$PCAR
PACCAR INC

2012 Q2 Form 10-Q Financial Statement

#000119312512344247 Filed on August 08, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2011 Q4 2011 Q2
Revenue $4.457B $4.854B $3.961B
YoY Change 12.54% 58.85% 60.74%
Cost Of Revenue $3.671B $4.039B $3.277B
YoY Change 12.0% 61.12% 63.09%
Gross Profit $786.6M $815.3M $683.5M
YoY Change 15.08% 48.48% 50.32%
Gross Profit Margin 17.65% 16.8% 17.26%
Selling, General & Admin $151.6M $152.7M $144.2M
YoY Change 5.13% 7.38% 5.1%
% of Gross Profit 19.27% 18.73% 21.1%
Research & Development $73.80M $72.30M $77.50M
YoY Change -4.77% 10.55% 32.71%
% of Gross Profit 9.38% 8.87% 11.34%
Depreciation & Amortization $175.6M $168.1M $169.0M
YoY Change 3.91% 8.59% 9.24%
% of Gross Profit 22.32% 20.62% 24.73%
Operating Expenses $346.9M $348.3M $341.1M
YoY Change 1.7% 9.94% 11.29%
Operating Profit $439.7M $467.0M $342.4M
YoY Change 28.42% 101.03% 131.04%
Interest Expense $6.600M $5.700M $10.80M
YoY Change -38.89% -13.64% 2600.0%
% of Operating Profit 1.5% 1.22% 3.15%
Other Income/Expense, Net
YoY Change
Pretax Income $446.3M $472.7M $353.2M
YoY Change 26.36% 97.87% 137.69%
Income Tax $149.1M $145.0M $113.5M
% Of Pretax Income 33.41% 30.67% 32.13%
Net Earnings $297.2M $327.7M $239.7M
YoY Change 23.99% 92.99% 140.66%
Net Earnings / Revenue 6.67% 6.75% 6.05%
Basic Earnings Per Share $0.83 $0.66
Diluted Earnings Per Share $0.83 $912.6K $0.65
COMMON SHARES
Basic Shares Outstanding 356.0M shares 365.9M shares
Diluted Shares Outstanding 356.8M shares 367.2M shares

Balance Sheet

Concept 2012 Q2 2011 Q4 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.648B $3.017B $2.926B
YoY Change -9.5% 21.12% 33.42%
Cash & Equivalents $1.720B $2.107B $1.873B
Short-Term Investments $929.0M $910.0M $1.053B
Other Short-Term Assets $356.0M $249.0M $267.0M
YoY Change 33.33% 13.7% 19.73%
Inventory $883.0M $710.0M $743.0M
Prepaid Expenses
Receivables $1.121B $978.0M $971.0M
Other Receivables $7.918B $7.260B $6.527B
Total Short-Term Assets $12.93B $12.21B $11.43B
YoY Change 13.07% 23.06% 22.76%
LONG-TERM ASSETS
Property, Plant & Equipment $4.696B $1.973B $4.240B
YoY Change 10.75% 17.9% 21.59%
Goodwill $136.7M
YoY Change
Intangibles
YoY Change
Long-Term Investments $929.0M $910.0M $1.053B
YoY Change -11.78% 101.77% 256.95%
Other Assets $622.0M $596.0M $628.0M
YoY Change -0.96% -3.25% 0.8%
Total Long-Term Assets $5.318B $4.959B $4.868B
YoY Change 9.24% 15.08% 18.47%
TOTAL ASSETS
Total Short-Term Assets $12.93B $12.21B $11.43B
Total Long-Term Assets $5.318B $4.959B $4.868B
Total Assets $18.24B $17.17B $16.30B
YoY Change 11.92% 20.64% 21.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.607B $2.377B $2.473B
YoY Change 5.42% 41.74% 62.48%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $3.382B $3.910B $3.475B
YoY Change -2.68% 64.84% 67.55%
Long-Term Debt Due $24.00M
YoY Change
Total Short-Term Liabilities $6.324B $6.901B $6.244B
YoY Change 1.28% 58.72% 63.46%
LONG-TERM LIABILITIES
Long-Term Debt $4.019B $2.746B $2.384B
YoY Change 68.58% -4.69% -23.69%
Other Long-Term Liabilities $1.302B $1.219B $1.055B
YoY Change 23.41% 30.51% 25.45%
Total Long-Term Liabilities $5.321B $3.965B $3.439B
YoY Change 54.73% 3.93% -13.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.324B $6.901B $6.244B
Total Long-Term Liabilities $5.321B $3.965B $3.439B
Total Liabilities $12.53B $11.81B $10.39B
YoY Change 20.66% 33.03% 23.24%
SHAREHOLDERS EQUITY
Retained Earnings $5.664B $5.175B
YoY Change 6.78%
Common Stock $357.1M $356.8M
YoY Change -2.33%
Preferred Stock
YoY Change
Treasury Stock (at cost) $139.5M
YoY Change
Treasury Stock Shares 3.600M shares
Shareholders Equity $5.712B $5.364B $5.914B
YoY Change
Total Liabilities & Shareholders Equity $18.24B $17.17B $16.30B
YoY Change 11.92% 20.64% 21.45%

Cashflow Statement

Concept 2012 Q2 2011 Q4 2011 Q2
OPERATING ACTIVITIES
Net Income $297.2M $327.7M $239.7M
YoY Change 23.99% 92.99% 140.66%
Depreciation, Depletion And Amortization $175.6M $168.1M $169.0M
YoY Change 3.91% 8.59% 9.24%
Cash From Operating Activities $317.7M $441.3M $332.7M
YoY Change -4.51% 13.56% -35.28%
INVESTING ACTIVITIES
Capital Expenditures -$536.7M -$419.0M -$478.0M
YoY Change 12.28% 44.68% 156.71%
Acquisitions
YoY Change
Other Investing Activities -$178.6M -$214.7M -$73.20M
YoY Change 143.99% 937.2% -155.16%
Cash From Investing Activities -$715.3M -$633.7M -$551.2M
YoY Change 29.77% 104.22% 930.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 241.8M 433.8M 373.1M
YoY Change -35.19% -537.74% -215.33%
NET CHANGE
Cash From Operating Activities 317.7M 441.3M 332.7M
Cash From Investing Activities -715.3M -633.7M -551.2M
Cash From Financing Activities 241.8M 433.8M 373.1M
Net Change In Cash -155.8M 241.4M 154.6M
YoY Change -200.78% -1260.58% 12.76%
FREE CASH FLOW
Cash From Operating Activities $317.7M $441.3M $332.7M
Capital Expenditures -$536.7M -$419.0M -$478.0M
