10-Q Filing

PACCAR INC CIK: 75362 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0000950170-23-037133`
Period End Date	20230630
Filing Date	20230802
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	pcar-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 31 Income Statement 42 Cash Flow Statement 70 Stockholders Equity 14

Balance Sheet 31 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, no par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Preferred stock, no par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	1.20B	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	1.20B	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	522.00M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	522.80M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockCommonShares`	40,000.00	shares	Point-in-time
Total Assets	`Assets`	$33.28B	USD	Point-in-time
Total Assets	`Assets`	$36.87B	USD	Point-in-time
Preferred stock, no par value - authorized 1.0 million shares, none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, no par value - authorized 1.0 million shares, none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $1 par value - authorized 1.2 billion shares, issued 522.8 and 522.0 million shares	`CommonStockValue`	$522.00M	USD	Point-in-time
Common stock, $1 par value - authorized 1.2 billion shares, issued 522.8 and 522.0 million shares	`CommonStockValue`	$522.80M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$241.80M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$196.10M	USD	Point-in-time
Treasury stock, at cost - .04 million and nil shares	`TreasuryStockValue`	$3.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$15.10B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$13.40B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-777.80M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-953.40M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$15.08B	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$12.52B	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$13.17B	USD	Point-in-time
Liabilities and Equity, Total	`LiabilitiesAndStockholdersEquity`	$36.87B	USD	Point-in-time
Liabilities and Equity, Total	`LiabilitiesAndStockholdersEquity`	$33.28B	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$13.63B	USD	2 Qtrs
Revenues	`Revenues`	$17.35B	USD	2 Qtrs
Revenues	`Revenues`	$7.16B	USD	1 Quarter
Revenues	`Revenues`	$8.88B	USD	1 Quarter
Provision for losses on receivables	`ProvisionForLoanLeaseAndOtherLosses`	$7.90M	USD	2 Qtrs
Provision for losses on receivables	`ProvisionForLoanLeaseAndOtherLosses`	$4.60M	USD	2 Qtrs
Investment income	`InvestmentIncomeNet`	$62.70M	USD	1 Quarter
Investment income	`InvestmentIncomeNet`	$5.40M	USD	1 Quarter
Investment income	`InvestmentIncomeNet`	$111.70M	USD	2 Qtrs
Investment income	`InvestmentIncomeNet`	$2.90M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.69B	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$922.10M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.57B	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.49B	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$201.70M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$347.40M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$532.50M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$372.60M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$1.96B	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$720.40M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$1.22B	USD	1 Quarter
Net Income	`NetIncomeLoss`	$1.32B	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$3.73	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$1.38	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.53	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$2.33	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$3.73	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$2.52	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.37	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$2.33	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	522.60M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	523.80M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	522.50M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	523.60M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	523.20M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	524.80M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	524.60M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	523.20M	shares	2 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$1.13B	USD	2 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$2.13B	USD	2 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$486.40M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$1.32B	USD	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net Income	`ProfitLoss`	$1.96B	USD	2 Qtrs
Net Income	`ProfitLoss`	$1.32B	USD	2 Qtrs
Depreciation and amortization, Property, plant and equipment	`DepreciationDepletionAndAmortization`	$155.30M	USD	2 Qtrs
Depreciation and amortization, Property, plant and equipment	`DepreciationDepletionAndAmortization`	$205.20M	USD	2 Qtrs
Depreciation and amortization, Equipment on operating leases and other	`DepreciationAndAmortizationEquipmentOnOperatingLeasesAndOther`	$239.30M	USD	2 Qtrs
Depreciation and amortization, Equipment on operating leases and other	`DepreciationAndAmortizationEquipmentOnOperatingLeasesAndOther`	$227.30M	USD	2 Qtrs
Provision for losses on financial services receivables	`ProvisionForLoanLeaseAndOtherLosses`	$7.90M	USD	2 Qtrs
Provision for losses on financial services receivables	`ProvisionForLoanLeaseAndOtherLosses`	$4.60M	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$158.00M	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$110.20M	USD	2 Qtrs
