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Caterpillar Inc.: Files Form 8-K Earnings Release -7-

DJ Caterpillar Inc.: Files Form 8-K Earnings Release and Retail Statistics - Exhibit 99.1 & 99.2 FQE 30 June 2021

Caterpillar Inc. 
Caterpillar Inc.: Files Form 8-K Earnings Release and Retail Statistics - Exhibit 99.1 & 99.2 FQE 30 June 2021 
30-Jul-2021 / 15:02 CET/CEST 
Dissemination of a French Regulatory News, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
Exhibit 99.1 
Caterpillar Inc. 
2Q 2021 Earnings Release 
 
July 30, 2021 
 
FOR IMMEDIATE RELEASE 
 

Caterpillar Reports Second-Quarter 2021 Results

Second Quarter 
(USD in billions except profit per share)  2021  2020 
Sales and Revenues             USD12.9 USD10.0 
Profit Per Share              USD2.56 USD0.84 
Adjusted Profit Per Share         USD2.60 USD1.27 
?       Second-quarter 2021 sales and revenues increased 29% to USD12.9 billion 
?       Second-quarter 2021 profit per share of USD2.56; adjusted profit per share of USD2.60 
?       Strong balance sheet; returned USD0.8 billion to shareholders through dividends and share repurchases 

DEERFIELD, Ill. - Caterpillar Inc. (NYSE: CAT) today announced second-quarter 2021 sales and revenues of USD12.9 billion, a 29% increase compared with USD10.0 billion in the second quarter of 2020. The increase was primarily due to higher sales volume driven by higher end-user demand for equipment and services and the impact from changes in dealer inventories. Dealers decreased their inventories more during the second quarter of 2020 than during the second quarter of 2021.

Operating profit margin was 13.9% for the second quarter of 2021, compared with 7.8% for the second quarter of 2020. Second-quarter 2021 profit per share was USD2.56, compared with USD0.84 profit per share in the second quarter of 2020. Adjusted profit per share in the second quarter of 2021 was USD2.60, compared with second-quarter 2020 adjusted profit per share of USD1.27. Adjusted profit per share for both quarters excluded restructuring costs, while the second quarter of 2020 also excluded remeasurement losses of USD0.19 per share, resulting from the settlements of pension obligations. Please see a reconciliation of GAAP to non-GAAP financial measures in the appendix on page 13.

For the first half of 2021, enterprise operating cash flow was USD4.0 billion. In total, the company returned USD0.8 billion to shareholders in the quarter, after increasing the dividend and reinstating share repurchases. The company ended the period with USD10.8 billion of enterprise cash.

"Our dedicated global team remains focused on serving our customers, executing our strategy and investing for future profitable growth," said Caterpillar Chairman and CEO Jim Umpleby. "We're encouraged by higher sales and revenues across all regions and in our three primary segments, which reflect continued improvement in our end markets."

CONSOLIDATED RESULTS

Consolidated Sales and Revenues

The chart above graphically illustrates reasons for the change in consolidated sales and revenues between the second quarter of 2020 (at left) and the second quarter of 2021 (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 second quarter of 2021 were USD12.889 billion, an increase of USD2.892 billion, or 29%, compared with USD9.997 billion in the second quarter of 2020. The increase was primarily due to higher sales volume driven by higher end-user demand for equipment and services and the impact from changes in dealer inventories. Dealers decreased inventories by USD1.4 billion during the second quarter of 2020, compared with a decrease of USD400 million during the second quarter of 2021. Favorable currency impacts were related to the Australian dollar, euro and Chinese yuan. Favorable price realization also contributed to the sales improvement.

Sales were higher across all regions and in the three primary segments.

Sales and Revenues by Segment 
           Second     Sales    Price          Inter-Segment  Second     USD      % 
(Millions of dollars) Quarter 2020               Currency  / Other     Quarter 2021 
                   Volume    Realization                       Change    Change 
 
Construction     USD 4,048    USD 1,171   USD 238     USD 162   USD 37      USD 5,656    USD 1,608   40% 
Industries 
Resource Industries  1,826     712     (17)     66     (8)       2,579     753     41% 
Energy &       4,149     456     12      111    247       4,975     826     20% 
Transportation 
All Other Segment   115      4      -       2     7        128      13      11% 
Corporate Items and  (828)     (34)     -       -     (283)      (1,145)    (317) 
Eliminations 
Machinery, Energy &  9,310     2,309    233      341    -        12,193     2,883    31% 
Transportation 
 
Financial Products  763      -      -       -     11       774      11      1% 
Segment 
Corporate Items and  (76)      -      -       -     (2)       (78)      (2) 
Eliminations 
Financial Products  687      -      -       -     9        696      9      1% 
Revenues 
 
Consolidated Sales  USD 9,997    USD 2,309   USD 233     USD 341   USD 9      USD 12,889    USD 2,892   29% 
and Revenues 
 
