MMM Income Statement

Annual Quarterly

* In Millions (except for per share items) of USD

Period Ending:	2023 12-31	2022 12-31	2021 12-31	2020 12-31	2019 12-31	2018 12-31	2017 12-31	2016 12-31	2015 12-31	2014 12-31	2013 12-31	2012 12-31	2011 12-31	2010 12-31	2009 12-31	2008 12-31	2007 12-31	2006 12-31	2005 12-31	2004 12-31	2003 12-31	2002 12-31	2001 12-31	2000 12-31	1999 12-31	1998 12-31	1997 12-31	1996 12-31	1995 12-31	1994 12-31	1993 12-31	1992 12-31	1991 12-31	1990 12-31	1989 12-31	1988 12-31	1987 12-31	1986 12-31	1985 12-31
Report Filing:	2024-02-07	2023-02-08	2022-02-09	2021-02-04	2020-02-06	2019-02-07	2018-02-08	2017-02-09	2016-02-11	2015-02-12	2014-02-13	2013-02-14	2012-02-16	2011-02-16	2010-02-16	2009-02-17	2008-02-15	2007-02-26	2006-02-21	2005-02-24	2004-03-02	2003-03-10	2002-03-11	2001-02-20	2000-02-18	1999-02-12	1998-03-10	1997-03-11	1996-03-11	1995-03-06	1994-03-07	1992-12-31	1991-12-31	1990-12-31	1989-12-31	1988-12-31	1987-12-31	1986-12-31	1985-12-31
Revenue	32681000000	34229000000	35355000000	32184000000	32136000000	32765000000	31657000000	30109000000	30274000000	31821000000	30871000000	29904000000	29611000000	26662000000	23123000000	25269000000	24462000000	22923000000	21167000000	20011000000	18232000000	16332000000	16079000000	16724000000	15659000000	15021000000	15070000000	14236000000	13460000000	15079000000	14020000000	13883000000	13340000000	13021000000	11990000000	10581000000	9429000000	8602000000	7846000000
Cost of Revenue	18477000000	19232000000	18795000000	16605000000	17136000000	16682000000	16001000000	15040000000	15383000000	16447000000	16106000000	15685000000	15693000000	13831000000	12109000000	13379000000	12735000000	11713000000	10381000000	9958000000	9285000000	8496000000	8749000000	8787000000	8852000000	8705000000	8580000000	8099000000	7720000000	8995000000	7453000000	7259000000	7089000000	6875000000	6246000000	8066000000	4949000000	4567000000	4302000000
Gross Profit	14204000000	14997000000	16560000000	15579000000	15000000000	16083000000	15656000000	15069000000	14891000000	15374000000	14765000000	14219000000	13918000000	12831000000	11014000000	11890000000	11727000000	11210000000	10786000000	10053000000	8947000000	7836000000	7330000000	7937000000	6807000000	6316000000	6490000000	6137000000	5740000000	6084000000	6567000000	6624000000	6251000000	6146000000	5744000000	2515000000	4480000000	4035000000	3544000000
Operating Expenses	23332000000	8458000000	11106000000	11107000000	10647000000	8876000000	7836000000	7846000000	7945000000	8239000000	8099000000	7736000000	7740000000	6913000000	6200000000	6672000000	5534000000	5514000000	5777000000	5475000000	5234000000	4790000000	5057000000	4879000000	3851000000	4277000000	3815000000	3646000000	3519000000	3833000000	4611000000	4630000000	4292000000	3955000000	3594000000	632000000	2902000000	2625000000	2394000000
Research & Development	1842000000	1862000000	1994000000	1878000000	1911000000	1821000000	1850000000	1735000000	1763000000	1770000000	1715000000	1634000000	1570000000	1434000000	1293000000	1404000000	1368000000	1522000000	1242000000	1143000000	1102000000	1070000000	1084000000	1101000000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling, General and Administrative	21397000000	9049000000	7197000000	6929000000	7029000000	7602000000	6572000000	6111000000	6182000000	6469000000	6384000000	6102000000	6170000000	5479000000	4907000000	5245000000	5015000000	5066000000	4535000000	4332000000	4039000000	3720000000	4061000000	3963000000	3879000000	3784000000	3815000000	3646000000	3440000000	3833000000	3535000000	3543000000	3323000000	3174000000	2894000000	0	2338000000	2118000000	1950000000
Other Operating Expenses	93000000	-2453000000	1915000000	2300000000	1707000000	-547000000	-586000000	0	0	0	0	0	0	0	0	23000000	-849000000	-1074000000	0	0	93000000	0	-88000000	-185000000	-28000000	493000000	0	0	79000000	0	1076000000	1087000000	969000000	781000000	700000000	632000000	564000000	507000000	444000000
Operating Income	-9128000000	6539000000	5454000000	4472000000	4353000000	7207000000	7820000000	7223000000	6946000000	7135000000	6666000000	6483000000	6178000000	5918000000	4814000000	5218000000	6193000000	5696000000	5009000000	4578000000	3713000000	3046000000	2273000000	3058000000	2956000000	2039000000	2675000000	2491000000	2221000000	2251000000	1956000000	1994000000	1959000000	2191000000	2150000000	1883000000	1578000000	1410000000	1150000000
