Common-Size Income Statement
General Mills Inc., common-size consolidated income statement
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).
|Income statement item||Description||The company|
|Operating profit||The net result for the period of deducting operating expenses from operating revenues.||General Mills Inc.’s 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.’s 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.’s 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.|