← CUMMINS INC

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
ASSETS
Current assets:
Accounts Receivable — — — — — $3.6b $4.8b $5.6b $5.2b $5.8b
Cash and Cash Equivalents, at Carrying Value $1.1b $1.4b $1.3b $1.1b $3.4b $2.6b $2.1b — — —
Cash and cash equivalents $1.1b $1.4b $1.3b $1.1b $3.4b $2.6b $2.1b $2.2b $1.7b $2.8b
Cash, Cash Equivalents, and Short-term Investments $1.4b $1.6b $1.5b $1.5b $3.9b $3.2b $2.6b $2.7b $2.3b $3.6b
Cash, cash equivalents and marketable securities $1.4b $1.6b $1.5b $1.5b $3.9b $3.2b $2.6b $2.7b $2.3b $3.6b
Inventories (Note 6) $2.7b $3.2b $3.8b $3.5b $3.4b $4.4b $5.6b $5.7b $5.7b $5.8b
Prepaid Expense and Other Assets, Current $627.0m $577.0m $668.0m $761.0m $790.0m $777.0m $1.1b $1.2b $1.6b $1.7b
Prepaid expenses and other current assets $627.0m $577.0m $668.0m $761.0m $790.0m $777.0m $1.1b $1.2b $1.6b $1.7b
Inventory, Net $2.7b $3.2b $3.8b $3.5b $3.4b $4.4b $5.6b $5.7b $5.7b $5.8b
Assets, Current $7.7b $8.9b $9.8b $9.4b $11.9b $12.3b $14.5b $15.2b $14.8b $16.9b
Total current assets $7.7b $8.9b $9.8b $9.4b $11.9b $12.3b $14.5b $15.2b $14.8b $16.9b
Property, Plant and Equipment, Net $3.8b $3.9b $4.1b $4.2b $4.3b $4.4b $5.5b $6.2b $6.4b $7.0b
Goodwill $480.0m $1.1b $1.1b $1.3b $1.3b $1.3b $2.3b $2.5b $2.4b $2.2b
Goodwill (Note 9) $480.0m $1.1b $1.1b $1.3b $1.3b $1.3b $2.3b $2.5b $2.4b $2.2b
Intangible Assets, Net (Excluding Goodwill) $332.0m $973.0m $909.0m $1.0b $963.0m $900.0m $2.7b $2.5b $2.4b $2.2b
Other intangible assets, net (Note 9) $332.0m $973.0m $909.0m $1.0b $963.0m $900.0m $2.7b $2.5b $2.4b $2.2b
Operating Lease, Right-of-Use Asset — — — — $438.0m $444.0m $492.0m $501.0m $532.0m $537.0m
Other Assets, Noncurrent $1.0b $966.0m $962.0m $1.6b $1.7b $1.8b $2.1b $2.5b $2.6b $2.6b
Other assets (Note 11) $1.0b $966.0m $962.0m $1.6b $1.7b $1.8b $2.1b $2.5b $2.6b $2.6b
Additional Financial Items
Accrued Liabilities, Current — — $852.0m $1.0b $1.1b $1.2b $1.5b $3.8b $1.9b $1.9b
Commercial paper (Note 12) $212.0m $298.0m $780.0m $660.0m $323.0m $313.0m $2.6b $1.5b $1.3b $353.0m
Current portion of accrued product warranty (Note 13) $333.0m $454.0m $654.0m $803.0m $674.0m $755.0m $726.0m $667.0m $679.0m $693.0m
Investments and advances related to equity method investees (Note 3) $946.0m $1.2b $1.2b $1.2b $1.4b $1.5b $1.8b $1.8b $1.9b $2.1b
Loans payable (Note 12) $41.0m $57.0m $54.0m $100.0m $169.0m $208.0m $210.0m $280.0m $356.0m $313.0m
Marketable securities (Note 5) $260.0m $198.0m $222.0m $341.0m $461.0m $595.0m $472.0m $562.0m $593.0m $764.0m
Other liabilities (Note 11) — $957.0m $892.0m $1.4b $1.5b $1.5b $3.3b $3.4b $3.1b $3.1b
Trade and other $2.8b $3.3b $3.6b $3.4b $3.4b $3.6b $4.8b $5.6b $5.2b $5.8b
Total Cummins Inc. shareholders' equity $6.9b $7.3b $7.3b $7.5b $8.1b $8.5b $9.0b $8.8b $10.3b $12.3b
Total equity $7.2b $8.2b $8.3b $8.5b $9.0b $9.4b $10.0b $9.9b $11.3b $13.4b
Assets $15.0b $18.1b $19.1b $19.7b $22.6b $23.7b $30.3b $32.0b $31.5b $34.0b
Total assets $15.0b $18.1b $19.1b $19.7b $22.6b $23.7b $30.3b $32.0b $31.5b $34.0b
LIABILITIES AND EQUITY
Current liabilities:
Accounts Payable, Current $1.9b $2.6b $2.8b $2.5b $2.8b $3.0b $4.3b $4.3b $4.0b $3.8b
Accounts payable (principally trade) $1.9b $2.6b $2.8b $2.5b $2.8b $3.0b $4.3b $4.3b $4.0b $3.8b
