1. Private Fleet Cost Analysis

Dec 31, 2018Dec 31, 2017Dec 31, 2016Dec 31, 2015Dec 31, 2014As ReportedSelected Financial Data ( US$ in millions)Current assets38,1,8,867Current liabilities28,6,7,877RatioCurrent ratio 11.371.351.221.311.39Adjusted: from LIFO to FIFOSelected Financial Data ( US$ in millions)Adjusted current assets40,4,1,297Current liabilities28,6,7,877RatioAdjusted current ratio 21.441.421.311.401.48Based on:,.2018 Calculations. Dec 31, 2018Dec 31, 2017Dec 31, 2016Dec 31, 2015Dec 31, 2014As ReportedSelected Financial Data ( US$ in millions)Profit (loss) attributable to common stockholders6,147754(67)2,1023,695Sales of Machinery, Energy & Transportation51,5,2,142RatioNet profit margin 111.86%1.77%-0.19%4.76%7.09%Adjusted: from LIFO to FIFOSelected Financial Data ( US$ in millions)Adjusted profit (loss) attributable to common stockholders6,222549(426)2,1703,621Sales of Machinery, Energy & Transportation51,5,2,142RatioAdjusted net profit margin 212.01%1.29%-1.19%4.92%6.94%Based on:,.2018 Calculations. Dec 31, 2018Dec 31, 2017Dec 31, 2016Dec 31, 2015Dec 31, 2014As ReportedSelected Financial Data ( US$ in millions)Sales of Machinery, Energy & Transportation51,5,2,142Total assets78,4,4,681RatioTotal asset turnover 10.660.550.480.560.62Adjusted: from LIFO to FIFOSelected Financial Data ( US$ in millions)Sales of Machinery, Energy & Transportation51,5,2,142Adjusted total assets80,6,7,111RatioAdjusted total asset turnover 20.640.540.470.550.60Based on:,.2018 Calculations. Dec 31, 2018Dec 31, 2017Dec 31, 2016Dec 31, 2015Dec 31, 2014As ReportedSelected Financial Data ( US$ in millions)Total assets78,4,4,681Equity attributable to common stockholders14,3,6,746RatioFinancial leverage 15.595.625.695.305.06Adjusted: from LIFO to FIFOSelected Financial Data ( US$ in millions)Adjusted total assets80,6,7,111Adjusted equity attributable to common stockholders16,5,9,176RatioAdjusted financial leverage 25.025.055.034.684.54Based on:,.2018 Calculations. RatioDescriptionThe companyAdjusted financial leverageA measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.Caterpillar Inc.’s adjusted financial leverage increased from 2016 to 2017 but then declined significantly from 2017 to 2018.Adjusted Return on Equity (ROE). Dec 31, 2018Dec 31, 2017Dec 31, 2016Dec 31, 2015Dec 31, 2014As ReportedSelected Financial Data ( US$ in millions)Profit (loss) attributable to common stockholders6,147754(67)2,1023,695Equity attributable to common stockholders14,3,6,746RatioROE 143.79%5.50%-0.51%14.19%22.06%Adjusted: from LIFO to FIFOSelected Financial Data ( US$ in millions)Adjusted profit (loss) attributable to common stockholders6,222549(426)2,1703,621Adjusted equity attributable to common stockholders16,5,9,176RatioAdjusted ROE 238.77%3.51%-2.79%12.54%18.88%Based on:,.2018 Calculations.

Private Fleet Cost Analysis

Dec 31, 2018Dec 31, 2017Dec 31, 2016Dec 31, 2015Dec 31, 2014As ReportedSelected Financial Data ( US$ in millions)Profit (loss) attributable to common stockholders6,147754(67)2,1023,695Total assets78,4,4,681RatioROA 17.83%0.98%-0.09%2.68%4.36%Adjusted: from LIFO to FIFOSelected Financial Data ( US$ in millions)Adjusted profit (loss) attributable to common stockholders6,222549(426)2,1703,621Adjusted total assets80,6,7,111RatioAdjusted ROA 27.73%0.70%-0.55%2.68%4.16%Based on:,.2018 Calculations. Pokemon shining opal download gba.