Caterpillar 2015 Annual Report Download - page 72

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72
2015 YEAR IN REVIEW
BUSINESS REVIEW
FORWARD-LOOKING STATEMENTS
Certain statements in this 2015 Year in Review relate to future events and expectations and are forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “believe,”
“estimate,” “will be,” “will,” “would,” “expect,” “anticipate,” “plan,” “project,” “intend,” “could,” “should” or other
similar words or expressions often identify forward-looking statements. All statements other than statements of
historical fact are forward-looking statements, including, without limitation, statements regarding our outlook,
projections, forecasts or trend descriptions. These statements do not guarantee future performance, and we do
not undertake to update our forward-looking statements. .
Caterpillar’s actual results may differ materially from those described or implied in our forward-looking statements
based on a number of factors, including, but not limited to: (i) global and regional economic conditions and economic
conditions in the industries we serve; (ii) government monetary or fiscal policies and infrastructure spending;
(iii) commodity price changes, component price increases, fluctuations in demand for our products or significant
shortages of component products; (iv) disruptions or volatility in global financial markets limiting our sources of
liquidity or the liquidity of our customers, dealers and suppliers; (v) political and economic risks, commercial
instability and events beyond our control in the countries in which we operate; (vi) failure to maintain our credit
ratings and potential resulting increases to our cost of borrowing and adverse effects on our cost of funds, liquidity,
competitive position and access to capital markets; (vii) our Financial Products segment’s risks associated
with the financial services industry; (viii) changes in interest rates or market liquidity conditions; (ix) an increase in
delinquencies, repossessions or net losses of Cat Financial’s customers; (x) new regulations or changes in financial
services regulations; (xi) a failure to realize, or a delay in realizing, all of the anticipated benefits of our acquisitions,
joint ventures or divestitures; (xii) international trade policies and their impact on demand for our products and our
competitive position; (xiii) our ability to develop, produce and market quality products that meet our customers’ needs;
(xiv) the impact of the highly competitive environment in which we operate on our sales and pricing; (xv) failure to
realize all of the anticipated benefits from initiatives to increase our productivity, efficiency and cash flow and to reduce
costs; (xvi) additional restructuring costs or a failure to realize anticipated savings or benefits from past or future
cost reduction actions; (xvii) inventory management decisions and sourcing practices of our dealers and our OEM
customers; (xviii) compliance with environmental laws and regulations; (xix) alleged or actual violations of trade or
anti-corruption laws and regulations; (xx) additional tax expense or exposure; (xxi) currency fluctuations; (xxii) our or
Cat Financial’s compliance with financial covenants; (xxiii) increased pension plan funding obligations; (xxiv) union
disputes or other employee relations issues; (xxv) significant legal proceedings, claims, lawsuits or government
investigations; (xxvi) changes in accounting standards; (xxvii) failure or breach of IT security; (xxviii) adverse effects
of unexpected events including natural disasters; and (xxix) other factors described in more detail under “Item 1A.
Risk Factors” in our Form 10-K filed with the SEC on February 16, 2016, for the year ended December 31, 2015.
TRADEMARK INFORMATION
© CAT, CATERPILLAR, their respective logs, ACERT, BUILT FOR IT, Minestar, Product Link, Solar, Progress Rail,
“Caterpillar Yellow”, the “Power Edge” trade dress, as well as any corporate and product identity used herein, are
trademarks of Caterpillar and/or its subsidaries and
may not be used without permission.
© 2016 CATERPILLAR PUBLIC RELEASE
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