General Mills, Inc.
Cash Flow Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-87.6M | $2.30B | $2.50B | $2.59B | $2.71B | $2.34B | $2.18B | $1.75B |
| Depreciation & Amortization | $555.2M | $539.0M | $552.7M | $546.6M | $570.3M | $601.3M | $594.7M | $620.1M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $79.4M | $91.7M | $95.3M | $111.7M | $98.7M | $89.9M | $94.9M | $84.9M |
| Net Cash from Operating Activities | $2.17B | $2.92B | $3.30B | $2.78B | $3.32B | $2.98B | $3.68B | $2.81B |
| Investing Activities | ||||||||
| Capital Expenditures | $539.9M | $625.3M | $774.1M | $689.5M | $568.7M | $530.8M | $460.8M | $537.6M |
| Business Acquisitions | $0 | $1.42B | $451.9M | $251.5M | $1.20B | $0 | $0 | $0 |
| Net Cash from Investing Activities | $1.26B | $-1.79B | $-1.20B | $-346.4M | $-1.69B | $-512.8M | $-486.2M | $-556.5M |
| Financing Activities | ||||||||
| Dividends Paid | $1.32B | $1.34B | $1.36B | $1.29B | $1.24B | $1.25B | $1.20B | $1.18B |
| Stock Repurchases | $500.3M | $1.20B | $2.00B | $1.40B | $876.8M | $301.4M | $3.4M | $1.1M |
| Net Cash from Financing Activities | $-3.32B | $-1.18B | $-2.27B | $-2.40B | $-2.50B | $-2.72B | $-1.94B | $-2.18B |
| Net Change in Cash | $127.8M | $-54.1M | $-167.5M | $16.1M | $-935.8M | $-172.6M | $1.23B | $51.0M |
| Free Cash Flow | $1.63B | $2.29B | $2.53B | $2.09B | $2.75B | $2.45B | $3.22B | $2.27B |