Free Cash Flow $854.4M $860.3M $810.7M
YoY Change 5.39% 26.85% 15.76%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2012Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
353505180 shares
CY2011Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
1000000
CY2011Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1872600000
CY2011Q2 pcar Available For Sale Securities Debt Securities Continuous Unrealized Loss Twelve Months Or Longer
AvailableForSaleSecuritiesDebtSecuritiesContinuousUnrealizedLossTwelveMonthsOrLonger
10000
CY2011Q2 pcar Warranty And Repair Maintenance Reserves
WarrantyAndRepairMaintenanceReserves
428000000
CY2012Q2 us-gaap Other Foreclosed Assets
OtherForeclosedAssets
10700000
CY2012Q2 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
CY2012Q2 us-gaap Stockholders Equity
StockholdersEquity
5712100000
CY2012Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
247200000
CY2012Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1200000000 shares
CY2012Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
3600000 shares
CY2012Q2 us-gaap Notional Amount Of Interest Rate Derivatives
NotionalAmountOfInterestRateDerivatives
3725400000
CY2012Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2012Q2 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
465100000
CY2012Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
5663500000
CY2012Q2 us-gaap Assets
Assets
18244800000
CY2012Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
18244800000
CY2012Q2 us-gaap Treasury Stock Value
TreasuryStockValue
139500000
CY2012Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
2500000
CY2012Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1719900000
CY2012Q2 us-gaap Notional Amount Of Foreign Currency Derivatives
NotionalAmountOfForeignCurrencyDerivatives
220400000
CY2012Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
357100000 shares
CY2012Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-235900000
CY2012Q2 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
8500000
CY2012Q2 us-gaap Common Stock Value
CommonStockValue
357100000
CY2012Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1
CY2012Q2 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-26500000
CY2012Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2012Q2 us-gaap Preferred Stock Value
PreferredStockValue
CY2012Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
66900000
CY2012Q2 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.46 pure
CY2012Q2 pcar Notional Amount Of Interest Rate Derivatives Maturing In Year Five
NotionalAmountOfInterestRateDerivativesMaturingInYearFive
38900000
CY2012Q2 pcar Notional Amount Of Interest Rate Derivatives Maturing In Year Three
NotionalAmountOfInterestRateDerivativesMaturingInYearThree
1376800000
CY2012Q2 pcar Notional Amount Of Interest Rate Derivatives Maturing In Year Four
NotionalAmountOfInterestRateDerivativesMaturingInYearFour
905000000
CY2012Q2 pcar Notional Amount Of Interest Rate Derivatives Maturing In Year One
NotionalAmountOfInterestRateDerivativesMaturingInYearOne
348900000
CY2012Q2 pcar Notional Amount Of Interest Rate Derivatives Maturing In Year Two
NotionalAmountOfInterestRateDerivativesMaturingInYearTwo
710400000
CY2012Q2 pcar Available For Sale Securities Debt Securities Continuous Unrealized Loss Twelve Months Or Longer
AvailableForSaleSecuritiesDebtSecuritiesContinuousUnrealizedLossTwelveMonthsOrLonger
100000
CY2012Q2 pcar Notional Amount Of Derivatives Maturing After Five Years
NotionalAmountOfDerivativesMaturingAfterFiveYears
345400000
CY2012Q2 pcar Warranty And Repair Maintenance Reserves
WarrantyAndRepairMaintenanceReserves
507400000
CY2010Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2040800000
CY2010Q4 pcar Warranty And Repair Maintenance Reserves
WarrantyAndRepairMaintenanceReserves
372200000
CY2011Q4 us-gaap Other Foreclosed Assets
OtherForeclosedAssets
16000000
CY2011Q4 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
5364400000
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
274500000
CY2011Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1200000000 shares
CY2011Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
shares
CY2011Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
478100000
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
5174500000
CY2011Q4 us-gaap Assets
Assets
17172700000
CY2011Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
17172700000
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2106700000
CY2011Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
356800000 shares
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-219000000
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
6600000
CY2011Q4 us-gaap Common Stock Value
CommonStockValue
356800000
CY2011Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-22000000
