filings.toolsItem 6. Selected Financial Data.
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Item 6. Selected Financial Data.
| Five-year Financial Summary | |||||||||||||||||||||||||||||||||||
| (Dollars in millions except per share data) | |||||||||||||||||||||||||||||||||||
| 2020 | 2019 | 2018 | 2017 | 2016 | |||||||||||||||||||||||||||||||
| Years ended December 31, | |||||||||||||||||||||||||||||||||||
| Sales and revenues | $ | 41,748 | $ | 53,800 | $ | 54,722 | $ | 45,462 | $ | 38,537 | |||||||||||||||||||||||||
| Percent inside the United States | 39 | % | 42 | % | 41 | % | 41 | % | 41 | % | |||||||||||||||||||||||||
| Percent outside the United States | 61 | % | 58 | % | 59 | % | 59 | % | 59 | % | |||||||||||||||||||||||||
| Sales | $ | 39,022 | $ | 50,755 | $ | 51,822 | $ | 42,676 | $ | 35,773 | |||||||||||||||||||||||||
| Revenues | $ | 2,726 | $ | 3,045 | $ | 2,900 | $ | 2,786 | $ | 2,764 | |||||||||||||||||||||||||
| Profit (loss) 1 | $ | 2,998 | $ | 6,093 | $ | 6,147 | $ | 754 | $ | (67) | |||||||||||||||||||||||||
| Profit (loss) per common share 2 | $ | 5.51 | $ | 10.85 | $ | 10.39 | $ | 1.27 | $ | (0.11) | |||||||||||||||||||||||||
| Profit (loss) per common share–diluted 3 | $ | 5.46 | $ | 10.74 | $ | 10.26 | $ | 1.26 | $ | (0.11) | |||||||||||||||||||||||||
| Dividends declared per share of common stock | $ | 4.12 | $ | 3.95 | $ | 3.36 | $ | 3.11 | $ | 3.08 | |||||||||||||||||||||||||
| Return on average common shareholders’ equity 4 | 20.0 | % | 42.4 | % | 44.1 | % | 5.6 | % | (0.5) | % | |||||||||||||||||||||||||
| Capital expenditures: | |||||||||||||||||||||||||||||||||||
| Property, plant and equipment | $ | 978 | $ | 1,056 | $ | 1,276 | $ | 898 | $ | 1,109 | |||||||||||||||||||||||||
| Equipment leased to others | $ | 1,137 | $ | 1,613 | $ | 1,640 | $ | 1,438 | $ | 1,819 | |||||||||||||||||||||||||
| Depreciation and amortization | $ | 2,432 | $ | 2,577 | $ | 2,766 | $ | 2,877 | $ | 3,034 | |||||||||||||||||||||||||
| Research and development expenses | $ | 1,415 | $ | 1,693 | $ | 1,850 | $ | 1,842 | $ | 1,853 | |||||||||||||||||||||||||
| As a percent of sales and revenues | 3.4 | % | 3.1 | % | 3.4 | % | 4.1 | % | 4.8 | % | |||||||||||||||||||||||||
| Average number of employees | 99,100 | 103,400 | 101,500 | 96,000 | 99,500 | ||||||||||||||||||||||||||||||
| December 31, | |||||||||||||||||||||||||||||||||||
| Total assets | $ | 78,324 | $ | 78,453 | $ | 78,509 | $ | 76,962 | $ | 74,704 | |||||||||||||||||||||||||
| Long-term debt due after one year: | |||||||||||||||||||||||||||||||||||
| Consolidated | $ | 25,999 | $ | 26,281 | $ | 25,000 | $ | 23,847 | $ | 22,818 | |||||||||||||||||||||||||
| Machinery, Energy & Transportation | $ | 9,749 | $ | 9,141 | $ | 8,005 | $ | 7,929 | $ | 8,436 | |||||||||||||||||||||||||
| Financial Products | $ | 16,250 | $ | 17,140 | $ | 16,995 | $ | 15,918 | $ | 14,382 | |||||||||||||||||||||||||
| Total debt: | |||||||||||||||||||||||||||||||||||
| Consolidated | $ | 37,163 | $ | 37,657 | $ | 36,553 | $ | 34,878 | $ | 36,783 | |||||||||||||||||||||||||
| Machinery, Energy & Transportation | $ | 11,179 | $ | 9,162 | $ | 8,015 | $ | 7,936 | $ | 9,152 | |||||||||||||||||||||||||
| Financial Products | $ | 25,984 | $ | 28,495 | $ | 28,538 | $ | 26,942 | $ | 27,631 |
1Profit (loss) attributable to common shareholders.
2Computed on weighted-average number of shares outstanding.
3Computed on weighted-average number of shares outstanding diluted by assumed exercise of stock-based compensation awards, using the treasury stock method. In 2016, the assumed exercise of stock-based compensation awards was not considered because the impact would be antidilutive.
4Represents profit (loss) divided by average shareholders' equity (beginning of year shareholders' equity plus end of year shareholders' equity divided by two).
Additional information required by Item 6 is included in Part II, Item 7 “Management’s Discussion and Analysis of Financial Condition and Results of Operations.”
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