Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

3M Co. (NYSE:MMM)

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Income Statement

Beginner level

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

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12 months ended: Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Research, development and related expenses
Gain on sale of businesses
Operating income
Interest expense
Interest income
Pension and postretirement net periodic benefit benefit
Loss on deconsolidation of Venezuelan subsidiary
Other income (expense), net
Income before income taxes
Provision for income taxes
Income of consolidated group
Loss from unconsolidated subsidiaries, net of taxes
Net income including noncontrolling interest
Net income attributable to noncontrolling interest
Net income attributable to 3M

Based on: 10-K (filing date: 2021-02-04), 10-K (filing date: 2020-02-06), 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-08), 10-K (filing date: 2017-02-09).

Income statement 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 decreased from 2018 to 2019 but then slightly increased from 2019 to 2020.
Operating income The net result for the period of deducting operating expenses from operating revenues. 3M Co.’s operating income decreased from 2018 to 2019 but then increased from 2019 to 2020 not reaching 2018 level.
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 decreased from 2018 to 2019 but then increased from 2019 to 2020 not reaching 2018 level.
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 decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.