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General Mills (GIS) FY2008 results: revenue $13.5 billion

General Mills Inc. (GIS) reported revenue of $13.5 billion for fiscal 2008, the year ended 25 May 2008. Net income was $1.3 billion, and diluted earnings per share $1.85. The figures are the company's own, from the 10-K it filed with the SEC on 9 July 2010.

Revenue
$13.5 billion
FY2008FY2008
Operating margin
16.5%
FY2008FY2008
Net income
$1.3 billion
FY2008FY2008
Diluted EPS
$1.85
FY2008FY2008

this yearthe year beforeHover a bar for its figure.

The year in brief

Income statement (profit and loss)

$ millionFY2008Last 8 years
Revenue13,548
Cost of revenue8,732
Gross profit4,816
Gross margin35.5%
Selling, general and administrative2,566
Operating income2,229
Operating margin16.5%
Interest expense400
Pre-tax income1,830
Income tax622
Effective tax rate34.0%
Net income1,295
Net margin9.6%
Diluted EPS$1.85
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2008Last 8 years
Operating cash flow1,730
Capital expenditure522
Free cash flow1,208
Free cash flow margin8.9%
Cash from investing-442
Cash from financing-1,093
Depreciation and amortisation459
Share-based compensation133
Buybacks1,432
Dividends paid530
Dividend per share$0.78

Balance sheet

$ millionFY2008Last 8 years
Shareholders' equity6,459
Goodwill6,786
Intangible assets3,777
Cash and equivalents661

10-K for the year ended 25 May 2008, filed 9 July 2010: the filing.