10-Q Filing

PACCAR INC CIK: 75362 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001564590-21-039777`
Period End Date	20210630
Filing Date	20210802
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	pcar-10q_20210630_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`	347.20M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	346.60M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	20,000.00	shares	Point-in-time
Total Assets	`Assets`	$29.01B	USD	Point-in-time
Total Assets	`Assets`	$28.26B	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 347.2 and 346.6 million shares	`CommonStockValue`	$346.60M	USD	Point-in-time
Common stock, $1 par value - authorized 1.2 billion shares, issued 347.2 and 346.6 million shares	`CommonStockValue`	$347.20M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$88.50M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$128.90M	USD	Point-in-time
Treasury stock, at cost - .02 million and nil shares	`TreasuryStockValue`	$1.40M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$11.74B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$11.01B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.05B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.03B	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$11.18B	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$10.39B	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$9.78B	USD	Point-in-time
Liabilities and Equity, Total	`LiabilitiesAndStockholdersEquity`	$28.26B	USD	Point-in-time
Liabilities and Equity, Total	`LiabilitiesAndStockholdersEquity`	$29.01B	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$11.69B	USD	2 Qtrs
Revenues	`Revenues`	$8.22B	USD	2 Qtrs
Revenues	`Revenues`	$3.06B	USD	1 Quarter
Revenues	`Revenues`	$5.84B	USD	1 Quarter
Provision for losses on receivables	`ProvisionForLoanLeaseAndOtherLosses`	$3.20M	USD	2 Qtrs
Provision for losses on receivables	`ProvisionForLoanLeaseAndOtherLosses`	$24.50M	USD	2 Qtrs
Investment income	`InvestmentIncomeNet`	$23.80M	USD	2 Qtrs
Investment income	`InvestmentIncomeNet`	$9.00M	USD	1 Quarter
Investment income	`InvestmentIncomeNet`	$9.90M	USD	2 Qtrs
Investment income	`InvestmentIncomeNet`	$5.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$637.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.24B	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$646.20M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$184.00M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$144.10M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$281.30M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$139.10M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$36.30M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$507.10M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$492.90M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$963.00M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$147.70M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.46	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$1.42	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.43	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.77	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$2.76	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.43	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.46	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.41	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	346.40M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	347.80M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	346.70M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	347.70M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	348.50M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	347.10M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	348.50M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	346.80M	shares	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$579.70M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$241.70M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$983.70M	USD	2 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$317.30M	USD	2 Qtrs

