Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

3M Co., consolidated cash flow statement

US$ in millions

12 months ended:	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Net income including noncontrolling interest	5,929)	5,388)	4,582)	5,363)	4,869)
Depreciation and amortization	1,915)	1,911)	1,593)	1,488)	1,544)
Company pension and postretirement contributions	(180)	(156)	(210)	(370)	(967)
Company pension and postretirement expense	206)	406)	357)	410)	333)
Stock-based compensation expense	274)	262)	278)	302)	324)
Gain on sale of businesses	—)	(389)	(111)	(545)	(586)
Deferred income taxes	(166)	(165)	(273)	(57)	107)
Loss on deconsolidation of Venezuelan subsidiary	—)	—)	162)	—)	—)
Accounts receivable	(122)	165)	345)	(305)	(245)
Inventories	(903)	(91)	370)	(509)	(387)
Accounts payable	518)	252)	(117)	408)	24)
Accrued income taxes, current and long-term	(244)	132)	205)	134)	967)
Changes in assets and liabilities	(751)	458)	803)	(272)	359)
Other, net	227)	398)	(111)	120)	257)
Adjustments to reconcile net income including noncontrolling interest to net cash provided by operating activities	1,525)	2,725)	2,488)	1,076)	1,371)
Net cash provided by operating activities	7,454)	8,113)	7,070)	6,439)	6,240)
Purchases of property, plant and equipment (PP&E)	(1,603)	(1,501)	(1,699)	(1,577)	(1,373)
Proceeds from sale of PP&E and other assets	51)	128)	123)	262)	49)
Acquisitions, net of cash acquired	—)	(25)	(4,984)	13)	(2,023)
Purchases of marketable securities and investments	(2,202)	(1,579)	(1,635)	(1,828)	(2,152)
Proceeds from maturities and sale of marketable securities and investments	2,406)	1,811)	1,443)	2,497)	1,354)
Proceeds from sale of businesses, net of cash sold	—)	576)	236)	846)	1,065)
Other, net	31)	10)	72)	9)	(6)
Net cash (used in) provided by investing activities	(1,317)	(580)	(6,444)	222)	(3,086)
Change in short-term debt, net	(2)	(143)	(316)	(284)	578)
Repayment of debt, maturities greater than 90 days	(1,144)	(3,482)	(2,716)	(1,034)	(962)
Proceeds from debt, maturities greater than 90 days	1)	1,750)	6,281)	2,251)	1,987)
Purchases of treasury stock	(2,199)	(368)	(1,407)	(4,870)	(2,068)
Proceeds from issuance of treasury stock pursuant to stock option and benefit plans	639)	429)	547)	485)	734)
Dividends paid to shareholders	(3,420)	(3,388)	(3,316)	(3,193)	(2,803)
Other, net	(20)	(98)	(197)	(56)	(121)
Net cash used in financing activities	(6,145)	(5,300)	(1,124)	(6,701)	(2,655)
Effect of exchange rate changes on cash and cash equivalents	(62)	48)	(2)	(160)	156)
Net increase (decrease) in cash and cash equivalents	(70)	2,281)	(500)	(200)	655)
Cash and cash equivalents at beginning of year	4,634)	2,353)	2,853)	3,053)	2,398)
Cash and cash equivalents at end of year	4,564)	4,634)	2,353)	2,853)	3,053)

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	3M Co. net cash provided by operating activities increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level.
Net cash (used in) provided by investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	3M Co. net cash (used in) provided by investing activities increased from 2019 to 2020 but then slightly decreased from 2020 to 2021.
Net cash used in financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	3M Co. net cash used in financing activities decreased from 2019 to 2020 and from 2020 to 2021.

3M Co. (NYSE:MMM)

Cash Flow Statement