10-Q Filing

PACCAR INC CIK: 75362 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001564590-21-053170`
Period End Date	20210930
Filing Date	20211101
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	pcar-10q_20210930_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`	$28.26B	USD	Point-in-time
Total Assets	`Assets`	$27.91B	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`	$131.80M	USD	Point-in-time
Treasury stock, at cost - .02 million and nil shares	`TreasuryStockValue`	$1.50M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$11.01B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$12.00B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.05B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.15B	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$10.39B	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$11.33B	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$10.18B	USD	Point-in-time
Liabilities and Equity, Total	`LiabilitiesAndStockholdersEquity`	$28.26B	USD	Point-in-time
Liabilities and Equity, Total	`LiabilitiesAndStockholdersEquity`	$27.91B	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$4.94B	USD	1 Quarter
Revenues	`Revenues`	$5.15B	USD	1 Quarter
Revenues	`Revenues`	$13.16B	USD	3 Qtrs
Revenues	`Revenues`	$16.84B	USD	3 Qtrs
Provision for losses on receivables	`ProvisionForLoanLeaseAndOtherLosses`	$3.20M	USD	3 Qtrs
Provision for losses on receivables	`ProvisionForLoanLeaseAndOtherLosses`	$27.60M	USD	3 Qtrs
Investment income	`InvestmentIncomeNet`	$11.50M	USD	3 Qtrs
Investment income	`InvestmentIncomeNet`	$1.60M	USD	1 Quarter
Investment income	`InvestmentIncomeNet`	$6.40M	USD	1 Quarter
Investment income	`InvestmentIncomeNet`	$30.20M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.73B	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$489.90M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.14B	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$483.30M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$243.50M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$104.40M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$386.90M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$105.60M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$1.34B	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$377.70M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$385.50M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$892.60M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$1.09	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$3.86	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$2.57	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$1.11	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$2.57	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$3.85	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.11	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.08	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	347.70M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	347.80M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	346.80M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	346.70M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	348.40M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	347.30M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	348.30M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	347.60M	shares	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$803.70M	USD	3 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$486.40M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$1.25B	USD	3 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$262.10M	USD	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net Income	`ProfitLoss`	$892.60M	USD	3 Qtrs
Net Income	`ProfitLoss`	$1.34B	USD	3 Qtrs
Depreciation and amortization, Property, plant and equipment	`DepreciationDepletionAndAmortization`	$186.00M	USD	3 Qtrs
Depreciation and amortization, Property, plant and equipment	`DepreciationDepletionAndAmortization`	$197.50M	USD	3 Qtrs
Depreciation and amortization, Equipment on operating leases and other	`DepreciationAndAmortizationEquipmentOnOperatingLeasesAndOther`	$494.80M	USD	3 Qtrs
Depreciation and amortization, Equipment on operating leases and other	`DepreciationAndAmortizationEquipmentOnOperatingLeasesAndOther`	$593.50M	USD	3 Qtrs
Provision for losses on financial services receivables	`ProvisionForLoanLeaseAndOtherLosses`	$3.20M	USD	3 Qtrs
Provision for losses on financial services receivables	`ProvisionForLoanLeaseAndOtherLosses`	$27.60M	USD	3 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-34.70M	USD	3 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$239.90M	USD	3 Qtrs
Pension contributions	`PensionAndOtherPostretirementBenefitContributions`	$126.60M	USD	3 Qtrs
Pension contributions	`PensionAndOtherPostretirementBenefitContributions`	$19.20M	USD	3 Qtrs
Trade and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$67.20M	USD	3 Qtrs
Trade and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$309.00M	USD	3 Qtrs
Wholesale receivables on new trucks	`IncreaseDecreaseInWholesaleReceivables`	$-587.70M	USD	3 Qtrs
