Skip to content
OpenCapital
Get started

3M MMM Prior Year Tax Adjustments

Other financials

Income statement

See full
Revenue$6.0B+1.3%
Gross profit$2.5B-0.8%
Operating income$1.4B+12.1%
Net income$653.0M-41.5%
EPS (diluted)$1.23-39.7%

Balance sheet

See full
Cash & equivalents$3.7B-41.1%
Total debt$11.5B-11.0%
Total equity$3.3B-26.9%
Total assets$35.4B-11.3%

Cash flow

See full
Operating cash flow$574.0M+827%
CapEx$225.0M-4.7%
Free cash flow$349.0M+211%

Valuation

See full
Market cap$83.76B-4.2%
Enterprise value$91.51B-2.5%
P/E30.1×+10.0×
P/S3.4×-0.2×

Profitability

See full
Gross margin39.7%-1.4pp
Operating margin19.1%-1.0pp
Net margin11.1%-6.7pp
FCF margin8.2%+8.0pp

Returns & leverage

See full
Return on equity72.1%-21.3pp
Debt / equity3.5×+0.6×
Current ratio1.6×-0.1×

Questions, answered.

What does prior year tax adjustments mean?
Represents the net impact of tax adjustments related to prior fiscal years, including amended returns, audit settlements, or changes in tax estimates. This metric reflects the accuracy of previous tax provisions and the impact of retrospective tax events on current earnings. It helps investors understand the 'noise' in the current tax rate caused by past activities.