SEC Filings


10-K
CUMMINS INC filed this Form 10-K on 02/11/2019
Entire Document
 

Summarized financial information regarding our reportable operating segments at December 31, is shown in the table below:
In millions
 
Engine
 
Distribution
 
Components (1)
 
Power Systems
 
Electrified Power
 
Total Segments
 
Intersegment Eliminations (2)
 
Total
2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
External sales
 
$
8,002

 
$
7,807

 
$
5,331

 
$
2,625

 
$
6

 
$
23,771

 
$

 
$
23,771

Intersegment sales
 
2,564

 
21

 
1,835

 
2,001

 
1

 
6,422

 
(6,422
)
 

Total sales
 
10,566

 
7,828

 
7,166

 
4,626

 
7

 
30,193

 
(6,422
)
 
23,771

Research, development and engineering expenses
 
311

 
20

 
272

 
230

 
69

 
902

 

 
902

Equity, royalty and interest income from investees
 
238

 
46

 
54

 
56

 

 
394

 

 
394

Interest income
 
11

 
13

 
5

 
6

 

 
35

 

 
35

Segment EBITDA
 
1,446

 
563

 
1,030

 
614

 
(90
)
 
3,563

 
(87
)
 
3,476

Depreciation and amortization (3)
 
190

 
109

 
185

 
119

 
6

 
609

 

 
609

Net assets (4)
 
1,265

 
2,677

 
2,878

 
2,262

 
138

 
9,220

 

 
9,220

Investments and advances to equity investees
 
561

 
278

 
206

 
177

 

 
1,222

 

 
1,222

Capital expenditures
 
254

 
133

 
182

 
129

 
11

 
709

 

 
709

2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
External sales
 
$
6,661

 
$
7,029

 
$
4,363

 
$
2,375

 
$

 
$
20,428

 
$

 
$
20,428

Intersegment sales
 
2,292

 
29

 
1,526

 
1,683

 

 
5,530

 
(5,530
)
 

Total sales
 
8,953

 
7,058

 
5,889

 
4,058

 

 
25,958

 
(5,530
)
 
20,428

Research, development and engineering expenses
 
280

 
19

 
241

 
214

 

 
754

 

 
754

Equity, royalty and interest income from investees (5)
 
219

 
44

 
40

 
54

 

 
357

 

 
357

Interest income
 
6

 
6

 
3

 
3

 

 
18

 

 
18

Loss contingency (6)
 
5

 

 

 

 

 
5

 

 
5

Segment EBITDA
 
1,143

 
500

 
917

 
411

 

 
2,971

 
55

 
3,026

Depreciation and amortization (3)
 
184

 
116

 
163

 
117

 

 
580

 

 
580

Net assets (4)
 
1,180

 
2,446

 
2,811

 
2,137

 

 
8,574

 

 
8,574

Investments and advances to equity investees
 
531

 
267

 
194

 
164

 

 
1,156

 

 
1,156

Capital expenditures
 
188

 
101

 
127

 
90

 

 
506

 

 
506


(Table continued on next page)

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