General Mills, Inc. (GIS) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 |
|---|
| Cash from Operations | 552M | 397.9M | 819.3M | 397M | 611.6M | 531.9M | 1.15B | 624.2M | 863.7M | 943.1M | 1.12B | 378.1M | 751.6M | 826.3M | 811.9M | 388.8M | 1.09B | 730.3M | 1.13B | 369.8M |
| Operating CF Margin % | 11.97% | 8.97% | 16.86% | 8.79% | 13.42% | 10.98% | 21.96% | 12.88% | 18.32% | 18.5% | 21.75% | 7.71% | 14.94% | 16.12% | 15.55% | 8.24% | 22.24% | 16.09% | 22.45% | 8.15% |
| Operating CF Growth % | -9.74% | -25.19% | -28.79% | -36.4% | -29.19% | -43.6% | 2.93% | 65.09% | 14.91% | 14.14% | 37.66% | -2.75% | -30.92% | 13.15% | -28.02% | 5.14% | 40.33% | -6.5% | 33.78% | -36.63% |
| Net Income | -2.01B | 303.1M | 414.3M | 1.2B | 302M | 631M | 802.3M | 583.6M | 559.7M | 676.3M | 602.3M | 680.3M | 620.1M | 557.9M | 608.3M | 823.3M | 825.8M | 662.6M | 608.4M | 638.2M |
| Depreciation & Amortization | 139.1M | 139.4M | 138M | 138.7M | 135.6M | 134.3M | 129.5M | 139.6M | 140.5M | 146.4M | 128.6M | 137.2M | 135.6M | 137.1M | 139.6M | 134.3M | 139.7M | 143.7M | 141.1M | 145.8M |
| Stock-Based Compensation | 40.1M | 0 | 24.2M | 15.1M | 24.6M | 20.5M | 26.3M | 20.3M | 18.6M | 18.2M | 23.2M | 35.3M | 25M | 29.1M | 24.1M | 33.5M | 18.4M | 32.4M | 21.1M | 26.8M |
| Deferred Taxes | 63.8M | 87.8M | 41.6M | 10M | -107.4M | -2M | -27.7M | 16.2M | 37M | -26.8M | -44.2M | -14.5M | 49M | -23.1M | -57.3M | 9.2M | -19.1M | 24.9M | 36.8M | 19.6M |
| Other Non-Cash Items | 2.67B | 43.1M | 204.9M | -1.03B | 120.2M | -135.4M | -59.8M | -27.9M | 87.7M | -27.5M | 116.5M | -2.8M | -7.9M | 39.6M | -48.1M | -401.8M | -62.7M | -313.5M | 19.8M | -71.1M |
| Working Capital Changes | -357.9M | -175.5M | -3.7M | 58.8M | 136.6M | -116.5M | 279.9M | -107.6M | 20.2M | 156.5M | 291.3M | -457.4M | -70.2M | 85.7M | 145.3M | -209.7M | 185.9M | 180.2M | 300.8M | -389.5M |
| Change in Receivables | 56.2M | 50.4M | -94.6M | 900K | 16.7M | 13.6M | 36.3M | -145.6M | 82M | -14.6M | 35.2M | -104.4M | 91.2M | 68.4M | -109.7M | -91.1M | 48.2M | 22.8M | -92M | -145.3M |
| Change in Inventory | -222.8M | 283.6M | -7.8M | -135.2M | -78M | 229M | -73.8M | -95.7M | -60.2M | 334M | 68.1M | -54.3M | -82M | 41.5M | -35.2M | -243.3M | -188.3M | 93.3M | 125.3M | -116.1M |
| Change in Payables | 164.2M | -332.2M | 234.3M | -252.5M | 223.4M | -403.1M | 342.8M | -76.4M | 292.5M | -214.6M | 114.7M | -443.8M | 241.4M | -154.1M | 242.9M | -130.4M | 470.7M | 14.4M | 186.5M | -214.9M |
| Cash from Investing | -174.7M | -106M | -155.9M | 1.69B | -216.3M | -1.27B | -157.9M | -148M | -689.8M | -191.4M | -180.7M | -135.5M | -340.3M | -131.2M | -140.7M | 265.8M | -228.9M | -65.8M | -98.1M | -1.3B |
| Capital Expenditures | -184.4M | -102.4M | -143.6M | -109.5M | -220.2M | -103.9M | -160.9M | -140.3M | -288.5M | -191.7M | -152.2M | -141.7M | -338.2M | -124.6M | -135.8M | -90.9M | -218.1M | -126.3M | -120.3M | -104M |
