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CATERPILLAR INC Annual Report (Amendment), Year Ended Dec 31, 2001

Filing Date
Filed January 21, 2003
Period End
December 31, 2001
Security
CAT
In the record · 2016–202610-K1110-Q328-K184

CAT filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 184 current reports (8-K) between 2016 and 2026.

  1. FY2016 annual report10-K · Feb ’17Feb ’17
  2. Material agreement8-K · Sep ’19Sep ’19
  3. Leadership change8-K · Feb ’22Feb ’22
  4. Leadership change8-K · Jan ’26Jan ’26

01—Abstract

Summary

Summary of the 10-K/A filed January 21, 2003. Cited figures are marked; the original filing is the authoritative source.

This filing is not a full annual report.

It is Amendment No. 1 to Caterpillar Inc.'s Form 10-K for fiscal year 2001, submitted January 21, 2003. Its stated purpose is to add signature pages to a previously filed 10-K/A and to add signature pages to the Form 11-K filings for four employee benefit plans. It contains no operating results, segment data, balance sheet, income statement, or management discussion for Caterpillar itself, so it offers little for assessing the company's financial performance or outlook.

The filing also includes a Section 302 Sarbanes-Oxley certification. The substantive content is the exhibits, which are financial statements of Caterpillar's employee savings and investment plans for fiscal 2001. These show that the Employees' Investment Plan held about $2.33 billiona in net assets at November 30, 2001, up from $2.15 billion a year earlier.

About $910 millionb of that was invested in Caterpillar common stock (roughly 19.2 million shares). The Solar Turbines plan (about $32.8 million) and the Tax Deferred Savings Plan (about $267.7 million) are much smaller. The plans' 2001 investment results were mixed: Caterpillar stock appreciated, while registered investment companies (mutual funds) declined.

For investors, the practical takeaways are limited. The cover page reports 343,376,444 common shares outstanding and a non-affiliate market value of about $17.67 billionc as of December 31, 2001. Investors seeking Caterpillar's 2001 revenue, earnings, debt, or segment performance should consult the original Form 10-K for fiscal 2001 rather than this amendment.

02—Key points

Key Highlights

  1. Filing type: Amendment (10-K/A) for fiscal year ended December 31, 2001, filed January 21, 2003; it adds signature pages and 11-K exhibits and does not contain Caterpillar's full financial statements.
  2. Shares outstanding: 343,376,444 common shares as of December 31, 2001, with non-affiliate market value of approximately $17.67 billion.
  3. Employees' Investment Plan net assets: $2,326.5 million at November 30, 2001, up from $2,149.0 million in 2000 (about 8% growth).
  4. Caterpillar common stock held in the Employees' Investment Plan: $910.4 million (19,199,115 shares), up from $728.1 million a year earlier.
  5. Plan investment performance: net investment income of $177.8 million in fiscal 2001 versus a $140.3 million loss in 2000, driven largely by a $149.2 million appreciation in Caterpillar stock.
  6. Smaller plans: Solar Turbines Savings and Investment Plan at $32.8 million and Tax Deferred Savings Plan at $267.7 million (December 31, 2001).
  7. Auditor: PricewaterhouseCoopers LLP (Peoria, Illinois), with plan audit reports dated May 21, 2002, and consents dated May 24, 2002.

03—Questions

Frequently Asked Questions

  1. Does this filing show Caterpillar's 2001 revenue, profit, or financial position?

    No. This 10-K/A only adds signature pages and 11-K exhibits for employee benefit plans. It does not include Caterpillar's consolidated income statement, balance sheet, cash flows, or management's discussion. Those are in the original Form 10-K for fiscal 2001.

  2. Why was this amendment filed more than a year after the fiscal year ended?

    The filing states its purpose: to include signature pages for a previously filed 10-K/A and for previously filed 11-K exhibits, and to provide the Section 302 Sarbanes-Oxley certification. The filing does not explain the timing, so the reason for the delay is not stated in the document.

  3. How much of the Employees' Investment Plan is invested in Caterpillar stock?

    Caterpillar common stock totaled $910.4 million of the plan's $2,326.5 million in net assets at November 30, 2001, or roughly 39%. The company's stock is the single largest holding, which concentrates employee retirement savings in the employer's shares.

  4. What were the main drivers of the plans' 2001 investment results?

    Net appreciation in Caterpillar common stock of about $149.2 million was the main positive contributor in the Employees' Investment Plan. Registered investment companies lost about $10.4 million in the plan, and the Master Trust they draw from showed a larger net appreciation loss of $95.8 million on those funds.

  5. What securities does Caterpillar have registered on U.S. exchanges?

    The cover page lists common stock ($1.00 par value), preferred stock purchase rights, and several debenture issues with maturities from 2006 to 2023, all listed on the New York Stock Exchange. Common stock and purchase rights are also listed on the Chicago and Pacific exchanges.

04—Continue

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