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: Geography. 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

UNITED STATES

4,750,000,000 US dollars

CHINA

779,000,000 US dollars

INDIA

426,000,000 US dollars

Non-US

2,219,000,000 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

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.
• Of which attributable to CUMMINS INC.: $824.00 M; to noncontrolling interests: $26.00 M.