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    Pillsbury Analysis

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    ivana
    General Mills reported net sales of $11.64 billion in 2006, up 3.52% from 2005. Total costs and expenses were $10.07 billion, an increase of 6.83% driven by higher costs of sales and selling expenses. This resulted in earnings before taxes of $1.57 billion, down 13.66% from the previous year. After accounting for taxes and earnings from joint ventures, net earnings were $1.09 billion in 2006.

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    Pillsbury Analysis

    Uploaded by

    ivana
    33 views1 page
    General Mills reported net sales of $11.64 billion in 2006, up 3.52% from 2005. Total costs and expenses were $10.07 billion, an increase of 6.83% driven by higher costs of sales and selling expenses. This resulted in earnings before taxes of $1.57 billion, down 13.66% from the previous year. After accounting for taxes and earnings from joint ventures, net earnings were $1.09 billion in 2006.

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    Pillsbury income statement analysis

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    General Mills reported net sales of $11.64 billion in 2006, up 3.52% from 2005. Total costs and expenses were $10.07 billion, an increase of 6.83% driven by higher costs of sales and selling expenses. This resulted in earnings before taxes of $1.57 billion, down 13.66% from the previous year. After accounting for taxes and earnings from joint ventures, net earnings were $1.09 billion in 2006.

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    33 views1 page

    Pillsbury Analysis

    Uploaded by

    ivana
    General Mills reported net sales of $11.64 billion in 2006, up 3.52% from 2005. Total costs and expenses were $10.07 billion, an increase of 6.83% driven by higher costs of sales and selling expenses. This resulted in earnings before taxes of $1.57 billion, down 13.66% from the previous year. After accounting for taxes and earnings from joint ventures, net earnings were $1.09 billion in 2006.

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    © All Rights Reserved
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    Download as xls, pdf, or txt
    of 1

    General Mills Consolidated Statement of Earnings

    in Millions

    2006

    Net Sales
    Costs and Expenses

    Change

    11,640.00

    Cost of Sales
    Selling, General and Administrative

    $
    $

    Interest, net
    Restructuring and other exit costs
    Divestitures (gain)

    $
    $
    $

    Debt repurchase costs


    Total Costs and Expenses

    2005

    Change

    3.52% $

    11,244.00

    6,966.00
    2,678.00

    1.93% $
    10.75% $

    6,834.00
    2,418.00

    399.00
    30.00
    -

    -12.31% $
    $
    $

    $
    $

    10,073.00

    $
    6.83% $

    Earnings Before Income Taxes


    Income Taxes

    $
    $

    1,567.00
    541.00

    After Tax Earnings from Joint Ventures

    64.00

    1,090.00

    Net Earnings

    2004
    1.57% $

    11,070.00

    3.80% $
    -1.02% $

    6,584.00
    2,443.00

    -10.43% $
    $
    $

    508.00
    26.00
    -

    137.00
    9,429.00

    $
    -1.38% $

    9,561.00

    -13.66% $
    $

    1,815.00
    664.00

    20.28% $
    $

    1,509.00
    528.00

    89.00

    74.00

    -12.10% $

    1,240.00

    17.54% $

    1,055.00

    455.00
    84.00
    (499.00)

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