v3.26.1
STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
OPERATING ACTIVITIES    
Net income $ 71.0 $ 76.9
Items included in net income not affecting cash:    
Depreciation and amortization 52.1 65.3
Provision for losses on receivables 24.1 18.2
Deferred taxes (11.6) (16.9)
Administrative fees for services from PACCAR 6.1 6.4
Change in tax-related balances with PACCAR 2.6 15.1
Increase (decrease) in payables and other 11.6 (35.9)
NET CASH PROVIDED BY OPERATING ACTIVITIES 155.9 129.1
INVESTING ACTIVITIES    
Finance and other receivables originated (1,388.6) (1,593.2)
Collections on finance and other receivables 1,332.1 1,331.7
Net decrease in wholesale receivables 132.8 80.0
Loans to PACCAR and affiliates   (302.0)
Collections on loans from PACCAR and affiliates 134.0 130.0
Net decrease in other receivables to PACCAR and affiliates   48.0
Acquisitions of equipment for operating leases (52.0) (23.2)
Proceeds from disposals of equipment 67.4 114.4
Other, net (46.3) (25.9)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 179.4 (240.2)
FINANCING ACTIVITIES    
Net decrease in short-term commercial paper (421.2) (459.8)
Proceeds from medium-term notes 847.0 1,344.9
Payments of medium-term notes (800.0) (800.0)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (374.2) 85.1
NET DECREASE IN CASH (38.9) (26.0)
CASH AT BEGINNING OF PERIOD 87.7 83.1
CASH AT END OF PERIOD $ 48.8 $ 57.1