General Mills, Inc. (GIS) financial statements (2021 and earlier)

Company profile

Business Address NUMBER ONE GENERAL MILLS BLVD
MINNEAPOLIS, MN 55426
State of Incorp. DE
Fiscal Year End May 31
SIC 204 - Grain Mill Products (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

2/29/2020
TTM
11/30/2019
TTM
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments607560450399766764334
Cash and cash equivalents607560450399766764334
Receivables1,7311,7731,6801,6841,4301,3611,387
Inventory, net of allowances, customer advances and progress billings1,5421,7201,5591,6421,4841,4141,541
Inventory1,5421,7201,5591,6421,4841,4141,541
Prepaid expense      169
Derivative instruments and hedges, assets      81
Other current assets   398382399424
Other undisclosed current assets428427498   (150)
Total current assets:4,3094,4794,1874,1244,0613,9373,786
Noncurrent Assets
Property, plant and equipment3,5353,5893,7874,0473,6883,7443,783
Long-term investments and receivables      561
Long-term investments      531
Due from related parties      31
Intangible assets, net (including goodwill)21,05921,10721,16321,51013,27813,28013,552
Goodwill13,95113,97413,99614,0658,7478,7418,875
Intangible assets, net (excluding goodwill)7,1087,1337,1677,4454,5304,5394,677
Other noncurrent assets1,3461,278975943786752844
Defined benefit plan, assets for plan benefits  138
Other undisclosed noncurrent assets      (700)
Total noncurrent assets:25,94025,97425,92526,50017,75117,77518,179
TOTAL ASSETS:30,24930,45230,11130,62421,81321,71221,965
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,9323,0632,8542,7462,1202,0472,723
Accounts payable2,9323,0632,8542,7462,1202,0471,684
Accrued liabilities      565
Employee-related liabilities      362
Taxes payable      21
Interest and dividends payable      92
Debt2,0382,8822,8653,1501,8391,3731,616
Derivative instruments and hedges, liabilities      123
Liability for uncertainty in income taxes      1
Other liabilities1,7271,4171,3681,4461,3721,5951,590
Other undisclosed current liabilities      (1,163)
Total current liabilities:6,6977,3627,0877,3425,3315,0154,890
Noncurrent Liabilities
Long-term debt and lease obligation, including:11,59011,26211,62512,6697,6437,0587,608
Long-term debt, excluding current maturities11,59010,953     
Operating lease, liability 309
Other undisclosed long-term debt and lease obligation  11,62512,6697,6437,0587,608
Liabilities, other than long-term debt3,5641,5553,4803,3453,2433,4873,498
Accounts payable and accrued liabilities      203
Deferred tax liabilities, net2,0312,0041,7191,4001,550
Deferred income tax liabilities2,027 
Other liabilities1,5371,5551,4491,3411,5232,0881,745
Other undisclosed noncurrent liabilities 1,707    (203)
Total noncurrent liabilities:15,15314,52415,10516,01410,88510,54510,903
Total liabilities:21,85021,88722,19223,35516,21615,56015,793
Stockholders' equity
Stockholders' equity attributable to parent7,5757,7127,0556,1414,3284,9304,997
Common stock76767676767676
Treasury stock, value(6,611)(6,662)(6,779)(7,168)(7,763)(6,327)(6,056)
Additional paid in capital1,3351,3871,3871,2031,1211,1771,297
Accumulated other comprehensive loss(2,585)(2,590)(2,625)(2,429)(2,245)(2,612)(2,311)
Retained earnings15,36015,50214,99714,46013,13912,61711,991
Stockholders' equity attributable to noncontrolling interest285308313351358377396
Total stockholders' equity:7,8608,0217,3686,4924,6865,3075,393
Other undisclosed liabilities and equity539545552776911846 
TOTAL LIABILITIES AND EQUITY:30,24930,45230,11130,62421,81321,71221,186

Income statement (P&L) ($ in millions)

2/29/2020
TTM
11/30/2019
TTM
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
Revenues16,76516,78316,86515,74015,62016,56317,630
Revenue, net15,74015,62016,56317,630
Cost of revenue
(Cost of Goods and Services Sold)
(10,942)(10,920)(11,108)(10,313)(10,056)(10,734)(11,681)
Gross profit:5,8235,8635,7575,4285,5645,8305,949
Operating expenses(2,983)(3,022)(3,241)(2,918)(2,997)(3,122)(4,101)
Other undisclosed operating income      229
Operating income:2,8412,8412,5162,5092,5662,7072,077
Nonoperating income11510688   13
Investment income, nonoperating      13
Net periodic defined benefits expense (reversal of expense), excluding service cost component11510688
Interest and debt expense(473)(494)(522)(374)(295)(304)(315)
Other undisclosed loss from continuing operations before equity method investments, income taxes      (13)
Income from continuing operations before equity method investments, income taxes:2,4832,4542,0822,1362,2712,4041,762
Income from equity method investments78797285858884
Income from continuing operations before income taxes:2,5612,5322,1542,2202,3562,4921,846
Income tax expense(396)(373)(368)(57)(655)(755)(587)
Net income:2,1652,1591,7862,1631,7011,7371,259
Net loss attributable to noncontrolling interest(39)(41)(34)(32)(44)(39) 
Other undisclosed net loss attributable to parent      (38)
Net income available to common stockholders, diluted:2,1262,1181,7532,1311,6581,6971,221

Comprehensive Income ($ in millions)

2/29/2020
TTM
11/30/2019
TTM
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
Net income:2,1652,1591,7862,1631,7011,7371,259
Other undisclosed comprehensive income (loss)(215)(158)(230)140338(330)(1,079)
Comprehensive income:1,9502,0011,5572,3032,0391,407181
Comprehensive loss, net of tax, attributable to noncontrolling interest(39)(41)(34)(32)(44)(39) 
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(10)(12)335302870
Comprehensive income, net of tax, attributable to parent:1,9021,9481,5562,2762,0251,396251

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: