Basis of Presentation

In the opinion of management, the accompanying unaudited consolidated financial statements include all adjustments, consisting only of normal recurring adjustments, necessary for a fair statement of (a) the consolidated profit for the three and nine months ended September 30, 2014 and 2013, (b) the consolidated comprehensive income for the three and nine months ended September 30, 2014 and 2013, (c) the consolidated financial position as of September 30, 2014 and December 31, 2013, (d) the consolidated changes in stockholder's equity for the nine months ended September 30, 2014 and 2013 and (e) the consolidated cash flows for the nine months ended September 30, 2014 and 2013. The preparation of financial statements, in conformity with generally accepted accounting principles in the United States of America (U.S. GAAP) and pursuant to the rules and regulations of the Securities and Exchange Commission (SEC), requires management to make estimates and assumptions that affect reported amounts. The most significant estimates include those related to the residual values for leased assets, our Allowance for credit losses and the income tax reserve. Actual results may differ from these estimates.

Interim results are not necessarily indicative of results for a full year. The information included in this Form 10-Q should be read in conjunction with Management's Discussion and Analysis of Financial Condition and Results of Operations and the audited consolidated financial statements and notes thereto included in our amended annual report on Form 10-K/A for the year ended December 31, 2013 filed with the SEC on November 14, 2014.

The December 31, 2013 financial position data included herein was derived from the audited consolidated financial statements included in our amended annual report on Form 10-K/A for the year ended December 31, 2013 filed with the SEC on November 14, 2014, but does not include all disclosures required by U.S. GAAP.

We consolidate all variable-interest entities (VIEs) where we are the primary beneficiary. The primary beneficiary of a VIE is the party that has the power to direct the activities that most significantly impact the performance of the entity and the obligation to absorb losses or the right to receive benefits that could potentially be significant to the entity. Please refer to Note 7 for more information.

Revision of prior period financial statements

In preparing our consolidated financial statements for the quarter ended September 30, 2014, we identified immaterial errors that impacted our previously issued consolidated financial statements for the interim periods ended March 31, 2014 and June 30, 2014 and the interim and annual periods ended December 31, 2013, 2012 and 2011. The prior period errors primarily relate to our Allowance for credit losses and our valuation of debt instruments in fair value hedges. Specifically as relating to our Allowance for credit losses, at one of our international subsidiary locations, an internal audit review during the second quarter 2014 identified certain finance receivables not appropriately evaluated for impairment. As a result, management performed a subsidiary level analysis during the third quarter which discovered one additional international subsidiary that was providing incomplete credit loss reporting. Both errors impacted management’s evaluation of the adequacy of the Allowance for credit losses. With respect to the fair value hedges, when debt instruments in fair value hedge transactions matured in 2014, management controls identified carrying value adjustments associated with the matured debt remaining on the balance sheet. Upon investigation, we learned that an incorrect discount rate was being used to value the hedged debt over the term of the hedge relationship.

We evaluated these errors and concluded that they did not, individually or in the aggregate, result in a material misstatement of our previously issued consolidated financial statements. However, if the entire correction was recorded out-of-period in the third quarter of 2014, the cumulative amount would have been material to estimated Profit for the year ending December 31, 2014 and would have impacted comparisons to prior periods. As such, the revisions for these corrections are reflected in the financial information of the applicable prior periods and will be reflected in future filings containing such financial information.

The following tables present the effect of these revisions for the financial statement line items impacted in the affected periods included within this quarterly financial report.

