General Historical Income Statement

GIS Stock

USD 66.26 0.03 0.05%

Historical analysis of General Mills income statement accounts such as Selling General Administrative of 2.7 B or Total Revenue of 12.4 B can show how well General Mills performed in making a profits. Evaluating General Mills income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of General Mills's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining General Mills latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether General Mills is a good buy for the upcoming year.

Net Income Gross Profit

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in General Mills. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy General Stock please use our How to Invest in General Mills guide.

About General Income Statement Analysis

General Mills Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to General Mills shareholders. The income statement also shows General investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

General Mills Income Statement Chart

At this time, General Mills' Interest Expense is comparatively stable compared to the past year. Selling General Administrative is likely to gain to about 2.7 B in 2024, whereas Total Revenue is likely to drop slightly above 12.4 B in 2024.

Selling General Administrative Total Revenue Gross Profit Other Operating Expenses Cost Of Revenue

Total Revenue

Total revenue comprises all receipts General Mills generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of General Mills minus its cost of goods sold. It is profit before General Mills operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of General Mills. It is also known as General Mills overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Cost Of Revenue

Cost of Revenue is found on General Mills income statement and represents the costs associated with goods and services General Mills provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Most accounts from General Mills' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into General Mills current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in General Mills. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy General Stock please use our How to Invest in General Mills guide.At this time, General Mills' Interest Expense is comparatively stable compared to the past year. Selling General Administrative is likely to gain to about 2.7 B in 2024, whereas Total Revenue is likely to drop slightly above 12.4 B in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	383.4M	396.1M	498M	522.9M
Depreciation And Amortization	570.3M	546.6M	552.7M	408.0M

