General Historical Income Statement

GIS Stock

USD 67.46 0.07 0.10%

Historical analysis of General Mills income statement accounts such as Selling General Administrative of 2.7 B or Total Revenue of 12.1 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.

Cash Flow Balance Sheet Income Statement

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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. Cost Of Revenue is likely to gain to about 16.4 B in 2024, whereas Selling General Administrative is likely to drop slightly above 2.7 B in 2024.

Selling General Administrative Total Revenue Gross Profit Other Operating Expenses Interest Income

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.

Interest Income

Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.

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. Cost Of Revenue is likely to gain to about 16.4 B in 2024, whereas Selling General Administrative is likely to drop slightly above 2.7 B in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	6.4B	6.5B	7.5B	4.9B
Total Revenue	19.0B	20.1B	23.1B	12.1B

Gross Profit Total Revenue

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		0.51	0.33	0.51	0.56	0.49	0.48	0.53	0.7	0.32	0.47	0.26	-0.15	0.23	0.31	0.51	0.06	0.27	0.31	0.46	-0.01	-0.26	0.18	0.18	0.13	-0.11
Interest Expense	0.51		0.32	0.7	0.74	0.69	0.68	0.72	0.74	0.83	0.68	0.75	0.08	0.78	0.18	0.78	0.47	0.11	-0.44	0.03	-0.32	-0.64	0.07	-0.32	0.46	-0.65
Selling General Administrative	0.33	0.32		0.61	0.68	0.62	0.51	0.54	0.54	0.54	0.81	0.42	0.1	0.23	0.82	0.69	-0.12	0.12	-0.19	0.11	0.34	0.42	0.12	-0.09	-0.04	0.26
Total Revenue	0.51	0.7	0.61		0.98	1.0	0.89	0.89	0.88	0.72	0.93	0.68	0.06	0.63	0.59	0.95	0.54	0.09	-0.25	0.12	0.09	-0.2	0.29	-0.17	0.46	-0.36
Gross Profit	0.56	0.74	0.68	0.98		0.98	0.92	0.9	0.9	0.77	0.95	0.73	0.06	0.66	0.65	0.98	0.5	0.05	-0.21	0.12	0.1	-0.18	0.23	-0.18	0.42	-0.33
Other Operating Expenses	0.49	0.69	0.62	1.0	0.98		0.87	0.87	0.85	0.73	0.94	0.67	0.09	0.62	0.59	0.95	0.54	0.09	-0.27	0.12	0.1	-0.18	0.32	-0.2	0.47	-0.35
Operating Income	0.48	0.68	0.51	0.89	0.92	0.87		0.9	0.88	0.62	0.79	0.68	-0.09	0.64	0.57	0.85	0.56	-0.11	-0.07	0.0	0.08	-0.26	-0.03	-0.02	0.29	-0.34
Ebit	0.53	0.72	0.54	0.89	0.9	0.87	0.9		0.98	0.6	0.77	0.53	-0.32	0.5	0.47	0.84	0.33	0.3	-0.19	0.25	-0.02	-0.29	-0.09	0.1	0.14	-0.25
Ebitda	0.7	0.74	0.54	0.88	0.9	0.85	0.88	0.98		0.59	0.76	0.51	-0.31	0.48	0.47	0.83	0.29	0.32	-0.08	0.32	-0.02	-0.31	-0.03	0.13	0.15	-0.24
Cost Of Revenue	0.32	0.83	0.54	0.72	0.77	0.73	0.62	0.6	0.59		0.81	0.94	0.4	0.9	0.42	0.86	0.57	0.0	-0.51	0.04	-0.07	-0.21	0.31	-0.67	0.64	-0.56
