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STATEMENT 1 Consolidated Results of Operations for the Years Ended December 31 (Dollars in millions except per share data) 2021 2020 Caterpillar Inc. 2019
STATEMENT 1 Consolidated Results of Operations for the Years Ended December 31 (Dollars in millions except per share data) 2021 2020 Caterpillar Inc. 2019 Sales and revenues: Sales of Machinery, Energy & Transportation S 48,188 S 39,022 $ 50,755 Revenues of Financial Products 2,783 2,726 3,045 Total sales and revenues 50,971 41,748 53,800 Operating costs: Cost of goods sold 35,513 29,082 36,630 Selling, general and administrative expenses 5,365 4,642 5,162 Research and development expenses 1,686 1,415 1,693 Interest expense of Financial Products 455 589 754 Other operating (income) expenses 1,074 1,467 1,271 Total operating costs 44,093 37,195 45,510 Operating profit 6,878 4,553 8,290
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