CAT · 10-Q · 2026Q3 · Full report
Liquidity and Cash Position
CATERPILLAR INC · 2026-11-04 · Importance 58 · Surprise 56 · From source text
Caterpillar ended the third quarter of 2026 with $7.929 billion of cash, down $2.051 billion from year-end 2025; MP&E also held $1.572 billion in highly liquid available-for-sale debt securities and bank time deposits. Consolidated operating cash flow for the first nine months of 2026 was $10.593 billion, up $2.445 billion year over year, primarily because of higher profit before taxes adjusted for non-cash items and favorable changes in customer advances, accounts payable, accrued wages and accrued expenses. Total credit facilities were $11.500 billion, with $10.197 billion of available credit after commercial paper and utilized credit; there were no borrowings under the facilities at September 30, 2026.
Key facts
- MP&E net cash used for financing activities was $10.171 billion in the first nine months of 2026, compared with $5.128 billion in the same period of 2025. source
- In August 2026, Caterpillar entered a $3.500 billion 364-day credit facility, of which $875 million is available to MP&E; it expires in August 2027. source
- In August 2026, Caterpillar amended and extended its $3.000 billion three-year credit facility, of which $750 million is available to MP&E; it expires in August 2029. source
- In August 2026, Caterpillar amended and extended its $5.000 billion five-year credit facility, of which $1.250 billion is available to MP&E; it expires in August 2031. source
- Caterpillar's consolidated net worth was $21.551 billion at September 30, 2026, above the $9.000 billion Credit Facility covenant requirement. source
- Caterpillar ended the third quarter of 2026 with $7.9 billion of enterprise cash. source
- As of September 30, 2026, Caterpillar had $10.197 billion of available credit, including $3.776 billion for MP&E and $6.421 billion for Financial Products. source
- MP&E net cash used for investing activities was $3.522 billion in the first nine months of 2026, compared with $2.112 billion in the same period of 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -4.7% | MP&E net cash used for financing activities was $10.171 billion in the first nine months of 2026, compared with $5.128 billion in the same… |