General Financial Statements From 2010 to 2024

GIS Stock  USD 70.42  1.33  1.93%   
General Mills financial statements provide useful quarterly and yearly information to potential General Mills investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on General Mills financial statements helps investors assess General Mills' valuation, profitability, and current liquidity needs. Key fundamental drivers impacting General Mills' valuation are summarized below:
Gross Profit
6.5 B
Profit Margin
0.1266
Market Capitalization
39.8 B
Enterprise Value Revenue
2.4438
Revenue
20.2 B
There are over one hundred nineteen available fundamental trends for General Mills, which can be analyzed over time and compared to other ratios. All traders should confirm General Mills' regular fundamentals against the performance from 2010 to 2024 and make sure the trends continue to evolve in the right direction. Enterprise Value is likely to gain to about 11 B in 2024

General Mills Total Revenue

12.14 Billion

Check General Mills financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among General main balance sheet or income statement drivers, such as Depreciation And Amortization of 403.2 M, Interest Expense of 478.3 M or Selling General Administrative of 2.8 B, as well as many exotic indicators such as Price To Sales Ratio of 1.22, Dividend Yield of 0.0345 or PTB Ratio of 4.56. General financial statements analysis is a perfect complement when working with General Mills Valuation or Volatility modules.
  
This module can also supplement General Mills' financial leverage analysis and stock options assessment as well as various General Mills Technical models . Check out the analysis of General Mills Correlation against competitors.
For more information on how to buy General Stock please use our How to Invest in General Mills guide.

General Mills Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets38 B36.2 B26.4 B
Slightly volatile
Short and Long Term Debt Total14.1 B13.5 B10.6 B
Slightly volatile
Total Current Liabilities9.1 B8.7 B6.3 B
Slightly volatile
Total Stockholder Equity12.6 B12 B7.4 B
Slightly volatile
Property Plant And Equipment Net2.9 B4.2 B3.5 B
Pretty Stable
Net Debt13.4 B12.8 B9.9 B
Slightly volatile
Retained Earnings24 B22.8 B14.6 B
Slightly volatile
Accounts Payable5.1 B4.8 B2.7 B
Slightly volatile
Cash459.7 M673.3 M688.7 M
Pretty Stable
Non Current Assets Total31.7 B30.2 B21.9 B
Slightly volatile
Cash And Short Term Investments460.1 M673.3 M688.7 M
Pretty Stable
Net Receivables980.3 M1.9 B1.5 B
Slightly volatile
Common Stock Total Equity64.6 M68 M83.7 M
Slightly volatile
Common Stock Shares Outstanding531.7 M541.1 M617.5 M
Slightly volatile
Liabilities And Stockholders Equity38 B36.2 B26.4 B
Slightly volatile
Non Current Liabilities Total16 B15.2 B11.8 B
Slightly volatile
Inventory2.6 B2.5 B1.7 B
Slightly volatile
Other Current Assets888.4 M846.1 M502.7 M
Slightly volatile
Total Liabilities25.1 B23.9 B18.1 B
Slightly volatile
Property Plant And Equipment Gross13.2 B12.5 B5.3 B
Slightly volatile
Total Current Assets6.3 BB4.5 B
Slightly volatile
Short Term Debt1.5 BBB
Slightly volatile
Common Stock64.6 M68 M83.6 M
Slightly volatile
Intangible Assets4.6 BB5.6 B
Slightly volatile
Good Will17.5 B16.7 B11.4 B
Slightly volatile
Other Liabilities2.3 B3.7 B2.8 B
Slightly volatile
Other Assets583.5 M322.5 M437.8 M
Pretty Stable
Long Term Debt7.3 B11.5 B8.4 B
Slightly volatile
Property Plant Equipment3.6 B4.2 B3.6 B
Slightly volatile
Long Term Debt Total9.3 B11.5 B8.8 B
Slightly volatile
Capital SurpluseB1.1 B1.2 B
Slightly volatile
Non Current Liabilities Other1.2 BB1.4 B
Slightly volatile
Warrants608.4 M544.4 M735.9 M
Slightly volatile
Short and Long Term Debt2.3 B1.6 B3.9 B
Slightly volatile
Long Term Investments411.5 M415.8 M505.2 M
Slightly volatile
Net Invested Capital22.8 B25.5 B18.4 B
Slightly volatile
Cash And Equivalents935.5 M673.3 M810.6 M
Pretty Stable
Capital Stock60.4 M68 M74 M
Slightly volatile
Capital Lease Obligations297.5 M323 M367.9 M
Slightly volatile

