Cummins Inc. (CMI) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:3,8621,4701,5251,5671,3801,8112,394
Cash and cash equivalents3,4011,1291,3031,3691,1201,7112,301
Other undisclosed cash, cash equivalents, and short-term investments46134122219826010093
Receivables3,9923,8613,9833,7703,2172,9963,116
Inventory, net of allowances, customer advances and progress billings3,4253,4863,7593,1662,6752,7072,866
Inventory3,4253,4863,7593,1662,6752,7072,866
Other undisclosed current assets618570551425435433679
Total current assets:11,8979,3879,8188,9287,7077,9479,055
Noncurrent Assets
Nontrade receivables232366  24
Property, plant and equipment4,2554,2454,0963,9273,8003,7453,686
Long-term investments and receivables1,4411,2371,2221,156946975981
Long-term investments1,4411,2371,2221,156946975981
Intangible assets, net (including goodwill)2,2562,2892,0352,055812810822
Goodwill1,2931,2861,1261,082480482479
Intangible assets, net (excluding goodwill)9631,003909973332328343
Other noncurrent assets1,7331,5789629661,015922595
Defined benefit plan, assets for plan benefits731735637
Other undisclosed noncurrent assets1,0199789231,037  (24)
Total noncurrent assets:10,72710,3509,2449,1477,3047,1876,721
TOTAL ASSETS:22,62419,73719,06218,07515,01115,13415,776
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,4984,1854,4504,7593,5693,3373,511
Accounts payable2,8202,5342,8222,5791,8541,7061,881
Accrued liabilities1,1121,0398521,3691,3031,2221,052
Employee-related liabilities484560679811412409508
Taxes payable825297   70
Deferred revenue691533
Debt5547918794182883923
Deferred revenue and credits500468403401
Other undisclosed current liabilities5927511,055  2486
Total current liabilities:6,3356,2606,3845,6774,3253,8034,021
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,6101,5761,5971,5881,5681,5761,589
Capital lease obligations132121888187
Operating lease, liability 370
Other undisclosed long-term debt and lease obligation3,6101,2061,4651,4671,4801,4951,502
Liabilities, other than long-term debt3,6903,4361,8712,3651,9442,0052,203
Deferred revenue and credits604589583513
Accounts payable and accrued liabilities672645740466336327312
Deferred revenue840821
Deferred compensation liability, classified  173151151199215
Deferred tax liabilities, net263391  130
Liability, pension and other postretirement and postemployment benefits630591532619655647658
Other liabilities1,5481,379163134213249375
Other undisclosed noncurrent liabilities  951281  (130)
Total noncurrent liabilities:7,3005,0124,4194,2343,5123,5813,662
Total liabilities:13,63511,27210,8039,9117,8377,3847,683
Stockholders' equity
Stockholders' equity attributable to parent, including:8,0627,5077,3487,2596,8757,4067,749
Common stock   2,2102,1532,1782,139
Treasury stock, value(7,779)(7,225)(6,028)(4,905)(4,489)(3,735)(2,844)
Accumulated other comprehensive loss(1,982)(2,028)(1,807)(1,503)(1,821)(1,348)(1,078)
Retained earnings15,41914,41612,91711,46411,04010,3229,545
Other undisclosed stockholders' equity attributable to parent2,4042,3442,266(7)(8)(11)(13)
Stockholders' equity attributable to noncontrolling interest927958911905299344344
Total stockholders' equity:8,9898,4658,2598,1647,1747,7508,093
TOTAL LIABILITIES AND EQUITY:22,62419,73719,06218,07515,01115,13415,776

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues19,81123,57123,77120,42817,50919,11019,221
Revenue, net20,42817,50919,11019,221
Cost of revenue(14,917)(17,591)(18,034)(15,338)(13,057)(14,163)(14,360)
Gross profit:4,8945,9805,7375,0904,4524,9474,861
Operating expenses(3,031)(3,574)(3,339)(3,142)(2,682)(3,128)(2,948)
Other operating income (expense), net(46)(36)(6)65(5)(77)(17)
Other undisclosed operating income452330394352163315469
Operating income:2,2692,7002,7862,3651,9282,0572,365
Nonoperating income16924381817133141
Investment income, nonoperating 463518232437
Other nonoperating income1691974663489110
Interest and debt expense(100)(109)(114)(81)(69)(65)(64)
Income from continuing operations before equity method investments, income taxes:2,3382,8342,7532,3651,9302,0252,442
Income from equity method investments      330
Other undisclosed loss from continuing operations before income taxes      (338)
Income from continuing operations before income taxes:2,3382,8342,7532,3651,9302,0252,434
Income tax expense(527)(566)(566)(1,371)(474)(555)(698)
Net income:1,8112,2682,1879941,4561,4701,736
Net income (loss) attributable to noncontrolling interest(22)(8)(46)5(62)(71)(85)
Net income available to common stockholders, diluted:1,7892,2602,1419991,3941,3991,651

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:1,8112,2682,1879941,4561,4701,736
Other comprehensive income (loss)36(226)(333)338(490)(285)(305)
Comprehensive income:1,8472,0421,8541,3329661,1851,431
Comprehensive loss, net of tax, attributable to noncontrolling interest(12)(3)(17)(15)(45)(56)(74)
Comprehensive income, net of tax, attributable to parent:1,8352,0391,8371,3179211,1291,357

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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