Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $15.6B | $15.7B | $16.9B | $17.6B | $18.1B | $19.0B | $20.1B | $19.9B | $19.5B | $18.4B |
| Revenue growth | — | 0.8% | 7.1% | 4.5% | 2.8% | 4.8% | 5.8% | -1.2% | -1.9% | -5.4% |
| Operating income | $2.49B | $2.42B | $2.52B | $2.95B | $3.14B | $3.48B | $3.43B | $3.43B | $3.30B | $886M |
| Operating margin | 16.0% | 15.4% | 14.9% | 16.8% | 17.3% | 18.3% | 17.1% | 17.3% | 17.0% | 4.8% |
| Net income | $1.66B | $2.13B | $1.75B | $2.18B | $2.34B | $2.71B | $2.59B | $2.50B | $2.30B | -$87.6M |
| Net margin | 10.6% | 13.5% | 10.4% | 12.4% | 12.9% | 14.3% | 12.9% | 12.6% | 11.8% | -0.5% |
| EPS (diluted) | $2.77 | $3.64 | $2.90 | $3.56 | $3.78 | $4.42 | $4.31 | $4.31 | $4.10 | -$0.16 |
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.42B | $2.84B | $2.81B | $3.68B | $2.98B | $3.32B | $2.78B | $3.30B | $2.92B | $2.17B |
| Capital expenditures | $684M | $623M | $538M | $461M | $531M | $569M | $690M | $774M | $625M | $540M |
| Free cash flow | $1.73B | $2.22B | $2.27B | $3.22B | $2.45B | $2.75B | $2.09B | $2.53B | $2.29B | $1.63B |
| Share buybacks | $1.65B | $602M | $1.10M | $3.40M | $301M | $877M | $1.40B | $2.00B | $1.20B | $500M |
| Dividends paid | $1.14B | $1.14B | $1.18B | $1.20B | $1.25B | $1.24B | $1.29B | $1.36B | $1.34B | $1.32B |
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $766M | $399M | $450M | $1.68B | $1.51B | $569M | $586M | $418M | $364M | $454M |
| Total assets | $21.8B | $30.6B | $30.1B | $30.8B | $31.8B | $31.1B | $31.5B | $31.5B | $33.1B | $30.0B |
| Total liabilities | $16.2B | $23.4B | $22.2B | $21.9B | $21.5B | $20.3B | $20.8B | $21.8B | $23.9B | $22.6B |
| Long-term debt | — | — | — | — | — | — | — | — | $12.7B | $12.4B |
| Shareholders' equity | $4.33B | $6.14B | $7.05B | $8.06B | $9.47B | $10.5B | $10.4B | $9.40B | $9.20B | $7.37B |
| Retained earnings | $13.1B | $14.5B | $15.0B | $16.0B | $17.1B | $18.5B | $19.8B | $21.0B | $21.9B | $20.5B |
| Shares (wtd avg diluted) | 598M | 586M | 605M | 613M | 619M | 613M | 601M | 580M | 558M | 538M |
Every figure is extracted from GENERAL MILLS INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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