Stock Analysis on Net
Stock Analysis on Net

Cummins Inc. (NYSE:CMI)

$22.49

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

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

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Cummins Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Accounts payable, principally trade
Loans payable
Commercial paper
Current maturities of long-term debt
Accrued compensation, benefits and retirement costs
Current portion of accrued product warranty
Current portion of deferred revenue
Agreement in Principle
Marketing accruals
Other taxes payable
Income taxes payable
Current portion of operating lease liabilities
Other
Other accrued expenses
Current liabilities
Long-term debt
Deferred revenue
Accrued product warranty
Pensions
Deferred income taxes
Long-term portion of operating lease liabilities
Accrued compensation
Other postretirement benefits
Mark-to-market valuation on interest rate derivatives
Long-term income taxes
Other long-term liabilities
Other liabilities
Long-term liabilities
Total liabilities
Redeemable noncontrolling interests
Common stock, $2.50 par value
Retained earnings
Treasury stock, at cost
Common stock held by employee benefits trust, at cost
Accumulated other comprehensive loss
Total Cummins Inc. shareholders’ equity
Noncontrolling interests
Total equity
Total liabilities, redeemable noncontrolling interests and equity

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).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Cummins Inc. current liabilities as a percentage of total liabilities, redeemable noncontrolling interests and equity increased from 2021 to 2022 and from 2022 to 2023.
Long-term liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Cummins Inc. long-term liabilities as a percentage of total liabilities, redeemable noncontrolling interests and equity decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Cummins Inc. total liabilities as a percentage of total liabilities, redeemable noncontrolling interests and equity increased from 2021 to 2022 and from 2022 to 2023.
Total Cummins Inc. shareholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Cummins Inc. total Cummins Inc. shareholders’ equity as a percentage of total liabilities, redeemable noncontrolling interests and equity decreased from 2021 to 2022 and from 2022 to 2023.