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General Mills Inc. (GIS)


Common-Size Balance Sheet: Assets

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General Mills Inc., common-size consolidated balance sheet: assets

Microsoft Excel LibreOffice Calc
May 26, 2019 May 27, 2018 May 28, 2017 May 29, 2016 May 31, 2015 May 25, 2014
Cash and cash equivalents 1.49 1.30 3.51 3.52 1.52 3.75
Receivables 5.58 5.50 6.56 6.27 6.31 6.41
Inventories 5.18 5.36 6.80 6.51 7.02 6.74
Deferred income taxes 0.00 0.00 0.00 0.00 0.46 0.32
Other receivables 0.83 0.57 0.75 0.73 0.68 0.66
Prepaid expenses 0.63 0.54 0.77 0.82 0.77 0.81
Derivative receivables, primarily commodity-related 0.14 0.13 0.16 0.21 0.37 0.14
Grain contracts 0.02 0.02 0.01 0.01 0.02 0.03
Miscellaneous 0.03 0.03 0.05 0.07 0.10 0.12
Prepaid expenses and other current assets 1.65% 1.30% 1.75% 1.84% 1.93% 1.77%
Current assets 13.90% 13.47% 18.62% 18.13% 17.24% 18.98%
Land, buildings, and equipment 12.58 13.22 16.91 17.24 17.22 17.03
Goodwill 46.48 45.93 40.10 40.26 40.41 37.37
Other intangible assets 23.80 24.31 20.77 20.90 21.29 21.66
Investments in and advances to joint ventures 1.50 1.63 2.32 2.39 2.42 2.19
Pension assets 1.07 1.01 0.66 0.42 0.63 1.87
Exchangeable note with related party 0.00 0.00 0.00 0.06 0.14 0.29
Life insurance 0.08 0.09 0.12 0.12 0.12 0.11
Miscellaneous 0.58 0.35 0.50 0.47 0.53 0.48
Other assets 3.24% 3.08% 3.60% 3.46% 3.84% 4.95%
Noncurrent assets 86.10% 86.53% 81.38% 81.87% 82.76% 81.02%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (filing date: 2019-06-28), 10-K (filing date: 2018-06-29), 10-K (filing date: 2017-06-29), 10-K (filing date: 2016-06-30), 10-K (filing date: 2015-07-06), 10-K (filing date: 2014-07-03).

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. General Mills Inc.’s current assets as a percentage of total assets decreased from 2017 to 2018 but then slightly increased from 2018 to 2019.
Land, buildings, and equipment Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. General Mills Inc.’s land, buildings, and equipment as a percentage of total assets decreased from 2017 to 2018 and from 2018 to 2019.
Noncurrent assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. General Mills Inc.’s noncurrent assets as a percentage of total assets increased from 2017 to 2018 but then slightly decreased from 2018 to 2019.