CMI · 10-Q · 2026Q3 · Full report
Operating Cash Flow Trends
CUMMINS INC · 2026-11-05 · Importance 69 · Surprise 64 · Matches filing data
Net cash provided by operating activities rose $1.126 billion to $3.213 billion in the nine months ended September 30, 2026, from $2.087 billion in the comparable 2025 period. Lower working capital requirements improved cash flow by $926 million: working-capital cash outflow was $480 million versus $1.406 billion a year earlier. Favorable changes in accounts payable and accrued expenses drove the improvement, partly offset by unfavorable changes in inventory and accounts and notes receivable.
Key facts
- Net cash provided by operating activities was $3,213 million for the nine months ended September 30, 2026, an increase of $1,126 million from the comparable 2025 period. source
- Cummins generated $3.2 billion of cash from operations for the nine months ended September 30, 2026, compared with $2.1 billion in the comparable 2025 period. source
- Lower working capital requirements resulted in a cash outflow of $480 million for the nine months ended September 30, 2026, compared with $1,406 million in the comparable 2025 period. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | +3.1% | Net cash provided by operating activities was $3,213 million for the nine months ended September 30, 2026, an increase of $1,126 million… |