Cummins Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	2,843	3,946	735	2,151	2,131
Depreciation & Amortization	1,093	1,053	1,016	781	659
Other Amortization	12	12	8	3	3
Loss (Gain) From Sale of Assets	-	-1,333	-	-	-
Loss (Gain) on Equity Investments	-55	13	-81	64	-83
Other Operating Activities	589	-39	-130	-32	-95
Change in Accounts Receivable	-612	298	-330	-697	-174
Change in Inventory	-39	-402	-	-567	-945
Change in Accounts Payable	-148	-183	-66	538	217
Change in Other Net Operating Assets	-62	-1,878	2,814	-279	543
Operating Cash Flow	3,621	1,487	3,966	1,962	2,256
Operating Cash Flow Growth	143.51%	-62.51%	102.14%	-13.03%	-17.12%
Capital Expenditures	-1,235	-1,208	-1,213	-916	-734
Cash Acquisitions	-12	-58	-292	-3,191	-
Divestitures	-	-174	-	-	-
Investment in Securities	-373	-254	-61	24	-133
Other Investing Activities	-111	-88	-77	-89	-6
Investing Cash Flow	-1,731	-1,782	-1,643	-4,172	-873
Short-Term Debt Issued	-	-	-	2,261	-
Long-Term Debt Issued	2,335	2,720	861	2,103	79
Total Debt Issued	2,335	2,720	861	4,364	79
Short-Term Debt Repaid	-906	-237	-779	-	-10
Long-Term Debt Repaid	-975	-1,568	-1,136	-1,550	-73
Total Debt Repaid	-1,881	-1,805	-1,915	-1,550	-83
Net Debt Issued (Repaid)	454	915	-1,054	2,814	-4
Repurchase of Common Stock	-	-	-	-374	-1,402
Common Dividends Paid	-1,055	-969	-921	-855	-809
Other Financing Activities	-171	-119	-202	84	-12
Financing Cash Flow	-772	-173	-2,177	1,669	-2,227
Foreign Exchange Rate Adjustments	56	-40	-68	50	35
Net Cash Flow	1,174	-508	78	-491	-809
Free Cash Flow	2,386	279	2,753	1,046	1,522
Free Cash Flow Growth	755.20%	-89.87%	163.19%	-31.27%	-30.63%
Free Cash Flow Margin	7.09%	0.82%	8.08%	3.73%	6.34%
Free Cash Flow Per Share	17.20	2.01	19.29	7.35	10.43
Cash Interest Paid	308	334	374	184	111
Cash Income Tax Paid	1,074	1,175	1,181	903	521
Levered Free Cash Flow	1,373	14.63	2,814	257.88	905.63
Unlevered Free Cash Flow	1,567	233.88	3,041	379.25	972
Change in Working Capital	-861	-2,165	2,418	-1,005	-359

Source: S&P Global Market Intelligence. Standard template. Financial Sources.