10-K/APeriod: FY2005

CUMMINS INC Annual Report (Amendment), Year Ended Dec 31, 2005

Filed March 10, 2006For Securities:CMI

Summary

This 10-K/A filing from Cummins Inc. (CMI) for the fiscal year ended December 31, 2005, serves as an amendment to provide previously excluded financial statements of Dongfeng Cummins Engine Company Limited, a significant 50% owned unconsolidated subsidiary. The amendment is necessary to comply with SEC regulations requiring the inclusion of such financial data. Investors should note that the core financial statements for Cummins Inc. itself were previously filed and are incorporated by reference, but the inclusion of Dongfeng Cummins' financials offers a more complete picture of the company's operational scope and potential impact on consolidated results. While specific financial performance metrics for 2005 are not detailed in this amendment document (as it primarily addresses disclosure requirements), the filing confirms Cummins' status as a large accelerated filer. This indicates a robust market capitalization and a history of consistent SEC reporting. The primary purpose of this amendment is regulatory compliance related to a key joint venture, suggesting that investors should pay close attention to the performance and financial health of Dongfeng Cummins Engine Company Limited when evaluating the overall Cummins enterprise. The inclusion of these statements allows for a more comprehensive due diligence process regarding Cummins' international operations and strategic partnerships.

Key Highlights

  • 1Amendment filed to include financial statements of Dongfeng Cummins Engine Company Limited, a significant 50% owned unconsolidated subsidiary.
  • 2The financial statements of Dongfeng Cummins Engine Company Limited were required under Regulation S-X but excluded from the initial annual report to shareholders.
  • 3Cummins Inc. is filing this amendment to ensure compliance with SEC reporting requirements.
  • 4The company is classified as a large accelerated filer, indicating a substantial market capitalization and history of filing.
  • 5Common Stock is registered and traded on the New York Stock Exchange and Pacific Stock Exchange.
  • 6The filing incorporates by reference portions of the company's definitive Proxy Statement for Part III information.

Frequently Asked Questions

Cummins is filing this amendment primarily to include the financial statements of Dongfeng Cummins Engine Company Limited. This 50% owned unconsolidated subsidiary's financial data is required by Regulation S-X but was initially excluded from the annual report to shareholders, necessitating this amendment for full compliance with SEC regulations.

Dongfeng Cummins Engine Company Limited is a significant 50% owned unconsolidated subsidiary. Its financial performance and operations are material enough to warrant inclusion in Cummins' SEC filings, suggesting it plays a key role in the company's overall business strategy and revenue generation, particularly in international markets.

Being a large accelerated filer means that Cummins meets specific criteria set by the SEC, including a significant public float (aggregate market value of shares held by non-affiliates). It indicates that the company is well-established, has a large market capitalization, and is subject to more stringent SEC reporting and disclosure requirements, suggesting a mature and significant public entity.

This amendment (10-K/A) primarily addresses the disclosure of the Dongfeng Cummins Engine Company Limited financial statements. The core consolidated financial statements for Cummins Inc. for the fiscal year ended December 31, 2005 (Consolidated Statements of Earnings, Balance Sheets, Cash Flows, etc.) were previously filed and are incorporated by reference in this filing. Investors should refer to those original filings for detailed financial performance metrics.