Caterpillar 4Q 2012 Non-GAAP Adjusted Net Income down 37% and Annual 2012 Earnings up 20%

Below here are reconciliations of Caterpillar's Net Income as Reported and its Non-GAAP Adjusted Net Income for both the 4Qs of 2012 and 2011 and for annual 2012 and 2011:

	4Q	4Q	%		Annual	Annual	%
	2012	2011	(Decrease)		2012	2011	Increase
	mil $s	mil $s			mil $s	mil $s
Net Income, as Reported	700	1,562	-55%		5,722	4,981	15%
Adjustments:
Goodwill Impairment Charge	580				580
Favorable Tax Settlement	(300)				(300)
Non-GAAP Adjusted Net Income	980	1,562	-37%		6,002	4,981	20%

Caterpillar' 4Q 2012 Earnings Decline was a marked reversal, not just from the earnings increase in the first 9 months of 2012, but also a sharp earnings reversal from the blowout earnings increases of the past several years.

While the total number of Caterpillar's full-time worldwide workforce increased by 242 in 2012, the total number of its flexible worldwide workforce declined by 6,989 in 2012.