3M Company
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. 3M Company's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 5% to $32,681,000,000. Profit margin reached -21%. Total operating expenses were $23,332,000,000.
Profit Margin
| 2014 | 31.82B | 4.95B | 15.57% |
|---|---|---|---|
| 2015 | 30.27B | 4.83B | 15.96% |
| 2016 | 30.10B | 5.05B | 16.77% |
| 2017 | 31.65B | 4.85B | 15.35% |
| 2018 | 32.76B | 5.34B | 16.33% |
| 2019 | 32.13B | 4.57B | 14.22% |
| 2020 | 32.18B | 5.44B | 16.93% |
| 2021 | 35.35B | 5.92B | 16.75% |
| 2022 | 34.22B | 5.77B | 16.88% |
| 2023 | 32.68B | -6.99B | -21.4% |
MMM Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 32.68B | 34.22B | 35.35B | 32.18B | 32.13B | 32.76B | 31.65B | 30.10B | 30.27B | 31.82B |
Cost of revenue | 18.47B | 19.23B | 18.79B | 16.60B | 17.13B | 16.68B | 16.00B | 15.04B | 15.38B | 16.44B |
Gross profit | 14.20B | 14.99B | 16.56B | 15.57B | 15B | 16.08B | 15.65B | 15.06B | 14.89B | 15.37B |
Operating exp. | ||||||||||
Research and development | 1.84B | 1.86B | 1.99B | 1.87B | 1.91B | 1.82B | 1.85B | 1.73B | 1.76B | 1.77B |
Selling and marketing | 0 | 248M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total operating expenses | 23.33B | 10.91B | 9.19B | 8.80B | 8.94B | 9.42B | 8.42B | 7.84B | 7.94B | 8.23B |
Operating income | -9.12B | 6.53B | 5.45B | 4.47B | 4.35B | 7.20B | 7.82B | 7.22B | 6.94B | 7.13B |
Other income (expenses), net | -560M | -147M | 1.75B | -366M | 1.35B | -207M | -272M | -170M | -123M | -109M |
Income before tax | -9.68B | 6.39B | 7.20B | 6.71B | 5.71B | 7B | 7.54B | 7.05B | 6.82B | 7.02B |
Income tax expense | -2.69B | 612M | 1.28B | 1.31B | 1.13B | 1.63B | 2.67B | 1.99B | 1.98B | 2.02B |
Net income | -6.99B | 5.77B | 5.92B | 5.44B | 4.57B | 5.34B | 4.85B | 5.05B | 4.83B | 4.95B |
Earnings per share | ||||||||||
Basic EPS | -12.63 | 10.21 | 10.23 | 9.43 | 7.92 | 9.09 | 8.13 | 8.35 | 7.73 | 7.63 |
Diluted EPS | -12.63 | 10.18 | 10.12 | 9.36 | 7.81 | 8.89 | 7.93 | 8.16 | 7.58 | 7.49 |
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