Name: General Mills Inc. (NYSE:GIS) | Liabilities and Stockholders’ Equity (Quarterly)
Creator: Stock Analysis on Net

Balance Sheet: Liabilities and Stockholders’ Equity
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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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General Mills Inc., consolidated balance sheet: liabilities and stockholders’ equity (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
Accounts payable	3,063,000)	2,786,700)	2,854,100)	2,750,500)	2,823,900)	2,723,800)	2,746,200)	2,505,700)	2,467,000)	2,172,900)	2,119,800)	1,855,300)	1,938,300)	1,944,800)	2,046,500)	1,725,600)	1,704,100)	1,759,600)	1,684,000)	1,481,300)	1,656,700)	1,571,300)	1,611,300)	1,360,300)	1,424,100)	1,425,500)
Current portion of long-term debt	1,537,200)	1,391,800)	1,396,500)	1,407,200)	1,990,600)	1,599,200)	1,600,100)	1,250,500)	200,500)	604,700)	604,700)	604,700)	1,507,600)	1,103,400)	1,103,400)	1,103,500)	1,100,200)	1,000,300)	1,000,400)	1,750,600)	750,700)	855,400)	1,250,600)	1,203,800)	852,800)	748,000)
Notes payable	1,345,100)	1,296,100)	1,468,700)	1,971,300)	1,056,300)	1,349,400)	1,549,800)	1,210,800)	1,298,000)	1,660,300)	1,234,100)	1,942,000)	1,421,700)	690,500)	269,800)	640,300)	306,700)	823,700)	615,800)	1,897,900)	2,071,400)	1,795,400)	1,111,700)	545,300)	1,051,300)	1,583,100)
Other current liabilities	1,417,000)	1,428,800)	1,367,800)	1,387,600)	1,427,300)	1,515,400)	1,445,800)	1,242,600)	1,384,000)	1,452,000)	1,372,200)	1,341,500)	1,376,800)	1,476,400)	1,595,000)	1,784,300)	1,858,400)	1,716,300)	1,589,900)	1,572,700)	1,614,900)	1,571,000)	1,449,900)	1,574,200)	1,661,900)	1,706,300)
Current liabilities	7,362,300)	6,903,400)	7,087,100)	7,516,600)	7,298,100)	7,187,800)	7,341,900)	6,209,600)	5,349,500)	5,889,900)	5,330,800)	5,743,500)	6,244,400)	5,215,100)	5,014,700)	5,253,700)	4,969,400)	5,299,900)	4,890,100)	6,702,500)	6,093,700)	5,793,100)	5,423,500)	4,683,600)	4,990,100)	5,462,900)
Long-term debt, excluding current portion	10,953,100)	11,619,800)	11,624,800)	11,642,600)	12,208,600)	12,665,100)	12,668,700)	7,163,600)	8,228,300)	7,822,700)	7,642,900)	7,176,400)	6,542,000)	7,078,000)	7,057,700)	7,024,400)	7,416,600)	7,609,700)	7,607,700)	6,642,600)	7,713,100)	6,669,100)	6,423,500)	7,179,600)	6,740,600)	5,913,500)
Deferred income taxes	2,015,900)	1,991,700)	2,031,000)	2,046,900)	2,036,900)	2,028,700)	2,003,800)	1,233,900)	1,790,900)	1,761,000)	1,719,400)	1,547,700)	1,506,400)	1,442,700)	1,399,600)	1,575,600)	1,508,300)	1,560,700)	1,550,300)	1,792,700)	1,761,500)	1,668,600)	1,666,000)	1,474,400)	1,450,300)	1,409,600)
Other liabilities	1,555,400)	1,554,900)	1,448,900)	1,281,400)	1,313,400)	1,325,800)	1,341,000)	1,481,300)	1,439,700)	1,485,600)	1,523,100)	1,930,000)	1,981,800)	2,047,700)	2,087,600)	1,687,500)	1,711,800)	1,714,000)	1,744,800)	1,594,700)	1,623,800)	1,600,100)	1,643,200)	1,822,000)	1,874,200)	1,868,900)
Noncurrent liabilities	14,524,400)	15,166,400)	15,104,700)	14,970,900)	15,558,900)	16,019,600)	16,013,500)	9,878,800)	11,458,900)	11,069,300)	10,885,400)	10,654,100)	10,030,200)	10,568,400)	10,544,900)	10,287,500)	10,636,700)	10,884,400)	10,902,800)	10,030,000)	11,098,400)	9,937,800)	9,732,700)	10,476,000)	10,065,100)	9,192,000)
Total liabilities	21,886,700)	22,069,800)	22,191,800)	22,487,500)	22,857,000)	23,207,400)	23,355,400)	16,088,400)	16,808,400)	16,959,200)	16,216,200)	16,397,600)	16,274,600)	15,783,500)	15,559,600)	15,541,200)	15,606,100)	16,184,300)	15,792,900)	16,732,500)	17,192,100)	15,730,900)	15,156,200)	15,159,600)	15,055,200)	14,654,900)
Redeemable interest	545,100)	547,800)	551,700)	548,900)	547,600)	771,600)	776,200)	817,500)	793,400)	967,500)	910,900)	869,200)	801,700)	841,000)	845,600)	826,700)	817,400)	786,600)	778,900)	801,500)	901,400)	959,100)	984,100)	987,300)	1,010,400)	995,900)
Common stock, $0.10 par value	75,500)	75,500)	75,500)	75,500)	75,500)	75,500)	75,500)	75,500)	75,500)	75,500)	75,500)	75,500)	75,500)	75,500)	75,500)	75,500)	75,500)	75,500)	75,500)	75,500)	75,500)	75,500)	75,500)	75,500)	75,500)	75,500)
Additional paid-in capital	1,387,000)	1,370,900)	1,386,700)	1,414,200)	1,433,000)	1,160,900)	1,202,500)	1,235,000)	1,243,300)	1,070,700)	1,120,900)	1,129,800)	1,179,400)	1,185,100)	1,177,000)	1,164,400)	1,155,400)	1,232,100)	1,296,700)	1,293,200)	1,260,300)	1,237,500)	1,231,800)	1,216,000)	1,164,200)	1,189,600)
Retained earnings	15,501,800)	15,218,800)	14,996,700)	14,724,500)	14,572,200)	14,523,800)	14,459,600)	14,398,400)	13,408,900)	13,259,300)	13,138,900)	13,008,800)	12,931,800)	12,734,600)	12,616,500)	12,514,000)	12,416,000)	12,150,900)	11,990,800)	12,070,400)	11,975,300)	11,878,000)	11,787,200)	11,636,500)	11,465,500)	11,157,900)
Common stock in treasury, at cost	(6,662,200)	(6,681,800)	(6,779,000)	(6,923,500)	(7,009,700)	(7,035,900)	(7,167,500)	(8,190,800)	(8,252,600)	(8,269,700)	(7,762,900)	(7,800,300)	(7,529,200)	(6,602,200)	(6,326,600)	(6,450,200)	(6,442,900)	(6,089,200)	(6,055,600)	(6,160,100)	(6,079,200)	(5,613,800)	(5,219,400)	(4,979,700)	(4,465,100)	(3,928,300)
Accumulated other comprehensive loss	(2,589,800)	(2,600,600)	(2,625,400)	(2,360,300)	(2,419,200)	(2,499,200)	(2,429,000)	(2,552,500)	(2,244,400)	(2,232,000)	(2,244,500)	(2,350,400)	(2,476,900)	(2,484,700)	(2,612,200)	(2,414,900)	(2,407,000)	(2,420,200)	(2,310,700)	(1,837,800)	(1,559,600)	(1,374,900)	(1,340,300)	(1,640,600)	(1,606,700)	(1,670,400)
Stockholders’ equity	7,712,300)	7,382,800)	7,054,500)	6,930,400)	6,651,800)	6,225,100)	6,141,100)	4,965,600)	4,230,700)	3,903,800)	4,327,900)	4,063,400)	4,180,600)	4,908,300)	4,930,200)	4,888,800)	4,797,000)	4,949,100)	4,996,700)	5,441,200)	5,672,300)	6,202,300)	6,534,800)	6,307,700)	6,633,400)	6,824,300)
Noncontrolling interests	308,300)	312,800)	313,200)	319,000)	327,600)	350,700)	351,300)	369,100)	359,000)	379,100)	357,600)	340,100)	345,200)	380,300)	376,900)	374,900)	368,200)	402,900)	396,000)	407,900)	437,900)	480,500)	470,600)	470,400)	453,100)	469,500)
Total equity	8,020,600)	7,695,600)	7,367,700)	7,249,400)	6,979,400)	6,575,800)	6,492,400)	5,334,700)	4,589,700)	4,282,900)	4,685,500)	4,403,500)	4,525,800)	5,288,600)	5,307,100)	5,263,700)	5,165,200)	5,352,000)	5,392,700)	5,849,100)	6,110,200)	6,682,800)	7,005,400)	6,778,100)	7,086,500)	7,293,800)
Total liabilities and equity	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 financial trajectory between August 2013 and November 2019 reveals a significant expansion in the total capital structure, characterized by a substantial increase in both total liabilities and total equity. A pivotal shift occurred in May 2018, where total liabilities and equity jumped from approximately 22.2 billion USD to over 30.6 billion USD, signaling a major financing event or strategic acquisition during that period.

