General Mills's Income Statement Analysis: Revenue to Profit Breakdown
General Mills's Income Statement Analysis: Revenue to Profit Breakdown
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FY21
May 31, 2021
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FY22
May 31, 2022
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FY23
May 31, 2023
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FY24
May 31, 2024
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FY25
May 31, 2025
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TTM
Trailing 12M
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Revenue
Total sales generated. |
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$18.13 B | $18.99 B | $20.09 B | $19.86 B | $19.49 B | $18.37 B |
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Cost of Revenue Direct cost of goods/services. |
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$11.68 B | $12.59 B | $13.55 B | $12.93 B | $12.76 B | $12.31 B |
Gross Profit Revenue minus cost of revenue. |
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$6.45 B | $6.40 B | $6.55 B | $6.93 B | $6.73 B | $6.06 B |
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Operating Expense
Costs to run business. |
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$3.30 B | $2.93 B | $3.11 B | $3.50 B | $3.45 B | $2.55 B |
Research and Development Investment in innovation. |
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- | - | - | - | - | - |
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Sales, General and Administrative
Selling and admin costs. |
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$2.95 B | $3.03 B | $3.41 B | $3.18 B | $3.38 B | $3.39 B |
General and Administrative Corporate overhead costs. |
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$2.21 B | $2.34 B | $2.60 B | $2.36 B | $2.53 B | - |
Sales and Marketing Customer acquisition costs. |
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$736.30 M | $690.10 M | $810.00 M | $824.60 M | $847.50 M | - |
Other Expenses Other operating costs. |
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$356.80 M | -$107.20 M | -$293.70 M | $317.40 M | $68.30 M | -$840.30 M |
Operating Income Profit from operations. |
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$3.14 B | $3.48 B | $3.43 B | $3.43 B | $3.30 B | $3.50 B |
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Net Interest Income
Interest income minus expense. |
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-$410.60 M | -$372.80 M | -$379.40 M | -$484.30 M | -$524.70 M | -$525.90 M |
Interest Income Income from investments. |
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$7.40 M | $3.80 M | $14.00 M | $18.80 M | $24.60 M | - |
Interest Expense Cost of borrowing. |
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$418.00 M | $376.60 M | $393.40 M | $503.10 M | $549.30 M | $525.90 M |
Non-Operating Income (ex-Int) Income outside core operations. |
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-$140.30 M | -$117.20 M | -$102.80 M | -$94.60 M | -$84.60 M | $865.80 M |
Total Other Income (Net) Net non-operating items. |
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-$169.70 M | -$154.50 M | -$212.00 M | -$318.60 M | -$407.10 M | -$493.80 M |
Income Before Tax Profit before taxes. |
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$2.98 B | $3.32 B | $3.22 B | $3.11 B | $2.89 B | $3.01 B |
Income Tax Expense Taxes on income. |
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$629.10 M | $586.30 M | $612.20 M | $594.50 M | $573.70 M | $784.70 M |
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Net Income
Final profit. |
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$2.34 B | $2.71 B | $2.59 B | $2.50 B | $2.28 B | $2.21 B |
Net Income From Continuing Operations Profit from core business. |
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$2.35 B | $2.74 B | $2.61 B | $2.52 B | $2.32 B | $2.22 B |
Net Income From Discontinued Operations Profit/loss from sold units. |
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- | - | - | - | - | - |
Other Adjustments to Net Income Additional accounting adjustments. |
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- | - | - | - | -$10.50 M | - |
Net Income Deductions Reductions from net income. |
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- | - | - | - | - | - |
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Earnings Per Share
Company profit allocated to each outstanding share. |
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EPS Earnings per share. Formula: Net Income ÷ Shares |
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$3.81 | $4.46 | $4.36 | $4.34 | $4.12 | $4.09 |
Diluted EPS EPS including dilution. Formula: Net Income ÷ Diluted Shares |
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$3.78 | $4.42 | $4.31 | $4.31 | $4.10 | $4.08 |
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Shares for EPS
Number of shares used to calculate EPS. |
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Weighted Average Shares Outst. Avg shares used for EPS. |
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614.10 M | 607.50 M | 594.80 M | 575.50 M | 554.50 M | 541.30 M |
Diluted Average Shares Outst. Shares including dilution. |
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619.10 M | 612.60 M | 601.20 M | 579.50 M | 557.50 M | 542.50 M |
| Supplemental Items | |||||||
EBIT Earnings before interest and tax. |
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$3.29 B | $3.59 B | $3.54 B | $3.53 B | $3.38 B | $2.64 B |
EBITDA Earnings before interest, tax, D&A. |
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$3.89 B | $4.16 B | $4.08 B | $4.08 B | $3.92 B | $3.05 B |
Depreciation and Amortization Non-cash expense for assets. |
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$601.30 M | $570.30 M | $546.60 M | $552.70 M | $539.00 M | $412.30 M |
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General Mills's Assets vs Liabilities & Equity
General Mills's Assets vs Liabilities & Equity
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