Summary
3M Company's 2007 10-K filing reflects a mature industrial conglomerate with a strong market presence, as evidenced by its status as a well-known seasoned issuer and large accelerated filer. The company's common stock is listed on major exchanges, including the NYSE, indicating significant investor interest and liquidity. The filing provides a foundational overview of the company's structure and regulatory standing as of early 2008. Investors should note the incorporation by reference of the definitive proxy statement for detailed information on board, executive compensation, and other governance matters, which are crucial for assessing management effectiveness and alignment with shareholder interests. While this excerpt doesn't contain specific financial performance data for 2007, the filing's structure and the incorporation of the proxy statement highlight 3M's commitment to transparency and comprehensive investor reporting. The information provided here serves as an entry point for deeper analysis into the company's operational and financial health for the period ending December 31, 2007, with further details expected in the referenced proxy statement and the full 10-K report.
Financial Highlights
31 data points| Revenue | $24.46B |
| Cost of Revenue | $12.73B |
| Gross Profit | $11.73B |
| SG&A Expenses | $5.01B |
| Operating Expenses | $18.27B |
| Operating Income | $6.19B |
| Net Income | $4.10B |
| EPS (Basic) | $5.70 |
| EPS (Diluted) | $5.60 |
| Shares Outstanding (Basic) | 718.30M |
| Shares Outstanding (Diluted) | 732.00M |
Key Highlights
- 13M Company is a well-known seasoned issuer and a large accelerated filer, indicating a significant public float and adherence to stringent SEC reporting requirements.
- 2The company's common stock is listed on the New York Stock Exchange and Chicago Stock Exchange, with additional trading on the SWX Swiss Exchange, reflecting broad market accessibility.
- 3The filing as of February 14, 2008, covers the fiscal year ended December 31, 2007.
- 4Key governance and executive compensation details are incorporated by reference from the company's definitive proxy statement, which is to be filed within 120 days after the fiscal year-end.
- 5The aggregate market value of 3M's voting stock held by non-affiliates was substantial, with $56.4 billion as of January 31, 2008.
- 6A total of 707,662,632 shares of common stock were outstanding as of January 31, 2008.
- 7The filing indicates that 3M is not a shell company and has filed all required reports for the preceding 12 months.