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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):

  1. Prepare a horizontal (Trend) analysis for the balance sheet

  2. Prepare a horizontal (Trend) analysis for the income statement

  3. Prepare a vertical ( common size) analysis for the balance sheet

  4. Prepare a vertical (common size) analysis for the income statement

  5. Net profit margin

  6. Gross profit percentage

  7. Fixed asset turnover ratio

  8. Return on Equity (ROE)

  9. Earning per share(EPS)

  10. Price/Earning Ratio( P/E)

  11. Receivable turnover ratio and days to collect

  12. Inventory turnover ratio and days to sell

  13. Current ratio

  14. Debt-to-assets ratio

  15. 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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