Operating
General Mills·Cash Flow Statement·29 metrics
Breakdown
| Metric | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | $863.7M | $624.2M | $1.2B | $531.9M | $611.6M | $397M | $819.3M | $397.9M |
| Change in accounts payable | — | -$76.4M | $342.8M | -$403.1M | $223.4M | -$252.5M | — | -$332.2M |
| Accounts payable | — | -$76.4M | $342.8M | -$403.1M | $223.4M | -$252.5M | — | -$332.2M |
| Net income | $557.5M | $579.9M | $795.7M | $625.6M | $294M | $1.2B | $414.3M | $305.5M |
| Change in inventories | — | $95.7M | $73.8M | -$229M | $78M | $135.2M | $7.8M | -$283.6M |
| Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity, Increase (Decrease) in Operating Capital | -$20.2M | $107.6M | -$279.9M | — | -$136.6M | -$58.8M | — | $184.5M |
| Depreciation and amortization | $140.5M | $139.6M | $129.5M | $134.3M | $135.6M | $138.7M | $138M | $139.4M |
| Deferred income taxes | — | $16.2M | -$27.7M | -$2M | -$107.4M | $10M | $41.6M | $87.8M |
| Change in other assets | — | -$59.7M | -$23.7M | -$56.2M | — | -$36.6M | — | $44M |
| Increase (Decrease) in Prepaid Expense and Other Assets | — | -$59.7M | -$23.7M | -$56.2M | — | -$36.6M | — | $44M |
| Stock-based compensation | $18.6M | $20.3M | $26.3M | $20.5M | $24.6M | $15.1M | $24.2M | $26.3M |
| Impairment charges | $103.1M | — | $0 | $0 | — | $0 | $96.8M | $12.3M |
| Restructuring charges, net of cash paid (Note 15) | $103.8M | $200K | -$1.1M | -$2.5M | $77.7M | -$2.7M | $99.5M | $12.3M |
| Other working capital changes | $900K | -$21.3M | -$17.7M | -$19.2M | — | $19.3M | $60.6M | $9M |
| Payment for Pension and Other Postretirement Benefits | $10.1M | $7.5M | $7.7M | $7.8M | $7.8M | $5.2M | $7.8M | $8.3M |
| Pension contributions | $10.1M | $7.5M | $7.7M | $7.8M | $7.8M | $5.2M | $7.8M | $8.3M |
| Pension and postretirement benefit expense | -$6.8M | -$3.2M | -$3.3M | -$3.4M | -$2.8M | -$6.7M | -$7M | -$6.7M |
| Net gains (losses) on investments | — | $19.2M | $30M | $14.4M | — | $6.8M | -$59.6M | -$6.1M |
| Equity in earnings (losses) of equity method investees | $19.1M | $19.2M | $30M | $14.4M | — | $6.8M | -$59.6M | -$6.1M |
| Distributions from equity method investments | $19M | $23.1M | $0 | $7.8M | $13.7M | $26.9M | — | $6M |
| Distributions of earnings from equity method investees | $19M | $23.1M | $0 | $7.8M | $13.7M | $26.9M | — | $6M |
| Gain (loss) on sale of assets | $0 | $0 | $0 | $95.9M | $0 | $1.1B | $0 | -$5M |
| Gain on sale of business and assets | $0 | $0 | $0 | $95.9M | $0 | $1.1B | $0 | -$5M |
| Change in accounts receivable | — | $145.6M | — | — | — | -$900K | $94.6M | — |
| Change in other liabilities | -$191.7M | $150.4M | — | — | $33.3M | $409M | — | — |
| Unrealized gain (loss) on debt and equity securities, net | $1.1M | $1.2M | $1.2M | $1.2M | $1.2M | — | — | — |
| Unrealized loss on equity security | $0 | $0 | $0 | $0 | $0 | — | — | — |
| Current liabilities | -$191.7M | $150.4M | — | — | $33.3M | $409M | — | — |
| Non-cash operating lease expense | $32.2M | $36.4M | $36.4M | $36.4M | $36.4M | — | — | — |