Stock Analysis on Net

Cummins Inc. (NYSE:CMI)

This company has been moved to the archive! The financial data has not been updated since May 2, 2024.

Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Cummins Inc., consolidated balance sheet: assets

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Cash and cash equivalents 2,179 2,101 2,592 3,401 1,129
Marketable securities 562 472 595 461 341
Cash, cash equivalents and marketable securities 2,741 2,573 3,187 3,862 1,470
Accounts and notes receivable, net 5,583 5,202 3,990 3,820 3,670
Inventories 5,677 5,603 4,355 3,425 3,486
Prepaid expenses and other current assets 1,197 1,073 777 790 761
Current assets 15,198 14,451 12,309 11,897 9,387
Property, plant and equipment, net 6,249 5,521 4,422 4,255 4,245
Investments and advances related to equity method investees 1,800 1,759 1,538 1,441 1,237
Goodwill 2,499 2,343 1,287 1,293 1,286
Other intangible assets, net 2,519 2,687 900 963 1,003
Pension assets 1,197 1,398 1,488 1,042 1,001
Deferred income taxes 1,082 625 428 479 441
Operating lease assets 501 492 444 438 496
Corporate owned life insurance 417 390 492 508 464
Other 543 633 402 308 177
Other assets 2,543 2,140 1,766 1,733 1,578
Long-term assets 16,807 15,848 11,401 10,727 10,350
Total assets 32,005 30,299 23,710 22,624 19,737

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Cummins Inc. current assets increased from 2021 to 2022 and from 2022 to 2023.
Property, plant and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Cummins Inc. property, plant and equipment, net increased from 2021 to 2022 and from 2022 to 2023.
Long-term assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Cummins Inc. long-term assets increased from 2021 to 2022 and from 2022 to 2023.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Cummins Inc. total assets increased from 2021 to 2022 and from 2022 to 2023.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Cummins Inc. cash and cash equivalents decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.
Marketable securities Amount of investment in marketable security, classified as current. Cummins Inc. marketable securities decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.
Accounts and notes receivable, net The aggregate of amounts due from customers or clients, within one year of the balance sheet date (or one operating cycle, if longer), for goods or services that have been delivered or sold in the normal course of business and an amount representing an agreement for an unconditional promise by the maker to pay the entity (holder) a definite sum of money at a future date within one year of the balance sheet, reduced to their estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection and net of any write-downs taken for collection uncertainty on the part of the holder, respectively. Cummins Inc. accounts and notes receivable, net increased from 2021 to 2022 and from 2022 to 2023.
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Cummins Inc. inventories increased from 2021 to 2022 and from 2022 to 2023.