Cummins Inc. (CMI) financial statements (2020 and earlier)

Company profile

Business Address 500 JACKSON ST
COLUMBUS, IN 47202-3005
State of Incorp. IN
Fiscal Year End December 31
SIC 351 - Engines And Turbines (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:1,4701,5251,5671,3801,8112,3942,849
Cash and cash equivalents1,1291,3031,3691,1201,7112,3012,699
Other undisclosed cash, cash equivalents, and short-term investments34122219826010093150
Receivables3,8613,9833,7703,2172,9963,1162,649
Inventory, net of allowances, customer advances and progress billings3,4863,7593,1662,6752,7072,8662,381
Inventory3,4863,7593,1662,6752,7072,8662,381
Income taxes receivable152
Other undisclosed current assets570551425435433679608
Total current assets:9,3879,8188,9287,7077,9479,0558,639
Noncurrent Assets
Nontrade receivables2366  24
Property, plant and equipment4,2454,0963,9273,8003,7453,6863,156
Long-term investments and receivables1,2371,2221,156946975981931
Long-term investments1,2371,2221,156946975981931
Intangible assets, net (including goodwill)2,2892,0352,055812810822818
Goodwill1,2861,1261,082480482479461
Intangible assets, net (excluding goodwill)1,003909973332328343357
Other noncurrent assets1,5789629661,015922595670
Defined benefit plan, assets for plan benefits731735637514
Other undisclosed noncurrent assets9789231,037  (24) 
Total noncurrent assets:10,3509,2449,1477,3047,1876,7216,089
TOTAL ASSETS:19,73719,06218,07515,01115,13415,77614,728
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,1854,4504,7593,5693,3373,5112,089
Accounts payable2,5342,8222,5791,8541,7061,8811,557
Accrued liabilities1,0398521,3691,3031,2221,052 
Employee-related liabilities560679811412409508433
Taxes payable5297   7099
Deferred revenue533
Debt791879418288392351
Deferred revenue and credits500468403401285
Other undisclosed current liabilities7511,055  2486943
Total current liabilities:6,2606,3845,6774,3253,8034,0213,368
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,5761,5971,5881,5681,5761,5891,672
Capital lease obligations13212188818792
Operating lease, liability370
Other undisclosed long-term debt and lease obligation1,2061,4651,4671,4801,4951,5021,580
Liabilities, other than long-term debt3,4361,8712,3651,9442,0052,2031,659
Deferred revenue and credits604589583513414
Pension and other postretirement defined benefit plans, liabilities588
Accounts payable and accrued liabilities645740466336327312 
Deferred revenue821
Deferred compensation liability, classified 173151151199215184
Deferred tax liabilities, net263391  130116
Liability, pension and other postretirement and postemployment benefits591532619655647658
Other liabilities1,379163134213249375357
Other undisclosed noncurrent liabilities 951281  (130)159
Total noncurrent liabilities:5,0124,4194,2343,5123,5813,6623,490
Total liabilities:11,27210,8039,9117,8377,3847,6836,858
Stockholders' equity
Stockholders' equity attributable to parent, including:7,5077,3487,2596,8757,4067,7497,510
Common stock  2,2102,1532,1782,1392,099
Treasury stock, value(7,225)(6,028)(4,905)(4,489)(3,735)(2,844)(2,195)
Accumulated other comprehensive loss(2,028)(1,807)(1,503)(1,821)(1,348)(1,078)(784)
Retained earnings14,41612,91711,46411,04010,3229,5458,406
Other undisclosed stockholders' equity attributable to parent2,3442,266(7)(8)(11)(13)(16)
Stockholders' equity attributable to noncontrolling interest958911905299344344360
Total stockholders' equity:8,4658,2598,1647,1747,7508,0937,870
TOTAL LIABILITIES AND EQUITY:19,73719,06218,07515,01115,13415,77614,728

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues23,57123,77120,42817,50919,11019,22117,301
Revenue, net20,42817,50919,11019,22117,301
Cost of revenue(17,591)(18,034)(15,338)(13,057)(14,163)(14,360)(12,918)
Gross profit:5,9805,7375,0904,4524,9474,8614,383
Operating expenses(3,574)(3,339)(3,142)(2,682)(3,128)(2,948)(2,719)
Other operating income (expense), net(36)(6)65(5)(77)(17)(10)
Other undisclosed operating income330394352163315469447
Operating income:2,7002,7862,3651,9282,0572,3652,101
Nonoperating income2438181713314159
Investment income, nonoperating46351823243727
Other nonoperating income197466348911032
Interest and debt expense(109)(114)(81)(69)(65)(64)(41)
Income from continuing operations before equity method investments, income taxes:2,8342,7532,3651,9302,0252,4422,119
Income from equity method investments     330325
Other undisclosed loss from continuing operations before income taxes     (338)(325)
Income from continuing operations before income taxes:2,8342,7532,3651,9302,0252,4342,119
Income tax expense(566)(566)(1,371)(474)(555)(698)(531)
Net income:2,2682,1879941,4561,4701,7361,588
Net income (loss) attributable to noncontrolling interest(8)(46)5(62)(71)(85)(105)
Net income available to common stockholders, diluted:2,2602,1419991,3941,3991,6511,483

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:2,2682,1879941,4561,4701,7361,588
Other comprehensive income (loss)(226)(333)338(490)(285)(305)137
Comprehensive income:2,0421,8541,3329661,1851,4311,725
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(3)(17)(15)(45)(56)(74)76
Other undisclosed comprehensive loss, net of tax, attributable to parent      (152)
Comprehensive income, net of tax, attributable to parent:2,0391,8371,3179211,1291,3571,649

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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