Revised Consolidated Statements of Profit Amounts



(Millions of dollars)	As Previously Reported			Adjustment			As Revised			As Previously Reported			Adjustment			As Revised
	Three Months Ended September 30, 2013									Nine Months Ended September 30, 2013
Operating lease revenue	$	238		$	1		$	239		$	687		$	2		$	689
Total revenues	698			1			699			2,072			2			2,074
Depreciation on equipment leased to others	198			1			199			556			2			558
Provision for credit losses	39			1			40			86			5			91
Total expenses	528			2			530			1,532			7			1,539
Other income (expense)	(5		)	—			(5		)	(30		)	(15		)	(45		)
Profit before income taxes	165			(1		)	164			510			(20		)	490
Provision for income taxes	44			—			44			131			(5		)	126
Profit of consolidated companies	121			(1		)	120			379			(15		)	364
Profit	$	118		$	(1	)	$	117		$	370		$	(15	)	$	355

Revised Consolidated Statements of Comprehensive Income Amounts



(Millions of dollars)	As Previously Reported		Adjustment			As Revised		As Previously Reported		Adjustment			As Revised
	Three Months Ended September 30, 2013							Nine Months Ended September 30, 2013
Profit of consolidated companies	$	121	$	(1	)	$	120	$	379	$	(15	)	$	364
Comprehensive income (loss)	238		(1		)	237		335		(15		)	320
Comprehensive income (loss) attributable to Caterpillar Financial Services Corporation	$	234	$	(1	)	$	233	$	323	$	(15	)	$	308

Revised Consolidated Statements of Financial Position Amounts



(Millions of dollars)	As Previously Reported			Adjustment			As Revised			As Previously Reported			Adjustment			As Revised
	December 31, 2013									September 30, 2013
Retail notes receivable	$	10,863		$	(5	)	$	10,858		$	11,105		$	(4	)	$	11,101
Finance leases and installment sale contracts - Retail	14,582			(31		)	14,551			14,408			(27		)	14,381
Total finance receivables	30,078			(36		)	30,042			29,845			(31		)	29,814
Less: Allowance for credit losses	(378		)	(9		)	(387		)	(404		)	(8		)	(412		)
Total net finance receivables	28,724			(45		)	28,679			28,470			(39		)	28,431
Equipment on operating leases, less accumulated depreciation	3,530			14			3,544			3,279			16			3,295
Deferred and refundable income taxes	160			6			166			161			5			166
Other assets	1,059			1			1,060			1,024			1			1,025
Total assets	$	35,138		$	(24	)	$	35,114		$	35,308		$	(17	)	$	35,291
Payable to Caterpillar - other	$	96		$	(16	)	$	80		$	73		$	(10	)	$	63
Long-term debt	18,720			17			18,737			18,064			15			18,079
Deferred income taxes and other liabilities	517			(5		)	512			521			(4		)	517
Total liabilities	31,127			(4		)	31,123			31,350			1			31,351
Retained earnings	3,024			(20		)	3,004			2,964			(18		)	2,946
Total stockholder's equity	4,011			(20		)	3,991			3,958			(18		)	3,940
Total liabilities and stockholder's equity	$	35,138		$	(24	)	$	35,114		$	35,308		$	(17	)	$	35,291

Revised Consolidated Statements of Changes in Stockholder's Equity Amounts



(Millions of dollars)
	As Previously Reported		Adjustment			As Revised
	September 30, 2013
Profit	$	370	$	(15	)	$	355
Retained Earnings - Balance at September 30, 2013	$	2,964	$	(18	)	$	2,946

Revised Consolidated Statements of Cash Flows Amounts



(Millions of dollars)	As Previously Reported			Adjustment			As Revised
	Nine Months Ended September 30, 2013
Profit of consolidated companies	$	379		$	(15	)	$	364
Depreciation and amortization	570			2			572
Provision for credit losses	86			5			91
Other, net	57			15			72
Receivables from others	10			(2		)	8
Other receivables/payables with Caterpillar	2			2			4
Accrued expenses and other liabilities, net	(22		)	(5		)	(27		)
Net cash provided by operating activities	713			2			715
Expenditures for equipment on operating leases and for non-leased equipment	(1,244		)	(16		)	(1,260		)
Additions to finance receivables	(10,400		)	14			(10,386		)
Net cash provided by (used for) investing activities	$	(1,587	)	$	(2	)	$	(1,589	)

The Notes to the Consolidated Financial Statements have been revised to reflect the above revisions for all periods presented.