Question #1

Please compute CAT's Operating Cash Flow amounts for EACH of those past 4 quarters individually. Based on your calculated amounts, is there a trend for CAT's most recent OCFs to improve, stabilize, or deteriorate quarter-by-quarter during the past 4 quarters?

Show: Income Statement Balance Sheet Cash Flow Annual Quartery Income Statement All numbers in thousands 12/31/2017 Revenue 12/31/2018 12/31/2016 12/31/2015 Total Revenue 54,722,000 45,462,000 38,537,000 47,011,000 Cost of Revenue 39,819,000 33,638,000 30,402,000 35,897,000 Gross Profit 14,903,000 11,824,000 8,135,000 11,114,000 Operating Expenses Research Development 1,850,000 1,842,000 1,853,000 2,119,000 4,476,000 Se 4,806,000 4,425,000 4,363,000 ling General and Administrative Non Recurring Others 89,000 27,000 -19,000 -78,000 Total Operating Expenses 46,386,000 39,886,000 36,653,000 42,352,000 Operating Income or Loss 8,336,000 5,576,000 1,884,000 4,659,000 Income from Continuing Operations Total Other Income/Expenses Net -490,000 1,478,000 1,751,000 1,220,000 Earnings Before Interest and Taxes 8,336,000 5,576,000 1,884,000 4,659,000 -404,000 531,000 503,000 507,000 Interest Expense 3,439,000 Income Before Tax 7,846,000 4,098,000 133,000 Income Tax Expense 1,698,000 3,339,000 192,000 916,000 41,000 69,000 Minority Interest 76,000 76,000 2,523,000 Net Income From Continuing Ops 6,148,000 759,000 -59,000 Non-recurring Events Discontinued Operations Extraordinary Items Effect Of Accounting Changes Other Items Net Income Net Income 6,147,000 754,000 67,000 2,512,000 Preferred Stock And Other Adjustments Net Income Applicable To Common Shares 2,512,000 6,147,000 754,000 67,000 Show: Income Statement Balance Sheet Cash Flow Annual Quartery Income Statement All numbers in thousands 12/31/2017 Revenue 12/31/2018 12/31/2016 12/31/2015 Total Revenue 54,722,000 45,462,000 38,537,000 47,011,000 Cost of Revenue 39,819,000 33,638,000 30,402,000 35,897,000 Gross Profit 14,903,000 11,824,000 8,135,000 11,114,000 Operating Expenses Research Development 1,850,000 1,842,000 1,853,000 2,119,000 4,476,000 Se 4,806,000 4,425,000 4,363,000 ling General and Administrative Non Recurring Others 89,000 27,000 -19,000 -78,000 Total Operating Expenses 46,386,000 39,886,000 36,653,000 42,352,000 Operating Income or Loss 8,336,000 5,576,000 1,884,000 4,659,000 Income from Continuing Operations Total Other Income/Expenses Net -490,000 1,478,000 1,751,000 1,220,000 Earnings Before Interest and Taxes 8,336,000 5,576,000 1,884,000 4,659,000 -404,000 531,000 503,000 507,000 Interest Expense 3,439,000 Income Before Tax 7,846,000 4,098,000 133,000 Income Tax Expense 1,698,000 3,339,000 192,000 916,000 41,000 69,000 Minority Interest 76,000 76,000 2,523,000 Net Income From Continuing Ops 6,148,000 759,000 -59,000 Non-recurring Events Discontinued Operations Extraordinary Items Effect Of Accounting Changes Other Items Net Income Net Income 6,147,000 754,000 67,000 2,512,000 Preferred Stock And Other Adjustments Net Income Applicable To Common Shares 2,512,000 6,147,000 754,000 67,000