Sales and Revenues by Geographic Region 
             North America    Latin America    EAME         Asia/Pacific    External Sales and   Inter-Segment  Total Sales and 
                                                     Revenues                Revenues 
(Millions of dollars)   USD      %   USD      %   USD      % Chg  USD      %   USD       % Chg  USD     %   USD       % Chg 
                    Chg         Chg                   Chg                  Chg 
Second Quarter 2021 
Construction Industries  USD 2,498   56%  USD 430    103%  USD 1,291   38%   USD 1,384   8%  USD 5,603    39%   USD 53   231%  USD 5,656    40% 
Resource Industries    799     58%  487     80%  525     39%   660     19%  2,471     45%   108    (7%)  2,579     41% 
Energy & Transportation  1,992    10%  250     27%  1,196    29%   682     14%  4,120     16%   855    41%  4,975     20% 
All Other Segment     11      57%  1      -%   4      (20%)  18      20%  34       21%   94    8%   128      11% 
Corporate Items and    (31)        (1)         (1)         (2)        (35)          (1,110)      (1,145) 
Eliminations 
Machinery, Energy &    5,269    34%  1,167    72%  3,015    34%   2,742    12%  12,193     31%   -     -%   12,193    31% 
Transportation 
 
Financial Products    488     (1%)  65      8%   96      -%   125     10%  774      1%   -     -%   774      1% 
Segment 
Corporate Items and    (38)        (11)        (9)         (20)        (78)          -        (78) 
Eliminations 
Financial Products    450     -%   54      6%   87      -%   105     6%  696      1%   -     -%   696      1% 
Revenues 
 
Consolidated Sales and  USD 5,719   30%  USD 1,221   67%  USD 3,102   33%   USD 2,847   12%  USD 12,889    29%   USD -    -%   USD 12,889   29% 
Revenues 
 
Second Quarter 2020 
Construction Industries  USD 1,604       USD 212        USD 933        USD 1,283      USD 4,032        USD 16       USD 4,048 
Resource Industries    507         270         379         554        1,710         116       1,826 
Energy & Transportation  1,816        197         929         599        3,541         608       4,149 
All Other Segment     7          1          5          15         28           87        115 
Corporate Items and    2          (1)         -          (2)        (1)          (827)      (828) 
Eliminations 
Machinery, Energy &    3,936        679         2,246        2,449       9,310         -        9,310 
Transportation 
 
Financial Products    493         60         96          114        763          -        763 
Segment 
Corporate Items and    (43)        (9)         (9)         (15)        (76)          -        (76) 
Eliminations 
Financial Products    450         51         87          99         687          -        687 
Revenues 
 
Consolidated Sales and  USD 4,386       USD 730        USD 2,333       USD 2,548      USD 9,997        USD -       USD 9,997 
Revenues 
 

Consolidated Operating Profit

(MORE TO FOLLOW) Dow Jones Newswires

July 30, 2021 09:02 ET (13:02 GMT)

DJ Caterpillar Inc.: Files Form 8-K Earnings Release -2-

The chart above graphically illustrates reasons for the change in consolidated operating profit between the second quarter of 2020 (at left) and the second quarter of 2021 (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 second quarter of 2021 was USD1.789 billion, an increase of USD1.005 billion, or 128%, compared with USD784 million in the second quarter of 2020. The increase was primarily due to higher sales volume. Favorable price realization, lower restructuring expenses (included in other) and higher profit from Financial Products were mostly 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 mainly driven by higher short-term incentive compensation expense, which was reinstated in 2021.

Unfavorable manufacturing costs reflected higher period manufacturing and material costs, partially offset by favorable cost absorption. Period manufacturing costs increased primarily due to higher short-term incentive compensation expense and higher labor-related costs. Cost absorption was favorable as inventory increased during the second quarter of 2021, compared with a decrease during the second quarter of 2020.

Profit (Loss) by Segment 
                                        USD      % 
(Millions of dollars)       Second Quarter 2021  Second Quarter 2020 
                                        Change    Change 
Construction Industries      USD 1,024        USD 518         USD 506    98  % 
Resource Industries        361          152          209     138  % 
Energy & Transportation      731          624          107     17  % 
All Other Segment         (10)         (3)          (7)     (233 %) 
Corporate Items and Eliminations  (453)         (542)         89 
Machinery, Energy & Transportation 1,653         749          904     121  % 
 
Financial Products Segment     243          148          95      64  % 
Corporate Items and Eliminations  (29)         (38)         9 
Financial Products         214          110          104     95  % 
 
Consolidating Adjustments     (78)         (75)         (3) 
 
Consolidated Operating Profit   USD 1,789        USD 784         USD 1,005   128  % 
 

Other Profit/Loss and Tax Items 1. Other income (expense) in the second quarter of 2021 was income of USD201 million, compared with income of USD29

million in the second quarter of 2020. The change was primarily due to the absence of remeasurement losses

resulting from the settlements of pension obligations that occurred in the second quarter of 2020, as well as

favorable pension and other postemployment benefit (OPEB) costs. 2. The provision for income taxes for the second quarter of 2021 reflected a lower estimated annual tax rate of 26%,

compared with 31% for the second quarter of 2020, excluding the discrete items discussed below. The comparative tax

rate for full-year 2020 was approximately 28%. The decrease in the estimated annual tax rate from full-year 2020

was mainly related to changes in the expected geographic mix of profits from a tax perspective for 2021.

In addition, a discrete tax benefit of USD17 million was recorded in the second quarter of 2021 for the settlement of stock-based compensation awards with associated tax deductions in excess of cumulative U.S. GAAP compensation expense. A USD21 million tax benefit was also recorded in the second quarter of 2020 related to the USD122 million of remeasurement losses resulting from the settlements of pension obligations.

