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General Mills Inc

Consumer Defensive US GIS


Last update at 2024-07-11T14:50:00Z

Day Range


52 Week Range



  • Previous Close 62.66
  • Market Cap38777.12M
  • Volume804075
  • P/E Ratio16.27
  • Dividend Yield3.56%
  • EBITDA3967.00M
  • Revenue TTM20281.30M
  • Revenue Per Share TTM34.30
  • Gross Profit TTM 6545.80M
  • Diluted EPS TTM4.10


Income Statement


Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-05-31 2022-05-31 2021-05-31 2020-05-31 2019-05-31
Type yearly yearly yearly yearly yearly
Date 2023-05-31 2022-05-31 2021-05-31 2020-05-31 2019-05-31
Income before tax 3140.50M 3209.60M 2857.40M 2600.20M 2082.00M
Minority interest 15.70M -27.70000M 907.70M 29.60M 33.50M
Net income 2593.90M 2707.30M 2339.80M 2181.20M 1752.70M
Selling general administrative 3500.40M 3147.00M 3079.60M 3151.60M 2918.90M
Selling and marketing expenses - - - - -
Gross profit 6545.80M 6402.20M 6448.30M 6129.90M 5756.80M
Reconciled depreciation 546.60M 570.30M 601.30M 594.70M 620.10M
Ebit 2657.00M 3475.80M 3144.80M 2953.90M 3126.10M
Ebitda 3203.60M 3604.90M 4193.90M 3597.40M 3746.20M
Depreciation and amortization 546.60M 129.10M 1049.10M 643.50M 620.10M
Non operating income net other 81.30M - 117.70M 91.10M 72.00M
Operating income 2657.00M 3475.80M 3144.80M 2953.90M 2515.90M
Other operating expenses 17048.80M 15737.60M 14758.30M 14648.30M 14044.20M
Interest expense 396.10M 383.40M 427.70M 472.50M 527.40M
Tax provision 612.20M 586.30M 629.10M 480.50M 367.80M
Interest income 14.00M 3.80M 7.40M 6.00M 5.60M
Net interest income -382.10000M -379.60000M -420.30000M -466.50000M -521.80000M
Extraordinary items - - - - 7.20M
Non recurring 56.20M - 170.40M 24.40M 275.10M
Other items - - - - -
Income tax expense 612.20M 586.30M 629.10M 480.50M 367.80M
Total revenue 20094.20M 18992.80M 18127.00M 17626.60M 16865.20M
Total operating expenses 3500.40M 3147.00M 3079.60M 3151.60M 2935.80M
Cost of revenue 13548.40M 12590.60M 11678.70M 11496.70M 11108.40M
Total other income expense net 483.50M -266.20000M -287.40000M -353.70000M -217.20000M
Discontinued operations - - - - -
Net income from continuing ops 2528.30M 2735.00M 2346.00M 2119.70M 1714.20M
Net income applicable to common shares 2593.90M 2707.30M 2339.80M 2181.20M 1752.70M
Preferred stock and other adjustments - - - - -
Breakdown 2023-05-31 2022-05-31 2021-05-31 2020-05-31 2019-05-31
Type yearly yearly yearly yearly yearly
Date 2023-05-31 2022-05-31 2021-05-31 2020-05-31 2019-05-31
Total assets 31451.70M 31090.10M 31841.90M 30806.70M 30111.20M
Intangible assets 6967.60M 6999.90M 7150.60M 7095.80M 7166.80M
Earning assets - - - - -
Other current assets 735.70M 802.10M 790.30M 402.10M 497.50M
Total liab 20751.70M 20302.10M 21463.80M 21912.60M 22191.80M
Total stockholder equity 10449.60M 10542.40M 9470.40M 8058.50M 7054.50M
Deferred long term liab 2110.90M - 2118.40M 1947.10M 2031.00M
Other current liab 1600.70M -666.30000M 1787.20M 1633.30M 1367.80M
Common stock 75.50M 75.50M 75.50M 75.50M 75.50M
Capital stock 75.50M 75.50M 75.50M 75.50M 75.50M
Retained earnings 19838.60M 18532.60M 17069.80M 15982.10M 14996.70M
Other liab 3250.90M 3147.40M 3127.90M 3215.10M 3479.90M
Good will 14511.20M 14378.50M 14062.40M 13923.20M 13995.80M
Other assets 358.30M 1228.10M 322.60M 153.90M 522.00M
Cash 585.50M 569.40M 1505.20M 1677.80M 450.00M
Cash and equivalents 585.50M 569.40M 1505.20M 1677.80M 450.00M
Total current liabilities 7535.70M 8019.90M 8265.80M 7491.50M 7087.10M
Current deferred revenue - 2218.30M - - 2031.00M
Net debt 11120.40M 11051.00M 11106.80M 11861.70M 14040.00M
Short term debt 1740.80M 2485.60M 2825.10M 2610.50M 2865.20M
Short long term debt 1740.80M 2485.60M 2825.10M 2610.50M 2865.20M
