General Mills (GIS) Financials

General Mills (NYSE: GIS) has demonstrated relatively stable revenue and profitability over the past several years, with some fluctuations in earnings and cash flow metrics. The following key trends were identified from its most recent four years of quarterly financial data through Q4 2025:

• Operating revenue held steady around $4.5-$5.2 billion per quarter in recent years, indicating consistent demand.
• Net income attributable to common shareholders remained positive each quarter, typically ranging from about $290 million to $825 million, demonstrating ongoing profitability.
• Cash from operating activities generally remained strong, often exceeding $600 million per quarter, supporting the firm's operations and investments.
• General Mills has consistently invested in property, plant & equipment (capex between approximately $90 million and $338 million quarterly), showing commitment to maintaining and growing production capacity.
• The company regularly returns cash to shareholders through dividends (rising from $0.51 per share in early 2022 to over $2.40 per share by mid-2025), signaling financial strength and shareholder-friendly policies.
• Earnings per share fluctuated but generally showed moderate growth with some quarters above $1.00 per diluted share, reflecting modest earnings growth despite some volatility.
• Total assets remained relatively stable around $31-$33 billion, with total common equity showing slight variances but trending healthy near $9-$10 billion, supporting a solid financial base.
• The company’s long-term debt rose from about $8.6 billion in 2022 to over $11.8 billion in early 2025, indicating higher leverage, which may increase financial risk but also suggests capital raising for growth or refinancing.
• Interest expense increased over time from about $86 million per quarter in 2022 to nearly $140 million in 2025, putting pressure on net income through higher financing costs.
• Net cash flow from financing activities consistently showed significant outflows, primarily due to debt repayments, share repurchases, and dividend payments, which reduces available cash balances (e.g., a net change in cash and equivalents was negative in recent quarters).

Summary: General Mills has maintained steady revenues and profitability with consistent dividend payments and capital expenditures. However, rising debt levels and interest expenses suggest higher leverage and associated costs. While operational cash flow remains strong, ongoing financing cash outflows reflect shareholder returns and debt management. Investors should watch leverage trends and interest expense growth, balanced against the company’s stable income and cash generation capabilities.