General Mills Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization403.2 M628.6 M550.2 M
Pretty Stable
Interest Expense478.3 M455.5 M366.5 M
Slightly volatile
Selling General Administrative2.8 B3.1 B2.8 B
Pretty Stable
Total Revenue12.1 B23.1 B16.6 B
Slightly volatile
Gross Profit4.9 B7.5 B5.8 B
Slightly volatile
Other Operating Expenses10.2 B19.6 B13.9 B
Slightly volatile
Operating Income1.9 B3.1 B2.6 B
Slightly volatile
EBIT1.9 B3.1 B2.7 B
Slightly volatile
EBITDA2.3 B3.7 B3.3 B
Slightly volatile
Cost Of Revenue16.4 B15.6 B11.4 B
Slightly volatile
Total Operating Expenses2.9 BB3.1 B
Slightly volatile
Income Before Tax3.8 B3.6 B2.5 B
Slightly volatile
Net Income3.1 BBB
Slightly volatile
Income Tax Expense435.3 M704 M557.2 M
Very volatile
Research Development219.9 M296.2 M226.4 M
Slightly volatile
Net Income Applicable To Common Shares1.7 BB1.9 B
Slightly volatile
Net Income From Continuing Ops2.1 B2.9 BB
Slightly volatile
Non Recurring61.4 M64.6 M127.2 M
Very volatile
Non Operating Income Net Other72.6 M73.2 M87.3 M
Slightly volatile
Tax Provision420.5 M551 M536.6 M
Pretty Stable
Interest Income8.7 M16.1 M8.6 M
Slightly volatile
Reconciled Depreciation474.9 M491.9 M582.9 M
Slightly volatile
Extraordinary Items6.2 M6.5 M282.4 M
Slightly volatile
Selling And Marketing Expenses776.6 M931.5 M670 M
Slightly volatile

