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Tables in the 10-Q of PACCAR INC

72 tables with numbers, filed Aug 2, 2023. Each one downloads as a CSV for Excel or Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed. Open the filing on sec.gov ↗

		Page
PART I.	FINANCIAL INFORMATION:
ITEM 1.	FINANCIAL STATEMENTS:
	Consolidated Statements of Comprehensive Income – Three and Six Months Ended June 30, 2023 and 2022 (Unaudited)	3
	Consolidated Balance Sheets – June 30, 2023 (Unaudited) and December 31, 2022	4
	Condensed Consolidated Statements of Cash Flows – Six Months Ended June 30, 2023 and 2022 (Unaudited)	6
	Consolidated Statements of Stockholders’ Equity – Three and Six Months Ended June 30, 2023 and 2022 (Unaudited)	7
	Notes to Consolidated Financial Statements (Unaudited)	8

	Three Months Ended		Six Months Ended
	June 30		June 30
	2023		2022		2023	2022
TRUCK, PARTS AND OTHER:
Net sales and revenues	$8,441.3		$6,786.2		$16,491.4	$12,892.6
Cost of sales and revenues		6,851.7		5,811.0		13,344.8	11,096.5
Research and development		101.3		80.4		198.5	158.4
Selling, general and administrative		144.9		144.9		304.7	292.9

	June 30		December 31
	2023		2022 *
	(Unaudited)
ASSETS
TRUCK, PARTS AND OTHER:
Current Assets
Cash and cash equivalents	$4,927.9		$4,544.7
Trade and other receivables, net (allowance for losses: 2023 - $.7, 2022 - $.6)		2,350.9		1,919.8

	June 30, 2023		December 31, 2022
	ASSETS		LIABILITIES		ASSETS		LIABILITIES
Trucks
Other current assets	$191.1				$183.0
Accounts payable, accrued expenses and other			$192.3				$185.0
Other noncurrent assets, net		234.7				284.6
Other liabilities				246.7				298.9
	$425.8		$439.0		$467.6		$483.9

			UNREALIZED		UNREALIZED		FAIR
At June 30, 2023	COST		GAINS		LOSSES		VALUE
Marketable debt securities
U.S. tax-exempt securities	$333.2		$.1		$6.2		$327.1
U.S. taxable municipal / non-U.S. provincial bonds		230.2				9.7		220.5
U.S. corporate securities		309.4		.1			10.4		299.1
U.S. government and agency securities		150.6				4.0		146.6
Non-U.S. corporate securities		500.8				16.9		483.9

	June 30, 2023		December 31, 2022
	LESS THAN		TWELVE MONTHS		LESS THAN	TWELVE MONTHS
	TWELVE MONTHS		OR GREATER		TWELVE MONTHS	OR GREATER
Unrealized losses	$14.7		$40.1		$21.5	$37.5
Fair value		772.3		764.9		889.2	608.4

	AMORTIZED		FAIR
	COST		VALUE
Within one year	$440.9		$433.8
One to five years		1,287.4		1,241.6
Six to ten years		1.3		1.3
More than ten years		12.5		10.9
	$1,742.1		$1,687.6

	2023
	DEALER		CUSTOMER
	WHOLESALE		RETAIL		RETAIL			OTHER*		TOTAL
Balance at January 1	$3.4		$2.2		$112.6			$2.9		$121.1
Provision for losses		.3		(.3)				8.4			(.5)				7.9
Charge-offs						(9.4)						(9.4)
Recoveries						3.1			.1				3.2
Currency translation and other		.1					3.0			.3				3.4

	REVOLVING
At June 30, 2023	LOANS		2023	2022	2021	2020	2019	PRIOR	TOTAL
Amortized cost:
Dealer:
Wholesale:
Performing	$3,649.4								$3,649.4
Watch		1.5								1.5
	$3,650.9								$3,650.9

	REVOLVING
At December 31, 2022	LOANS		2022	2021	2020	2019	2018	PRIOR	TOTAL
Amortized cost:
Dealer:
Wholesale:
Performing	$2,766.0								$2,766.0
Watch		6.1								6.1
	$2,772.1								$2,772.1

	Six Months Ended
	June 30
	2023		2022
OPERATING ACTIVITIES:
Net Income	$1,955.0		$1,320.9
Adjustments to reconcile net income to cash provided by operations:
Depreciation and amortization:
Property, plant and equipment		205.2		155.3

	Three Months Ended		Six Months Ended
	June 30		June 30
	2023		2022		2023		2022
COMMON STOCK, $1 PAR VALUE:
Balance at beginning of period	$522.6		$347.7		$522.0		$347.3
Stock compensation		.2				.8		.4
Balance at end of period		522.8		347.7			522.8		347.7
ADDITIONAL PAID-IN CAPITAL:

	Three Months Ended		Six Months Ended
	June 30		June 30
	2023		2022		2023	2022
Additional shares		963,400		633,700		960,600	746,000
Antidilutive options		848,500		1,649,900		911,700	1,650,400

	Three Months Ended		Six Months Ended
	June 30		June 30
	2023		2022		2023	2022
Truck
Truck sales	$6,601.3		$5,130.2		$12,807.3	$9,611.3
Revenues from extended warranties, operating leases and other		226.2		206.2		434.0	422.2
		6,827.5		5,336.4		13,241.3	10,033.5
Parts

	DEALER		CUSTOMER RETAIL
							OWNER/
At June 30, 2023	WHOLESALE		RETAIL	FLEET			OPERATOR		TOTAL
Current and up to 30 days past due	$3,650.0		$1,961.8	$8,724.2			$1,246.5		$15,582.5
31 – 60 days past due		.9				15.6			4.2		20.7
Greater than 60 days past due					42.6			4.0		46.6
	$3,650.9		$1,961.8	$8,782.4			$1,254.7		$15,649.8

	Three Months Ended	Six Months Ended
	June 30, 2022	June 30, 2022
	AMORTIZED COST BASIS	AMORTIZED COST BASIS
	PRE- MODIFICATION	POST- MODIFICATION	PRE- MODIFICATION	POST- MODIFICATION
Fleet	$7.5	$7.5	$8.1	$8.1
	$7.5	$7.5	$8.1	$8.1

WARRANTY RESERVES	2023		2022
Balance at January 1	$437.7		$344.3
Cost accruals		360.7		159.8
Payments		(299.7)		(187.8)
Change in estimates for pre-existing warranties		132.2		49.9
Currency translation and other		7.1		(12.2)
Balance at June 30	$638.0		$354.0

DEFERRED REVENUES ON EXTENDED WARRANTIES AND R&M CONTRACTS		2023		2022
Balance at January 1	$904.9		$775.2
Deferred revenues		416.8		303.6
Revenues recognized		(230.4)		(239.2)
Currency translation		13.2		(31.1)
Balance at June 30	$1,104.5		$808.5

Three Months Ended June 30, 2023	DERIVATIVE CONTRACTS		MARKETABLE DEBT SECURITIES		PENSION PLANS	FOREIGN CURRENCY TRANSLATION	TOTAL
Balance at April 1, 2023	$11.9		$(33.1)		$(110.0)	$(742.0)	$(873.2)
Recorded into AOCI		(66.9)		(6.8)		.4		126.5		53.2
Reclassified out of AOCI		41.5		(.9)		1.6			42.2
Net other comprehensive (loss) income		(25.4)		(7.7)		2.0		126.5		95.4
Balance at June 30, 2023	$(13.5)		$(40.8)		$(108.0)	$(615.5)	$(777.8)

Three Months Ended June 30, 2022	DERIVATIVE CONTRACTS		MARKETABLE DEBT SECURITIES		PENSION PLANS	FOREIGN CURRENCY TRANSLATION	TOTAL
Balance at April 1, 2022	$12.9		$(26.7)		$(261.9)	$(602.0)	$(877.7)
Recorded into AOCI		16.4		(7.6)		7.9		(240.8)		(224.1)
Reclassified out of AOCI		(16.6)		(.2)		6.9			(9.9)
Net other comprehensive (loss) income		(.2)		(7.8)		14.8		(240.8)		(234.0)
Balance at June 30, 2022	$12.7		$(34.5)		$(247.1)	$(842.8)	$(1,111.7)

