Fourth quarter 2018 profit was $1.78 per share, compared with a loss of $2.18 per share in the fourth quarter of 2017.

Adjusted profit per share in the fourth quarter of 2018 was $2.55, compared with fourth quarter 2017 adjusted profit per share of $2.16, up 18%.

Full-year sales and revenues in 2018 were $54.7 billion, up 20% from $45.5 billion in 2017.

Full-year profit was $10.26 per share in 2018, compared with profit of $1.26 per share in 2017.

Adjusted profit per share in 2018 was $11.22, up 63% compared with 2017 adjusted profit per share of $6.88.

Adjusted profit per share excludes several adjustments consisting of restructuring costs, mark-to-market losses for remeasurement of pension and other postemployment benefit plans, certain deferred tax valuation allowance adjustments, the impact of U.S. tax reform and a gain on sale of an equity investment in 2017.

Fourth quarter 2018 Machinery, Energy & Transportation (ME&T) operating cash flow was $2.5 billion.

In the fourth quarter of 2018, the company repurchased $1.8 billion of Caterpillar common stock and paid dividends of $507 million.

For the full year of 2018, ME&T operating cash flow was $6.3 billion. During the year the company deployed significant capital, including the repurchase of $3.8 billion of Caterpillar common stock, dividend payments of $2.0 billion and a discretionary pension contribution of $1.0 billion.

After returning $5.8 billion of capital to shareholders, the enterprise cash balance was $7.9 billion at the end of 2018, compared with $8.3 billion at the end of 2017.