Cummins Inc.

Financial Reporting and Analysis

Course project

Cummins Inc.

About the company:

Cummins Inc. was founded in 1919 as a corporation in Columbus, Indiana, as one of the first diesel engine manufacturers. Cummins Inc. is a global power leader that designs, manufactures, distributes and services diesel and natural gas engines and engine-related component products, including filtration, after treatment, turbochargers, fuel systems, controls systems, air handling systems and electric power generation systems. Cummins Inc. sells products to original equipment manufacturers, distributors and other customers worldwide. Cummins Inc. serve our customers through a network of approximately 600 company- owned and independent distributor locations and approximately 6,500 dealer locations in more than 190 countries and territories. Cummins is a US Fortune 500 company and one of the 2006 Fortune Magazine's "America's Most Admired Companies." PACCAR is largest customer for Cummins Inc. , accounting for approximately 13 percent of our consolidated net sales in 2012 and 2013. Cummins also pay attention to the environmental, Cummins working with customers to improve fuel economy, reduce their carbon footprint and conserving other resources. For example, in the past four years, the intensity of the water company-wide reduction of approximately 45%, company-wide garbage waste by approximately 28%, all standardized total working hours.

I will analysis 2012 and 2013 annual report 10k form of Cummins Inc. to analyze business environment and financial statements of this publicly held company.

Key Financial Analysis

From Cummins Inc. 2012 and 2013 annual report about net income, attributable to Cummins Inc. 2013 year was $ 1.483 billion, or $ 7.91 diluted earnings per share, on sales of $ 17.3 billion, compared with 2012 net profit of $ 1.645 billion Cummins Inc., or diluted earnings per share of $ 8.67 on sales of $ 17.3 billion. Reducing income and earnings per share...