$MMM
3M CO

2009 Q3 Form 10-Q Financial Statement

#000110465909061503 Filed on October 30, 2009

View on sec.gov

Income Statement

Concept 2009 Q3 2008 Q3
Revenue $6.193B $6.558B
YoY Change -5.57% 6.17%
Cost Of Revenue $3.171B $3.432B
YoY Change -7.6% 5.93%
Gross Profit $3.022B $3.126B
YoY Change -3.33% 6.44%
Gross Profit Margin 48.8% 47.67%
Selling, General & Admin $1.209B $1.269B
YoY Change -4.73% 8.09%
% of Gross Profit 40.01% 40.6%
Research & Development $335.0M $344.0M
YoY Change -2.62% 1.78%
% of Gross Profit 11.09% 11.0%
Depreciation & Amortization $290.0M $293.0M
YoY Change -1.02% 11.41%
% of Gross Profit 9.6% 9.37%
Operating Expenses $1.209B $1.269B
YoY Change -4.73% 8.09%
Operating Profit $1.478B $1.513B
YoY Change -2.31% 6.18%
Interest Expense -$47.00M -$24.00M
YoY Change 95.83% 50.0%
% of Operating Profit -3.18% -1.59%
Other Income/Expense, Net -$47.00M -$24.00M
YoY Change 95.83% 50.0%
Pretax Income $1.431B $1.489B
YoY Change -3.9% 5.68%
Income Tax $460.0M $479.0M
% Of Pretax Income 32.15% 32.17%
Net Earnings $957.0M $991.0M
YoY Change -3.43% 3.23%
Net Earnings / Revenue 15.45% 15.11%
Basic Earnings Per Share $1.36 $1.43
Diluted Earnings Per Share $1.35 $1.41
COMMON SHARES
Basic Shares Outstanding 702.8M shares 695.5M shares
Diluted Shares Outstanding 710.8M shares 703.1M shares

Balance Sheet

Concept 2009 Q3 2008 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.936B $2.967B
YoY Change 32.66% 9.93%
Cash & Equivalents $3.239B $2.240B
Short-Term Investments $697.0M $727.0M
Other Short-Term Assets $987.0M $980.0M
YoY Change 0.71% -18.6%
Inventory $2.635B $3.078B
Prepaid Expenses
Receivables $3.638B $3.763B
Other Receivables $0.00 $0.00
Total Short-Term Assets $11.20B $10.79B
YoY Change 3.78% 3.73%
LONG-TERM ASSETS
Property, Plant & Equipment $6.923B $6.809B
YoY Change 1.67% 7.4%
Goodwill $5.861B $5.573B
YoY Change 5.17%
Intangibles $1.392B $1.263B
YoY Change 10.21%
Long-Term Investments $625.0M $771.0M
YoY Change -18.94% -9.4%
Other Assets $1.595B $555.0M
YoY Change 187.39% -65.93%
Total Long-Term Assets $16.44B $16.82B
YoY Change -2.28% 20.54%
TOTAL ASSETS
Total Short-Term Assets $11.20B $10.79B
Total Long-Term Assets $16.44B $16.82B
Total Assets $27.63B $27.61B
YoY Change 0.09% 13.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.404B $1.557B
YoY Change -9.83% 3.59%
Accrued Expenses $685.0M $660.0M
YoY Change 3.79% 8.2%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $921.0M $2.257B
YoY Change -59.19% -6.15%
Total Short-Term Liabilities $5.766B $7.008B
YoY Change -17.72% -1.86%
LONG-TERM LIABILITIES
Long-Term Debt $5.204B $4.779B
YoY Change 8.89% 69.23%
Other Long-Term Liabilities $1.686B $3.621B
YoY Change -53.44% 5.88%
Total Long-Term Liabilities $6.890B $8.400B
YoY Change -17.98% 34.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.766B $7.008B
Total Long-Term Liabilities $6.890B $8.400B
Total Liabilities $14.71B $15.41B
YoY Change -4.5% 15.11%
SHAREHOLDERS EQUITY
Retained Earnings $23.25B $22.07B
YoY Change 5.36%
Common Stock $3.098B $2.973B
YoY Change 4.2%
Preferred Stock
YoY Change
Treasury Stock (at cost) $10.62B $11.72B
YoY Change -9.35%
Treasury Stock Shares 236.1M shares 251.1M shares
Shareholders Equity $12.36B $12.20B
YoY Change
Total Liabilities & Shareholders Equity $27.63B $27.61B
YoY Change 0.09% 13.36%

