General Mills Inc.
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $15.74B | $15.62B | $16.56B | $17.63B | $17.91B | $17.77B | $16.66B | $14.88B |
| U.S. Retail | — | — | — | — | $10.61B | $10.62B | $10.48B | — |
| International | — | — | — | — | $5.39B | $5.20B | $4.19B | — |
| Convenience Stores and Foodservice | — | $1.87B | $1.92B | $2.00B | $1.92B | $1.96B | $1.98B | — |
| North America Retail | — | $10.20B | $10.94B | $11.61B | — | — | — | — |
| Europe & Australia | — | $1.83B | $2.00B | $2.13B | — | — | — | — |
| Asia & Latin America | — | $1.73B | $1.71B | $1.90B | — | — | — | — |
| Cost of Revenue | $10.30B | $10.05B | $10.73B | $11.68B | $11.54B | $11.35B | $10.61B | $8.93B |
| Gross Profit | $5.44B | $5.57B | $5.83B | $5.95B | $6.37B | $6.42B | $6.04B | $5.95B |
| Gross Margin | 34.5% | 35.6% | 35.2% | 33.7% | 35.6% | 36.1% | 36.3% | 40.0% |
| Operating Expenses | ||||||||
| Research & Development | $219.1M | $218.2M | $222.1M | $229.4M | $243.6M | $237.9M | $245.4M | $235.0M |
| SG&A Expense | $2.85B | $2.89B | $3.12B | $3.33B | $3.47B | $3.55B | $3.38B | $3.19B |
| Operating Income | $2.42B | $2.49B | $2.71B | $2.08B | $2.96B | $2.85B | $2.56B | $2.77B |
| Operating Margin | 15.4% | 16.0% | 16.3% | 11.8% | 16.5% | 16.0% | 15.4% | 18.6% |
| Interest Expense | $373.7M | $295.1M | $303.8M | $315.4M | $302.4M | $316.9M | $351.9M | $346.3M |
| Pretax Income | $2.14B | $2.27B | $2.40B | $1.76B | $2.66B | $2.53B | $2.21B | $2.43B |
| Income Tax Expense | $57.3M | $655.2M | $755.2M | $586.8M | $883.3M | $741.2M | $709.6M | $721.1M |
| Net Income | $2.13B | $1.66B | $1.70B | $1.22B | $1.82B | $1.86B | $1.57B | $1.80B |
| Net Margin | 13.5% | 10.6% | 10.2% | 6.9% | 10.2% | 10.4% | 9.4% | 12.1% |
| EPS (Basic) | $3.69 | $2.82 | $2.83 | $2.02 | $2.90 | $2.86 | $2.42 | $2.80 |
| EPS (Diluted) | $3.64 | $2.77 | $2.77 | $1.97 | $2.83 | $2.79 | $2.35 | $2.70 |
| Shares Outstanding (Basic) | 576.8M | 587.1M | 598.9M | 603.3M | 628.6M | 648.6M | 648.1M | 642.7M |
| Shares Outstanding (Diluted) | 585.7M | 598.0M | 611.9M | 618.8M | 645.7M | 665.6M | 666.7M | 664.8M |
| Dividends Per Share | $1.96 | $1.92 | $1.78 | $1.67 | $1.17 | $1.70 | $1.22 | $1.12 |