Cummins Inc.

NYSE-CMI

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Operating Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Net Income	559	928	850	445	843	752
Consolidated Net Income
Depreciation & Amortization	277	279	269	271	266	263
Depreciation and Amortization
Stock Based Compensation	—	—	—	—	—	—
Share-Based Compensation Expense
Other Adjustments	528	-56	-141	-89	40	-21
Impact of Tax Legislation, Net
Gain Related to Divestiture of Atmus
Gains on Fair Value Adjustment for Consolidated Investees
Deferred Income Taxes
Equity in Income of Investees, Net of Dividends
Pension Contributions in Excess of Expense
Other Post-Retirement Benefits Payments in Excess of Expense
Other Post Retirement Benefit Payments in Excess of Expense
Other Post Retirement Benefits Payments in Excess of Expense
Other Post Retirement Benefits Payments in Excess of Expense, Net
Other Postretirement Benefits Payments in Excess of Expense, Net
Pension and OPEB Expense
Pension Contributions and OPEB Payments
Loss Contingency Charges, Net of Payments
Restructuring Actions, Net of Cash Payments
Russian Suspension Costs, Net of Recoveries
Asset Impairments and Other Charges
Restructuring Payments
Gain on Corporate Owned Life Insurance
Foreign Currency Remeasurement and Transaction Exposure
Other, Net
Changes in Trade Receivables	354	-372	-457	189	270	-300
Accounts and Notes Receivable
Accounts and Notes Receivable
Changes in Inventories	-20	-210	-331	324	-257	-230
Inventories
Inventories
Changes in Accounts Payable	-590	-364	330	-210	-236	-128
Accounts Payable
Accounts Payable
Changes in Accrued Expenses	86	486	-487	427	-67	-3,080
Accrued Expenses
Accrued Expenses
Changes in Other Operating Activities	52	-272	-36	65	-219	48
Other Current Assets
Changes in Other Liabilities
Other Current Assets
Cash from Operating Activities	1,305	785	-3	1,422	640	-851
Net Cash Provided by Operating Activities

Investing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Capital Expenditure	-298	-231	-162	-540	-259	-240
Capital Expenditures
Proceeds from Sale of Property, Plant & Equipment	—	—	—	—	—	—
Proceeds from Disposals of Property, Plant and Equipment
Purchases of Intangible Assets	—	—	—	—	—	—
Investments in Internal Use Software
Purchases of Investments	-350	-326	-457	-438	-349	-334
Investments in Marketable Securities-Acquisitions
Proceeds from Sale of Investments	495	204	432	347	428	254
Investments in Marketable Securities-Liquidations
Payments for Business Acquisitions	—	—	-12	—	—	1
Acquisition of Businesses, Net of Cash Acquired
Proceeds from Business Divestments	—	—	—	—	—	—
Proceeds from Sale of Businesses, Net of Cash Sold
Other Investing Activities	-78	-16	-47	-82	-83	-81
Investments in and Net Advances to Equity Investees
Cash Flows from Derivatives Not Designated as Hedges
Cash Associated with Atmus Divestiture
Other, Net
Cash from Investing Activities	-231	-369	-246	-713	-263	-400
Net Cash Provided by Investing Activities

Financing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Issuance of Long-Term Debt	86	2,094	52	97	141	84
Proceeds from Borrowings
Repayments of Long-Term Debt	-617	-66	-144	-182	-163	-475
Payments on Borrowings and Finance Lease Obligations
Net Issuance / (Repayments) of Long-Term Debt	-531	2,028	-92	-85	-22	-391
Issuance of Common Shares	—	—	—	—	—	—
Proceeds from Issuing Common Stock
Repurchases of Common Shares	—	—	—	—	—	—
Repurchases of Common Stock
Net Issuance / (Repurchases) of Common Shares	—	—	—	—	—	—
Common Share Dividends Paid	-276	-251	-251	-250	-250	-230
Dividend Payments on Common Stock
Other Financing Activities	-20	-1,445	435	-779	4	929
Net Payments of Commercial Paper
Net Borrowings of Commercial Paper
Net (Payments) Borrowings Under Short-Term Credit Agreements
Net Borrowings Under Short-Term Credit Agreements
Distributions to Noncontrolling Interests
Acquisitions of Noncontrolling Interests
Payments for Purchase of Redeemable Noncontrolling Interests
Other, Net
Cash from Financing Activities	-827	332	92	-737	-243	308
Net Cash Provided by Financing Activities

Free Cash Flow	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Free Cash Flow	1,007	554	-165	882	381	-1,091
NOPAT	573.8	928.8	862.9	492.1	848.7	804.3
Levered Free Cash Flow	-488	2,606	315	670	15	-3,032
Unlevered Free Cash Flow	80.8	616.8	445.9	829.1	76.7	-2,562.7
Net Change in Cash	247	748	-157	-28	134	-943