Six Months Ended June 30, 2023	DERIVATIVE CONTRACTS		MARKETABLE DEBT SECURITIES		PENSION PLANS	FOREIGN CURRENCY TRANSLATION	TOTAL
Balance at January 1, 2023	$35.1		$(43.6)		$(110.9)	$(834.0)	$(953.4)
Recorded into AOCI		(113.3)		4.5		.6		218.5		110.3
Reclassified out of AOCI		64.7		(1.7)		2.3			65.3
Net other comprehensive (loss) income		(48.6)		2.8		2.9		218.5		175.6
Balance at June 30, 2023	$(13.5)		$(40.8)		$(108.0)	$(615.5)	$(777.8)

Six Months Ended June 30, 2022	DERIVATIVE CONTRACTS		MARKETABLE DEBT SECURITIES		PENSION PLANS	FOREIGN CURRENCY TRANSLATION	TOTAL
Balance at January 1, 2022	$(13.5)		$(1.1)		$(269.8)	$(636.7)	$(921.1)
Recorded into AOCI		34.5		(33.1)		11.4		(206.1)		(193.3)
Reclassified out of AOCI		(8.3)		(.3)		11.3			2.7
Net other comprehensive income (loss)		26.2		(33.4)		22.7		(206.1)		(190.6)
Balance at June 30, 2022	$12.7		$(34.5)		$(247.1)	$(842.8)	$(1,111.7)

		Three Months Ended
	LINE ITEM IN THE CONSOLIDATED STATEMENTS OF	June 30
AOCI COMPONENTS	COMPREHENSIVE INCOME		2023		2022
Unrealized losses (gains) on derivative contracts:
Truck, Parts and Other
Foreign-exchange contracts	Net sales and revenues	$11.8		$8.2
	Cost of sales and revenues		11.4		(1.0)
	Interest and other (income) expense, net		.7

At June 30, 2023	LEVEL 1	LEVEL 2		TOTAL
Assets:
Marketable debt securities
U.S. tax-exempt securities		$327.1		$327.1
U.S. taxable municipal / non-U.S. provincial bonds			220.5			220.5
U.S. corporate securities			299.1			299.1
U.S. government and agency securities	$146.6				146.6
Non-U.S. corporate securities			483.9			483.9

Tables in the 10-Q of PACCAR INC

Table 1 after “INDEX”

Table 2 after “(Millions, Except Per Share Amounts)”

Table 3 after “Balance Sheets (Millions)”

Table 4 after “Consolidated Balance Sheets (Millions)”

Table 5 after “(Millions)”

Table 6 after “(Millions, Except Per Share Amounts)”

Table 7 after “The dilutive and antidilutive options are shown separately in the table below.”

Table 8 after “The following table disaggregates Truck, Parts and Other revenues by major sources:”

Table 9 after “The following table presents the balance sheet classification of the estimated value of the returned goods assets and the related return lia”

Table 10 after “The following table summarizes Financial Services lease revenues by lease type:”

Table 11 after “June 30, 2023 and December 31, 2022 consisted of the following:”

Table 12 after “-”

Table 13 after “Marketable debt securities with continuous unrealized losses and their related fair values were as follows:”

Table 14 after “were as follows:”

Table 15 after “Inventories include the following:”

Table 16 after “Finance and other receivables include the following:”

Table 17 after “The allowance for credit losses is summarized as follows:”

Table 18 after “The allowance for credit losses is summarized as follows:”

Table 19 after “The tables below summarize the amortized cost basis of the Company’s finance receivables within each credit quality indicator by year of ori”

Table 20 after “The tables below summarize the amortized cost basis of the Company’s finance receivables within each credit quality indicator by year of ori”

Table 21 after “-”

Table 22 after “The tables below summarize the Company’s finance receivables by aging category. In determining past due status, the Company considers the en”

Table 23 after “The tables below summarize the Company’s finance receivables by aging category. In determining past due status, the Company considers the en”

Table 24 after “The amortized cost basis of finance receivables that are on non-accrual status was as follows:”

Table 25 after “The amortized cost basis of finance receivables that are on non-accrual status was as follows:”

