Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of 3M.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $24.57B | $32.68B | $34.23B | $35.35B | $32.18B | $32.14B | $32.77B | $31.66B | $30.11B | $30.27B |
| Cost of Revenue | $14.45B | $18.48B | $19.23B | $18.80B | $16.61B | $17.14B | $16.68B | $16.00B | $15.04B | $15.38B |
| Gross Profit | $10.13B | $14.20B | $15.00B | $16.56B | $15.58B | $15.00B | $16.08B | $15.66B | $15.07B | $14.89B |
| Gross Profit Ratio | 41.21% | 43.46% | 43.81% | 46.84% | 48.41% | 46.68% | 49.09% | 49.46% | 50.05% | 49.19% |
| Research and Development Expenses | $1.08B | $1.84B | $1.86B | $1.99B | $1.88B | $1.91B | $1.82B | $1.85B | $1.74B | $1.76B |
| General and Administrative Expenses | $- | $21.53B | $8.80B | $7.20B | $6.93B | $7.03B | $7.60B | $6.57B | $6.11B | $6.18B |
| Selling and Marketing Expenses | $- | $- | $248.00M | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $4.22B | $21.53B | $9.05B | $7.20B | $6.93B | $7.03B | $7.60B | $6.57B | $6.11B | $6.18B |
| Other Expenses | $- | $- | $-147.00M | $-165.00M | $-450.00M | $-462.00M | $-207.00M | $-272.00M | $- | $- |
| Operating Expenses | $5.31B | $23.29B | $10.91B | $9.19B | $8.81B | $8.94B | $9.42B | $8.42B | $7.85B | $7.95B |
| Cost and Expenses | $19.75B | $41.66B | $30.14B | $27.99B | $25.41B | $26.08B | $26.11B | $24.42B | $22.89B | $23.33B |
| Interest Income | $- | $253.00M | $67.00M | $26.00M | $29.00M | $80.00M | $70.00M | $50.00M | $29.00M | $26.00M |
| Interest Expense | $- | $942.00M | $462.00M | $488.00M | $529.00M | $448.00M | $350.00M | $322.00M | $199.00M | $149.00M |
| Depreciation and Amortization | $3.00M | $1.99B | $1.83B | $1.92B | $1.91B | $1.59B | $1.49B | $1.54B | $1.47B | $1.44B |
| EBITDA | $4.82B | $-6.75B | $8.72B | $9.58B | $9.26B | $7.74B | $8.73B | $9.18B | $8.73B | $8.49B |
| EBITDA Ratio | 19.62% | -20.65% | 25.48% | 27.09% | 28.77% | 24.07% | 26.64% | 28.99% | 29.01% | 28.03% |
| Operating Income | $4.82B | $-9.13B | $6.54B | $5.45B | $4.47B | $4.35B | $7.21B | $7.82B | $7.22B | $6.95B |
| Operating Income Ratio | 19.62% | -27.93% | 19.10% | 15.43% | 13.90% | 13.55% | 22.00% | 24.70% | 23.99% | 22.94% |
| Total Other Income Expenses Net | $-3.00M | $-560.00M | $-147.00M | $-550.00M | $-366.00M | $-462.00M | $-207.00M | $-272.00M | $-170.00M | $-123.00M |
| Income Before Tax | $4.82B | $-9.69B | $6.39B | $7.20B | $6.71B | $5.71B | $7.00B | $7.55B | $7.05B | $6.82B |
| Income Before Tax Ratio | 19.61% | -29.64% | 18.67% | 20.38% | 20.85% | 17.77% | 21.36% | 23.84% | 23.42% | 22.54% |
| Income Tax Expense | $804.00M | $-2.69B | $612.00M | $1.28B | $1.32B | $1.13B | $1.64B | $2.68B | $2.00B | $1.98B |
| Net Income | $4.17B | $-7.00B | $5.78B | $5.92B | $5.45B | $4.57B | $5.35B | $4.86B | $5.05B | $4.83B |
| Net Income Ratio | 16.98% | -21.40% | 16.88% | 16.75% | 16.93% | 14.22% | 16.33% | 15.35% | 16.77% | 15.96% |
| EPS | $7.58 | $-12.63 | $10.21 | $10.23 | $9.43 | $7.92 | $9.09 | $8.13 | $8.35 | $7.73 |
| EPS Diluted | $7.55 | $-12.63 | $10.18 | $10.12 | $9.36 | $7.81 | $8.89 | $7.93 | $8.16 | $7.58 |