Interest Expense Depreciation And Amortization

General Mills income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Research Development	Net Income From Continuing Ops	Non Recurring	Non Operating Income Net Other	Minority Interest	Tax Provision	Net Interest Income	Interest Income	Reconciled Depreciation	Selling And Marketing Expenses	Extraordinary Items
Depreciation And Amortization		0.64	0.55	0.88	0.88	0.87	0.83	0.88	0.91	0.87	0.73	0.76	-0.18	0.55	0.43	0.84	0.21	0.26	-0.16	0.17	-0.16	-0.13	-0.08	0.25	0.0	-0.13
Interest Expense	0.64		0.17	0.65	0.69	0.64	0.64	0.67	0.68	0.63	0.66	0.58	-0.5	0.8	0.11	0.75	0.51	0.07	-0.48	-0.01	-0.23	-0.78	0.19	-0.39	0.55	-0.69
Selling General Administrative	0.55	0.17		0.52	0.58	0.53	0.38	0.4	0.43	0.48	0.63	0.35	0.13	0.13	0.78	0.61	-0.3	0.16	-0.06	0.16	0.32	0.41	-0.16	0.05	-0.29	0.37
Total Revenue	0.88	0.65	0.52		0.99	1.0	0.92	0.97	0.98	1.0	0.91	0.92	-0.18	0.69	0.57	0.95	0.46	0.12	-0.21	0.16	0.03	-0.17	0.17	0.02	0.32	-0.33
Gross Profit	0.88	0.69	0.58	0.99		0.98	0.93	0.95	0.95	0.97	0.94	0.91	-0.19	0.72	0.62	0.97	0.44	0.07	-0.19	0.14	0.07	-0.19	0.17	-0.04	0.32	-0.31
Other Operating Expenses	0.87	0.64	0.53	1.0	0.98		0.9	0.97	0.97	1.0	0.91	0.91	-0.17	0.68	0.58	0.94	0.44	0.13	-0.22	0.16	0.04	-0.15	0.18	0.01	0.31	-0.31
Operating Income	0.83	0.64	0.38	0.92	0.93	0.9		0.9	0.9	0.9	0.82	0.95	-0.14	0.76	0.55	0.87	0.59	-0.12	-0.11	-0.02	0.04	-0.23	0.08	0.01	0.33	-0.38
Ebit	0.88	0.67	0.4	0.97	0.95	0.97	0.9		1.0	0.98	0.83	0.9	-0.28	0.71	0.46	0.91	0.49	0.22	-0.25	0.2	-0.03	-0.23	0.13	0.02	0.34	-0.39
Ebitda	0.91	0.68	0.43	0.98	0.95	0.97	0.9	1.0		0.98	0.83	0.89	-0.27	0.69	0.46	0.91	0.46	0.23	-0.24	0.19	-0.05	-0.22	0.1	0.06	0.29	-0.35
Cost Of Revenue	0.87	0.63	0.48	1.0	0.97	1.0	0.9	0.98	0.98		0.88	0.92	-0.17	0.67	0.54	0.92	0.46	0.14	-0.21	0.16	0.02	-0.16	0.16	0.05	0.31	-0.33
Total Operating Expenses	0.73	0.66	0.63	0.91	0.94	0.91	0.82	0.83	0.83	0.88		0.8	-0.2	0.65	0.66	0.94	0.36	0.02	-0.3	0.08	0.16	-0.17	0.37	-0.19	0.37	-0.25
Income Before Tax	0.76	0.58	0.35	0.92	0.91	0.91	0.95	0.9	0.89	0.92	0.8		-0.02	0.8	0.56	0.87	0.69	-0.2	-0.1	-0.05	0.11	-0.19	0.17	-0.08	0.46	-0.44
Total Other Income Expense Net	-0.18	-0.5	0.13	-0.18	-0.19	-0.17	-0.14	-0.28	-0.27	-0.17	-0.2	-0.02		-0.26	0.19	-0.21	-0.12	-0.53	0.28	-0.5	0.1	0.51	-0.07	0.3	-0.37	0.43
Net Income	0.55	0.8	0.13	0.69	0.72	0.68	0.76	0.71	0.69	0.67	0.65	0.8	-0.26		0.21	0.77	0.85	-0.27	-0.32	-0.16	-0.08	-0.56	0.26	-0.54	0.71	-0.69
Income Tax Expense	0.43	0.11	0.78	0.57	0.62	0.58	0.55	0.46	0.46	0.54	0.66	0.56	0.19	0.21		0.59	-0.01	-0.09	0.1	0.11	0.72	0.33	-0.08	-0.02	0.03	0.09
Research Development	0.84	0.75	0.61	0.95	0.97	0.94	0.87	0.91	0.91	0.92	0.94	0.87	-0.21	0.77	0.59		0.44	0.07	-0.3	0.09	0.04	-0.22	0.21	-0.18	0.36	-0.32
Net Income From Continuing Ops	0.21	0.51	-0.3	0.46	0.44	0.44	0.59	0.49	0.46	0.46	0.36	0.69	-0.12	0.85	-0.01	0.44		-0.48	-0.13	-0.26	-0.08	-0.53	0.32	-0.47	0.8	-0.76
Non Recurring	0.26	0.07	0.16	0.12	0.07	0.13	-0.12	0.22	0.23	0.14	0.02	-0.2	-0.53	-0.27	-0.09	0.07	-0.48		-0.13	0.75	-0.11	0.08	-0.14	0.3	-0.29	0.18
Non Operating Income Net Other	-0.16	-0.48	-0.06	-0.21	-0.19	-0.22	-0.11	-0.25	-0.24	-0.21	-0.3	-0.1	0.28	-0.32	0.1	-0.3	-0.13	-0.13		0.4	0.2	0.41	-0.3	0.43	-0.22	0.25
Minority Interest	0.17	-0.01	0.16	0.16	0.14	0.16	-0.02	0.2	0.19	0.16	0.08	-0.05	-0.5	-0.16	0.11	0.09	-0.26	0.75	0.4		0.13	0.13	-0.14	0.21	-0.06	0.06
Tax Provision	-0.16	-0.23	0.32	0.03	0.07	0.04	0.04	-0.03	-0.05	0.02	0.16	0.11	0.1	-0.08	0.72	0.04	-0.08	-0.11	0.2	0.13		0.3	-0.07	-0.25	0.17	0.0
Net Interest Income	-0.13	-0.78	0.41	-0.17	-0.19	-0.15	-0.23	-0.23	-0.22	-0.16	-0.17	-0.19	0.51	-0.56	0.33	-0.22	-0.53	0.08	0.41	0.13	0.3		-0.2	0.47	-0.66	0.87
Interest Income	-0.08	0.19	-0.16	0.17	0.17	0.18	0.08	0.13	0.1	0.16	0.37	0.17	-0.07	0.26	-0.08	0.21	0.32	-0.14	-0.3	-0.14	-0.07	-0.2		-0.39	0.55	-0.14
Reconciled Depreciation	0.25	-0.39	0.05	0.02	-0.04	0.01	0.01	0.02	0.06	0.05	-0.19	-0.08	0.3	-0.54	-0.02	-0.18	-0.47	0.3	0.43	0.21	-0.25	0.47	-0.39		-0.75	0.54
Selling And Marketing Expenses	0.0	0.55	-0.29	0.32	0.32	0.31	0.33	0.34	0.29	0.31	0.37	0.46	-0.37	0.71	0.03	0.36	0.8	-0.29	-0.22	-0.06	0.17	-0.66	0.55	-0.75		-0.84
Extraordinary Items	-0.13	-0.69	0.37	-0.33	-0.31	-0.31	-0.38	-0.39	-0.35	-0.33	-0.25	-0.44	0.43	-0.69	0.09	-0.32	-0.76	0.18	0.25	0.06	0.0	0.87	-0.14	0.54	-0.84

