Cummins
Income Statement
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Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Cummins's past years’ income statements indicate that its last revenue has increased compared to the previous period by 21% to $34,065,000,000. Profit margin reached 2%. Total operating expenses were $6,488,000,000.
Profit Margin
| 2014 | 19.22B | 1.65B | 8.59% |
|---|---|---|---|
| 2015 | 19.11B | 1.39B | 7.32% |
| 2016 | 17.50B | 1.39B | 7.96% |
| 2017 | 20.42B | 999M | 4.89% |
| 2018 | 23.77B | 2.14B | 9.01% |
| 2019 | 23.57B | 2.26B | 9.59% |
| 2020 | 19.81B | 1.78B | 9.03% |
| 2021 | 24.02B | 2.13B | 8.87% |
| 2022 | 28.07B | 2.15B | 7.66% |
| 2023 | 34.06B | 735M | 2.16% |
CMI Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 34.06B | 28.07B | 24.02B | 19.81B | 23.57B | 23.77B | 20.42B | 17.50B | 19.11B | 19.22B |
Cost of revenue | 25.81B | 21.35B | 18.32B | 14.91B | 17.59B | 18.03B | 15.33B | 13.05B | 14.16B | 14.36B |
Gross profit | 8.24B | 6.71B | 5.69B | 4.89B | 5.98B | 5.73B | 5.09B | 4.45B | 4.94B | 4.86B |
Operating exp. | ||||||||||
Research and development | 1.5B | 1.27B | 1.09B | 906M | 1.00B | 902M | 752M | 636M | 735M | 754M |
Selling and marketing | 0 | 38M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total operating expenses | 6.48B | 4.13B | 3.49B | 3.07B | 3.49B | 3.34B | 3.07B | 2.68B | 2.90B | 2.86B |
Operating income | 1.76B | 2.23B | 2.70B | 1.76B | 2.7B | 2.78B | 2.36B | 1.92B | 2.05B | 2.36B |
Other income (expenses), net | -135M | 585M | 45M | 69M | 134M | 440M | 31M | 211M | -32M | 69M |
Income before tax | 1.62B | 2.81B | 2.75B | 2.33B | 2.83B | 2.75B | 2.36B | 1.93B | 2.02B | 2.43B |
Income tax expense | 786M | 636M | 587M | 527M | 566M | 566M | 1.37B | 474M | 555M | 698M |
Net income | 735M | 2.15B | 2.13B | 1.78B | 2.26B | 2.14B | 999M | 1.39B | 1.39B | 1.65B |
Earnings per share | ||||||||||
Basic EPS | 5.19 | 15.2 | 14.74 | 12.07 | 14.54 | 13.2 | 6 | 8.25 | 7.86 | 9.04 |
Diluted EPS | 5.15 | 15.12 | 14.61 | 12.01 | 14.48 | 13.15 | 5.97 | 8.23 | 7.84 | 9.02 |
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