Summary
Cummins Inc. (CMI) in its 2013 10-K filing presents a strong, diversified business with a global presence, primarily focused on the design, manufacture, sale, and service of diesel and natural gas engines, as well as related technology and equipment. The company operates through distinct segments including Engines, Components, Power Generation, and Distribution, serving a wide range of markets such as heavy-, medium-, and light-duty trucks, construction, agriculture, mining, marine, rail, and power generation. The filing highlights the company's commitment to research and development, environmental sustainability, and robust supply chain management. Investors should note the company's significant exposure to global economic conditions and specific industry cycles impacting demand for its products.
Financial Highlights
52 data points| Revenue | $17.30B |
| Cost of Revenue | $13.02B |
| Gross Profit | $4.28B |
| R&D Expenses | $713.00M |
| SG&A Expenses | $1.82B |
| Operating Income | $2.10B |
| Interest Expense | $41.00M |
| Net Income | $1.48B |
| EPS (Basic) | $7.93 |
| EPS (Diluted) | $7.91 |
| Shares Outstanding (Basic) | 186.99M |
| Shares Outstanding (Diluted) | 187.42M |
Key Highlights
- 1Diversified business across four key operating segments: Engines, Components, Power Generation, and Distribution, indicating resilience and broad market reach.
- 2Global operational footprint with a significant international presence, suggesting exposure to various economic cycles and growth opportunities worldwide.
- 3Emphasis on research and development (R&D) demonstrates a commitment to innovation and technological advancement, crucial for maintaining competitive advantage in the engine and power solutions market.
- 4Commitment to environmental sustainability and compliance is highlighted, reflecting increasing importance for corporate social responsibility and long-term operational viability.
- 5The company serves a wide array of end markets, from heavy-duty trucking and construction to agriculture and power generation, showcasing a diversified customer base and reduced reliance on any single industry.
- 6Acknowledged seasonality in certain business lines, which investors should consider when evaluating quarterly performance and trends.