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General Mills Account Relationship Matchups

General Mills income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	643.5M	601.3M	570.3M	546.6M	552.7M	408.0M
Interest Expense	472.5M	427.7M	383.4M	396.1M	498M	522.9M
Selling General Administrative	2.5B	2.3B	2.5B	2.7B	2.2B	2.7B
Total Revenue	17.6B	18.1B	19.0B	20.1B	19.9B	12.4B
Gross Profit	6.1B	6.4B	6.4B	6.5B	7.0B	4.9B
Other Operating Expenses	14.6B	14.8B	15.7B	17.0B	16.4B	10.4B
Operating Income	3.0B	3.1B	3.5B	2.7B	3.4B	1.9B
Ebit	3.0B	3.3B	3.6B	3.5B	3.5B	2.0B
Ebitda	3.6B	3.9B	4.2B	4.1B	4.1B	2.4B
Cost Of Revenue	11.5B	11.7B	12.6B	13.5B	12.9B	7.5B
Total Operating Expenses	3.2B	3.1B	3.1B	3.5B	4.0B	3.0B
Income Before Tax	2.6B	2.9B	3.2B	3.1B	3.0B	1.6B
Total Other Income Expense Net	(353.7M)	(287.4M)	(266.2M)	(6.8M)	(403.4M)	(383.2M)
Net Income	2.2B	2.3B	2.7B	2.6B	2.5B	2.6B
Income Tax Expense	480.5M	629.1M	586.3M	612.2M	594.5M	440.7M
Research Development	224.4M	239.3M	243.1M	257.6M	257.8M	222.5M
Net Income Applicable To Common Shares	2.2B	2.3B	2.7B	2.6B	3.0B	1.7B
Net Income From Continuing Ops	2.1B	2.3B	2.7B	2.5B	2.5B	2.1B
Non Recurring	275.1M	24.4M	170.4M	56.2M	64.6M	61.4M
Non Operating Income Net Other	72M	91.1M	117.7M	81.3M	73.2M	72.6M
Minority Interest	29.6M	907.7M	(27.7M)	15.7M	(22M)	(20.9M)
Tax Provision	480.5M	629.1M	586.3M	612.2M	594.5M	585.7M
Net Interest Income	(466.5M)	(420.3M)	(379.6M)	(382.1M)	(479.2M)	(503.2M)
Interest Income	6M	7.4M	3.8M	14M	18.8M	10.1M
Reconciled Depreciation	594.7M	601.3M	570.3M	546.6M	552.7M	470.8M
Selling And Marketing Expenses	691.8M	736.3M	690.1M	810M	824.6M	774.8M

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General Historical Income Statement

About General Income Statement Analysis

General Mills Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Cost Of Revenue

General Mills income statement Correlations

General Mills Account Relationship Matchups

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General Mills income statement Accounts

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COMMON DESTINATIONS

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Other Operating Expenses	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Other Operating Expenses
Ebitda	+ 1.0	Ebit
Gross Profit	+ 0.99	Total Revenue
Ebitda	+ 0.98	Total Revenue

Extraordinary Items	- 0.84	Selling And Marketing Expenses
Net Interest Income	- 0.78	Interest Expense
Extraordinary Items	- 0.76	Net Income From Continuing Ops
Selling And Marketing Expenses	- 0.75	Reconciled Depreciation
Extraordinary Items	- 0.69	Net Income
Extraordinary Items	- 0.69	Interest Expense