FIN 385 Week 7 Complete Project + Reference page
Date: August 2, 2014
To:
From:
Table of Contents
Summary 3
Company Background 3
Balance Sheets 4
Trends in YTM and Price 6
Purpose of the offering and leverage 10
Credit Rating 11
Rate of Return 13
Comparisons 19
Comments 23
Conclusion 23
Works Cited 25
Summary:
I. Company Background
Caterpillar is the world’s largest….
II. Balance Sheets
One-year Stock Performance
III. Trends in YTM and Price
Currency in
Millions of US Dollars As of: Dec 31
2009
Restated Dec 31
2010
Reclassified Dec 31
2011 Dec 31
2012 4 Year
Trend
Revenues 29,540.0 39,867.0 57,392.0 63,068.0
TOTAL REVENUES 32,396.0 42,588.0 60,138.0 65,875.0
Cost of Goods Sold 23,886.0 30,367.0 43,578.0 47,055.0
GROSS PROFIT 7,465.0 11,307.0 15,734.0 18,023.0
Selling General & Admin Expenses, Total 3,645.0 4,248.0 5,203.0 5,919.0
R&D Expenses 1,421.0 1,905.0 2,297.0 2,466.0
Other Operating Expenses 869.0 1,108.0 1,070.0 934.0
OTHER OPERATING EXPENSES, TOTAL 5,935.0 7,261.0 8,570.0 9,319.0
OPERATING INCOME 1,530.0 4,046.0 7,164.0 8,704.0
Interest Expense -596.0 -245.0 -510.0 -485.0
Interest and Investment Income 98.0 86.0 85.0 82.0
NET INTEREST EXPENSE -498.0 -159.0 -425.0 -403.0
Income (Loss) on Equity Investments -12.0 -24.0 -24.0 14.0
Currency Exchange Gains (Loss) 184.0 -55.0 21.0 -116.0
Other Non-Operating Income (Expenses) 320.0 -5.0 18.0 180.0
EBT, EXCLUDING UNUSUAL ITEMS 1,524.0 3,803.0 6,754.0 8,379.0
Merger & Restructuring Charges -706.0 -33.0 -166.0 -88.0
Impairment of Goodwill -22.0 — — -607.0
Gain (Loss) on Sale of Investments -14.0 6.0 12.0 2.0
Gain (Loss) on Sale of Assets — — 120.0 591.0
Other Unusual Items, Total -225.0 -50.0 -19.0 -27.0
Other Unusual Items -225.0 -50.0 -19.0 -5.0
Yield to Maturity
IV. Purpose of the Offering and Leverage
V. Credit Rating
VI. Rate of Return
Ratio analysis
Liquidity Analysis
1. Current Ratio
2. Quick Ratio
Profitability Analysis
Solvency Analysis
Duo Point Analysis
Stand Alone Risk Analysis
VII. Comparisons
1Table 3: Regression Output
VIII. Comments
Conclusion:
Works Cited
