General Mills, Inc. (GIS) quarterly income statement — complete revenue, gross profit & net income history
| Sales/Revenue | 4.44B | 4.86B | 4.52B | 4.56B | 4.84B | 5.24B | 4.85B | 4.71B | 5.1B | 5.14B | 4.9B | 5.03B |
| Revenue Growth % | -8.37% | -7.24% | -6.82% | -3.35% | -5.04% | 1.96% | -1.15% | -6.28% | -0.52% | -1.56% | 3.97% | 2.84% |
| Cost of Goods Sold | 3.08B | 3.17B | 2.98B | 3.08B | 3.2B | 3.31B | 3.16B | 3.03B | 3.39B | 3.37B | 3.13B | 3.3B |
| COGS % of Revenue | 69.39% | 65.18% | 66.07% | 67.65% | 66.15% | 63.15% | 65.17% | 64.18% | 66.52% | 65.64% | 63.9% | 65.64% |
| Gross Profit | 1.36B | 1.69B | 1.53B | 1.47B | 1.64B | 1.93B | 1.69B | 1.69B | 1.71B | 1.77B | 1.77B | 1.73B |
| Gross Margin % | 30.61% | 34.82% | 33.93% | 32.35% | 33.85% | 36.85% | 34.83% | 35.82% | 33.48% | 34.36% | 36.1% | 34.36% |
| Gross Profit Growth % | -17.14% | -12.36% | -9.24% | -12.69% | -4% | 9.35% | -4.61% | -2.31% | 2.56% | 3.57% | 22.3% | -2.36% |
| Operating Expenses | 812.9M | 964.5M | -193M | 970M | 747.7M | 853.2M | 857.3M | 909.1M | 796.7M | 954.1M | 840.5M | 910M |
| OpEx % of Revenue | 18.32% | 19.84% | -4.27% | 21.29% | 15.44% | 16.28% | 17.68% | 19.29% | 15.62% | 18.56% | 17.14% | 18.09% |
| Selling, General & Admin | 812.9M | 842.4M | 845.1M | 894.3M | 844.4M | 852M | 855.1M | 798.3M | 790.9M | 830.5M | 839.3M | 867.9M |
| SG&A % of Revenue | 18.32% | 17.33% | 18.71% | 19.63% | 17.44% | 16.26% | 17.64% | 16.93% | 15.51% | 16.16% | 17.11% | 17.25% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 257.8M | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | 5.47% | - | - | - | - |
| Other Operating Expenses | 0 | 1000K | -1000K | 1000K | -1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 545.2M | 728M | 1.73B | 504M | 891.4M | 1.08B | 831.5M | 779.2M | 910.7M | 811.8M | 930M | 818.2M |
| Operating Margin % | 12.29% | 14.98% | 38.2% | 11.06% | 18.41% | 20.57% | 17.15% | 16.53% | 17.86% | 15.8% | 18.96% | 16.27% |
| Operating Income Growth % | -38.84% | -32.46% | 107.55% | -35.32% | -2.12% | 32.78% | -10.59% | -4.77% | 24.72% | 1.5% | -14.33% | -19.48% |
| EBITDA | 545.2M | 866M | 1.86B | 639.6M | 1.03B | 1.21B | 971.1M | 919.7M | 1.06B | 940.4M | 1.07B | 953.8M |
| EBITDA Margin % | 12.29% | 17.82% | 41.27% | 14.04% | 21.18% | 23.04% | 20.03% | 19.51% | 20.73% | 18.3% | 21.76% | 18.96% |
| EBITDA Growth % | -46.85% | -28.28% | 92% | -30.46% | -2.97% | 28.39% | -9% | -3.58% | 21.88% | 0.11% | -12.52% | -17.48% |