| Weighted Average Shares Outstanding | 550.80M | 553.90M | 566.00M | 579.00M | 577.60M | 577.00M | 588.50M | 597.50M | 604.70M | 625.60M |
| Weighted Average Shares Outstanding Diluted | 552.40M | 553.90M | 567.60M | 585.30M | 582.20M | 585.10M | 602.00M | 612.70M | 618.70M | 637.20M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $5.60B | $5.93B | $3.65B | $4.56B | $4.63B | $2.35B | $2.85B | $3.05B | $2.40B | $1.80B |
| Short Term Investments | $2.13B | $53.00M | $238.00M | $201.00M | $404.00M | $98.00M | $380.00M | $1.08B | $280.00M | $118.00M |
| Cash and Short Term Investments | $7.73B | $5.99B | $3.89B | $4.76B | $5.04B | $2.45B | $3.23B | $4.13B | $2.68B | $1.92B |
| Net Receivables | $3.27B | $4.75B | $4.53B | $4.66B | $4.71B | $4.79B | $5.02B | $4.91B | $4.39B | $4.15B |
| Inventory | $3.70B | $4.82B | $5.37B | $4.99B | $4.24B | $4.13B | $4.37B | $4.03B | $3.38B | $3.52B |
| Other Current Assets | $1.19B | $821.00M | $891.00M | $993.00M | $1.00B | $1.59B | $1.09B | $1.20B | $2.09B | $2.48B |
| Total Current Assets | $15.88B | $16.38B | $14.69B | $15.40B | $14.98B | $12.97B | $13.71B | $14.28B | $11.73B | $10.99B |
| Property Plant Equipment Net | $7.95B | $9.92B | $10.01B | $10.29B | $10.29B | $10.19B | $8.74B | $8.87B | $8.52B | $8.52B |
| Goodwill | $6.28B | $12.93B | $12.79B | $13.49B | $13.80B | $13.44B | $10.05B | $10.51B | $9.17B | $9.25B |
| Intangible Assets | $1.21B | $4.23B | $4.70B | $5.29B | $5.83B | $6.38B | $2.66B | $2.94B | $2.32B | $2.60B |
| Goodwill and Intangible Assets | $7.49B | $17.15B | $17.49B | $18.77B | $19.64B | $19.82B | $12.71B | $13.45B | $11.49B | $11.85B |
| Long Term Investments | $2.50B | $244.00M | $967.00M | $262.00M | $214.00M | $196.00M | $188.00M | $150.00M | $145.00M | $126.00M |
| Tax Assets | $- | $4.92B | $959.00M | $581.00M | $871.00M | $521.00M | $365.00M | $511.00M | $422.00M | $510.00M |
| Other Non-Current Assets | $6.04B | $1.97B | $2.35B | $1.76B | $1.35B | $957.00M | $792.00M | $734.00M | $611.00M | $731.00M |
| Total Non-Current Assets | $23.98B | $34.20B | $31.77B | $31.67B | $32.36B | $31.69B | $22.79B | $23.71B | $21.18B | $21.73B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $39.87B | $50.58B | $46.45B | $47.07B | $47.34B | $44.66B | $36.50B | $37.99B | $32.91B | $32.72B |
| Account Payables | $2.66B | $3.25B | $3.18B | $2.99B | $2.56B | $2.23B | $2.27B | $1.95B | $1.80B | $1.69B |
| Short Term Debt | $2.08B | $3.17B | $2.20B | $1.57B | $1.06B | $3.04B | $1.21B | $1.85B | $972.00M | $1.39B |
| Tax Payables | $- | $582.00M | $259.00M | $260.00M | $300.00M | $194.00M | $243.00M | $310.00M | $299.00M | $332.00M |
| Deferred Revenue | $15.00M | $572.00M | $538.00M | $529.00M | $498.00M | $430.00M | $617.00M | $513.00M | $551.00M | $518.00M |
| Other Current Liabilities | $6.50B | $7.73B | $3.34B | $3.68B | $3.53B | $3.33B | $2.91B | $3.07B | $2.60B | $2.53B |
| Total Current Liabilities | $11.26B | $15.30B | $9.52B | $9.04B | $7.95B | $9.22B | $7.24B | $7.69B | $6.22B | $7.12B |
| Long Term Debt | $11.58B | $13.68B | $14.66B | $16.74B | $18.69B | $18.24B | $13.49B | $12.16B | $10.72B | $8.80B |
| Deferred Revenue Non-Current | $- | $- | $- | $-458.00M | $-333.00M | $-301.00M | $-279.00M | $37.00M | $15.00M | $19.00M |
| Deferred Tax Liabilities Non-Current | $- | $528.00M | $559.00M | $458.00M | $333.00M | $301.00M | $279.00M | $235.00M | $145.00M | $551.00M |
| Other Non-Current Liabilities | $13.14B | $16.20B | $6.95B | $5.72B | $7.44B | $6.77B | $5.64B | $6.25B | $5.46B | $4.93B |
| Total Non-Current Liabilities | $24.72B | $30.41B | $22.16B | $22.92B | $26.46B | $25.31B | $19.41B | $18.68B | $16.34B | $13.85B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $35.97B | $45.71B | $31.68B | $31.95B | $34.41B | $34.53B | $26.65B | $26.36B | $22.56B | $20.97B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $52.00M | $59.00M | $45.00M | $39.00M |
| Common Stock | $9.00M | $9.00M | $9.00M | $9.00M | $9.00M | $9.00M | $9.00M | $9.00M | $9.00M | $9.00M |
| Retained Earnings | $36.80B | $37.48B | $47.95B | $45.82B | $43.76B | $42.13B | $40.64B | $39.12B | $37.91B | $36.58B |
| Accumulated Other Comprehensive Income Loss | $-5.73B | $-6.78B | $-6.67B | $-6.75B | $-7.66B | $-8.14B | $-6.87B | $-7.03B | $-7.25B | $-6.36B |
| Other Total Stockholders Equity | $-27.23B | $-25.90B | $-26.56B | $-24.03B | $-23.24B | $-23.94B | $-23.98B | $-20.54B | $-20.37B | $-18.52B |
| Total Stockholders Equity | $3.84B | $4.81B | $14.77B | $15.12B | $12.93B | $10.13B | $9.85B | $11.62B | $10.34B | $11.75B |
| Total Equity | $3.89B | $4.87B | $14.82B | $15.19B | $12.99B | $10.19B | $9.90B | $11.68B | $10.39B | $11.79B |
| Total Liabilities and Stockholders Equity | $39.87B | $50.58B | $46.45B | $47.07B | $47.34B | $44.66B | $36.50B | $37.99B | $32.91B | $32.72B |
| Minority Interest | $52.00M | $61.00M | $48.00M | $71.00M | $64.00M | $63.00M | $52.00M | $59.00M | $45.00M | $39.00M |
| Total Liabilities and Total Equity | $39.87B | $50.58B | $46.45B | $47.07B | $47.34B | $44.66B | $36.50B | $37.99B | $32.91B | $32.72B |
| Total Investments | $4.63B | $297.00M | $1.21B | $463.00M | $618.00M | $294.00M | $568.00M | $1.23B | $425.00M | $244.00M |
| Total Debt | $13.66B | $16.85B | $16.20B | $17.63B | $19.05B | $20.56B | $14.62B | $13.95B | $11.65B | $10.80B |
| Net Debt | $8.06B | $10.92B | $12.54B | $13.06B | $14.42B | $18.21B | $11.77B | $10.90B | $9.25B | $9.00B |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $4.19B | $-7.00B | $5.79B | $5.93B | $5.39B | $4.58B | $5.36B | $4.87B | $5.06B | $4.84B |
| Depreciation and Amortization | $1.36B | $1.99B | $1.83B | $1.92B | $1.91B | $1.59B | $1.49B | $1.54B | $1.47B | $1.44B |
| Deferred Income Tax | $321.00M | $-3.85B | $-663.00M | $-166.00M | $-165.00M | $-273.00M | $-57.00M | $107.00M | $7.00M | $395.00M |
| Stock Based Compensation | $289.00M | $274.00M | $263.00M | $274.00M | $262.00M | $278.00M | $302.00M | $324.00M | $298.00M | $276.00M |
| Change in Working Capital | $-5.22B | $317.00M | $-670.00M | $-751.00M | $458.00M | $803.00M | $-272.00M | $359.00M | $-7.00M | $-790.00M |
| Accounts Receivables | $114.00M | $- | $-105.00M | $-122.00M | $165.00M | $345.00M | $-305.00M | $-245.00M | $-313.00M | $-58.00M |
