General Mills, Inc.

(NYSE:GIS)

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Quarterly Data
Annual Data
Note: All numbers in thousands

	Aug 31, 2008	May 31, 2008	Feb 29, 2008	Nov 30, 2007
Assets
Current Assets
Cash & Equivalents	654,900	661,000	620,400	530,100
Restricted Cash	—	—	—	—
Marketable Securities	—	—	—	—
Accounts Receivable	1,166,700	1,081,600	1,148,800	1,221,800
Loans Receivable	—	—	—	—
Other Receivable	—	—	—	—
Receivables	1,166,700	1,081,600	1,148,800	1,221,800
Raw Materials	299,500	—	262,900	273,400
Work in Progress	—	—	—	—
Purchased Components	—	—	—	—
Finished Goods	1,274,000	—	1,066,600	1,129,000
Other Inventories	194,900	—	437,700	288,100
Inventories Adjustments and Allowances	-167,700	—	-131,700	-123,300
Inventories	1,600,700	1,366,800	1,635,500	1,567,200
Prepaid Expenses	403,900	510,600	496,900	449,500
Current Deferred Income Taxes	—	—	56,700	75,300
Other Current Assets	—	—	—	—
Total Current Assets	3,826,200	3,620,000	3,958,300	3,843,900
Land and Improvements	—	—	—	—
Building and Improvements	—	—	—	—
Machinery Furniture and Equipment	—	—	—	—
Construction in Progress	—	—	—	—
Other Fixed Assets	6,415,200	—	6,046,200	6,056,500
Total Fixed Assets	6,415,200	—	6,046,200	6,056,500
Gross Fixed Assets	6,415,200	3,108,100	6,046,200	6,056,500
Accumulated Depreciation and Depletion	3,363,200	—	3,082,000	3,082,000
Net Fixed Assets	3,052,000	3,108,100	2,964,200	2,974,500
Intangibles	3,745,300	3,777,200	3,758,100	3,764,300
Cost in Excess	6,792,900	6,786,100	6,749,100	6,752,400
Non Current Deferred Income Taxes	—	—	—	—
Other Non Current Assets	1,745,600	1,750,200	1,837,100	1,746,400
Total Non Current Assets	15,335,800	15,421,600	15,308,500	15,237,600
Total Assets	19,162,000	19,041,600	19,266,800	19,081,500
Liabilities
Current Liabilities
Accounts Payable	886,500	937,300	789,000	786,100
Notes Payable	2,104,200	2,208,800	2,434,500	2,046,000
Short Term Debt	215,300	442,000	1,578,000	2,049,200
Accrued Expenses	—	—	—	—
Accrued Liabilities	—	—	—	—
Deferred Revenues	—	—	—	—
Current Deferred Income Tax Liabilities	36,600	28,400	—	—
Other Current Liabilities	1,222,400	1,239,800	1,339,600	1,341,800
Total Current Liabilities	4,465,000	4,856,300	6,141,100	6,223,100
Non Current Liabilities
Long Term Debt	5,043,200	4,348,700	3,600,700	3,599,100
Capital Lease Obligations	—	—	—	—
Deferred Income Tax Liabilities	1,462,700	1,454,600	1,401,300	1,413,600
Other Non Current Liabilities	1,882,300	1,923,900	1,954,600	1,923,900
Minority Interest Liabilities	242,300	242,300	242,300	242,300
Preferred Securities of Subsidiary Trust Liabilities	—	—	—	—
Preferred Equity Outside Stock Equity	—	—	—	—
Total Non Current Liabilities	13,095,500	12,825,800	13,340,000	13,402,000
Total Liabilities	8,630,500	7,969,500	7,198,900	7,178,900
Shareholders' Equity
Preferred Stock Equity	—	—	—	—
Common Stock Equity	6,066,500	6,215,800	5,926,800	5,679,500
Common Par	37,700	37,700	37,700	50,200
Additional Paid in Capital	1,231,800	1,149,100	1,129,800	6,173,000
Cumulative Translation Adjustment	—	—	556,700	552,400
Retained Earnings	6,641,700	6,510,700	6,460,200	6,165,700
Treasury Stock	-1,910,100	-1,658,400	-1,760,600	-6,760,400
Other Equity Adjustments	65,400	176,700	-497,000	-501,400
Total Capitalization	11,109,700	10,564,500	9,527,500	9,278,600
Cash Flow	1,746,900	—	1,787,200	1,616,000
Working Capital	-638,800	-1,236,300	-2,182,800	-2,379,200
Free Cash Flow	-50,200	—	576,600	-1,200
Invested Capital	11,109,700	10,564,500	9,527,500	9,278,600
Total Equity	6,066,500	6,215,800	5,926,800	5,679,500
Total Liabilities and Stock Equity	19,162,000	19,041,600	19,266,800	19,081,500

	May 31, 2008	May 31, 2007	May 31, 2006	May 31, 2005
Assets
Current Assets
Cash & Equivalents	661,000	417,000	647,000	573,000
Restricted Cash	—	—	—	—
Marketable Securities	13,300	—	—	—
Accounts Receivable	1,081,600	953,000	1,076,000	1,034,000
Loans Receivable	—	—	—	—
Other Receivable	287,300	166,000	—	—
Receivables	1,368,900	1,119,000	1,076,000	1,034,000
Raw Materials	265,000	242,000	304,000	214,000
Work in Progress	—	—	—	—
Purchased Components	—	—	—	—
Finished Goods	1,012,400	899,000	813,000	795,000
Other Inventories	215,200	111,000	—	73,000
Inventories Adjustments and Allowances	-125,800	-78,000	-62,000	-45,000
Inventories	1,366,800	1,174,000	1,055,000	1,037,000
Prepaid Expenses	193,500	172,000	216,000	203,000
Current Deferred Income Taxes	—	67,000	182,000	208,000
Other Current Assets	16,500	105,000	—	—
Total Current Assets	3,620,000	3,054,000	3,176,000	3,055,000
Land and Improvements	61,200	61,000	54,000	54,000
Building and Improvements	1,550,400	1,518,000	1,430,000	1,396,000
Machinery Furniture and Equipment	4,216,400	3,992,000	3,859,000	3,722,000
Construction in Progress	343,800	276,000	252,000	296,000
Other Fixed Assets	299,500	249,000	211,000	—
Total Fixed Assets	6,471,300	6,096,000	5,806,000	5,468,000
Gross Fixed Assets	6,471,300	6,096,000	5,806,000	5,468,000
Accumulated Depreciation and Depletion	3,363,200	3,082,000	2,809,000	2,461,000
Net Fixed Assets	3,108,100	3,014,000	2,997,000	3,007,000
Intangibles	3,777,200	3,694,000	3,607,000	10,320,000
Cost in Excess	6,786,100	6,835,000	6,652,000	—
Non Current Deferred Income Taxes	—	—	—	—
Other Non Current Assets	1,750,200	1,587,000	1,775,000	1,684,000
Total Non Current Assets	15,421,600	15,130,000	15,031,000	15,011,000
Total Assets	19,041,600	18,184,000	18,207,000	18,066,000
Liabilities
Current Liabilities
Accounts Payable	937,300	778,000	1,151,000	1,136,000
Notes Payable	2,208,800	1,254,000	1,503,000	299,000
Short Term Debt	442,000	1,734,000	2,131,000	1,638,000
Accrued Expenses	—	—	—	—
Accrued Liabilities	1,041,100	1,671,000	1,203,000	—
Deferred Revenues	—	—	—	—
Current Deferred Income Tax Liabilities	28,400	—	—	—
Other Current Liabilities	198,700	408,000	150,000	1,111,000
Total Current Liabilities	4,856,300	5,845,000	6,138,000	4,184,000
Non Current Liabilities
Long Term Debt	4,348,700	3,218,000	2,415,000	4,255,000
Capital Lease Obligations	—	—	—	—
Deferred Income Tax Liabilities	1,454,600	1,433,000	1,822,000	1,851,000
Other Non Current Liabilities	1,923,900	1,230,000	924,000	967,000
Minority Interest Liabilities	242,300	1,139,000	1,136,000	1,133,000
Preferred Securities of Subsidiary Trust Liabilities	—	—	—	—
Preferred Equity Outside Stock Equity	—	—	—	—
Total Non Current Liabilities	12,825,800	12,865,000	12,435,000	12,390,000
Total Liabilities	7,969,500	7,020,000	6,297,000	8,206,000
Shareholders' Equity
Preferred Stock Equity	—	—	—	—
Common Stock Equity	6,215,800	5,319,000	5,772,000	5,676,000
Common Par	37,700	50,000	50,000	5,741,000
Additional Paid in Capital	1,149,100	5,842,000	5,737,000	—
Cumulative Translation Adjustment	648,400	402,000	—	—
Retained Earnings	6,510,700	5,745,000	5,107,000	4,501,000
Treasury Stock	-1,658,400	-6,198,000	-5,163,000	-4,460,000
Other Equity Adjustments	-471,700	-522,000	41,000	-106,000
Total Capitalization	10,564,500	8,537,000	8,187,000	9,931,000
Cash Flow	1,753,900	1,562,000	1,514,000	1,683,000
Working Capital	-1,236,300	-2,791,000	-2,962,000	-1,129,000
Free Cash Flow	678,800	728,000	900,000	836,000
Invested Capital	10,564,500	8,537,000	8,187,000	9,931,000
Total Equity	6,215,800	5,319,000	5,772,000	5,676,000
Total Liabilities and Stock Equity	19,041,600	18,184,000	18,207,000	18,066,000