Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

General Mills Inc. (NYSE:GIS)

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Adjustments to Financial Statements

Advanced level


Adjustments to Current Assets

General Mills Inc., adjusted current assets

US$ in thousands

Microsoft Excel LibreOffice Calc
May 26, 2019 May 27, 2018 May 28, 2017 May 29, 2016 May 31, 2015 May 25, 2014
As Reported
Current assets
Adjustments
Add: Allowance for doubtful accounts
Add: Excess of FIFO over LIFO cost1
Less: Current deferred tax assets2
After Adjustment
Adjusted current assets

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).

1 Excess of FIFO over LIFO cost. See details »

2 Current deferred tax assets. See details »


Adjustments to Total Assets

General Mills Inc., adjusted total assets

US$ in thousands

Microsoft Excel LibreOffice Calc
May 26, 2019 May 27, 2018 May 28, 2017 May 29, 2016 May 31, 2015 May 25, 2014
As Reported
Total assets
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)1
Add: Allowance for doubtful accounts
Add: Excess of FIFO over LIFO cost2
Less: Current deferred tax assets3
After Adjustment
Adjusted total assets

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).

1 Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

2 Excess of FIFO over LIFO cost. See details »

3 Current deferred tax assets. See details »


Adjustments to Current Liabilities

General Mills Inc., adjusted current liabilities

US$ in thousands

Microsoft Excel LibreOffice Calc
May 26, 2019 May 27, 2018 May 28, 2017 May 29, 2016 May 31, 2015 May 25, 2014
As Reported
Current liabilities
Adjustments
Less: Current reserve for restructuring and other exit charges
After Adjustment
Adjusted current liabilities

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).


Adjustments to Total Liabilities

General Mills Inc., adjusted total liabilities

US$ in thousands

Microsoft Excel LibreOffice Calc
May 26, 2019 May 27, 2018 May 28, 2017 May 29, 2016 May 31, 2015 May 25, 2014
As Reported
Total liabilities
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)1
Less: Noncurrent deferred tax liabilities2
Less: Reserve for restructuring and other exit charges
After Adjustment
Adjusted total liabilities

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).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Noncurrent deferred tax liabilities. See details »


Adjustments to Stockholders’ Equity

General Mills Inc., adjusted stockholders’ equity

US$ in thousands

Microsoft Excel LibreOffice Calc
May 26, 2019 May 27, 2018 May 28, 2017 May 29, 2016 May 31, 2015 May 25, 2014
As Reported
Stockholders’ equity
Adjustments
Less: Net deferred tax asset (liability)1
Add: Allowance for doubtful accounts
Add: Excess of FIFO over LIFO cost2
Add: Reserve for restructuring and other exit charges
Add: Redeemable interest
Add: Noncontrolling interests
After Adjustment
Adjusted total 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).

1 Net deferred tax asset (liability). See details »

2 Excess of FIFO over LIFO cost. See details »


Adjustments to Capitalization Table

General Mills Inc., adjusted capitalization table

US$ in thousands

Microsoft Excel LibreOffice Calc
May 26, 2019 May 27, 2018 May 28, 2017 May 29, 2016 May 31, 2015 May 25, 2014
As Reported
Current portion of long-term debt
Notes payable
Long-term debt, excluding current portion
Total reported debt
Stockholders’ equity
Total reported capital
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)1
Adjusted total debt
Adjustments to Equity
Less: Net deferred tax asset (liability)2
Add: Allowance for doubtful accounts
Add: Excess of FIFO over LIFO cost3
Add: Reserve for restructuring and other exit charges
Add: Redeemable interest
Add: Noncontrolling interests
Adjusted total equity
After Adjustment
Adjusted total capital

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).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Net deferred tax asset (liability). See details »

3 Excess of FIFO over LIFO cost. See details »


Adjustments to Reported Income

General Mills Inc., adjusted net earnings attributable to General Mills

US$ in thousands

Microsoft Excel LibreOffice Calc
12 months ended: May 26, 2019 May 27, 2018 May 28, 2017 May 29, 2016 May 31, 2015 May 25, 2014
As Reported
Net earnings attributable to General Mills
Adjustments
Add: Deferred income tax expense (benefit)1
Add: Increase (decrease) in allowance for doubtful accounts
Add: Increase (decrease) in LIFO reserve2
Add: Increase (decrease) in reserve for restructuring and other exit charges
Add: Other comprehensive income (loss), net of tax
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest
After Adjustment
Adjusted net earnings, including earnings attributable to redeemable and noncontrolling interests

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).

1 Deferred income tax expense (benefit). See details »

2 Increase (decrease) in LIFO reserve. See details »