Cashflow Statement

Concept 2009 Q3 2008 Q3
OPERATING ACTIVITIES
Net Income $957.0M $991.0M
YoY Change -3.43% 3.23%
Depreciation, Depletion And Amortization $290.0M $293.0M
YoY Change -1.02% 11.41%
Cash From Operating Activities $1.736B $1.168B
YoY Change 48.63% 12.85%
INVESTING ACTIVITIES
Capital Expenditures -$175.0M -$376.0M
YoY Change -53.46% -0.79%
Acquisitions
YoY Change
Other Investing Activities -$526.0M -$166.0M
YoY Change 216.87% -62.95%
Cash From Investing Activities -$701.0M -$542.0M
YoY Change 29.34% -34.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -290.0M 214.0M
YoY Change -235.51% 311.54%
NET CHANGE
Cash From Operating Activities 1.736B 1.168B
Cash From Investing Activities -701.0M -542.0M
Cash From Financing Activities -290.0M 214.0M
Net Change In Cash 745.0M 840.0M
YoY Change -11.31% 223.08%
FREE CASH FLOW
Cash From Operating Activities $1.736B $1.168B
Capital Expenditures -$175.0M -$376.0M
Free Cash Flow $1.911B $1.544B
YoY Change 23.77% 9.19%

Facts In Submission

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CY2008Q4 us-gaap Inventory Net
InventoryNet
3013000000 usd
CY2008Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1168000000 usd
CY2008Q4 us-gaap Assets Current
AssetsCurrent
9598000000 usd
CY2008Q4 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
352000000 usd
CY2008Q4 us-gaap Long Term Investments
LongTermInvestments
111000000 usd
CY2008Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
18812000000 usd
CY2008Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
11926000000 usd
CY2008Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6886000000 usd
CY2008Q4 us-gaap Goodwill
Goodwill
5753000000 usd
CY2008Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1398000000 usd
CY2008Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
36000000 usd
CY2008Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1659000000 usd
CY2008Q4 us-gaap Assets
Assets
25793000000 usd
CY2008Q4 us-gaap Debt Current
DebtCurrent
1552000000 usd
CY2008Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
1301000000 usd
CY2008Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
644000000 usd
CY2008Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
350000000 usd
CY2008Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1992000000 usd
CY2008Q4 us-gaap Liabilities Current
LiabilitiesCurrent
5839000000 usd
CY2008Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
5166000000 usd
CY2008Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
2847000000 usd
CY2008Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1637000000 usd
CY2008Q4 us-gaap Liabilities
Liabilities
15489000000 usd
CY2008Q4 us-gaap Common Stock Value
CommonStockValue
9000000 usd
CY2008Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
3006000000 usd
CY2008Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
22227000000 usd
CY2008Q4 us-gaap Treasury Stock Value
TreasuryStockValue
11676000000 usd
CY2008Q4 us-gaap Unearned Esop Shares
UnearnedESOPShares
40000000 usd
CY2008Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-3646000000 usd
CY2008Q4 us-gaap Stockholders Equity
StockholdersEquity
9880000000 usd
CY2008Q4 us-gaap Minority Interest
MinorityInterest
424000000 usd
CY2008Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
10304000000 usd
CY2008Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
25793000000 usd
CY2009Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
.01
CY2009Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
944033056 shares
CY2009Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
236074788 shares
CY2008Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
250489769 shares
CY2008Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2008Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
944033056 shares
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2009-09-30
dei Amendment Flag
AmendmentFlag
false
dei Entity Registrant Name
EntityRegistrantName
3M Company
dei Entity Central Index Key
EntityCentralIndexKey
0000066740
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2008Q2 dei Entity Public Float
EntityPublicFloat
48600000000 usd
CY2009Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
707958268 shares
us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
-545000000 usd
us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
1562000000 usd

Files In Submission

Name View Source Status
0001104659-09-061503-index-headers.html Edgar Link pending
0001104659-09-061503-index.html Edgar Link pending
0001104659-09-061503.txt Edgar Link pending
a09-31102_110q.htm Edgar Link pending
a09-31102_1ex12.htm Edgar Link pending
a09-31102_1ex15.htm Edgar Link pending
a09-31102_1ex31d1.htm Edgar Link pending
a09-31102_1ex31d2.htm Edgar Link pending
a09-31102_1ex32d1.htm Edgar Link pending
a09-31102_1ex32d2.htm Edgar Link pending
defnref.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
mmm-20090930.xml Edgar Link completed
mmm-20090930.xsd Edgar Link pending
mmm-20090930_cal.xml Edgar Link unprocessable
mmm-20090930_lab.xml Edgar Link unprocessable
mmm-20090930_pre.xml Edgar Link unprocessable
R1.xml Edgar Link unprocessable
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