CONSTRUCTION INDUSTRIES 
(Millions of 
dollars) 
Segment Sales 
        Second    Sales    Price                   Second    USD      % 
        Quarter   Volume    Realization   Currency  Inter-Segment  Quarter 
        2020                                 2021     Change    Change 
Total Sales   USD 4,048   USD 1,171   USD 238      USD 162   USD 37      USD 5,656   USD 1,608   40 % 
 
Sales by Geographic Region 
        Second    Second    USD        % 
        Quarter   Quarter 
        2021     2020     Change     Change 
North America  USD 2,498   USD 1,604   USD 894      56   % 
Latin America  430     212     218       103  % 
EAME      1,291    933     358       38   % 
Asia/Pacific  1,384    1,283    101       8   % 
External    5,603    4,032    1,571      39   % 
Sales 
Inter-segment  53      16      37       231  % 
Total Sales   USD 5,656   USD 4,048   USD 1,608     40   % 
 
Segment Profit 
        Second    Second            % 
        Quarter   Quarter 
        2021     2020     Change     Change 
Segment     USD 1,024   USD 518    USD 506      98   % 
Profit 
Segment     18.1   %  12.8   %  5.3    pts 
Profit Margin 
 

Construction Industries' total sales were USD5.656 billion in the second quarter of 2021, an increase of USD1.608 billion, or 40%, compared with USD4.048 billion in the second quarter of 2020. The increase was due to higher sales volume, favorable price realization and favorable currency impacts from the euro, Australian dollar and Chinese yuan. The increase in sales volume was driven by higher end-user demand for equipment and aftermarket parts and the impact from changes in dealer inventories. Overall, dealers decreased inventories more during the second quarter of 2020 than during the second quarter of 2021. 1. In North America, sales increased due to higher sales volume and favorable price realization. Higher sales volume

was driven by higher end-user demand primarily in residential construction and the impact from changes in dealer

inventories. Dealers decreased inventories more during the second quarter of 2020 than during the second quarter of

2021. 2. Sales increased in Latin America mostly due to higher sales volume driven by higher end-user demand across the

region for equipment and aftermarket parts and the impact of changes in dealer inventories. Dealers increased

inventories during the second quarter of 2021, compared with a decrease during the second quarter of 2020. 3. In EAME, sales increased due to higher sales volume and favorable currency impacts primarily from a stronger euro.

Higher sales volume was driven by higher end-user demand and the impact from changes in dealer inventories. Dealers

increased inventories during the second quarter of 2021, compared with a decrease during the second quarter of

2020. 4. Sales increased in Asia/Pacific primarily due to favorable currency impacts from a stronger Australian dollar and

Chinese yuan and favorable price realization, partially offset by lower sales volume. Lower sales volume was driven

by lower end-user demand for equipment, primarily in China, partially offset by the impacts from changes in dealer

inventories and higher end-user demand for aftermarket parts. Dealers decreased inventories more during the second

quarter of 2020 than during the second quarter of 2021.

Construction Industries' profit was USD1.024 billion in the second quarter of 2021, an increase of USD506 million, or 98%, compared with USD518 million in the second quarter of 2020. The increase was mainly due to higher sales volume and favorable price realization, partially offset by higher SG&A/R&D expenses and unfavorable manufacturing costs.

The increase in SG&A/R&D expenses was driven by higher short-term incentive compensation expense.

Increased manufacturing costs reflected higher period manufacturing and material costs partially offset by favorable impacts of cost absorption and variable labor and burden. The increase in period manufacturing costs was driven by higher short-term incentive compensation expense and higher labor costs. Cost absorption was favorable as inventory increased during the second quarter of 2021, compared with a decrease during the second quarter of 2020.

RESOURCE INDUSTRIES 
(Millions of 
dollars) 
Segment Sales 
        Second            Price                  Second     USD     % 
        Quarter 2020  Sales Volume  Realization  Currency  Inter-Segment  Quarter 2021 
                                                    Change   Change 
Total Sales   USD 1,826    USD 712     USD (17)    USD 66    USD (8)      USD 2,579    USD 753   41 % 
 
Sales by Geographic Region 
        Second     Second     USD       % 
        Quarter 2021  Quarter 2020 
                       Change    Change 
North America  USD 799     USD 507     USD 292     58  % 
Latin America  487      270      217      80  % 
EAME      525      379      146      39  % 
Asia/Pacific  660      554      106      19  % 
External    2,471     1,710     761      45  % 
Sales 
Inter-segment  108      116      (8)      (7  %) 
Total Sales   USD 2,579    USD 1,826    USD 753     41  % 
 
Segment Profit 

(MORE TO FOLLOW) Dow Jones Newswires

July 30, 2021 09:02 ET (13:02 GMT)

DJ Caterpillar Inc.: Files Form 8-K Earnings Release -3-

Second     Second            % 
        Quarter 2021  Quarter 2020 
                       Change    Change 
Segment     USD 361     USD 152     USD 209     138  % 
Profit 
Segment     14.0    %  8.3    %  5.7   pts 
Profit Margin 
 

Resource Industries' total sales were USD2.579 billion in the second quarter of 2021, an increase of USD753 million, or 41%, compared with USD1.826 billion in the second quarter of 2020. The increase was due to higher sales volume driven by higher end-user demand for equipment and aftermarket parts and the impacts of changes in dealer inventories. Dealers decreased inventories during the second quarter of 2020, compared to remaining about flat during the second quarter of 2021. End-user demand was higher in heavy construction and quarry and aggregates; it was also higher in mining, although to a lesser extent.

