Cummins Inc. (CMI)
NYSE: CMI · Real-Time Price · USD
452.18
-3.22 (-0.71%)
At close: Nov 13, 2026, 4:00 PM EST
450.00
-2.18 (-0.48%)
After-hours: Nov 13, 2026, 7:33 PM EST
Cummins Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 | 3,319 | 2,843 | 3,946 | 735 | 2,151 | 2,131 |
Depreciation & Amortization | 1,119 | 1,093 | 1,053 | 1,016 | 781 | 659 |
Other Amortization | 12 | 12 | 12 | 8 | 3 | 3 |
Loss (Gain) From Sale of Assets | - | - | -1,333 | - | - | - |
Loss (Gain) on Equity Investments | -164 | -55 | 13 | -81 | 64 | -83 |
Other Operating Activities | 396 | 589 | -39 | -130 | -32 | -95 |
Change in Accounts Receivable | -997 | -612 | 298 | -330 | -697 | -174 |
Change in Inventory | -623 | -39 | -402 | - | -567 | -945 |
Change in Accounts Payable | 1,086 | -148 | -183 | -66 | 538 | 217 |
Change in Other Net Operating Assets | 599 | -62 | -1,878 | 2,814 | -279 | 543 |
Operating Cash Flow | 4,747 | 3,621 | 1,487 | 3,966 | 1,962 | 2,256 |
Operating Cash Flow Growth | 35.28% | 143.51% | -62.51% | 102.14% | -13.03% | -17.12% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Capital Expenditures | -1,285 | -1,235 | -1,208 | -1,213 | -916 | -734 |
Cash Acquisitions | -12 | -12 | -58 | -292 | -3,191 | - |
Divestitures | - | - | -174 | - | - | - |
Investment in Securities | -239 | -373 | -254 | -61 | 24 | -133 |
Other Investing Activities | -12 | -111 | -88 | -77 | -89 | -6 |
Investing Cash Flow | -1,548 | -1,731 | -1,782 | -1,643 | -4,172 | -873 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Short-Term Debt Issued | - | - | - | - | 2,261 | - |
Long-Term Debt Issued | - | 2,335 | 2,720 | 861 | 2,103 | 79 |
Total Debt Issued | 557 | 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 | -597 | -1,881 | -1,805 | -1,915 | -1,550 | -83 |
Net Debt Issued (Repaid) | -40 | 454 | 915 | -1,054 | 2,814 | -4 |
Repurchase of Common Stock | -827 | - | - | - | -374 | -1,402 |
Common Dividends Paid | -1,131 | -1,055 | -969 | -921 | -855 | -809 |
Other Financing Activities | -204 | -171 | -119 | -202 | 84 | -12 |
Financing Cash Flow | -2,202 | -772 | -173 | -2,177 | 1,669 | -2,227 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | 8 | 56 | -40 | -68 | 50 | 35 |
Net Cash Flow | 1,005 | 1,174 | -508 | 78 | -491 | -809 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Free Cash Flow | 3,462 | 2,386 | 279 | 2,753 | 1,046 | 1,522 |
Free Cash Flow Growth | 51.98% | 755.20% | -89.87% | 163.19% | -31.27% | -30.63% |
Free Cash Flow Margin | 9.66% | 7.09% | 0.82% | 8.08% | 3.73% | 6.34% |
Free Cash Flow Per Share | 24.99 | 17.20 | 2.01 | 19.29 | 7.35 | 10.43 |
Levered Free Cash Flow | 2,342 | 1,373 | 14.63 | 2,814 | 257.88 | 905.63 |
Unlevered Free Cash Flow | 2,530 | 1,567 | 233.88 | 3,041 | 379.25 | 972 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Cash Interest Paid | 308 | 308 | 334 | 374 | 184 | 111 |
Cash Income Tax Paid | 1,074 | 1,074 | 1,175 | 1,181 | 903 | 521 |
Change in Working Capital | 65 | -861 | -2,165 | 2,418 | -1,005 | -359 |