10-KPeriod: FY2007

3M CO Annual Report, Year Ended Dec 31, 2007

Filed February 15, 2008For Securities:MMM

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
Beta

Revenue

$24.46B

47.9% Gross Margin

Net Income

$4.10B

16.7% Net Margin

EPS (Diluted)

$5.60

Cash & Equivalents

$1.90B

Free Cash Flow

$2.82B

Financial Statements
Beta
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.

Frequently Asked Questions

This Form 10-K is an annual report required by the SEC, providing a comprehensive overview of 3M Company's business, financial condition, and results of operations for the fiscal year ended December 31, 2007. It serves to inform investors and the public about the company's performance and material information.

While this excerpt establishes 3M's reporting status, detailed financial performance data and the Management's Discussion and Analysis (MD&A) are typically found in the main body of the full 10-K report, which is not fully provided here. Additionally, governance, executive compensation, and other important shareholder information are incorporated by reference from the company's definitive proxy statement.

Being a 'well-known seasoned issuer' (WKSI) generally means 3M has a significant public float and is eligible to use simplified registration statements for future offerings. Being a 'large accelerated filer' indicates that the company meets specific thresholds for public float, has been subject to SEC reporting requirements for a certain period, and is required to file reports like this 10-K more frequently and with more extensive disclosures.

The aggregate market value of voting stock held by non-affiliates (approximately $56.4 billion as of January 31, 2008) is a key indicator of the company's size and market capitalization. It helps investors understand the scale of the company and influences its classification under SEC rules, such as being a large accelerated filer.