Table 26 after “Interest income recognized on a cash basis for finance receivables that are on non-accrual status was as follows:”

Table 27 after “at December 31, 2022 and June 30, 2022, respectively. At modification date, the pre-modification and post-modification amortized cost basis ”

Table 28 after “Changes in product support liabilities are summarized as follows:”

Table 29 after “Changes in product support liabilities are summarized as follows:”

Table 30 after “The components of comprehensive income are as follow:”

Table 31 after “The components of AOCI and the changes in AOCI, net of tax, included in the Consolidated Balance Sheets and the Consolidated Statements of S”

Table 32 after “The components of AOCI and the changes in AOCI, net of tax, included in the Consolidated Balance Sheets and the Consolidated Statements of S”

Table 33 after “The components of AOCI and the changes in AOCI, net of tax, included in the Consolidated Balance Sheets and the Consolidated Statements of S”

Table 34 after “-”

Table 35 after “Reclassifications out of AOCI were as follows:”

Table 36 after “-”

Table 37 after “Included in Other is the Company’s industrial winch manufacturing business as well as sales, income and expenses not attributable to a repor”

Table 38 after “The following table presents the balance sheet classification, fair value, gross and pro forma net amounts of derivative financial instrumen”

Table 39 after “The following table presents the amount of loss (gain) from derivative financial instruments recorded in the Consolidated Statements of Comp”

Table 40 after “The following table presents the amount of loss (gain) from derivative financial instruments recorded in the Consolidated Statements of Comp”

Table 41 after “The following table presents the amounts recorded on the Consolidated Balance Sheets related to cumulative basis adjustments for fair value ”

Table 42 after “The following tables presents the pre-tax effects of gain (loss) on cash flow hedges recognized in other comprehensive income (loss) (OCI):”

Table 43 after “The Company’s assets and liabilities subject to recurring fair value measurements are either Level 1 or Level 2 as follows:”

Table 44 after “-”

Table 45 after “The Company’s estimate of fair value for fixed rate loans and debt that are not carried at fair value was as follows:”

Table 46 after “The following information details the components of net pension (income) expense for the Company’s defined benefit plans:”

Table 47 after “The Company’s results of operations for the three and six months ended June 30, 2023 and 2022 are presented below.”

Table 48 after “The Company’s new truck deliveries are summarized below:”

Table 49 after “The Company’s worldwide truck net sales and revenues are summarized below:”

Table 50 after “The major factors for the Truck segment changes in net sales and revenues, cost of sales and revenues and gross margin between the three mon”

Table 51 after “The major factors for the Truck segment changes in net sales and revenues, cost of sales and revenues and gross margin between the six month”

Table 52 after “The Company’s Parts segment accounted for 18% and 19% of revenues in the second quarter and first six months of 2023, respectively, compared”

Table 53 after “The major factors for the changes in Parts segment net sales and revenues, cost of sales and revenues and gross margin between the three mon”

Table 54 after “The major factors for the changes in Parts segment net sales and revenues, cost of sales and revenues and gross margin between the six month”

Table 55 after “The Company’s Financial Services segment accounted for 5% of revenues in the second quarter and first six months of 2023, compared to 5% in ”

Table 56 after “The major factors for the changes in interest and fees, interest and other borrowing expenses and finance margin for the three months ended ”

Table 57 after “The major factors for the changes in interest and fees, interest and other borrowing expenses and finance margin for the six months ended Ju”

Table 58 after “The following table summarizes operating lease, rental and other revenues and depreciation and other expenses:”

Table 59 after “The major factors for the changes in operating lease, rental and other revenues, depreciation and other expenses and lease margin between th”

Table 60 after “The major factors for the changes in operating lease, rental and other revenues, depreciation and other expenses and lease margin between th”

Table 61 after “The following table summarizes the provision for losses on receivables and net charge-offs:”

Table 62 after “The following table summarizes the provision for losses on receivables and net charge-offs:”

Table 63 after “The post-modification balances of accounts modified during the six months ended June 30, 2023 and 2022 are summarized below:”

Table 64 after “The following table summarizes the Company’s 30+ days past due accounts:”

