Caterpillar 2011 Annual Report Download

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2011 YEAR IN REVIEW
What the World Needs
We Provide What Our Customers Need So They Can Provide

Table of contents

  • Page 1
    We Provide What Our Customers Need So They Can Provide What the World Needs 2011 YEAR IN REVIEW

  • Page 2
    WHAT THE WORLD NEEDS | 2011 YEAR IN REVIEW 3 8 CHAIRMAN'S MESSAGE MORE CONSTRUCTION From highways to housing, our customers are helping to build the infrastructure necessary to support the world's growing population. 16 NATURAL RESOURCES We're helping our customers reach and extract minerals and...

  • Page 3
    ... THE WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance "...we know what we need to do. Our strategy is working...

  • Page 4
    ... YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance Message From Our Chairman (continued) When we introduced our 2011-2015 strategy...

  • Page 5
    WHAT THE WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance Message From Our Chairman (continued) When we compare ...

  • Page 6
    ... Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance Message From Our Chairman (continued) 3. More energy. The world population is expanding and so is the middle class...

  • Page 7
    ...tractor capacity expansion Aurora, IL Expansion of mining product manufacturing Oak Creek, WI Acquisition of Bucyrus La Grange, IL Acquisition of Electro-Motive Diesel Tianjin, China New 3500 series engine factory Energy & Power Systems Rapid City, SD New engineering design center Spokane, WA New...

  • Page 8
    ...Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance Construction Industries Our Construction Industries segment is focused on helping our customers build what the world needs - new highways, railroads...

  • Page 9
    ... Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance Paving the Way Caterpillar is scoring big wins in the world's largest cement market. China has a staggering list...

  • Page 10
    ... | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance Big Project, Big Win "Yellow iron" is the only equipment on the job at...

  • Page 11
    ... THE WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance Moving Mountains That's what it takes to build a mission...

  • Page 12
    ... Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance 2011 Highlights Construction Industries Recently Announced Facilities • A new manufacturing facility in North America for small track-type tractors and mini...

  • Page 13
    WHAT THE WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance 2011 Highlights Construction Industries (continued) ...

  • Page 14
    ... YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance 2011 Highlights Construction Industries (continued) Product Model Introductions...

  • Page 15
    WHAT THE WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance Key Metrics Construction Industries SALES (in ...

  • Page 16
    ... design, manufacture and market products from large track-type tractors and large mining trucks, to underground mining loaders, to paving and forestry equipment, to machinery components and electronics and control systems. The acquisition of Bucyrus International, Inc. (Bucyrus), in 2011 expanded...

  • Page 17
    ...WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance From Day One Caterpillar Global Mining unveils broadest product...

  • Page 18
    WHAT THE WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance Mining Product Breadth Caterpillar's next steps in ...

  • Page 19
    ...THE WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance Mining Product Breadth Continued And finally, Caterpillar...

  • Page 20
    ... Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance Virtual Reality, Virtual Iron Advanced technologies are saving time, cutting costs and resulting in better-designed products and facilities. The Caterpillar Technical Center...

  • Page 21
    ... THE WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance Diversified Products Unique, purpose-built products and...

  • Page 22
    ... Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance 2011 Highlights Resource Industries Business Expansion Announcements • The acquisition of Bucyrus International...

  • Page 23
    ... THE WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance 2011 Highlights Continued • The expansion of operations...

  • Page 24
    WHAT THE WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance 2011 Highlights Continued • New AP1055E Asphalt ...

  • Page 25
    WHAT THE WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance Key Metrics Resource Industries SALES (in millions of...

  • Page 26
    WHAT THE WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance Energy & Power Systems The world's energy needs are ...

  • Page 27
    WHAT THE WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance Natural Strength Caterpillar is poised to become a ...

  • Page 28
    WHAT THE WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance Fertile Ground Our engines and generators help to ...

  • Page 29
    ... THE WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance On Track The combination of Caterpillar, Progress Rail and...

  • Page 30
    ... The Caterpillar Foundation Leadership Performance 2011 Highlights Energy & Power Systems Business Expansion Announcements • The acquisition of MWM, which enables Caterpillar to significantly expand customer options for sustainable power generation solutions. • A new Progress Rail locomotive...

  • Page 31
    ... YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance 2011 Highlights Energy & Power Systems (continued) Product Model Introductions...

  • Page 32
    WHAT THE WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance Key Metrics Power Systems SALES (in millions of ...

