3M CO
For the period ended Dec 31, 2023. Filed Feb 7, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 7, 2024
MMM$189.37+0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows
| (Millions) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Cash Flows from Operating Activities | |||
| Net income (loss) including noncontrolling interest | $(6,979) | $5,791 | $5,929 |
| Adjustments to reconcile net income (loss) including noncontrolling interest to net cash provided by operating activities | |||
| Depreciation and amortization | 1,987 | 1,831 | 1,915 |
| Long-lived and indefinite-lived asset impairment expense | — | 618 | — |
| Goodwill impairment expense | — | 271 | — |
| Company pension and postretirement contributions | (152) | (158) | (180) |
| Company pension and postretirement expense | 145 | 178 | 206 |
| Stock-based compensation expense | 274 | 263 | 274 |
| Gain on business divestitures | (36) | (2,724) | — |
| Deferred income taxes | (3,855) | (663) | (166) |
| Changes in assets and liabilities | |||
| Accounts receivable | (170) | (105) | (122) |
| Inventories | 567 | (629) | (903) |
| Accounts payable | 138 | 111 | 518 |
| Accrued income taxes (current and long-term) | (218) | (47) | (244) |
| Other — net | 14,979 | 854 | 227 |
| Net cash provided by (used in) operating activities | 6,680 | 5,591 | 7,454 |
| Cash Flows from Investing Activities | |||
| Purchases of property, plant and equipment (PP&E) | (1,615) | (1,749) | (1,603) |
| Proceeds from sale of PP&E and other assets | 119 | 200 | 51 |
| Purchases of marketable securities and investments | (1,466) | (1,250) | (2,202) |
| Proceeds from maturities and sale of marketable securities and investments | 1,660 | 1,261 | 2,406 |
| Proceeds from sale of businesses, net of cash sold | 60 | 13 | — |
| Cash payment from Food Safety business split-off, net of divested cash | — | 478 | — |
| Other — net | 35 | 1 | 31 |
| Net cash provided by (used in) investing activities | (1,207) | (1,046) | (1,317) |
| Cash Flows from Financing Activities | |||
| Change in short-term debt — net | 205 | 340 | (2) |
| Repayment of debt (maturities greater than 90 days) | (3,086) | (1,179) | (1,144) |
| Proceeds from debt (maturities greater than 90 days) | 2,835 | 1 | 1 |
| Purchases of treasury stock | (33) | (1,464) | (2,199) |
| Proceeds from issuance of treasury stock pursuant to stock option and benefit plans | 264 | 381 | 639 |
| Dividends paid to shareholders | (3,311) | (3,369) | (3,420) |
| Other — net | (21) | (60) | (20) |
| Net cash provided by (used in) financing activities | (3,147) | (5,350) | (6,145) |
| Effect of exchange rate changes on cash and cash equivalents | (48) | (104) | (62) |
| Net increase (decrease) in cash and cash equivalents | 2,278 | (909) | (70) |
| Cash and cash equivalents at beginning of year | 3,655 | 4,564 | 4,634 |
| Cash and cash equivalents at end of period | $5,933 | $3,655 | $4,564 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.