CY2011Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2011Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2011Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
52100000
CY2011Q4 pcar Warranty And Repair Maintenance Reserves
WarrantyAndRepairMaintenanceReserves
448700000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
228000000
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
24800000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
58400000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1044100000
us-gaap Payments To Acquire Finance Receivables
PaymentsToAcquireFinanceReceivables
1175700000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
631100000
us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
GainLossOnCashFlowHedgeIneffectivenessNet
800000
us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
400000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.18
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
555000000
us-gaap Investment Income Net
InvestmentIncomeNet
17900000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1339000 shares
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
52600000
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.24
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
8400000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
331400000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.321 pure
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4400000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
792000000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1401900000
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-13200000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
117500000
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
1007700000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-168200000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
482400000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-3300000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
367200000 shares
us-gaap Sales Revenue Net
SalesRevenueNet
7244300000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
639500000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
198100000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.18
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
184700000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
362700000
us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
47200000
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
40800000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
365800000 shares
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
177400000
us-gaap Proceeds From Sale Of Other Productive Assets
ProceedsFromSaleOfOtherProductiveAssets
175000000
us-gaap Depreciation
Depreciation
97200000
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
1202300000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
18100000
us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
700000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8500000
us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
600000
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
22700000
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
343700000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
769000 shares
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
636400000
us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
718000000
us-gaap Net Income Loss
NetIncomeLoss
433000000
us-gaap Proceeds From Sale And Collection Of Finance Receivables
ProceedsFromSaleAndCollectionOfFinanceReceivables
1018300000
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
700000
us-gaap Pension Contributions
PensionContributions
6800000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
206500000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
79000000
us-gaap Payments Of Dividends
PaymentsOfDividends
87700000
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
1700000
pcar Increase Decrease In Wholesale Receivables
IncreaseDecreaseInWholesaleReceivables
210300000
pcar Increase Decrease In Sales Type Finance Lease And Dealer Direct Loan Receivables
IncreaseDecreaseInSalesTypeFinanceLeaseAndDealerDirectLoanReceivables
-19700000
pcar Warranty And Repair Maintenance Reserves Increase
WarrantyAndRepairMaintenanceReservesIncrease
137500000
pcar Warranty And Repair Maintenance Reserves Decrease
WarrantyAndRepairMaintenanceReservesDecrease
101300000
pcar Warranty And Repair Maintenance Reserves Currency Translation Increase Decrease
WarrantyAndRepairMaintenanceReservesCurrencyTranslationIncreaseDecrease
19600000
pcar Effective Income Tax Rate Reconciliation Domestic Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationDomesticIncomeTaxRateDifferential
0.323 pure
dei Trading Symbol
TradingSymbol
PCAR
dei Entity Registrant Name
EntityRegistrantName
PACCAR INC
