Business Report of Caterpillar Inc.
Data and information relative to Caterpillar, Inc. was collected via the internet. Current information was crucial to keeping the report timely and accurate. The five members assigned to the group wrote one section per person. Research was conducted on a separate basis, and construction of the report was on a group level. Each team member is responsible for their own assigned areas and nothing more.
Financial Analysis
Caterpillar is a publicly traded corporation listed on the New York Stock Exchange. It’s SIC codes indicate their main areas of enterprise are construction machinery, internal combustion engines, and short term business credit and insurance. But this dynamic company has many qualities underneath the surface of its image. These qualities are neither good nor bad. These are Caterpillar’s financial components.
Sales
Caterpillar, Inc. primary income is made from sales of machinery and engines . These sales are made to clients in construction, agriculture, and manufacturing industries. Caterpillar divides their sales based on geographic location where the
For example, third quarter sales were split between North America, EAME (Europe, Africa, and the Middle East), Latin America, and Asia. North America on average takes up 54% of total sales each quarter (see figure 1.)
Total sales revenue for the third quarter 2000 amounted to $4.78 billion, one percent higher than the previous year third quarter. Sales volume increased by 2 percent and financial products increased by 12 percent.
Caterpillar bases their sales upon two different tiers, although they sell a wide range of different products. The first breakdown consists of what they deem as machinery. The second area of sales consists of engines. Operating profit comparisons for the third quarters of 1999 and 2000 can be seen in table 1.
Caterpillar has blamed third quarter deficiencies in revenue on the weak Eurodollar. Since 27 percent of their total sales are made in the European region, their claim may be true. As long as Caterpillar depends on foreign markets for sales, they will face problems with fluctuations in foreign currency.
Receivables
Caterpillar owns and operates a financing corporation to handle its incredibly large receivable account. Receivables make up 30 percent of total assets and short-term receivab...
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...on have major intellectual and financial backing, as well as good reason to come to an agreement. However, the knowledge, skills and commitment needed to survive today in international business must be found on the plant floor as well as in the office. Noting the need for cooperation, the union local president asked “What the hell are they going to do when they get that work force back in there? Who’s going to cooperate”?
That quote is the basis for this weakness of Caterpillar, Inc. What is going to happen at the end of this contract when another one needs to be made? Are the employees of caterpillar still bitter about the strike? Are the supervisors and directors at Caterpillar still bitter? Only time will tell. Fites is no longer the Chairman and CEO of Caterpillar, so some problems with him may be solved. But there is no doubt that some bitterness is still present in both the floor and the towers of Caterpillar, Inc.
For these reasons, Caterpillar may not be a good purchase of stock. They may be doing quite well now, but what if you invest money in them, only to see your money possibly be dwindled away by another bitter strike, or individual sales were contrived.
The current Caterpillar Inc. has four divisions in the company. They have Resource Industries, Power systems, Construction Industries, and a Finance Products Department. Among the different departments, Caterpillar controls many brands that include but are not limited to: Turner Powertrain Systems, Progress Rail Services, and FG Wilson. According to the 2013 4th quarter fact sheet, the most sales and revenue was made through the Power systems Department totaling $20,155,000. The Construction Department came in second at a total of $18,445,000. These numbers are derived from total region operations including North America, Latin America, Asia/Pacific, and EAME.
This strike was a battle over several issues. One factor that escalated the strike intensity was the pensions battle. Billons of dollars in pensions were on the line. The Teamste...
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"Of Mice and Men" is a play written by John Steinbeck that focuses on life during the mid 1930's. This play has many recurring themes, and one of these themes is that of loneliness. This loneliness is because of the intolerance of society on those who are different. The underlying, yet stunningly obvious, theme of loneliness can be found in many characters with many examples. This loneliness due to isolation and intolerance is found in the characters of Candy, because he is old and useless; Crooks, because he is black and crippled; and Curley's wife, because she is a beautiful woman and the only girl on and all guy ranch.
Of Mice and Men by John Steinbeck is a tragedy, based during the 1930s, in Western United States of America. The novel revolves around two ranchmen, George and his “opposite” (Steinbeck, 1937, p.1), Lennie who travel to the “south of Soledad” (Steinbeck, 1937, p.1) to find work, in the midst of the Great Depression. Their efforts to earn enough money and “live off the fatta the lan’” (Steinbeck, 1937, p.15) are greatly ruined due to the repercussions of Lennie’s intellectual disability. The highlights of this novel were undeniably the ingeniously established themes embedded in the novel.
The unnamed narrator states that he is not expecting anyone to believe the extraordinarily strange story that he is about to recount; however, he proceeds to lay out the events as he saw them. Further into the story the reader finds out exactly why the narrator is not to be trusted – he is an alcoholic. The narrator begins fighting his inner demons a...
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