Cummins Inc.
Income Statement
| Line Item | FY2009 | FY2008 | FY2007 |
|---|---|---|---|
| Revenue | $10.80B | $14.34B | $13.05B |
| Cost of Revenue | $8.63B | $11.40B | $10.49B |
| Gross Profit | $2.17B | $2.94B | $2.56B |
| Gross Margin | 20.1% | 20.5% | 19.6% |
| Operating Expenses | |||
| Research & Development | $362.0M | $422.0M | $329.0M |
| SG&A Expense | $1.24B | $1.45B | $1.30B |
| Operating Income | $682.0M | $1.27B | $1.16B |
| Operating Margin | 6.3% | 8.9% | 8.9% |
| Interest Expense | $35.0M | $42.0M | $58.0M |
| Pretax Income | $640.0M | — | — |
| Income Tax Expense | $156.0M | $360.0M | $381.0M |
| Net Income | $428.0M | $755.0M | $739.0M |
| Net Margin | 4.0% | 5.3% | 5.7% |
| EPS (Basic) | $2.17 | $3.87 | $3.72 |
| EPS (Diluted) | $2.16 | $3.84 | $3.70 |
| Shares Outstanding (Basic) | 197.4M | 195.0M | — |
| Shares Outstanding (Diluted) | 197.7M | 196.5M | — |
| Dividends Per Share | — | — | — |