| CapEx % of Revenue | 4% | 2.31% | 2.95% | 2.42% | 4.83% | 2.15% | 3.07% | 2.89% | 6.12% | 3.76% | 2.96% | 2.89% | 6.72% | 2.43% | 2.6% | 1.93% | 4.46% | 2.78% | 2.39% | 2.29% |
| Acquisitions | -1.84B | 29.6M | 6.3M | 1.8B | 4.7M | -1.17B | 6.6M | -7.1M | -427.6M | 100K | -27M | 0 | -1.4M | -7M | -800K | 358.6M | 13.3M | 68.7M | -900K | -1.19B |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 1.83B | 13.7M | -18.6M | 900K | -800K | -1M | -3.6M | -600K | 26.3M | 200K | -1.5M | 6.2M | -700K | 400K | -4.1M | -1.9M | -24.1M | -8.2M | 23.1M | -1M |
| Cash from Financing | -670.6M | -210.2M | -927M | -1.51B | -570.4M | -1.03B | 851.5M | -429.4M | -344.7M | -754M | -839.4M | -334.2M | -448.5M | -725.1M | -621.4M | -609.1M | -1.11B | -970.3M | -622.2M | 195M |
| Debt Issued (Net) | -306.9M | 121.7M | -585.7M | -654.8M | 325M | -357.3M | 1.52B | 238M | 388.7M | -112.4M | 315.1M | 551.8M | 72.4M | -192.4M | 65.4M | 188M | -314.3M | -439M | -101.3M | 668.8M |
| Equity Issued (Net) | 100K | -100K | 0 | -499.8M | -301M | -296.9M | -276M | -290.6M | -400.8M | -294.8M | -800.9M | -496M | -251.3M | -201.5M | -400.5M | -435.3M | -326.3M | -175.5M | -224.9M | -150.1M |
| Dividends Paid | -328.1M | -328.4M | -327.9M | -330.9M | -330.3M | -332.6M | -338M | -337.8M | -335.4M | -337M | -342.5M | -348.5M | -320.5M | -319.5M | -322.9M | -325M | -510.4M | -310.9M | -310.9M | -312.3M |
| Share Repurchases | 0 | -200K | -100K | -500M | -301M | -301.5M | -300.4M | -300M | -400.8M | -300.2M | -800.9M | -500.5M | -251.3M | -251M | -400.5M | -500.8M | -326.3M | -175.5M | -224.9M | -150.1M |
| Other Financing | -35.7M | -3.4M | -13.4M | -21.7M | -264.1M | -45M | -50.8M | -39M | 2.8M | -9.8M | -11.1M | -41.5M | 50.9M | -11.7M | 36.6M | -36.8M | 45.3M | -44.9M | 14.9M | -11.4M |
| Net Change in Cash | -293.8M | 102.1M | -269.5M | 589M | -157.4M | -1.77B | 1.82B | 50.1M | -170.6M | -5.2M | 102.9M | -94.6M | -33.2M | -25.4M | 49.7M | 25M | -275M | -300.3M | 390.7M | -751.2M |
| Free Cash Flow | 367.6M | 295.5M | 675.7M | 287.5M | 391.4M | 428M | 989.6M | 483.9M | 575.2M | 751.4M | 965.5M | 236.4M | 413.4M | 701.7M | 676.1M | 297.9M | 869.9M | 604M | 1.01B | 265.8M |
| FCF Margin % | 7.97% | 6.66% | 13.9% | 6.36% | 8.59% | 8.84% | 18.89% | 9.98% | 12.2% | 14.74% | 18.79% | 4.82% | 8.22% | 13.69% | 12.95% | 6.31% | 17.79% | 13.31% | 20.06% | 5.85% |
| FCF Growth % | -6.08% | -30.96% | -31.72% | -40.59% | -31.95% | -43.04% | 2.5% | 104.7% | 39.14% | 7.08% | 42.8% | -20.64% | -52.48% | 16.18% | -32.91% | 12.08% | 47.22% | -8.61% | 37.29% | -43.03% |
| FCF per Share | 0.68 | 0.54 | 1.25 | 0.53 | 0.71 | 0.77 | 1.77 | 0.86 | 1.01 | 1.31 | 1.65 | 0.40 | 0.69 | 1.17 | 1.12 | 0.49 | 1.42 | 0.99 | 1.64 | 0.43 |
| FCF Conversion (FCF/Net Income) | -0.27x | 1.31x | 1.98x | 0.33x | 2.08x | 0.85x | 1.45x | 1.08x | 1.55x | 1.41x | 1.88x | 0.56x | 1.22x | 1.49x | 1.34x | 0.47x | 1.32x | 1.11x | 1.89x | 0.59x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |