidating
Adjustments
Assets    
Current assets:    
Cash and cash equivalents$6,545 $5,874 $671 $— 
Receivables – trade and other9,134 3,550 602 4,982 
1,2
Receivables – finance9,608 — 14,782 (5,174)2
Prepaid expenses and other current assets5,138 4,957 332 (151)3
Inventories17,580 17,580 — — 
Total current assets48,005 31,961 16,387 (343)
Property, plant and equipment – net12,287 8,243 4,044 — 
Long-term receivables – trade and other1,110 497 119 494 
1,2
Long-term receivables – finance11,907 — 12,441 (534)2
Noncurrent deferred and refundable income taxes2,719 3,265 118 (664)4
Intangible assets604 604 — — 
Goodwill5,268 5,268 — — 
Other assets4,891 3,936 1,998 (1,043)5
Total assets$86,791 $53,774 $35,107 $(2,090)
Liabilities    
Current liabilities:    
Short-term borrowings$4,218 $— $4,218 $— 
Accounts payable7,827 7,734 297 (204)6,7
Accrued expenses4,669 4,218 451 — 
Accrued wages, salaries and employee benefits2,300 2,252 48 — 
Customer advances2,333 2,320 12 7
Other current liabilities3,115 2,515 775 (175)
4,8
Long-term debt due within one year8,662 1,043 7,619 — 
Total current liabilities33,124 20,082 13,409 (367)
Long-term debt due after one year24,259 8,510 15,789 (40)9
Liability for postemployment benefits4,060 4,060 — — 
Other liabilities4,841 3,895 1,659 (713)4
Total liabilities66,284 36,547 30,857 (1,120)
    
Shareholders’ equity    
Common stock6,698 6,698 905 (905)10
Treasury stock(33,865)(33,865)— — 
Profit employed in the business49,888 45,352 4,526 10 10
Accumulated other comprehensive income (loss)(2,232)(978)(1,254)— 
Noncontrolling interests18 20 73 (75)10
Total shareholders’ equity20,507 17,227 4,250 (970)
Total liabilities and shareholders’ equity$86,791 $53,774 $35,107 $(2,090)
1
Elimination of receivables between ME&T and Financial Products.
2
Reclassification of ME&T’s trade receivables purchased by Financial Products and Financial Products’ wholesale inventory receivables.
3Elimination of ME&T's insurance premiums that are prepaid to Financial Products.
4
Reclassification reflecting required netting of deferred tax assets/liabilities by taxing jurisdiction.
5
Elimination of other intercompany assets between ME&T and Financial Products.
6
Elimination of payables between ME&T and Financial Products.
7Reclassification of Financial Products' payables to accrued expenses or customer advances.
8Elimination of prepaid insurance in Financial Products’ other liabilities.
9
Elimination of debt between ME&T and Financial Products.
10
Eliminations associated with ME&T’s investments in Financial Products’ subsidiaries.
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21

Caterpillar Inc.
Supplemental Data for Financial Position
At December 31, 2022
(Unaudited)
(Millions of dollars)
  Supplemental Consolidating Data
 ConsolidatedMachinery,
Energy &
Transportation
Financial
Products
Consolidating
Adjustments
Assets    
Current assets:    
Cash and cash equivalents$7,004 $6,042 $962 $— 
Receivables – trade and other8,856 3,710 519 4,627 
1,2
Receivables – finance9,013 — 13,902 (4,889)2
Prepaid expenses and other current assets2,642 2,488 290 (136)3
Inventories16,270 16,270 — — 
Total current assets43,785 28,510 15,673 (398)
Property, plant and equipment – net12,028 8,186 3,842 — 
Long-term receivables – trade and other1,265 418 339 508 
1,2
Long-term receivables – finance12,013 — 12,552 (539)2
Noncurrent deferred and refundable income taxes2,213 2,755 115 (657)4
Intangible assets758 758 — — 
Goodwill5,288 5,288 — — 
Other assets4,593 3,882 1,892 (1,181)5
Total assets$81,943 $49,797 $34,413 $(2,267)
Liabilities    
Current liabilities:    
Short-term borrowings$5,957 $$5,954 $— 
Accounts payable8,689 8,657 294 (262)6
Accrued expenses4,080 3,687 393 — 
Accrued wages, salaries and employee benefits2,313 2,264 49 — 
Customer advances1,860 1,860 — — 
Dividends payable620 620 — — 
Other current liabilities2,690 2,215 635 (160)
4,7
Long-term debt due within one year5,322 120 5,202 — 
Total current liabilities31,531 19,426 12,527 (422)
Long-term debt due after one year25,714 9,529 16,216 (31)8
Liability for postemployment benefits4,203 4,203 — — 
Other liabilities4,604 3,677 1,638 (711)4
Total liabilities66,052 36,835 30,381 (1,164)
    