Resource Industries' profit was USD361 million in the second quarter of 2021, an increase of USD209 million, or 138%, compared with USD152 million in the second quarter of 2020. The increase was mainly due to higher sales volume, partially offset by higher SG&A/R&D expenses. The increase in SG&A/R&D expenses was driven by higher short-term incentive compensation expense.

ENERGY & TRANSPORTATION 
(Millions of 
dollars) 
Segment Sales 
         Second            Price                   Second     USD     % 
         Quarter 2020  Sales Volume  Realization  Currency  Inter-Segment  Quarter 2021 
                                                     Change   Change 
Total Sales   USD 4,149    USD 456     USD 12      USD 111   USD 247      USD 4,975    USD 826   20 % 
 
Sales by Application 
         Second     Second     USD       % 
         Quarter 2021  Quarter 2020 
                        Change     Change 
Oil and Gas   USD 1,137    USD 1,027    USD 110     11   % 
Power      1,052     895      157      18   % 
Generation 
Industrial    899      678      221      33   % 
Transportation  1,032     941      91       10   % 
External Sales  4,120     3,541     579      16   % 
Inter-segment  855      608      247      41   % 
Total Sales   USD 4,975    USD 4,149    USD 826     20   % 
 
Segment Profit 
         Second     Second            % 
         Quarter 2021  Quarter 2020 
                        Change     Change 
Segment Profit  USD 731     USD 624     USD 107     17   % 
Segment Profit  14.7    %  15.0    %  (0.3  pts) 
Margin 
 

Energy & Transportation's total sales were USD4.975 billion in the second quarter of 2021, an increase of USD826 million, or 20%, compared with USD4.149 billion in the second quarter of 2020. Sales increased across all applications. 1. Oil and Gas - Sales increased mainly due to higher sales of reciprocating engine aftermarket parts in all regions.

The increase was partially offset by lower sales in reciprocating engines used in well servicing applications and

turbines and turbine-related services. 2. Power Generation - Sales increased due to higher sales volume in large reciprocating engines, primarily driven by

data centers, and reciprocating engine aftermarket parts. 3. Industrial - Sales were up due to higher demand across all regions. 4. Transportation - Sales increased in rail services and marine.

Energy & Transportation's profit was USD731 million in the second quarter of 2021, an increase of USD107 million, or 17%, compared with USD624 million in the second quarter of 2020. The increase was due to higher sales volume partially offset by higher SG&A/R&D expenses and period manufacturing costs. Both SG&A/R&D expenses and period manufacturing costs were driven by higher short-term incentive compensation expense and acquisition-related expenses.

FINANCIAL PRODUCTS SEGMENT 
(Millions of dollars) 
Revenues by Geographic Region 
                                  USD     % 
            Second Quarter 2021  Second Quarter 2020 
                                  Change  Change 
North America      USD 488         USD 493         USD (5)   (1 %) 
Latin America      65          60          5     8  % 
EAME          96          96          -     -  % 
Asia/Pacific      125          114          11    10 % 
Total Revenues     USD 774         USD 763         USD 11   1  % 
 
Segment Profit 
                                       % 
            Second Quarter 2021  Second Quarter 2020 
                                  Change  Change 
Segment Profit     USD 243         USD 148         USD 95   64 % 
 

Financial Products' segment revenues were USD774 million in the second quarter of 2021, an increase of USD11 million, or 1%, from the second quarter of 2020.

Financial Products' segment profit was USD243 million in the second quarter of 2021, compared with USD148 million in the second quarter of 2020. The increase was mainly due to lower provision for credit losses at Cat Financial, higher net yield on average earning assets and a favorable impact from returned or repossessed equipment. These favorable impacts were partially offset by an increase in SG&A expenses primarily due to higher short-term incentive compensation expense.

At the end of the second quarter of 2021, past dues at Cat Financial were 2.58%, compared with 3.74% at the end of the second quarter of 2020. Past dues decreased across all portfolio segments as global markets generally improved. Write-offs, net of recoveries, were USD54 million for the second quarter of 2021, compared with USD30 million for the second quarter of 2020. As of June 30, 2021, Cat Financial's allowance for credit losses totaled USD402 million, or 1.46% of finance receivables, compared with USD441 million, or 1.64% of finance receivables at March 31, 2021. The allowance for credit losses at year-end 2020 was USD479 million, or 1.77% of finance receivables.

Corporate Items and Eliminations

Expense for corporate items and eliminations was USD482 million in the second quarter of 2021, a decrease of USD98 million from the second quarter of 2020, primarily due to favorable impacts of segment reporting methodology differences and lower restructuring costs, partially offset by higher expenses due to timing differences.

Notes i. Glossary of terms is included on the Caterpillar website at https://investors.caterpillar.com/overview/default.aspx

. ii. End-user demand is demonstrated by the company's Rolling 3 Month Retail Sales Statistics filed in a Form 8-K on

Friday, July 30, 2021. iii. Information on non-GAAP financial measures is included in the appendix on page 13. 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 Friday, July 30, 2021, to discuss its 2021 second-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 2020 sales and revenues of USD41.7 billion, Caterpillar Inc. is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Since 1925, we've been driving sustainable progress and helping customers build a better world through innovative products and services. Throughout the product life cycle, we offer services built on cutting-edge technology and decades of product expertise. These products and services, backed by our global dealer network, provide exceptional value to help our customers succeed. We do 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/social-media.

