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Asset logo for symbol CMI
Cummins
CMI66
$293.20arrow_drop_down1.15%-$3.44
S&P500
Asset logo for symbol CMI
CMI66

$293.20

arrow_drop_down1.15%

Income Statement (CMI)

itemJun 2024Mar 2024Dec 2023Sep 2023Jun 2023
EBIT$954.00M$801.00M-$1.14B$975.00M$1.30B
EBITDA$1.21B$1.06B-$883.00M$1.23B$1.30B
gross Profit$2.16B$2.00B$2.00B$2.07B$2.14B
NET Income$726.00M$1.99B-$1.43B$656.00M$720.00M
total Revenue$8.79B$8.40B$8.54B$8.43B$8.63B

Balance Sheet (CMI)

itemJun 2024Mar 2024Dec 2023Sep 2023Jun 2023
cash Equivalents---$2.38B$1.80B
net Debt$6.37B$4.75B$5.02B$5.07B$5.89B
stockholders Equity$9.55B$9.06B$8.85B$10.65B$10.33B
total Assets$31.32B$31.82B$32.00B$32.09B$31.73B
total Debt$7.96B$7.29B$7.20B$7.46B$7.70B
total Liabilities$20.74B$21.72B$22.10B$20.41B$20.37B

Cash Flow (CMI)

itemJun 2024Mar 2024Dec 2023Sep 2023Jun 2023
financing Cash Flow$308.00M$499.00M-$1.10B-$466.00M-$240.00M
free Cash Flow-$1.09B$107.00M$940.00M$1.24B$262.00M
investing Cash Flow----$860.00M-$378.00M
operating Cash Flow-$851.00M$276.00M$1.45B$1.52B$483.00M

Cummins (CMI) Financials

The income statement of Cummins Inc (CMI) provides a detailed overview of the company's financial performance. It includes information on revenue, expenses, and net income. In the latest financial report, Cummins Inc reported a total revenue of $23.8 billion. The company's gross profit for the same period was $6.2 billion. After accounting for operating expenses, Cummins Inc recorded an EBIT (earnings before interest and taxes) of $2.5 billion and an EBITDA (earnings before interest, taxes, depreciation, and amortization) of $3.2 billion.
Net income is an important metric for evaluating a company's profitability. Cummins Inc reported a net income of $1.8 billion for the latest reporting period. This represents the amount of income that belongs to the company's stockholders after accounting for expenses and taxes. The balance sheet is another important financial statement that provides a snapshot of a company's financial position. Cummins Inc has a total assets value of $21.5 billion, with stockholders' equity amounting to $7.9 billion. The company has a manageable level of total debt, which stands at $2.6 billion.
Cash flow is also a critical aspect of a company's financial health. Cummins Inc generated a total cash flow of $2.3 billion in the latest reporting period. This includes cash inflows from operating activities, investing activities, and financing activities. The company's operating cash flow was $2.8 billion, while the investing cash flow and financing cash flow were -$0.2 billion and -$0.3 billion, respectively. Cummins Inc holds cash equivalents of $1.1 billion and has a net debt of $1.5 billion.
In summary, Cummins Inc's financials demonstrate a strong performance. The company has achieved significant revenue and gross profit, leading to a commendable EBIT and EBITDA. Cummins Inc's net income showcases the company's profitability and the ability to generate returns for stockholders. The balance sheet reflects a healthy financial position, with adequate assets and equity. The company also maintains a manageable level of debt. Overall, Cummins Inc's financial statements indicate stable cash flow and prudent financial management.
Please note that the financial information mentioned above is based on the latest available reports and may be subject to change or updates.
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