Short long term debt total 11705.90M 11620.40M 12612.00M 13539.50M 14490.00M
Other stockholder equity -7187.60000M -6095.20000M -5245.70000M -5084.70000M -5392.30000M
Property plant equipment 3636.20M 3393.80M 3985.40M 3580.60M 3787.20M
Total current assets 5176.40M 5089.80M 5754.50M 5121.30M 4186.50M
Long term investments 462.00M 513.80M 566.40M 566.70M 452.90M
Net tangible assets -11029.20000M -10836.00000M -11742.60000M -12415.90000M -13556.40000M
Short term investments 117.20M 249.80M 360.00M - -
Net receivables 1683.20M 1692.10M 1638.50M 1615.10M 1679.70M
Long term debt 9965.10M 9134.80M 9786.90M 10929.00M 11624.80M
Inventory 2172.00M 1867.30M 1820.50M 1426.30M 1559.30M
Accounts payable 4194.20M 3982.30M 3653.50M 3247.70M 2854.10M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity 250.40M - 302.80M 291.00M 313.20M
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -2276.90000M -1970.50000M -2429.20000M -2914.40000M -2625.40000M
Additional paid in capital - - - - -
Common stock total equity 75.50M - 75.50M 75.50M 75.50M
Preferred stock total equity - - - - -
Retained earnings total equity 19838.60M - 17069.80M 15982.10M 14996.70M
Treasury stock -8410.00000M - -6611.20000M -6433.30000M -6779.00000M
Accumulated amortization - - - - -
Non currrent assets other 1160.30M 714.30M 1267.60M 1085.80M -1509.00000M
Deferred long term asset charges - - - - -
Non current assets total 26275.30M 26000.30M 26087.40M 25685.40M 25924.70M
Capital lease obligations 358.90M 355.00M 394.40M 379.00M -
Long term debt total 9965.10M 9134.80M 9786.90M 10929.00M 11624.80M
Breakdown 2023-05-31 2022-05-31 2021-05-31 2020-05-31 2019-05-31
Type yearly yearly yearly yearly yearly
Date 2023-05-31 2022-05-31 2021-05-31 2020-05-31 2019-05-31
Investments -346.40000M 15.40M 15.50M -486.20000M -556.50000M
Change to liabilities 199.80M 456.70M 343.10M 392.50M 162.40M
Total cashflows from investing activities -346.40000M -1690.70000M -512.80000M -486.20000M -556.50000M
Net borrowings 133.40M -385.80000M -960.80000M -917.20000M -1221.00000M
Total cash from financing activities -2404.10000M -2503.20000M -2715.50000M -1941.50000M -2176.40000M
Change to operating activities 111.50M 72.80M -172.20000M 260.40M -180.90000M
Net income 2609.60M 2735.00M 2346.00M 2210.80M 1786.20M
Change in cash 16.10M -935.80000M -172.60000M 1227.80M 51.00M
Begin period cash flow 569.40M 1505.20M 1677.80M 450.00M 399.00M
End period cash flow 585.50M 569.40M 1505.20M 1677.80M 450.00M
Total cash from operating activities 2778.60M 3316.10M 2983.20M 3676.20M 2807.00M
Issuance of capital stock - - - 0.00000M 0.00000M
Depreciation 546.60M 570.30M 601.30M 594.70M 620.10M
Other cashflows from investing activities 343.10M -13.50000M -3.10000M -25.40000M -18.90000M
Dividends paid -1287.90000M -1244.50000M -1246.40000M -1195.80000M 1181.70M
Change to inventory -319.00000M -85.80000M -354.70000M 103.10M 53.70M
Change to account receivables -41.20000M -166.30000M 27.90M 37.90M -42.70000M
Sale purchase of stock -1403.60000M -876.80000M -301.40000M -3.40000M -1.10000M
Other cashflows from financing activities -78.30000M 2759.00M -281.20000M -88.50000M 258.80M
Change to netincome -328.70000M -238.90000M 198.00M 76.80M 408.20M
Capital expenditures 689.50M 568.70M 530.80M 460.80M 537.60M
Change receivables - - - - -
Cash flows other operating -48.90000M - -155.90000M 793.90M -7.50000M
Exchange rate changes - - 72.50M -20.70000M -23.10000M
Cash and cash equivalents changes 28.10M - -172.60000M 1227.80M 51.00M
Change in working capital -48.90000M 277.40M -155.90000M 793.90M -7.50000M
Stock based compensation 111.70M 98.70M 89.90M 94.90M 84.90M
Other non cash items -418.20000M -427.50000M -16.90000M 11.50M 229.80M
Free cash flow 2089.10M 2747.40M 2452.40M 3215.40M 2269.40M

