SEC Filings


8-K
CUMMINS INC filed this Form 8-K on 02/06/2018
Entire Document
 
CUMMINS INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited) (a)


 
 
Years ended December 31,
In millions
 
2017
 
2016
NET CASH PROVIDED BY OPERATING ACTIVITIES
 
$
2,277

 
$
1,939

 
 
 
 
 
CASH FLOWS FROM INVESTING ACTIVITIES
 
 
 
 
Capital expenditures
 
(506
)
 
(531
)
Investments in internal use software
 
(81
)
 
(63
)
Proceeds from disposals of property, plant and equipment
 
110

 
14

Investments in and advances to equity investees
 
(66
)
 
(41
)
Acquisitions of businesses, net of cash acquired
 
(662
)
 
(94
)
Investments in marketable securities—acquisitions
 
(194
)
 
(478
)
Investments in marketable securities—liquidations
 
266

 
306

Proceeds from sale of equity investees
 

 
60

Cash flows from derivatives not designated as hedges
 
76

 
(102
)
Other, net
 
5

 
12

Net cash used in investing activities
 
(1,052
)
 
(917
)
 
 
 
 
 
CASH FLOWS FROM FINANCING ACTIVITIES
 
 
 
 
Proceeds from borrowings
 
6

 
111

Net borrowings of commercial paper
 
86

 
212

Payments on borrowings and capital lease obligations
 
(60
)
 
(163
)
Net borrowings under short-term credit agreements
 
12

 
19

Distributions to noncontrolling interests
 
(29
)
 
(65
)
Dividend payments on common stock
 
(701
)
 
(676
)
Repurchases of common stock
 
(451
)
 
(778
)
Acquisitions of noncontrolling interests
 

 
(98
)
Other, net
 
63

 
25

Net cash used in financing activities
 
(1,074
)
 
(1,413
)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS
 
98

 
(200
)
Net increase (decrease) in cash and cash equivalents
 
249

 
(591
)
Cash and cash equivalents at beginning of year
 
1,120

 
1,711

CASH AND CASH EQUIVALENTS AT END OF PERIOD
 
$
1,369

 
$
1,120

 
 
 
 
 
(a)  Prepared on an unaudited basis in accordance with accounting principles generally accepted in the United States of America.

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