10-KPeriod: FY2012

CUMMINS INC Annual Report, Year Ended Dec 31, 2012

Filed February 20, 2013For Securities:CMI

Summary

Cummins Inc.'s 2012 10-K filing provides a comprehensive overview of its business operations and financial health as of December 30, 2012. The company operates across diverse segments including Engines, Components, Power Generation, and Distribution, serving a global market. Investors should note the company's focus on innovation and sustainability, as evidenced by its research and development expenditures and environmental initiatives. The filing highlights Cummins' robust market presence and its strategy to navigate the complexities of the global economy. While specific financial performance metrics for 2012 are not detailed in the provided text, the structure of the report indicates a thorough discussion of financial condition and results of operations in Item 7. Investors interested in risk factors should review Item 1A, which details potential challenges and uncertainties facing the company.

Financial Highlights

52 data points
Beta

Revenue

$17.33B

25.5% Gross Margin

Net Income

$1.65B

9.5% Net Margin

EPS (Diluted)

$8.67

Total Assets

$12.55B

Cash & Equivalents

$1.37B

Free Cash Flow

$842.00M

Financial Statements
Beta
Revenue$17.33B
Cost of Revenue$12.92B
Gross Profit$4.42B
R&D Expenses$728.00M
SG&A Expenses$1.81B
Operating Income$2.25B
Interest Expense$32.00M
Net Income$1.65B
EPS (Basic)$8.69
EPS (Diluted)$8.67
Shares Outstanding (Basic)189.29M
Shares Outstanding (Diluted)189.67M

Key Highlights

  • 1Cummins operates through four primary segments: Engine, Components, Power Generation, and Distribution, indicating a diversified business model.
  • 2The company emphasizes research and development, suggesting a commitment to product innovation and future growth.
  • 3Environmental sustainability and compliance are noted as important aspects of Cummins' operations.
  • 4The filing includes extensive details on joint ventures, alliances, and non-wholly-owned subsidiaries, which are crucial for understanding the company's collaborative strategies.
  • 5Risk factors are detailed in Item 1A, providing investors with insights into potential challenges and uncertainties.
  • 6The company has a global customer base, with specific mention of its largest customers in the filing.
  • 7Key financial data and management's discussion on financial condition and results of operations are found in Items 6 and 7, respectively.

Frequently Asked Questions

Cummins Inc. operates through four main business segments: Engine, Components, Power Generation, and Distribution. These segments cover a broad range of products and services related to power solutions.

The company dedicates resources to research and development, as indicated in the filing. This suggests a strategic focus on developing new technologies and improving existing products to maintain a competitive edge and drive future growth.

The 10-K filing, specifically in Item 1A, details various risk factors. While the provided text doesn't list them exhaustively, investors should consult this section for information on potential challenges such as market fluctuations, regulatory changes, competition, and operational risks.

The filing mentions 'Environmental Sustainability' and 'Environmental Compliance,' indicating that Cummins Inc. considers these aspects to be important. Investors can find more detailed information within the full report regarding the company's initiatives and adherence to environmental regulations.