Peer Comparison

Sector: Consumer Defensive Industry: Packaged Foods

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
General Mills Inc
0.52 0.83% 63.18 16.27 14.88 1.91 3.76 2.48 11.55
Nestle SA
0.95 0.92% 104.61 26.86 18.76 3.13 7.10 3.81 21.70
Nestle SA ADR
1.21 1.17% 104.75 26.82 18.66 3.18 7.07 3.81 21.70
Kraft Heinz Co
0.01 0.03% 31.93 15.59 11.79 1.64 0.88 2.34 11.32
Danone PK
0.06 0.48% 12.69 28.42 16.39 1.44 2.23 1.85 12.41

Reports Covered

Stock Research & News


General Mills, Inc. manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables. It also manufactures and markets pet food products, including dog and cat food. The company markets its products under the Annie's, Betty Crocker, Bisquick, Blue Buffalo, Blue Basics, Blue Freedom, Bugles, Cascadian Farm, Cheerios, Chex, Cinnamon Toast Crunch, Cocoa Puffs, Cookie Crisp, EPIC, Fiber One, Fruit by the Foot, Fruit Gushers, Fruit Roll-Ups, Gardetto's, Go-Gurt, Gold Medal, Golden Grahams, Häagen-Dazs, Kitano, Kix, Lärabar, Latina, Lucky Charms, Muir Glen, Nature Valley, Nudges, Oatmeal Crisp, Old El Paso, Pillsbury, Progresso, Raisin Nut Bran, Total, Top Chews Naturals, Totino's, Trix, True Chews, Wanchai Ferry, Wheaties, Wilderness, Yoki, Reese's Puffs, Green Giant, and Yoplait trademarks. It sells its products directly, as well as through broker and distribution arrangements to grocery stores, mass merchandisers, membership stores, natural food chains, e-commerce retailers, commercial and noncommercial foodservice distributors and operators, restaurants, convenience stores, and pet specialty stores, as well as drug, dollar, and discount chains. In addition, the company operates ice cream parlors. General Mills, Inc. was founded in 1866 and is headquartered in Minneapolis, Minnesota.

General Mills Inc

Number One General Mills Boulevard, Minneapolis, MN, United States, 55426

Key Executives

Name Title Year Born
Mr. Jeffrey L. Harmening Chairman & CEO 1967
Mr. Kofi A. Bruce Chief Financial Officer 1971
Mr. Jonathon J. Nudi Group Pres of North America Retail 1970
Mr. Jaime Montemayor Chief Digital & Technology Officer 1965
Ms. Marie C. Pillai Chief Investment Officer, VP & Treasurer NA
Mr. Mark A. Pallot VP & Chief Accounting Officer 1974
Jeff Siemon VP of Investor Relations NA
Ms. Karen Wilson Thissen Gen. Counsel & Corp. Sec. 1967
Mr. Jano Cabrera Chief Communications Officer 1975
Mr. Ivan Pollard Global Chief Marketing Officer 1963

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