Cummins Inc.

NYSE-CMI

Overview Financials Investor Relations Estimates Ownership Industry Dividends Modeling Filings

Income Statement	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	LTM
Total Revenues						23,571	19,811	24,021	28,074	34,065	34,173
Total Revenues % Chg.						-0.8%	-16%	21.3%	16.9%	21.3%	6.1%
Cost of Goods Sold, Total						17,591	14,917	18,326	21,338	25,816	25,867
Gross Profit						5,980	4,894	5,695	6,736	8,249	8,306
Selling General & Admin Expenses, Total						2,454	2,125	2,374	2,517	3,208	3,259
R&D Expenses						1,001	906	1,090	1,278	1,500	1,514
Other Operating Expenses						36	46	31	68	93	124
Other Operating Expenses, Total						3,491	3,077	3,495	3,863	4,801	4,897
Operating Income						2,489	1,817	2,200	2,873	3,448	3,409
Interest Expense, Total						-109	-100	-111	-199	-375	-387
Interest And Investment Income					—	—	—	—	49	95	111
Net Interest Expenses						-109	-100	-111	-150	-280	-276
Income (Loss) On Equity Invest.						330	452	506	349	483	457
Currency Exchange Gains (Loss)				—	—	—	—	—	-8	-30	-54
Other Non Operating Income (Expenses)						243	169	156	-85	35	11
EBT, Excl. Unusual Items						2,953	2,338	2,751	2,979	3,656	3,547
Restructuring Charges	—		—	—	—	-119	—	—	—	—	—
Merger & Related Restructuring Charges	—	—	—	—	—	—	—	—	-30	—	—
Gain (Loss) On Sale Of Investments				—	—	—	—	—	-7	15	11
Gain (Loss) On Sale Of Assets	—	—		—	—	—	—	—	—	—	1,333
Asset Writedown				—	—	—	—	—	-60	-9	-9
Legal Settlements	—	—	—	—	—	—	—	—	—	-2,036	-2,036
Other Unusual Items	—	—	—	—	—	—	—	—	-63	—	—
EBT, Incl. Unusual Items						2,834	2,338	2,751	2,819	1,626	2,846
Income Tax Expense						566	527	587	636	786	769
Earnings From Continuing Operations						2,268	1,811	2,164	2,183	840	2,077
Minority Interest						-8	-22	-33	-32	-105	-133
Net Income						2,260	1,789	2,131	2,151	735	1,944
Net Income to Common Incl Extra Items						2,260	1,789	2,131	2,151	735	1,944
Net Income to Common Excl. Extra Items						2,260	1,789	2,131	2,151	735	1,944
Total Shares Outstanding						150.5	147.7	142.5	141.3	141.8	137
Weighted Avg. Shares Outstanding						155.4	148.2	144.6	141.5	141.7	140.5
Weighted Avg. Shares Outstanding Dil						156.1	149	145.9	142.3	142.7	141.5
EPS						14.5	12.1	14.7	15.2	5.2	13.8
EPS Diluted						14.5	12	14.6	15.1	5.2	13.7
EBITDA						3,158	2,487	2,859	3,654	4,464	4,445
Effective Tax Rate						20%	22.5%	21.3%	22.6%	48.3%	27%