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General Mills, Incorporated (GIS)

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Kendall J. Powell , Director/CEO/Chairman of the Board/COO/President

www.generalmills.com

Industry: Food and Beverage

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Financials

Overview

The Company is a manufacturer and marketer of branded consumer foods sold through retail stores. It also supplies branded and unbranded food products to the foodservice and commercial baking industries.

Portfolio Articles

Heroes and Zeros in Corporate America
Which company has the best reputation; which the worst? Depends on who's asking.
Jun 23 2008
Cheeri-o

Jun 28 2007
Uh, Oh. Cheerios.
Pressured by growing commodity costs, General Mills reports flat earnings.
Jun 28 2007
Seeking Direction Amid Anxiety

Battered by bad news last week, Wall Street looks to Bernanke and the Fed, and prepares for a wild ride.

Jun 25 2007

See more news on this company

News Feeds

Fitch upgrades rating outlook on General Mills AP
Aug 25 2008
Ahead of the Bell: Diamond Foods AP
Aug 14 2008
Retired General Mills CEO Sanger paid $13.8M AP
Aug 13 2008
Diamond Foods buys Pop Secret for $190 million AP
Aug 13 2008
General Mills spent $243K lobbying gov't in 2Q AP
Aug 07 2008

Portfolio Blogs

Business 2008: The Year of the Lumpy
May 14 2008
Up To Our Ears in Corn
Jun 29 2007

Press Releases

General Mills Partners With the National Council of Negro Women to Celebrate Service Champions Sep-03-2008, 10:00AM EDT
Wheaties Honors Newest American Champions Nastia Liukin and Bryan Clay Aug-28-2008, 03:15AM EDT
General Mills Announces Three September Web Casts Aug-26-2008, 04:48PM EDT
Fitch Affirms General Mills' IDR at 'BBB+'; Outlook Revised to Stable Aug-25-2008, 03:10PM EDT
General Mills to Sell Pop Secret Popcorn Business to Diamond Foods Aug-13-2008, 04:04PM EDT

News From Around the Web

News

General Mills Tests Resistance (RTTNews)

Sep 04 2008
Nolensville: Broken Wheel Festival makes its return Saturday (Nashville Tennessean)

Sep 04 2008
Spartan Stores, General Mills Team to Push Healthy-Heart Habits (Progressive Grocer)

Sep 04 2008
From the Files: May 10 (Winona Daily News)

Sep 04 2008
General Mills Partners With the National Council of Negro Women to... (MSN Money)

Sep 03 2008
Soleil Securities Initiates Coverage on General Mills (GIS) with a Buy (StreetInsider)

Sep 03 2008
Sampling Event for Chocolate Turtle Chex Mix Targets 'Busy Moms' Via 500 Meal Assembly Kitchens Nationwide (Yahoo! News)

Sep 03 2008
Kellogg lands Olympic swimmer Michael Phelps for cereal box gig (Reality TV World)

Sep 02 2008
Grocers Back BTS Box Tops for Education Promo (Progressive Grocer)

Sep 01 2008

Employees

Number of Employees: 29,500

Revenue per Employee: $452,295

Top Executives

Christopher D. O'Leary, COO, Divisional/Executive VP

Donal L. Mulligan, CFO/Executive VP

Christina L. Shea, Subsidiary President/Divisional Senior VP

Richard O. Lund, Vice President/Controller

Siri S. Marshall, Senior VP/Secretary/General Counsel/Other Executive Officer

Roderick A. Palmore, Executive VP/General Counsel/Other Executive Officer/Secretary

Michael A. Peel, Executive VP, Divisional

Ian R. Friendly, COO, Divisional/Executive VP

Jeffrey J. Rotsch, Divisional Executive VP

Y. Marc Belton, Divisional Executive VP

Board of Directors

William T. Esrey, Director

Stephen W. Sanger, Chairman of the Board/Director

Roderick A. Palmore, Executive VP/General Counsel/Other Executive Officer/Secretary