dei Amendment Flag
AmendmentFlag
false
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2012-06-30
dei Entity Central Index Key
EntityCentralIndexKey
0000075362
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
20300000
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
39900000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-11300000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
282600000
us-gaap Payments To Acquire Finance Receivables
PaymentsToAcquireFinanceReceivables
1530700000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
607600000
us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
GainLossOnCashFlowHedgeIneffectivenessNet
200000
us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
100000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.75
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
155200000
us-gaap Investment Income Net
InvestmentIncomeNet
17100000
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.38
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-4500000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
139500000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
346200000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.334 pure
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
5700000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
444000000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1080400000
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-21600000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
208700000
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-508200000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-386800000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1574500000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-13000000
us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
42400000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
357300000 shares
us-gaap Sales Revenue Net
SalesRevenueNet
9233300000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
177000000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
925300000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-16900000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.75
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-27300000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
318316 shares
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
264200000
us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
29600000
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
40700000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
356500000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
774000 shares
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
55200000
us-gaap Proceeds From Sale Of Other Productive Assets
ProceedsFromSaleOfOtherProductiveAssets
175400000
us-gaap Depreciation
Depreciation
97800000
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
328400000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
7300000
us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
800000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8400000
us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
1500000
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
32000000
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
140300000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2558000 shares
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
297500000
us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
628000000
us-gaap Net Income Loss
NetIncomeLoss
624500000
us-gaap Proceeds From Sale And Collection Of Finance Receivables
ProceedsFromSaleAndCollectionOfFinanceReceivables
1149800000
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
800000
us-gaap Pension Contributions
PensionContributions
85400000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
300800000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-14600000
us-gaap Payments Of Dividends
PaymentsOfDividends
385700000
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
1900000
pcar Increase Decrease In Wholesale Receivables
IncreaseDecreaseInWholesaleReceivables
257600000
pcar Increase Decrease In Sales Type Finance Lease And Dealer Direct Loan Receivables
IncreaseDecreaseInSalesTypeFinanceLeaseAndDealerDirectLoanReceivables
65700000
pcar Warranty And Repair Maintenance Reserves Increase
WarrantyAndRepairMaintenanceReservesIncrease
177900000
pcar Warranty And Repair Maintenance Reserves Decrease
WarrantyAndRepairMaintenanceReservesDecrease
114600000
pcar Warranty And Repair Maintenance Reserves Currency Translation Increase Decrease
WarrantyAndRepairMaintenanceReservesCurrencyTranslationIncreaseDecrease
-4600000
pcar Effective Income Tax Rate Reconciliation Domestic Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationDomesticIncomeTaxRateDifferential
0.325 pure
