Caterpillar (CAT) Tops Q4 EPS by 5c
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Cat Financial Announces 2015 Year-End Results
January 28, 2016 7:32 AM ESTNASHVILLE, Tenn., Jan. 28, 2016 /PRNewswire/ -- Cat Financial reported revenues of $2.67 billion for 2015, a decrease of $212 million, or 7 percent, compared with 2014. Profit after tax was $460 million, a $75 million, or 14 percent, decrease from 2014.
The decrease in revenues was primarily due to a $117 million unfavorable impact from lower average earning assets and an $80 million unfavorable impact from lower average financing rates.
Profit before income taxes was $619 million for 2015, compared with $753 million for 2014. The decrease was primarily due to a $68 million decrease in net yield on average earning assets reflecting geographic mix changes and currency impacts and a $55... More
