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3M Company (MMM)

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George W. Buckley , CEO/Chairman of the Board/President/Director

www.mmm.com

Industry: Conglomerates

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Financials

Overview

A diversified technology company with a global presence in the following businesses: industrial and transportation; health care; display and graphics; consumer and office; safety, security and protection services; and electro and communications.

Portfolio Articles

Low Liquidity, High Yields
Don't feel too sorry for the holders of auction rate bonds.

Feb 22 2008
October 19 Spooks Investors Again
The Dow falls 367 points after components deliver poor earnings outlooks and credit worries mount.
Oct 19 2007

See more news on this company

News Feeds

3M to provide vaccine technology to Sanofi-Aventis AP
Oct 07 2008
Shares of 3M tumble as Dow falls 500 points AP
Oct 06 2008
Sector Snap: Industrial conglomerates stocks sink AP
Oct 06 2008
Weingarten prices 3M share issue at $34.20 apiece AP
Oct 02 2008
Tyson Foods appoints 3M exec to board AP
Sep 29 2008
New Smithsonian Ocean Hall opens Saturday AP
Sep 24 2008

Press Releases

Red Cross Racing Members Cheer on Biffle in NASCAR Chase for the Sprint Cup Oct-09-2008, 01:08PM EDT
3M Licenses Vaccine Adjuvants to Sanofi Pasteur Oct-07-2008, 10:00AM EDT
3M Completes Acquisition of Meguiar's Inc. Oct-02-2008, 01:28PM EDT
The Stanley Works Elects Patrick D. Campbell to Board of Directors Oct-01-2008, 04:05PM EDT
3M Completes Acquisition of EMFI S.A. and SAPO S.A.S. Oct-01-2008, 08:00AM EDT

News From Around the Web

News

Industrial Sector Worry: How Bad Is It Going To Get? (Information Week)

Oct 12 2008
Six Sigma gains wider appeal (Buffalo News)

Oct 12 2008
» 3M may mean 'make more money' (Worcester Telegram & Gazette)

Oct 12 2008
XBRL: O pioneers! Early adopters tell their tales (FinancialWeek)

Oct 12 2008
3M lands deal with sanofi-aventis (BizJournals)

Oct 11 2008
Cynthiana, Kentucky Public Library To Install 3M RFID … (TMCnet.com)

Oct 09 2008
Year-End Gadgets Make For Good Holiday Gifts (NY1 News)

Oct 09 2008
3M Completes Acquisition of Meguiar’s Inc. (Modern Car Care)

Oct 08 2008
3M to provide vaccine technology to Sanofi-Aventis (Boston Globe)

Oct 07 2008
Shares of 3M tumble as Dow falls 500 points (Businessweek)

Oct 06 2008

Blogs

Discovery and 3M Announce America's Next Top Young Scientist! (TreeHugger)

Oct 10 2008
Moshi's Washable Neato Screen Cleaner Uses Microfiber To Wipe Dust, Spittle and Other Fluids [Moshi Neato] (Gizmodo)

