3M (MMM) Tax Reconciliation: Tax Credits — Quarterly & Annual

Screener

Tax Reconciliation: Tax Credits at other companies

Devon EnergyDVN

$8M-62.4%

CSXCSX

$4.25M—

Cadence Design SystemsCDNS

$33.84M+3.8%

3MMMM

$11M—

GE VernovaGEV

0—

CorvexMOVE

1.3%—

Other financials

Income statement

Revenue$6.5B+2.5%

Gross profit$2.7B-0.6%

Operating income$984.0M-13.7%

Net income$933.0M+29.0%

EPS (diluted)$1.78+32.8%

Balance sheet

Cash & equivalents$3.0B-20.4%

Total debt$13.2B+0.8%

Total equity$3.0B-31.2%

Total assets$34.9B-8.1%

Cash flow

Operating cash flow$986.0M+203%

CapEx$223.0M+7.2%

Free cash flow$763.0M+166%

Valuation

Market cap$93.2B+16.0%

Enterprise value$103.4B+15.3%

P/E31.1×+10.7×

P/S3.7×+0.4×

Profitability

Gross margin39.4%-1.6pp

Operating margin18.4%-1.1pp

Net margin11.9%-4.1pp

FCF margin15.8%+11.8pp

Returns & leverage

Return on equity82.8%-13.2pp

Debt / equity4.5×+1.4×

Current ratio1.2×-0.5×