Name: General Mills Inc. (NYSE:GIS) | Balance Sheet: Assets (Quarterly)
Creator: Stock Analysis on Net

Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Assets: Selected Items

Download chart

Current Assets: Selected Items

Download chart

General Mills Inc., consolidated balance sheet: assets (quarterly data)

US$ in thousands

	Nov 24, 2019	Aug 25, 2019	May 26, 2019	Feb 24, 2019	Nov 25, 2018	Aug 26, 2018	May 27, 2018	Feb 25, 2018	Nov 26, 2017	Aug 27, 2017	May 28, 2017	Feb 26, 2017	Nov 27, 2016	Aug 28, 2016	May 29, 2016	Feb 28, 2016	Nov 29, 2015	Aug 30, 2015	May 31, 2015	Feb 22, 2015	Nov 23, 2014	Aug 24, 2014	May 25, 2014	Feb 23, 2014	Nov 24, 2013	Aug 25, 2013
Cash and cash equivalents	560,200)	504,800)	450,000)	547,100)	532,700)	432,900)	399,000)	953,100)	962,100)	820,800)	766,100)	899,100)	809,700)	765,700)	763,700)	782,700)	649,800)	450,600)	334,200)	784,200)	894,500)	841,200)	867,300)	847,100)	774,200)	758,900)
Receivables	1,772,700)	1,710,500)	1,679,700)	1,704,100)	1,716,800)	1,709,100)	1,684,200)	1,496,500)	1,510,500)	1,546,500)	1,430,100)	1,427,500)	1,382,700)	1,446,100)	1,360,800)	1,390,900)	1,461,300)	1,531,500)	1,386,700)	1,585,300)	1,705,800)	1,623,300)	1,483,600)	1,648,100)	1,725,500)	1,637,500)
Inventories	1,719,500)	1,700,100)	1,559,300)	1,544,500)	1,639,200)	1,685,500)	1,642,200)	1,452,500)	1,516,500)	1,595,200)	1,483,600)	1,461,000)	1,525,500)	1,547,500)	1,413,700)	1,350,200)	1,455,000)	1,795,800)	1,540,900)	1,585,100)	1,893,400)	1,823,300)	1,559,400)	1,559,600)	1,752,300)	1,773,600)
Deferred income taxes	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	86,200)	98,600)	87,600)	100,100)	120,700)	98,500)	66,600)	74,100)	103,600)	110,800)	114,300)
Prepaid expenses and other current assets	426,500)	346,000)	497,500)	374,100)	345,100)	358,000)	398,300)	375,000)	345,000)	376,000)	381,600)	340,400)	393,600)	433,700)	399,000)	401,300)	382,900)	439,600)	423,800)	389,100)	394,200)	341,100)	409,100)	399,200)	413,000)	408,900)
Current assets	4,478,900)	4,261,400)	4,186,500)	4,169,800)	4,233,800)	4,185,500)	4,123,700)	4,277,100)	4,334,100)	4,338,500)	4,061,400)	4,128,000)	4,111,500)	4,193,000)	3,937,200)	4,011,300)	4,047,600)	4,305,100)	3,785,700)	4,464,400)	4,986,400)	4,695,500)	4,393,500)	4,557,600)	4,775,800)	4,693,200)
Land, buildings, and equipment	3,588,500)	3,668,300)	3,787,200)	3,822,900)	3,897,400)	3,955,100)	4,047,200)	3,626,200)	3,631,400)	3,648,100)	3,687,700)	3,575,200)	3,571,300)	3,655,300)	3,743,600)	3,604,500)	3,588,400)	3,679,200)	3,783,300)	3,725,400)	3,824,200)	3,907,000)	3,941,900)	3,797,000)	3,809,000)	3,789,400)
Goodwill	13,973,900)	13,983,600)	13,995,800)	14,025,800)	14,018,300)	14,030,400)	14,065,000)	8,867,300)	8,828,300)	8,832,300)	8,747,200)	8,705,800)	8,679,100)	8,758,200)	8,741,200)	8,692,400)	8,602,100)	8,857,700)	8,874,900)	8,935,100)	9,078,700)	8,608,100)	8,650,500)	8,648,900)	8,646,500)	8,615,200)
Other intangible assets	7,133,000)	7,151,400)	7,166,800)	7,195,700)	7,202,700)	7,420,800)	7,445,100)	4,604,100)	4,581,800)	4,593,300)	4,530,400)	4,499,700)	4,487,400)	4,552,200)	4,538,600)	4,509,800)	4,471,000)	4,655,000)	4,677,000)	4,993,300)	5,127,900)	4,967,900)	5,014,300)	5,011,700)	5,020,400)	5,003,900)
Other assets	1,278,100)	1,248,500)	974,900)	1,071,600)	1,031,800)	963,000)	943,000)	865,900)	815,900)	797,400)	785,900)	761,600)	752,800)	754,400)	751,700)	813,600)	879,600)	825,900)	843,600)	1,264,900)	1,186,500)	1,194,300)	1,145,500)	909,800)	900,400)	842,900)
Noncurrent assets	25,973,500)	26,051,800)	25,924,700)	26,116,000)	26,150,200)	26,369,300)	26,500,300)	17,963,500)	17,857,400)	17,871,100)	17,751,200)	17,542,300)	17,490,600)	17,720,100)	17,775,100)	17,620,300)	17,541,100)	18,017,800)	18,178,800)	18,918,700)	19,217,300)	18,677,300)	18,752,200)	18,367,400)	18,376,300)	18,251,400)
Total assets	30,452,400)	30,313,200)	30,111,200)	30,285,800)	30,384,000)	30,554,800)	30,624,000)	22,240,600)	22,191,500)	22,209,600)	21,812,600)	21,670,300)	21,602,100)	21,913,100)	21,712,300)	21,631,600)	21,588,700)	22,322,900)	21,964,500)	23,383,100)	24,203,700)	23,372,800)	23,145,700)	22,925,000)	23,152,100)	22,944,600)