Steve Odland, Director

Michael D. Rose, Director

Bradbury H. Anderson, Director

Dr.Michael Spence, Ph.D., Director

Robert L. Ryan, Director

Hilda Ochoa-Brillembourg, Director

Siri S. Marshall, Senior VP/Secretary/General Counsel/Other Executive Officer

Dorothy A. Terrell, Director

Raymond V. Gilmartin, Director

Judith Richards Hope, Director

Paul Danos, Director

Heidi G. Miller, Director

Lois E. Quam, Director

Financials

Quarterly

Annual

Income Statement	06/2008	03/2008	12/2007	06/2007
Sales	2.33 Bil.	1.94 Bil.	1.81 Bil.	1.88 Bil.
Gross Operating Profit	1.14 Bil.	1.47 Bil.	1.26 Bil.	1.18 Bil.
Operating Income before D & A (EBITDA)	444.4 Mil.	813.5 Mil.	632.8 Mil.	552 Mil.
Total Income Before Interest Expenses (EBIT)	366.3 Mil.	732.2 Mil.	538.2 Mil.	434 Mil.
Total Net Income	185.2 Mil.	430.1 Mil.	288.9 Mil.	224 Mil.
Basic EPS, Total	0.55	1.28	0.85	0.65
Diluted EPS, Total	0.53	1.23	0.81	0.63

BALANCE STATEMENT	06/2008	03/2008	12/2007	06/2007
Cash and Equivalents	661 Mil.	620.4 Mil.	410.2 Mil.	417 Mil.
Total Assets	3.62 Bil.	3.96 Bil.	3.48 Bil.	3.05 Bil.
Total Liabilities	4.86 Bil.	6.14 Bil.	7.51 Bil.	5.84 Bil.
Total Capitalization	10.56 Bil.	9.53 Bil.	7.46 Bil.	8.54 Bil.

Cash Flow	06/2008	03/2008	12/2007	06/2007
Net Cash From Continuing Operations	1.73 Bil.	913.9 Mil.	20.4 Mil.	1.76 Bil.
Net Cash From Investing Activities	-442.4 Mil.	-294 Mil.	-51.1 Mil.	-597 Mil.
Net Cash From Financing Activities	-1.09 Bil.	-446.9 Mil.	23.8 Mil.	-1.4 Bil.
Net Change in Cash & Cash Equivalents	243.9 Mil.	203.3 Mil.	-6.9 Mil.	-230 Mil.

Income Statement	2008	2007	2006	2005
Sales	8.32 Bil.	7.54 Bil.	6.54 Bil.	6.39 Bil.
Gross Operating Profit	5.33 Bil.	4.9 Bil.	5.1 Bil.	4.85 Bil.
Operating Income before D & A (EBITDA)	2.71 Bil.	2.52 Bil.	2.42 Bil.	2.44 Bil.
Total Income Before Interest Expenses (EBIT)	2.34 Bil.	2.16 Bil.	2.06 Bil.	2.39 Bil.
Total Net Income	1.29 Bil.	1.14 Bil.	1.09 Bil.	1.24 Bil.
Basic EPS, Total	3.86	3.3	3.05	3.34
Diluted EPS, Total	3.71	3.18	2.9	3.08

BALANCE STATEMENT	2008	2007	2006	2005
Cash and Equivalents	661 Mil.	417 Mil.	647 Mil.	573 Mil.
Total Assets	3.62 Bil.	3.05 Bil.	3.18 Bil.	3.06 Bil.
Total Liabilities	4.86 Bil.	5.84 Bil.	6.14 Bil.	4.18 Bil.
Total Capitalization	10.56 Bil.	8.54 Bil.	8.19 Bil.	9.93 Bil.

Cash Flow	2008	2007	2006	2005
Net Cash From Continuing Operations	1.73 Bil.	1.76 Bil.	1.77 Bil.	1.71 Bil.
Net Cash From Investing Activities	-442.4 Mil.	-597 Mil.	-292 Mil.	496 Mil.
Net Cash From Financing Activities	-1.09 Bil.	-1.4 Bil.	-1.4 Bil.	-2.38 Bil.
Net Change in Cash & Cash Equivalents	243.9 Mil.	-230 Mil.	74 Mil.	-178 Mil.

General Mills, Incorporated (GIS)

Company Information

Overview

Employees

Top Executives

Board of Directors

Financials

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