General Mills Inc. (GIS)

Statement of Cash Flows

Difficulty: Beginner

The cash flow statement provides information about a company’s cash receipts and cash payments during an accounting period, showing how these cash flaws link the ending cash balance to the beginning balance shown on the company’s statement of financial position.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

General Mills Inc., Consolidated Statement of Cash Flows

USD $ in thousands

	12 months ended	May 27, 2018		May 28, 2017		May 29, 2016		May 31, 2015		May 25, 2014		May 26, 2013
	Net earnings, including earnings attributable to redeemable and noncontrolling interests
	Depreciation and amortization
	After-tax earnings from joint ventures
	Distributions of earnings from joint ventures
	Stock-based compensation
	Deferred income taxes
	Tax benefit on exercised options
	Pension and other postretirement benefit plan contributions
	Pension and other postretirement benefit plan costs
	Divestitures (gain) loss
	Restructuring, impairment, and other exit costs
	Receivables
	Inventories
	Prepaid expenses and other current assets
	Accounts payable
	Other current liabilities
	Changes in current assets and liabilities, excluding the effects of acquisitions and divestitures
	Other, net
	Adjustments to reconcile net earnings to net cash provided by operating activities
	Net cash provided by operating activities
	Purchases of land, buildings, and equipment
	Acquisitions, net of cash acquired
	Investments in affiliates, net
	Proceeds from disposal of land, buildings, and equipment
	Proceeds from divestitures
	Exchangeable note
	Other, net
	Net cash (used) provided by investing activities
	Change in notes payable
	Issuance of long-term debt
	Payment of long-term debt
	Proceeds from common stock issued on exercised options
	Proceeds from common stock issued
	Tax benefit on exercised options
	Purchases of common stock for treasury
	Dividends paid
	Addition of noncontrolling interest
	Distributions to noncontrolling and redeemable interest holders
	Other, net
	Net cash provided (used) by financing activities
	Effect of exchange rate changes on cash and cash equivalents
	Increase (decrease) in cash and cash equivalents
	Cash and cash equivalents, beginning of year
	Cash and cash equivalents, end of year

Based on: 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), 10-K (filing date: 2013-07-03).

Item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	General Mills Inc.’s net cash provided by operating activities declined from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.
Net cash (used) provided by investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	General Mills Inc.’s net cash (used) provided by investing activities declined from 2016 to 2017 and from 2017 to 2018.
Net cash provided (used) by financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	General Mills Inc.’s net cash provided (used) by financing activities increased from 2016 to 2017 and from 2017 to 2018.

	General Mills Inc.	Other companies (not purchased previously)
Financial Statements
Common-Size Financial Statements
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Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality

	All companies
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality