General Mills Balance Sheet - Annual (NYSE:GIS)

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$45.22 $0.25 (0.56%) GIS stock closing price Jun 22, 2018 (Closing)

The financial analysis of a company like General Mills involves checking the three financial statements of the company in detail, of which the balance sheet is one. Balance sheet items like cash at hand, total assets and liabilities helps one analyze a company and summarize the financial performance of the company like we have in our General Mills stock analysis. Good annual results indicate a company's strong financial performance. Its important to check all financial statements including the balance sheet. The General Mills balance sheet for 2017 shows total assets of $21.81B. The company has a asset turnover ratio of 0.7. Also see: General Mills revenue and General Mills operating cash flow for the same year.

View latest 10 year balance sheet data to check General Mills financial performance.
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Quarterly
Annual
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Fiscal year is Jun - May2017201620152014201320122011201020092008
Cash766.1M763.7M334.2M867.3M741.4M471.2M619.6M673.2M749.8M661M
Marketable Securities----------
Receivables1.43B1.36B1.39B1.48B1.45B1.32B1.16B1.04B953.4M1.08B
Inventory1.48B1.41B1.54B1.56B1.55B1.48B1.61B1.34B1.35B1.37B
Raw Materials468.4M469.9M486.5M516.1M538.6M489.7M504.2M354.9M400M-
Work In Progress----------
Finished Goods1.22B1.16B1.27B1.26B1.23B1.21B1.27B1.13B1.1B-
Notes Receivable----------
Other Current Assets381.6M399M523.9M483.2M565.6M417.8M510.8M421.2M484.9M510.6M
Total Current Assets
4.06B3.94B3.79B4.39B4.3B3.69B3.9B3.48B3.53B3.62B
Property Plant & Equipment9.53B9.5B9.59B9.39B8.93B8.28B7.49B6.95B6.62B-
Accumulated Depreciation5.84B5.76B5.81B5.45B5.05B4.63B4.15B3.82B3.59B-
Net Property Plant & Equipment
3.69B3.74B3.78B3.94B3.88B3.65B3.35B3.13B3.03B3.11B
Investment & Advances----------
Other Non-Current Assets----------
Deferred Charges----------
Intangibles13.28B13.28B13.55B13.66B13.64B12.89B10.56B10.31B10.41B10.56B
Deposits & Other Assets785.9M751.7M843.6M1.15B843.7M865.3M862.5M763.4M895M1.75B
Total Assets
21.81B21.71B21.96B23.15B22.66B21.1B18.67B17.68B17.87B19.04B
Notes Payable1.23B269.8M615.8M1.11B599.7M526.5M311.3M1.05B812.2M2.21B
Accounts Payable2.12B2.05B1.68B1.61B1.42B1.15B995.1M849.5M803.4M937.3M
Current Portion Long-Term Debt604.7M1.1B1B1.25B1.44B741.2M1.03B107.3M508.5M442M
Current Portion Capital Leases----------
Accrued Expenses----------
Income Taxes Payable---------28.4M
Other Current Liabilities1.37B1.6B1.59B1.45B1.83B1.43B1.32B1.76B1.48B1.24B
Total Current Liabilities
5.33B5.01B4.89B5.42B5.29B3.84B3.66B3.77B3.61B4.86B
Mortgages----------
Deferred Taxes/Income1.72B1.4B1.55B1.67B1.39B1.17B1.13B874.6M1.17B1.45B
Convertible Debt----------
Long-Term Debt7.64B7.06B7.61B6.42B5.93B6.16B5.54B5.27B5.75B4.35B
Non-Current Capital Leases----------
Other Long-Term Liabilities2.43B2.93B2.52B2.63B2.92B3.04B1.73B2.12B1.93B1.92B
Total Liabilities
17.13B16.41B16.57B16.14B15.53B14.21B12.06B12.03B12.7B12.83B
Minority Interest--------242.3M242.3M
Preferred Stock----------
Common Stock Net75.5M75.5M75.5M75.5M75.5M75.5M75.5M75.5M37.7M37.7M
Capital Surplus1.12B1.18B1.3B1.23B1.17B1.31B1.32B1.31B1.25B1.15B
Retained Earnings13.14B12.62B11.99B11.79B10.7B9.96B9.19B8.12B7.24B6.51B
Treasury Stock7.76B6.33B6.06B5.22B3.69B3.18B3.21B2.62B2.47B1.66B
Other Liabilities-1.89B-2.24B-1.91B-869.7M-1.13B-1.28B-764.1M-1.24B-875.4M176.7M
Shareholders Equity4.69B5.31B5.39B7.01B7.13B6.88B6.61B5.65B5.17B6.22B
Total Liabilities & Shareholders Equity21.81B21.71B21.96B23.15B22.66B21.1B18.67B17.68B17.87B19.04B
All figures in USD. M: Millions of USD, B: Billions of USD.
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Looking at General Mills historical stock prices and the current General Mills stock price can tell you how the stock price has moved, whereas the General Mills PE ratio chart shows if its shares are overpriced in comparison to peers. The important things to look for in a balance sheet are:

  • Assets: Anything that the General Mills company owns and is a part of its books. Assets can be of three types: fixed, current and other assets which includes intangibles, advances. Internet companies typically don't have a lot of assets as there is not much investment in say machinery, equipment etc. General Mills had total assets of $21.81B.
  • Liabilities: The total liabilities of General Mills for the year 2017 total to $17.13B. Liabilities for a company like General Mills include bank loans, services which have been availed for which a settlement in the form of cash/ asset transfer needs to be done in future etc. A firm takes on such obligations to grow its business which in turn will generate future economic benefits for its business.

General Mills Balance Sheet - Key Ratios

Current ratio
0.69
Debt to equity ratio
1.81
Asset turnover ratio
0.7
Receivables turnover
10.56
Price to book ratio
5.57