| Inventory | $41.00M | $567.00M | $-629.00M | $-903.00M | $-91.00M | $370.00M | $-509.00M | $-387.00M | $57.00M | $3.00M |
| Accounts Payables | $46.00M | $138.00M | $111.00M | $518.00M | $252.00M | $-117.00M | $408.00M | $24.00M | $148.00M | $9.00M |
| Other Working Capital | $-5.42B | $-388.00M | $-47.00M | $-244.00M | $132.00M | $205.00M | $134.00M | $967.00M | $101.00M | $-744.00M |
| Other Non Cash Items | $881.00M | $14.95B | $-961.00M | $253.00M | $259.00M | $87.00M | $-385.00M | $-963.00M | $-168.00M | $263.00M |
| Net Cash Provided by Operating Activities | $1.82B | $6.68B | $5.59B | $7.45B | $8.11B | $7.07B | $6.44B | $6.24B | $6.66B | $6.42B |
| Investments in Property Plant and Equipment | $-1.18B | $-1.61B | $-1.75B | $-1.60B | $-1.50B | $-1.70B | $-1.58B | $-1.37B | $-1.42B | $-1.46B |
| Acquisitions Net | $- | $60.00M | $491.00M | $51.00M | $551.00M | $-4.75B | $859.00M | $-958.00M | $-16.00M | $-2.91B |
| Purchases of Investments | $-4.15B | $-1.47B | $-1.25B | $-2.20B | $-1.58B | $-1.64B | $-1.83B | $-798.00M | $-163.00M | $-652.00M |
| Sales Maturities of Investments | $2.07B | $1.66B | $1.26B | $2.41B | $1.81B | $1.44B | $669.00M | $1.35B | $1.25B | $1.30B |
| Other Investing Activities | $54.00M | $154.00M | $201.00M | $31.00M | $138.00M | $195.00M | $2.10B | $-1.31B | $-1.05B | $910.00M |
| Net Cash Used for Investing Activities | $-3.21B | $-1.21B | $-1.05B | $-1.32B | $-580.00M | $-6.44B | $222.00M | $-3.09B | $-1.40B | $-2.82B |
| Debt Repayment | $5.51B | $-46.00M | $-838.00M | $-1.15B | $-1.88B | $3.25B | $933.00M | $1.60B | $1.04B | $3.48B |
| Common Stock Issued | $92.00M | $- | $381.00M | $- | $- | $547.00M | $485.00M | $734.00M | $804.00M | $635.00M |
| Common Stock Repurchased | $-1.80B | $-33.00M | $-1.46B | $-2.20B | $-368.00M | $-1.41B | $-4.87B | $-2.07B | $-3.75B | $-5.24B |
| Dividends Paid | $-1.98B | $-3.31B | $-3.37B | $-3.42B | $-3.39B | $-3.32B | $-3.19B | $-2.80B | $-2.68B | $-2.56B |
| Other Financing Activities | $-717.00M | $243.00M | $321.00M | $619.00M | $331.00M | $350.00M | $429.00M | $613.00M | $762.00M | $669.00M |
| Net Cash Used Provided by Financing Activities | $1.10B | $-3.15B | $-5.35B | $-6.14B | $-5.30B | $-1.12B | $-6.70B | $-2.65B | $-4.63B | $-3.65B |
| Effect of Forex Changes on Cash | $-44.00M | $-48.00M | $-104.00M | $-62.00M | $48.00M | $-2.00M | $-160.00M | $156.00M | $-33.00M | $-54.00M |
| Net Change in Cash | $-333.00M | $2.28B | $-909.00M | $-70.00M | $2.28B | $-500.00M | $-200.00M | $655.00M | $600.00M | $-99.00M |
| Cash at End of Period | $5.60B | $5.93B | $3.65B | $4.56B | $4.63B | $2.35B | $2.85B | $3.05B | $2.40B | $1.80B |
| Cash at Beginning of Period | $5.93B | $3.65B | $4.56B | $4.63B | $2.35B | $2.85B | $3.05B | $2.40B | $1.80B | $1.90B |
| Operating Cash Flow | $1.82B | $6.68B | $5.59B | $7.45B | $8.11B | $7.07B | $6.44B | $6.24B | $6.66B | $6.42B |
| Capital Expenditure | $-1.18B | $-1.61B | $-1.75B | $-1.60B | $-1.50B | $-1.70B | $-1.58B | $-1.37B | $-1.42B | $-1.46B |
| Free Cash Flow | $638.00M | $5.07B | $3.84B | $5.85B | $6.61B | $5.37B | $4.86B | $4.87B | $5.24B | $4.96B |