PACCAR Inc SUMMARY STATEMENTS OF OPERATIONS

PACCAR Inc SUMMARY STATEMENTS OF OPERATIONS

(in millions except per share amounts)

Three Months Ended

June 30

2019

2018

Six Months Ended

June 30

2019

2018

Truck, Parts and Other: Net sales and revenues Cost of sales and revenues Research and development Selling, general and administrative Interest and other (income), net Truck, Parts and Other Income Before

Income Taxes

$ 6,266.5 $ 5,467.2

5,341.7 4,647.3

82.5

76.7

139.8

127.0

(9.8)

(16.4)

$ 12,404.6 $ 10,789.0

10,558.8 9,182.8

160.8

152.7

276.7

264.1

(20.1)

(35.1)

712.3

632.6

1,428.4 1,224.5

Financial Services:

Revenues

Interest and other

Selling, general and administrative

Provision for losses on receivables

Financial Services Income Before Income Taxes

Investment income

Total Income Before Income Taxes

Income taxes

Net Income

$

361.4 243.6

33.5 4.0

80.3 21.8 814.4 194.7 619.7 $

338.0 231.2

29.8 4.6

72.4 14.6 719.6 160.0 559.6

710.9

670.2

474.4

458.9

66.0

60.9

6.2

10.5

164.3

139.9

41.1

24.6

1,633.8 1,389.0

385.1

317.3

$ 1,248.7 $ 1,071.7

Net Income Per Share: Basic Diluted

$ 1.79 $ 1.59 $ 3.60 $ 3.04 $ 1.78 $ 1.59 $ 3.59 $ 3.04

Weighted Average Shares Outstanding: Basic Diluted

Dividends declared per share

347.0

351.7

347.7

352.5

$ .32 $ .28

347.1

352.1

347.8

353.0

$

.64 $

.53

PACCAR Inc CONDENSED BALANCE SHEETS

(in millions)

ASSETS Truck, Parts and Other: Cash and marketable debt securities Trade and other receivables, net Inventories, net Property, plant and equipment, net Equipment on operating leases and other, net Financial Services Assets

June 30 2019

December 31 2018

$ 4,181.2 1,711.2 1,336.6 2,624.4 1,904.9

15,409.9 $ 27,168.2

$ 4,299.6 1,314.4 1,184.7 2,480.9 1,803.2

14,399.6 $ 25,482.4

LIABILITIES AND STOCKHOLDERS' EQUITY Truck, Parts and Other: Accounts payable, deferred revenues and other Financial Services Liabilities STOCKHOLDERS' EQUITY

Common Shares Outstanding

$ 5,556.9 11,975.9 9,635.4

$ 27,168.2 346.3

$ 5,710.9 11,178.6 8,592.9

$ 25,482.4 346.6

PACCAR Inc CONDENSED CASH FLOW STATEMENTS

(in millions)

Six Months Ended June 30 OPERATING ACTIVITIES: Net income Depreciation and amortization:

Property, plant and equipment Equipment on operating leases and other Net change in trade receivables, inventory and payables Net increase in wholesale receivables on new trucks All other operating activities, net Net Cash Provided by Operating Activities

2019

2018

$ 1,248.7 $ 1,071.7

162.6 357.7 (187.7) (321.0) (70.8) 1,189.5

179.8 362.0 (258.7) (234.5)

78.2 1,198.5

INVESTING ACTIVITIES: Payments for property, plant and equipment Acquisitions of equipment for operating leases Net increase in financial services receivables Net (increase) decrease in marketable debt securities Proceeds from asset disposals and other Net Cash Used in Investing Activities

(249.9) (660.4) (426.5)

(87.8) 299.2 (1,125.4)

(221.6) (697.0) (449.9) 316.9 306.4 (745.2)

FINANCING ACTIVITIES: Payments of cash dividends Purchases of treasury stock Proceeds from stock compensation transactions Net increase in debt and other Net Cash Used in Financing Activities Effect of exchange rate changes on cash Net (Decrease) Increase in Cash and Cash Equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period

(917.0) (56.5) 23.9 667.6

(282.0) 1.4

(216.5) 3,435.9 $ 3,219.4

(608.5) (94.2) 10.9 413.2

(278.6) (32.6) 142.1

2,364.7 $ 2,506.8

Sales and Revenues: Truck Parts Financial Services Other

PACCAR Inc SEGMENT AND OTHER INFORMATION

(in millions)

Three Months Ended

June 30

2019

2018

Six Months Ended

June 30

2019

2018

$ 5,211.9 1,025.4 361.4 29.2

$ 6,627.9

$ 4,467.8 968.0 338.0 31.4

$ 5,805.2

$ 10,319.2 2,030.1 710.9 55.3

$ 13,115.5

$ 8,820.8 1,907.9 670.2 60.3

$ 11,459.2

Pretax Profit: Truck Parts Financial Services Investment Income and Other

$ 510.7 210.6 80.3 12.8

$ 814.4

$ 434.0 194.5 72.4 18.7

$ 719.6

$ 1,027.7 418.2 164.3 23.6

$ 1,633.8

$ 829.2 386.3 139.9 33.6

$ 1,389.0

United States and Canada Europe Other

GEOGRAPHIC REVENUE (in millions)

Three Months Ended

June 30

2019

2018

$ 4,291.3 $ 3,654.8

1,571.0

1,499.8

765.6

650.6

$ 6,627.9 $ 5,805.2

Six Months Ended

June 30

2019

2018

$ 8,413.1 $ 7,100.8

3,245.3

3,086.6

1,457.1

1,271.8

$ 13,115.5 $ 11,459.2

United States and Canada Europe Other

NEW TRUCK DELIVERIES

Three Months Ended

June 30

2019

2018

30,000

25,900

15,700

15,800

6,600

4,700

52,300

46,400

Six Months Ended

June 30

2019

2018

58,900

50,100

32,600

31,500

12,300

9,300

103,800

90,900

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