Summary
Cummins Inc. (CMI) filed its 2009 10-K on February 25, 2010, detailing its business operations and financial performance. The report covers the fiscal year ending December 30, 2009, a period likely influenced by the broader economic conditions of the time. Cummins operates across four key segments: Engine, Power Generation, Components, and Distribution, providing a diversified revenue stream through its extensive product offerings and services. Investors should note the company's strategic focus on innovation and global presence, as highlighted by its research and development investments and international joint ventures. The filing also addresses risk factors, operational challenges, and the company's commitment to environmental compliance. While specific financial figures for 2009 are not provided in this excerpt, the structure of the report indicates a comprehensive overview of the company's business, financial condition, and outlook for the upcoming period.
Financial Highlights
54 data points| Revenue | $10.80B |
| Cost of Revenue | $8.63B |
| Gross Profit | $2.17B |
| R&D Expenses | $362.00M |
| SG&A Expenses | $1.24B |
| Operating Income | $682.00M |
| Interest Expense | $35.00M |
| Net Income | $428.00M |
| EPS (Basic) | $2.17 |
| EPS (Diluted) | $2.16 |
| Shares Outstanding (Basic) | 197.45M |
| Shares Outstanding (Diluted) | 197.70M |
Key Highlights
- 1Cummins operates through four primary segments: Engine, Power Generation, Components, and Distribution, indicating a diversified business model.
- 2The company actively engages in joint ventures, alliances, and non-wholly-owned subsidiaries, suggesting a strategy for global market penetration and risk sharing.
- 3Research and Development expenses are highlighted, signaling a commitment to innovation and future product development.
- 4The filing includes a section on Environmental Compliance, underscoring the company's focus on regulatory adherence and sustainability.
- 5Key operational information such as Seasonality, Largest Customers, and Backlog are discussed, providing insights into business cycles and customer concentration.
- 6The report identifies Theodore M. Solso as Chairman and CEO, and Patrick J. Ward as CFO, key leadership personnel.
- 7Forward-looking statements are accompanied by cautionary notes, a standard disclosure practice for public companies.