General Mills Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation400.9 M628.6 M546.3 M
Pretty Stable
Dividends Paid1.6 B1.5 B1.1 B
Slightly volatile
Capital Expenditures531.9 M792.9 M606.4 M
Pretty Stable
Total Cash From Operating Activities1.7 B3.2 B2.6 B
Slightly volatile
Net Income3.2 BBB
Slightly volatile
End Period Cash Flow378.3 M673.3 M679.4 M
Pretty Stable
Begin Period Cash Flow458.8 M654.8 M689.6 M
Slightly volatile
Change To Liabilities222.1 M229.8 M245.3 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio1.222.19212.0169
Pretty Stable
Dividend Yield0.03450.03090.0316
Pretty Stable
PTB Ratio4.564.79485.8024
Slightly volatile
Days Sales Outstanding22.2433.444431.8482
Pretty Stable
Book Value Per Share13.9113.251912.5436
Slightly volatile
Free Cash Flow Yield0.08740.08320.0603
Pretty Stable
Invested Capital1.61.68021.7235
Slightly volatile
Operating Cash Flow Per Share6.356.04544.5009
Slightly volatile
Stock Based Compensation To Revenue0.00570.00540.0053
Slightly volatile
PB Ratio4.564.79485.8024
Slightly volatile
EV To Sales1.562.8652.6201
Pretty Stable
Free Cash Flow Per Share5.555.28763.5612
Slightly volatile
ROIC0.180.11150.1183
Slightly volatile
Inventory Turnover7.438.06056.9768
Very volatile
Net Income Per Share3.773.58693.2539
Slightly volatile
Days Of Inventory On Hand61.645.282553.4808
Slightly volatile
Payables Turnover6.573.544.524
Slightly volatile
Sales General And Administrative To Revenue0.210.13960.1541
Pretty Stable
Research And Ddevelopement To Revenue0.01420.01270.0131
Very volatile
Cash Per Share2.912.76731.2244
Slightly volatile
POCF Ratio14.1710.510514.03
Pretty Stable
Interest Coverage3.996.25166.2495
Slightly volatile
Payout Ratio0.390.54820.5755
Slightly volatile
PFCF Ratio12.6212.016817.8865
Very volatile
Days Payables Outstanding55.6510388.4358
Slightly volatile
Income Quality1.111.66281.3536
Slightly volatile
ROE0.260.27070.3003
Slightly volatile
EV To Operating Cash Flow13.0613.737117.7401
Very volatile
PE Ratio13.2317.714418.4673
Slightly volatile
Return On Tangible Assets0.120.22290.2051
Slightly volatile
EV To Free Cash Flow16.4915.705823.0077
Very volatile
Earnings Yield0.06390.05650.054
Slightly volatile
Intangibles To Total Assets0.340.68230.6138
Pretty Stable
Net Debt To EBITDA1.943.29733.1004
Slightly volatile
Current Ratio0.870.68360.6978
Pretty Stable
Receivables Turnover16.2510.913611.6479
Pretty Stable
Graham Number34.3432.703330.2473
Slightly volatile
Shareholders Equity Per Share13.9113.251912.5436
Slightly volatile
Debt To Equity1.61.68021.7235
Slightly volatile
Revenue Per Share30.4428.986428.6241
Slightly volatile
Interest Debt Per Share24.1923.042320.0064
Slightly volatile
Debt To Assets0.310.43950.4175
Slightly volatile
Enterprise Value Over EBITDA9.114.03813.8785
Slightly volatile
Short Term Coverage Ratios2.631.40821.3506
Slightly volatile
Price Earnings Ratio13.2317.714418.4673
Slightly volatile
Operating Cycle67.0478.726984.209
Very volatile
Price Book Value Ratio4.564.79485.8024
Slightly volatile
Days Of Payables Outstanding55.6510388.4358
Slightly volatile
Dividend Payout Ratio0.390.54820.5755
Slightly volatile
Price To Operating Cash Flows Ratio14.1710.510514.03
Pretty Stable
Price To Free Cash Flows Ratio12.6212.016817.8865
Very volatile
Pretax Profit Margin0.0960.14750.1371
Very volatile
Ebt Per Ebit0.680.88030.9292
Slightly volatile
Operating Profit Margin0.110.16760.1467
Slightly volatile
Effective Tax Rate0.350.18480.2375
Slightly volatile
Company Equity Multiplier3.633.82293.9567
Slightly volatile
Long Term Debt To Capitalization0.450.57560.5555
Slightly volatile
Total Debt To Capitalization0.50.62690.6076
Slightly volatile
Return On Capital Employed0.250.12670.1465
Slightly volatile
Debt Equity Ratio1.61.68021.7235
Slightly volatile
Ebit Per Revenue0.110.16760.1467
Slightly volatile
Quick Ratio0.290.44020.3426
Slightly volatile
Dividend Paid And Capex Coverage Ratio6.655.00165.3043
Pretty Stable
Net Income Per E B T0.540.83890.7724
Pretty Stable
Cash Ratio0.240.2240.1055
Slightly volatile
Operating Cash Flow Sales Ratio0.220.20860.1563
Slightly volatile
Days Of Inventory Outstanding61.645.282553.4808
Slightly volatile
Days Of Sales Outstanding22.2433.444431.8482
Pretty Stable
Free Cash Flow Operating Cash Flow Ratio0.920.87470.7856
Slightly volatile
Cash Flow Coverage Ratios0.390.27150.2507
Very volatile
Price To Book Ratio4.564.79485.8024
Slightly volatile
Fixed Asset Turnover3.334.92284.7092
Pretty Stable
Price Cash Flow Ratio14.1710.510514.03
Pretty Stable
Enterprise Value Multiple9.114.03813.8785
Slightly volatile
Debt Ratio0.310.43950.4175
Slightly volatile
Cash Flow To Debt Ratio0.390.27150.2507
Very volatile
Price Sales Ratio1.222.19212.0169
Pretty Stable
Return On Assets0.09550.07080.0759
Very volatile
Asset Turnover0.540.57220.6818
Slightly volatile
Net Profit Margin0.06870.12370.1076
Slightly volatile
Gross Profit Margin0.470.34780.3653
Pretty Stable
Price Fair Value4.564.79485.8024
Slightly volatile
Return On Equity0.260.27070.3003
Slightly volatile

