CMI Income Statement

Click line-items for a historical chart and %
NET SALES (a) 3.92B
Cost of sales 2.97B
GROSS MARGIN 957M
OPERATING EXPENSES AND INCOME
Selling, general and administrative expenses 444M
Research, development and engineering expenses 182M
Equity, royalty and interest income from investees (Note 6) 82M
Gain on sale of business (Note 4)
Other operating (expense) income, net 1M
OPERATING INCOME 414M
Interest income 5M
Interest expense 6M
Other income (expense), net 18M
INCOME BEFORE INCOME TAXES 431M
Income tax expense 119M
CONSOLIDATED NET INCOME 312M
Less: Net income attributable to noncontrolling interests 30M
NET INCOME ATTRIBUTABLE TO CUMMINS INC.
EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CUMMINS INC.
Basic (in dollars per share) 1.5
Diluted (in dollars per share) 1.49
WEIGHTED AVERAGE SHARES OUTSTANDING
Basic (in shares) 188.4M
Dilutive effect of stock compensation awards (in shares) 400K
Diluted (in shares) 188.8M
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) 0.5

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