Question
Calculation to perform(On the most recent year): Prepare a horizontal (Trend) analysis for the balance sheet Prepare a horizontal (Trend) analysis for the income statement
Calculation to perform(On the most recent year):
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Prepare a horizontal (Trend) analysis for the balance sheet
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Prepare a horizontal (Trend) analysis for the income statement
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Prepare a vertical ( common size) analysis for the balance sheet
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Prepare a vertical (common size) analysis for the income statement
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Net profit margin
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Gross profit percentage
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Fixed asset turnover ratio
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Return on Equity (ROE)
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Earning per share(EPS)
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Price/Earning Ratio( P/E)
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Receivable turnover ratio and days to collect
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Inventory turnover ratio and days to sell
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Current ratio
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Debt-to-assets ratio
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Times interest earned
3M CO | ||||
INCOME_STATEMENT | ||||
Form Type: 10-K | ||||
Period End: Dec 31, 2020 | ||||
Date Filed: Feb 04, 2021 | ||||
Table Of Contents | ||||
3M Company and Subsidiaries | ||||
Consolidated Statement of Income | ||||
Years ended December 31 | ||||
(Millions, except per share amounts) | 2020 | 2019 | 2018 | |
Net sales | $32,184 | $32,136 | $32,765 | |
Operating expenses | ||||
Cost of sales | 16,605 | 17,136 | 16,682 | |
Selling, general and administrative expenses | 6,929 | 7,029 | 7,602 | |
Research, development and related expenses | 1,878 | 1,911 | 1,821 | |
Gain on sale of businesses | (389) | (114) | (547) | |
Total operating expenses | 25,023 | 25,962 | 25,558 | |
Operating income | 7,161 | 6,174 | 7,207 | |
Other expense (income), net | 450 | 462 | 207 | |
Income before income taxes | 6,711 | 5,712 | 7,000 | |
Provision for income taxes | 1,318 | 1,130 | 1,637 | |
Income of consolidated group | $5,393 | $4,582 | $5,363 | |
Income (loss) from unconsolidated subsidiaries, net of taxes | (5) | - | - | |
Net income including noncontrolling interest | $5,388 | $4,582 | $5,363 | |
Less: Net income (loss) attributable to noncontrolling interest | 4 | 12 | 14 | |
Net income attributable to 3M | $5,384 | $4,570 | $5,349 | |
Weighted average 3M common shares outstanding - basic | 577.60 | 577.00 | 588.50 | |
Earnings per share attributable to 3M common shareholders - basic | $9.32 | $7.92 | $9.09 | |
Weighted average 3M common shares outstanding - diluted | 582.20 | 585.10 | 602.00 | |
Earnings per share attributable to 3M common shareholders - diluted | $9.25 | $7.81 | $8.89 |
3M CO | |||
BALANCE_SHEET | |||
Form Type: 10-K | |||
Period End: Dec 31, 2020 | |||
Date Filed: Feb 04, 2021 | |||
Table Of Contents | |||
3M Company and Subsidiaries | |||
Consolidated Balance Sheet | |||
At December 31 | |||
(Dollars in millions, except per share amount) | 2020 | 2019 | |
Assets | |||
Current assets | |||
Cash and cash equivalents | $4,634 | $2,353 | |
Marketable securities - current | 404 | 98 | |
Accounts receivable - net of allowances of $233 and | |||
$161 | 4,705 | 4,791 | |
Inventories | |||
Finished goods | 2,081 | 2,003 | |
Work in process | 1,226 | 1,194 | |
Raw materials and supplies | 932 | 937 | |
Total inventories | 4,239 | 4,134 | |
Prepaids | 675 | 704 | |
Other current assets | 325 | 891 | |
Total current assets | 14,982 | 12,971 | |
Property, plant and equipment | 26,650 | 26,124 | |
Less: Accumulated depreciation | (17,229) | (16,791) | |
Property, plant and equipment - net | 9,421 | 9,333 | |
Operating lease right of use assets | 864 | 858 | |
Goodwill | 13,802 | 13,444 | |
Intangible assets - net | 5,835 | 6,379 | |
Other assets | 2,440 | 1,674 | |
Total assets | $47,344 | $44,659 | |
Liabilities | |||
Current liabilities | |||
Short-term borrowings and current portion of | |||
long-term debt | $806 | $2,795 | |
Accounts payable | 2,561 | 2,228 | |
Accrued payroll | 747 | 702 | |
Accrued income taxes | 300 | 194 | |
Operating lease liabilities - current | 256 | 247 | |
Other current liabilities | 3,278 | 3,056 | |
Total current liabilities | 7,948 | 9,222 | |
Long-term debt | 17,989 | 17,518 | |
Pension and postretirement benefits | 4,405 | 3,911 | |
Operating lease liabilities | 609 | 607 | |
Other liabilities | 3,462 | 3,275 | |
Total liabilities | $34,413 | $34,533 | |
Commitments and contingencies (Note 16) | |||
Equity | |||
3M Company shareholders' equity: | |||
Common stock par value, $.01 par value; 944,033,056 | |||
shares issued | $9 | $9 | |
Shares outstanding - December 31, 2020: 577,749,638 | |||
Shares outstanding - December 31, 2019: 575,184,835 | |||
Additional paid-in capital | 6,162 | 5,907 | |
Retained earnings | 43,761 | 42,135 | |
Treasury stock, at cost: | (29,404) | (29,849) | |
Accumulated other comprehensive income (loss) | (7,661) | (8,139) | |
Total 3M Company shareholders' equity | 12,867 | 10,063 | |
Noncontrolling interest | 64 | 63 | |
Total equity | $12,931 | $10,126 | |
Total liabilities and equity | $47,344 | $44,659 |
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