CUMMINS INC. (CMI) FY2025 Q1 P&L / Income Statement

CUMMINS INC. (CMI) FY2025 Q1 P&L / Income Statement

Income statement for 2025-01-01 through 2025-03-31. View: Segments by Geographical. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

NET SALES (Notes 1 and 2)

8,174,000,000 US dollars

Cost of sales

6,019,000,000 US dollars

GROSS MARGIN

2,155,000,000 US dollars

Operating costs, net of other operating items (calculated)

1,021,000,000 US dollars

OPERATING INCOME

1,134,000,000 US dollars

Other income (expense), net (calculated)

negative 17,000,000 US dollars

INCOME BEFORE INCOME TAXES

1,117,000,000 US dollars

Income tax expense (Note 5)

267,000,000 US dollars

CONSOLIDATED NET INCOME

850,000,000 US dollars

Accelera

103,000,000 US dollars

Components

2,670,000,000 US dollars

Engine

2,771,000,000 US dollars

Power Systems

1,649,000,000 US dollars

Total Segments

10,100,000,000 US dollars

Distribution - CHINA

113,000,000 US dollars

Distribution - INDIA

72,000,000 US dollars

Distribution - Africa

59,000,000 US dollars

Distribution - Asia Pacific

240,000,000 US dollars

Distribution - Europe

269,000,000 US dollars

Distribution - Latin America

50,000,000 US dollars

Distribution - North America

2,099,000,000 US dollars

Selling, general and administrative expenses

771,000,000 US dollars

Research, development and engineering expenses

344,000,000 US dollars

Equity, royalty and interest income from investees (Note 4)

negative 131,000,000 US dollars

Other operating expense, net

37,000,000 US dollars

Revenue before reconciliation (calculated)

20,195,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.

Components above reported revenue (calculated)

negative 12,021,000,000 US dollars. The disclosed components add up to more than reported revenue; this is the difference, calculated, not a reported item.

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
• Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.
• Of which attributable to CUMMINS INC.: $824.00 M; to noncontrolling interests: $26.00 M.