Table 65 after “When the Company modifies a 30+ days past due account, the customer is then generally considered current under the revised contractual terms”

Table 66 after “second quarter of 2023 was primarily due to a higher mix of pre-tax income in jurisdictions with higher tax rates. The lower effective tax r”

Table 67 after “LIQUIDITY AND CAPITAL RESOURCES:”

Table 68 after “The change in cash and cash equivalents is summarized below:”

Table 69 after “Reconciliations from the most directly comparable GAAP measures to adjusted net income (non-GAAP) and adjusted net income per diluted shares”

Table 70 after “EXHIBITS”

Table 71 after “-”

Table 72 after “-”

	June 30, 2023		December 31, 2022
	CARRYING		FAIR		CARRYING	FAIR
	AMOUNT		VALUE		AMOUNT	VALUE
Assets:
Financial Services fixed rate loans	$7,451.1		$7,251.6		$6,859.1	$6,582.0
Liabilities:
Financial Services fixed rate debt		8,270.7		7,936.5		8,070.5	7,715.9

	NET		COST OF
	SALES AND		SALES AND			GROSS
($ in millions)	REVENUES		REVENUES			MARGIN
Three Months Ended June 30, 2022	$5,336.4		$4,788.4			$548.0
Increase (decrease)
Truck sales volume		660.2			524.8			135.4
Average truck sales prices		818.2					818.2
Average per truck material, labor and other direct costs				344.3			(344.3)

($ in millions)	INTEREST AND FEES		INTEREST AND OTHER BORROWING EXPENSES			FINANCE MARGIN
Three Months Ended June 30, 2022	$150.9		$46.4			$104.5
Increase (decrease)
Average finance receivables		37.6					37.6
Average debt balances				14.4			(14.4)
Yields		47.9					47.9
Borrowing rates				54.3			(54.3)
Currency translation and other		2.3			.4			1.9

($ in millions)	OPERATING LEASE, RENTAL AND OTHER REVENUES		DEPRECIATION AND OTHER EXPENSES			LEASE MARGIN
Three Months Ended June 30, 2022	$221.6		$145.4			$76.2
(Decrease) increase
Used truck sales		(9.2)			(8.4)			(.8)
Results on returned lease assets				17.9			(17.9)
Average operating lease assets		(30.1)			(24.3)			(5.8)
Revenue and cost per asset		11.0			3.3			7.7
Currency translation and other		7.8			3.9			3.9

	June 30 2023		December 31 2022		June 30 2022
Percentage of retail loan and lease accounts 30+ days past due:
U.S. and Canada		.2%		.1%
Europe		.4%		.2%		.5%
Mexico, Australia, Brasil and other		1.7%		1.6%		1.7%
Worldwide		.6%		.4%		.4%

($ in millions)
Six Months Ended June 30,		2023		2022
Operating activities:
Net income	$1,955.0		$1,320.9
Net income items not affecting cash		342.2			229.2
Changes in operating assets and liabilities, net		(636.9)			(452.6)
Net cash provided by operating activities		1,660.3			1,097.5
Net cash used in investing activities		(1,044.7)			(879.0)

	Six Months Ended
($ in millions, except per share amounts)	June 30, 2023
Net income	$1,955.0
EC-related claims, net of taxes		446.4
Adjusted net income (non-GAAP)	$2,401.4
Per diluted share
Net income	$3.73
EC-related claims, net of taxes		.85

Exhibit Number	Exhibit Description	Form	Date of First Filing	ExhibitNumber	File Number
(3) (i)		Articles of Incorporation:
		Amended and Restated Certificate of Incorporation of PACCAR Inc	8-K	May 4, 2018	3(i)	001-14817
		Certificate of Amendment of the Amended and Restated Certificate of Incorporation of PACCAR Inc	8-K	April 24, 2020	3(i)	001-14817
		Certificate of Amendment of the Amended and Restated Certificate of Incorporation of PACCAR Inc	8-K	April 29, 2022	3(i)	001-14817
(ii)		Bylaws:
		Seventh Amended and Restated Bylaws of PACCAR Inc	8-K	July 26, 2022	3(ii)	001-14817
(4)		Instruments defining the rights of security holders, including indentures**: