Cummins Inc. – Company Information


Cummins Inc. is an American corporation, based in Columbus, Indiana, that designs, manufactures, distributes and services diesel and natural gas engines and engine-related component products.

It is publicly listed on the New York Stock Exchange (NYSE), under the stock ticker symbol ‘CMI’.

The company has around 600 distributor locations and 6,800 dealer locations across 190 countries and territories.

Its business operations are broken down into four complementary operating segments: Engine, Components, Power Generation and Distribution.

Engine – manufactures and markets natural gas and diesel powered engines for heavy-duty trucks, medium-duty trucks, buses, and light-duty automobiles.

Components – produces turbochargers, after-treatment systems, fuel systems, and filtration products.

Power Generation – offers a range of components that make up power generation systems, including alternators, controls, switchgear, and transfer switches.

Distribution – comprised of 27 company-owned and 15 joint venture distributors.

The company was founded in 1919 by Clessie Cummins under the name “Cummins Engine Company”.


Cummins, Inc logo

Operating data (in $ millions) 2013 2012
Net sales $17,301 $17,334
Cost of sales $12,918 $12,826
Gross margin $4,383 $4,508
Selling, general and administrative expenses $1,920 $1,900
Research, development and engineering expenses $713 $728
Equity, royalty and interest income from investees $361 $384
Operating income $2,101 $2,254
Income before income taxes $2,119 $2,271
Income tax expense $531 $533
Net income $1,588 $1,738
Net income attributable to noncontrolling interests $105 $93
Net income attributable to Cummins Inc. $1,483 $1,645
Net income attributable to noncontrolling interests $1,649 $1,633
Balance sheet data (in $ millions)
Total assets $14,728 $12,548
Total liabilities $6,858 $5,574
Total stockholders’ equity $7,510 $6,603
Cash flow data (in $ millions)
Net cash provided by operating activities $2,089 $1,532
Net cash used in investing activities $(846) $(982)
Net cash provided by (used in) financing activities $52 $(694)
Cash and cash equivalents at end of year $1,369 $1,484
Common share data (in $)
Basic earnings (loss) per common share $7.93 $8.69
Diluted earnings (loss) per common share $7.91 $8.67

Source: “Cummins Inc. 2013 FORM 10-K Annual Report”

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