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Cummins Inc (NYSE:CMI)
Non-Recurring Items
$75 Mil (TTM As of Sep. 2014)

Non-Recurring Items are the incomes received or expenses incurred by the business that are not from regular operations. Cummins Inc's non-recurring items for the three months ended in Sep. 2014 was $19 Mil. Its non-recurring items for the trailing twelve months (TTM) ended in Sep. 2014 was $75 Mil.

As of today, Cummins Inc's share price is $143.39. Cummins Inc's earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Sep. 2014 was $8.90. Therefore, Cummins Inc's P/E (NRI) ratio for today is 16.11.


Definition

Non-Recurring Items are the incomes received or expenses incurred by the business that are not from regular operations. Examples of NRI include gains (losses) from plant shutdown, lease-breaking fees, lawsuit, write-offs, write-downs, restructuring costs or sales of an investment, discontinued operations etc.

NRI can impact a company’s reported income drastically.

Cummins Inc Non-Recurring Items for the trailing twelve months (TTM) ended in Sep. 2014 was 7 (Dec. 2013 ) + 10 (Mar. 2014 ) + 39 (Jun. 2014 ) + 19 (Sep. 2014 ) = $75 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

GuruFocus lists a P/E (NRI), which is the price/earnings before NRI. We believe it more accurately reflects the valuation of the company.

Cummins Inc's P/E (NRI) Ratio for today is calculated as

Cummins Inc's Share Price of today is $143.39.
Cummins Inc's Earnings per Share (NRI) for the trailing twelve months (TTM) ended in Sep. 2014 was 2.32 (Dec. 2013 ) + 1.83 (Mar. 2014 ) + 2.43 (Jun. 2014 ) + 2.32 (Sep. 2014 ) = $8.90.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Net Income, P/E (NRI)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Cummins Inc Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Non Operating Income 121120141260-70-153402432

Cummins Inc Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
Non Operating Income 14-21018167103919
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