Income StatementBalance SheetCash FlowSegments
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Caterpillar Cash Flow Statement

Operating, investing, and financing cash movements

Caterpillar generated $12.3B in operating cash flow over the trailing twelve months. After $2.8B in capital expenditures, free cash flow was $9.5B. Free cash flow increased 0.0% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$12.3BNet Cash From Investing (TTM)-$6.3BNet Cash From Financing (TTM)-$8.2BCapital Expenditures (TTM)$2.8BDepreciation And Amortization Cf (TTM)$2.3BNet Change In Cash (TTM)$508.0M
Latest FilingQ1 2026
Report Date2026-05-06
Market Cap$405.27B
P/E Ratio42.99

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other non-cash income (expense)-$343.0M-$78.0M-$320.0M-$111.0M-$233.0M-$68.0M
Change in accounts payable-$186.0M$401.0M$572.0M$113.0M$93.0M$938.0M
Change in accrued liabilities$182.0M-$198.0M$186.0M$63.0M$387.0M-$202.0M
Change in deferred revenue$92.5M$713.0M$563.0M$373.0M$284.0M$1.3B
Change in inventories$103.5M$990.0M$649.0M$376.0M$369.3M$1.5B
Change in other liabilities-$67.0M-$300.0M-$237.0M-$73.5M-$73.5M-$330.0M
Change in receivables$130.0M-$155.0M$474.0M$469.0M$1.4B$801.0M
Deferred income taxes-$292.0M-$38.0M-$72.0M$410.0M$165.0M$534.0M
Depreciation and amortization$555.0M$540.0M$554.0M$570.0M$598.0M$595.0M
Other Non-Cash Income (Expense)-$343.0M-$78.0M-$320.0M-$111.0M-$233.0M-$68.0M
Other Non-cash Income (Expense)-$343.0M-$78.0M-$320.0M-$111.0M-$233.0M-$68.0M
Other Non-cash Income (Expense)-$343.0M-$78.0M-$320.0M-$111.0M-$233.0M-$68.0M
Net cash from operating activities$3.4B$1.3B$3.1B$3.7B$3.6B$1.9B
Net income$2.8B$2.0B$2.2B$2.3B$2.4B$2.5B
Other non-cash income (expense)-$343.0M-$78.0M-$320.0M-$111.0M-$233.0M-$68.0M
Accrued compensation and employee benefits-$90.8M-$1.1B$46.8M$46.8M$483.0M-$1.1B
Increase (Decrease) in Other Operating Assets$217.0M-$69.0M$159.0M$48.0M$38.0M$184.0M
Other Noncash Income (Expense)-$343.0M-$78.0M-$320.0M-$111.0M-$233.0M-$68.0M
Other Non-cash Income and Expense-$343.0M-$78.0M-$320.0M-$111.0M-$233.0M-$68.0M
Other Non-Cash Adjustments-$343.0M-$78.0M-$320.0M-$111.0M-$233.0M-$68.0M
Other Non-Cash Income and Expense-$343.0M-$78.0M-$320.0M-$111.0M-$233.0M-$68.0M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisitions, net of cash acquired$2.0M$2.0M$19.0M$5.0M$21.0M$788.0M
Payments to Acquire Finance Receivables$4.0B$3.2B$3.9B$3.9B$4.4B$3.9B
Capital expenditures$703.0M$710.0M$555.0M$658.0M$898.0M$728.0M
Collections of finance receivables$3.4B$3.0B$3.4B$3.5B$3.6B$3.9B
Payments to acquire equipment on lease$334.0M$208.0M$400.0M$413.0M$444.0M$323.0M
Payments to acquire finance receivables$4.0B$3.2B$3.9B$3.9B$4.4B$3.9B
Payments to Acquire Finance Receivables$4.0B$3.2B$3.9B$3.9B$4.4B$3.9B
Proceeds from Collection of Finance Receivables$3.4B$3.0B$3.4B$3.5B$3.6B$3.9B
Payment for (Proceeds from) Other Investing Activity-$56.0M$9.0M$44.0M-$34.0M-$94.0M$20.0M
Divestiture of businesses, net of cash transferred$0.0$12.0M$5.5M$5.5M$10.0M$0.0
Proceeds from Sale of Finance Receivables$14.0M$7.0M$11.0M$8.0M$45.0M$13.0M
Proceeds from disposals of property, plant and equipment$181.0M$149.0M$216.0M$179.0M$164.0M$191.0M
Net cash from investing activities-$1.6B-$175.0M-$1.3B-$1.3B-$1.9B-$1.8B
Payments to Acquire Finance Receivables$4.0B$3.2B$3.9B$3.9B$4.4B$3.9B
Proceeds from Collection of Finance Receivables$3.4B$3.0B$3.4B$3.5B$3.6B$3.9B
Receipts from Customer Financing Assets$3.4B$3.0B$3.4B$3.5B$3.6B$3.9B
Proceeds from Collection of Finance Receivables$3.4B$3.0B$3.4B$3.5B$3.6B$3.9B
Proceeds from divestiture of prepaid business$0.0$12.0M$5.5M$5.5M$10.0M$0.0

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Dividends paid$680.0M$674.0M$662.0M$707.0M$706.0M$703.0M
Proceeds from debt with original maturities of more than three months—$2.6B————
Proceeds from issuance of shares$5.0M-$64.0M-$4.0M-$4.0M-$4.0M-$97.0M
Short-term borrowings/(repayments) less than 90 days — net-$42.0M-$934.0M$1.0B$34.0M$1.0B-$808.0M
Net cash from financing activities-$426.0M-$4.5B-$974.8M-$305.0M-$974.8M-$6.0B
Repurchases of common stock$640.0M$3.7B$828.0M$362.0M$340.0M$5.0B

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$2.7B$579.0M$2.6B$3.1B$2.7B$1.1B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$67.0M$54.0M-$61.0M-$16.0M-$20.0M-$55.0M
Net increase (decrease) in cash-$22.3M-$3.3B$1.9B$2.1B$2.4B-$5.9B