Cash Flow Statement
Quarterly Data
The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company 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.
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- Statement of Comprehensive Income
- Common-Size Balance Sheet: Assets
- Analysis of Reportable Segments
- Enterprise Value (EV)
- Price to FCFE (P/FCFE)
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Operating Profit Margin since 2005
- Return on Assets (ROA) since 2005
- Total Asset Turnover since 2005
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3M Co., consolidated cash flow statement (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
- Net Income Including Noncontrolling Interest
- Net income exhibited considerable volatility over the observed quarters, peaking several times such as in June 2018 and September 2022 with values exceeding 1500 million USD, but also showing notable downturns, for example in March 2017 and June 2022. A sharp surge to 3863 million USD occurred in September 2022, indicating a significant one-time event or operational improvement.
- Depreciation and Amortization
- This expense remained relatively stable with slight fluctuations, consistently ranging between approximately 340 million USD and 510 million USD, with a slight increasing trend towards the later quarters.
- Company Pension and Postretirement Contributions and Expense
- Contributions fluctuated markedly, ranging from negative large cash outflows to smaller amounts, indicating variability in pension-related payments. Expenses were relatively stable around 80 to 110 million USD in most quarters, with some reductions noted in 2021.
- Stock-Based Compensation Expense
- There was considerable quarterly variability, with several peaks notably above 120 million USD, interspersed with lower values around 40 to 60 million USD, reflecting variable stock compensation costs.
- Gain on Business Divestitures
- This item showed large negative spikes in some quarters (e.g., June 2017, June 2018, June 2020) and a significant negative outlier in September 2022 (-2724 million USD), suggesting major divestiture-related losses or write-offs occurred sporadically.
- Deferred Income Taxes
- Values oscillated between positive and negative amounts without a clear trend, indicating fluctuations in tax-related timing differences or adjustments across the quarters.
- Loss on Deconsolidation of Venezuelan Subsidiary
- This was recorded only once in June 2019 with a value of 162 million USD, implying a singular event affecting the financial results in that period.
- Changes in Working Capital Components
- Working capital items including accounts receivable, inventories, and accounts payable showed volatility, with changes alternating between positive and negative quarters. Notably, inventories and accounts receivable experienced large negative swings, while accounts payable generally showed positive spikes, reflecting dynamic operational adjustments.
- Accrued Income Taxes
- Significant fluctuations were noted, often switching between large positive and negative values, indicating variability in tax payments or accruals.
- Changes in Assets and Liabilities
- These showed irregular swings with some quarters recording large positive values (e.g., Q4 2017 and Q4 2019) and others large negatives, underscored by strong quarter-to-quarter fluctuations in working capital and other accrued liabilities.
- Other Non-Operational Adjustments
- This category was volatile, with marked positive and negative movements, pointing to significant non-recurring or non-operational cash flow influences.
- Net Cash Provided by Operating Activities
- This cash flow line experienced significant variability but remained largely positive, with a peak of 2515 million USD towards the end of 2020. Though there were troughs, the general trend showed stable to improving operating cash flow generation.
- Purchases and Sales of Property, Plant, and Equipment (PP&E)
- Capital expenditures were consistent in scale but showed some quarter-to-quarter variation, mostly between -300 to -560 million USD. Proceeds from PP&E sales were minor and inconsistent, signaling modest asset disposals relative to the purchasing activity.
- Acquisitions, Net of Cash Acquired
- Several large negative spikes occurred sporadically, notably in Q4 2017 and Q4 2019, reflecting significant acquisition activity, including a substantial outflow of 4280 million USD in Q4 2019.
- Marketable Securities Activities
- Purchases generally showed moderate fluctuations but were consistently negative, while proceeds from maturities and sales showed varying but mostly positive cash inflows, indicating active portfolio management of investments.
- Proceeds from Sale of Businesses
- This item was irregular, with occasional large inflows particularly in Q2 2017 and Q2 2018, suggesting occasional asset sales or business divestitures driven by strategic decisions.
- Net Cash Provided by (Used in) Investing Activities
- Investing cash flows were highly variable, oscillating between large outflows (e.g., Q4 2019 at -5299 million USD) and inflows, reflective of the timing of acquisitions, divestitures, and capital expenditure payments.
- Debt Transactions
- Net changes in short-term debt and long-term debt repayments and issuances showed considerable fluctuations. Some quarters evidenced substantial repayments, others significant borrowings, indicating active management of debt maturities and refinancing efforts.
- Treasury Stock Transactions
- Purchases of treasury stock were consistently negative and quite substantial, particularly notable in several quarters exceeding -800 million USD, reflecting a pattern of share buybacks. Issuance proceeds related to stock options partially offset these outflows in most periods.
- Dividends Paid
- Dividend payments were steady and consistent over the time frame, averaging around -800 million USD quarterly, showing a stable dividend policy.
- Net Cash Provided by (Used in) Financing Activities
- Financing cash flows fluctuated widely between substantial inflows and outflows, with significant negative values dominating, especially in mid-2018 and parts of 2020 and 2021, driven largely by debt repayments, stock repurchases, and dividends.
- Effect of Exchange Rate Changes
- The impact of currency fluctuations on cash was modest but generally negative, with some positive quarters, suggesting external currency volatility influenced cash balances to a limited extent.
- Net Increase (Decrease) in Cash and Cash Equivalents
- Cash balances experienced considerable volatility, with sharp increases and decreases reflecting the combined effects of operating, investing, and financing cash flows. Some quarters had large positive changes (e.g., Q3 2019), while others showed notable liquidity reductions (e.g., Q4 2019).