On Jan. 30, 3M
- Sales increased by 8.6%, primarily driven by growth in all the business segments, especially in the Safety, Security, and Protection Services and the Industrial and Transportation segments.
- Net profit increased by 57.6%, mainly because of the sale of the company's global branded pharmaceuticals business.
- CAPS investors have lots of love for 3M, as 1,051 out of 1,098 think it will outperform the S&P 500. If you have an opinion, bring it to CAPS, our community-intelligence database.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$5,782.0 |
$5,325.0 |
8.6% |
|
Net Profit |
$1,176.0 |
$746.0 |
57.6% |
|
EPS |
$1.57 |
$0.97 |
61.9% |
|
Diluted Shares |
748.6 |
771.5 |
(3.0%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
45.3% |
50.8% |
(5.5) |
|
Operating Margin** |
31.3% |
22.4% |
9.0 |
|
Net Margin |
20.3% |
14.0% |
6.3 |
**Includes gain on sale of a business.
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$1,918.0 |
$1,072.0 |
78.9% |
|
Accounts Rec. |
$3,102.0 |
$2,838.0 |
9.3% |
|
Inventory |
$2,601.0 |
$2,162.0 |
20.3% |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$1,402.0 |
$1,256.0 |
11.6% |
|
Long-Term Debt |
$1,047.0 |
$1,309.0 |
(20.0%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
YTD 2006 |
YTD 2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$3,839.0 |
$4,204.0 |
(8.7%) |
|
Capital Expenditures |
$1,168.0 |
$943.0 |
23.9% |
|
Free Cash Flow |
$2,671.0 |
$3,261.0 |
(18.1%) |
Find out why Fools always follow the money.
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Related Foolishness:
3M is an Inside Value recommendation. To check out where else lead analyst Philip Durell is finding good bargains, click here for your free 30-day trial.
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