3M COMPANY MMM Income Statement

3m company (MMM)

Income statement / 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	Sep'08	Jun'08
Net sales
8,075	8,111	7,991	8,171	7,863	7,945	8,152	8,390	8,278	7,990	8,172	7,810	7,685	7,329	7,709	7,662	7,409	7,298	7,712	7,686	7,578	7,719	8,137	8,134	7,831	7,569	7,916	7,752	7,634	7,387	7,497	7,534	7,486	7,089	7,531	7,680	7,311	6,709	6,874	6,731	6,348	6,122	6,193	5,719	5,089	6,558	6,739
Operating expenses
Cost of sales
4,109	4,325	4,188	4,313	4,310	4,060	4,159	4,227	4,236	4,094	4,059	4,020	3,882	3,794	3,847	3,799	3,678	3,795	3,877	3,858	3,821	4,027	4,205	4,184	4,031	3,976	4,148	4,013	3,969	3,991	3,935	3,870	3,889	3,824	4,027	4,040	3,802	3,575	3,583	3,435	3,238	3,189	3,171	2,977	2,772	3,432	3,510
Selling, general and administrative expenses
1,768	1,940	1,455	1,686	1,948	1,682	1,547	1,800	2,573	1,755	1,637	1,620	1,614	1,727	1,531	1,560	1,493	1,589	1,530	1,550	1,564	1,594	1,597	1,646	1,632	1,576	1,609	1,610	1,589	1,535	1,487	1,528	1,552	1,522	1,534	1,581	1,533	1,445	1,361	1,350	1,323	1,265	1,209	1,242	1,191	1,269	1,394
Research, development and related expenses
537	521	443	470	477	437	430	468	486	448	468	478	476	450	427	437	450	427	429	438	463	436	434	448	452	438	420	427	430	418	397	408	411	379	389	404	398	388	354	350	342	326	335	309	323	344	363
Gain on sale of businesses
2	0	106	0	8	17	0	506	24	96	0	461	29	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from sale of businesses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-23
Total operating expenses
6,412	6,786	5,980	6,469	6,727	6,162	6,136	5,989	7,271	6,201	6,164	5,657	5,943	5,860	5,805	5,796	5,621	5,764	5,836	5,846	5,848	6,057	6,236	6,278	6,115	5,990	6,177	6,050	5,988	5,944	5,819	5,806	5,852	5,725	5,950	6,025	5,733	5,408	5,298	5,135	4,903	4,780	4,715	4,528	4,286	5,045	5,290
Operating income
1,663	1,325	2,011	1,702	1,136	1,783	2,016	2,401	1,007	1,789	2,008	2,153	1,742	1,469	1,904	1,866	1,788	1,534	1,876	1,840	1,730	1,662	1,901	1,856	1,716	1,579	1,739	1,702	1,646	1,443	1,678	1,728	1,634	1,364	1,581	1,655	1,578	1,301	1,576	1,596	1,445	1,342	1,478	1,191	803	1,513	1,449
Interest expense and income
Interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	50	38	47	-	38	35	31	32	28	45	37	32	33	41	39	44	44	43	40	45	48	50	43	50	51	52	48	54	55	55	55	52	51
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	7	5	-	7	7	4	8	7	9	9	11	10	10	10	10	10	10	9	10	10	9	10	11	11	10	6	11	8	7	11	28	18
Other expense (income), net
-96	-113	-45	-256	-48	-63	-51	-51	-42	-117	-11	-11	-5	141	-42	-31	-42	-71	-31	-28	-27	-24	-21	-36	-28	-21	-23	-31	-29	-34	-34	-33	-31	-35	-38	-41	-33	-39	-40	-42	-42	-43	-47	-48	-44	-24	-33
Income before income taxes
1,567	1,212	1,966	1,446	1,088	1,720	1,965	2,350	965	1,672	1,997	2,142	1,737	1,610	1,862	1,835	1,746	1,463	1,845	1,812	1,703	1,638	1,880	1,820	1,688	1,558	1,716	1,671	1,617	1,409	1,644	1,695	1,603	1,329	1,543	1,614	1,545	1,262	1,536	1,554	1,403	1,299	1,431	1,143	759	1,489	1,416
Provision for income taxes
273	242	378	315	195	371	419	488	359	1,147	564	557	411	454	531	542	468	424	547	509	502	459	569	537	463	442	471	458	470	405	464	509	462	355	440	437	442	319	411	414	448	348	460	351	229	479	453
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	1,010	963
Less: Net income attributable to noncontrolling interest
2	1	5	4	2	2	3	5	4	2	4	2	3	1	2	2	3	1	2	3	2	0	8	16	18	13	15	16	18	13	19	19	16	20	15	17	22	15	19	19	25	16	14	9	12	19	18
Net income attributable to 3M
1,292	969	1,583	1,127	891	1,347	1,543	1,857	602	523	1,429	1,583	1,323	1,155	1,329	1,291	1,275	1,038	1,296	1,300	1,199	1,179	1,303	1,267	1,207	1,103	1,230	1,197	1,129	991	1,161	1,167	1,125	954	1,088	1,160	1,081	928	1,106	1,121	930	935	957	783	518	991	945
Weighted average 3M common shares outstanding - basic (in shares)
576	576	576	577	577	580	585	591	596	596	597	598	598	600	604	606	607	614	620	631	636	638	645	652	661	668	679	688	691	691	693	694	696	701	707	713	711	714	714	714	711	708	702	696	693	695	702
Earnings per share attributable to 3M common shareholders - basic (in dollars per share)
2.24	1.68	2.75	1.95	1.54	2.30	2.64	3.14	1.01	0.88	2.39	2.65	2.21	1.92	2.20	2.13	2.10	1.69	2.09	2.06	1.88	1.84	2.02	1.94	1.83	1.65	1.81	1.74	1.63	1.43	1.68	1.68	1.61	1.36	1.54	1.63	1.52	1.29	1.55	1.57	1.31	1.33	1.36	1.12	0.75	1.43	1.35
Weighted average 3M common shares outstanding - diluted (in shares)
581	582	583	586	588	592	598	604	612	613	612	612	612	613	618	620	621	625	631	643	649	651	657	664	674	681	691	699	702	701	703	702	706	707	715	726	726	727	725	725	723	719	710	700	695	703	712
Earnings per share attributable to 3M common shareholders - diluted (in dollars per share)
2.22	1.66	2.72	1.92	1.51	2.26	2.58	3.07	0.98	0.86	2.33	2.58	2.16	1.88	2.15	2.08	2.05	1.66	2.05	2.02	1.85	1.81	1.98	1.91	1.79	1.62	1.78	1.71	1.61	1.42	1.65	1.66	1.59	1.35	1.52	1.60	1.49	1.27	1.53	1.54	1.29	1.31	1.35	1.12	0.74	1.41	1.33
Cash dividends paid per 3M common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	1.17	1.17	1.17	-	1.11	1.11	1.11	1.02	1.02	1.02	1.02	0.85	0.85	0.85	0.85	0.63	0.63	0.63	0.63	0.59	0.59	0.59	0.59	0.55	0.55	0.55	0.55	0.52	0.52	0.52	0.52	0.51	0.51	0.51	0.51	0.50	0.50