The total asset base exhibits a period of relative stability followed by a significant structural increase in the second quarter of 2018. Total assets fluctuated between approximately 21.5 billion and 24.2 billion US dollars from August 2013 through February 2018, before surging to over 30 billion US dollars in May 2018 and remaining at that elevated level through November 2019.

Liquidity and Current Asset Management: Current assets remained volatile, ranging from a low of 3.78 billion US dollars in May 2015 to a peak of 4.98 billion US dollars in November 2014. Cash and cash equivalents showed significant fluctuations, with a notable decline to 334.2 million US dollars in May 2015 and another sharp drop to 399 million US dollars in May 2018. Receivables exhibited a gradual upward trend over the long term, ending at 1.77 billion US dollars in November 2019 compared to 1.63 billion US dollars at the start of the period. Inventories maintained a consistent range, generally fluctuating between 1.35 billion and 1.89 billion US dollars without a clear long-term directional trend.
Non-Current Asset Expansion: A substantial shift in the balance sheet occurred in May 2018, where non-current assets increased from 17.96 billion US dollars to 26.50 billion US dollars. This growth was primarily driven by a surge in intangible assets. Goodwill increased from 8.86 billion US dollars in February 2018 to 14.06 billion US dollars in May 2018, while other intangible assets rose from 4.60 billion US dollars to 7.44 billion US dollars during the same period. This pattern indicates a major acquisition or business combination during the second quarter of 2018.
Fixed Asset and Other Trends: Land, buildings, and equipment remained remarkably stable, hovering between 3.57 billion and 4.04 billion US dollars throughout the observed timeframe. The lack of significant growth in physical assets, contrasted with the spike in goodwill, suggests that the company's expansion strategy focused on acquiring brands or intellectual property rather than physical infrastructure. Other assets showed a moderate increase toward the end of the period, reaching 1.27 billion US dollars by November 2019.

AI Ask an analyst for more

My previous chats

Add tokens

Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.

How can I help you?

General Mills Inc. (NYSE:GIS)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data