$MMM
3M CO

2013 Q2 Form 10-Q Financial Statement

#000110465914055558 Filed on July 31, 2014

View on sec.gov

Income Statement

Concept 2013 Q2
Revenue $7.752B
YoY Change 2.89%
Cost Of Revenue $4.013B
YoY Change 3.7%
Gross Profit $3.739B
YoY Change 2.05%
Gross Profit Margin 48.23%
Selling, General & Admin $1.610B
YoY Change 5.37%
% of Gross Profit 43.06%
Research & Development $427.0M
YoY Change 4.66%
% of Gross Profit 11.42%
Depreciation & Amortization $335.0M
YoY Change 4.36%
% of Gross Profit 8.96%
Operating Expenses $1.610B
YoY Change 5.37%
Operating Profit $2.129B
YoY Change 23.21%
Interest Expense -$52.00M
YoY Change 57.58%
% of Operating Profit -2.44%
Other Income/Expense, Net -$31.00M
YoY Change -6.06%
Pretax Income $1.671B
YoY Change -1.42%
Income Tax $458.0M
% Of Pretax Income 27.41%
Net Earnings $1.197B
YoY Change 2.57%
Net Earnings / Revenue 15.44%
Basic Earnings Per Share $1.74
Diluted Earnings Per Share $1.71
COMMON SHARES
Basic Shares Outstanding 688.2M shares
Diluted Shares Outstanding 699.1M shares

Balance Sheet

Concept 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.252B
YoY Change -13.28%
Cash & Equivalents $2.942B
Short-Term Investments $1.310B
Other Short-Term Assets $1.270B
YoY Change 9.01%
Inventory $3.919B
Prepaid Expenses
Receivables $4.542B
Other Receivables $0.00
Total Short-Term Assets $13.98B
YoY Change -0.75%
LONG-TERM ASSETS
Property, Plant & Equipment $8.329B
YoY Change 8.08%
Goodwill $7.231B
YoY Change 2.29%
Intangibles $1.786B
YoY Change -3.04%
Long-Term Investments $1.696B
YoY Change 43.36%
Other Assets $1.083B
YoY Change -22.97%
Total Long-Term Assets $20.15B
YoY Change 4.65%
TOTAL ASSETS
Total Short-Term Assets $13.98B
Total Long-Term Assets $20.15B
Total Assets $34.13B
YoY Change 2.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.920B
YoY Change 7.14%
Accrued Expenses $589.0M
YoY Change -0.67%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $1.062B
YoY Change 63.38%
Total Short-Term Liabilities $6.335B
YoY Change 11.0%
LONG-TERM LIABILITIES
Long-Term Debt $4.884B
YoY Change -13.66%
Other Long-Term Liabilities $1.683B
YoY Change -3.66%
Total Long-Term Liabilities $6.567B
YoY Change -11.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.335B
Total Long-Term Liabilities $6.567B
Total Liabilities $15.81B
YoY Change -3.98%
SHAREHOLDERS EQUITY
Retained Earnings $31.72B
YoY Change 7.64%
Common Stock $4.252B
YoY Change 7.29%
Preferred Stock
YoY Change
Treasury Stock (at cost) $12.93B
YoY Change 7.63%
Treasury Stock Shares 260.6M shares
Shareholders Equity $17.88B
YoY Change
Total Liabilities & Shareholders Equity $34.13B
YoY Change 2.37%

Cashflow Statement

Concept 2013 Q2
OPERATING ACTIVITIES
Net Income $1.197B
YoY Change 2.57%
Depreciation, Depletion And Amortization $335.0M
YoY Change 4.36%
Cash From Operating Activities $1.679B
YoY Change 20.88%
INVESTING ACTIVITIES
Capital Expenditures -$394.0M
YoY Change 10.06%
Acquisitions
YoY Change
Other Investing Activities $59.00M
YoY Change -113.02%
Cash From Investing Activities -$335.0M
YoY Change -58.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.241B
YoY Change -375.17%
NET CHANGE
Cash From Operating Activities 1.679B
Cash From Investing Activities -335.0M
Cash From Financing Activities -1.241B
Net Change In Cash 103.0M
YoY Change -89.99%
FREE CASH FLOW
Cash From Operating Activities $1.679B
Capital Expenditures -$394.0M
Free Cash Flow $2.073B
YoY Change 18.66%

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-25000000
CY2014Q2 mmm Year On Year Derivative And Other Transaction Gain Loss Impact On Net Income
YearOnYearDerivativeAndOtherTransactionGainLossImpactOnNetIncome
-22000000
mmm Year On Year Currency Effects Impact On Net Income
YearOnYearCurrencyEffectsImpactOnNetIncome
-54000000
mmm Year On Year Derivative And Other Transaction Gain Loss Impact On Net Income
YearOnYearDerivativeAndOtherTransactionGainLossImpactOnNetIncome
-25000000
CY2013Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
84000000
CY2014Q2 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
57000000
CY2014Q2 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
70000000
CY2013Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
110000000
CY2014Q2 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
37000000
CY2014Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
12000000
CY2013Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
10000000
CY2014Q2 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
24000000
CY2013Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
33000000
CY2013Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
59000000
CY2013Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
7000000
CY2013Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
11000000
CY2012Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
7000000
CY2014Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
0
CY2013Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
0
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
0
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
0
CY2014Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
0
CY2013Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
3000000
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
1000000
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
3000000
CY2014Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases Sales Issuances Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSalesIssuancesSettlements
0
CY2013Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases Sales Issuances Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSalesIssuancesSettlements
0
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases Sales Issuances Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSalesIssuancesSettlements
0
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases Sales Issuances Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSalesIssuancesSettlements
0
CY2014Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
0
CY2013Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
0
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
0
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
0
CY2014Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
12000000
CY2014Q2 us-gaap Fair Value Instruments Classified In Shareholders Equity Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueInstrumentsClassifiedInShareholdersEquityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
0
CY2013Q2 us-gaap Fair Value Instruments Classified In Shareholders Equity Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueInstrumentsClassifiedInShareholdersEquityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
0
us-gaap Fair Value Instruments Classified In Shareholders Equity Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueInstrumentsClassifiedInShareholdersEquityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
0
us-gaap Fair Value Instruments Classified In Shareholders Equity Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueInstrumentsClassifiedInShareholdersEquityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
0
CY2014Q2 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
39000000
CY2013Q2 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
34000000
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
121000000
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
105000000
CY2014Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
52000000
CY2013Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
47000000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
174000000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
150000000
CY2014Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
13000000
CY2013Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
13000000
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
53000000
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
45000000
mmm Share Based Compensation Arrangement By Share Based Payment Award Expense Portion Attributable To Retiree Eligible Population Percent
ShareBasedCompensationArrangementByShareBasedPaymentAwardExpensePortionAttributableToRetireeEligiblePopulationPercent
0.33 pure
mmm Share Based Compensation Arrangement By Share Based Payment Award Expense Recognition Years Of Service Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardExpenseRecognitionYearsOfServiceNumber
P5Y
mmm Share Based Compensation Arrangement By Share Based Payment Award Expense Recognition Eligible For Retirement Age
ShareBasedCompensationArrangementByShareBasedPaymentAwardExpenseRecognitionEligibleForRetirementAge
P55Y
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
5

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