3M COMPANY MMM Cash Flow

3m company (MMM)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
Cash Flows from Operating Activities
Net income including noncontrolling interest
1,294	970	1,588	1,131	893	1,349	1,546	1,862	606	525	1,433	1,585	1,326	1,156	1,331	1,293	1,278	1,039	1,298	1,303	1,201	1,179	1,311	1,283	1,225	1,116	1,245	1,213	1,147	1,004	1,180	1,186	1,141	974	1,103	1,177	1,103	943	1,125	1,140	955	951	971	792	530
Adjustments to reconcile net income including noncontrolling interest to net cash provided by operating activities
Depreciation and amortization
440	463	379	376	375	371	355	380	382	349	377	380	438	384	368	366	356	397	355	344	339	350	350	358	350	357	343	335	336	332	322	321	313	317	311	319	289	283	278	272	287	298	290	298	271
Company pension and postretirement contributions
39	81	41	41	47	67	42	29	232	653	35	31	248	60	226	41	56	51	31	94	91	103	35	35	42	97	214	103	68	228	246	335	337	209	248	64	61	187	303	46	82	507	80	82	123
Company pension and postretirement expense
98	115	66	106	70	104	102	102	102	91	80	82	81	70	62	59	59	138	135	149	134	98	97	98	98	139	139	137	138	160	155	155	180	155	132	133	135	79	88	67	88	61	53	67	42
Stock-based compensation expense
120	48	48	52	130	44	50	49	159	58	60	59	147	54	51	49	144	43	46	49	138	59	47	52	122	43	47	47	103	42	36	42	103	43	38	56	116	46	57	59	112	41	44	49	83
Gain on sale of businesses
2	0	106	0	5	15	0	506	24	96	0	461	29	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
29	-185	-14	-18	-56	16	-72	102	-103	212	15	-36	-84	107	34	-96	-38	2	98	251	44	-85	-25	47	-83	-113	-91	-24	61	-56	3	42	44	214	-42	2	3	-190	2	-8	26	507	209	-61	46
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17	8	28	101	46	24	46	51	24	17	17	34	9	12	13	28	1	3	34	15	10	7	24	12	-	-	-	-
Changes in assets and liabilities
Accounts receivable
143	-359	-244	180	78	-291	-10	346	260	-350	183	175	237	-156	50	174	245	-420	32	150	296	-319	103	137	347	-306	15	181	447	-360	-60	122	431	-352	-29	117	469	-340	-57	230	356	-366	89	230	-8
Inventories
207	-115	-180	-253	178	-53	225	128	209	-49	89	198	149	-72	-27	5	37	-142	-130	138	131	-119	-10	111	131	-69	-12	139	28	-117	100	172	96	-168	-12	196	180	-117	93	238	190	16	-22	-159	-288
Accounts payable
12	105	-49	-170	-3	260	160	76	-88	49	35	64	-124	255	-50	59	-116	121	-78	-90	56	20	-2	-27	84	42	-225	102	97	-69	-9	32	118	-53	-130	20	80	-27	-70	98	145	49	136	89	-165
Accrued income taxes (current and long-term)
68	-	-	-	-	12	-112	22	212	718	-8	32	225	-54	257	-436	334	-156	-167	-521	100	170	20	-119	135	181	-141	67	99	138	-274	5	221	-257	84	-9	137	95	52	-209	317	-352	6	110	89
Product and other insurance receivables and claims
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18	27	-8	-	52	11	-74	54	-6	0	-39	5	39	30	-25	42	-12	27	7
Other - net
457	-171	383	-154	53	160	-367	-315	402	-208	-65	-341	358	-140	-104	-251	419	-307	82	-263	313	-103	-65	-277	268	-11	-50	-215	402	64	-178	-237	326	19	-82	-164	366	-137	-98	-227	183	386	-190	-248	381
Net cash provided by (used in) operating activities
1,213	2,338	2,022	1,662	1,048	2,258	2,139	1,899	143	1,860	1,750	1,642	988	2,209	1,908	1,285	1,260	2,338	1,664	1,338	1,080	2,183	1,711	1,640	1,092	1,993	1,151	1,679	994	1,738	1,345	1,389	828	1,738	1,362	1,451	733	1,631	1,323	1,138	1,082	1,044	1,736	1,466	695
Cash Flows from Investing Activities
Purchases of property, plant and equipment (PP&E)
332	538	349	421	391	531	377	365	304	459	325	302	287	436	347	323	314	446	354	370	291	490	369	341	293	543	404	394	324	507	358	358	261	517	336	295	231	526	228	180	157	274	175	210	244
Proceeds from sale of PP&E and other assets
7	32	88	2	1	119	47	13	83	31	5	12	1	40	0	0	18	16	3	10	4	19	78	35	3	42	68	8	10	26	7	4	4	43	7	3	2	18	3	1	3	12	5	42	15
Acquisitions, net of cash acquired
