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3M cash flow statement

In fiscal 2025, 3M's operations generated $2.31bn of cash; it spent $910m on capital projects, leaving free cash flow of $1.40bn. It returned $1.56bn in dividends and $3.25bn through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash from operations4,9415,1745,2845,3005,8176,6266,4206,6626,2406,4397,0708,1137,4545,5916,6801,8192,3063,629
Depreciation and amortisation1,1571,1201,2361,2881,3711,4081,4351,4741,5441,4881,5931,9111,9151,8311,9871,3631,3081,427
Stock-based pay217274253223240280276298324302278262274263274289225210
Capital spending9031,0911,3791,4841,6651,4931,4611,4201,3731,5771,6991,5011,6031,7491,6151,181910952
Free cash flow4,0384,0833,9053,8164,1525,1334,9595,2424,8674,8625,3716,6125,8513,8425,0656381,3962,677
Free cash flow after stock pay3,8213,8093,6523,5933,9124,8534,6834,9444,5434,5605,0936,3505,5773,5794,7913491,1712,467
Dividends paid1,4311,5001,5551,6351,7302,2162,5612,6782,8033,1933,3163,3883,4203,3693,3111,9821,5621,603
Share buybacks178542,7012,2045,2125,6525,2383,7532,0684,8701,4073682,1991,464331,8013,2513,777

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from 3M's SEC filings (10-K and 10-Q), retrieved October 21, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to 3M.