FORM 10-Q

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C.  20549

(Mark One)

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2001      

	

                           OR

[ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to
 

Commission File No.                 0-13295                        

 

CATERPILLAR FINANCIAL SERVICES CORPORATION

(Exact name of Registrant as specified in its charter)
**Delaware                               **37-1105865                        **(State or other jurisdiction of incorporation or organization) **(I.R.S. Employer Identification Number)****2120 West End Ave

                    Nashville, Tennessee                    **37203-0001    **(Address of principal executive offices)**(Zip Code)**Registrant's telephone number, including area code:  (615) 341-1000

   The Registrant complies with the conditions set forth in General Instruction (H)(1)(a) and (b) of Form 10-Q is therefore filing this form with the reduced disclosure format.

    Indicate by a check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant wasrequired to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  

Yes X	 		No_____
    At March 31, 2001 one share of common stock of the Registrant was outstanding.

HIGHLIGHTS:**FIRST QUARTER 2001 VS. FIRST QUARTER 2000**
 

Revenues for the first quarter of 2001 were a record $396 million, an increase of $71 million or 22 percent compared with the same period last year.  

Profit after tax was a record $51 million, a $13 million or 34 percent increase from first quarter 2000.

New retail financing business was a first quarter record of $1.49 billion, an increase of $315 million or 27 percent from the same period last year. 

Past dues over 30 days were 3.1 percent which is a slight increase from 2.9 percent at the end of the same period one year ago. 

Write-offs net of recoveries were $10 million during the quarter compared with $3 million for the first quarter of 2000.  

James S. Beard, vice president of Caterpillar Inc. and president of Cat Financial, said, "We are pleased to realize the increased profitability from our growing operations. Our portfolio health remains excellent despite the current economicuncertainties and the increase in write-offs."		
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Caterpillar Financial Services Corporation

Form 10-Q for the Quarter Ended March 31, 2001

PART I.  FINANCIAL INFORMATION	*
Item 1.  Financial Statements	*

Consolidated Statement Of Financial Position	*

Consolidated Results of Operations	*

Consolidated Statement Of Changes in Equity	*

Consolidated Statement Of Cash Flows	*

Notes to Consolidated Financial Statements (unaudited)	*

Item 2. Management's Discussion and Analysis of Results of Operations and Financial Condition	*
**PART II.  OTHER INFORMATION	*

Item 6.  Exhibits and Reports on Form 8-K	*

Signatures	*

 

 

 

 

 
**PART I.  FINANCIAL INFORMATION

Item 1.  Financial Statements

In addition to our accompanying unaudited consolidated financial statements, we suggest that you read our Annual Report on Form 10-K.  Although not incorporated by reference in this document, additional information about us is available in our2000 Annual Report and on our web page http://www.CAT.com.  The documents mentioned above are available by writing to: Legal Dept., Caterpillar Financial Services Corp.; 2120 West End Ave.; Nashville, TN 37203.
**Caterpillar Financial Services Corporation

Consolidated Statement Of Financial Position

(Unaudited)******************************