Total Operating Expenses	0.47	0.68	0.81	0.93	0.95	0.94	0.79	0.77	0.76	0.81		0.73	0.22	0.63	0.71	0.96	0.41	0.02	-0.3	0.09	0.15	-0.02	0.34	-0.31	0.43	-0.25
Income Before Tax	0.26	0.75	0.42	0.68	0.73	0.67	0.68	0.53	0.51	0.94	0.73		0.49	0.97	0.44	0.8	0.73	-0.28	-0.37	-0.14	0.01	-0.2	0.27	-0.71	0.7	-0.63
Total Other Income Expense Net	-0.15	0.08	0.1	0.06	0.06	0.09	-0.09	-0.32	-0.31	0.4	0.22	0.49		0.47	0.14	0.2	0.44	-0.55	-0.37	-0.51	0.04	0.16	0.69	-0.76	0.6	-0.27
Net Income	0.23	0.78	0.23	0.63	0.66	0.62	0.64	0.5	0.48	0.9	0.63	0.97	0.47		0.22	0.74	0.82	-0.28	-0.4	-0.17	-0.19	-0.34	0.31	-0.7	0.75	-0.71
Income Tax Expense	0.31	0.18	0.82	0.59	0.65	0.59	0.57	0.47	0.47	0.42	0.71	0.44	0.14	0.22		0.61	0.07	-0.11	0.06	0.09	0.73	0.35	0.0	-0.11	0.13	0.05
Research Development	0.51	0.78	0.69	0.95	0.98	0.95	0.85	0.84	0.83	0.86	0.96	0.8	0.2	0.74	0.61		0.52	0.04	-0.34	0.07	0.04	-0.13	0.32	-0.33	0.49	-0.36
Net Income From Continuing Ops	0.06	0.47	-0.12	0.54	0.5	0.54	0.56	0.33	0.29	0.57	0.41	0.73	0.44	0.82	0.07	0.52		-0.46	-0.17	-0.25	-0.11	-0.37	0.39	-0.58	0.84	-0.74
Non Recurring	0.27	0.11	0.12	0.09	0.05	0.09	-0.11	0.3	0.32	0.0	0.02	-0.28	-0.55	-0.28	-0.11	0.04	-0.46		-0.13	0.75	-0.07	-0.04	-0.12	0.3	-0.28	0.18
Non Operating Income Net Other	0.31	-0.44	-0.19	-0.25	-0.21	-0.27	-0.07	-0.19	-0.08	-0.51	-0.3	-0.37	-0.37	-0.4	0.06	-0.34	-0.17	-0.13		0.39	0.31	0.15	-0.24	0.48	-0.26	0.25
Minority Interest	0.46	0.03	0.11	0.12	0.12	0.12	0.0	0.25	0.32	0.04	0.09	-0.14	-0.51	-0.17	0.09	0.07	-0.25	0.75	0.39		0.17	0.02	-0.1	0.19	-0.05	0.05
Tax Provision	-0.01	-0.32	0.34	0.09	0.1	0.1	0.08	-0.02	-0.02	-0.07	0.15	0.01	0.04	-0.19	0.73	0.04	-0.11	-0.07	0.31	0.17		0.43	-0.16	-0.02	0.05	0.09
Net Interest Income	-0.26	-0.64	0.42	-0.2	-0.18	-0.18	-0.26	-0.29	-0.31	-0.21	-0.02	-0.2	0.16	-0.34	0.35	-0.13	-0.37	-0.04	0.15	0.02	0.43		0.2	-0.02	-0.29	0.75
Interest Income	0.18	0.07	0.12	0.29	0.23	0.32	-0.03	-0.09	-0.03	0.31	0.34	0.27	0.69	0.31	0.0	0.32	0.39	-0.12	-0.24	-0.1	-0.16	0.2		-0.5	0.58	-0.06
Reconciled Depreciation	0.18	-0.32	-0.09	-0.17	-0.18	-0.2	-0.02	0.1	0.13	-0.67	-0.31	-0.71	-0.76	-0.7	-0.11	-0.33	-0.58	0.3	0.48	0.19	-0.02	-0.02	-0.5		-0.81	0.56
Selling And Marketing Expenses	0.13	0.46	-0.04	0.46	0.42	0.47	0.29	0.14	0.15	0.64	0.43	0.7	0.6	0.75	0.13	0.49	0.84	-0.28	-0.26	-0.05	0.05	-0.29	0.58	-0.81		-0.79
Extraordinary Items	-0.11	-0.65	0.26	-0.36	-0.33	-0.35	-0.34	-0.25	-0.24	-0.56	-0.25	-0.63	-0.27	-0.71	0.05	-0.36	-0.74	0.18	0.25	0.05	0.09	0.75	-0.06	0.56	-0.79

