| Address:
|
3M CENTER
BLDG. 220-11W-02 |
| City: |
ST PAUL |
|
State: |
MN |
|
Zip Code: |
55144-1000 |
| Telephone: |
651-733-2204 |
|
Description of Business
|
Primary SIC Code:
3841 |
| (As filed with the SEC)
|
|
|
3M Company, formerly known as Minnesota Mining and Manufacturing Company, was
incorporated in 1929 under the laws of the State of Delaware to continue
operations begun in 1902. The Company's ticker symbol is MMM. As used herein,
the term "3M" or "Company" includes 3M Company and its subsidiaries unless the
context indicates otherwise. In addition, for any references to Note 1 through
Note 18, refer to the Notes to Consolidated Financial Statements in Item 8 of
this document.
Available Information
The SEC maintains a website that contains reports, proxy and information
statements, and other information regarding issuers, including the Company, that
file electronically with the SEC. The public can obtain any documents that the
Company files with the SEC at http://www.sec.gov. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2008 | 5.30 | 0.500 | 12.89 | | 06/2008 | 5.20 | 0.500 | 13.38 | | 03/2008 | 5.13 | 0.500 | 15.43 | | 12/2007 | 5.60 | 0.480 | 15.06 | | 09/2007 | 5.98 | 0.480 | 15.65 | | 06/2007 | 5.85 | NA | 14.84 | | 03/2007 | 5.74 | 0.480 | 13.32 | | 12/2006 | 5.06 | 0.460 | 15.40 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2007 |
Leverage |
2007 |
| Net Inc/Comm Equity | -0.53 | Total Liab/Total Assets | 0.52 | | Net Inc/Total Assets | 0.17 | Total Liab/Inv Cap | 0.70 | | Net Inc/Inv Cap | 0.22 | Total Liab/Comm Equity | -1.68 | | Pretax Inc/Net Sales | 0.25 | Interest Coverage Ratio | 30.12 | | Net Inc/Net Sales | 0.17 | Curr Debt/Equity | 0.08 | | Cash Flow/Net Sales | 0.17 | LTD/Equity | 0.35 | | SG&A/NetSales | 0.21 | Total Debt/Equity | 0.42 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 6.29 | Quick Ratio | 1.30 | | Inventory Turnover | 4.67 | Current Ratio | 1.83 | | Inventory Day Sales | 0.01 | Net Rec/Curr Assets | 0.41 | | Net Sales/Work Cap | 5.47 | Inv/Curr Assets | 0.29 | | Net Sales/PP&E | 3.72 | | |
Income Statement (Millions) |
| |
9/30/2008
|
6/30/2008
|
3/31/2008
|
12/31/2007
|
|
Total Revenues(Net Sales)
|
6,558.00
|
6,739.00
|
6,463.00
|
6,206.00
|
|
Cost of Goods Sold
|
3,432.00
|
3,510.00
|
3,336.00
|
3,298.00
|
|
Selling & Admin Exps
|
1,269.00
|
1,394.00
|
1,275.00
|
1,274.00
|
|
Operating Income
|
1,513.00
|
1,449.00
|
1,501.00
|
1,270.00
|
|
Interest Exp
|
52.00
|
51.00
|
55.00
|
71.00
|
|
Pretax Income
|
1,489.00
|
1,416.00
|
1,476.00
|
1,237.00
|
|
Other Income
|
28.00
|
18.00
|
30.00
|
38.00
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
991.00
|
945.00
|
988.00
|
851.00
|
|
Assets
|
9/30/2008
|
6/30/2008
|
3/31/2008
|
12/31/2007
|
|
Cash & Short Term Investments
|
2,967.00
|
2,002.00
|
3,294.00
|
2,475.00
|
|
Receivables - Total
|
3,763.00
|
3,943.00
|
3,776.00
|
4,010.00
|
|
Inventories - Total
|
3,078.00
|
3,175.00
|
3,021.00
|
2,852.00
|
|
Total Current Assets
|
10,788.00
|
10,539.00
|
11,325.00
|
9,838.00
|
|
Net Property, Plant & Equipment
|
6,809.00
|
6,919.00
|
6,775.00
|
6,582.00
|
|
Total Assets
|
27,609.00
|
27,358.00
|
26,769.00
|
24,694.00
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
2,787.00
|
2,960.00
|
2,862.00
|
3,108.00
|
|
Debt in Current Liabilities
|
2,257.00
|
1,913.00
|
2,042.00
|
901.00
|
|
Total Current Liabilities
|
7,008.00
|
6,987.00
|
6,700.00
|
5,362.00
|
|
Long-Term Debt
|
4,779.00
|
4,095.00
|
4,140.00
|
4,088.00
|
|
Total Liabilities
|
15,408.00
|
14,823.00
|
14,334.00
|
12,947.00
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
325.00
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
9.00
|
9.00
|
9.00
|
9.00
|
|
Retained Earnings
|
22,070.00
|
21,437.00
|
20,929.00
|
20,316.00
|
|
Treasury Stock
|
-11,717.00
|
-11,302.00
|
-10,900.00
|
-10,520.00
|
|
Total Stockholders' Equity
|
12,201.00
|
12,535.00
|
12,435.00
|
11,747.00
|
|
Total Liabilities and Stockholders' Equity
|
27,609.00
|
27,358.00
|
26,769.00
|
24,694.00
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2008
|
6/30/2008
|
3/31/2008
|
12/31/2007
|
|
Net Cash Provided by Operating Activities
|
1,168.00
|
1,243.00
|
997.00
|
1,556.00
|
|
Net Cash Provided by Investing Activities
|
-542.00
|
-1,003.00
|
-464.00
|
-189.00
|
|
Net Cash Provided by Financing Activities
|
214.00
|
-1,432.00
|
315.00
|
-1,110.00
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2003 | 18,232.00 | 2,403.00 | 3.02 | | 12/2004 | 20,011.00 | 2,990.00 | 3.75 | | 12/2005 | 21,167.00 | 3,199.00 | 4.16 | | 12/2006 | 22,923.00 | 3,851.00 | 5.06 | | 12/2007 | 24,462.00 | 4,096.00 | 5.60 | | Growth Rates | 7.63 | 14.26 | 16.69 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 09/30/08 | 1216 | 468,373 | 67.59 |
|
Report Date :
11/11/2008
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