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”.
- Chairman and CEO: Tom Linebarger
- Type: Public
- Industry: Heavy Equipment
- Listed on the New York Stock Exchange (NYSE)
- NYSE stock ticker symbol: CMI
- S&P 500 Component
- Revenue: $17.301 billion USD (2013)
- Net income: $1.588 billion USD (2013)
- Diluted earnings per share: $7.91 USD (2013)
- Employees: 47,900 (2013)
- Corporate headquarters: 500 Jackson Street, Box 3005, Columbus, Indiana 47202-3005, USA
- Corporate contact number: (812) 377-5000
- Investor relations contact number: 812-377-3121
- Investor relations email address: [email protected]
- Website: http://www.cummins.com/
|Operating data (in $ millions)||2013||2012|
|Cost of sales||$12,918||$12,826|
|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|
|Income before income taxes||$2,119||$2,271|
|Income tax expense||$531||$533|
|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 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”