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net Income	`ProfitLoss`	$963.00M	USD	2 Qtrs
Net Income	`ProfitLoss`	$507.10M	USD	2 Qtrs
Depreciation and amortization, Property, plant and equipment	`DepreciationDepletionAndAmortization`	$133.80M	USD	2 Qtrs
Depreciation and amortization, Property, plant and equipment	`DepreciationDepletionAndAmortization`	$122.40M	USD	2 Qtrs
Depreciation and amortization, Equipment on operating leases and other	`DepreciationAndAmortizationEquipmentOnOperatingLeasesAndOther`	$390.90M	USD	2 Qtrs
Depreciation and amortization, Equipment on operating leases and other	`DepreciationAndAmortizationEquipmentOnOperatingLeasesAndOther`	$348.60M	USD	2 Qtrs
Provision for losses on financial services receivables	`ProvisionForLoanLeaseAndOtherLosses`	$3.20M	USD	2 Qtrs
Provision for losses on financial services receivables	`ProvisionForLoanLeaseAndOtherLosses`	$24.50M	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$50.70M	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-6.10M	USD	2 Qtrs
Pension contributions	`PensionAndOtherPostretirementBenefitContributions`	$12.90M	USD	2 Qtrs
Pension contributions	`PensionAndOtherPostretirementBenefitContributions`	$28.50M	USD	2 Qtrs
Trade and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$334.80M	USD	2 Qtrs
Trade and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-30.40M	USD	2 Qtrs
Wholesale receivables on new trucks	`IncreaseDecreaseInWholesaleReceivables`	$-163.40M	USD	2 Qtrs
Wholesale receivables on new trucks	`IncreaseDecreaseInWholesaleReceivables`	$-694.70M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$15.50M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$839.00M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-233.20M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$731.00M	USD	2 Qtrs
Income taxes, warranty and other	`IncreaseDecreaseInOtherOperatingLiabilities`	$-237.90M	USD	2 Qtrs
Income taxes, warranty and other	`IncreaseDecreaseInOtherOperatingLiabilities`	$-138.10M	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$867.70M	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$1.36B	USD	2 Qtrs
Originations of retail loans and finance leases	`PaymentsToAcquireFinanceReceivables`	$2.29B	USD	2 Qtrs
Originations of retail loans and finance leases	`PaymentsToAcquireFinanceReceivables`	$1.57B	USD	2 Qtrs
Collections on retail loans and finance leases	`ProceedsFromSaleAndCollectionOfFinanceReceivables`	$1.47B	USD	2 Qtrs
Collections on retail loans and finance leases	`ProceedsFromSaleAndCollectionOfFinanceReceivables`	$1.95B	USD	2 Qtrs
Net decrease (increase) in wholesale receivables on used equipment	`IncreaseDecreaseInWholesaleReceivablesOnUsedEquipment`	$-19.10M	USD	2 Qtrs
Net decrease (increase) in wholesale receivables on used equipment	`IncreaseDecreaseInWholesaleReceivablesOnUsedEquipment`	$8.10M	USD	2 Qtrs
Purchases of marketable debt securities	`PaymentsToAcquireMarketableSecurities`	$401.80M	USD	2 Qtrs
Purchases of marketable debt securities	`PaymentsToAcquireMarketableSecurities`	$327.70M	USD	2 Qtrs
Proceeds from sales and maturities of marketable debt securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$339.40M	USD	2 Qtrs
Proceeds from sales and maturities of marketable debt securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$385.80M	USD	2 Qtrs
Payments for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$242.40M	USD	2 Qtrs
Payments for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$312.20M	USD	2 Qtrs
Acquisitions of equipment for operating leases	`PaymentsToAcquireEquipmentOnLease`	$439.60M	USD	2 Qtrs
Acquisitions of equipment for operating leases	`PaymentsToAcquireEquipmentOnLease`	$550.90M	USD	2 Qtrs
Proceeds from asset disposals	`ProceedsFromSaleOfProductiveAssets`	$242.60M	USD	2 Qtrs
Proceeds from asset disposals	`ProceedsFromSaleOfProductiveAssets`	$473.40M	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$12.80M	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-17.30M	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-594.10M	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-666.70M	USD	2 Qtrs
Payments of cash dividends	`PaymentsOfDividends`	$1.02B	USD	2 Qtrs
Payments of cash dividends	`PaymentsOfDividends`	$471.80M	USD	2 Qtrs
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$1.40M	USD	2 Qtrs
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$41.60M	USD	2 Qtrs
Proceeds from stock compensation transactions	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$30.10M	USD	2 Qtrs
Proceeds from stock compensation transactions	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$11.30M	USD	2 Qtrs
Net increase (decrease) in commercial paper, short-term bank loans and other	`ProceedsFromRepaymentsOfShortTermDebt`	$27.40M	USD	2 Qtrs
Net increase (decrease) in commercial paper, short-term bank loans and other	`ProceedsFromRepaymentsOfShortTermDebt`	$-1.19B	USD	2 Qtrs
Proceeds from term debt	`ProceedsFromIssuanceOfLongTermDebt`	$1.43B	USD	2 Qtrs
Proceeds from term debt	`ProceedsFromIssuanceOfLongTermDebt`	$1.47B	USD	2 Qtrs
Payments on term debt	`RepaymentsOfLongTermDebt`	$1.67B	USD	2 Qtrs
Payments on term debt	`RepaymentsOfLongTermDebt`	$1.01B	USD	2 Qtrs
Net Cash Used in Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-651.50M	USD	2 Qtrs
Net Cash Used in Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.78B	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-35.40M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-19.30M	USD	2 Qtrs
Net Decrease in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-469.80M	USD	2 Qtrs
Net Decrease in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.05B	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.18B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.07B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.54B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.13B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.18B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.07B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.54B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.13B	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$11.18B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$10.39B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$9.78B	USD	Point-in-time
Net income	`NetIncomeLoss`	$507.10M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$492.90M	USD	1 Quarter
Net income	`NetIncomeLoss`	$963.00M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$147.70M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$20.70M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-189.80M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$94.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$86.80M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$11.18B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$10.39B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$9.78B	USD	Point-in-time

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