Cummins Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $2.96B | $4.07B | $840.0M | $2.18B | $2.16B | $1.81B | $2.27B | $2.19B |
| Depreciation & Amortization | $1.11B | $1.07B | $1.02B | $784.0M | $662.0M | $673.0M | $672.0M | $611.0M |
| Depreciation | $768.0M | $729.0M | $691.0M | $557.0M | $514.0M | $504.0M | $494.0M | $455.0M |
| Amortization | $323.0M | $324.0M | $324.0M | $223.0M | $144.0M | $165.0M | $175.0M | $153.0M |
| Stock-Based Compensation | — | — | — | — | $37.0M | $31.0M | $49.0M | $53.0M |
| Net Cash from Operating Activities | $3.62B | $1.49B | $3.97B | $1.96B | $2.26B | $2.72B | $3.18B | $2.38B |
| Investing Activities | ||||||||
| Capital Expenditures | $1.24B | $1.21B | $1.21B | $916.0M | $734.0M | $528.0M | $700.0M | $709.0M |
| Business Acquisitions | $12.0M | $58.0M | $292.0M | $3.19B | $0 | $0 | $237.0M | $70.0M |
| Net Cash from Investing Activities | $-1.73B | $-1.78B | $-1.64B | $-4.17B | $-873.0M | $-719.0M | $-1.15B | $-974.0M |
| Financing Activities | ||||||||
| Dividends Paid | $1.06B | $969.0M | $921.0M | $855.0M | $809.0M | $782.0M | $761.0M | $718.0M |
| Stock Repurchases | — | $0 | $0 | $374.0M | $1.40B | $641.0M | $1.27B | $1.14B |
| Net Cash from Financing Activities | $-772.0M | $-173.0M | $-2.18B | $1.67B | $-2.23B | $280.0M | $-2.10B | $-1.40B |
| Net Change in Cash | $1.17B | $-508.0M | $78.0M | $-491.0M | $-809.0M | $2.27B | $-174.0M | $-66.0M |
| Free Cash Flow | $2.39B | $279.0M | $2.75B | $1.05B | $1.52B | $2.19B | $2.48B | $1.67B |