3M Company (MMM) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4041073931,0762,6781,9162,523
Cash and cash equivalents 913 2,3981,7981,897
Short-term investments404983801,076280118626
Receivables4,7054,7915,0204,9114,3924,1544,238
Inventory, net of allowances, customer advances and progress billings4,2394,1344,3664,0343,3853,5183,706
Inventory4,2394,1344,3664,0343,3853,5183,706
Prepaid expense675704741937   
Derivative instruments and hedges, assets      182
Other current assets3258913492661,2711,3981,298
Other undisclosed current assets4,6342,3442,8403,053  (182)
Total current assets:14,98212,97113,70914,27711,72610,98611,765
Noncurrent Assets
Operating lease, right-of-use asset864858
Property, plant and equipment9,4219,3338,7388,8668,5168,5158,489
Long-term investments and receivables    145117102
Long-term investments    145117102
Intangible assets, net (including goodwill)19,63719,82312,70813,44911,48611,8508,485
Goodwill13,80213,44410,05110,5139,1669,2497,050
Intangible assets, net (excluding goodwill)5,8356,3792,6572,9362,3202,6011,435
Other noncurrent assets2,4401,6741,3451,3959811,0531,554
Defined benefit plan, assets for plan benefits5218846
Other undisclosed noncurrent assets     9828
Total noncurrent assets:32,36231,68822,79123,71021,18021,73219,504
TOTAL ASSETS:47,34444,65936,50037,98732,90632,71831,269
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,6083,1243,2583,1252,7752,6704,356
Accounts payable2,5612,2282,2661,9451,7981,6941,807
Accrued liabilities      644
Employee-related liabilities747702749870678644732
Taxes payable300194243310299332525
Interest and dividends payable      648
Debt8062,7951,2111,8539722,044106
Derivative instruments and hedges, liabilities      39
Deferred revenue and credits   541
Deferred tax liabilities    34
Other liabilities3,2783,0562,7752,7092,4722,4042,918
Other undisclosed current liabilities256247    (1,996)
Total current liabilities:7,9489,2227,2447,6876,2197,1185,998
Noncurrent Liabilities
Long-term debt and lease obligation18,59818,12513,41112,09610,6788,7536,790
Long-term debt, excluding current maturities17,98917,51813,41112,09610,6788,7536,731
Capital lease obligations    59
Operating lease, liability609607
Liabilities, other than long-term debt7,8677,1865,9976,5825,6665,1006,079
Deferred revenue and credits   21
Accounts payable and accrued liabilities      519
Deferred tax liabilities, net    141
Liability, pension and other postretirement and postemployment benefits4,4053,9112,9873,6204,0183,5203,843
Other liabilities3,4623,2753,0102,9621,6481,5801,555
Other undisclosed noncurrent liabilities      (740)
Total noncurrent liabilities:26,46525,31119,40818,67816,34413,85312,129
Total liabilities:34,41334,53326,65226,36522,56320,97118,127
Stockholders' equity
Stockholders' equity attributable to parent12,86710,0639,79611,56310,29811,70813,109
Common stock9999999
Treasury stock, value(29,404)(29,849)(29,626)(25,887)(25,434)(23,308)(19,307)
Additional paid in capital6,1625,9075,6435,3525,0614,7914,379
Accumulated other comprehensive loss(7,661)(8,139)(6,866)(7,026)(7,245)(6,359)(6,289)
Retained earnings43,76142,13540,63639,11537,90736,57534,317
Stockholders' equity attributable to noncontrolling interest64635259453933
Total stockholders' equity:12,93110,1269,84811,62210,34311,74713,142
TOTAL LIABILITIES AND EQUITY:47,34444,65936,50037,98732,90632,71831,269

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues32,18432,13632,76531,65730,10930,27431,821
Revenue, net31,65730,10930,27431,821
Cost of revenue(16,605)(17,136)(16,682)(16,001)(15,040)(15,383)(16,447)
Gross profit:15,57915,00016,08315,65615,06914,89115,374
Operating expenses(6,540)(6,915)(7,055)(5,986)(6,111)(6,182)(7,890)
Other undisclosed operating loss(1,878)(1,911)(1,821)(1,850)(1,735)(1,763)(349)
Operating income:7,1616,1747,2077,8207,2236,9467,135
Nonoperating expense(450)(462)(207)(272)(170)(123)(109)
Investment income, nonoperating (162)  29  
Foreign currency transaction loss, before tax(21) (92)(152)   
Other nonoperating income     2633
Interest and debt expense(10)(448)(350)(322)(199)(149)(142)
Other undisclosed income from continuing operations before equity method investments, income taxes10      
Income from continuing operations before equity method investments, income taxes:6,7115,2646,6507,2266,8546,6746,884
Other undisclosed income from continuing operations before income taxes 448350322199149142
Income from continuing operations before income taxes:6,7115,7127,0007,5487,0536,8237,026
Income tax expense(1,318)(1,130)(1,637)(2,679)(1,995)(1,982)(2,028)
Income before gain (loss) on sale of properties:5,3934,5825,3634,8695,0584,8414,998
Other undisclosed net loss(5)      
Net income:5,3884,5825,3634,8695,0584,8414,998
Net loss attributable to noncontrolling interest(4)(12)(14)(11)(8)(8)(42)
Net income available to common stockholders, diluted:5,3844,5705,3494,8585,0504,8334,956

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:5,3884,5825,3634,8695,0584,8414,998
Other comprehensive income (loss)476(421)153222(888)(72)(2,395)
Comprehensive income:5,8644,1615,5165,0914,1704,7692,603
Comprehensive loss, net of tax, attributable to noncontrolling interest(2)(11)(8)(14)(6)(6)(48)
Comprehensive income, net of tax, attributable to parent:5,8624,1505,5085,0774,1644,7632,555

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.

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