CAT (Caterpillar) Retained Earnings : $57,920 Mil (As of Sep. 2024)

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What is Caterpillar Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Caterpillar's retained earnings for the quarter that ended in Sep. 2024 was $57,920 Mil.

Caterpillar's quarterly retained earnings increased from Mar. 2024 ($54,108 Mil) to Jun. 2024 ($55,455 Mil) and increased from Jun. 2024 ($55,455 Mil) to Sep. 2024 ($57,920 Mil).

Caterpillar's annual retained earnings increased from Dec. 2021 ($39,282 Mil) to Dec. 2022 ($43,514 Mil) and increased from Dec. 2022 ($43,514 Mil) to Dec. 2023 ($51,250 Mil).

Caterpillar Retained Earnings Historical Data

The historical data trend for Caterpillar's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Caterpillar Retained Earnings Chart

Caterpillar Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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34,437.00

35,167.00

39,282.00

43,514.00

51,250.00

Caterpillar Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Retained Earnings	Get a 7-Day Free Trial															49,888.00	51,250.00	54,108.00	55,455.00	57,920.00

Caterpillar Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Caterpillar (NYSE:CAT) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Caterpillar Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Caterpillar Inc (NYSE:CAT) » Definitions » Retained Earnings

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Traded in Other Exchanges

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Address

5205 N. O'Connor Boulevard, Suite 100, Irving, TX, USA, 75039

Website

https://www.caterpillar.com

Caterpillar is the top manufacturer of heavy equipment, power solutions, and locomotives. It is currently the world's largest manufacturer of heavy equipment. The company is divided into four reportable segments: construction industries, resource industries, energy and transportation, and Cat Financial. Its products are available through a dealer network that covers the globe with about 2,700 branches maintained by 160 dealers. Cat Financial provides retail financing for machinery and engines to its customers, in addition to wholesale financing for dealers, which increases the likelihood of Caterpillar product sales.

Executives

Gerald Johnson	director	300 RENAISSANCE CENTER, M/C: 482-C23-A68, DETROIT MI 48265
Anthony D. Fassino	officer: Group President	510 LAKE COOK ROAD, SUITE 100, DEERFIELD IL 60015
Bonfield Andrew R J	officer: Chief Financial Officer	C/O BRISTOL MYERS SQUIBB CO, 345 PARK AVE, NEW YORK NY 10164
Susan C Schwab	director	2101 VAN MUNCHING HALL, COLLEGE PARK MD 20742
Lange Bob De	officer: Group President	510 LAKE COOK ROAD, SUITE 100, DEERFIELD IL 60015
Daniel M Dickinson	director	THAYER CAPITAL PARTNERS, 1455 PENNSYLVANIA AVENUE NW, STE 350, WASHINGTON DC 20004
Cheryl H Johnson	officer: Chief Human Resources Officer	40 WESTMINSTER STREET, PROVIDENCE RI 02903
William E Schaupp	officer: Chief Accounting Officer	PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
David Maclennan	director	14701 CHARLSON ROAD, EDEN PRAIRIE MN 55347
Joseph E Creed	officer: Interim CFO	510 LAKE COOK ROAD, SUITE 100, DEERFIELD IL 60015
Denise C Johnson	officer: Group President	C/O CATERPILLAR, INCORPORATED, 901 WEST WASHINGTON, CV41110, EAST PEORIA IL 61630
Fish James C Jr	director	800 CAPITOL STREET 3000, HOUSTON TX 77002
Judith Fran Marks	director	C/O HUBBELL INCORPORATED, 40 WATERVIEW DRIVE, SHELTON CT 06484
Suzette M Long	officer: Int. Executive Vice President	510 LAKE COOK ROAD, SUITE 100, DEERFILED IL 60015
Gary Michael Marvel	officer: Chief Accounting Officer	510 LAKE COOK ROAD, SUITE 100, DEERFIELD IL 60015