v3.26.1
STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
OPERATING ACTIVITIES    
Net income $ 34.0 $ 40.5
Items included in net income not affecting cash:    
Depreciation and amortization 26.9 35.7
Provision for losses on receivables 14.2 5.5
Deferred taxes (9.5) (5.9)
Administrative fees for services from PACCAR 5.1 5.4
Change in tax-related balances with PACCAR 26.6 20.6
(Decrease) increase in payables and other (3.9) 29.9
NET CASH PROVIDED BY OPERATING ACTIVITIES 93.4 131.7
INVESTING ACTIVITIES    
Finance and other receivables originated (588.0) (668.0)
Collections on finance and other receivables 669.3 613.2
Net decrease in wholesale receivables 110.4 58.5
Loans to PACCAR and affiliates   (197.0)
Collections on loans from PACCAR and affiliates 96.0 100.0
Net increase in other receivables to PACCAR and affiliates   (97.0)
Acquisitions of equipment for operating leases (8.5) (9.2)
Proceeds from disposals of equipment 28.2 75.1
Other, net (13.9) (7.5)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 293.5 (131.9)
FINANCING ACTIVITIES    
Net decrease in short-term commercial paper (303.6) (245.7)
Proceeds from medium-term notes 398.5 597.9
Payments of medium-term notes (500.0) (400.0)
NET CASH USED IN FINANCING ACTIVITIES (405.1) (47.8)
NET DECREASE IN CASH (18.2) (48.0)
CASH AT BEGINNING OF PERIOD 87.7 83.1
CASH AT END OF PERIOD $ 69.5 $ 35.1