General Mills, Inc. (GIS) financial statements (2022 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)

2/28/2022
TTM
11/30/2021
TTM
5/31/2021
5/31/2020
5/31/2019
5/31/2018
5/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8441,0211,5051,678450399766
Cash and cash equivalents8441,0211,5051,678450399766
Receivables1,7501,7661,6391,6151,6801,6841,430
Inventory, net of allowances, customer advances and progress billings1,7101,7971,8211,4261,5591,6421,484
Inventory1,7101,7971,8211,4261,5591,6421,484
Disposal group, including discontinued operation 1,263     
Other current assets     398382
Other undisclosed current assets724765790402498  
Total current assets:5,0296,6125,7555,1214,1874,1244,061
Noncurrent Assets
Property, plant and equipment3,2883,2923,6073,5813,7874,0473,688
Intangible assets, net (including goodwill)21,55821,33721,21321,01921,16321,51013,278
Goodwill14,54714,52314,06213,92313,99614,0658,747
Intangible assets, net (excluding goodwill)7,0116,8147,1517,0967,1677,4454,530
Other noncurrent assets1,2701,2411,2681,086975943786
Total noncurrent assets:26,11525,86926,08725,68525,92526,50017,751
TOTAL ASSETS:31,14432,48231,84230,80730,11130,62421,813
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,4753,4503,6543,2482,8542,7462,120
Accounts payable3,4753,4503,6543,2482,8542,7462,120
Debt1,3251,6992,8252,6112,8653,1501,839
Disposal group, including discontinued operation 604     
Other liabilities2,0392,0601,7871,6331,3681,4461,372
Total current liabilities:6,8397,8138,2667,4927,0877,3425,331
Noncurrent Liabilities
Long-term debt and lease obligation, including:10,94510,9749,78710,92911,62512,6697,643
Long-term debt, excluding current maturities10,94510,974     
Operating lease, liability   277
Other undisclosed long-term debt and lease obligation  9,78710,65211,62512,6697,643
Liabilities, other than long-term debt3,2843,3293,4113,4923,4803,3453,243
Deferred tax liabilities, net2,0312,0041,719
Deferred income tax liabilities2,1662,1472,1181,947
Other liabilities1,1181,1821,2931,5451,4491,3411,523
Total noncurrent liabilities:14,22914,30213,19814,42115,10516,01410,885
Total liabilities:21,06822,11521,46421,91322,19223,35516,216
Stockholders' equity
Stockholders' equity attributable to parent9,8139,5259,4708,0597,0556,1414,328
Common stock76767676767676
Treasury stock, value(7,015)(6,915)(6,611)(6,433)(6,779)(7,168)(7,763)
Additional paid in capital1,1621,3651,3661,3491,3871,2031,121
Accumulated other comprehensive loss(2,123)(2,364)(2,429)(2,914)(2,625)(2,429)(2,245)
Retained earnings17,71317,36317,07015,98214,99714,46013,139
Stockholders' equity attributable to noncontrolling interest263280303291313351358
Total stockholders' equity:10,0769,8059,7738,3507,3686,4924,686
Other undisclosed liabilities and equity 562605545552776911
TOTAL LIABILITIES AND EQUITY:31,14432,48231,84230,80730,11130,62421,813

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

2/28/2022
TTM
11/30/2021
TTM
5/31/2021
5/31/2020
5/31/2019
5/31/2018
5/31/2017
Revenues2,6872,6702,18917,62716,86515,74015,620
Revenue, net15,74015,620
Cost of revenue
(Cost of Goods and Services Sold)
(12,410)(12,242)(11,679)(11,497)(11,108)(10,313)(10,056)
Gross profit:(9,723)(9,572)(9,490)6,1305,7575,4285,564
Operating expenses(3,208)(3,347)(3,304)(3,176)(3,241)(2,918)(2,997)
Other undisclosed operating income15,93815,93815,938    
Operating income:3,0083,0193,1452,9542,5162,5092,566
Nonoperating income
(Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component)
11812413311388  
Interest and debt expense(378)(397)(420)(467)(522)(374)(295)
Income from continuing operations before equity method investments, income taxes:2,7482,7462,8572,6002,0822,1362,271
Income from equity method investments12010211891728585
Income from continuing operations before income taxes:2,8682,8482,9752,6912,1542,2202,356
Income tax expense(559)(598)(629)(481)(368)(57)(655)
Net income:2,3092,2502,3462,2111,7862,1631,701
Net loss attributable to noncontrolling interest(8)(14)(6)(30)(34)(32)(44)
Net income available to common stockholders, diluted:2,3012,2372,3402,1811,7532,1311,658

Comprehensive Income ($ in millions)

2/28/2022
TTM
11/30/2021
TTM
5/31/2021
5/31/2020
5/31/2019
5/31/2018
5/31/2017
Net income:2,3092,2502,3462,2111,7862,1631,701
Other undisclosed comprehensive income (loss)    (230)140338
Comprehensive income:2,3092,2502,3462,2111,5572,3032,039
Comprehensive loss, net of tax, attributable to noncontrolling interest(8)(14)(6)(30)(34)(32)(44)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent720504485(289)33530
Comprehensive income, net of tax, attributable to parent:3,0212,7402,8251,8921,5562,2762,025

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: