General Mills Inc.

GIS ·Consumer Defensive, Packaged Foods, United States
Financial Statements Income Statement
Annual Quarterly

Income Statement

Line Item FY2010 FY2009 FY2008
Revenue $14.64B $14.56B $13.65B
U.S. Retail
International
Convenience Stores and Foodservice
North America Retail
Europe & Australia
Asia & Latin America
Cost of Revenue $8.84B $9.38B $8.78B
Gross Profit $5.80B $5.17B $4.87B
Gross Margin 39.6% 35.6% 35.7%
Operating Expenses
Research & Development $218.3M $208.2M
SG&A Expense $3.16B $2.89B $2.62B
Operating Income $2.61B $2.33B $2.23B
Operating Margin 17.8% 16.0% 16.3%
Interest Expense $401.6M $382.8M $399.7M
Pretax Income $2.20B $1.94B $1.83B
Income Tax Expense $771.2M $720.4M $622.2M
Net Income $1.53B $1.30B $1.29B
Net Margin 10.5% 9.0% 9.5%
EPS (Basic) $2.32 $1.96 $1.93
EPS (Diluted) $2.24 $1.90 $1.85
Shares Outstanding (Basic) 659.6M 663.7M
Shares Outstanding (Diluted) 683.3M 687.1M
Dividends Per Share $0.96 $0.86 $0.78
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