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GuruFocus has detected 6 Warning Signs with 3M Co $MMM.
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3M Co (NYSE:MMM)
Pre-Tax Income
$7,044 Mil (TTM As of Mar. 2017)

Pretax income is the income that a company earns before paying income taxes. 3M Co's pretax income for the three months ended in Mar. 2017 was $1,737 Mil. Its pretax income for the trailing twelve months (TTM) ended in Mar. 2017 was $7,044 Mil. 3M Co's pretax margin was 22.60%.

During the past 13 years, 3M Co's highest Pretax Margin was 25.00%. The lowest was 20.03%. And the median was 21.43%.


Definition

This is the income that a company earns before paying income taxes.

3M Co's Pretax Income for the fiscal year that ended in Dec. 2016 is calculated as

Pretax Income=Operating Income+Non-Recurring Items+Interest Expense+Interest Income+Other
=7223+0+-199+29+0
=7,053

3M Co's Pretax Income for the quarter that ended in Mar. 2017 is calculated as

Pretax Income=Operating Income+Non-Recurring Items+Interest Expense+Interest Income+Other
=1774+0+-45+8+0
=1,737

3M Co Pre-Tax Income for the trailing twelve months (TTM) ended in Mar. 2017 was 1835 (Jun. 2016 ) + 1862 (Sep. 2016 ) + 1610 (Dec. 2016 ) + 1737 (Mar. 2017 ) = $7,044 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

3M Co's Pretax Margin for the quarter that ended in Mar. 2017 is calculated as

Pretax Margin=Pretax Income/Revenue
=1737/7685
=22.60%

During the past 13 years, 3M Co's highest Pretax Margin was 25.00%. The lowest was 20.03%. And the median was 21.43%.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Operating Income, Interest Expense, Interest Income, Non-Recurring Items, Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

3M Co Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Pretax Income 6,1155,1084,6325,7556,0316,3516,5627,0266,8237,053

3M Co Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
Pretax Income 1,6381,7031,8121,8451,4631,7461,8351,8621,6101,737
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