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Period
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CUMMINS INC   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2025202420232022202120202019201820172016
Period End Date12/31/202512/31/202412/31/202312/31/202212/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Net Sales33,670.0034,102.0034,065.0028,074.0024,021.0019,811.0023,571.0023,771.0020,428.0017,509.00
Total Revenues33,670.0034,102.0034,065.0028,074.0024,021.0019,811.0023,571.0023,771.0020,428.0017,509.00
Cost of sales25,154.0025,663.0025,816.0021,355.0018,326.0014,917.0017,591.0018,034.0015,338.0013,057.00
Gross Profit8,516.008,439.008,249.006,719.005,695.004,894.005,980.005,737.005,090.004,452.00
Research and engineering expenses1,396.001,463.001,500.001,278.001,090.00906.001,001.00902.00752.00636.00
Selling and administrative expenses3,125.003,275.003,333.002,687.002,374.002,125.002,454.002,437.002,390.002,046.00
Restructuring and other charges------------119.00------
Other operating income, net(439.00)(346.00)(2,138.00)(174.00)(31.00)(46.00)(36.00)(6.00)65.00(5.00)
Investee equity, royalty and other income469.00395.00483.00349.00506.00452.00330.00394.00357.00301.00
Loss contingency----------------(5.00)(138.00)
Gain on sale of business--------------------
Impairment of light-duty diesel assets--------------------
Operating Income (loss)4,025.003,750.001,761.002,929.002,706.002,269.002,700.002,786.002,365.001,928.00
Interest expense329.00370.00375.00199.00111.00100.00109.00114.0081.0069.00
Interest income------------46.0035.0018.0023.00
Other (income) expense, net267.001,523.00240.0089.00156.00169.00197.0046.0063.0048.00
Loss on early retirement of debt--------------------
Joint ventures and alliances (income) expense--------------------
Earnings before income taxes, minority interests, dividends on preferred securit3,963.004,903.001,626.002,819.002,751.002,338.002,834.002,753.002,365.001,930.00
U.S. earnings (loss)----(541.00)1,336.00------1,239.00397.00995.00
Foreign earnings----2,167.001,483.00------1,514.00277.00935.00
Current- Foreign772.00611.00632.00485.00319.00358.00282.00348.00289.00213.00
Deferred- Foreign(8.00)32.0011.00(45.00)19.0022.0028.00(26.00)(12.00)(7.00)
Provision for income taxes1,006.00835.00786.00636.00587.00527.00566.00566.001,371.00474.00
Current:U.S. federal and state130.00433.00611.00425.00261.00162.00288.00303.00(42.00)211.00
Deferred:U.S. federal and state86.00(241.00)(468.00)(229.00)(12.00)2.00(32.00)(71.00)355.0057.00
Current- U.S. state and local18.00------------------
Deferred- U.S. state and local8.00------------------
Deferred- Impact of tax legislation----------(17.00)--------
Minority interests in earnings of consolidated subsidiaries--------------------
Dividends on preferred securities of subsidiary trust--------------------
Cumulative effect of change in accounting principle--------------------
Consolidated Net Income (Loss)2,957.004,068.00840.002,183.002,164.001,811.002,268.002,187.00994.001,456.00
Less: Net income attributable to noncontrolling interests114.00122.00105.0032.0033.0022.008.0046.00(5.00)62.00
NET INCOME ATTRIBUTABLE TO CUMMINS INC2,843.003,946.00735.002,151.002,131.001,789.002,260.002,141.00999.001,394.00
Basic:Earnings before cumulative effect of change in accounting principle--------------------
Basic:Cumulative effect of change in accounting principle, net of tax--------------------
Earnings per share:Basic20.6228.555.1915.2014.7412.0714.5413.205.998.25
Diluted:Earnings before cumulative effect of change in accounting principle--------------------
Diluted:Cumulative effect of change in accounting principle, net of tax--------------------
Earnings per share:Diluted20.5028.375.1515.1214.6112.0114.4813.155.978.23
Weighted Average Shares Outstanding (Basic)137.90138.20141.70141.50144.60148.20155.40162.17166.63169.04
Weighted Average Shares Outstanding (Diluted)138.70139.10142.70142.30145.90149.00156.10162.77167.27169.34