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GuruFocus has detected 6 Warning Signs with Cummins Inc $CMI.
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Cummins Inc (NYSE:CMI)
Pretax Income
$1,930 Mil (TTM As of Dec. 2016)

Pretax income is the income that a company earns before paying income taxes. Cummins Inc's pretax income for the three months ended in Dec. 2016 was $508 Mil. Its pretax income for the trailing twelve months (TTM) ended in Dec. 2016 was $1,930 Mil. Cummins Inc's pretax margin was 11.28%.

During the past 13 years, Cummins Inc's highest Pretax Margin was 14.80%. The lowest was 5.93%. And the median was 11.63%.


Definition

This is the income that a company earns before paying income taxes.

Cummins Inc's Pretax Income for the fiscal year that ended in Dec. 2016 is calculated as

Pretax Income=Operating Income+Non-Recurring Items+Interest Expense+Interest Income+Other
=1928+48+-69+23+0
=1,930

Cummins Inc's Pretax Income for the quarter that ended in Dec. 2016 is calculated as

Pretax Income=Operating Income+Non-Recurring Items+Interest Expense+Interest Income+Other
=507+14+-18+5+0
=508

Cummins Inc Pre-Tax Income for the trailing twelve months (TTM) ended in Dec. 2016 was 465 (Mar. 2016 ) + 575 (Jun. 2016 ) + 382 (Sep. 2016 ) + 508 (Dec. 2016 ) = $1,930 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

Cummins Inc's Pretax Margin for the quarter that ended in Dec. 2016 is calculated as

Pretax Margin=Pretax Income/Revenue
=508/4503
=11.28%

During the past 13 years, Cummins Inc's highest Pretax Margin was 14.80%. The lowest was 5.93%. And the median was 11.63%.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Operating Income, Interest Expense, Interest Income, Non-Recurring Items, Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Cummins Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Pretax Income 1,1691,1786401,6172,6712,2712,1192,4342,0251,930

Cummins Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
Pretax Income 669612548704561212465575382508
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