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Income Statement
Quarterly Data
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 (quarterly data)
USD $ in thousands
| 3 months ended | 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 | May 26, 2013 | Feb 24, 2013 | Nov 25, 2012 | Aug 26, 2012 | ||||||||||||||||||||||||||
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| Cost of sales | |
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| Gross margin | |
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| Selling, general, and administrative expenses | |
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| Divestitures gain (loss) | |
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| Restructuring, impairment, and other exit (costs) recoveries | |
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| Operating profit | |
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| Benefit plan non-service income | |
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| Interest, net | |
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| Earnings before income taxes and after-tax earnings from joint ventures | |
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| Income taxes | |
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| After-tax earnings from joint ventures | |
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| Net earnings, including earnings attributable to redeemable and noncontrolling interests | |
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| Net (earnings) loss attributable to redeemable and noncontrolling interests | |
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| Net earnings attributable to General Mills | |
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Based on: 10-Q (filing date: 2018-09-18), 10-K (filing date: 2018-06-29), 10-Q (filing date: 2018-03-21), 10-Q (filing date: 2017-12-20), 10-Q (filing date: 2017-09-20), 10-K (filing date: 2017-06-29), 10-Q (filing date: 2017-03-21), 10-Q (filing date: 2016-12-20), 10-Q (filing date: 2016-09-21), 10-K (filing date: 2016-06-30), 10-Q (filing date: 2016-03-23), 10-Q (filing date: 2015-12-17), 10-Q (filing date: 2015-09-23), 10-K (filing date: 2015-07-06), 10-Q (filing date: 2015-03-18), 10-Q (filing date: 2014-12-17), 10-Q (filing date: 2014-09-18), 10-K (filing date: 2014-07-03), 10-Q (filing date: 2014-03-19), 10-Q (filing date: 2013-12-18), 10-Q (filing date: 2013-09-18), 10-K (filing date: 2013-07-03), 10-Q (filing date: 2013-03-20), 10-Q (filing date: 2012-12-19), 10-Q (filing date: 2012-09-19).
| 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 Q3 2018 to Q4 2018 and from Q4 2018 to Q1 2019. |
| Operating profit | The net result for the period of deducting operating expenses from operating revenues. | General Mills Inc.'s operating profit declined from Q3 2018 to Q4 2018 but then increased from Q4 2018 to Q1 2019 exceeding Q3 2018 level. |
| 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 Q3 2018 to Q4 2018 but then increased from Q4 2018 to Q1 2019 not reaching Q3 2018 level. |
| 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 declined from Q3 2018 to Q4 2018 but then slightly increased from Q4 2018 to Q1 2019. |
