Stock Analysis on Net

General Mills Inc. (NYSE:GIS)

This company has been moved to the archive! The financial data has not been updated since December 18, 2019.

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.

General Mills Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in thousands

Microsoft Excel
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

Based on: 10-Q (reporting date: 2019-11-24), 10-Q (reporting date: 2019-08-25), 10-K (reporting date: 2019-05-26), 10-Q (reporting date: 2019-02-24), 10-Q (reporting date: 2018-11-25), 10-Q (reporting date: 2018-08-26), 10-K (reporting date: 2018-05-27), 10-Q (reporting date: 2018-02-25), 10-Q (reporting date: 2017-11-26), 10-Q (reporting date: 2017-08-27), 10-K (reporting date: 2017-05-28), 10-Q (reporting date: 2017-02-26), 10-Q (reporting date: 2016-11-27), 10-Q (reporting date: 2016-08-28), 10-K (reporting date: 2016-05-29), 10-Q (reporting date: 2016-02-28), 10-Q (reporting date: 2015-11-29), 10-Q (reporting date: 2015-08-30), 10-K (reporting date: 2015-05-31), 10-Q (reporting date: 2015-02-22), 10-Q (reporting date: 2014-11-23), 10-Q (reporting date: 2014-08-24), 10-K (reporting date: 2014-05-25), 10-Q (reporting date: 2014-02-23), 10-Q (reporting date: 2013-11-24), 10-Q (reporting date: 2013-08-25).


The financial data reveals several noteworthy trends and fluctuations across the reported periods. The analysis below highlights key movements within liabilities, equity, and related financial components.

Accounts Payable
Accounts payable exhibited a general upward trajectory from August 2013 through November 2019, increasing from approximately 1.43 billion to about 3.06 billion US dollars. There were periodic quarters with slight decreases, but the overall pattern was growth, indicating increasing short-term obligations to suppliers or creditors.
Current Portion of Long-Term Debt
This category showed significant volatility, initially rising sharply from 748 million in August 2013 to over 1.2 billion by early 2014, before fluctuating between roughly 600 million and 1.6 billion throughout the subsequent periods. Notably, there was a peak at 1.6 billion around August 2018, followed by a slight decline in late 2019, signaling variable short-term debt repayment obligations.
Notes Payable
Notes payable also displayed considerable fluctuation, with a high near 2.0 billion in February 2017 and a low around 269 million in mid-2016. The values moved unpredictably, reflecting shifts in short-term borrowing strategies or restructuring of obligations.
Other Current Liabilities
This item remained relatively stable, mostly fluctuating between 1.3 billion and 1.8 billion, with a minor declining trend in the last reported years, suggesting modest decreases in miscellaneous current liabilities.
Current Liabilities
Current liabilities showed significant variability, peaking near 7.34 billion in May 2018. There were periods of decline, such as in May 2015, where it dropped below 5 billion. The overall trend suggests increasing short-term financial obligations over time.
Long-Term Debt, Excluding Current Portion
Long-term debt remained generally elevated around the 6.5 to 7.8 billion range until early 2018. There was a pronounced jump to nearly 12.7 billion around May 2018, after which it gradually declined to approximately 10.95 billion by late 2019. This indicates a significant increase in long-term borrowings followed by subsequent repayments or adjustments.
Deferred Income Taxes
Deferred income taxes fluctuated moderately, mostly between 1.3 billion and 2.0 billion, with a slight upward movement observed toward the end of the period, peaking just above 2.0 billion.
Other Liabilities
Other liabilities remained relatively consistent, generally around 1.3 to 2.0 billion, with some decreases in the later periods, suggesting stable non-current obligations outside of debt-related liabilities.
Noncurrent Liabilities
Noncurrent liabilities showed notable increases, especially around mid-2018 where it surged to over 16 billion from approximately 9.9 billion in earlier periods, then remained elevated near 14.5 to 16 billion. This trend reflects substantial growth in long-term obligations and possibly new financing activities.
Total Liabilities
Total liabilities experienced overall growth, rising from about 14.65 billion in 2013 to a peak of 23.35 billion in May 2018, then slightly declining but staying above 21.8 billion towards November 2019. The increase is primarily driven by spikes in long-term debt and current liabilities.
Redeemable Interest
Redeemable interest gradually decreased from roughly 995 million in 2013 to about 545 million by late 2019, indicating a reduction in obligations related to redeemable financial instruments.
Common Stock and Additional Paid-in Capital
The common stock par value remained constant throughout the period, reflecting no new issuances or changes in share structure at par value. Additional paid-in capital fluctuated mildly around 1.1 to 1.4 billion, with some decreases in the mid-to-later years, potentially indicating share repurchases or capital adjustments.
Retained Earnings
Retained earnings steadily increased from about 11.16 billion in August 2013 to approximately 15.5 billion by late 2019, suggesting consistent profitability and accumulation of earnings over time.
Common Stock in Treasury, at Cost
Treasury stock showed a marked increase in negative balance (indicating more shares repurchased) rising from approximately -3.9 billion to nearly -8.2 billion by late 2017, before slightly decreasing in magnitude towards 2019. This reflects significant buyback activities during the period.
Accumulated Other Comprehensive Loss
The accumulated other comprehensive loss fluctuated between approximately -1.3 billion and -2.6 billion, with no clear directional trend, indicating ongoing unrealized losses or adjustments in comprehensive income components.
Stockholders’ Equity
Equity declined from over 6.8 billion in 2013 to a low near 4.2 billion in late 2016 and early 2017, possibly due to repurchases and comprehensive losses, then gradually increased to about 7.7 billion by November 2019, reflecting recovery and accumulation from retained earnings and other equity items.
Noncontrolling Interests
Noncontrolling interests remained comparatively stable around 300 to 470 million, with slight decreases towards the end of the timeline, suggesting reduced minority interests.
Total Equity
Total equity followed a similar pattern to stockholders' equity, dipping around late 2016 to approximately 4.5 billion and rising consistently thereafter to about 8.0 billion, indicating improved overall net worth after a period of decline.
Total Liabilities and Equity
This metric remained relatively stable around 22.9 to 23.4 billion up to early 2018, followed by a significant jump to over 30.6 billion in May 2018, maintaining close values thereafter. This increase corresponds with elevated long-term liabilities and equity increases, indicating growth in overall capital structure and financing scale.

In summary, the financial data suggests that liabilities, especially long-term debt and current liabilities, experienced significant expansion around 2018, followed by some normalization. Equity components showed resilience with a dip around 2016-2017 and subsequent recovery, while retained earnings steadily grew, reflecting ongoing profitability. Repurchase of treasury stock was substantial, impacting equity levels during the period. The overall financial structure indicates an increase in financing activities and expansion in company obligations over time.