← GENERAL MILLS INC
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income From Continuing Operations | — | — | — | — | — | — | $2.6b | $2.5b | $2.3b | ($85.3m) | |
| Net Income (Loss) Attributable to Parent | $1.7b | $2.1b | $1.8b | $2.2b | $2.3b | $2.7b | $2.6b | $2.5b | $2.3b | ($87.6m) | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $1.7b | $2.2b | $1.8b | $2.2b | $2.3b | $2.7b | $2.6b | $2.5b | $2.3b | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $43.6m | $32.0m | $33.5m | $29.6m | $6.2m | $27.7m | $15.7m | $22.0m | $23.7m | — | |
| Depreciation, Depletion and Amortization | $603.6m | $618.8m | $620.1m | $594.7m | $601.3m | $570.3m | $546.6m | $552.7m | $539.0m | $555.2m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $546.6m | $552.7m | $539.0m | $555.2m | |
| Deferred Income Tax Expense (Benefit) | $183.9m | ($504.3m) | $96.0m | ($29.6m) | $118.8m | $62.2m | ($22.2m) | ($48.5m) | ($120.9m) | — | |
| Deferred Other Tax Expense (Benefit) | — | — | — | $53.1m | — | — | — | — | — | — | |
| Deferred Income Tax | — | — | — | — | — | — | ($22.2m) | ($48.5m) | ($120.9m) | $203.2m | |
| Deferred Tax | — | — | — | — | — | — | ($22.2m) | ($48.5m) | ($120.9m) | $203.2m | |
| Share-based Payment Arrangement, Noncash Expense | $95.7m | $77.0m | $84.9m | $94.9m | $89.9m | $98.7m | $111.7m | $95.3m | $91.7m | — | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | — | — | — | — | $0 | — | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | $117.1m | — | — | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | — | — | — | $103.1m | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | $0 | $96.9m | $192.6m | — | — | — | — | — | — | — | |
| Marketable Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment Loss | — | — | — | — | — | — | — | ($7.6m) | $0 | — | |
| Restructuring Costs and Asset Impairment Charges | $117.0m | $126.0m | $235.7m | $43.6m | $150.9m | ($117.1m) | $24.4m | $223.5m | $74.3m | — | |
| Gain (Loss) on Disposition of Business | ($13.5m) | $0 | ($30.0m) | $0 | ($53.5m) | $194.1m | $444.6m | $0 | $95.9m | — | |
| Income (Loss) from Equity Method Investments | $85.0m | $84.7m | $72.0m | $91.1m | $117.7m | $111.7m | $81.3m | $84.8m | $57.6m | — | |
| Income Tax Expense (Benefit) | $655.2m | $57.3m | $367.8m | $480.5m | $629.1m | $586.3m | $612.2m | $594.5m | $573.7m | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | ($81.3m) | ($84.8m) | ($57.6m) | $76.5m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $69.2m | $122.7m | $42.7m | ($37.9m) | ($27.9m) | $166.3m | $41.2m | $1.8m | $79.0m | — | |
| Increase (Decrease) in Inventories | $61.5m | ($15.6m) | ($53.7m) | ($103.1m) | $354.7m | $85.8m | $319.0m | ($287.6m) | $18.5m | — | |
| Proceeds from Stock Options Exercised | $112.6m | $99.3m | $241.4m | $263.4m | $74.3m | $161.7m | $232.3m | $25.5m | $43.0m | — | |
| Debt and Equity Securities, Unrealized Gain (Loss) | — | — | $17.9m | $4.6m | $5.3m | $5.2m | $5.2m | $4.3m | $4.6m | — | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | — | — | ($34.0m) | — | — | — | — | |
| Goodwill | $8.7b | $14.1b | $14.0b | $13.9b | $14.1b | $14.4b | $14.5b | $14.8b | $15.6b | — | |
| Investment Income, Interest | $7.0m | $11.7m | $5.6m | $6.0m | $7.4m | $3.8m | $14.0m | $18.8m | $24.6m | — | |
