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MMM Financial Statements and Analysis

NYSE : MMM

3M Company

$151.68
1.64+1.09%
At Close 4:00 PM
$152.00
0.32+0.21%
Pre-Market 06:45 AM
69.46
B+ESG ScoreESG Rating

MMM FINANCIAL STATEMENTS

An instrumental part of fundamental analysis is measuring key indicators of an asset, which are the factors that can influence its value and price. However, sometimes investors show more interest in financial statements with other factors to determine whether investing in that company is the right decision. Financial statements of a company include:

  • Balance Sheet
  • Income Statement
  • Cash Flow Statement

MMM Income Statement

A company's income statement helps investors and business owners determine whether the company is profitable or losing money. Profitability is a key factor investors consider before investing in a stock. Income statements provide them with information about a company's profitability over time. The statement also enables them to observe trends in company spending and earnings since it breaks down individual costs and revenues. Income statements also provide details on where a company's money is going when it isn't profitable or its profits fluctuate.

Date2024-09-302024-06-302024-03-312023-12-312023-09-30
reported currencyUSDUSDUSDUSDUSD
calendar year20242024202420232023
periodQ3Q2Q1Q4Q3
revenue6.294B6.255B8.003B8.013B8.312B
cost of revenue3.647B3.603B4.329B4.678B4.58B
gross profit2.647B2.652B3.674B3.335B3.732B
gross profit ratio0.4210.4240.4590.4160.449
research and development expenses269.00M279.00M437.00M467.00M430.00M
general and administrative expenses01.928B1.725B1.589B5.961B
selling and marketing expenses0-828.00M0031.00M
selling general and administrative expenses1.062B1.10B1.725B1.589B5.992B
other expenses0000-200.00M
operating expenses1.331B1.379B2.162B2.056B6.422B
cost and expenses4.978B4.982B6.491B6.734B11.002B
interest income107.00M143.00M110.00M92.00M73.00M
interest expense276.00M322.00M385.00M371.00M304.00M
depreciation and amortization310.00M301.00M430.00M537.00M535.00M
ebitda2.318B1.272B2.052B1.908B-2.726B
ebitda ratio0.3680.2520.2560.238-0.328
operating income1.316B1.273B1.501B1.243B-2.654B
operating income ratio0.2090.2040.1880.155-0.319
total other income expenses net405.00M138.00M-264.00M-243.00M-164.00M
income before tax1.721B1.41B1.237B1.00B-2.854B
income before tax ratio0.2730.2250.1550.125-0.343
income tax expense348.00M203.00M305.00M64.00M-781.00M
net income1.372B1.145B928.00M945.00M-2.075B
net income ratio0.2180.1830.1160.118-0.25
eps2.492.071.671.70-3.74
eps diluted2.482.061.671.70-3.74
weighted average shs out550.60M553.80M555.00M554.70M554.30M
weighted average shs out dil552.70M554.80M555.90M555.40M554.30M
Graph

MMM Balance Sheet

Balance sheet summarizes a company's financials and can be used as a basis by investors to determine the value of a company. It shows the value of the stock, as well as the assets and liabilities of the company. A company's balance sheet displays how its assets are put to use and how those assets are financed, based on the liabilities section. Both investors and analysts analyze a company's balance sheet to determine how it allocates its resources.

Date2024-09-302024-06-302024-03-312023-12-312023-09-30
reported currencyUSDUSDUSDUSDUSD
calendar year20242024202420232023
periodQ3Q2Q1Q4Q3
cash and cash equivalents6.05B10.083B10.911B5.933B5.14B
short term investments1.245B255.00M60.00M53.00M73.00M
cash and short term investments7.295B10.338B10.971B5.986B5.213B
net receivables3.528B3.575B4.75B4.864B4.852B
inventory4.039B4.06B4.897B4.822B5.065B
other current assets1.437B1.986B995.00M149.00M490.00M
total current assets16.299B19.515B21.613B16.379B16.198B
property plant equipment net8.135B8.082B9.816B9.918B9.786B
goodwill6.395B6.318B12.809B12.927B12.721B
intangible assets1.242B1.266B4.105B4.226B4.324B
goodwill and intangible assets7.637B7.584B16.914B17.153B17.045B
long term investments012.00M11.00M244.00M42.00M
tax assets00-11.00M4.918B-42.00M
other non current assets8.804B8.184B6.90B1.968B6.592B
total non current assets24.576B23.862B33.63B34.201B33.423B
other assets00000
total assets40.875B43.377B55.243B50.58B49.621B
account payables2.689B2.813B3.372B3.245B3.104B
short term debt2.038B1.64B1.047B3.172B3.371B
tax payables473.00M407.00M383.00M582.00M220.00M
deferred revenue0407.00M383.00M572.00M220.00M
other current liabilities6.191B9.485B8.354B8.308B8.771B
total current liabilities11.391B14.345B13.156B15.297B15.466B
long term debt11.762B12.224B21.11B13.682B12.876B
deferred revenue non current0003.675B0
deferred tax liabilities non current000528.00M0
other non current liabilities13.028B12.82B16.044B12.53B16.548B
total non current liabilities24.79B25.044B37.154B30.415B29.424B
other liabilities00000
capital lease obligations611.00M443.00M744.00M819.00M234.00M
total liabilities36.181B39.389B50.31B45.712B44.89B
preferred stock000059.00M
common stock9.00M9.00M9.00M9.00M9.00M
retained earnings36.459B35.475B37.472B37.479B37.375B
accumulated other comprehensive income loss-5.224B-5.567B-6.826B-6.778B-6.726B
other total stockholders equity-26.602B-26.001B-25.789B-25.903B-25.986B
total stockholders equity4.642B3.916B4.866B4.807B4.731B
total equity4.694B3.988B4.933B4.868B4.79B
total liabilities and stockholders equity40.875B43.377B55.243B50.58B49.621B
minority interest52.00M72.00M67.00M61.00M59.00M
total investments1.245B267.00M60.00M53.00M73.00M
total debt13.80B13.695B22.157B16.854B16.247B
net debt7.75B3.612B11.246B10.921B11.107B
Graph

MMM Cash Flow

A cash flow statement is regarded as a valuable indicator of profitability and the long-term outlook for a company. It assists the company in evaluating whether it has sufficient funds to cover its expenses. Essentially, a cash flow statement represents an organization's financial health. The cash flow statement, which measures the business's ability to operate in the short as well as long term, is broken down into operating, investing, and financing activities.

Date2024-09-302024-06-302024-03-312023-12-312023-09-30
reported currencyUSDUSDUSDUSDUSD
calendar year20242024202420232023
periodQ3Q2Q1Q4Q3
deferred income tax178.00M-29.00M144.00M-387.00M-921.00M
stock based compensation42.00M171.00M29.00M52.00M46.00M
change in working capital92.00M-1.379B-18.00M703.00M180.00M
accounts receivables132.00M-143.00M-76.00M201.00M22.00M
inventory98.00M-129.00M-141.00M331.00M135.00M
accounts payables-158.00M-54.00M220.00M20.00M-17.00M
other working capital20.00M-1.053B-778.00M151.00M40.00M
other non cash items-3.785B1.852B-805.00M134.00M4.141B
net cash provided by operating activities-1.787B1.021B767.00M1.986B1.91B
investments in property plant and equipment-246.00M-269.00M-375.00M-358.00M-405.00M
acquisitions net-53.00M32.00M21.00M5.00M57.00M
purchases of investments-1.277B-544.00M-399.00M-323.00M-368.00M
sales maturities of investments315.00M319.00M388.00M368.00M347.00M
other investing activites4.00M-1.00M-28.00M7.00M82.00M
net cash used for investing activites-1.204B-463.00M-393.00M-301.00M-287.00M
debt repayment-5.509B0-5.509B-652.00M-632.00M
common stock issued38.00M12.00M18.00M563.00M765.00M
common stock repurchased-675.00M-400.00M-21.00M-2.00M-2.00M
dividends paid-383.00M-386.00M-835.00M-828.00M-828.00M
other financing activites-27.00M-584.00M-50.00M-5.00M-7.00M
net cash used provided by financing activities-1.085B-1.358B4.621B-924.00M-704.00M
effect of forex changes on cash43.00M-28.00M-17.00M32.00M-37.00M
net change in cash-4.033B-828.00M4.978B793.00M882.00M
cash at end of period6.05B10.083B10.911B5.933B5.14B
cash at beginning of period10.083B10.911B5.933B5.14B4.258B
operating cashflow-1.787B1.021B767.00M1.986B1.91B
capital expenditure-246.00M-269.00M-375.00M-358.00M-405.00M
free cash flow-2.033B752.00M392.00M1.628B1.505B
Graph

Frequently Asked Questions

How did 3M Company do last quarter? What was its Total Revenue and Cost of Revenue?