Accrued compensation, benefits and retirement costs $412.0m $811.0m $679.0m $560.0m $484.0m $683.0m $617.0m $1.1b $1.1b $825.0m
Current maturities of long-term debt (Note 12) $35.0m $63.0m $45.0m $31.0m $62.0m $59.0m $573.0m $118.0m $660.0m $94.0m
Deferred Revenue, Current $468.0m $500.0m $498.0m $533.0m $691.0m $855.0m $1.0b $1.2b $1.3b $1.6b
Deferred Revenue, Noncurrent $589.0m $604.0m $658.0m $533.0m $691.0m $855.0m $1.0b $1.2b $1.3b $1.6b
Long-term Debt, Current Maturities $35.0m $63.0m $45.0m $31.0m $62.0m $59.0m $573.0m $118.0m $660.0m $94.0m
Operating Lease, Liability, Current — — — $131.0m $128.0m $128.0m $132.0m $138.0m $130.0m $138.0m
Operating Lease, Liability, Noncurrent — — — $370.0m $325.0m $326.0m $368.0m $374.0m $409.0m $424.0m
Other accrued expenses (Note 11) $970.0m $915.0m $852.0m $1.0b $1.1b $1.2b $1.5b $3.8b $1.9b $1.9b
Liabilities, Current $4.3b $5.7b $6.4b $6.3b $6.3b $7.1b $11.4b $12.9b $11.2b $9.6b
Total current liabilities $4.3b $5.7b $6.4b $6.3b $6.3b $7.1b $11.4b $12.9b $11.2b $9.6b
Long-term debt (Note 12) $1.6b $1.6b $1.6b $1.6b $3.6b $3.6b $4.5b $4.8b $4.8b $6.8b
Other Liabilities, Noncurrent $213.0m $134.0m $163.0m $1.4b $1.5b $1.5b $3.3b $3.4b $3.1b $3.1b
Pension assets (Note 10) $731.0m $1.0b $929.0m $1.0b $1.0b $1.5b $1.4b $1.2b $1.2b $1.0b
Deferred Tax Liabilities, Net $639.0m $85.0m — — — — $24.0m — — —
Liabilities $7.8b $9.9b $10.8b $11.3b $13.6b $14.3b $20.1b $22.1b $20.2b $20.6b
Total liabilities $7.8b $9.9b $10.8b $11.3b $13.6b $14.3b $20.1b $22.1b $20.2b $20.6b
Redeemable Noncontrolling Interest, Equity, Carrying Amount — — — — — — $258.0m $0 — —
Stockholders’ equity:
Accumulated Other Comprehensive Income (Loss), Net of Tax ($1.8b) ($1.5b) ($1.8b) ($2.0b) ($2.0b) ($1.6b) ($1.9b) ($2.2b) ($2.4b) ($2.3b)
Accumulated other comprehensive loss (Note 16) ($1.8b) ($1.5b) ($1.8b) ($2.0b) ($2.0b) ($1.6b) ($1.9b) ($2.2b) ($2.4b) ($2.3b)
Common Stock, Value, Issued $2.2b $2.2b $2.3b $2.3b $2.4b $2.4b $2.2b $2.6b $2.6b $2.7b
Common stock, $2.50 par value, 500 shares authorized, 222.5 and 222.5 shares issued — $2.2b $2.3b $2.3b $2.4b $2.4b $2.2b $2.6b $2.6b $2.7b
Common stock, par value (in dollars per share) — — — — $2.50 $2.50 $2.50 $2.50 $2.50 $2.50
Common stock, shares authorized — — — — $500.0m $500.0m $500.0m $500.0m $500.0m $500.0m
Common stock, shares issued — — — $222.4m $222.4m $222.5m $222.5m $222.5m $222.5m $222.5m
Retained Earnings (Accumulated Deficit) $11.0b $11.5b $12.9b $14.4b $15.4b $16.7b $18.0b $17.9b $20.8b $22.6b
Treasury Stock, Common, Shares — — — — — — $81.2m $80.7m $85.1m $84.4m
Treasury stock, at cost, 84.4 and 85.1 shares ($4.5b) ($4.9b) ($6.0b) ($7.2b) ($7.8b) ($9.1b) ($9.4b) ($9.4b) ($10.7b) ($10.7b)
Stockholders' Equity Attributable to Parent $6.9b $7.3b $7.3b $7.5b $8.1b $8.5b $9.0b $8.8b $10.3b $12.3b
Noncontrolling interests (Note 17) $299.0m $905.0m $911.0m $958.0m $927.0m $927.0m $992.0m $1.1b $1.0b $1.1b
Stockholders' Equity Attributable to Noncontrolling Interest $299.0m $905.0m $911.0m $958.0m $927.0m $927.0m $992.0m $1.1b $1.0b $1.1b
Liabilities and Equity $15.0b $18.1b $19.1b $19.7b $22.6b $23.7b $30.3b $32.0b $31.5b $34.0b
Total liabilities and equity $15.0b $18.1b $19.1b $19.7b $22.6b $23.7b $30.3b $32.0b $31.5b $34.0b

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.