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Cummins cash flow statement

In fiscal 2025, Cummins's operations generated $3.62bn of cash; it spent $1.24bn on capital projects, leaving free cash flow of $2.39bn. It returned $1.05bn in dividends.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash from operations1,1371,0062,0731,5322,0892,2662,0651,9392,2772,3783,1812,7222,2561,9623,9661,4873,6214,647
Depreciation and amortisation3263203253614074555145305836116726736627841,0241,0651,1051,120
Stock-based pay20224236373624324153493137337910093—
Capital spending3103646226906767437445315067097005287349161,2131,2081,2351,280
Free cash flow8276421,4518421,4131,5231,3211,4081,7711,6692,4812,1941,5221,0462,7532792,3863,367
Free cash flow after stock pay8076201,4098061,3761,4871,2971,3761,7301,6162,4322,1631,4851,0132,6741792,293—
Dividends paid1411722553404205126226767017187617828098559219691,0551,105
Share buybacks202416292563816709007784511,1401,2716411,40237400——
Shares issued7258———————13768856—————

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Cummins's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Cummins.