3M 2015 Annual Report Download - page 50
Download and view the complete annual report
Please find page 50 of the 2015 3M annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.TableofContents
ConsolidatedStatementofIncome
3MCompanyandSubsidiaries
YearsendedDecember31
2015 2014 2013
Netsales $ 30,274 $ 31,821 $ 30,871
Operatingexpenses
Costofsales 15,383 16,447 16,106
Selling,generalandadministrativeexpenses 6,182 6,469 6,384
Research,developmentandrelatedexpenses 1,763 1,770 1,715
Totaloperatingexpenses 23,328 24,686 24,205
Operatingincome 6,946 7,135 6,666
Interestexpenseandincome
Interestexpense 149 142 145
Interestincome (26) (33) (41)
Totalinterestexpense—net 123 109 104
Incomebeforeincometaxes 6,823 7,026 6,562
Provisionforincometaxes 1,982 2,028 1,841
Netincomeincludingnoncontrollinginterest $ 4,841 $ 4,998 $ 4,721
Less:Netincomeattributabletononcontrollinginterest 8 42 62
Netincomeattributableto3M $ 4,833 $ 4,956 $ 4,659
Weightedaverage3Mcommonsharesoutstanding—basic 625.6 649.2 681.9
Earningspershareattributableto3Mcommonshareholders—basic $ 7.72 $ 7.63 $ 6.83
Weightedaverage3Mcommonsharesoutstanding—diluted 637.2 662.0 693.6
Earningspershareattributableto3Mcommonshareholders—diluted $ 7.58 $ 7.49 $ 6.72
Cashdividendspaidper3Mcommonshare $ 4.10 $ 3.42 $ 2.54
TheaccompanyingNotestoConsolidatedFinancialStatementsareanintegralpartofthisstatement.
50