  • Page 33
    ...THE WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance Customer & Dealer Support When our customers need to build...

  • Page 34
    ...WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance Best Gets Even Better Global expansion is helping Cat Logistics...

  • Page 35
    ...Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance Forward Thinking at Work Cat Reman takes the initiative in helping dealers deal with growing demand for parts and service. Proactive planning on the part of Caterpillar...

  • Page 36
    WHAT THE WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance The Truck That Customers Built The Cat® CT660 ...

  • Page 37
    ... & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance 2011 Highlights Customer & Dealer Support Business Expansion Announcements • Cat Logistics announced construction of a new parts distribution center in California...

  • Page 38
    ...THE WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance Key Metrics Customer & Dealer Support GLOBAL CAT® DEALERS...

  • Page 39
    ... | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance Financial Products & Corporate Services When the world needs Caterpillar...

  • Page 40
    WHAT THE WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance L.E.A.D. Prepares the Next Generation We're more ...

  • Page 41
    WHAT THE WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance Strength Building Strength Financial discipline is not...

  • Page 42
    WHAT THE WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance Financing Progress From humble beginnings, Caterpillar...

  • Page 43
    ... THE WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance 2011 Highlights Financial Products & Corporate Services...

  • Page 44
    WHAT THE WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance Key Metrics Financial Products REVENUES (in millions ...

  • Page 45
    WHAT THE WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance Photo: Paulette Waltz/Room to Read The Caterpillar ...

  • Page 46
    WHAT THE WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance Progress & Sustainability A $3 million grant will ...

  • Page 47
    WHAT THE WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance A Better Bolivia The Caterpillar Foundation's ...

  • Page 48
    WHAT THE WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance Great Rivers, Great Partners An innovative partnership...

  • Page 49
    ...THE WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance Photo: Patrick Fuller/IFRC Photo: CHF International Photo...

  • Page 50
    WHAT THE WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance Key Metrics The Caterpillar Foundation Photo: Ana ...

  • Page 51
    ... Europe/South Americas Operations Division, Global Construction & Infrastructure and country manager strategic responsibility for China, India, ASEAN and Brazil. Stu Levenick is group president of Caterpillar with responsibility for Customer & Dealer Support, which includes Europe-Africa-Middle East...

  • Page 52
    ... THE WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance Executive Officers (Continued) Ed Rapp CFO & Corporate...

  • Page 53
    WHAT THE WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance Officers Chairman and Chief Executive Officer ...

  • Page 54
    WHAT THE WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance (Front row, left to right): David R. Goode, Susan C. ...

  • Page 55
    WHAT THE WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance Board of Directors (Continued) David R. Goode, 71 ...

  • Page 56
    ...WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance Board of Directors (Continued) Edward B. Rust, Jr., 61 Chairman...

  • Page 57
    ... Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance Performance Caterpillar powers world progress. Cat® equipment - more than three million pieces around the world - is at work for our customers on highways, rail lines...

  • Page 58
    ... Engines Forestry Machines Generator Sets Hydraulic Excavators Locomotives Material Handlers Motor Graders Off-Highway Trucks On-Highway Trucks Paving Equipment Pipelayers Scrapers Skid Steer Loaders Surface Mining Track Loaders Track-Type Tractors Turbines Underground Mining Vehicles Wheel Dozers...

  • Page 59
    WHAT THE WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance Performance Metrics Consolidated Sales & Revenues (in ...

  • Page 60
    WHAT THE WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance Performance Metrics (Continued) Capital Expenditures (...

  • Page 61
    WHAT THE WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance Performance Metrics (Continued) 5-Year Total Return ...

  • Page 62
    ...WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance Business Metrics Global Employees Sales & Revenues Per Employee...

  • Page 63
    WHAT THE WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance Business Metrics (Continued) Dealer Net Worth (in ...

  • Page 64
    WHAT THE WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance 2011 Global Snapshot Caterpillar's global reach and ...

  • Page 65
    ... Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance FIVE-YEAR FINANCIAL SUMMARY (dollars in millions except per share data) Years ended December 31, Sales and revenues...

  • Page 66
    ...WORLD NEEDS | 2011 YEAR IN REVIEW Chairman's Message Construction Industries Resource Industries Energy & Power Systems Customer & Dealer Support Financial Products & Corporate Services The Caterpillar Foundation Leadership Performance Forward-Looking Statements Certain statements in this 2011 Year...