Oct 09 2008

Employees

Number of Employees: 76,239

Revenue per Employee: $319,090

Top Executives

Michael A. Kelly, Executive VP, Divisional

Angela S. Lalor, Divisional Senior VP

James B. Stake, Divisional Executive VP

Robert D. MacDonald, Divisional Senior VP

Joe E. Harlan, Divisional Executive VP

Marschall I. Smith, Senior VP, Divisional/General Counsel

David W. Meline, Chief Accounting Officer/Controller/Vice President

Frederick J. Palensky, Divisional Executive VP/Chief Technology Officer

Moe S. Nozari, Divisional Executive VP

John K. Woodworth, Senior VP, Divisional

Inge G. Thulin, Divisional Executive VP

Brad T. Sauer, Divisional Executive VP

Jean Lobey, Divisional Executive VP

Patrick D. Campbell, CFO/Senior VP

Hak Cheol Shin, Divisional Executive VP

Board of Directors

Aulana L. Peters, Director

Michael L. Eskew, Director

Robert J. Ulrich, Director Nominee

Robert S. Morrison, Director

Linda G. Alvarado, Director

W. James Farrell, Director

Herbert L. Henkel, Director

Dr. Vance D. Coffman, Director

Rozanne L. Ridgway, Director

Edward M. Liddy, Director

Financials

Quarterly

Annual

Income Statement	07/2008	04/2008	01/2008	10/2007
Sales	3.51 Bil.	3.34 Bil.	3.3 Bil.	2.98 Bil.
Gross Operating Profit	3.23 Bil.	3.13 Bil.	2.91 Bil.	3.2 Bil.
Operating Income before D & A (EBITDA)	1.47 Bil.	1.5 Bil.	1.28 Bil.	1.69 Bil.
Total Income Before Interest Expenses (EBIT)	1.47 Bil.	1.53 Bil.	1.31 Bil.	1.46 Bil.
Total Net Income	945 Mil.	988 Mil.	851 Mil.	960 Mil.
Basic EPS, Total	1.35	1.4	1.2	1.34
Diluted EPS, Total	1.33	1.38	1.17	1.32

BALANCE STATEMENT	07/2008	04/2008	01/2008	10/2007
Cash and Equivalents	1.55 Bil.	2.73 Bil.	1.9 Bil.	1.68 Bil.
Total Assets	10.54 Bil.	11.32 Bil.	9.84 Bil.	10.4 Bil.
Total Liabilities	6.99 Bil.	6.7 Bil.	5.36 Bil.	7.14 Bil.
Total Capitalization	16.63 Bil.	19.14 Bil.	15.77 Bil.	13.79 Bil.

Cash Flow	07/2008	04/2008	01/2008	10/2007
Net Cash From Continuing Operations	2.24 Bil.	997 Mil.	4.28 Bil.	2.72 Bil.
Net Cash From Investing Activities	-1.47 Bil.	-464 Mil.	-1.37 Bil.	-1.18 Bil.
Net Cash From Financing Activities	-1.12 Bil.	315 Mil.	-2.55 Bil.	-1.44 Bil.
Net Change in Cash & Cash Equivalents	-349 Mil.	831 Mil.	449 Mil.	228 Mil.

Income Statement	2008	2007	2006	2005
Sales	12.74 Bil.	10.63 Bil.	9.4 Bil.	8.96 Bil.
Gross Operating Profit	11.73 Bil.	12.29 Bil.	11.77 Bil.	11.05 Bil.
Operating Income before D & A (EBITDA)	5.34 Bil.	5.7 Bil.	6 Bil.	5.58 Bil.
Total Income Before Interest Expenses (EBIT)	6.32 Bil.	5.75 Bil.	5.06 Bil.	4.62 Bil.
Total Net Income	4.1 Bil.	3.85 Bil.	3.2 Bil.	2.99 Bil.
Basic EPS, Total	5.7	5.15	4.18	3.83
Diluted EPS, Total	5.6	5.06	4.12	3.75

BALANCE STATEMENT	2008	2007	2006	2005
Cash and Equivalents	1.9 Bil.	1.45 Bil.	1.07 Bil.	2.76 Bil.
Total Assets	9.84 Bil.	8.95 Bil.	7.12 Bil.	8.72 Bil.
Total Liabilities	5.36 Bil.	7.32 Bil.	5.24 Bil.	6.07 Bil.
Total Capitalization	15.77 Bil.	11.01 Bil.	11.41 Bil.	11.1 Bil.

Cash Flow	2008	2007	2006	2005
Net Cash From Continuing Operations	4.28 Bil.	3.84 Bil.	4.26 Bil.	4.28 Bil.
Net Cash From Investing Activities	-1.37 Bil.	-1.46 Bil.	-2.24 Bil.	-938 Mil.
Net Cash From Financing Activities	-2.55 Bil.	-2.06 Bil.	-3.68 Bil.	-2.53 Bil.
Net Change in Cash & Cash Equivalents	449 Mil.	375 Mil.	-1.68 Bil.	921 Mil.

3M Company (MMM)

Company Information

Overview

Employees

Top Executives

Board of Directors

Financials

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