$PCAR
PACCAR INC

2016 Q4 Form 10-Q Financial Statement

#000119312516760179 Filed on November 04, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q4
Revenue $4.071B $4.249B $4.355B
YoY Change -6.53% -12.33% -14.92%
Cost Of Revenue $3.244B $3.371B $3.473B
YoY Change -6.59% -12.48% -16.55%
Gross Profit $826.5M $877.8M $882.4M
YoY Change -6.33% -11.81% -7.83%
Gross Profit Margin 20.3% 20.66% 20.26%
Selling, General & Admin $138.9M $136.8M $149.1M
YoY Change -6.84% 2.55% 4.27%
% of Gross Profit 16.81% 15.58% 16.9%
Research & Development $67.60M $59.20M $66.70M
YoY Change 1.35% 2.78% 6.72%
% of Gross Profit 8.18% 6.74% 7.56%
Depreciation & Amortization $247.5M $250.2M $227.8M
YoY Change 8.65% 8.36% -5.12%
% of Gross Profit 29.95% 28.5% 25.82%
Operating Expenses $371.8M $358.6M $360.7M
YoY Change 3.08% 4.4% 1.89%
Operating Profit $454.7M $519.2M $521.7M
YoY Change -12.84% -20.34% -13.54%
Interest Expense -$35.80M -$24.30M -$23.00M
YoY Change 55.65% -10.99% -10.51%
% of Operating Profit -7.87% -4.68% -4.41%
Other Income/Expense, Net
YoY Change
Pretax Income $418.9M $494.9M $498.7M
YoY Change -16.0% -20.75% -13.67%
Income Tax $130.1M $148.7M $151.5M
% Of Pretax Income 31.06% 30.05% 30.38%
Net Earnings $288.8M $346.2M $347.2M
YoY Change -16.82% -19.71% -11.95%
Net Earnings / Revenue 7.09% 8.15% 7.97%
Basic Earnings Per Share $0.82 $0.99 $0.98
Diluted Earnings Per Share $0.82 $0.98 $0.98
COMMON SHARES
Basic Shares Outstanding 350.5M shares 351.0M shares 353.5M shares
Diluted Shares Outstanding 351.8M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.057B $2.867B $3.465B
YoY Change -11.77% -18.67% 15.12%
Cash & Equivalents $1.916B $1.788B $2.016B
Short-Term Investments $1.141B $1.079B $1.448B
Other Short-Term Assets $226.0M $218.0M $246.0M
YoY Change -8.13% -38.76% -15.46%
Inventory $728.0M $824.0M $797.0M
Prepaid Expenses
Receivables $862.0M $1.026B $879.0M
Other Receivables $8.838B $9.078B $9.304B
Total Short-Term Assets $13.71B $14.01B $14.69B
YoY Change -6.66% -7.8% 2.61%
LONG-TERM ASSETS
Property, Plant & Equipment $2.260B $5.920B $2.176B
YoY Change 3.84% 7.83% -5.92%
Goodwill $103.0M $105.6M
YoY Change -2.46% -17.88%
Intangibles
YoY Change
Long-Term Investments $1.141B $1.079B $1.448B
YoY Change -21.2% -22.87% 13.84%
Other Assets $1.032B $1.036B $871.0M
YoY Change 18.48% 24.82% 16.13%
Total Long-Term Assets $6.929B $6.956B $6.421B
YoY Change 7.91% 10.05% 1.87%
TOTAL ASSETS
Total Short-Term Assets $13.71B $14.01B $14.69B
Total Long-Term Assets $6.929B $6.956B $6.421B
Total Assets $20.64B $20.97B $21.11B
YoY Change -2.23% -2.56% 2.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.427B $2.670B $930.0M
YoY Change 160.97% -6.41% -20.38%
Accrued Expenses $1.142B
YoY Change 1.06%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.640B $2.671B $2.921B
YoY Change -9.62% -6.38% -3.79%
LONG-TERM LIABILITIES
Long-Term Debt $8.475B $8.530B $8.592B
YoY Change -1.36% -1.73% 4.39%
Other Long-Term Liabilities $1.858B $1.923B $1.815B
YoY Change 2.37% 7.31% 4.61%
Total Long-Term Liabilities $10.33B $10.45B $10.41B
YoY Change -0.71% -0.18% 4.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.640B $2.671B $2.921B
Total Long-Term Liabilities $10.33B $10.45B $10.41B
Total Liabilities $13.86B $13.99B $14.17B
YoY Change -2.17% -1.31% 2.19%
SHAREHOLDERS EQUITY
Retained Earnings $7.485B $7.517B $7.537B
YoY Change -0.69% -4.6% 9.81%
Common Stock $350.7M $351.7M $351.3M
YoY Change -0.17% -0.93% -1.1%
Preferred Stock
YoY Change
Treasury Stock (at cost) $56.30M $0.00
YoY Change -28.37% -100.0%
Treasury Stock Shares 1.100M shares 0.000 shares
Shareholders Equity $6.778B $6.978B $6.940B
YoY Change
Total Liabilities & Shareholders Equity $20.64B $20.97B $21.11B
YoY Change -2.23% -2.56% 2.38%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q4
OPERATING ACTIVITIES
Net Income $288.8M $346.2M $347.2M
YoY Change -16.82% -19.71% -11.95%
Depreciation, Depletion And Amortization $247.5M $250.2M $227.8M
YoY Change 8.65% 8.36% -5.12%
Cash From Operating Activities $810.3M -$158.9M $704.8M
YoY Change 14.97% -123.93% 35.02%
INVESTING ACTIVITIES
Capital Expenditures -$520.6M -$525.1M -$444.5M
YoY Change 17.12% 17.21% 3.69%
Acquisitions
YoY Change
Other Investing Activities -$122.3M $389.8M -$128.7M
YoY Change -4.97% -1099.49% 515.79%
Cash From Investing Activities -$642.9M -$135.3M -$573.2M
YoY Change 12.16% -72.22% 27.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 8.500M 9.800M -221.4M
YoY Change -103.84% -50.0% -500.36%
NET CHANGE
Cash From Operating Activities 810.3M -158.9M 704.8M
Cash From Investing Activities -642.9M -135.3M -573.2M
Cash From Financing Activities 8.500M 9.800M -221.4M
Net Change In Cash 175.9M -284.4M -89.80M
YoY Change -295.88% -244.59% -170.32%
FREE CASH FLOW
Cash From Operating Activities $810.3M -$158.9M $704.8M
Capital Expenditures -$520.6M -$525.1M -$444.5M
Free Cash Flow $1.331B $366.2M $1.149B
YoY Change 15.8% -67.07% 20.89%

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