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: Jennifer Driscoll, +1 224-551-4382 or Driscoll_Jennifer@cat.com

Caterpillar media contact: Kate Kenny, +1 309-361-9333 or Kenny_Kate@cat.com

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.

(MORE TO FOLLOW) Dow Jones Newswires

July 30, 2021 09:02 ET (13:02 GMT)

DJ Caterpillar Inc.: Files Form 8-K Earnings Release -4-

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) the duration and geographic spread of, business disruptions caused by, and the overall global economic impact of, 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.

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 two significant items in order for the company's results to be meaningful to readers. These items consist of (i) restructuring costs, which were incurred to generate longer-term benefits and (ii) remeasurement losses resulting from the settlements of pension obligations in the second quarter of 2020. The company does not consider these items 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 2021, 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     Operating  Operating   Profit    Provision (Benefit)  Effective         Profit 
millions except   Profit    Profit     Before    for Income Taxes    Tax Rate   Profit    per Share 
per share data)         Margin     Taxes 
 
Three Months 
Ended June 30,   USD 1,789   13.9    %  USD 1,870   USD  470        25.1  %  USD 1,413   USD 2.56 
2021 - U.S. GAAP 
Restructuring    25      0.2    %  25      3           15.0  %  22      USD 0.04 
costs 
Three Months 
Ended June 30,   USD 1,814   14.1    %  USD 1,895   USD  473        25.0  %  USD 1,435   USD 2.60 
2021 - Adjusted 
 
Three Months 
Ended June 30,   USD 784    7.8    %  USD 678    USD  227        33.5  %  USD 458    USD 0.84 
2020 - U.S. GAAP 
Restructuring    147     1.5    %  147     15           10.2  %  132     USD 0.24 
costs 
Remeasurement 
losses of pension  -      -     %  122     21           17.2  %  101     USD 0.19 
obligations 
Three Months 
Ended June 30,   USD 931    9.3    %  USD 947    USD  263        27.8  %  USD 691    USD 1.27 
2020 - Adjusted 
 

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 15 to 25 reconcile ME&T and Financial Products to Caterpillar Inc. consolidated financial information.

Caterpillar Inc.

Condensed Consolidated Statement of Results of Operations

(Unaudited)

(Dollars in millions except per share data)

Three Months Ended     Six Months Ended 
 
                                June 30,          June 30, 
                                2021     2020     2021     2020 
Sales and revenues: 
Sales of Machinery, Energy & Transportation          USD 12,193   USD 9,310   USD 23,384   USD 19,224 
Revenues of Financial Products                 696      687     1,392     1,408 
Total sales and revenues                    12,889    9,997    24,776    20,632 
 
Operating costs: 
Cost of goods sold                       8,881     7,113    16,893    14,379 
Selling, general and administrative expenses          1,364     1,179    2,603     2,300 
Research and development expenses               446      341     820      697 
Interest expense of Financial Products             116      149     241      324 
Other operating (income) expenses               293      431     616      744 
Total operating costs                     11,100    9,213    21,173    18,444 
 
Operating profit                        1,789     784     3,603     2,188 
 
Interest expense excluding Financial Products         120      135     262      248 
Other income (expense)                     201      29      526      251 
 
Consolidated profit before taxes                1,870     678     3,867     2,191 
 
Provision (benefit) for income taxes              470      227     945      652 
Profit of consolidated companies                1,400     451     2,922     1,539 
 
Equity in profit (loss) of unconsolidated affiliated companies 14      8      23      13 
 
Profit of consolidated and affiliated companies        1,414     459     2,945     1,552 
 
Less: Profit (loss) attributable to noncontrolling interests  1       1      2       2 
 
Profit 1                            USD 1,413    USD 458    USD 2,943    USD 1,550 
 
 
Profit per common share                    USD 2.58    USD 0.84    USD 5.38    USD 2.85 
Profit per common share - diluted 2              USD 2.56    USD 0.84    USD 5.33    USD 2.83 
 
Weighted-average common shares outstanding (millions) 
- Basic                            547.9     541.5    547.1     544.5 

(MORE TO FOLLOW) Dow Jones Newswires

July 30, 2021 09:02 ET (13:02 GMT)

DJ Caterpillar Inc.: Files Form 8-K Earnings Release -5-

- Diluted 2                          552.1     544.5    551.8     548.2 
 
1       Profit attributable to common shareholders. 
2       Diluted by assumed exercise of stock-based compensation awards using the treasury stock method. 

Caterpillar Inc.

Condensed Consolidated Statement of Financial Position

(Unaudited)

(Millions of dollars)

June 30,   December 31, 
                        2021     2020 
Assets 
Current assets: 
Cash and short-term investments         USD 10,831   USD 9,352 
Receivables - trade and other          7,840     7,317 
Receivables - finance              9,523     9,463 
Prepaid expenses and other current assets    2,080     1,930 
Inventories                   12,672    11,402 
Total current assets              42,946    39,464 
 
Property, plant and equipment - net       12,014    12,401 
Long-term receivables - trade and other     1,206     1,185 
Long-term receivables - finance         12,590    12,222 
Noncurrent deferred and refundable income taxes 1,455     1,523 
Intangible assets                1,176     1,308 
Goodwill                    6,372     6,394 
Other assets                  3,938     3,827 
Total assets                  USD 81,697   USD 78,324 
 
