9
Consolidated Statements of Cash Flows
GENERAL MILLS, INC. AND SUBSIDIARIES
(Unaudited) (In Millions)
Nine-Month Period Ended
Feb. 23, 2025
Feb. 25, 2024
Cash Flows - Operating Activities
Net earnings, including earnings attributable to noncontrolling interests
$
2,016.9
$
1,958.9
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization
403.4
412.2
After-tax earnings from joint ventures
(63.6)
(65.7)
Distributions of earnings from joint ventures
30.9
31.4
Stock-based compensation
67.1
76.7
Deferred income taxes
(13.5)
(85.5)
Pension and other postretirement benefit plan contributions
(23.0)
(20.0)
Pension and other postretirement benefit plan costs
(9.9)
(20.2)
Divestiture gain
(95.9)
-
Restructuring, impairment, and other exit (recoveries) costs
(3.4)
119.7
Changes in current assets and liabilities, excluding the effects of
acquisitions and divestitures
55.8
(9.6)
Other, net
(58.2)
41.0
Net cash provided by operating activities
2,306.6
2,438.9
Cash Flows - Investing Activities
Purchases of land, buildings, and equipment
(405.1)
(485.6)
Acquisition, net of cash acquired
(1,417.3)
(25.5)
Proceeds from divestiture
241.8
-
Investments in affiliates, net
6.6
(1.5)
Proceeds from disposal of land, buildings, and equipment
1.0
0.2
Other, net
(5.6)
4.8
Net cash used by investing activities
(1,578.6)
(507.6)
Cash Flows - Financing Activities
Change in notes payable
397.0
654.5
Issuance of long-term debt
1,500.0
1,000.0
Payment of long-term debt
(500.0)
(900.0)
Proceeds from common stock issued on exercised options
38.4
11.1
Purchases of common stock for treasury
(901.9)
(1,601.6)
Dividends paid
(1,008.4)
(1,028.0)
Distributions to noncontrolling interest holders
(17.3)
(16.6)
Other, net
(117.5)
(47.0)
Net cash used by financing activities
(609.7)
(1,927.6)
Effect of exchange rate changes on cash and cash equivalents
(15.0)
(0.6)
Increase in cash and cash equivalents
103.3
3.1
Cash and cash equivalents - beginning of year
418.0
585.5
Cash and cash equivalents - end of period
$
521.3
$
588.6
Cash Flows from changes in current assets and liabilities, excluding
the effects of
acquisitions and divestitures:
Receivables
$
(95.7)
$
(83.8)
Inventories
59.5
347.8
Prepaid expenses and other current assets
139.6
269.4
Accounts payable
(136.7)
(543.7)
Other current liabilities
89.1
0.7
Changes in current assets and liabilities The accompanying Consolidated Financial Statements of General Mills, Inc. (we, us, our, General Mills, or the Company) have been
$
55.8
$
(9.6)
See accompanying notes to consolidated financial statements.
エドガーで原本を確認する