Net Interest(Non Operating)	-689000000	-395000000	-462000000	-500000000	-368000000	-280000000	-272000000	-170000000	-123000000	-109000000	-104000000	-132000000	-147000000	-163000000	-182000000	-110000000	-78000000	-71000000	-26000000	-23000000	-56000000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Income	253000000	67000000	26000000	29000000	80000000	70000000	50000000	29000000	26000000	33000000	41000000	39000000	39000000	38000000	37000000	105000000	132000000	51000000	56000000	46000000	28000000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Expense	942000000	462000000	488000000	529000000	448000000	350000000	322000000	199000000	149000000	142000000	145000000	171000000	186000000	201000000	219000000	215000000	210000000	122000000	82000000	69000000	84000000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Equity & Other Income/(Expense)	129000000	248000000	2212000000	2739000000	1727000000	73000000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-41000000	-87000000	-84000000	-76000000	-87000000	765000000	-89000000	-130000000	-158000000	14000000	-71000000	-114000000	-85000000	-81000000	-1000000	-13000000	-62000000	-53000000
Income Before Tax	-9688000000	6392000000	7204000000	6711000000	5712000000	7000000000	7548000000	7053000000	6823000000	7026000000	6562000000	6351000000	6031000000	5755000000	4632000000	5108000000	6115000000	5625000000	4983000000	4555000000	3657000000	3005000000	2186000000	2974000000	2880000000	1952000000	3440000000	2402000000	2091000000	2093000000	1970000000	1923000000	1845000000	2106000000	2069000000	1882000000	1565000000	1348000000	1097000000
Income Tax Expense	-2691000000	612000000	1285000000	1318000000	1130000000	1637000000	2679000000	1995000000	1982000000	2028000000	1841000000	1840000000	1674000000	1592000000	1388000000	1588000000	1964000000	1723000000	1694000000	1503000000	1202000000	966000000	702000000	1025000000	1032000000	685000000	1241000000	886000000	785000000	771000000	707000000	687000000	691000000	798000000	825000000	728000000	647000000	569000000	433000000
Income Attributable to Non-Controlling Interest	-2000000	3000000	-2000000	-56000000	12000000	14000000	11000000	8000000	8000000	42000000	62000000	67000000	74000000	78000000	51000000	60000000	55000000	51000000	90000000	62000000	52000000	65000000	54000000	167000000	85000000	92000000	78000000	-10000000	330000000	0	0	300000	0	0	0	0	0	0	0
Net Income	-6995000000	5777000000	5921000000	5449000000	4570000000	5349000000	4858000000	5050000000	4833000000	4956000000	4659000000	4444000000	4283000000	4085000000	3193000000	3460000000	4096000000	3851000000	3199000000	2990000000	2403000000	1974000000	1430000000	1782000000	1763000000	1175000000	2121000000	1526000000	976000000	1322000000	1263000000	1235700000	1154000000	1308000000	1244000000	1154000000	918000000	779000000	664000000
Depreciation and Amortization	1987000000	1831000000	1915000000	1911000000	1593000000	1488000000	1544000000	1474000000	1435000000	1408000000	1371000000	1288000000	1236000000	1120000000	1157000000	1153000000	1072000000	1079000000	986000000	999000000	964000000	954000000	1089000000	1025000000	900000000	866000000	870000000	883000000	859000000	1101000000	1076000000	1087000000	969000000	781000000	700000000	632000000	564000000	507000000	444000000
EBITDA	-7141000000	8370000000	7369000000	6383000000	5946000000	8695000000	9364000000	8697000000	8381000000	8543000000	8037000000	7771000000	7414000000	7038000000	5971000000	6371000000	7265000000	6775000000	5995000000	5577000000	4677000000	4000000000	3362000000	4083000000	3856000000	2905000000	3545000000	3374000000	3080000000	3352000000	3032000000	3081000000	2928000000	2972000000	2850000000	2515000000	2142000000	1917000000	1594000000
Earnings Per Share (EPS)	-12.63	10.21	10.23	9.43	7.92	9.09	8.13	8.35	7.73	7.63	6.83	6.4	6.05	5.72	4.56	4.95	5.7	5.15	4.18	3.83	3.07	2.53	1.81	2.25	2.19	1.46	2.57	1.82	1.16	1.56	1.45	1.41	1.31	1.48	1.4	1.28	1	0.85	0.72
Diluted Earnings Per Share	-12.63	10.18	10.12	9.36	7.81	8.89	7.93	8.16	7.58	7.49	6.72	6.32	5.96	5.63	4.52	4.89	5.6	5.06	4.12	3.75	3.02	2.5	1.79	2.23	2.17	1.44	2.53	1.79	1.15	1.54	1.45	1.41	1.31	1.48	1.4	1.28	1	0.85	0.72
Weighted Average Shares Outstanding	553900000	566000000	579000000	577600000	577000000	588500000	597500000	604700000	625600000	649200000	681900000	693900000	708500000	713700000	700500000	699200000	718300000	747500000	764900000	780500000	782800000	780000000	788600000	791400000	805022831	806600000	825400000	836400000	839600000	846000000	868600000	876382979	877566540	883783784	888571429	905098039	913432836	916470588	915862069
Diluted Weighted Average Shares Outstanding	553900000	567600000	585300000	582200000	585100000	602000000	612700000	618700000	637200000	662000000	693600000	703300000	719000000	725500000	706700000	707200000	732000000	761000000	776900000	796500000	795300000	791000000	799900000	799800000	813000000	816000000	838339921	852456000	847818000	856494000	868600000	876382979	877566540	883783784	888571429	905098039	913432836	916470588	915862069

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