Liabilities 
Current liabilities: 
Short-term borrowings: 
=- Machinery, Energy & Transportation      USD 4      USD 10 
=- Financial Products              3,421     2,005 
Accounts payable                6,921     6,128 
Accrued expenses                3,556     3,642 
Accrued wages, salaries and employee benefits  1,759     1,096 
Customer advances                1,157     1,108 
Dividends payable                608      562 
Other current liabilities            2,126     2,017 
Long-term debt due within one year: 
=- Machinery, Energy & Transportation      50      1,420 
=- Financial Products              7,906     7,729 
Total current liabilities            27,508    25,717 
 
Long-term debt due after one year: 
=- Machinery, Energy & Transportation      9,752     9,749 
=- Financial Products              16,452    16,250 
Liability for postemployment benefits      6,581     6,872 
Other liabilities                4,524     4,358 
Total liabilities                64,817    62,946 
 
Shareholders' equity 
Common stock                  6,293     6,230 
Treasury stock                 (25,240)   (25,178) 
Profit employed in the business         36,934    35,167 
Accumulated other comprehensive income (loss)  (1,154)    (888) 
Noncontrolling interests            47      47 
Total shareholders' equity           16,880    15,378 
Total liabilities and shareholders' equity   USD 81,697   USD 78,324 

Caterpillar Inc.

Condensed Consolidated Statement of Cash Flow

(Unaudited)

(Millions of dollars)

Six Months Ended 
 
                                      June 30, 
                                      2021     2020 
Cash flow from operating activities: 
Profit of consolidated and affiliated companies              USD 2,945    USD 1,552 
Adjustments for non-cash items: 
Depreciation and amortization                       1,173     1,222 
Net gain on remeasurement of pension obligations              -       (132) 
Provision (benefit) for deferred income taxes               68      (32) 
Other                                   (20)     674 
Changes in assets and liabilities, net of acquisitions and divestitures: 
Receivables - trade and other                       (343)     1,176 
Inventories                                (1,179)    (145) 
Accounts payable                              893      (655) 
Accrued expenses                              22      (253) 
Accrued wages, salaries and employee benefits               618      (648) 
Customer advances                             49      (2) 
Other assets - net                             (47)     (7) 
Other liabilities - net                          (133)     (229) 
Net cash provided by (used for) operating activities            4,046     2,521 
Cash flow from investing activities: 
Capital expenditures - excluding equipment leased to others        (419)     (472) 
Expenditures for equipment leased to others                (681)     (526) 
Proceeds from disposals of leased assets and property, plant and equipment 636      382 
Additions to finance receivables                      (6,203)    (6,712) 
Collections of finance receivables                     5,580     6,801 
Proceeds from sale of finance receivables                 27      31 
Investments and acquisitions (net of cash acquired)            (398)     (49) 
Proceeds from sale of businesses and investments (net of cash sold)    28      13 
Proceeds from sale of securities                      276      151 
Investments in securities                         (500)     (369) 
Other - net                                (63)     7 
Net cash provided by (used for) investing activities            (1,717)    (743) 
Cash flow from financing activities: 
Dividends paid                               (1,126)    (1,125) 
Common stock issued, including treasury shares reissued          123      (10) 
Common shares repurchased                         (251)     (1,130) 
Proceeds from debt issued (original maturities greater than three months) 4,906     6,159 
Payments on debt (original maturities greater than three months)      (5,966)    (4,629) 
Short-term borrowings - net (original maturities three months or less)   1,460     (477) 
Other - net                                (2)      (1) 
Net cash provided by (used for) financing activities            (856)     (1,213) 
Effect of exchange rate changes on cash                  3       (66) 
Increase (decrease) in cash and short-term investments and restricted cash 1,476     499 
Cash and short-term investments and restricted cash at beginning of period 9,366     8,292 
Cash and short-term investments and restricted cash at end of period    USD 10,842   USD 8,791 
All short-term investments, which consist primarily of highly liquid investments with original maturities of three 
months or less, are considered to be cash equivalents. 

Caterpillar Inc.

Supplemental Data for Results of Operations

For the Three Months Ended June 30, 2021

(Unaudited)

(Millions of dollars)

Supplemental Consolidating Data 
                                 Machinery, Energy &     Financial  Consolidating 
                         Consolidated  Transportation 
                                               Products  Adjustments 
Sales and revenues: 
Sales of Machinery, Energy & Transportation   USD 12,193    USD 12,193          USD -     USD  - 
Revenues of Financial Products          696       -              796     (100)     1 
Total sales and revenues             12,889     12,193           796     (100) 
 
Operating costs: 
Cost of goods sold                8,881      8,884            -      (3)      2 
Selling, general and administrative expenses   1,364      1,210            159     (5)      2 
Research and development expenses        446       446             -      - 
Interest expense of Financial Products      116       -              116     - 
Other operating (income) expenses        293       -              307     (14)      2 
Total operating costs              11,100     10,540           582     (22) 
 
Operating profit                 1,789      1,653            214     (78) 
 
Interest expense excluding Financial Products  120       120             -      - 
Other income (expense)              201       445             28     (272)     3 
 
Consolidated profit before taxes         1,870      1,978            242     (350) 
 
Provision (benefit) for income taxes       470       415             55     - 
Profit of consolidated companies         1,400      1,563            187     (350) 
 

(MORE TO FOLLOW) Dow Jones Newswires

July 30, 2021 09:02 ET (13:02 GMT)

DJ Caterpillar Inc.: Files Form 8-K Earnings Release -6-

Equity in profit (loss) of unconsolidated    14       17             -      (3)      4 
affiliated companies 
 
Profit of consolidated and affiliated companies 1,414      1,580            187     (353) 
 
Less: Profit (loss) attributable to       1        1              3      (3)      5 
noncontrolling interests 
 
Profit 6                     USD 1,413    USD 1,579           USD 184    USD  (350) 
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. 
6       Profit attributable to common shareholders. 

