General Mills Inc. (GIS)

Common-Size Statement of Financial Position, Liabilities and Stockholders’ Equity

Difficulty: Beginner

General Mills Inc., Common-Size Consolidated Statement of Financial Position, Liabilities and Stockholders’ Equity

		May 26, 2019		May 27, 2018		May 28, 2017		May 29, 2016		May 31, 2015		May 25, 2014
	Accounts payable
	Current portion of long-term debt
	Notes payable
	Accrued trade and consumer promotions
	Accrued payroll
	Dividends payable
	Accrued taxes
	Accrued interest, including interest rate swaps
	Grain contracts
	Restructuring and other exit costs reserve
	Derivative payable
	Miscellaneous
	Other current liabilities
	Current liabilities
	Long-term debt, excluding current portion
	Deferred income taxes
	Accrued compensation and benefits, including obligations for underfunded other postretirement benefit and postemployment benefit plans
	Accrued taxes
	Miscellaneous
	Other liabilities
	Noncurrent liabilities
	Total liabilities
	Redeemable interest
	Common stock, $0.10 par value
	Additional paid-in capital
	Retained earnings
	Common stock in treasury, at cost
	Accumulated other comprehensive loss
	Stockholders’ equity
	Noncontrolling interests
	Total equity
	Total liabilities and equity

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).

Item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	General Mills Inc.’s current liabilities as a percentage of total liabilities and equity declined from 2017 to 2018 and from 2018 to 2019.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	General Mills Inc.’s noncurrent liabilities as a percentage of total liabilities and equity increased from 2017 to 2018 but then slightly declined from 2018 to 2019 not reaching 2017 level.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	General Mills Inc.’s total liabilities as a percentage of total liabilities and equity increased from 2017 to 2018 but then declined significantly from 2018 to 2019.
Stockholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity’s stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	General Mills Inc.’s stockholders’ equity as a percentage of total liabilities and equity increased from 2017 to 2018 and from 2018 to 2019.

	General Mills Inc.	Other companies (not purchased previously)
Financial Statements
Common-Size Financial Statements
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Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality

	All companies
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality