3M Company (MMM) financial statements (2020 and earlier)

Company profile

Business Address 3M CENTER
ST PAUL, MN 55144-1000
State of Incorp. DE
Fiscal Year End December 31
SIC 3841 - Surgical and Medical Instruments and Apparatus (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1073931,0762,6781,9162,5233,337
Cash and cash equivalents913 2,3981,7981,8972,581
Short-term investments983801,076280118626756
Receivables4,7915,0204,9114,3924,1544,2384,253
Inventory, net of allowances, customer advances and progress billings4,1344,3664,0343,3853,5183,7063,864
Inventory4,1344,3664,0343,3853,5183,7063,864
Prepaid expense704741937    
Derivative instruments and hedges, assets     18276
Other current assets8913492661,2711,3981,2981,279
Other undisclosed current assets2,3442,8403,053  (182)(76)
Total current assets:12,97113,70914,27711,72610,98611,76512,733
Noncurrent Assets
Operating lease, right-of-use asset858✕✕✕✕✕✕
Property, plant and equipment9,3338,7388,8668,5168,5158,4898,652
Long-term investments and receivables   145117102122
Long-term investments   145117102122
Intangible assets, net (including goodwill)19,82312,70813,44911,48611,8508,4859,033
Goodwill13,44410,05110,5139,1669,2497,0507,345
Intangible assets, net (excluding goodwill)6,3792,6572,9362,3202,6011,4351,688
Other noncurrent assets1,6741,3451,3959811,0531,554980
Defined benefit plan, assets for plan benefits✕✕✕5218846577
Other undisclosed noncurrent assets    98281,453
Total noncurrent assets:31,68822,79123,71021,18021,73219,50420,817
TOTAL ASSETS:44,65936,50037,98732,90632,71831,26933,550
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,1243,2583,1252,7752,6704,3563,012
Accounts payable2,2282,2661,9451,7981,6941,8071,799
Accrued liabilities     644 
Employee-related liabilities702749870678644732708
Taxes payable194243310299332525505
Interest and dividends payable     648 
Debt2,7951,2111,8539722,0441061,683
Derivative instruments and hedges, liabilities     39103
Deferred revenue and credits✕✕   541521
Deferred tax liabilities✕    3437
Other liabilities3,0562,7752,7092,4722,4042,9182,891
Other undisclosed current liabilities247    (1,996)(749)
Total current liabilities:9,2227,2447,6876,2197,1185,9987,498
Noncurrent Liabilities
Long-term debt and lease obligation18,12513,41112,09610,6788,7536,7904,384
Long-term debt, excluding current maturities17,51813,41112,09610,6788,7536,7314,326
Capital lease obligations✕    5958
Operating lease, liability607✕✕✕✕✕✕
Liabilities, other than long-term debt7,1865,9976,5825,6665,1006,0794,807
Deferred revenue and credits✕✕   2119
Pension and other postretirement defined benefit plans, liabilities✕✕✕✕✕✕1,794
Accounts payable and accrued liabilities     519 
Accrued income taxes✕✕✕✕✕✕472
Deferred tax liabilities, net✕    141538
Liability, pension and other postretirement and postemployment benefits3,9112,9873,6204,0183,5203,843✕
Other liabilities3,2753,0102,9621,6481,5801,5551,984
Other undisclosed noncurrent liabilities     (740)(1,087)
Total noncurrent liabilities:25,31119,40818,67816,34413,85312,1298,104
Total liabilities:34,53326,65226,36522,56320,97118,12715,602
Stockholders' equity
Stockholders' equity attributable to parent10,0639,79611,56310,29811,70813,10917,502
Common stock9999999
Treasury stock, value(29,849)(29,626)(25,887)(25,434)(23,308)(19,307)(15,385)
Additional paid in capital5,9075,6435,3525,0614,7914,3794,375
Accumulated other comprehensive loss(8,139)(6,866)(7,026)(7,245)(6,359)(6,289)(3,913)
Retained earnings42,13540,63639,11537,90736,57534,31732,416
Stockholders' equity attributable to noncontrolling interest635259453933446
Total stockholders' equity:10,1269,84811,62210,34311,74713,14217,948
TOTAL LIABILITIES AND EQUITY:44,65936,50037,98732,90632,71831,26933,550

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues32,13632,76531,65730,10930,27431,82130,871
Revenue, net✕✕31,65730,10930,27431,82130,871
Cost of revenue(17,136)(16,682)(16,001)(15,040)(15,383)(16,447)(16,106)
Gross profit:15,00016,08315,65615,06914,89115,37414,765
Operating expenses(6,915)(7,055)(5,986)(6,111)(6,182)(7,890)(7,770)
Other undisclosed operating loss(1,911)(1,821)(1,850)(1,735)(1,763)(349)(329)
Operating income:6,1747,2077,8207,2236,9467,1356,666
Nonoperating expense(462)(207)(272)(170)(123)(109)(104)
Investment income, nonoperating(162)  29   
Foreign currency transaction loss, before tax (92)(152)    
Other nonoperating income    263341
Interest and debt expense(448)(350)(322)(199)(149)(142)(145)
Income from continuing operations before equity method investments, income taxes:5,2646,6507,2266,8546,6746,8846,417
Other undisclosed income from continuing operations before income taxes448350322199149142145
Income from continuing operations before income taxes:5,7127,0007,5487,0536,8237,0266,562
Income tax expense(1,130)(1,637)(2,679)(1,995)(1,982)(2,028)(1,841)
Net income:4,5825,3634,8695,0584,8414,9984,721
Net loss attributable to noncontrolling interest(12)(14)(11)(8)(8)(42)(62)
Net income available to common stockholders, diluted:4,5705,3494,8585,0504,8334,9564,659

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:4,5825,3634,8695,0584,8414,9984,721
Other comprehensive income (loss)(421)153222(888)(72)(2,395)755
Comprehensive income:4,1615,5165,0914,1704,7692,6035,476
Comprehensive loss, net of tax, attributable to noncontrolling interest(11)(8)(14)(6)(6)(48)(20)
Other undisclosed comprehensive income, net of tax, attributable to parent      40
Comprehensive income, net of tax, attributable to parent:4,1505,5085,0774,1644,7632,5555,496

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: