3M Company (MMM)

3M Company Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	32,653	32,681	34,229	35,355	32,184	32,136
Revenue Growth (YoY)	-2.33%	-4.52%	-3.18%	9.85%	0.15%	-1.92%
Cost of Revenue	18,193	18,477	19,232	18,795	16,605	17,136
Gross Profit	14,460	14,204	14,997	16,560	15,579	15,000
Selling, General & Admin	21,557	21,526	9,049	7,197	6,929	7,029
Research & Development	1,807	1,842	1,862	1,994	1,878	1,911
Other Operating Expenses	-36	-36	-2,453	0	-389	-114
Operating Expenses	23,328	23,332	8,458	9,191	8,418	8,826
Operating Income	-8,868	-9,128	6,539	7,369	7,161	6,174
Interest Expense / Income	262	0	0	0	529	448
Other Expense / Income	509	558	150	163	-154	95
Pretax Income	-9,639	-9,686	6,389	7,206	6,786	5,631
Income Tax	-2,596	-2,691	612	1,285	1,337	1,114
Net Income	-7,043	-6,995	5,777	5,921	5,449	4,517
Net Income Growth	-	-	-2.43%	8.66%	20.63%	-15.55%
Shares Outstanding (Basic)	555	554	566	579	578	577
Shares Outstanding (Diluted)	556	554	568	585	582	585
Shares Change	0.49%	-2.41%	-3.02%	0.53%	-0.50%	-2.81%
EPS (Basic)	-12.71	-12.63	10.21	10.23	9.43	7.83
EPS (Diluted)	-12.71	-12.63	10.18	10.12	9.36	7.72
EPS Growth	-	-	0.59%	8.12%	21.24%	-13.16%
Free Cash Flow	4,794	5,184	4,042	5,902	6,740	5,494
Free Cash Flow Per Share	8.64	9.36	7.14	10.19	11.67	9.52
Dividend Per Share	6.010	6.000	5.960	5.920	5.880	5.760
Dividend Growth	0.67%	0.67%	0.68%	0.68%	2.08%	5.88%
Gross Margin	44.28%	43.46%	43.81%	46.84%	48.41%	46.68%
Operating Margin	-27.16%	-27.93%	19.10%	20.84%	22.25%	19.21%
Profit Margin	-21.57%	-21.40%	16.88%	16.75%	16.93%	14.06%
Free Cash Flow Margin	14.68%	15.86%	11.81%	16.69%	20.94%	17.10%
Effective Tax Rate	-	-	9.58%	17.83%	19.70%	19.78%
EBITDA	-7,426	-7,699	8,220	9,121	9,226	7,672
EBITDA Margin	-22.74%	-23.56%	24.01%	25.80%	28.67%	23.87%
Depreciation & Amortization	1,951	1,987	1,831	1,915	1,911	1,593
EBIT	-9,377	-9,686	6,389	7,206	7,315	6,079
EBIT Margin	-28.72%	-29.64%	18.67%	20.38%	22.73%	18.92%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).