Stock Analysis on Net
Stock Analysis on Net

3M Co. (NYSE:MMM)

This company has been moved to the archive! The financial data has not been updated since October 25, 2022.

Common-Size Income Statement

3M Co., common-size consolidated income statement

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12 months ended: Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Net sales 100.00 100.00 100.00 100.00 100.00
Cost of sales -53.16 -51.59 -53.32 -50.91 -50.54
Gross profit 46.84% 48.41% 46.68% 49.09% 49.46%
Selling, general and administrative expenses -20.36 -21.53 -21.87 -23.20 -20.76
Research, development and related expenses -5.64 -5.84 -5.95 -5.56 -5.84
Gain on sale of businesses 0.00 1.21 0.35 1.67 1.85
Operating income 20.84% 22.25% 19.21% 22.00% 24.70%
Interest expense -1.38 -1.64 -1.39 -1.07 -1.02
Interest income 0.07 0.09 0.25 0.21 0.16
Pension and postretirement net periodic benefit benefit 0.84 0.16 0.21 0.22 0.00
Loss on deconsolidation of Venezuelan subsidiary 0.00 0.00 -0.50 0.00 0.00
Other income (expense), net -0.47% -1.40% -1.44% -0.63% -0.86%
Income before income taxes 20.38% 20.85% 17.77% 21.36% 23.84%
Provision for income taxes -3.63 -4.10 -3.52 -5.00 -8.46
Income of consolidated group 16.74% 16.76% 14.26% 16.37% 15.38%
Income (loss) from unconsolidated subsidiaries, net of taxes 0.03 -0.02 0.00 0.00 0.00
Net income including noncontrolling interest 16.77% 16.74% 14.26% 16.37% 15.38%
Net income attributable to noncontrolling interest -0.02 -0.01 -0.04 -0.04 -0.03
Net income attributable to 3M 16.75% 16.73% 14.22% 16.33% 15.35%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. 3M Co. operating income as a percentage of net sales increased from 2019 to 2020 but then slightly decreased from 2020 to 2021.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. 3M Co. income before income taxes as a percentage of net sales increased from 2019 to 2020 but then slightly decreased from 2020 to 2021.
Net income attributable to 3M The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. 3M Co. net income attributable to 3M as a percentage of net sales increased from 2019 to 2020 and from 2020 to 2021.