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GuruFocus has detected 7 Warning Signs with Cummins Inc $CMI.
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Cummins Inc (NYSE:CMI)
Non-Recurring Items
$58 Mil (TTM As of Mar. 2017)

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 Mar. 2017 was $18 Mil. Its non-recurring items for the trailing twelve months (TTM) ended in Mar. 2017 was $58 Mil.

As of today, Cummins Inc's share price is $156.64. Cummins Inc's earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Mar. 2017 was $8.72. Therefore, Cummins Inc's P/E (NRI) ratio for today is 17.96.


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 Mar. 2017 was 18 (Jun. 2016 ) + 8 (Sep. 2016 ) + 14 (Dec. 2016 ) + 18 (Mar. 2017 ) = $58 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 $156.64.
Cummins Inc's Earnings per Share (NRI) for the trailing twelve months (TTM) ended in Mar. 2017 was 2.4 (Jun. 2016 ) + 1.72 (Sep. 2016 ) + 2.24 (Dec. 2016 ) + 2.36 (Mar. 2017 ) = $8.72.

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

Cummins Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Non Operating Income 33-70-153402432110948

Cummins Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
Non Operating Income 429-811-381881418
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