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MarketScreener Homepage  >  Equities  >  Nyse  >  Caterpillar Inc.    CAT


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CATERPILLAR INC : Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)

11/13/2020 | 09:05am EST

Item 7.01. Regulation FD Disclosure.

Caterpillar Inc. ("Caterpillar", "we" or "our") 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").
Caterpillar sells the majority of its machinery and power systems to
independently owned and operated dealers and OEMs to meet the demands of their
customers, the end users. Caterpillar believes that this supplemental
information may help readers better understand Caterpillar's business and the
industries it serves, particularly in light of the time delay between
Caterpillar's sales to dealers and dealers' sales to end users.

In this report, we are providing information by geographic region for retail
sales of machines in each of our Resource Industries and Construction Industries
reportable segments, as well as information regarding total retail sales of our
machines globally. For our Energy & Transportation reportable segment, we are
providing retail sales information by major end use.

The information presented in this report is primarily based on unaudited reports
that are voluntarily provided to Caterpillar by its independent dealers and
which are not subject to Caterpillar's internal controls over financial
reporting. Accordingly, the data collected from such third parties may not be
accurate and/or complete. As such, the information presented in this report is
intended solely to convey an approximate indication of the trends, direction and
magnitude of retail sales and is not intended to be an estimate, approximation
or prediction of, or substitute for, Caterpillar's audited financial statements
filed with the U.S. Securities and Exchange Commission. This information is
furnished under this report with the U.S. Securities and Exchange Commission.
Caterpillar does not undertake to update or adjust prior period information.


                                Caterpillar Inc.
                    Rolling 3 Month Retail Sales Statistics

Total Machines             October 2020   September 2020    August 2020
Asia/Pacific                  UP 3%          UNCHANGED        DOWN 1%
EAME                         DOWN 15%        DOWN 13%         DOWN 4%
Latin America                DOWN 7%         DOWN 17%         DOWN 16%
North America                DOWN 28%        DOWN 31%         DOWN 35%
World                        DOWN 17%        DOWN 20%         DOWN 20%
Resource Industries        October 2020   September 2020    August 2020
Asia/Pacific                 DOWN 14%        DOWN 10%         DOWN 17%
EAME                         DOWN 20%        DOWN 13%          UP 10%
Latin America                DOWN 29%        DOWN 54%         DOWN 45%
North America                DOWN 44%        DOWN 46%         DOWN 50%
World                        DOWN 29%        DOWN 31%         DOWN 27%
Construction Industries    October 2020   September 2020    August 2020
Asia/Pacific                  UP 9%            UP 4%           UP 6%
EAME                         DOWN 13%        DOWN 13%         DOWN 9%
Latin America                 UP 6%           UP 10%           UP 5%
North America                DOWN 24%        DOWN 27%         DOWN 31%
World                        DOWN 13%        DOWN 15%         DOWN 17%

Reported in constant dollars and based on unit sales as reported primarily by dealers.

Energy & Transportation Retail Sales by industry for the 3-month rolling period ended as of the month indicated compared with the same period of the prior year:

                                       October 2020                September 2020                August 2020
Power Gen                                 DOWN 6%                      DOWN 6%                      UP 14%
Industrial                               DOWN 33%                     DOWN 39%                     DOWN 42%
Transportation                           DOWN 38%                     DOWN 15%                     DOWN 20%
Oil & Gas                                DOWN 27%                     DOWN 42%                     DOWN 30%
Total                                    DOWN 22%                     DOWN 27%                     DOWN 17%

Reported in constant dollars based on reporting from dealers and direct sales.


                               Glossary of Terms

Construction Industries: Our Construction Industries segment is primarily
responsible for supporting customers using machinery in infrastructure, forestry
and building construction. The majority of sales in this segment are made in the
heavy and general construction, rental, quarry and aggregates markets and
mining. The Construction Industries product portfolio primarily includes the
following machines:
        · asphalt pavers         · forestry excavators   · small and medium
        · backhoe loaders        · motorgraders           track-type tractors
        · compactors             · pipelayers            · track-type loaders
        · cold planers           · road reclaimers       · wheel excavators
        · compact track and      · site prep tractors    · compact, small and

multi-terrain loaders · skid steer loaders medium wheel loaders

· mini, small, medium · telehandlers · utility vehicles

and large excavators

Effective September 2019, Caterpillar has divested its Forestry product segment.
Those products have been removed from the Construction Industries product
portfolio where any remaining product Dealer Inventory will be reported in Total
Machines as they are depleted.

EAME: Europe, Africa, Commonwealth of Independent States and Middle East

Energy & Transportation: Our Energy & Transportation segment is primarily
responsible for supporting customers using reciprocating engines, turbines,
diesel-electric locomotives, integrated systems and solutions, and related parts
across industries serving oil and gas, power generation, industrial and marine
applications as well as rail-related businesses.

Resource Industries: Our Resource Industries segment is primarily responsible
for supporting customers using machinery in mining, quarry, waste and material
handling applications. The Resource Industries product portfolio primarily
includes the following machines:

· electric rope shovels                 · longwall miners                           · landfill compactors
· draglines                             · large wheel loaders                       · soil compactors
· hydraulic shovels                     · off-highway trucks                        · machinery components
· rotary drills                         · articulated trucks                        · electronics and control systems
· hard rock vehicles                    · wheel tractor scrapers                    · select work tools
· large track-type tractors             · wheel dozers                              · hard rock continuous mining
· large mining trucks                                                                systems

For purposes of this report, retail sales of longwall miners are not included in the information presented above for Resource Industries or Total Machines.


                           FORWARD-LOOKING STATEMENTS

Certain statements in this report 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) 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.

Item 9.01 Financial Statements and Exhibits

  (d) Exhibits.
        Number               Description

         104           The cover page from this Current Report on Form 8-K,
formatted in Inline XBRL.


© Edgar Online, source Glimpses

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