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Microsoft Excel LibreOffice Calc

General Mills Inc. (GIS)


Income Statement

Difficulty: Beginner

The income statement presents information on the financial results of a company’s business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

General Mills Inc., Consolidated Income Statement

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
Net sales hidden hidden hidden hidden hidden hidden
Cost of sales hidden hidden hidden hidden hidden hidden
Gross margin hidden hidden hidden hidden hidden hidden
Selling, general, and administrative expenses hidden hidden hidden hidden hidden hidden
Divestitures gain (loss) hidden hidden hidden hidden hidden hidden
Restructuring, impairment, and other exit costs hidden hidden hidden hidden hidden hidden
Operating profit hidden hidden hidden hidden hidden hidden
Benefit plan non-service income hidden hidden hidden hidden hidden hidden
Interest expense, net of capitalized interest hidden hidden hidden hidden hidden hidden
Interest income hidden hidden hidden hidden hidden hidden
Interest, net hidden hidden hidden hidden hidden hidden
Earnings before income taxes and after-tax earnings from joint ventures hidden hidden hidden hidden hidden hidden
Income taxes hidden hidden hidden hidden hidden hidden
After-tax earnings from joint ventures hidden hidden hidden hidden hidden hidden
Net earnings, including earnings attributable to redeemable and noncontrolling interests hidden hidden hidden hidden hidden hidden
Net earnings attributable to redeemable and noncontrolling interests hidden hidden hidden hidden hidden hidden
Net earnings attributable to General Mills hidden hidden hidden hidden hidden hidden

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
Net sales Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. General Mills Inc.’s net sales increased from 2017 to 2018 and from 2018 to 2019.
Operating profit The net result for the period of deducting operating expenses from operating revenues. General Mills Inc.’s operating profit declined from 2017 to 2018 but then slightly increased 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 declined 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 increased from 2017 to 2018 but then slightly declined from 2018 to 2019 not reaching 2017 level.