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CMI Price Correlated With Financials For Cummins

Free historical financial statements for Cummins Inc. See how revenue, income, cash flow, and balance sheet financials have changed over 51 quarters since 2010. Compare with CMI stock chart to see long term trends.

CMI Stock Compared to Quarterly

CMI Income Statement

Revenue, Net:7333000000
Revenue Per Share:51.9702
Cost of Goods & Services Sold:5691000000
Gross Profit:1642000000
Selling, General & Admin Expense:708000000
Research & Development Expense:348000000
Operating Income:626000000
Income Taxes:199000000
Net Income:409000000
Earnings Per Share, Basic:2.83
Shares Outstanding, Basic Avg:141100000

CMI Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:216000000
Net Cash from Operations:382000000
Net Cash from Operations Per Share:2.7073
Repurchases/Buybacks Common Stock:23000000
Cash Dividends Paid:222000000
Net Cash from Financing Activities:2502000000
Property, Plant & Equipment Purchases:202000000
Purchases of Businesses, Net of Cash:2763000000
Net Cash from Investing Activities:-2920000000
Net Change in Cash & Equivalents:37000000

CMI Balance Sheet

Cash and Cash Equivalents:2965000000
Short-Term Investments:466000000
Inventories:5543000000
Total Current Assets:14398000000
Property, Plant & Equipment, Net:5201000000
Total Assets:29769000000
Accounts Payable:4000000000
Current Portion of Long-Term Debt:55000000
Total Short-Term Liabilities:10530000000
Total Liabilities:20159000000

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
Vanguard Group Inc
13,203,832 sh
226,774 sh
2%
$2,687,113
$175,663
Blackrock Inc.
11,589,042 sh
-626,505 sh
-5%
$2,358,487
-$5,589
State Street Corp
6,376,376 sh
-91,008 sh
-1%
$1,297,656
$46,023
Price T Rowe Associates Inc /Md/
5,240,383 sh
1,484,171 sh
40%
$1,067,213
$340,274
Capital Research Global Investors
3,265,778 sh
99,899 sh
3%
$664,618
$51,925
Geode Capital Management, LLC
2,869,462 sh
65,403 sh
2%
$583,298
$41,546
Charles Schwab Investment Management Inc
2,738,918 sh
222,434 sh
9%
$557,397
$70,382
Morgan Stanley
2,107,227 sh
174,638 sh
9%
$428,841
$54,828
Lsv Asset Management
2,082,812 sh
6,089 sh
0%
$423,873
$21,965
Ameriprise Financial Inc
2,054,270 sh
112,364 sh
6%
$418,432
$42,963
First Trust Advisors Lp
2,033,702 sh
666,567 sh
49%
$413,878
$149,296
Northern Trust Corp
2,025,439 sh
-42,991 sh
-2%
$412,196
-$12,059
First Eagle Investment Management, LLC
2,000,347 sh
1,745 sh
0%
$407,091
$20,302
Public Investment Fund
1,800,301 sh
 
$366,379
Legal & General Group Plc
1,624,343 sh
-9,884 sh
-1%
$330,574
$14,297
Hotchkis & Wiley Capital Management LLC
1,550,580 sh
-161,988 sh
-9%
$315,559
-$35,706
Stifel Financial Corp
1,525,831 sh
43,832 sh
3%
$310,525
$23,712
Dimensional Fund Advisors LP
1,513,868 sh
31,335 sh
2%
$308,116
$21,232
Goldman Sachs Group Inc
1,432,311 sh
509,048 sh
55%
$291,489
$112,810
Loomis Sayles & Co L P
1,360,993 sh
-182,598 sh
-12%
$276,976
-$21,755
COMPANY PROFILE
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Nature of Operations

We were founded in 1919 as Cummins Engine Company, a corporation in Columbus, Indiana and one of the first diesel engine manufacturers. In 2001, we changed our name to Cummins Inc. We are a global power leader that designs, manufactures, distributes and services diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, batteries, electrified power systems, hydrogen production and fuel cell products. We sell our products to original equipment manufacturers (OEMs), distributors, dealers and other customers worldwide. We serve our customers through a service network of approximately 500 wholly-owned, joint venture and independent distributor locations and more than 10,000 Cummins certified dealer locations in approximately 190 countries and territories.

COVID-19

The outbreak of COVID-19 in early 2020 became a global pandemic with the resultant economic impacts evolving into a worldwide recession. The pandemic triggered a significant downturn in our markets globally, which negatively impacted our sales and results of operations during 2020. While the majority of the negative impacts to demand largely subsided in 2021, we are still experiencing supply chain disruptions and related financial impacts reflected as increased cost of sales. Our industry continues to be unfavorably impacted by supply chain constraints leading to shortages across multiple components categories and limiting our collective ability to meet end-user demand. Our customers are also experiencing other supply chain issues and slowing production.

Principles of Consolidation

Our Consolidated Financial Statements are prepared in accordance with generally accepted accounting principles in the United States of America (GAAP). All intercompany balances and transactions are eliminated in consolidation.

We include the accounts of all wholly-owned and majority-owned domestic and foreign subsidiaries where our ownership is more than 50 percent of outstanding equity interests except for majority-owned subsidiaries that are considered variable interest entities (VIEs) where we are not deemed to have a controlling financial interest. In addition, we also consolidate, regardless of our ownership percentage, VIEs or joint ventures for which we are deemed to have a controlling financial interest. We have variable interests in several businesses accounted for under the equity method of accounting, however most of these VIEs are unconsolidated.

For consolidated entities where our ownership interest is less than 100 percent, the noncontrolling ownership interests are reported in our Consolidated Balance Sheets . The noncontrolling ownership interest in our income, net of tax, is classified as "Net income attributable to noncontrolling interests" in our Consolidated Statements of Net Income .

Reclassifications

Certain amounts for 2020 and 2019 were reclassified to conform to the current year presentation.

Investments in Equity Investees

We use the equity method to account for our investments in joint ventures, affiliated companies and alliances in which we have the ability to exercise significant influence, generally represented by equity ownership or partnership equity of at least 20 percent but not more than 50 percent. Generally, under the equity method, original investments in these entities are recorded at cost and subsequently adjusted by our share of equity in income or losses after the date of acquisition. Investment amounts in excess of our share of an investee's net assets are amortized over the life of the related asset creating the excess, except goodwill which is not amortized. Equity in income or losses of each investee is recorded according to our level of ownership; if losses accumulate, we

Data imported from Cummins Inc SEC filings. Check original filings before making any investment decision.