$GIS
GENERAL MILLS INC

2018 Q3 Form 10-Q Financial Statement

#000119312518276507 Filed on September 18, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2017 Q3
Revenue $4.094B $3.769B
YoY Change 8.62% -3.55%
Cost Of Revenue $2.697B $2.442B
YoY Change 10.42% -0.86%
Gross Profit $1.343B $1.313B
YoY Change 2.25% -7.31%
Gross Profit Margin 32.8% 34.84%
Selling, General & Admin $734.0M $702.8M
YoY Change 4.44% -1.32%
% of Gross Profit 54.66% 53.51%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $155.2M $145.1M
YoY Change 6.96% -4.85%
% of Gross Profit 11.56% 11.05%
Operating Expenses $734.0M $702.8M
YoY Change 4.44% -1.32%
Operating Profit $601.5M $625.8M
YoY Change -3.88% -11.2%
Interest Expense -$133.5M -$72.40M
YoY Change 84.39% -2.03%
% of Operating Profit -22.19% -11.57%
Other Income/Expense, Net
YoY Change
Pretax Income $488.9M $553.4M
YoY Change -11.66% -3.23%
Income Tax $110.7M $168.5M
% Of Pretax Income 22.64% 30.45%
Net Earnings $392.3M $404.7M
YoY Change -3.06% -1.05%
Net Earnings / Revenue 9.58% 10.74%
Basic Earnings Per Share $0.66 $0.70
Diluted Earnings Per Share $0.65 $0.69
COMMON SHARES
Basic Shares Outstanding 598.0M shares 576.5M shares
Diluted Shares Outstanding 603.3M shares 586.9M shares

Balance Sheet

Concept 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $433.0M $821.0M
YoY Change -47.26% 7.18%
Cash & Equivalents $432.9M $820.8M
Short-Term Investments
Other Short-Term Assets $358.0M $376.0M
YoY Change -4.79% -13.36%
Inventory $1.686B $1.595B
Prepaid Expenses
Receivables $1.709B $1.547B
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.186B $4.339B
YoY Change -3.53% 3.48%
LONG-TERM ASSETS
Property, Plant & Equipment $3.955B $3.648B
YoY Change 8.42% -0.2%
Goodwill $14.03B $8.832B
YoY Change 58.85% 0.85%
Intangibles $7.421B $4.593B
YoY Change 61.56% 0.9%
Long-Term Investments
YoY Change
Other Assets $963.0M $797.0M
YoY Change 20.83% 5.65%
Total Long-Term Assets $26.37B $17.87B
YoY Change 47.55% 0.85%
TOTAL ASSETS
Total Short-Term Assets $4.186B $4.339B
Total Long-Term Assets $26.37B $17.87B
Total Assets $30.56B $22.21B
YoY Change 37.57% 1.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.724B $2.173B
YoY Change 25.36% 11.73%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $1.349B $1.660B
YoY Change -18.73% 140.45%
Long-Term Debt Due $1.599B $605.0M
YoY Change 164.3% -45.17%
Total Short-Term Liabilities $7.188B $5.890B
YoY Change 22.04% 12.94%
LONG-TERM LIABILITIES
Long-Term Debt $12.67B $7.823B
YoY Change 61.89% 10.53%
Other Long-Term Liabilities $1.326B $1.486B
YoY Change -10.77% -27.43%
Total Long-Term Liabilities $13.99B $9.309B
YoY Change 50.3% 2.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.188B $5.890B
Total Long-Term Liabilities $13.99B $9.309B
Total Liabilities $24.33B $18.31B
YoY Change 32.91% 15.98%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 158.5M shares 186.4M shares
Shareholders Equity $6.225B $3.904B
YoY Change
Total Liabilities & Shareholders Equity $30.55B $22.21B
YoY Change 37.57% 1.35%

Cashflow Statement

Concept 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $392.3M $404.7M
YoY Change -3.06% -1.05%
Depreciation, Depletion And Amortization $155.2M $145.1M
YoY Change 6.96% -4.85%
Cash From Operating Activities $607.4M $590.5M
YoY Change 2.86% 59.25%
INVESTING ACTIVITIES
Capital Expenditures $112.7M $116.3M
YoY Change -3.1% -24.23%
Acquisitions
YoY Change
Other Investing Activities $27.10M $300.0K
YoY Change 8933.33% -106.38%
Cash From Investing Activities -$139.6M -$122.8M
YoY Change 13.68% -3.53%
FINANCING ACTIVITIES
Cash Dividend Paid $294.2M $284.3M
YoY Change 3.48% -2.27%
Common Stock Issuance & Retirement, Net $200.0K $600.3M
YoY Change -99.97% 50.19%
Debt Paid & Issued, Net $200.0K $0.00
YoY Change
Cash From Financing Activities -$423.0M -$451.3M
YoY Change -6.27% 89.46%
NET CHANGE
Cash From Operating Activities $607.4M $590.5M
Cash From Investing Activities -$139.6M -$122.8M
Cash From Financing Activities -$423.0M -$451.3M
Net Change In Cash $44.80M $16.40M
YoY Change 173.17% 209.43%
FREE CASH FLOW
Cash From Operating Activities $607.4M $590.5M
Capital Expenditures $112.7M $116.3M
Free Cash Flow $494.7M $474.2M
YoY Change 4.32% 118.22%

Facts In Submission

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0 USD
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2700000 USD
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96900000 USD
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0 USD
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2000000 USD
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77000000 USD
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323900000 USD
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28100000 USD
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2400000 USD

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