Stock Analysis on Net
Stock Analysis on Net

3M Co. (NYSE:MMM)

Common-Size Income Statement
Quarterly Data

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3M Co., common-size consolidated income statement (quarterly data)

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3 months ended: Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Net sales 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Cost of sales -51.53 -53.02 -50.89 -53.32 -52.41 -52.78 -54.81 -51.10 -51.02 -50.38 -51.17 -51.06 -49.50 -51.31 -50.34 -50.70 -49.90 -49.58 -49.64 -52.44 -50.27 -50.20 -50.42
Gross profit 48.47% 46.98% 49.11% 46.68% 47.59% 47.22% 45.19% 48.90% 48.98% 49.62% 48.83% 48.94% 50.50% 48.69% 49.66% 49.30% 50.10% 50.42% 50.36% 47.56% 49.73% 49.80% 49.58%
Selling, general and administrative expenses -20.08 -22.21 -21.89 -23.92 -18.21 -20.63 -24.77 -21.17 -18.98 -21.45 -31.08 -21.80 -19.86 -20.58 -20.82 -21.80 -19.86 -20.36 -20.69 -21.07 -19.84 -20.17 -20.64
Research, development and related expenses -5.52 -5.91 -6.65 -6.42 -5.54 -5.75 -6.07 -5.50 -5.27 -5.58 -5.87 -5.54 -5.67 -6.06 -6.13 -5.74 -5.54 -5.70 -6.07 -5.93 -5.56 -5.70 -6.11
Gain on sale of businesses 0.00 5.39 0.02 0.00 1.33 0.00 0.10 0.21 0.00 6.03 0.29 1.20 0.00 5.90 0.38 0.97 0.00 0.00 0.54 0.00 0.00 0.00 0.00
Operating income 22.86% 24.25% 20.59% 16.34% 25.17% 20.83% 14.45% 22.44% 24.73% 28.62% 12.16% 22.79% 24.98% 27.96% 23.08% 22.72% 24.70% 24.35% 24.13% 20.55% 24.33% 23.94% 22.83%
Other income (expense), net -1.25 -1.55 -1.19 -1.39 -0.56 -3.13 -0.61 -0.79 -0.63 -0.61 -0.51 -1.86 -0.54 -0.54 -0.48 -0.75 -0.54 -0.40 -0.57 -0.51 -0.40 -0.36 -0.36
Income before income taxes 21.62% 22.70% 19.41% 14.94% 24.60% 17.70% 13.84% 21.65% 24.10% 28.01% 11.66% 20.93% 24.44% 27.43% 22.60% 21.97% 24.15% 23.95% 23.57% 20.05% 23.92% 23.58% 22.47%
Provision for income taxes -4.63 -4.77 -3.38 -2.98 -4.73 -3.86 -2.48 -4.67 -5.14 -5.82 -4.34 -14.36 -6.90 -7.13 -5.35 -6.19 -6.89 -7.07 -6.32 -5.81 -7.09 -6.62 -6.62
Income of consolidated group 16.98% 17.93% 16.02% 11.96% 19.87% 13.84% 11.36% 16.98% 18.96% 22.19% 7.32% 6.57% 17.54% 20.29% 17.25% 15.77% 17.27% 16.88% 17.25% 14.24% 16.83% 16.95% 15.85%
Loss from unconsolidated subsidiaries, net of taxes -0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net income including noncontrolling interest 16.97% 17.93% 16.02% 11.96% 19.87% 13.84% 11.36% 16.98% 18.96% 22.19% 7.32% 6.57% 17.54% 20.29% 17.25% 15.77% 17.27% 16.88% 17.25% 14.24% 16.83% 16.95% 15.85%
Net (income) loss attributable to noncontrolling interest -0.05 0.04 -0.02 -0.01 -0.06 -0.05 -0.03 -0.03 -0.04 -0.06 -0.05 -0.03 -0.05 -0.03 -0.04 -0.01 -0.03 -0.03 -0.04 -0.01 -0.03 -0.04 -0.03
Net income attributable to 3M 16.92% 17.98% 16.00% 11.95% 19.81% 13.79% 11.33% 16.95% 18.93% 22.13% 7.27% 6.55% 17.49% 20.27% 17.22% 15.76% 17.24% 16.85% 17.21% 14.22% 16.80% 16.91% 15.82%

Based on: 10-Q (filing date: 2020-10-27), 10-Q (filing date: 2020-07-28), 10-Q (filing date: 2020-04-28), 10-K (filing date: 2020-02-06), 10-Q (filing date: 2019-10-25), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-26), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-05-08), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-31), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-03), 10-K (filing date: 2017-02-09), 10-Q (filing date: 2016-11-01), 10-Q (filing date: 2016-08-02), 10-Q (filing date: 2016-05-03), 10-K (filing date: 2016-02-11), 10-Q (filing date: 2015-10-29), 10-Q (filing date: 2015-07-30), 10-Q (filing date: 2015-04-30).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. 3M Co.’s operating income as a percentage of net sales increased from Q1 2020 to Q2 2020 but then slightly decreased from Q2 2020 to Q3 2020.
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.’s income before income taxes as a percentage of net sales increased from Q1 2020 to Q2 2020 but then slightly decreased from Q2 2020 to Q3 2020.
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.’s net income attributable to 3M as a percentage of net sales increased from Q1 2020 to Q2 2020 but then slightly decreased from Q2 2020 to Q3 2020 not reaching Q1 2020 level.