25	4,280	0	0	704	-	-	-	-	-	-	-	-	-1	13	0	4	4	2,757	3	150	0	0	94	0	-	-	-	-	-	-	-	-	118	44	16	471	1,782	18	13	17	2	55	3	9
Purchases of marketable securities and investments
318	718	166	240	511	476	388	447	517	1,097	648	194	213	374	526	285	225	166	145	150	191	252	179	248	601	451	589	1,233	1,767	1,179	2,002	1,411	900	1,570	1,167	668	757	340	512	1,025	1,410	926	829	361	124
Proceeds from maturities and sale of marketable securities and investments
207	178	260	636	369	431	430	646	990	609	202	192	351	453	345	285	164	210	473	664	605	623	429	383	599	765	954	1,277	1,671	3,503	751	488	539	2,375	356	323	363	570	853	350	222	186	202	89	241
Proceeds from maturities of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	416	607	574	-	409	568	376	311	403	416	435	344	144	92	103
Proceeds from sale of businesses, net of cash sold
86	0	230	0	6	40	0	766	40	203	0	809	53	86	0	0	56	104	0	0	19	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other - net
-	-27	-27	-13	-5	-1	-19	0	11	8	3	0	-5	0	2	27	-25	-80	-3	-15	-4	-82	-42	27	-5	-33	-9	1	-5	0	-10	-3	-1	-6	0	0	6	-	-	-	63	-	-	-	-
Net cash provided by (used in) investing activities
-375	-5,299	90	-10	-1,225	-416	-269	626	281	-2,732	-781	517	-90	-230	-543	-350	-280	-	-	-	-	-18	1	-292	-287	-154	38	-335	-405	-552	-1,280	-811	-43	-1,134	-775	-85	-724	-1,749	498	-388	-987	-656	-701	-357	-18
Cash Flows from Financing Activities
Change in short-term debt - net
462	150	-25	-13	-428	414	-1,472	-807	1,581	518	173	-45	-68	-299	-161	-475	138	-300	1,199	-35	-4	-1,908	1,873	-404	466	-609	619	1	-13	0	-2	-16	-18	24	0	-25	12	7	1	-5	-27	9	7	-40	-512
Repayment of debt (maturities greater than 90 days)
-	1,845	0	625	246	578	450	0	6	-	-	-	-	-	-	-	-	-	-	-	-	74	1,432	55	64	6	841	7	5	594	0	3	15	955	331	39	104	421	90	25	20	430	1	2	86
Proceeds from debt (maturities greater than 90 days)
1,745	165	3,851	0	2,265	4	2,241	0	6	-	-	-	-	-	-	-	-	-	-	-	-	1,544	-14	906	172	812	1	2	9	119	7	1,238	6	3	999	2	107	99	0	0	9	-	-	-	-
Purchases of treasury stock
365	164	142	400	701	1,269	1,064	1,600	937	504	380	494	690	924	774	828	1,227	1,134	1,523	1,695	886	1,279	1,239	1,426	1,708	1,674	1,543	1,190	805	714	327	639	524	494	849	678	680	439	22	373	20	-	-	-	-
Proceeds from issuance of treasury stock pursuant to stock option and benefit plans
149	110	72	150	215	84	96	86	219	152	86	181	315	63	129	255	357	117	68	141	309	229	154	318	267	237	269	365	738	240	293	266	213	37	112	375	378	161	119	235	151	140	66	191	34
Dividends paid to shareholders
847	828	828	830	830	787	794	802	810	699	701	701	702	664	670	672	672	628	635	646	652	544	550	556	566	423	431	436	440	407	408	410	410	384	388	391	392	376	375	375	374	361	361	355	354
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17	8	28	101	46	24	46	51	24	17	17	34	9	12	13	28	1	3	34	15	10	7	24	12	-	-	-	-
Other - net
-36	-39	-124	-17	-17	-20	-10	-19	-7	-98	-21	4	-6	-22	-4	6	-22	-21	-49	-28	-22	18	-6	-14	-17	36	-7	7	-4	3	-18	2	-2	-9	-7	-18	-33	0	-104	33	-6	1	-1	-8	11
Net cash provided by (used in) financing activities
1,108	-2,451	2,804	-1,735	258	-2,152	-1,453	-3,142	46	1,044	-843	-1,705	-1,151	-1,846	-752	-602	-1,426	-1,954	-220	-320	-1,154	-2,130	-1,889	-1,185	-1,399	-1,603	-1,916	-1,241	-486	-1,344	-443	451	-722	-1,777	-461	-740	-697	-959	-464	-486	-275	-597	-290	-220	-907
Effect of exchange rate changes on cash and cash equivalents
-46	34	-34	-6	4	-22	-33	-73	-32	50	51	27	28	-43	7	18	-15	15	-45	8	-32	-67	-19	8	-33	5	125	-89	-58	12	99	-53	50	16	-126	3	58	-12	87	-90	-12	10	-102	75	13
Net increase (decrease) in cash and cash equivalents
1,900	-5,378	4,882	-89	85	-332	384	-690	438	222	177	481	-225	90	620	351	-461	193	-1,378	1,192	-106	-32	-196	171	-627	241	-602	14	45	-146	-279	976	113	-1,157	0	629	-630	-1,089	1,444	174	-192	-199	643	964	-217