Caterpillar
manufacturing ubsidiariesCaterpillar's global dealer network provides a key competitive edge allowing customers to deal with people they know and trust. Almost all dealerships are independent and locally owned. Many have relationships with their customers that span at least two generations. Cat dealers serve equipment, service and financing needs for customers in more than 200 countries. Rental services are offered through more than 1,200 outlets worldwide.
In the first half of 2002, Caterpillar posted sales and revenues of $9.70 billion and profit of $280 million or 81 cents per share. More than half of all sales were to customers outside of the United States, maintaining Caterpillar's position as a global supplier and leading U.S. exporter.
Financial Analysis
Caterpillar is financially strong and able to fund product programs for future customer needs, provide financing for dealers and customers, and reward its shareholders. They continue to generate significant net free cash flow enabling investments in strategic growth opportunities.
Since 1993, Caterpillar has increased cash dividends nine times, boosting the quarterly dividend to $.35 per share. Since June 1995, they have repurchased approximately 63 million shares, or about 15 percent of their outstanding shares.
Financial Data 2001 2000
Sales and Revenues $20,450 $20,175
Profit $805 $1,053
Profit Per Share (diluted) $2.32 $3.02
Employment 72,004 68,440
(Dollars in millions except per share data)