Wholesale receivables on new trucks	`IncreaseDecreaseInWholesaleReceivables`	$-785.70M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$1.34B	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-11.90M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$506.80M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$143.00M	USD	3 Qtrs
Income taxes, warranty and other	`IncreaseDecreaseInOtherOperatingLiabilities`	$-288.70M	USD	3 Qtrs
Income taxes, warranty and other	`IncreaseDecreaseInOtherOperatingLiabilities`	$-71.40M	USD	3 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$2.19B	USD	3 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$1.15B	USD	3 Qtrs
Originations of retail loans and finance leases	`PaymentsToAcquireFinanceReceivables`	$2.61B	USD	3 Qtrs
Originations of retail loans and finance leases	`PaymentsToAcquireFinanceReceivables`	$3.38B	USD	3 Qtrs
Collections on retail loans and finance leases	`ProceedsFromSaleAndCollectionOfFinanceReceivables`	$2.99B	USD	3 Qtrs
Collections on retail loans and finance leases	`ProceedsFromSaleAndCollectionOfFinanceReceivables`	$2.28B	USD	3 Qtrs
Net decrease in wholesale receivables on used equipment	`IncreaseDecreaseInWholesaleReceivablesOnUsedEquipment`	$-22.40M	USD	3 Qtrs
Net decrease in wholesale receivables on used equipment	`IncreaseDecreaseInWholesaleReceivablesOnUsedEquipment`	$-12.50M	USD	3 Qtrs
Purchases of marketable debt securities	`PaymentsToAcquireMarketableSecurities`	$693.80M	USD	3 Qtrs
Purchases of marketable debt securities	`PaymentsToAcquireMarketableSecurities`	$499.60M	USD	3 Qtrs
Proceeds from sales and maturities of marketable debt securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$474.10M	USD	3 Qtrs
Proceeds from sales and maturities of marketable debt securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$542.70M	USD	3 Qtrs
Payments for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$426.20M	USD	3 Qtrs
Payments for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$381.30M	USD	3 Qtrs
Acquisitions of equipment for operating leases	`PaymentsToAcquireEquipmentOnLease`	$790.50M	USD	3 Qtrs
Acquisitions of equipment for operating leases	`PaymentsToAcquireEquipmentOnLease`	$706.70M	USD	3 Qtrs
Proceeds from asset disposals	`ProceedsFromSaleOfProductiveAssets`	$686.10M	USD	3 Qtrs
Proceeds from asset disposals	`ProceedsFromSaleOfProductiveAssets`	$419.30M	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-17.30M	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$12.80M	USD	3 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.03B	USD	3 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.03B	USD	3 Qtrs
Payments of cash dividends	`PaymentsOfDividends`	$1.13B	USD	3 Qtrs
Payments of cash dividends	`PaymentsOfDividends`	$589.90M	USD	3 Qtrs
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$1.50M	USD	3 Qtrs
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$41.60M	USD	3 Qtrs
Proceeds from stock compensation transactions	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$30.10M	USD	3 Qtrs
Proceeds from stock compensation transactions	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$41.30M	USD	3 Qtrs
Net decrease in commercial paper, short-term bank loans and other	`ProceedsFromRepaymentsOfShortTermDebt`	$-1.47B	USD	3 Qtrs
Net decrease in commercial paper, short-term bank loans and other	`ProceedsFromRepaymentsOfShortTermDebt`	$-303.50M	USD	3 Qtrs
Proceeds from term debt	`ProceedsFromIssuanceOfLongTermDebt`	$1.80B	USD	3 Qtrs
Proceeds from term debt	`ProceedsFromIssuanceOfLongTermDebt`	$2.03B	USD	3 Qtrs
Payments on term debt	`RepaymentsOfLongTermDebt`	$2.33B	USD	3 Qtrs
Payments on term debt	`RepaymentsOfLongTermDebt`	$1.42B	USD	3 Qtrs
Net Cash Used in Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.99B	USD	3 Qtrs
Net Cash Used in Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.39B	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-46.70M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-1.00M	USD	3 Qtrs
Net Decrease in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.31B	USD	3 Qtrs
Net Decrease in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-830.80M	USD	3 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`	$3.54B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.34B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.23B	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`	$3.54B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.34B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.23B	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$10.39B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$11.33B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$10.18B	USD	Point-in-time
Net income	`NetIncomeLoss`	$1.34B	USD	3 Qtrs
Net income	`NetIncomeLoss`	$377.70M	USD	1 Quarter
Net income	`NetIncomeLoss`	$385.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$892.60M	USD	3 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-115.60M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-88.90M	USD	3 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-94.90M	USD	3 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$100.90M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$10.39B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$11.33B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$10.18B	USD	Point-in-time

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