Stock Analysis on Net
Stock Analysis on Net

General Mills Inc. (NYSE:GIS)

This company has been moved to the archive! The financial data has not been updated since December 18, 2019.

Common-Size Income Statement

General Mills Inc., common-size consolidated income statement

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12 months ended: May 26, 2019 May 27, 2018 May 28, 2017 May 29, 2016 May 31, 2015 May 25, 2014
Net sales 100.00 100.00 100.00 100.00 100.00 100.00
Cost of sales -65.87 -65.52 -64.38 -64.80 -66.26 -64.43
Gross margin 34.13% 34.48% 35.62% 35.20% 33.74% 35.57%
Selling, general, and administrative expenses -17.41 -17.49 -17.93 -18.83 -18.88 -19.40
Divestitures gain (loss) -0.18 0.00 -0.09 0.89 0.00 0.37
Restructuring, impairment, and other exit costs -1.63 -1.05 -1.17 -0.91 -3.09 -0.02
Operating profit 14.92% 15.94% 16.43% 16.35% 11.78% 16.51%
Benefit plan non-service income 0.52 0.00 0.00 0.00 0.00 0.00
Interest expense, net of capitalized interest -3.13 -2.45 -1.93 -1.88 -1.86 -1.78
Interest income 0.03 0.07 0.04 0.05 0.07 0.09
Interest, net -3.09% -2.37% -1.89% -1.83% -1.79% -1.69%
Earnings before income taxes and after-tax earnings from joint ventures 12.34% 13.57% 14.54% 14.51% 9.99% 14.82%
Income taxes -2.18 -0.36 -4.19 -4.56 -3.33 -4.93
After-tax earnings from joint ventures 0.43 0.54 0.54 0.53 0.48 0.50
Net earnings, including earnings attributable to redeemable and noncontrolling interests 10.59% 13.74% 10.89% 10.49% 7.14% 10.39%
Net earnings attributable to redeemable and noncontrolling interests -0.20 -0.20 -0.28 -0.24 -0.22 -0.21
Net earnings attributable to General Mills 10.39% 13.54% 10.61% 10.25% 6.93% 10.19%

Based on: 10-K (reporting date: 2019-05-26), 10-K (reporting date: 2018-05-27), 10-K (reporting date: 2017-05-28), 10-K (reporting date: 2016-05-29), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-25).

Income statement item Description The company
Operating profit The net result for the period of deducting operating expenses from operating revenues. General Mills Inc. operating profit as a percentage of net sales decreased from 2017 to 2018 and from 2018 to 2019.
Earnings before income taxes and after-tax earnings from joint ventures Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. General Mills Inc. earnings before income taxes and after-tax earnings from joint ventures as a percentage of net sales decreased from 2017 to 2018 and from 2018 to 2019.
Net earnings attributable to General Mills The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. General Mills Inc. net earnings attributable to General Mills as a percentage of net sales increased from 2017 to 2018 but then decreased significantly from 2018 to 2019.