Cummins Inc. (CMI)

Cummins Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	34,065	28,074	24,021	19,811	23,571
Revenue Growth (YoY)	21.34%	16.87%	21.25%	-15.95%	-0.84%
Cost of Revenue	25,816	21,355	18,326	14,917	17,591
Gross Profit	8,249	6,719	5,695	4,894	5,980
Selling, General & Admin	3,333	2,687	2,374	2,125	2,454
Research & Development	1,500	1,278	1,090	906	1,001
Other Operating Expenses	1,898	85	-125	-575	-88
Operating Expenses	6,731	4,050	3,339	2,456	3,367
Operating Income	1,518	2,669	2,356	2,438	2,613
Interest Expense / Income	375	199	111	100	109
Other Expense / Income	-378	-317	-473	22	-322
Pretax Income	1,521	2,787	2,718	2,316	2,826
Income Tax	786	636	587	527	566
Net Income	735	2,151	2,131	1,789	2,260
Net Income Growth	-65.83%	0.94%	19.12%	-20.84%	5.56%
Shares Outstanding (Basic)	142	141	143	148	153
Shares Change	0.51%	-1.40%	-3.36%	-3.39%	-4.58%
EPS (Basic)	5.19	15.20	14.74	12.07	14.54
EPS (Diluted)	5.15	15.12	14.61	12.01	14.48
EPS Growth	-65.94%	3.49%	21.65%	-17.06%	10.11%
Free Cash Flow	2,753	1,046	1,522	2,194	2,406
Free Cash Flow Per Share	19.42	7.42	10.64	14.82	15.71
Dividend Per Share	6.500	6.040	5.600	5.283	4.902
Dividend Growth	7.62%	7.86%	6.00%	7.77%	10.41%
Gross Margin	24.22%	23.93%	23.71%	24.70%	25.37%
Operating Margin	4.46%	9.51%	9.81%	12.31%	11.09%
Profit Margin	2.16%	7.66%	8.87%	9.03%	9.59%
Free Cash Flow Margin	8.08%	3.73%	6.34%	11.07%	10.21%
Effective Tax Rate	51.68%	22.82%	21.60%	22.75%	20.03%
EBITDA	2,920	3,770	3,491	3,089	3,607
EBITDA Margin	8.57%	13.43%	14.53%	15.59%	15.30%
Depreciation & Amortization	1,024	784	662	673	672
EBIT	1,896	2,986	2,829	2,416	2,935
EBIT Margin	5.57%	10.64%	11.78%	12.20%	12.45%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).