Selected Financial Data
since 2005
Income Statement
General Mills Inc., selected items from income statement, long-term trends
US$ in thousands
| 12 months ended: | Net sales | Operating profit | Net earnings attributable to General Mills |
|---|---|---|---|
| May 26, 2019 | 16,865,200) | 2,515,900) | 1,752,700) |
| May 27, 2018 | 15,740,400) | 2,509,300) | 2,131,000) |
| May 28, 2017 | 15,619,800) | 2,566,400) | 1,657,500) |
| May 29, 2016 | 16,563,100) | 2,707,400) | 1,697,400) |
| May 31, 2015 | 17,630,300) | 2,077,300) | 1,221,300) |
| May 25, 2014 | 17,909,600) | 2,957,400) | 1,824,400) |
| May 26, 2013 | 17,774,100) | 2,851,800) | 1,855,200) |
| May 27, 2012 | 16,657,900) | 2,562,400) | 1,567,300) |
| May 29, 2011 | 14,880,200) | 2,774,500) | 1,798,300) |
| May 30, 2010 | 14,796,500) | 2,606,100) | 1,530,500) |
| May 31, 2009 | 14,691,300) | 2,322,900) | 1,304,400) |
| May 25, 2008 | 13,652,100) | 2,227,800) | 1,294,700) |
| May 27, 2007 | 12,441,500) | 2,057,800) | 1,143,900) |
| May 28, 2006 | 11,640,000) | 1,966,000) | 1,090,000) |
| May 29, 2005 | 11,244,000) | 2,270,000) | 1,240,000) |
Based on: 10-K (reporting date: 2019-05-26), 10-K (reporting date: 2018-05-27), 10-K (reporting date: 2017-05-28), 10-K (reporting date: 2016-05-29), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-25), 10-K (reporting date: 2013-05-26), 10-K (reporting date: 2012-05-27), 10-K (reporting date: 2011-05-29), 10-K (reporting date: 2010-05-30), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-25), 10-K (reporting date: 2007-05-27), 10-K (reporting date: 2006-05-28), 10-K (reporting date: 2005-05-29).
- Net Sales:
- The data shows a generally increasing trend in net sales over the years, with a notable peak in 2013, followed by a slight decline in the last few years.
- Operating Profit:
- Operating profit fluctuated over the years, with peaks in 2010 and 2013, but a significant drop in 2014. There was a recovery in 2018 and 2019.
- Net Earnings Attributable to General Mills:
- Net earnings followed a pattern similar to operating profit, with a notable increase in 2013, followed by fluctuations in subsequent years, and a strong performance in 2017 and 2019.
Balance Sheet: Assets
General Mills Inc., selected items from assets, long-term trends
US$ in thousands
| Current assets | Total assets | |
|---|---|---|
| May 26, 2019 | 4,186,500) | 30,111,200) |
| May 27, 2018 | 4,123,700) | 30,624,000) |
| May 28, 2017 | 4,061,400) | 21,812,600) |
| May 29, 2016 | 3,937,200) | 21,712,300) |
| May 31, 2015 | 3,785,700) | 21,964,500) |
| May 25, 2014 | 4,393,500) | 23,145,700) |
| May 26, 2013 | 4,298,900) | 22,658,000) |
| May 27, 2012 | 3,691,400) | 21,096,800) |
| May 29, 2011 | 3,902,000) | 18,674,500) |
| May 30, 2010 | 3,480,000) | 17,678,900) |
| May 31, 2009 | 3,534,900) | 17,874,800) |
| May 25, 2008 | 3,620,000) | 19,041,600) |
| May 27, 2007 | 3,053,700) | 18,183,700) |
| May 28, 2006 | 3,176,000) | 18,207,000) |
| May 29, 2005 | 3,055,000) | 18,066,000) |
Based on: 10-K (reporting date: 2019-05-26), 10-K (reporting date: 2018-05-27), 10-K (reporting date: 2017-05-28), 10-K (reporting date: 2016-05-29), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-25), 10-K (reporting date: 2013-05-26), 10-K (reporting date: 2012-05-27), 10-K (reporting date: 2011-05-29), 10-K (reporting date: 2010-05-30), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-25), 10-K (reporting date: 2007-05-27), 10-K (reporting date: 2006-05-28), 10-K (reporting date: 2005-05-29).
- Current Assets:
- The trend in current assets shows an increasing pattern from 2005 to 2013, with a notable peak in 2013. However, a slight decline is witnessed in the subsequent years.
