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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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| Item | Description | The company |
|---|---|---|
| Net sales | Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. | 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 | Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and 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, including earnings attributable to redeemable and noncontrolling interests | The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. | General Mills Inc.'s net earnings, including earnings attributable to redeemable and noncontrolling interests declined from Q3 2018 to Q4 2018 but then slightly increased from Q4 2018 to Q1 2019. |
| Net earnings attributable to General Mills | The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. | 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. |
