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/THIRD AND FINAL ADD -- NY047 -- CATERPILLAR INC./

 /THIRD AND FINAL ADD -- NY047 -- CATERPILLAR INC./
 Labor negotiations remain uncertain. While the UAW strike ended in


mid-April, a new contract has not been signed.
 The company expects that fourth-quarter results, excluding the gain on the sale of assets to the lift truck joint venture and the impact of the adoption of SFAS 106 and SFAS 109, will be marginally profitable. The profit outlook for 1993 is principally dependent on the strength of the recovery in North America and on the timing of recovery in Europe.
 CATERPILLAR INC.
 Consolidated Results of Operations
 (Millions of dollars except per share data)
 Periods ended Three months Nine months
 Sept. 30: 1992 1991 1992 1991
 Machinery and Engines:
 Sales $ 2,586 $ 2,273 $ 7,196 $ 7,465
 Operating costs:
 Cost of goods sold 2,119 1,926 6,140 6,374
 Selling, general, and
 administrative
 expenses 286 305 888 882
 Research and development
 expenses 79 67 212 194
 Provision for plant
 closing and consolidation
 costs -- -- -- 21
 Total 2,484 2,298 7,240 7,471
 Operating profit
 (loss) 102 (25) (44) (6)
 Interest expense 76 75 240 220
 Total 26 (100) (284) (226)
 Other income 5 26 40 38
 Profit (loss) before taxes 31 (74) (244) (188)
 Financial Products:
 Revenues 91 85 264 259
 Operating costs:
 Selling, general, and
 administrative expenses 41 32 107 100
 Interest expense 43 47 131 130
 Total 84 79 238 230
 Operating profit 7 6 26 29
 Other income 7 6 17 10
 Profit before taxes 14 12 43 39
 Consolidated profit (loss)
 before taxes 45 (62) (201) (149)
 Provision (credit)
 for income taxes 19 (21) (49) (47)
 Profit (loss) of
 consolidated companies 26 (41) (152) (102)
 Equity in profit (loss)
 of affiliated companies (3) 4 (10) 16
 Profit (loss) $ 23 $ (37) $ (162) $ (86)
 Profit (loss) per share
 of common stock $ 0.23 $ (0.37) $ (1.60) $ (0.85)
 Weighted average number of
 common shares outstanding
 (thousands) 100,946 100,911 100,928 100,909
 CATERPILLAR INC. FINANCIAL POSITION
 (Millions of dollars)
 Consolidated
 (Caterpillar Inc. and subsidiaries)
 Sept. 30, Dec. 31, Sept. 30,
 1992 1991 1991
 ASSETS
 Current assets:
 Cash and short-term
 investments $ 123 $ 104 $ 100
 Receivables - trade and other 2,299 2,009 2,279
 Receivables - finance 712 664 672
 Refundable income taxes 86 154 86
 Deferred income taxes and
 prepaid expenses 774 718 677
 Inventories 1,760 1,921 2,106
 Total current assets 5,754 5,570 5,920
 Land, buildings, machinery,
 and equipment - net 3,917 4,049 3,995
 Long-term receivables - trade
 and other 133 124 123
 Long-term receivables - finance 1,701 1,481 1,408
 Investments in affiliated
 companies 357 346 331
 Intangible assets 116 120 169
 Other assets 337 352 332
 Total Assets $12,315 $12,042 $12,278


LIABILITIES
 Current liabilities:
 Short-term borrowings --
 M&E $ 258 $ 141 $ 266
 -- Financial Products 488 333 622
 Accounts payable and
 accrued expenses 1,852 1,662 1,650
 Accrued wages, salaries,
 and employee benefits 729 718 565
 Dividends payable -- 15 --
 Income taxes 61 109 118
 Long-term debt due within
 one year -- M&E 34 319 310
 -- Financial Products 516 562 519
 Total current liabilities 3,938 3,859 4,050
 Long-term debt due after
 one year -- M&E 2,970 2,676 2,698
 -- Financial Products 1,292 1,216 872
 Deferred income taxes and
 other liabilities 247 247 263
 Total liabilities 8,447 7,998 7,883
 STOCKHOLDERS' EQUITY
 Common stock 799 798 798
 Profit employed in the business 2,946 3,138 3,502
 Foreign currency translation
 adjustment 123 108 95
 Total Stockholders' Equity 3,868 4,044 4,395
 Total Liabilities and
 Stockholders' Equity $12,315 $12,042 $12,278
 -0- 10/22/92
 /END THIRD AND FINAL ADD/
 (CAT) CO: Caterpillar Inc. ST: Illinois IN: MAC SU: ERN


TS -- NY047C -- 3730 10/22/92 14:45 EDT
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Publication:PR Newswire
Date:Oct 22, 1992
Words:636
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