A company's Total Revenue reveals how much money it generates before any expenses or deductions are made. As a result, this metric informs investors/stakeholders how much money the business makes. Tracking and understanding it is essential for evaluating a company's growth. As opposed to revenue, Cost of Revenue is any expenses a business incur to generate revenue. There can be high revenue in a business, but if the costs are high, it won't make a profit and will go out of business when money runs out. Therefore, MMM generated $6.29B in revenue last quarter, while its costs came in at $3.65B.

Last quarter, how much Gross Profit did 3M Company report?

A business's Gross Profit is a key indicator of its profitability and financial performance. In other words, it reflects how efficiently a business uses labor, raw materials, and other resources. 3M Company reported a $2.65B Gross Profit for the quarter ended Sep 30, 2024.

Have MMM's Total Operating Expenses and Operating Income been favorable recently?

Operational Expenses represent the costs a company must incur to generate revenue, which is the ultimate goal of a business, whereas Operating Income shows the revenue left after operational direct and indirect costs have been deducted. MMM incurred $1.33B worth of Operating Expenses, while it generated $1.32B worth of Operating Income.

How much Net Income has MMM posted recently?

The Net Income of a company is one of the factors investors consider when investing in the company. According to recent earnings report from 3M Company, the company generated $1.37B in Net Income. When a company has a history of consistent net income, investors are more likely to invest in it since they know they will get a return.

At the end of the last quarter, how much Cash and Equivalents did 3M Company have?

The amount of Cash and Cash Equivalents is an effective indicator of the financial strength and well-being of a company. An excess cash situation occurs when a company has more cash and cash equivalents than it needs for operating activities. The amount of Cash and Cash Equivalents available to 3M Company as of the end of the last quarter was $6.05B.

What are MMM's Total Net Receivables for the last quarter?

Total Net Receivables are a company's outstanding debts to its customers. Therefore, it refers to the amount that a company expects to collect from its customers. The higher a company's net receivables are, the more confident it is that it can collect money from its debtors. As of the end of the last quarter, MMM had Total Net Receivables of $3.53B.

In terms of Total Assets and Current Assets, where did 3M Company stand at?

An asset with an economic value within a year is considered a current asset. Total assets, however, also include long-term fixed assets, intangible assets, and other non-current assets. The current Assets of MMM were $16.30B, while the Total Assets stand at $40.88B.

As of the last quarter, how much Total Debt did 3M Company have?

The total debt of a business refers to how much it borrows. A company's current and long-term liabilities are added together to calculate its Total Debt. A debt ratio may be taken into account on a balance sheet by financial lenders, investors, and business leaders when making informed decisions about future loans or investments. The total amount of MMM's debt was $13.80B at the end of the last quarter.

What were MMM's Total Liabilities during the last reported quarter?

A company's total liabilities are the sum of all debts it is liable for, including any off-balance shee liabilities it may incur. This can be calculated by adding up all short-term and long-term liabilities. In its last quarter, MMM reported total liabilities of $36.18B.

How much did MMM's Working Capital change over the last quarter?

Working Capital Change for MMM was $92.00M over the last quarter. Working Capital Change refers to the difference between net working capital amounts at the end of one accounting period and the end of another. It tells investors/stakeholders how much the company's cash flow will differ from its Net Income (i.e., after-tax profits). More powerful companies often have positive Change in Working Capital numbers as they have increased control over collecting cash from customers and delaying payments to suppliers.

MMM generated how much cash from operating activities?

An operating cash flow statement usually contains cash from operating activities in the first section. An organization's cash from operating activities refers to the money it takes in and takes out as a result of its regular business operations. MMM generated -$1.79B of Cash from Operating Activities during its recently reported quarter.

What was MMM's latest reported Net Change in Cash?

An increase or decrease in cash and cash equivalent balances within a specified period is considered the net change in cash in a cash flow statement. Furthermore, it takes into account cash changes as a result of investments, financing, and operating activities. MMM reported a -$4.03B Net Change in Cash in the most recent quarter.

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