Stock Analysis on Net

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

Balance Sheet: Liabilities and Stockholders’ Equity 
Quarterly Data

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Cummins Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

Microsoft Excel
Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Oct 3, 2021 Jul 4, 2021 Apr 4, 2021 Dec 31, 2020 Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 31, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019
Accounts payable, principally trade 4,476 4,260 4,262 4,308 4,636 4,252 4,000 3,405 3,497 3,021 3,210 3,172 3,279 2,820 2,597 2,281 2,648 2,534 2,830 2,991 3,018
Loans payable 342 280 231 419 229 210 217 165 243 208 85 54 93 169 129 109 121 100 103 119 70
Commercial paper 609 1,496 1,710 1,617 2,545 2,574 2,393 705 311 313 200 200 317 323 316 2,027 1,617 660 902 434 709
Current maturities of long-term debt 113 118 573 575 569 573 55 65 69 59 55 57 61 62 58 66 33 31 37 46 37
Accrued compensation, benefits and retirement costs 561 1,108 884 721 510 617 575 443 411 683 626 569 393 484 433 309 322 560 494 465 364
Current portion of accrued product warranty 652 667 731 751 746 726 801 796 798 755 694 661 623 674 646 681 743 803 817 809 762
Current portion of deferred revenue 1,236 1,220 1,029 1,017 1,040 1,004 921 871 883 855 806 805 773 691 540 523 527 533 545 505 509
Other accrued expenses 3,697 3,754 1,706 1,637 1,648 1,465 1,568 1,221 1,300 1,190 1,185 1,086 1,121 1,112 990 920 971 1,039 997 920 958
Current liabilities 11,686 12,903 11,126 11,045 11,923 11,421 10,530 7,671 7,512 7,084 6,861 6,604 6,660 6,335 5,709 6,916 6,982 6,260 6,725 6,289 6,427
Long-term debt 5,771 4,802 4,950 5,089 4,409 4,498 5,450 3,490 3,502 3,579 3,602 3,620 3,620 3,610 3,609 1,639 1,580 1,576 1,619 1,624 1,605
Deferred revenue 1,061 966 1,011 939 937 844 867 852 877 850 836 828 828 840 837 829 837 821 769 726 697
Other liabilities 3,208 3,430 3,332 3,306 3,283 3,311 3,312 2,809 2,868 2,796 2,761 2,763 2,823 2,850 2,772 2,800 2,659 2,615 2,480 2,419 2,390
Long-term liabilities 10,040 9,198 9,293 9,334 8,629 8,653 9,629 7,151 7,247 7,225 7,199 7,211 7,271 7,300 7,218 5,268 5,076 5,012 4,868 4,769 4,692
Total liabilities 21,726 22,101 20,419 20,379 20,552 20,074 20,159 14,822 14,759 14,309 14,060 13,815 13,931 13,635 12,927 12,184 12,058 11,272 11,593 11,058 11,119
Redeemable noncontrolling interests 261 258 252
Common stock, $2.50 par value 2,557 2,564 2,558 2,532 2,230 2,243 2,214 2,423 2,411 2,427 2,412 2,405 2,393 2,404 2,385 2,353 2,335 2,346 2,322 2,307 2,273
Retained earnings 19,605 17,851 19,520 19,102 18,605 18,037 17,628 17,450 16,952 16,741 16,555 16,228 15,825 15,419 15,118 14,811 14,728 14,416 14,315 13,897 13,401
Treasury stock, at cost (10,831) (9,359) (9,369) (9,380) (9,389) (9,415) (9,449) (9,439) (9,412) (9,123) (8,974) (8,838) (8,172) (7,779) (7,696) (7,729) (7,744) (7,225) (6,784) (6,082) (6,111)
Common stock held by employee benefits trust, at cost (1) (1) (2) (3) (4) (4)
Accumulated other comprehensive loss (2,264) (2,206) (2,051) (1,917) (1,823) (1,890) (2,013) (1,696) (1,515) (1,571) (1,911) (1,929) (1,937) (1,982) (2,107) (2,242) (2,250) (2,028) (2,040) (1,840) (1,739)
Total Cummins Inc. shareholders’ equity 9,067 8,850 10,658 10,337 9,623 8,975 8,380 8,738 8,436 8,474 8,082 7,866 8,109 8,062 7,700 7,192 7,068 7,507 7,810 8,278 7,820
Noncontrolling interests 1,034 1,054 1,020 1,019 997 992 978 917 927 927 921 927 922 927 941 938 950 958 943 918 907
Total equity 10,101 9,904 11,678 11,356 10,620 9,967 9,358 9,655 9,363 9,401 9,003 8,793 9,031 8,989 8,641 8,130 8,018 8,465 8,753 9,196 8,727
Total liabilities, redeemable noncontrolling interests and equity 31,827 32,005 32,097 31,735 31,433 30,299 29,769 24,477 24,122 23,710 23,063 22,608 22,962 22,624 21,568 20,314 20,076 19,737 20,346 20,254 19,846

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-03), 10-Q (reporting date: 2021-07-04), 10-Q (reporting date: 2021-04-04), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

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 increased from Q3 2023 to Q4 2023 but then slightly decreased from Q4 2023 to Q1 2024 not reaching Q3 2023 level.
Long-term liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Cummins Inc. long-term liabilities decreased from Q3 2023 to Q4 2023 but then increased from Q4 2023 to Q1 2024 exceeding Q3 2023 level.
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 increased from Q3 2023 to Q4 2023 but then slightly decreased from Q4 2023 to Q1 2024.
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 decreased from Q3 2023 to Q4 2023 but then slightly increased from Q4 2023 to Q1 2024.