3M COMPANY (MMM) FY2024 Annual Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-01-01 to 2024-12-31

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3M COMPANY cash flow reconciliation, Jan 1, 2024 through Dec 31, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income (loss) including noncontrolling interest → Net cash from operating activities: $1,819,000,000.00Net income (loss) including noncontrolling interest → Operating adjustments reconciliation: $2,369,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $1,363,000,000.00Company pension and postretirement expense → Operating adjustments reconciliation: $1,035,000,000.00Deferred income taxes → Operating adjustments reconciliation: $321,000,000.00Stock-based compensation expense → Operating adjustments reconciliation: $289,000,000.00Accounts receivable → Operating adjustments reconciliation: $114,000,000.00Accounts payable → Operating adjustments reconciliation: $46,000,000.00Inventories → Operating adjustments reconciliation: $41,000,000.00Operating adjustments reconciliation → Other — net: $5,152,000,000.00Operating adjustments reconciliation → Accrued income taxes (current and long-term): $272,000,000.00Operating adjustments reconciliation → Company pension and postretirement contributions: $154,000,000.00Proceeds from debt (maturities greater than 90 days) → financing reconciliation: $8,367,000,000.00Proceeds from issuance of treasury stock pursuant to stock option and benefit plans → financing reconciliation: $92,000,000.00financing reconciliation → Net cash from financing activities: $1,098,000,000.00financing reconciliation → Repayment of debt (maturities greater than 90 days): $2,656,000,000.00financing reconciliation → Dividends paid to shareholders: $1,982,000,000.00financing reconciliation → Purchases of treasury stock: $1,801,000,000.00financing reconciliation → Cash transferred to Solventum related to separation, net: $621,000,000.00financing reconciliation → Change in short-term debt — net: $205,000,000.00financing reconciliation → Other — net: $96,000,000.00Net cash used in investing activities → investing reconciliation: $3,206,000,000.00Proceeds from maturities and sale of marketable securities and investments → investing reconciliation: $2,074,000,000.00Proceeds from sale of PP&E and other assets → investing reconciliation: $61,000,000.00investing reconciliation → Purchases of marketable securities and investments: $4,153,000,000.00investing reconciliation → Purchases of property, plant and equipment (PP&E): $1,181,000,000.00investing reconciliation → Other — net: $7,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $5,933,000,000.00Net cash from operating activities → Cash sources and uses: $1,819,000,000.00Net cash from financing activities → Cash sources and uses: $1,098,000,000.00Cash sources and uses → Exchange-rate effect: $44,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $5,600,000,000.00Cash sources and uses → Net cash used in investing activities: $3,206,000,000.00Accounts payable: $46,000,000.00Accounts payable+$46.00 MAccrued income taxes (current and long-term): -$272,000,000.00Income taxes payable−$272.00 MNet income (loss) including noncontrolling interest: $4,188,000,000.00Net income (loss) including noncontrolling interest+$4.19 BCompany pension and postretirement expense: $1,035,000,000.00Pension & benefit plans, net+$1.04 BDeferred income taxes: $321,000,000.00Deferred income taxes+$321.00 MInventories: $41,000,000.00Inventories+$41.00 MOther — net: -$5,152,000,000.00Other working capital, net−$5.15 BCompany pension and postretirement contributions: -$154,000,000.00Pension & postretirement paid−$154.00 MDepreciation and amortization: $1,363,000,000.00Depreciation & amortization+$1.36 BAccounts receivable: $114,000,000.00Accounts receivable+$114.00 MStock-based compensation expense: $289,000,000.00Stock-based compensation+$289.00 MGain on business divestitures: $0.00Long-lived and indefinite-lived asset impairment expense: $0.00Goodwill impairment expense: $0.00Net cash from operating activities: $1,819,000,000.00Operating cash+$1.82 BOperating adjustments reconciliation: $5,578,000,000.00Change in short-term debt — net: -$205,000,000.00Short-term debt ≤3 months, net−$205.00 MRepayment of debt (maturities greater than 90 days): -$2,656,000,000.00Debt repaid, 90+ days−$2.66 BProceeds from debt (maturities greater than 90 days): $8,367,000,000.00Debt issued, 90+ days+$8.37 BPurchases of treasury stock: -$1,801,000,000.00Common stock repurchases−$1.80 BProceeds from issuance of treasury stock pursuant to stock option and benefit plans: $92,000,000.00Treasury stock sold+$92.00 MDividends paid to shareholders: -$1,982,000,000.00Common dividends paid−$1.98 BOther — net: -$96,000,000.00Other financing, net−$96.00 MCash transferred to Solventum related to separation, net: -$621,000,000.00Distributions to affiliates−$621.00 MNet cash from financing activities: $1,098,000,000.00Financing cash+$1.10 Bfinancing reconciliation: $8,459,000,000.00Purchases of property, plant and equipment (PP&E): -$1,181,000,000.00PP&E purchases−$1.18 BProceeds from sale of PP&E and other assets: $61,000,000.00Asset sales+$61.00 MOther — net: -$7,000,000.00Other investing, net−$7.00 MPurchases of marketable securities and investments: -$4,153,000,000.00Investment purchases−$4.15 BProceeds from maturities and sale of marketable securities and investments: $2,074,000,000.00Investment sales & maturities+$2.07 BProceeds from sale of businesses, net of cash sold: $0.00Cash payment from Food Safety business split-off, net of divested cash: $0.00Net cash used in investing activities: -$3,206,000,000.00. Cash required to fund net payments.Investing cash−$3.21 Binvesting reconciliation: $5,341,000,000.00Cash sources and uses: $8,850,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $5,933,000,000.00Beginning cash$5.93 BEnding cash: Cash, cash equivalents, and restricted cash: $5,600,000,000.00Ending cash$5.60 BExchange-rate effect: -$44,000,000.00FX effect−$44.00 MCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsFree cash flow$638.00 MOperating cash − cash spent on PP&ECash flow / Net income0.43×Operating cash flow ÷ net incomeNet cash change−$333.00 MEnding cash − beginning cash
Chart details