Caterpillar Inc.

Supplemental Data for Results of Operations

For the Three Months Ended June 30, 2020

(Unaudited)

(Millions of dollars)

Supplemental Consolidating Data 
                                Machinery, Energy &    Financial  Consolidating 
                         Consolidated  Transportation 
                                              Products  Adjustments 
Sales and revenues: 
Sales of Machinery, Energy & Transportation   USD 9,310    USD 9,310          USD -    USD  - 
Revenues of Financial Products          687      -             780     (93)      1 
Total sales and revenues             9,997     9,310           780     (93) 
 
Operating costs: 
Cost of goods sold                7,113     7,114           -      (1)      2 
Selling, general and administrative expenses   1,179     984            201     (6)      2 
Research and development expenses        341      341            -      - 
Interest expense of Financial Products      149      -             149     - 
Other operating (income) expenses        431      122            320     (11)      2 
Total operating costs              9,213     8,561           670     (18) 
 
Operating profit                 784      749            110     (75) 
 
Interest expense excluding Financial Products  135      135            -      - 
Other income (expense)              29       (57)            31     55       3 
 
Consolidated profit before taxes         678      557            141     (20) 
 
Provision (benefit) for income taxes       227      190            37     - 
Profit of consolidated companies         451      367            104     (20) 
 
Equity in profit (loss) of unconsolidated    8       13             -      (5)      4 
affiliated companies 
 
Profit of consolidated and affiliated companies 459      380            104     (25) 
 
Less: Profit (loss) attributable to       1       1             5      (5)      5 
noncontrolling interests 
 
Profit 6                     USD 458     USD 379           USD 99    USD  (20) 
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. 
6       Profit attributable to common shareholders. 

Caterpillar Inc.

Supplemental Data for Results of Operations

For the Six Months Ended June 30, 2021

(Unaudited)

(Millions of dollars)

Supplemental Consolidating Data 
                                 Machinery, Energy &     Financial  Consolidating 
                         Consolidated  Transportation 
                                               Products  Adjustments 
Sales and revenues: 
Sales of Machinery, Energy & Transportation   USD 23,384    USD 23,384          USD -     USD  - 
Revenues of Financial Products          1,392      -              1,584    (192)     1 
Total sales and revenues             24,776     23,384           1,584    (192) 
 
Operating costs: 
Cost of goods sold                16,893     16,897           -      (4)      2 
Selling, general and administrative expenses   2,603      2,324            283     (4)      2 
Research and development expenses        820       820             -      - 
Interest expense of Financial Products      241       -              241     - 
Other operating (income) expenses        616       26             621     (31)      2 
Total operating costs              21,173     20,067           1,145    (39) 
 
Operating profit                 3,603      3,317            439     (153) 
 
Interest expense excluding Financial Products  262       262             -      - 
Other income (expense)              526       676             47     (197)     3 
 
Consolidated profit before taxes         3,867      3,731            486     (350) 
 
Provision (benefit) for income taxes       945       827             118     - 
Profit of consolidated companies         2,922      2,904            368     (350) 
 
Equity in profit (loss) of unconsolidated    23       29             -      (6)      4 
affiliated companies 
 
Profit of consolidated and affiliated companies 2,945      2,933            368     (356) 
 
Less: Profit (loss) attributable to       2        2              6      (6)      5 
noncontrolling interests 
 
Profit 6                     USD 2,943    USD 2,931           USD 362    USD  (350) 
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. 
6       Profit attributable to common shareholders. 

Caterpillar Inc.

Supplemental Data for Results of Operations

For the Six Months Ended June 30, 2020

(Unaudited)

(Millions of dollars)

Supplemental Consolidating Data 
                                 Machinery, Energy &     Financial  Consolidating 
                         Consolidated  Transportation 
                                               Products  Adjustments 
Sales and revenues: 
Sales of Machinery, Energy & Transportation   USD 19,224    USD 19,224          USD -     USD  - 
Revenues of Financial Products          1,408      -              1,610    (202)     1 
Total sales and revenues             20,632     19,224           1,610    (202) 
 
Operating costs: 
Cost of goods sold                14,379     14,381           -      (2)      2 
Selling, general and administrative expenses   2,300      1,924            383     (7)      2 
Research and development expenses        697       697             -      - 
Interest expense of Financial Products      324       -              325     (1)      3 
Other operating (income) expenses        744       132             640     (28)      2 

(MORE TO FOLLOW) Dow Jones Newswires

July 30, 2021 09:02 ET (13:02 GMT)

DJ Caterpillar Inc.: Files Form 8-K Earnings Release -7-

Total operating costs              18,444     17,134           1,348    (38) 
 
Operating profit                 2,188      2,090            262     (164) 
 
Interest expense excluding Financial Products  248       247             -      1       3 
Other income (expense)              251       122             (16)    145      4 
 
Consolidated profit before taxes         2,191      1,965            246     (20) 
 
Provision (benefit) for income taxes       652       587             65     - 
Profit of consolidated companies         1,539      1,378            181     (20) 
 
Equity in profit (loss) of unconsolidated    13       22             -      (9)      5 
affiliated companies 
 
Profit of consolidated and affiliated companies 1,552      1,400            181     (29) 
 
Less: Profit (loss) attributable to       2        2              9      (9)      6 
noncontrolling interests 
 
Profit 7                     USD 1,550    USD 1,398           USD 172    USD  (20) 
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. 
7       Profit attributable to common shareholders. 

