General Income Statement Research

GIS Stock

USD 70.42 1.33 1.93%

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 General Mills Valuation and General Mills Correlation analysis.

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.

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

Interest Expense Depreciation And Amortization

General Mills income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Research Development	Net Income From Continuing Ops	Non Recurring	Non Operating Income Net Other	Minority Interest	Tax Provision	Net Interest Income	Interest Income	Reconciled Depreciation	Extraordinary Items	Selling And Marketing Expenses
Depreciation And Amortization		0.5	0.36	0.51	0.56	0.49	0.48	0.53	0.7	0.32	0.47	0.26	-0.15	0.23	0.31	0.51	0.06	0.27	0.31	0.46	-0.01	-0.26	0.18	0.18	-0.11	0.12
Interest Expense	0.5		0.31	0.68	0.72	0.67	0.66	0.7	0.71	0.82	0.65	0.74	0.09	0.78	0.15	0.76	0.48	0.1	-0.44	0.02	-0.33	-0.66	0.07	-0.34	-0.67	0.44
Selling General Administrative	0.36	0.31		0.61	0.68	0.62	0.52	0.57	0.57	0.53	0.79	0.4	0.07	0.25	0.67	0.71	-0.1	0.14	-0.22	0.09	0.12	0.41	0.21	-0.04	0.34	-0.06
Total Revenue	0.51	0.68	0.61		0.98	1.0	0.89	0.89	0.88	0.72	0.93	0.68	0.06	0.63	0.59	0.95	0.54	0.09	-0.25	0.12	0.09	-0.2	0.29	-0.17	-0.36	0.43
Gross Profit	0.56	0.72	0.68	0.98		0.98	0.92	0.9	0.9	0.77	0.95	0.73	0.06	0.66	0.65	0.98	0.5	0.05	-0.21	0.12	0.1	-0.18	0.23	-0.18	-0.33	0.4
Other Operating Expenses	0.49	0.67	0.62	1.0	0.98		0.87	0.87	0.85	0.73	0.94	0.67	0.09	0.62	0.59	0.95	0.54	0.09	-0.27	0.12	0.1	-0.18	0.32	-0.2	-0.35	0.45
Operating Income	0.48	0.66	0.52	0.89	0.92	0.87		0.9	0.88	0.62	0.79	0.68	-0.09	0.64	0.57	0.85	0.56	-0.11	-0.07	0.0	0.08	-0.26	-0.03	-0.02	-0.34	0.25
Ebit	0.53	0.7	0.57	0.89	0.9	0.87	0.9		0.98	0.6	0.77	0.53	-0.32	0.5	0.47	0.84	0.33	0.3	-0.19	0.25	-0.02	-0.29	-0.09	0.1	-0.25	0.1
Ebitda	0.7	0.71	0.57	0.88	0.9	0.85	0.88	0.98		0.59	0.76	0.51	-0.31	0.48	0.47	0.83	0.29	0.32	-0.08	0.32	-0.02	-0.31	-0.03	0.13	-0.24	0.12
Cost Of Revenue	0.32	0.82	0.53	0.72	0.77	0.73	0.62	0.6	0.59		0.81	0.94	0.4	0.9	0.42	0.86	0.57	0.0	-0.51	0.04	-0.07	-0.21	0.31	-0.67	-0.56	0.64
Total Operating Expenses	0.47	0.65	0.79	0.93	0.95	0.94	0.79	0.77	0.76	0.81		0.73	0.22	0.63	0.71	0.96	0.41	0.02	-0.3	0.09	0.15	-0.02	0.34	-0.31	-0.25	0.43
Income Before Tax	0.26	0.74	0.4	0.68	0.73	0.67	0.68	0.53	0.51	0.94	0.73		0.49	0.97	0.44	0.8	0.73	-0.28	-0.37	-0.14	0.01	-0.2	0.27	-0.71	-0.63	0.71
Total Other Income Expense Net	-0.15	0.09	0.07	0.06	0.06	0.09	-0.09	-0.32	-0.31	0.4	0.22	0.49		0.47	0.14	0.2	0.44	-0.55	-0.37	-0.51	0.04	0.16	0.69	-0.76	-0.27	0.64
Net Income	0.23	0.78	0.25	0.63	0.66	0.62	0.64	0.5	0.48	0.9	0.63	0.97	0.47		0.22	0.74	0.82	-0.28	-0.4	-0.17	-0.19	-0.34	0.31	-0.7	-0.71	0.74
Income Tax Expense	0.31	0.15	0.67	0.59	0.65	0.59	0.57	0.47	0.47	0.42	0.71	0.44	0.14	0.22		0.61	0.07	-0.11	0.06	0.09	0.73	0.35	0.0	-0.11	0.05	0.14
Research Development	0.51	0.76	0.71	0.95	0.98	0.95	0.85	0.84	0.83	0.86	0.96	0.8	0.2	0.74	0.61		0.52	0.04	-0.34	0.07	0.04	-0.13	0.32	-0.33	-0.36	0.48
Net Income From Continuing Ops	0.06	0.48	-0.1	0.54	0.5	0.54	0.56	0.33	0.29	0.57	0.41	0.73	0.44	0.82	0.07	0.52		-0.46	-0.17	-0.25	-0.11	-0.37	0.39	-0.58	-0.74	0.82
Non Recurring	0.27	0.1	0.14	0.09	0.05	0.09	-0.11	0.3	0.32	0.0	0.02	-0.28	-0.55	-0.28	-0.11	0.04	-0.46		-0.13	0.75	-0.07	-0.04	-0.12	0.3	0.18	-0.29
Non Operating Income Net Other	0.31	-0.44	-0.22	-0.25	-0.21	-0.27	-0.07	-0.19	-0.08	-0.51	-0.3	-0.37	-0.37	-0.4	0.06	-0.34	-0.17	-0.13		0.39	0.31	0.15	-0.24	0.48	0.25	-0.27
Minority Interest	0.46	0.02	0.09	0.12	0.12	0.12	0.0	0.25	0.32	0.04	0.09	-0.14	-0.51	-0.17	0.09	0.07	-0.25	0.75	0.39		0.17	0.02	-0.1	0.19	0.05	-0.05
Tax Provision	-0.01	-0.33	0.12	0.09	0.1	0.1	0.08	-0.02	-0.02	-0.07	0.15	0.01	0.04	-0.19	0.73	0.04	-0.11	-0.07	0.31	0.17		0.43	-0.16	-0.02	0.09	0.05
Net Interest Income	-0.26	-0.66	0.41	-0.2	-0.18	-0.18	-0.26	-0.29	-0.31	-0.21	-0.02	-0.2	0.16	-0.34	0.35	-0.13	-0.37	-0.04	0.15	0.02	0.43		0.2	-0.02	0.75	-0.22
Interest Income	0.18	0.07	0.21	0.29	0.23	0.32	-0.03	-0.09	-0.03	0.31	0.34	0.27	0.69	0.31	0.0	0.32	0.39	-0.12	-0.24	-0.1	-0.16	0.2		-0.5	-0.06	0.62
Reconciled Depreciation	0.18	-0.34	-0.04	-0.17	-0.18	-0.2	-0.02	0.1	0.13	-0.67	-0.31	-0.71	-0.76	-0.7	-0.11	-0.33	-0.58	0.3	0.48	0.19	-0.02	-0.02	-0.5		0.56	-0.85
Extraordinary Items	-0.11	-0.67	0.34	-0.36	-0.33	-0.35	-0.34	-0.25	-0.24	-0.56	-0.25	-0.63	-0.27	-0.71	0.05	-0.36	-0.74	0.18	0.25	0.05	0.09	0.75	-0.06	0.56		-0.74
Selling And Marketing Expenses	0.12	0.44	-0.06	0.43	0.4	0.45	0.25	0.1	0.12	0.64	0.43	0.71	0.64	0.74	0.14	0.48	0.82	-0.29	-0.27	-0.05	0.05	-0.22	0.62	-0.85	-0.74