| Beginning Cash Position | — | — | — | — | — | — | $569.4m | $585.5m | $418.0m | $363.9m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($2.4b) | ($2.3b) | ($1.2b) | ($3.3b) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($346.4m) | ($1.2b) | ($1.8b) | $1.3b | |
| Change In Account Payable | — | — | — | — | — | — | $199.8m | ($251.2m) | $86.7m | ($186.2m) | |
| Change In Inventory | — | — | — | — | — | — | ($319.0m) | $287.6m | ($18.5m) | ($82.2m) | |
| Change In Other Current Liabilities | — | — | — | — | — | — | $49.9m | ($191.0m) | $122.4m | ($75.1m) | |
| Change In Payable | — | — | — | — | — | — | $199.8m | ($251.2m) | $86.7m | ($186.2m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $199.8m | ($251.2m) | $86.7m | ($186.2m) | |
| Change In Prepaid Assets | — | — | — | — | — | — | $61.6m | $167.0m | $80.8m | ($147.7m) | |
| Change In Receivables | — | — | — | — | — | — | ($41.2m) | ($1.8m) | ($79.0m) | $12.9m | |
| Change In Working Capital | — | — | — | — | — | — | ($48.9m) | $10.6m | $192.4m | ($478.3m) | |
| Changes In Cash | — | — | — | — | — | — | $28.1m | ($167.1m) | ($56.8m) | $109.4m | |
| End Cash Position | — | — | — | — | — | — | $585.5m | $418.0m | $363.9m | $491.7m | |
| Financing Cash Flow | — | — | — | — | — | — | ($2.4b) | ($2.3b) | ($1.2b) | ($3.3b) | |
| Free Cash Flow | — | — | — | — | — | — | $2.1b | $2.5b | $2.3b | $1.6b | |
| Gain Loss On Sale Of Business | — | — | — | — | — | — | ($444.6m) | $0 | ($95.9m) | ($1.0b) | |
| Investing Cash Flow | — | — | — | — | — | — | ($346.4m) | ($1.2b) | ($1.8b) | $1.3b | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $349.4m | ($454.6m) | ($1.2b) | $1.8b | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($688.2m) | ($773.3m) | ($624.2m) | ($535.1m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($525.9m) | ($84.8m) | ($153.5m) | ($972.9m) | |
| Other Non Cash Items | — | — | — | — | — | — | $37.8m | $208.3m | $6.0m | $2.8b | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $232.3m | $25.5m | $43.0m | $500k | |
| Purchase Of Business | — | — | — | — | — | — | ($283.7m) | ($454.6m) | ($1.4b) | ($31.8m) | |
| Purchase Of PPE | — | — | — | — | — | — | ($689.5m) | ($774.1m) | ($625.3m) | ($539.9m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($1.4b) | ($2.0b) | ($1.2b) | ($500.3m) | |
| Sale Of Business | — | — | — | — | — | — | $633.1m | $0 | $255.1m | $1.8b | |
| Sale Of PPE | — | — | — | — | — | — | $1.3m | $800k | $1.1m | $4.8m | |
| Stock Based Compensation | — | — | — | — | — | — | $111.7m | $95.3m | $91.7m | $79.4m | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | $25.7m | ($17.4m) | ($900k) | ($4.1m) | ($13.5m) | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $2.3b | $2.8b | $2.8b | $3.7b | $3.0b | $3.3b | $2.8b | $3.3b | $2.9b | $2.2b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $684.4m | $622.7m | $537.6m | $460.8m | $530.8m | $568.7m | $689.5m | $774.1m | $625.3m | ($539.9m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $0 | $8.0b | $0 | $0 | — | — | — | — | — | — | |
| Payments for (Proceeds from) Other Investing Activities | $500k | $11.0m | $59.7m | ($20.9m) | $3.1m | $13.5m | $7.6m | ($30.5m) | $6.5m | — | |
| Net Other Investing Changes | — | — | — | — | — | — | ($7.6m) | $30.5m | ($6.5m) | ($5.1m) | |
