General Historical Income Statement
GIS Stock | USD 69.97 0.31 0.45% |
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.
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.
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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. Add Fundamental
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 Expense | 383.4M | 396.1M | 455.5M | 478.3M | Depreciation And Amortization | 129.1M | 546.6M | 628.6M | 403.2M |
General Mills income statement Correlations
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General Mills Account Relationship Matchups
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General Mills income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Depreciation And Amortization | 643.5M | 1.0B | 129.1M | 546.6M | 628.6M | 403.2M | |
Interest Expense | 472.5M | 427.7M | 383.4M | 396.1M | 455.5M | 478.3M | |
Selling General Administrative | 2.5B | 2.3B | 2.5B | 2.7B | 3.1B | 2.8B | |
Total Revenue | 17.6B | 18.1B | 19.0B | 20.1B | 23.1B | 12.1B | |
Gross Profit | 6.1B | 6.4B | 6.4B | 6.5B | 7.5B | 4.9B | |
Other Operating Expenses | 14.6B | 14.8B | 15.7B | 17.0B | 19.6B | 10.2B | |
Operating Income | 3.0B | 3.1B | 3.5B | 2.7B | 3.1B | 1.9B | |
Ebit | 3.0B | 3.1B | 3.5B | 2.7B | 3.1B | 1.9B | |
Ebitda | 3.6B | 4.2B | 3.6B | 3.2B | 3.7B | 2.3B | |
Cost Of Revenue | 11.5B | 11.7B | 12.6B | 13.5B | 15.6B | 16.4B | |
Total Operating Expenses | 3.2B | 3.1B | 3.1B | 3.5B | 4.0B | 2.9B | |
Income Before Tax | 2.6B | 2.9B | 3.2B | 3.1B | 3.6B | 3.8B | |
Total Other Income Expense Net | (353.7M) | (287.4M) | (266.2M) | 483.5M | 435.2M | 456.9M | |
Net Income | 2.2B | 2.3B | 2.7B | 2.6B | 3.0B | 3.1B | |
Income Tax Expense | 480.5M | 629.1M | 586.3M | 612.2M | 704.0M | 435.3M | |
Research Development | 224.4M | 239.3M | 243.1M | 257.6M | 296.2M | 219.9M | |
Net Income Applicable To Common Shares | 2.2B | 2.3B | 2.7B | 2.6B | 3.0B | 1.7B | |
Net Income From Continuing Ops | 2.1B | 2.3B | 2.7B | 2.5B | 2.9B | 2.1B | |
Non Recurring | 275.1M | 24.4M | 170.4M | 56.2M | 64.6M | 61.4M | |
Non Operating Income Net Other | 72M | 91.1M | 117.7M | 81.3M | 73.2M | 72.6M | |
Minority Interest | 29.6M | 907.7M | (27.7M) | 15.7M | 18.1M | 17.2M | |
Tax Provision | 480.5M | 629.1M | 586.3M | 612.2M | 551.0M | 420.5M | |
Net Interest Income | (466.5M) | (420.3M) | (379.6M) | (382.1M) | (343.9M) | (361.1M) | |
Interest Income | 6M | 7.4M | 3.8M | 14M | 16.1M | 8.7M | |
Reconciled Depreciation | 594.7M | 601.3M | 570.3M | 546.6M | 491.9M | 474.9M | |
Selling And Marketing Expenses | 691.8M | 736.3M | 690.1M | 810M | 931.5M | 776.6M |
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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Try AI Portfolio ArchitectCheck 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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
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.
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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.