Stock Analysis on Net
Stock Analysis on Net
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3M Co. (NYSE:MMM)

Balance Sheet: Assets
Quarterly Data

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

3M Co., consolidated balance sheet: assets (quarterly data)

US$ in millions

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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
Cash and cash equivalents 4,219  4,253  2,353  7,731  2,849  2,938  2,853  3,185  2,801  3,491  3,053  2,831  2,654  2,173  2,398  2,308  1,688  1,337  1,798  1,605  2,983  1,791 
Marketable securities, current 247  224  98  30  139  539  380  338  385  604  1,076  586  140  141  280  358  177  176  118  153  502  1,018 
Accounts receivable, net of allowances 4,459  4,821  4,791  5,020  5,374  5,173  5,020  5,329  5,383  5,252  4,911  5,156  4,919  4,722  4,392  4,743  4,667  4,485  4,154  4,610  4,578  4,408 
Finished goods 1,932  2,021  2,003  1,890  1,980  2,221  2,120  2,125  1,979  2,025  1,915  1,962  1,863  1,764  1,629  1,672  1,676  1,699  1,655  1,745  1,765  1,713 
Work in process 1,246  1,214  1,194  1,231  1,348  1,333  1,292  1,350  1,292  1,313  1,218  1,164  1,145  1,078  1,039  1,157  1,165  1,157  1,008  1,061  1,132  1,116 
Raw materials and supplies 990  982  937  886  972  984  954  962  967  957  901  849  830  770  717  782  772  771  855  903  950  875 
Inventories 4,168  4,217  4,134  4,007  4,300  4,538  4,366  4,437  4,238  4,295  4,034  3,975  3,838  3,612  3,385  3,611  3,613  3,627  3,518  3,709  3,847  3,704 
Prepaids 567  604  704  717  949  713  741  745  713  832  937  —  —  —  —  —  —  —  —  —  —  — 
Other current assets 446  971  891  515  440  473  349  385  370  344  266  1,108  1,090  1,253  1,271  1,159  1,291  1,249  1,398  1,531  1,521  1,597 
Current assets 14,106  15,090  12,971  18,020  14,051  14,374  13,709  14,419  13,890  14,818  14,277  13,656  12,641  11,901  11,726  12,179  11,436  10,874  10,986  11,608  13,431  12,518 
Property, plant and equipment 25,943  26,000  26,124  25,508  25,565  25,124  24,873  24,765  24,758  25,174  24,914  24,659  24,292  23,946  23,499  24,142  23,793  23,564  23,098  22,940  22,851  22,473 
Accumulated depreciation (16,854) (16,835) (16,791) (16,617) (16,567) (16,295) (16,135) (16,135) (16,113) (16,310) (16,048) (16,001) (15,726) (15,395) (14,983) (15,471) (15,189) (14,950) (14,583) (14,470) (14,462) (14,187)
Property, plant and equipment, net 9,089  9,165  9,333  8,891  8,998  8,829  8,738  8,630  8,645  8,864  8,866  8,658  8,566  8,551  8,516  8,671  8,604  8,614  8,515  8,470  8,389  8,286 
Operating lease right of use assets 840  849  858  834  879  797  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Goodwill 13,360  13,312  13,444  10,410  10,574  10,611  10,051  10,123  10,107  10,570  10,513  9,221  9,105  9,258  9,166  9,430  9,356  9,375  9,249  9,354  6,985  6,934 
Intangible assets, net 6,033  6,191  6,379  2,847  2,964  3,047  2,657  2,726  2,787  2,885  2,936  2,175  2,201  2,269  2,320  2,422  2,477  2,551  2,601  2,632  1,355  1,396 
Other assets 1,651  1,605  1,674  1,548  1,503  1,482  1,345  1,377  1,349  1,438  1,395  1,527  1,444  1,313  1,178  1,349  1,362  1,568  1,367  1,194  1,228  1,509 
Non-current assets 30,973  31,122  31,688  24,530  24,918  24,766  22,791  22,856  22,888  23,757  23,710  21,581  21,316  21,391  21,180  21,872  21,799  22,108  21,732  21,650  17,957  18,125 
Total assets 45,079  46,212  44,659  42,550  38,969  39,140  36,500  37,275  36,778  38,575  37,987  35,237  33,957  33,292  32,906  34,051  33,235  32,982  32,718  33,258  31,388  30,643 

Based on: 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).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. 3M Co.’s current assets increased from Q4 2019 to Q1 2020 but then slightly decreased from Q1 2020 to Q2 2020.
Property, plant and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. 3M Co.’s property, plant and equipment, net decreased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Non-current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. 3M Co.’s non-current assets decreased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. 3M Co.’s total assets increased from Q4 2019 to Q1 2020 but then slightly decreased from Q1 2020 to Q2 2020 not reaching Q4 2019 level.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. 3M Co.’s cash and cash equivalents increased from Q4 2019 to Q1 2020 but then slightly decreased from Q1 2020 to Q2 2020.
Marketable securities, current Amount of investment in marketable security, classified as current. 3M Co.’s marketable securities, current increased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Accounts receivable, net of allowances Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. 3M Co.’s accounts receivable, net of allowances increased from Q4 2019 to Q1 2020 but then decreased significantly from Q1 2020 to Q2 2020.
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. 3M Co.’s inventories increased from Q4 2019 to Q1 2020 but then slightly decreased from Q1 2020 to Q2 2020 not reaching Q4 2019 level.