| Net Cash Provided by (Used in) Investing Activities | ($646.9m) | ($8.7b) | ($556.5m) | ($486.2m) | ($512.8m) | ($1.7b) | ($346.4m) | ($1.2b) | ($1.8b) | — | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $1.1b | $6.5b | $339.1m | $1.6b | $1.6b | $2.2b | $2.3b | $2.1b | $2.4b | — | |
| Issuance Of Debt | — | — | — | — | — | — | $2.3b | $2.1b | $2.4b | $2.0b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $2.3b | $2.1b | $2.4b | $2.0b | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $133.4m | $1.1b | $1.7b | ($1.4b) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $902.7m | $1.2b | $1.1b | ($817.5m) | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | ($769.3m) | ($20.5m) | $667.1m | ($608.2m) | |
| Repayments of Long-term Debt | $1.0b | $600.1m | $1.5b | $1.4b | $2.6b | $3.1b | $1.4b | $901.5m | $1.3b | — | |
| Long Term Debt Payments | — | — | — | — | — | — | ($1.4b) | ($901.5m) | ($1.3b) | ($2.8b) | |
| Repayment Of Debt | — | — | — | — | — | — | ($1.4b) | ($901.5m) | ($1.3b) | ($2.8b) | |
| Proceeds from Issuance of Common Stock | $112.6m | $969.9m | $0 | $0 | $74.3m | $161.7m | $232.3m | $25.5m | $43.0m | — | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($1.4b) | ($2.0b) | ($1.2b) | ($500.3m) | |
| Payments for Repurchase of Common Stock | $1.7b | $601.6m | $1.1m | $3.4m | $301.4m | $876.8m | $1.4b | $2.0b | $1.2b | — | |
| Common Stock Payments | — | — | — | — | — | — | ($1.4b) | ($2.0b) | ($1.2b) | ($500.3m) | |
| Proceeds from Noncontrolling Interests | — | — | — | — | — | — | — | — | — | — | |
| Dividends paid | $1.1b | $1.1b | $1.2b | $1.2b | $1.2b | $1.2b | $1.3b | $1.4b | $1.3b | — | |
| Payments of Dividends | $1.1b | $1.1b | $1.2b | $1.2b | $1.2b | $1.2b | $1.3b | $1.4b | $1.3b | — | |
| Dividends Payable, Current | $21.5m | $17.5m | $19.2m | $20.7m | $24.1m | $25.3m | $23.1m | $20.9m | $22.9m | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($1.3b) | ($1.4b) | ($1.3b) | ($1.3b) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($1.3b) | ($1.4b) | ($1.3b) | ($1.3b) | |
| Dividend Received CFO | — | — | — | — | — | — | $69.9m | $50.4m | $44.6m | $39.0m | |
| Proceeds from (Payments for) Other Financing Activities | ($9.1m) | ($108.0m) | ($31.2m) | ($16.0m) | ($30.9m) | ($28.0m) | ($62.6m) | ($53.9m) | ($129.1m) | — | |
| Net Other Financing Charges | — | — | — | — | — | — | ($78.3m) | ($75.2m) | ($403.5m) | ($74.2m) | |
| Net Cash Provided by (Used in) Financing Activities | ($1.6b) | $5.4b | ($2.2b) | ($1.9b) | ($2.7b) | ($2.5b) | ($2.4b) | ($2.3b) | ($1.2b) | — | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($12.0m) | ($400k) | $2.7m | $18.4m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $1.2b | ($172.6m) | ($935.8m) | $16.1m | ($167.5m) | ($54.1m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | $569.4m | $585.5m | $418.0m | $363.9m | — | |
| Cash, Cash Equivalents, and Short-term Investments | $766.1m | — | — | — | — | — | — | — | — | — | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $16.1m | ($167.5m) | ($54.1m) | $127.8m | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $285.8m | $269.5m | $500.1m | $418.5m | $412.5m | $357.8m | $337.1m | $464.4m | $474.4m | $573.9m | |
| Income Taxes Paid, Net | $551.1m | $489.4m | $440.8m | $403.3m | $636.1m | $545.3m | $682.6m | $660.5m | $599.2m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.