Liability Trends and Obligations: Total liabilities exhibited a general upward trend, rising from 14.6 billion USD in August 2013 to 21.8 billion USD by November 2019. Current liabilities grew from 5.4 billion USD to 7.3 billion USD over the same period. A notable component of this growth was accounts payable, which more than doubled from 1.4 billion USD to 3.0 billion USD, indicating an increase in short-term obligations to suppliers.; Noncurrent liabilities saw a dramatic escalation in mid-2018, increasing from approximately 9.8 billion USD in February 2018 to 16.0 billion USD in May 2018. This surge was primarily driven by long-term debt, which rose from 7.1 billion USD to 12.6 billion USD in a single quarter, remaining elevated above 10 billion USD through the end of the observed period.
Equity and Shareholders' Value: Total equity experienced a period of volatility, declining from 7.2 billion USD in 2013 to a low of 4.2 billion USD in August 2017. However, a strong recovery followed, with equity climbing to 8.0 billion USD by November 2019. This recovery was supported by a consistent and steady increase in retained earnings, which grew from 11.1 billion USD to 15.5 billion USD.; The decline in equity between 2013 and 2017 was largely driven by an increase in common stock held in treasury, which reached a peak deficit of 8.2 billion USD in August 2017, suggesting aggressive share repurchase activity. Following this peak, the treasury stock deficit decreased to 6.6 billion USD by November 2019, contributing to the overall rise in stockholders' equity.
Comprehensive Financial Health Indicators: Accumulated other comprehensive losses widened over the period, moving from 1.6 billion USD in August 2013 to 2.5 billion USD in November 2019, acting as a persistent drag on total equity.; The relationship between debt and equity shifted markedly after May 2018. While the company historically maintained a lower debt profile, the sudden increase in long-term debt combined with the subsequent recovery in equity suggests a strategic recalibration of the balance sheet to support growth or operational changes.

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General Mills Inc. (NYSE:GIS)

Balance Sheet: Liabilities and Stockholders’ EquityQuarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data