CATERPILLAR INC (CAT) [Rocket]

In millions, except per share items	Dec-31-22	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21	Jun-30-21	Mar-31-21	Dec-31-20
	8-K	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K
Total revenues	16,597	14,247	13,589	13,798	12,397	12,889	11,887	11,235
Revenue growth	20.3%	10.5%	14.3%	22.8%	25.5%	28.9%	11.8%	-14.5%
Cost of goods sold	14,917	9,975	9,559	10,003	8,617	8,881	8,012	7,784
Gross profit	1,680	4,272	4,030	3,795	3,780	4,008	3,875	3,451
Gross margin	10.1%	30.0%	29.7%	27.5%	30.5%	31.1%	32.6%	30.7%
Selling, general and administrative [+]	1,479	1,425	1,346	1,422	1,340	1,364	1,239	1,216
General and administrative				1,422				1,216
Research and development	401	480	457	439	427	446	374	374
Equity in earnings		4	7	-13	21	14	9	6
Other operating expenses	-2,805	423	372	323	349	409	448	481
EBITDA [+]		2,501	2,419	2,184	2,278	2,390	2,409	2,003
EBITDA growth	19.3%	4.6%	0.4%	9.0%	44.8%	70.7%	19.1%	-19.9%
EBITDA margin	15.7%	17.6%	17.8%	15.8%	18.4%	18.5%	20.3%	17.8%
Depreciation		482	485	512	518	511	509	542
EBITA	2,605	2,019	1,934	1,672	1,760	1,879	1,900	1,461
EBITA margin	15.7%	14.2%	14.2%	12.1%	14.2%	14.6%	16.0%	13.0%
Amortization of intangibles		71	72	74	75	76	77	75
EBIT [+]	2,605	1,948	1,862	1,598	1,685	1,803	1,823	1,386
EBIT growth	63.0%	8.0%	2.1%	15.3%	71.9%	127.7%	29.4%	-25.4%
EBIT margin	15.7%	13.7%	13.7%	11.6%	13.6%	14.0%	15.3%	12.3%
Non-recurring items [+]	925
Asset impairment	925
Interest income		25	21	16	20	21	23	21
Interest income		25	21	16	20	21	23	21
Other income (expense), net	419	123	116	948	70	46	151	-466
Pre-tax income	2,099	2,096	1,999	2,562	1,775	1,870	1,997	941
Income taxes	644	427	469	429	368	470	475	167
Tax rate	30.7%	20.4%	23.5%	16.7%	20.7%	25.1%	23.8%	17.7%
Minority interest					2	1	1
Net income	0	1,673	1,537	2,120	1,426	1,413	1,530	780
Net margin	0.0%	11.7%	11.3%	15.4%	11.5%	11.0%	12.9%	6.9%

Basic EPS [+]		$3.15	$2.88	$3.90	$2.62	$2.58	$2.80	$1.43
Growth		22.2%	2.7%	171.8%	112.8%	204.9%	40.2%	-26.7%
Diluted EPS [+]		$3.13	$2.86	$3.87	$2.60	$2.56	$2.77	$1.42
Growth		22.4%	2.9%	171.8%	113.0%	204.3%	40.0%	-26.5%

Dividends per share [+]		$2.31	$1.11	$2.22	$1.12	$2.14	$1.03	$2.06
Growth	-100.0%	7.9%	8.2%	7.8%	8.4%	3.9%	-0.8%	0.0%

Shares outstanding (basic) [+]		531	535	544	544	548	546	544
Growth		-3.1%	-2.2%	0.0%	0.3%	1.2%	-0.1%	-3.1%
Shares outstanding (diluted) [+]		534	538	549	548	552	551	549
Growth		-3.3%	-2.4%	0.0%	0.2%	1.4%	0.1%	-3.3%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.