General Historical Income Statement

GIS Stock  USD 69.66  1.32  1.93%   
Historical analysis of General Mills income statement accounts such as Selling General Administrative of 2.8 B or Total Revenue of 12.1 B can show how well General Mills performed in making a profits. Evaluating General Mills income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of General Mills's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining General Mills latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether General Mills is a good buy for the upcoming year.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in General Mills. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
For more information on how to buy General Stock please use our How to Invest in General Mills guide.

About General Income Statement Analysis

General Mills Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to General Mills shareholders. The income statement also shows General investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

General Mills Income Statement Chart

General Mills Income Statement is one of the three primary financial statements used for reporting General's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of General Mills revenue and expense. General Mills Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, General Mills' Interest Expense is comparatively stable compared to the past year. Cost Of Revenue is likely to gain to about 16.4 B in 2024, whereas Selling General Administrative is likely to drop slightly above 2.8 B in 2024.

Total Revenue

Total revenue comprises all receipts General Mills generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of General Mills minus its cost of goods sold. It is profit before General Mills operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of General Mills. It is also known as General Mills overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most accounts from General Mills' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into General Mills current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in General Mills. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
For more information on how to buy General Stock please use our How to Invest in General Mills guide.At this time, General Mills' Interest Expense is comparatively stable compared to the past year. Cost Of Revenue is likely to gain to about 16.4 B in 2024, whereas Selling General Administrative is likely to drop slightly above 2.8 B in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense383.4M396.1M455.5M478.3M
Depreciation And Amortization129.1M546.6M628.6M403.2M

General Mills income statement Correlations

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General Mills Account Relationship Matchups

General Mills income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization643.5M1.0B129.1M546.6M628.6M403.2M
Interest Expense472.5M427.7M383.4M396.1M455.5M478.3M
Selling General Administrative2.5B2.3B2.5B2.7B3.1B2.8B
Total Revenue17.6B18.1B19.0B20.1B23.1B12.1B
Gross Profit6.1B6.4B6.4B6.5B7.5B4.9B
Other Operating Expenses14.6B14.8B15.7B17.0B19.6B10.2B
Operating Income3.0B3.1B3.5B2.7B3.1B1.9B
Ebit3.0B3.1B3.5B2.7B3.1B1.9B
Ebitda3.6B4.2B3.6B3.2B3.7B2.3B
Cost Of Revenue11.5B11.7B12.6B13.5B15.6B16.4B
Total Operating Expenses3.2B3.1B3.1B3.5B4.0B2.9B
Income Before Tax2.6B2.9B3.2B3.1B3.6B3.8B
Total Other Income Expense Net(353.7M)(287.4M)(266.2M)483.5M435.2M456.9M
Net Income2.2B2.3B2.7B2.6B3.0B3.1B
Income Tax Expense480.5M629.1M586.3M612.2M704.0M435.3M
Research Development224.4M239.3M243.1M257.6M296.2M219.9M
Net Income Applicable To Common Shares2.2B2.3B2.7B2.6B3.0B1.7B
Net Income From Continuing Ops2.1B2.3B2.7B2.5B2.9B2.1B
Non Recurring275.1M24.4M170.4M56.2M64.6M61.4M
Non Operating Income Net Other72M91.1M117.7M81.3M73.2M72.6M
Minority Interest29.6M907.7M(27.7M)15.7M18.1M17.2M
Tax Provision480.5M629.1M586.3M612.2M551.0M420.5M
Net Interest Income(466.5M)(420.3M)(379.6M)(382.1M)(343.9M)(361.1M)
Interest Income6M7.4M3.8M14M16.1M8.7M
Reconciled Depreciation594.7M601.3M570.3M546.6M491.9M474.9M
Selling And Marketing Expenses691.8M736.3M690.1M810M931.5M776.6M

General Mills Investors Sentiment

The influence of General Mills' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in General. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to General Mills' public news can be used to forecast risks associated with an investment in General. The trend in average sentiment can be used to explain how an investor holding General can time the market purely based on public headlines and social activities around General Mills. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
General Mills' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for General Mills' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average General Mills' news discussions. The higher the estimated score, the more favorable is the investor's outlook on General Mills.

General Mills Implied Volatility

    
  36.58  
General Mills' implied volatility exposes the market's sentiment of General Mills stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if General Mills' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that General Mills stock will not fluctuate a lot when General Mills' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards General Mills in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, General Mills' short interest history, or implied volatility extrapolated from General Mills options trading.

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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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in General Mills. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
For more information on how to buy General Stock please use our How to Invest in General Mills guide.
You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

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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.