| D&A (Non-Cash Add-back) | 0 | 138M | 138.7M | 135.6M | 134.3M | 129.5M | 139.6M | 140.5M | 146.4M | 128.6M | 137.2M | 135.6M |
| EBIT | 545.2M | 728M | 687.7M | 676.3M | 794.7M | 1.08B | 833.7M | 743.2M | 916.5M | 935.4M | 931.2M | 1.35B |
| Net Interest Income | -128.4M | -125.9M | -131.9M | -139.7M | -140M | -123.4M | -124M | -121.8M | -122M | -121.2M | -118.3M | -104.6M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 128.4M | 125.9M | 131.9M | 139.7M | 140M | 123.4M | 124M | 121.8M | 122M | 121.2M | 118.3M | 104.6M |
| Other Income/Expense | -139.8M | -110.2M | -110.9M | -132.9M | -108M | -80.8M | -90.5M | -83.5M | -85.1M | -73.5M | -76.5M | -57.4M |
| Pretax Income | 405.4M | 617.8M | 1.61B | 371.1M | 783.4M | 997.1M | 741M | 695.7M | 825.6M | 738.3M | 853.5M | 760.8M |
| Pretax Margin % | 9.14% | 12.71% | 35.75% | 8.14% | 16.18% | 19.03% | 15.28% | 14.76% | 16.19% | 14.37% | 17.4% | 15.13% |
| Income Tax | 99.9M | 204.8M | 410.9M | 69.1M | 152.4M | 194.8M | 157.4M | 136M | 149.3M | 136M | 173.2M | 140.7M |
| Effective Tax Rate % | 24.64% | 33.15% | 25.44% | 18.62% | 19.45% | 19.54% | 21.24% | 19.55% | 18.08% | 18.42% | 20.29% | 18.49% |
| Net Income | 303.1M | 413M | 1.2B | 294M | 625.6M | 795.7M | 579.9M | 557.5M | 670.1M | 595.5M | 673.5M | 614.9M |
| Net Margin % | 6.83% | 8.5% | 26.66% | 6.45% | 12.92% | 15.18% | 11.96% | 11.83% | 13.14% | 11.59% | 13.73% | 12.22% |
| Net Income Growth % | -51.55% | -48.1% | 107.66% | -47.26% | -6.64% | 33.62% | -13.9% | -9.33% | 21.15% | -1.72% | -17.87% | -25.27% |
| Net Income (Continuing) | 305.5M | 413M | 1.2B | 302M | 631M | 802.3M | 583.6M | 559.7M | 676.3M | 602.3M | 680.3M | 620.1M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 13.7M | 12.4M | 12.3M | 12M | 249.4M | 248.5M | 251M | 251.8M | 254.5M | 253.1M | 253M | 250.4M |
| EPS (Diluted) | 0.56 | 0.78 | 2.22 | 0.52 | 1.12 | 1.42 | 1.03 | 0.98 | 1.17 | 1.02 | 1.14 | 1.03 |
| EPS Growth % | -50% | -45.07% | 115.53% | -46.94% | -4.27% | 39.22% | -9.65% | -4.85% | 27.17% | 0.99% | -15.56% | -23.7% |
| EPS (Basic) | 0.57 | 0.78 | 2.22 | 0.52 | 1.13 | 1.43 | 1.03 | 0.98 | 1.18 | 1.03 | 1.15 | 1.04 |
| Diluted Shares Outstanding | 542.5M | 542.5M | 542.5M | 550.4M | 555M | 560.4M | 563.8M | 570.4M | 572.8M | 583.4M | 591.4M | 597.7M |
| Basic Shares Outstanding | 541.3M | 541.3M | 541.3M | 548.2M | 552.6M | 556.9M | 560.5M | 566.2M | 569.5M | 580.1M | 586.3M | 590.8M |
| Dividend Payout Ratio | 108.35% | 79.39% | 27.48% | 112.35% | 53.16% | 42.48% | 58.25% | 60.16% | 50.29% | 57.51% | 51.74% | 52.12% |