This project will require financial statement analysis of a publicly traded company.

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

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

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