NET SALES (a) | 4.19B |
Cost of sales | 3.11B |
GROSS MARGIN | 1.08B |
OPERATING EXPENSES AND INCOME | |
Selling, general and administrative expenses | 513M |
Research, development and engineering expenses | 157M |
Equity, royalty and interest income from investees (Note 6) | 74M |
Gain on sale of business (Note 4) | |
Other operating (expense) income, net | 0 |
OPERATING INCOME | 384M |
Interest income | 6M |
Interest expense | 16M |
Other income (expense), net | 8M |
INCOME BEFORE INCOME TAXES | 382M |
Income tax expense | 82M |
CONSOLIDATED NET INCOME | 300M |
Less: Net income attributable to noncontrolling interests | 11M |
NET INCOME ATTRIBUTABLE TO CUMMINS INC. | |
EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC. | |
Basic (in dollars per share) | 1.72 |
Diluted (in dollars per share) | 1.72 |
WEIGHTED AVERAGE SHARES OUTSTANDING | |
Basic (in shares) | 167.8M |
Dilutive effect of stock compensation awards (in shares) | 400K |
Diluted (in shares) | 168.2M |
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) | 1.03 |