Pension contributions	`PensionAndOtherPostretirementBenefitContributions`	$13.20M	USD	2 Qtrs
Pension contributions	`PensionAndOtherPostretirementBenefitContributions`	$11.50M	USD	2 Qtrs
Trade and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$479.90M	USD	2 Qtrs
Trade and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$440.10M	USD	2 Qtrs
Wholesale receivables on new trucks	`IncreaseDecreaseInWholesaleReceivables`	$815.10M	USD	2 Qtrs
Wholesale receivables on new trucks	`IncreaseDecreaseInWholesaleReceivables`	$570.40M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$494.30M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$307.90M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$779.50M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$810.30M	USD	2 Qtrs
Income taxes, warranty and other	`IncreaseDecreaseInOtherOperatingLiabilities`	$384.40M	USD	2 Qtrs
Income taxes, warranty and other	`IncreaseDecreaseInOtherOperatingLiabilities`	$68.70M	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$1.10B	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$1.66B	USD	2 Qtrs
Originations of retail loans and finance leases	`PaymentsToAcquireFinanceReceivables`	$2.91B	USD	2 Qtrs
Originations of retail loans and finance leases	`PaymentsToAcquireFinanceReceivables`	$2.41B	USD	2 Qtrs
Collections on retail loans and finance leases	`ProceedsFromSaleAndCollectionOfFinanceReceivables`	$2.18B	USD	2 Qtrs
Collections on retail loans and finance leases	`ProceedsFromSaleAndCollectionOfFinanceReceivables`	$2.00B	USD	2 Qtrs
Net increase in wholesale receivables on used equipment	`IncreaseDecreaseInWholesaleReceivablesOnUsedEquipment`	$18.70M	USD	2 Qtrs
Net increase in wholesale receivables on used equipment	`IncreaseDecreaseInWholesaleReceivablesOnUsedEquipment`	$16.50M	USD	2 Qtrs
Purchases of marketable debt securities	`PaymentsToAcquireMarketableSecurities`	$560.20M	USD	2 Qtrs
Purchases of marketable debt securities	`PaymentsToAcquireMarketableSecurities`	$515.90M	USD	2 Qtrs
Proceeds from sales and maturities of marketable debt securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$491.10M	USD	2 Qtrs
Proceeds from sales and maturities of marketable debt securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$426.30M	USD	2 Qtrs
Payments for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$266.90M	USD	2 Qtrs
Payments for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$307.10M	USD	2 Qtrs
Acquisitions of equipment for operating leases	`PaymentsToAcquireEquipmentOnLease`	$472.40M	USD	2 Qtrs
Acquisitions of equipment for operating leases	`PaymentsToAcquireEquipmentOnLease`	$256.30M	USD	2 Qtrs
Proceeds from asset disposals	`ProceedsFromSaleOfProductiveAssets`	$348.30M	USD	2 Qtrs
Proceeds from asset disposals	`ProceedsFromSaleOfProductiveAssets`	$316.90M	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-17.50M	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-26.70M	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.04B	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-879.00M	USD	2 Qtrs
Payments of cash dividends	`PaymentsOfDividends`	$757.60M	USD	2 Qtrs
Payments of cash dividends	`PaymentsOfDividends`	$1.24B	USD	2 Qtrs
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$1.90M	USD	2 Qtrs
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$3.00M	USD	2 Qtrs
Proceeds from stock compensation transactions	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$28.80M	USD	2 Qtrs
Proceeds from stock compensation transactions	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$18.40M	USD	2 Qtrs
Net increase in commercial paper, short-term bank loans and other	`ProceedsFromRepaymentsOfShortTermDebt`	$116.50M	USD	2 Qtrs
Net increase in commercial paper, short-term bank loans and other	`ProceedsFromRepaymentsOfShortTermDebt`	$890.60M	USD	2 Qtrs
Proceeds from term debt	`ProceedsFromIssuanceOfLongTermDebt`	$1.58B	USD	2 Qtrs
Proceeds from term debt	`ProceedsFromIssuanceOfLongTermDebt`	$1.65B	USD	2 Qtrs
Payments on term debt	`RepaymentsOfLongTermDebt`	$1.46B	USD	2 Qtrs
Payments on term debt	`RepaymentsOfLongTermDebt`	$1.37B	USD	2 Qtrs
Net Cash Used in Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-346.00M	USD	2 Qtrs
Net Cash Used in Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-198.60M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$38.00M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-69.50M	USD	2 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$455.00M	USD	2 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-197.00M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.69B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.43B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.23B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.15B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.69B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.43B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.23B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.15B	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$15.08B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$12.52B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$13.17B	USD	Point-in-time
Net income	`NetIncomeLoss`	$1.96B	USD	2 Qtrs
Net income	`NetIncomeLoss`	$720.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.22B	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.32B	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-234.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-190.60M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$175.60M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$95.40M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$15.08B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$12.52B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$13.17B	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.