CY2012Q1 us-gaap Maximum Length Of Time Hedged In Cash Flow Hedge1
MaximumLengthOfTimeHedgedInCashFlowHedge1
P5Y10M24D
CY2011Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
13200000
CY2011Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
305600000
CY2011Q2 us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
GainLossOnCashFlowHedgeIneffectivenessNet
400000
CY2011Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.65
CY2011Q2 us-gaap Investment Income Net
InvestmentIncomeNet
9900000
CY2011Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.12
CY2011Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-4700000
CY2011Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
169000000
CY2011Q2 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-6800000
CY2011Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-4200000
CY2011Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
367200000 shares
CY2011Q2 us-gaap Sales Revenue Net
SalesRevenueNet
3960700000
CY2011Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
353200000
CY2011Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
65900000
CY2011Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.66
CY2011Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
63200000
CY2011Q2 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
20900000
CY2011Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
365900000 shares
CY2011Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1314000 shares
CY2011Q2 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
26400000
CY2011Q2 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
300000
CY2011Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1500000
CY2011Q2 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
11600000
CY2011Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
671000 shares
CY2011Q2 us-gaap Net Income Loss
NetIncomeLoss
239700000
CY2011Q2 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
300000
CY2011Q2 us-gaap Pension Contributions
PensionContributions
2700000
CY2011Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
113500000
CY2011Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
3200000
CY2012Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
19200000
CY2012Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
185200000
CY2012Q2 us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
GainLossOnCashFlowHedgeIneffectivenessNet
CY2012Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.83
CY2012Q2 us-gaap Investment Income Net
InvestmentIncomeNet
8200000
CY2012Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.20
CY2012Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-3500000
CY2012Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
176600000
CY2012Q2 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-11000000
CY2012Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-8500000
CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
356800000 shares
CY2012Q2 us-gaap Sales Revenue Net
SalesRevenueNet
4457200000
CY2012Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
446300000
CY2012Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-112000000
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.83
CY2012Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-118600000
CY2012Q2 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
20700000
CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
356000000 shares
CY2012Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
713000 shares
CY2012Q2 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
27800000
CY2012Q2 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
400000
CY2012Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2500000
CY2012Q2 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
14900000
CY2012Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2538000 shares
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
297200000
CY2012Q2 us-gaap Pension Contributions
PensionContributions
2700000
CY2012Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
149100000
CY2012Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
1600000

Files In Submission

Name View Source Status
0001193125-12-344247-index-headers.html Edgar Link pending
0001193125-12-344247-index.html Edgar Link pending
0001193125-12-344247.txt Edgar Link pending
0001193125-12-344247-xbrl.zip Edgar Link pending
d362696d10q.htm Edgar Link pending
d362696dex12a.htm Edgar Link pending
d362696dex31a.htm Edgar Link pending
d362696dex31b.htm Edgar Link pending
d362696dex32a.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
pcar-20120630.xml Edgar Link completed
pcar-20120630.xsd Edgar Link pending
pcar-20120630_cal.xml Edgar Link unprocessable
pcar-20120630_def.xml Edgar Link unprocessable
pcar-20120630_lab.xml Edgar Link unprocessable
pcar-20120630_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending