$PCAR
PACCAR INC

2017 Q3 Form 10-Q Financial Statement

#000119312517248773 Filed on August 04, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2017 Q2 2016 Q2
Revenue $5.060B $4.704B $4.413B
YoY Change 19.07% 6.59% -13.12%
Cost Of Revenue $4.046B $3.755B $3.489B
YoY Change 20.02% 7.62% -14.09%
Gross Profit $1.014B $949.1M $923.9M
YoY Change 15.46% 2.73% -9.28%
Gross Profit Margin 20.03% 20.18% 20.93%
Selling, General & Admin $145.4M $143.2M $140.8M
YoY Change 6.29% 1.7% 3.45%
% of Gross Profit 14.35% 15.09% 15.24%
Research & Development $67.00M $66.10M $60.80M
YoY Change 13.18% 8.72% 2.53%
% of Gross Profit 6.61% 6.96% 6.58%
Depreciation & Amortization $286.1M $269.0M $252.9M
YoY Change 14.35% 6.37% 11.26%
% of Gross Profit 28.23% 28.34% 27.37%
Operating Expenses $398.6M $382.1M $358.0M
YoY Change 11.15% 6.73% 4.89%
Operating Profit $614.9M $567.0M $565.9M
YoY Change 18.43% 0.19% -16.42%
Interest Expense -$33.10M -$28.00M -$29.30M
YoY Change 36.21% -4.44% 17.67%
% of Operating Profit -5.38% -4.94% -5.18%
Other Income/Expense, Net
YoY Change
Pretax Income $581.8M $539.0M $646.2M
YoY Change 17.56% -16.59% -0.92%
Income Tax $179.1M $166.0M $164.9M
% Of Pretax Income 30.78% 30.8% 25.52%
Net Earnings $402.7M $373.0M $481.3M
YoY Change 16.32% -22.5% 7.63%
Net Earnings / Revenue 7.96% 7.93% 10.91%
Basic Earnings Per Share $1.14 $1.06 $1.37
Diluted Earnings Per Share $1.14 $1.06 $1.37
COMMON SHARES
Basic Shares Outstanding 351.4M shares 351.8M shares 350.9M shares
Diluted Shares Outstanding 352.7M shares 351.6M shares

Balance Sheet

Concept 2017 Q3 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.529B $3.124B $3.491B
YoY Change 23.09% -10.51% 3.9%
Cash & Equivalents $2.313B $1.880B $2.065B
Short-Term Investments $1.216B $1.245B $1.426B
Other Short-Term Assets $252.0M $270.0M $246.0M
YoY Change 15.6% 9.76% -32.23%
Inventory $983.0M $885.0M $825.0M
Prepaid Expenses
Receivables $1.324B $1.281B $1.070B
Other Receivables $9.549B $9.229B $9.055B
Total Short-Term Assets $15.64B $14.79B $14.69B
YoY Change 11.59% 0.7% -3.08%
LONG-TERM ASSETS
Property, Plant & Equipment $6.474B $6.316B $5.753B
YoY Change 9.36% 9.79% 5.44%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.216B $1.245B $1.426B
YoY Change 12.7% -12.69% 2.08%
Other Assets $993.0M $948.0M $988.0M
YoY Change -4.15% -4.05% 22.58%
Total Long-Term Assets $7.467B $7.263B $6.740B
YoY Change 7.35% 7.76% 7.63%
TOTAL ASSETS
Total Short-Term Assets $15.64B $14.79B $14.69B
Total Long-Term Assets $7.467B $7.263B $6.740B
Total Assets $23.10B $22.05B $21.43B
YoY Change 10.18% 2.92% 0.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.229B $3.010B $2.713B
YoY Change 20.94% 10.95% -10.73%
Accrued Expenses
YoY Change
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 $3.234B $3.016B $3.550B
YoY Change 21.08% -15.04% 16.66%
LONG-TERM LIABILITIES
Long-Term Debt $8.832B $8.544B $8.444B
YoY Change 3.54% 1.18% -1.48%
Other Long-Term Liabilities $2.217B $2.119B $1.870B
YoY Change 15.29% 13.32% 7.29%
Total Long-Term Liabilities $11.05B $10.66B $10.31B
YoY Change 5.7% 3.38% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.234B $3.016B $3.550B
Total Long-Term Liabilities $11.05B $10.66B $10.31B
Total Liabilities $15.17B $14.55B $14.72B
YoY Change 8.41% -1.12% 3.67%
SHAREHOLDERS EQUITY
Retained Earnings $7.976B $7.255B
YoY Change 9.94% -3.69%
Common Stock $351.5M $351.3M $351.6M
YoY Change -0.06% -0.09% -0.93%
Preferred Stock
YoY Change
Treasury Stock (at cost) $56.30M
YoY Change
Treasury Stock Shares 1.100M shares
Shareholders Equity $7.936B $7.501B $6.710B
YoY Change
Total Liabilities & Shareholders Equity $23.10B $22.05B $21.43B
YoY Change 10.18% 2.92% 0.06%

Cashflow Statement

Concept 2017 Q3 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $402.7M $373.0M $481.3M
YoY Change 16.32% -22.5% 7.63%
Depreciation, Depletion And Amortization $286.1M $269.0M $252.9M
YoY Change 14.35% 6.37% 11.26%
Cash From Operating Activities $637.3M $574.7M $853.6M
YoY Change -501.07% -32.67% 20.07%
INVESTING ACTIVITIES
Capital Expenditures -$427.4M -$487.0M -$501.8M
YoY Change -18.61% -2.95% 14.83%
Acquisitions
YoY Change
Other Investing Activities $58.20M $53.70M $7.900M
YoY Change -85.07% 579.75% -105.43%
Cash From Investing Activities -$369.2M -$433.3M -$493.9M
YoY Change 172.88% -12.27% -15.21%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 138.5M -62.10M -118.9M
YoY Change 1313.27% -47.77% -148.49%
NET CHANGE
Cash From Operating Activities 637.3M 574.7M 853.6M
Cash From Investing Activities -369.2M -433.3M -493.9M
Cash From Financing Activities 138.5M -62.10M -118.9M
Net Change In Cash 406.6M 79.30M 240.8M
YoY Change -242.97% -67.07% -35.55%
FREE CASH FLOW
Cash From Operating Activities $637.3M $574.7M $853.6M
Capital Expenditures -$427.4M -$487.0M -$501.8M
Free Cash Flow $1.065B $1.062B $1.355B
YoY Change 190.74% -21.67% 18.08%

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