Shareholders’ equity    
Common stock6,560 6,560 905 (905)9
Treasury stock(31,748)(31,748)— — 
Profit employed in the business43,514 39,435 4,068 11 9
Accumulated other comprehensive income (loss)(2,457)(1,310)(1,147)— 
Noncontrolling interests22 25 206 (209)9
Total shareholders’ equity15,891 12,962 4,032 (1,103)
Total liabilities and shareholders’ equity$81,943 $49,797 $34,413 $(2,267)
1
Elimination of receivables between ME&T and Financial Products.
2
Reclassification of ME&T’s trade receivables purchased by Financial Products and Financial Products’ wholesale inventory receivables.
3Elimination of ME&T’s insurance premiums that are prepaid to Financial Products.
4
Reclassification reflecting required netting of deferred tax assets/liabilities by taxing jurisdiction.
5
Elimination of other intercompany assets between ME&T and Financial Products.
6Elimination of payables between ME&T and Financial Products.
7
Elimination of prepaid insurance in Financial Products’ other liabilities.
8Elimination of debt between ME&T and Financial Products.
9
Eliminations associated with ME&T’s investments in Financial Products’ subsidiaries.
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22

Caterpillar Inc.
Supplemental Data for Cash Flow
For the Nine Months Ended September 30, 2023
(Unaudited)
(Millions of dollars)
  Supplemental Consolidating Data
 ConsolidatedMachinery, Energy & TransportationFinancial
Products
Consolidating
Adjustments
Cash flow from operating activities:    
Profit of consolidated and affiliated companies$7,659 $7,252 $485 $(78)1,5
Adjustments for non-cash items:    
Depreciation and amortization1,599 1,015 584 — 
Provision (benefit) for deferred income taxes(448)(456)— 
Loss on divestiture572 572 — — 
Other205 309 (463)359 2
Changes in assets and liabilities, net of acquisitions and divestitures:
Receivables – trade and other(319)(46)70 (343)
2,3
Inventories(1,424)(1,420)— (4)2
Accounts payable(532)(628)26 70 2
Accrued expenses588 557 31 — 
Accrued wages, salaries and employee benefits— (1)— 
Customer advances516 515 — 
Other assets – net128 107 17 2
Other liabilities – net338 177 147 14 2
Net cash provided by (used for) operating activities8,882 7,955 905 22 
Cash flow from investing activities:    
Capital expenditures – excluding equipment leased to others(1,061)(1,088)(16)43 2
Expenditures for equipment leased to others(1,177)(20)(1,165)2
Proceeds from disposals of leased assets and property, plant and equipment563 46 564 (47)2
Additions to finance receivables(11,082)— (12,493)1,411 3
Collections of finance receivables10,391 — 11,554 (1,163)3
Net intercompany purchased receivables— — 429 (429)3
Proceeds from sale of finance receivables40 — 40 — 
Net intercompany borrowings— — (7)4
Investments and acquisitions (net of cash acquired)(67)(67)— — 
Proceeds from sale of businesses and investments (net of cash sold)(14)(14)— — 
Proceeds from sale of securities747 553 194 — 
Investments in securities(3,689)(3,340)(349)— 
Other – net32 43 (11)— 
Net cash provided by (used for) investing activities(5,317)(3,887)(1,246)(184)
Cash flow from financing activities:    
Dividends paid