Stock Analysis on Net
Stock Analysis on Net

General Mills Inc. (NYSE:GIS)

This company has been moved to the archive! The financial data has not been updated since December 18, 2019.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 

General Mills Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

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May 26, 2019 May 27, 2018 May 28, 2017 May 29, 2016 May 31, 2015 May 25, 2014
Accounts payable 9.48 8.97 9.72 9.43 7.67 6.96
Current portion of long-term debt 4.64 5.22 2.77 5.08 4.55 5.40
Notes payable 4.88 5.06 5.66 1.24 2.80 4.80
Accrued trade and consumer promotions 1.61 1.63 2.21 2.60 2.57 2.50
Accrued payroll 1.15 1.13 1.50 1.78 1.65 1.69
Dividends payable 0.06 0.06 0.10 0.11 0.13 0.14
Accrued taxes 0.12 0.31 0.27 0.51 0.09 0.27
Accrued interest, including interest rate swaps 0.31 0.35 0.38 0.42 0.42 0.40
Grain contracts 0.01 0.00 0.03 0.03 0.04 0.02
Restructuring and other exit costs reserve 0.12 0.22 0.39 0.35 0.55 0.02
Derivative payable 0.04 0.03 0.08 0.16 0.56 0.10
Miscellaneous 1.12 0.99 1.33 1.39 1.24 1.13
Other current liabilities 4.54% 4.72% 6.29% 7.35% 7.24% 6.26%
Current liabilities 23.54% 23.97% 24.44% 23.10% 22.26% 23.43%
Long-term debt, excluding current portion 38.61 41.37 35.04 32.51 34.64 27.75
Deferred income taxes 6.74 6.54 7.88 6.45 7.06 7.20
Accrued compensation and benefits, including obligations for underfunded other postretirement benefit and postemployment benefit plans 3.83 3.26 5.73 8.08 6.61 5.80
Accrued taxes 0.75 0.87 0.74 0.94 0.92 0.85
Miscellaneous 0.23 0.25 0.51 0.59 0.41 0.46
Other liabilities 4.81% 4.38% 6.98% 9.61% 7.94% 7.10%
Noncurrent liabilities 50.16% 52.29% 49.90% 48.57% 49.64% 42.05%
Total liabilities 73.70% 76.27% 74.34% 71.66% 71.90% 65.48%
Redeemable interest 1.83 2.53 4.18 3.89 3.55 4.25
Common stock, $0.10 par value 0.25 0.25 0.35 0.35 0.34 0.33
Additional paid-in capital 4.61 3.93 5.14 5.42 5.90 5.32
Retained earnings 49.80 47.22 60.24 58.11 54.59 50.93
Common stock in treasury, at cost -22.51 -23.40 -35.59 -29.14 -27.57 -22.55
Accumulated other comprehensive loss -8.72 -7.93 -10.29 -12.03 -10.52 -5.79
Stockholders’ equity 23.43% 20.05% 19.84% 22.71% 22.75% 28.23%
Noncontrolling interests 1.04 1.15 1.64 1.74 1.80 2.03
Total equity 24.47% 21.20% 21.48% 24.44% 24.55% 30.27%
Total liabilities and equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2019-05-26), 10-K (reporting date: 2018-05-27), 10-K (reporting date: 2017-05-28), 10-K (reporting date: 2016-05-29), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-25).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. General Mills Inc. current liabilities as a percentage of total liabilities and equity decreased from 2017 to 2018 and from 2018 to 2019.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. General Mills Inc. noncurrent liabilities as a percentage of total liabilities and equity increased from 2017 to 2018 but then slightly decreased from 2018 to 2019 not reaching 2017 level.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. General Mills Inc. total liabilities as a percentage of total liabilities and equity increased from 2017 to 2018 but then decreased significantly from 2018 to 2019.
Stockholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. General Mills Inc. stockholders’ equity as a percentage of total liabilities and equity increased from 2017 to 2018 and from 2018 to 2019.