Cummins Inc.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $20.43B | $17.51B | $19.11B | $19.22B | $17.30B | $17.33B | $18.05B | $13.23B |
| Cost of Revenue | $15.33B | $13.05B | $14.16B | $14.36B | $13.02B | $12.92B | $13.46B | $10.06B |
| Gross Profit | $5.10B | $4.46B | $4.95B | $4.86B | $4.28B | $4.42B | $4.59B | $3.17B |
| Gross Margin | 25.0% | 25.5% | 25.9% | 25.3% | 24.7% | 25.5% | 25.4% | 24.0% |
| Operating Expenses | ||||||||
| Research & Development | $754.0M | $637.0M | $735.0M | $754.0M | $713.0M | $728.0M | $629.0M | $414.0M |
| SG&A Expense | $2.43B | $2.10B | $2.09B | $2.10B | $1.82B | $1.81B | $1.84B | $1.49B |
| Operating Income | $2.33B | $1.88B | $2.06B | $2.37B | $2.10B | $2.25B | $2.68B | $1.60B |
| Operating Margin | 11.4% | 10.7% | 10.8% | 12.3% | 12.1% | 13.0% | 14.9% | 12.1% |
| Interest Expense | $81.0M | $69.0M | $65.0M | $64.0M | $41.0M | $32.0M | $44.0M | $40.0M |
| Pretax Income | $2.37B | $1.93B | $2.03B | $2.43B | $2.12B | $2.27B | $2.67B | $1.62B |
| Income Tax Expense | $1.37B | $474.0M | $555.0M | $698.0M | $531.0M | $533.0M | $725.0M | $477.0M |
| Net Income | $994.0M | $1.46B | $1.47B | $1.74B | $1.59B | $1.74B | $1.95B | $1.04B |
| Net Margin | 4.9% | 8.3% | 7.7% | 9.0% | 9.2% | 10.0% | 10.8% | 7.9% |
| EPS (Basic) | $5.99 | $8.25 | $7.86 | $9.04 | $7.93 | $8.69 | $9.58 | $5.29 |
| EPS (Diluted) | $5.97 | $8.23 | $7.84 | $9.02 | $7.91 | $8.67 | $9.55 | $5.28 |
| Shares Outstanding (Basic) | 166.7M | 169.0M | 178.0M | 182.6M | 187.0M | 189.3M | 193.0M | 196.7M |
| Shares Outstanding (Diluted) | 167.3M | 169.3M | 178.4M | 183.1M | 187.4M | 189.7M | 193.6M | 197.1M |
| Dividends Per Share | $4.21 | — | — | — | — | — | — | — |