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)

2/28/2021
TTM
11/30/2020
TTM
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,7542,5831,678450399766764
Cash and cash equivalents2,7542,5831,678450399766764
Receivables1,7761,7841,6151,6801,6841,4301,361
Inventory, net of allowances, customer advances and progress billings1,7591,7131,4261,5591,6421,4841,414
Inventory1,7591,7131,4261,5591,6421,4841,414
Other current assets    398382399
Other undisclosed current assets323329402498   
Total current assets:6,6126,4085,1214,1874,1244,0613,937
Noncurrent Assets
Property, plant and equipment3,5063,5303,5813,7874,0473,6883,744
Intangible assets, net (including goodwill)21,18321,16821,01921,16321,51013,27813,280
Goodwill14,03514,02013,92313,99614,0658,7478,741
Intangible assets, net (excluding goodwill)7,1487,1487,0967,1677,4454,5304,539
Other noncurrent assets1,3481,2021,086975943786752
Total noncurrent assets:26,03625,89925,68525,92526,50017,75117,775
TOTAL ASSETS:32,64932,30830,80730,11130,62421,81321,712
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,3923,3993,2482,8542,7462,1202,047
Accounts payable3,3923,3993,2482,8542,7462,1202,047
Debt4,0843,0122,6112,8653,1501,8391,373
Other liabilities2,1142,0541,6331,3681,4461,3721,595
Total current liabilities:9,5908,4647,4927,0877,3425,3315,015
Noncurrent Liabilities
Long-term debt and lease obligation, including:9,76710,95310,92911,62512,6697,6437,058
Long-term debt, excluding current maturities9,76710,953     
Operating lease, liability  277
Other undisclosed long-term debt and lease obligation  10,65211,62512,6697,6437,058
Liabilities, other than long-term debt3,5093,4513,4923,4803,3453,2433,487
Deferred tax liabilities, net2,0312,0041,7191,400
Deferred income tax liabilities2,0061,9391,947
Other liabilities1,5021,5111,5451,4491,3411,5232,088
Total noncurrent liabilities:13,27514,40314,42115,10516,01410,88510,545
Total liabilities:22,86522,86721,91322,19223,35516,21615,560
Stockholders' equity
Stockholders' equity attributable to parent8,8908,5508,0597,0556,1414,3284,930
Common stock76767676767676
Treasury stock, value(6,351)(6,365)(6,433)(6,779)(7,168)(7,763)(6,327)
Additional paid in capital1,3541,3331,3491,3871,2031,1211,177
Accumulated other comprehensive loss(2,843)(2,868)(2,914)(2,625)(2,429)(2,245)(2,612)
Retained earnings16,65516,37415,98214,99714,46013,13912,617
Stockholders' equity attributable to noncontrolling interest298303291313351358377
Total stockholders' equity:9,1888,8538,3507,3686,4924,6865,307
Other undisclosed liabilities and equity596588545552776911846
TOTAL LIABILITIES AND EQUITY:32,64932,30830,80730,11130,62421,81321,712

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

2/28/2021
TTM
11/30/2020
TTM
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
Revenues18,62618,28717,62716,86515,74015,62016,563
Revenue, net15,74015,62016,563
Cost of revenue
(Cost of Goods and Services Sold)
(11,993)(11,804)(11,497)(11,108)(10,313)(10,056)(10,734)
Gross profit:6,6346,4836,1305,7575,4285,5645,830
Operating expenses(3,207)(3,232)(3,176)(3,241)(2,918)(2,997)(3,122)
Operating income:3,4263,2512,9542,5162,5092,5662,707
Nonoperating income
(Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component)
12211911388   
Interest and debt expense(436)(440)(467)(522)(374)(295)(304)
Income from continuing operations before equity method investments, income taxes:3,1122,9292,6002,0822,1362,2712,404
Income from equity method investments1231229172858588
Income from continuing operations before income taxes:3,2353,0512,6912,1542,2202,3562,492
Income tax expense(662)(618)(481)(368)(57)(655)(755)
Net income:2,5732,4332,2111,7862,1631,7011,737
Net loss attributable to noncontrolling interest(24)(26)(30)(34)(32)(44)(39)
Net income available to common stockholders, diluted:2,5492,4072,1811,7532,1311,6581,697

Comprehensive Income ($ in millions)

2/28/2021
TTM
11/30/2020
TTM
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
Net income:2,5732,4332,2111,7862,1631,7011,737
Other undisclosed comprehensive income (loss) (6) (230)140338(330)
Comprehensive income:2,5732,4272,2111,5572,3032,0391,407
Comprehensive loss, net of tax, attributable to noncontrolling interest(24)(26)(30)(34)(32)(44)(39)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(258)(272)(289)3353028
Comprehensive income, net of tax, attributable to parent:2,2912,1291,8921,5562,2762,0251,396

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.

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