Microsoft Excel LibreOffice Calc

3M Co. (MMM)


Cash Flow Statement

Difficulty: Beginner

The cash flow statement provides information about a company’s cash receipts and cash payments during an accounting period, showing how these cash flaws link the ending cash balance to the beginning balance shown on the company’s balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

3M Co., consolidated cash flow 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 income including noncontrolling interest 5,363  4,869  5,058  4,841  4,998 
Depreciation and amortization 1,488  1,544  1,474  1,435  1,408 
Company pension and postretirement contributions (370) (967) (383) (267) (215)
Company pension and postretirement expense 410  333  251  556  391 
Stock-based compensation expense 302  324  298  276  280 
Gain on sale of businesses (545) (586) (111) (47) — 
Deferred income taxes (57) 107  395  (146)
Excess tax benefits from stock-based compensation —  —  —  (154) (167)
Accounts receivable (305) (245) (313) (58) (268)
Inventories (509) (387) 57  (113)
Accounts payable 408  24  148  75 
Accrued income taxes, current and long-term 134  967  101  (744) 206 
Changes in assets and liabilities (272) 359  (7) (790) (100)
Other, net 120  257  75  175  177 
Adjustments to reconcile net income including noncontrolling interest to net cash provided by operating activities 1,076  1,371  1,604  1,579  1,628 
Net cash provided by operating activities 6,439  6,240  6,662  6,420  6,626 
Purchases of property, plant and equipment (PP&E) (1,577) (1,373) (1,420) (1,461) (1,493)
Proceeds from sale of PP&E and other assets 262  49  58  33  135 
Acquisitions, net of cash acquired 13  (2,023) (16) (2,914) (94)
Purchases of marketable securities and investments (1,828) (2,152) (1,410) (652) (1,280)
Proceeds from maturities and sale of marketable securities and investments 2,497  1,354  1,247  1,952  2,034 
Proceeds from sale of businesses, net of cash sold 846  1,065  142  123  — 
Other, net (6) (4) 102  102 
Net cash (used in) provided by investing activities 222  (3,086) (1,403) (2,817) (596)
Change in short-term debt, net (284) 578  (797) 860  27 
Repayment of debt, maturities greater than 90 days (1,034) (962) (992) (800) (1,625)
Proceeds from debt, maturities greater than 90 days 2,251  1,987  2,832  3,422  2,608 
Purchases of treasury stock (4,870) (2,068) (3,753) (5,238) (5,652)
Proceeds from issuance of treasury stock pursuant to stock option and benefit plans 485  734  804  635  968 
Dividends paid to shareholders (3,193) (2,803) (2,678) (2,561) (2,216)
Excess tax benefits from stock-based compensation —  —  —  154  167 
Purchase of noncontrolling interest —  —  —  —  (861)
Other, net (56) (121) (42) (120) (19)
Net cash used in financing activities (6,701) (2,655) (4,626) (3,648) (6,603)
Effect of exchange rate changes on cash and cash equivalents (160) 156  (33) (54) (111)
Net increase (decrease) in cash and cash equivalents (200) 655  600  (99) (684)
Cash and cash equivalents at beginning of year 3,053  2,398  1,798  1,897  2,581 
Cash and cash equivalents at end of year 2,853  3,053  2,398  1,798  1,897 

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 cash provided by operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. 3M Co.’s net cash provided by operating activities declined from 2016 to 2017 but then slightly increased from 2017 to 2018.
Net cash (used in) provided by investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. 3M Co.’s net cash (used in) provided by investing activities declined from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.
Net cash used in financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. 3M Co.’s net cash used in financing activities increased from 2016 to 2017 but then declined significantly from 2017 to 2018.