3M COMPANY cash flow reconciliation, Jan 1, 2024 through Dec 31, 2024

Cash flows for Jan 1, 2024 through Dec 31, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2023. Ending cash: Dec 31, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2023
5,933,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
1,819,000,000 US dollars. Net cash provided.
Accounts payable
46,000,000 US dollars
Accrued income taxes (current and long-term)
negative 272,000,000 US dollars
Net income (loss) including noncontrolling interest
4,188,000,000 US dollars
Company pension and postretirement expense
1,035,000,000 US dollars
Deferred income taxes
321,000,000 US dollars
Inventories
41,000,000 US dollars
Other — net
negative 5,152,000,000 US dollars
Company pension and postretirement contributions
negative 154,000,000 US dollars
Depreciation and amortization
1,363,000,000 US dollars
Accounts receivable
114,000,000 US dollars
Stock-based compensation expense
289,000,000 US dollars
Gain on business divestitures
0 US dollars
Long-lived and indefinite-lived asset impairment expense
0 US dollars
Goodwill impairment expense
0 US dollars
Investing activities
negative 3,206,000,000 US dollars. Net cash used.
Purchases of property, plant and equipment (PP&E)
negative 1,181,000,000 US dollars
Proceeds from sale of PP&E and other assets
61,000,000 US dollars
Other — net
negative 7,000,000 US dollars
Purchases of marketable securities and investments
negative 4,153,000,000 US dollars
Proceeds from maturities and sale of marketable securities and investments
2,074,000,000 US dollars
Proceeds from sale of businesses, net of cash sold
0 US dollars
Cash payment from Food Safety business split-off, net of divested cash
0 US dollars
Financing activities
1,098,000,000 US dollars. Net cash provided.
Change in short-term debt — net
negative 205,000,000 US dollars
Repayment of debt (maturities greater than 90 days)
negative 2,656,000,000 US dollars
Proceeds from debt (maturities greater than 90 days)
8,367,000,000 US dollars
Purchases of treasury stock
negative 1,801,000,000 US dollars
Proceeds from issuance of treasury stock pursuant to stock option and benefit plans
92,000,000 US dollars
Dividends paid to shareholders
negative 1,982,000,000 US dollars
Other — net
negative 96,000,000 US dollars
Cash transferred to Solventum related to separation, net
negative 621,000,000 US dollars
Operating adjustment reconciliation
5,578,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
8,459,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
5,341,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 44,000,000 US dollars
Ending cash on Dec 31, 2024
5,600,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
8,850,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 333,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
0.43×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
1,819,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
1,181,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
638,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income exceeds operating cash. The diagram allocates $1.82B of net income directly to operating cash and $2.37B to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Cash-flow net income is $4.19 B; the income statement reports $4.17 B for the same period. The difference is $15.00 M. Neither amount has been adjusted.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 1,819,000,000 US dollars minus 1,181,000,000 US dollars equals 638,000,000 US dollars.
  • Cash-flow net income is $4.19 B; the income statement reports $4.17 B for the same period. The difference is $15.00 M. Neither amount has been adjusted.
3M COMPANY (MMM) FY2024 Annual Statement of Cash Flows Sankey chart
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