Current Liabilities
Income Taxes Payable
General Mills Income Taxes Payable increased by 24.4% to $102.10M in Q1 2025 compared to the prior quarter. Over 3 years (FY 2022 to FY 2025), Income Taxes Payable shows an upward trend with a 48.1% CAGR.
Analysis
StatementBalance Sheet Statement
SectionCurrent Liabilities
CategoryRisk
SignalContext dependent
VolatilityModerate
First reportedQ4 2022
Last reportedQ4 2025Jun 26, 2025
How to read this metric
An increase often reflects higher taxable income, while a decrease may indicate tax payments made or lower taxable earnings.
Detailed definition
This represents the current portion of income tax obligations owed to various government taxing authorities based on tax...
Peer comparison
Common across all profitable corporations, varying based on effective tax rates and jurisdictional tax laws.
Metric ID:
income_taxes_payableHistorical Data
4 periods
| Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|
| Value | $31.40M | $80.90M | $82.10M | $102.10M |
| QoQ Change | — | +157.6% | +1.5% | +24.4% |
| YoY Change | — | +157.6% | +1.5% | +24.4% |
Range$31.40M – $102.10M
Avg YoY Growth+61.2%
Median YoY Growth+24.4%
Current Streak3+ quarters growth
Income Taxes Payable at Other Companies
Frequently Asked Questions
- What is General Mills's income taxes payable?
- General Mills (GIS) reported income taxes payable of $102.10M in Q1 2025.
- What is the long-term trend for General Mills's income taxes payable?
- Over 3 years (2022 to 2025), General Mills's income taxes payable has grown at a 48.1% compound annual growth rate (CAGR), from $31.40M to $102.10M.
- What does income taxes payable mean?
- The amount of income tax the company owes to government authorities for the current period.