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3M (MMM) FY2007 results: revenue $24.5 billion

3M Co. (MMM) reported revenue of $24.5 billion for fiscal 2007, the year ended 31 December 2007. Net income was $4.1 billion, and diluted earnings per share $5.60. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2010.

Revenue
$24.5 billion
FY2007FY2007
Operating margin
25.3%
FY2007FY2007
Net income
$4.1 billion
FY2007FY2007
Diluted EPS
$5.60
FY2007FY2007

this yearthe year beforeHover a bar for its figure.

The year in brief

Income statement (profit and loss)

$ millionFY2007Last 8 years
Revenue24,462
Cost of revenue12,735
Gross profit11,727
Gross margin47.9%
Selling, general and administrative5,015
Operating income6,193
Operating margin25.3%
Pre-tax income6,115
Income tax1,964
Effective tax rate32.1%
Net income4,096
Net margin16.7%
Diluted EPS$5.60
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2007Last 8 years
Operating cash flow4,246
Capital expenditure1,422
Free cash flow2,824
Free cash flow margin11.5%
Cash from investing-1,367
Cash from financing-2,518
Depreciation and amortisation1,072
Share-based compensation228
Buybacks3,239
Dividends paid1,380
Dividend per share$1.92
Diluted shares, weighted732m

Balance sheet

$ millionFY2007Last 8 years
Shareholders' equity12,072
Cash and equivalents1,896

10-K for the year ended 31 December 2007, filed 16 February 2010: the filing.