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General Mills Account Relationship Matchups

General Mills income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	472.5M	427.7M	383.4M	396.1M	455.5M	478.3M
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
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
Income Before Tax	2.6B	2.9B	3.2B	3.1B	3.6B	3.8B
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
Non Recurring	275.1M	24.4M	170.4M	56.2M	64.6M	61.4M
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

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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:

How To Invest In General

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Is General Stock a good investment?

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What is General Mills' Net Worth?

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Check out General Mills Valuation and General Mills Correlation analysis.

For more information on how to buy General Stock please use our How to Invest in General Mills guide.

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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.

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General Income Statement Research

General Mills income statement Correlations

General Mills Account Relationship Matchups

High Positive Relationship

High Negative Relationship

General Mills income statement Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Operating Expenses	+ 1.0	Total Revenue
Gross Profit	+ 0.98	Total Revenue
Other Operating Expenses	+ 0.98	Gross Profit
Research Development	+ 0.98	Gross Profit
Ebitda	+ 0.98	Ebit
Net Income	+ 0.97	Income Before Tax

Selling And Marketing Expenses	- 0.85	Reconciled Depreciation
Reconciled Depreciation	- 0.76	Total Other Income Expense Net
Selling And Marketing Expenses	- 0.74	Extraordinary Items
Extraordinary Items	- 0.74	Net Income From Continuing Ops
Extraordinary Items	- 0.71	Net Income
Reconciled Depreciation	- 0.71	Income Before Tax