- Total Assets:
- Total assets exhibited a generally rising trend from 2005 to 2014, with a significant spike in 2018, followed by a decline in 2019.
Balance Sheet: Liabilities and Stockholders’ Equity
General Mills Inc., selected items from liabilities and stockholders’ equity, long-term trends
US$ in thousands
| Current liabilities | Total liabilities | Notes payable and long-term debt | Stockholders’ equity | |
|---|---|---|---|---|
| May 26, 2019 | 7,087,100) | 22,191,800) | 14,490,000) | 7,054,500) |
| May 27, 2018 | 7,341,900) | 23,355,400) | 15,818,600) | 6,141,100) |
| May 28, 2017 | 5,330,800) | 16,216,200) | 9,481,700) | 4,327,900) |
| May 29, 2016 | 5,014,700) | 15,559,600) | 8,430,900) | 4,930,200) |
| May 31, 2015 | 4,890,100) | 15,792,900) | 9,223,900) | 4,996,700) |
| May 25, 2014 | 5,423,500) | 15,156,200) | 8,785,800) | 6,534,800) |
| May 26, 2013 | 5,293,900) | 14,562,000) | 7,969,100) | 6,672,200) |
| May 27, 2012 | 3,843,200) | 13,366,300) | 7,429,600) | 6,421,700) |
| May 29, 2011 | 3,659,200) | 12,062,300) | 6,885,100) | 6,365,500) |
| May 30, 2010 | 3,769,100) | 12,030,900) | 6,425,900) | 5,402,900) |
| May 31, 2009 | 3,606,000) | 12,457,800) | 7,075,500) | 5,174,700) |
| May 25, 2008 | 4,856,300) | 12,583,500) | 6,999,500) | 6,215,800) |
| May 27, 2007 | 5,845,100) | 11,725,800) | 6,206,100) | 5,319,100) |
| May 28, 2006 | 6,138,000) | 11,299,000) | 6,049,000) | 5,772,000) |
| May 29, 2005 | 4,184,000) | 11,257,000) | 6,192,000) | 5,676,000) |
Based on: 10-K (reporting date: 2019-05-26), 10-K (reporting date: 2018-05-27), 10-K (reporting date: 2017-05-28), 10-K (reporting date: 2016-05-29), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-25), 10-K (reporting date: 2013-05-26), 10-K (reporting date: 2012-05-27), 10-K (reporting date: 2011-05-29), 10-K (reporting date: 2010-05-30), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-25), 10-K (reporting date: 2007-05-27), 10-K (reporting date: 2006-05-28), 10-K (reporting date: 2005-05-29).
- Current Liabilities:
- The trend of current liabilities for General Mills Inc. shows a fluctuating pattern over the years, with an increase from 2005 to 2006, a decrease until 2009, and a subsequent rise. The peak was observed in 2013 followed by a slight decline.
- Total Liabilities:
- Total liabilities exhibited a generally increasing trend, with fluctuations. The highest point was reached in 2019, showing a consistent rise since 2005, indicating an increase in the company's overall obligations.
- Notes Payable and Long-Term Debt:
- Notes payable and long-term debt showcased a similar increasing trend to total liabilities, with ups and downs. There was a significant surge between 2014 and 2019, suggesting an uptrend in long-term borrowing and debt.
- Stockholders’ Equity:
- Stockholders’ equity depicted fluctuations, notably declining from 2007 to 2014 before showing a recovery in the subsequent years. The increase in equity from 2014 to 2019 could imply improved financial health.
