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Microsoft Excel LibreOffice Calc

3M Co. (MMM)


Income Statement

Difficulty: Beginner

The income statement presents information on the financial results of a company’s business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

3M Co., consolidated income statement

US$ in millions

Microsoft Excel LibreOffice Calc
12 months ended Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Net sales hidden hidden hidden hidden hidden
Cost of sales hidden hidden hidden hidden hidden
Gross profit hidden hidden hidden hidden hidden
Selling, general and administrative expenses hidden hidden hidden hidden hidden
Research, development and related expenses hidden hidden hidden hidden hidden
Gain on sale of businesses hidden hidden hidden hidden hidden
Operating income hidden hidden hidden hidden hidden
Interest expense hidden hidden hidden hidden hidden
Interest income hidden hidden hidden hidden hidden
Pension and postretirement net periodic benefit (cost) benefit hidden hidden hidden hidden hidden
Other income (expense), net hidden hidden hidden hidden hidden
Income before income taxes hidden hidden hidden hidden hidden
Provision for income taxes hidden hidden hidden hidden hidden
Net income including noncontrolling interest hidden hidden hidden hidden hidden
Net income attributable to noncontrolling interest hidden hidden hidden hidden hidden
Net income attributable to 3M hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-08), 10-K (filing date: 2017-02-09), 10-K (filing date: 2016-02-11), 10-K (filing date: 2015-02-12).

Item Description The company
Net sales Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. 3M Co.’s net sales increased from 2016 to 2017 and from 2017 to 2018.
Operating income The net result for the period of deducting operating expenses from operating revenues. 3M Co.’s operating income increased from 2016 to 2017 but then declined significantly from 2017 to 2018.
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 increased from 2016 to 2017 but then declined significantly from 2017 to 2018.
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 declined from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.