General Mills Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap11 BB41.1 B
Pretty Stable
Enterprise Value11 B10.5 B51 B
Pretty Stable

General Fundamental Market Drivers

Forward Price Earnings14.0056
Cash And Short Term Investments585.5 M

General Upcoming Events

28th of March 2024
Upcoming Quarterly Report
View
26th of June 2024
Next Financial Report
View
29th of February 2024
Next Fiscal Quarter End
View
26th of June 2024
Next Fiscal Year End
View
30th of November 2023
Last Quarter Report
View
31st of May 2023
Last Financial Announcement
View

About General Mills Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include General Mills income statement, its balance sheet, and the statement of cash flows. General Mills investors use historical funamental indicators, such as General Mills's revenue or net income, to determine how well the company is positioned to perform in the future. Although General Mills investors may use each financial statement separately, they are all related. The changes in General Mills's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on General Mills's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on General Mills Financial Statements. Understanding these patterns can help to make the right decision on long term investment in General Mills. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue2.6 B2.7 B
Total Revenue23.1 B12.1 B
Cost Of Revenue15.6 B16.4 B
Stock Based Compensation To Revenue 0.01  0.01 
Sales General And Administrative To Revenue 0.14  0.21 
Research And Ddevelopement To Revenue 0.01  0.01 
Capex To Revenue(0.03)(0.03)
Revenue Per Share 28.99  30.44 
Ebit Per Revenue 0.17  0.11 

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect
When determining whether General Mills is a strong investment it is important to analyze General Mills' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact General Mills' future performance. For an informed investment choice regarding General Stock, refer to the following important reports:
Check out the analysis of General Mills Correlation against competitors.
For more information on how to buy General Stock please use our How to Invest in General Mills guide.
You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

Complementary Tools for General Stock analysis

When running General Mills' price analysis, check to measure General Mills' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy General Mills is operating at the current time. Most of General Mills' value examination focuses on studying past and present price action to predict the probability of General Mills' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move General Mills' price. Additionally, you may evaluate how the addition of General Mills to your portfolios can decrease your overall portfolio volatility.
Portfolio Optimization
Compute new portfolio that will generate highest expected return given your specified tolerance for risk
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Sectors
List of equity sectors categorizing publicly traded companies based on their primary business activities
Watchlist Optimization
Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Is General Mills' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of General Mills. If investors know General will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about General Mills listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.272
Dividend Share
2.31
Earnings Share
4.36
Revenue Per Share
34.686
Quarterly Revenue Growth
(0.01)
The market value of General Mills is measured differently than its book value, which is the value of General that is recorded on the company's balance sheet. Investors also form their own opinion of General Mills' value that differs from its market value or its book value, called intrinsic value, which is General Mills' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because General Mills' market value can be influenced by many factors that don't directly affect General Mills' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between General Mills' value and its price as these two are different measures arrived at by different means. Investors typically determine if General Mills is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, General Mills' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.