Caterpillar Inc.

Supplemental Data for Financial Position

At June 30, 2021

(Unaudited)

(Millions of dollars)

Supplemental Consolidating Data 
                                 Machinery, 
                                          Financial   Consolidating 
                         Consolidated  Energy & 
                                          Products   Adjustments 
                                 Transportation 
Assets 
Current assets: 
Cash and short-term investments          USD 10,831    USD 10,028     USD 803     USD - 
Receivables - trade and other           7,840      3,169       455      4,216     1,2 
Receivables - finance               9,523      -         13,863    (4,340)    2 
Prepaid expenses and other current assets     2,080      1,756       479      (155)     3 
Inventories                    12,672     12,672      -       - 
Total current assets               42,946     27,625      15,600    (279) 
 
Property, plant and equipment - net        12,014     8,035       3,979     - 
Long-term receivables - trade and other      1,206      375        176      655      1,2 
Long-term receivables - finance          12,590     -         13,273    (683)     2 
Noncurrent deferred and refundable income taxes  1,455      1,980       103      (628)     4 
Intangible assets                 1,176      1,176       -       - 
Goodwill                     6,372      6,372       -       - 
Other assets                   3,938      3,250       1,899     (1,211)    5 
Total assets                   USD 81,697    USD 48,813     USD 35,030   USD (2,146) 
 
Liabilities 
Current liabilities: 
Short-term borrowings               USD 3,425    USD 4       USD 3,421    USD - 
Short-term borrowings with consolidated companies -        -         -       - 
Accounts payable                 6,921      6,830       215      (124)     6 
Accrued expenses                 3,556      3,191       365      - 
Accrued wages, salaries and employee benefits   1,759      1,719       40      - 
Customer advances                 1,157      1,157       -       - 
Dividends payable                 608       608        -       - 
Other current liabilities             2,126      1,658       646      (178)     4,7 
Long-term debt due within one year        7,956      50        7,906     - 
Total current liabilities             27,508     15,217      12,593    (302) 
 
Long-term debt due after one year         26,204     9,780       16,452    (28)      8 
Liability for postemployment benefits       6,581      6,580       1       - 
Other liabilities                 4,524      3,851       1,374     (701)     4 
Total liabilities                 64,817     35,428      30,420    (1,031) 
 
Shareholders' equity 
Common stock                   6,293      6,293       919      (919)     9 
Treasury stock                  (25,240)    (25,240)     -       - 
Profit employed in the business          36,934     32,846      4,077     11       9 
Accumulated other comprehensive income (loss)   (1,154)     (563)       (591)     - 
Noncontrolling interests             47       49        205      (207)     9 
Total shareholders' equity            16,880     13,385      4,610     (1,115) 
Total liabilities and shareholders' equity    USD 81,697    USD 48,813     USD 35,030   USD (2,146) 
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. 
3       Elimination 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. 
7       Elimination of prepaid insurance in Financial Products' other liabilities. 
8       Elimination of debt between ME&T and Financial Products. 
9       Eliminations associated with ME&T's investments in Financial Products' subsidiaries. 

Caterpillar Inc.

Supplemental Data for Financial Position

At December 31, 2020

(Unaudited)

(Millions of dollars)

Supplemental Consolidating Data 
                                 Machinery, 
                                          Financial   Consolidating 
                         Consolidated  Energy & 
                                          Products   Adjustments 
                                 Transportation 
Assets 
Current assets: 
Cash and short-term investments          USD 9,352    USD 8,822     USD 530     USD - 
Receivables - trade and other           7,317      3,846       397      3,074     1,2 
Receivables - finance               9,463      -         13,681    (4,218)    2 
Prepaid expenses and other current assets     1,930      1,376       624      (70)      3 
Inventories                    11,402     11,402      -       - 
Total current assets               39,464     25,446      15,232    (1,214) 
 
Property, plant and equipment - net        12,401     8,309       4,092     - 
Long-term receivables - trade and other      1,185      363        164      658      1,2 
Long-term receivables - finance          12,222     -         12,895    (673)     2 
Noncurrent deferred and refundable income taxes  1,523      2,058       110      (645)     4 
Intangible assets                 1,308      1,308       -       - 
Goodwill                     6,394      6,394       -       - 
Other assets                   3,827      3,158       1,871     (1,202)    5 
Total assets                   USD 78,324    USD 47,036     USD 34,364   USD (3,076) 
 
Liabilities 
Current liabilities: 
Short-term borrowings               USD 2,015    USD 10       USD 2,005    USD - 

(MORE TO FOLLOW) Dow Jones Newswires

July 30, 2021 09:02 ET (13:02 GMT)

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Sondersituation: Vervielfachungschance bei diesen Goldaktien

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