General Mills (GIS) FY2022 results: revenue $19.0 billion, up 4.8% on the year
General Mills Inc. (GIS) reported revenue of $19.0 billion for fiscal 2022, the year ended 29 May 2022, up 4.8% on the year before. Net income was $2.7 billion, up 15.7%, and diluted earnings per share $4.42. The figures are the company's own, from the 10-K it filed with the SEC on 30 June 2022.
Revenue
$19.0 billion
+4.8% on the year
FY2015FY2022
Operating margin
18.3%
17.3% a year earlier
FY2015FY2022
Net income
$2.7 billion
+15.7% on the year
FY2015FY2022
Diluted EPS
$4.42
+16.9% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ 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
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
3,316
2,983
3,676
+11.2%
Capital expenditure
569
531
461
+7.1%
Free cash flow
2,747
2,452
3,215
+12.0%
Free cash flow margin
14.5%
13.5%
18.2%
Cash from investing
-1,691
-513
-486
Cash from financing
-2,503
-2,716
-1,942
Depreciation and amortisation
570
601
595
-5.2%
Share-based compensation
98.7
89.9
94.9
+9.8%
Buybacks
877
301
3.4
+190.9%
Dividends paid
1,244
1,246
1,196
-0.2%
Dividend per share
$2.04
$2.02
$1.96
+1.0%
Diluted shares, weighted
613m
619m
613m
-1.0%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
10,542
9,470
8,058
+11.3%
Non-controlling interest
246
303
291
-18.9%
Debt
11,620
12,612
13,540
-7.9%
Operating lease liabilities
248
283
277
-12.3%
Other liabilities
8,433
9,174
8,641
-8.1%
Total liabilities and equity
31,090
31,842
30,807
-2.4%
Fixed assets
3,394
3,607
3,581
-5.9%
Goodwill
14,378
14,062
13,923
+2.2%
Intangible assets
7,000
7,151
7,096
-2.1%
Securities held for sale or to maturity
2.3
76.9
56.7
-97.0%
Cash and equivalents
569
1,505
1,678
-62.2%
Receivables
1,692
1,638
1,615
+3.3%
Inventory
1,867
1,820
1,426
+2.6%
Other assets
2,187
1,981
1,431
+10.4%
Total assets
31,090
31,842
30,807
-2.4%
10-K for the year ended 29 May 2022, filed 30 June 2022: the filing.