April 18, 2014 8:48 PM ET

Consumer Finance

Company Overview of Caterpillar Financial Services Corporation

Company Overview

Caterpillar Financial Services Corporation, together with its subsidiaries, provides retail and wholesale financing solutions for Caterpillar Inc.’s (Caterpillar) products to customers and dealers worldwide. Its retail financing solutions comprise financing of Caterpillar equipment, machinery, and engines. The company also offers financing for vehicles, power generation facilities, and marine vessels that primarily incorporate Caterpillar products. In addition, it provides wholesale financing to Caterpillar dealers; and purchases short-term receivables from Caterpillar. The company was founded in 1981 and is headquartered in Nashville, Tennessee. Caterpillar Financial Services Corporation is...

2120 West End Avenue

Nashville, TN 37203

United States

Founded in 1981

1,767 Employees

Phone:

615-341-1000

Key Executives for Caterpillar Financial Services Corporation

Chief Executive Officer
Age: 58
Chief Financial Officer and Executive Vice President
Group President of Caterpillar Inc
Age: 62
President of Cat Financial Insurance Services
Age: 52
Principal Accounting Officer and Controller
Compensation as of Fiscal Year 2013.

Caterpillar Financial Services Corporation Key Developments

Caterpillar Financial Services Corporation Announces Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

Caterpillar Financial Services Corporation announced earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported revenues of $711 million, profit before income taxes of $208 million, profit after tax of $160 million compared to revenues of $679 million, profit before income taxes of $124 million, profit after tax of $99 million a year ago. The increase in Revenue was primarily due to a $33 million favorable impact from higher average earning assets. The increase profit before tax was primarily due to a $61 million decrease in the provision for credit losses, a $16 million favorable impact from currency gains and losses and a $14 million favorable impact from higher average earning assets. For the year, the company reported revenues of $2,783 million, profit before income taxes of $718 million, profit after tax of $530 million compared to revenues of $2,693 million, profit before income taxes of $591 million, profit after tax of $432 million a year ago. The increase in Revenue was primarily due to a $229 million favorable impact from higher average earning assets, partially offset by a $123 million unfavorable impact from lower average financing rates on new and existing finance receivables and operating leases and a $14 million unfavorable impact from returned or repossessed equipment. The increase in profit before tax was primarily due to a $97 million favorable impact from higher average earning assets and a $67 million decrease in the provision for credit losses.

Caterpillar Financial Services Corporation Announces Financial Results for the Third Quarter and Nine Months Ended September 30, 2013

Caterpillar Financial Services Corporation announced financial results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported revenues of $698 million against $678 million a year ago. Profit before income taxes was $165 million against $153 million a year ago. Profit after tax was $118 million against $109 million a year ago. The increase in Revenue was primarily due to a $40 million favorable impact from higher average earning assets (finance receivables and operating leases at constant rates), partially offset by a $26 million unfavorable impact from lower average financing rates on new and existing finance receivables and operating leases. For the nine months, the company reported revenues of $2,072 million against $2,014 million a year ago. Profit before income taxes was $510 million against $467 million a year ago. Profit after tax was $370 million against $333 million a year ago.

Cat Finance Presents at African Copper Conference, Sep-26-2013 04:00 PM

Cat Finance Presents at African Copper Conference, Sep-26-2013 04:00 PM. Venue: Radisson Blu Hotel, 19029 Great East Road, Lusaka, Zambia. Speakers: Tim Logan, Global Portfolio Manager ­ Mining.

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