Below are the financial statements of Cummins, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
All figures in billions of USD | 2024 | 2023 |
---|---|---|
Current assets | — | — |
Cash and cash equivalents | 1.67a | 2.18a |
Marketable securities | 0.59a | 0.56a |
Total cash, cash equivalents and marketable securities | 2.26a | 2.74a |
Accounts and notes receivable, net | 5.18a | 5.58a |
Inventories | 5.74a | 5.68a |
Prepaid expenses and other current assets | 1.57a | 1.2a |
Total current assets | 14.75a | 15.2a |
Long-term assets | — | — |
Property, plant and equipment, net | 6.36a | 6.25a |
Investments and advances related to equity method investees | 1.89a | 1.8a |
Goodwill | 2.37a | 2.5a |
Other intangible assets, net | 2.35a | 2.52a |
Pension assets | 1.19a | 1.2a |
Other assets | 2.63a | 2.54a |
Total assets | 31.54a | 32.01a |
Current liabilities | — | — |
Accounts payable (principally trade) | 3.95a | 4.26a |
Loans payable | 0.36a | 0.28a |
Commercial paper | 1.26a | 1.5a |
Current maturities of long-term debt | 0.66a | 0.12a |
Accrued compensation, benefits and retirement costs | 1.08a | 1.11a |
Current portion of accrued product warranty | 0.68a | 0.67a |
Current portion of deferred revenue | 1.35a | 1.22a |
Other accrued expenses | 1.9a | 3.75a |
Total current liabilities | 11.23a | 12.9a |
Long-term liabilities | — | — |
Long-term debt | 4.78a | 4.8a |
Deferred revenue | 1.07a | 0.97a |
Other liabilities | 3.15a | 3.43a |
Total liabilities | 20.23a | 22.1a |
Cummins Inc. shareholders’ equity | — | — |
Common stock | 2.64a | 2.56a |
Retained earnings | 20.83a | 17.85a |
Treasury stock, at cost | -10.75a | -9.36a |
Accumulated other comprehensive loss | -2.45a | -2.21a |
Total Cummins Inc. shareholders’ equity | 10.27a | 8.85a |
Equity | — | — |
Noncontrolling interests | 1.04a | 1.05a |
Total equity | 11.31a | 9.9a |
Total liabilities and equity | 31.54a | 32.01a |
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