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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	1.0B	129.1M	546.6M	628.6M	403.2M
Interest Expense	472.5M	427.7M	383.4M	396.1M	455.5M	478.3M
Selling General Administrative	2.5B	2.3B	2.5B	2.7B	3.1B	2.7B
Total Revenue	17.6B	18.1B	19.0B	20.1B	23.1B	12.1B
Gross Profit	6.1B	6.4B	6.4B	6.5B	7.5B	4.9B
Other Operating Expenses	14.6B	14.8B	15.7B	17.0B	19.6B	10.2B
Operating Income	3.0B	3.1B	3.5B	2.7B	3.1B	1.9B
Ebit	3.0B	3.1B	3.5B	2.7B	3.1B	1.9B
Ebitda	3.6B	4.2B	3.6B	3.2B	3.7B	2.3B
Cost Of Revenue	11.5B	11.7B	12.6B	13.5B	15.6B	16.4B
Total Operating Expenses	3.2B	3.1B	3.1B	3.5B	4.0B	2.9B
Income Before Tax	2.6B	2.9B	3.2B	3.1B	3.6B	3.8B
Total Other Income Expense Net	(353.7M)	(287.4M)	(266.2M)	483.5M	435.2M	456.9M
Net Income	2.2B	2.3B	2.7B	2.6B	3.0B	3.1B
Income Tax Expense	480.5M	629.1M	586.3M	612.2M	704.0M	435.3M
Research Development	224.4M	239.3M	243.1M	257.6M	296.2M	219.9M
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	2.9B	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	18.1M	17.2M
Tax Provision	480.5M	629.1M	586.3M	612.2M	551.0M	420.5M
Net Interest Income	(466.5M)	(420.3M)	(379.6M)	(382.1M)	(343.9M)	(361.1M)
Interest Income	6M	7.4M	3.8M	14M	16.1M	8.7M
Reconciled Depreciation	594.7M	601.3M	570.3M	546.6M	491.9M	474.9M
Selling And Marketing Expenses	691.8M	736.3M	690.1M	810M	931.5M	752.7M

Pair Trading with General Mills

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if General Mills position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in General Mills will appreciate offsetting losses from the drop in the long position's value.

Moving together with General Stock

0.61	WEST	Westrock Coffee	Pair Corr
0.62	ADM	Archer Daniels Midland	Pair Corr

Moving against General Stock

0.57	HPCO	Hempacco	Pair Corr
0.36	TR	Tootsie Roll Industries	Pair Corr

The ability to find closely correlated positions to General Mills could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace General Mills when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back General Mills - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling General Mills to buy it.

The correlation of General Mills is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as General Mills moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if General Mills moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for General Mills can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for General Stock Analysis

When running General Mills' price analysis, check to measure General Mills' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy General Mills is operating at the current time. Most of General Mills' value examination focuses on studying past and present price action to predict the probability of General Mills' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move General Mills' price. Additionally, you may evaluate how the addition of General Mills to your portfolios can decrease your overall portfolio volatility.

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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

Interest Income

General Mills income statement Correlations

General Mills Account Relationship Matchups

High Positive Relationship

High Negative Relationship

General Mills income statement Accounts

Pair Trading with General Mills

Moving together with General Stock

Moving against General Stock

Additional Tools for General Stock Analysis

COMMON DESTINATIONS

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COMPANY

Other Operating Expenses	+ 1.0	Total Revenue
Gross Profit	+ 0.98	Total Revenue
Other Operating Expenses	+ 0.98	Gross Profit
Research Development	+ 0.98	Gross Profit
Ebitda	+ 0.98	Ebit
Net Income	+ 0.97	Income Before Tax

Selling And Marketing Expenses	- 0.81	Reconciled Depreciation
Extraordinary Items	- 0.79	Selling And Marketing Expenses
Reconciled Depreciation	- 0.76	Total Other Income Expense Net
Extraordinary Items	- 0.74	Net Income From Continuing Ops
Extraordinary Items	- 0.71	Net Income
Reconciled Depreciation	- 0.71	Income Before Tax