Cash Flow Statement
General Mills Inc., selected items from cash flow statement, long-term trends
US$ in thousands
| 12 months ended: | Net cash provided by operating activities | Net cash (used) provided by investing activities | Net cash provided (used) by financing activities |
|---|---|---|---|
| May 26, 2019 | 2,807,000) | (556,500) | (2,176,400) |
| May 27, 2018 | 2,841,000) | (8,685,400) | 5,445,500) |
| May 28, 2017 | 2,313,300) | (646,900) | (1,645,500) |
| May 29, 2016 | 2,629,800) | 93,400) | (2,285,600) |
| May 31, 2015 | 2,542,800) | (1,602,200) | (1,384,800) |
| May 25, 2014 | 2,541,000) | (561,800) | (1,824,100) |
| May 26, 2013 | 2,926,000) | (1,515,400) | (1,140,200) |
| May 27, 2012 | 2,407,200) | (1,870,800) | (666,600) |
| May 29, 2011 | 1,526,800) | (715,100) | (936,600) |
| May 30, 2010 | 2,181,200) | (721,200) | (1,503,800) |
| May 31, 2009 | 1,828,200) | (288,900) | (1,404,500) |
| May 25, 2008 | 1,729,900) | (442,400) | (1,093,000) |
| May 27, 2007 | 1,751,200) | (597,100) | (1,398,100) |
| May 28, 2006 | 1,771,000) | (292,000) | (1,405,000) |
| May 29, 2005 | 1,711,000) | 496,000) | (2,385,000) |
Based on: 10-K (reporting date: 2019-05-26), 10-K (reporting date: 2018-05-27), 10-K (reporting date: 2017-05-28), 10-K (reporting date: 2016-05-29), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-25), 10-K (reporting date: 2013-05-26), 10-K (reporting date: 2012-05-27), 10-K (reporting date: 2011-05-29), 10-K (reporting date: 2010-05-30), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-25), 10-K (reporting date: 2007-05-27), 10-K (reporting date: 2006-05-28), 10-K (reporting date: 2005-05-29).
- Net cash provided by operating activities
- The trend in net cash provided by operating activities for General Mills Inc. shows a steady increase from 2005 to 2010, followed by fluctuations in subsequent years with a peak in 2013. There was a slight decline in 2014, followed by a gradual increase until 2018 and a slight drop in 2019.
- Net cash (used) provided by investing activities
- The pattern in net cash from investing activities indicates fluctuations with both positive and negative values over the years. There was a significant negative spike in 2018, possibly due to large investment outflows. The company experienced varying levels of cash usage in investing activities throughout the period.
- Net cash provided (used) by financing activities
- Net cash from financing activities has been negative for most years, indicating more cash used than provided. There was a notable positive peak in 2018, suggesting a significant increase in cash provided by financing activities, although this was followed by a sharp decline in 2019.
Per Share Data
General Mills Inc., selected data per share, long-term trends
US$
| 12 months ended: | Basic earnings per share 1 | Diluted earnings per share 2 | Dividend per share 3 |
|---|---|---|---|
| May 26, 2019 | 2.92 | 2.90 | 1.96 |
| May 27, 2018 | 3.69 | 3.64 | 1.96 |
| May 28, 2017 | 2.82 | 2.77 | 1.92 |
| May 29, 2016 | 2.83 | 2.77 | 1.78 |
| May 31, 2015 | 2.02 | 1.97 | 1.67 |
| May 25, 2014 | 2.90 | 2.83 | 1.55 |
| May 26, 2013 | 2.86 | 2.79 | 1.32 |
| May 27, 2012 | 2.42 | 2.35 | 1.22 |
| May 29, 2011 | 2.80 | 2.70 | 1.12 |
| May 30, 2010 | 2.32 | 2.24 | 0.96 |
| May 31, 2009 | 1.96 | 1.90 | 0.86 |
| May 25, 2008 | 1.93 | 1.85 | 0.78 |
| May 27, 2007 | 1.65 | 1.59 | 0.72 |
| May 28, 2006 | 1.53 | 1.45 | 0.67 |
| May 29, 2005 | 1.67 | 1.54 | 0.62 |
Based on: 10-K (reporting date: 2019-05-26), 10-K (reporting date: 2018-05-27), 10-K (reporting date: 2017-05-28), 10-K (reporting date: 2016-05-29), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-25), 10-K (reporting date: 2013-05-26), 10-K (reporting date: 2012-05-27), 10-K (reporting date: 2011-05-29), 10-K (reporting date: 2010-05-30), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-25), 10-K (reporting date: 2007-05-27), 10-K (reporting date: 2006-05-28), 10-K (reporting date: 2005-05-29).
1, 2, 3 Data adjusted for splits and stock dividends.
- Basic Earnings per Share:
- The basic earnings per share for General Mills Inc. has shown a fluctuating pattern over the years, with a slight increase initially up to 2008, followed by a dip in 2009 and 2014, and a notable increase in 2010 and 2018.
- Diluted Earnings per Share:
- Similarly, the diluted earnings per share displayed a fluctuating trend, with peaks in 2010 and 2018, while experiencing lower values in 2009 and 2014.
- Dividend per Share:
- The dividend per share has exhibited a consistent upward trajectory, gradually increasing from 2005 to 2019, indicating a positive dividend distribution policy by the company.