Yum China Holdings Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	904	911	827	442	990	784
Depreciation & Amortization	454	476	453	602	516	450
Asset Writedown & Restructuring Costs	39	39	29	32	34	55
Loss (Gain) From Sale of Investments	35	-40	49	26	-575	-343
Loss (Gain) on Equity Investments	-2	6	7	9	-12	-7
Stock-Based Compensation	41	41	64	42	41	36
Other Operating Activities	488	440	402	428	599	466
Change in Accounts Receivable	-10	-9	-6	-1	-5	-15
Change in Inventory	-36	8	-19	-19	-16	17
Change in Accounts Payable	71	-3	84	16	118	65
Change in Income Taxes	-18	-12	25	25	-26	17
Change in Other Net Operating Assets	-458	-438	-442	-189	-533	-411
Operating Cash Flow	1,508	1,419	1,473	1,413	1,131	1,114
Operating Cash Flow Growth	8.41%	-3.67%	4.25%	24.93%	1.53%	-5.99%
Capital Expenditures	-567	-705	-710	-679	-689	-419
Cash Acquisitions	-	-	-	-23	-115	-288
Investment in Securities	101	523	-38	176	-56	-2,458
Other Investing Activities	-	4	5	4	5	56
Investing Cash Flow	-466	-178	-743	-522	-855	-3,109
Short-Term Debt Issued	-	307	264	2	-	-
Total Debt Issued	29	307	264	2	-	-
Short-Term Debt Repaid	-	-346	-100	-	-	-
Total Debt Repaid	-308	-346	-100	-	-	-
Net Debt Issued (Repaid)	-279	-39	164	2	-	-
Issuance of Common Stock	-	-	-	-	-	2,195
Repurchase of Common Stock	-884	-1,249	-613	-466	-75	-8
Common Dividends Paid	-329	-248	-216	-202	-203	-95
Other Financing Activities	-92	-100	-51	-178	-35	-34
Financing Cash Flow	-1,584	-1,636	-716	-844	-313	2,058
Foreign Exchange Rate Adjustments	-3	-10	-16	-53	15	40
Net Cash Flow	-545	-405	-2	-6	-22	103
Free Cash Flow	941	714	763	734	442	695
Free Cash Flow Growth	43.23%	-6.42%	3.95%	66.06%	-36.40%	-7.33%
Free Cash Flow Margin	8.13%	6.32%	6.95%	7.67%	4.49%	8.41%
Free Cash Flow Per Share	2.50	1.83	1.82	1.73	1.02	1.73
Cash Interest Paid	4	4	3	-	-	-
Cash Income Tax Paid	393	393	324	204	255	170
Levered Free Cash Flow	640.25	449.75	573.88	171.88	533.5	702.88
Unlevered Free Cash Flow	642.13	451.63	575.13	173.13	534.75	704.13
Change in Working Capital	-451	-454	-358	-168	-462	-327

Source: S&P Global Market Intelligence. Standard template. Financial Sources.