Yum China Holdings, Inc. (LON:0M30)

The Duckhorn Portfolio Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	11,294	11,165	10,852	9,478	9,777	8,191
Other Revenue	140	138	126	91	76	72
Revenue	11,434	11,303	10,978	9,569	9,853	8,263
Revenue Growth (YoY)	3.53%	2.96%	14.72%	-2.88%	19.24%	-5.85%
Cost of Revenue	9,108	9,041	8,712	7,776	8,024	6,629
Gross Profit	2,326	2,262	2,266	1,793	1,829	1,634
Selling, General & Admin	936	940	1,037	960	987	846
Other Operating Expenses	122	121	112	172	108	79
Operating Expenses	1,058	1,061	1,149	1,132	1,095	925
Operating Income	1,268	1,201	1,117	661	734	709
Interest Expense	-3	-3	-2	-2	-2	-2
Interest & Investment Income	138	172	171	86	62	149
Earnings From Equity Investments	11	5	4	-2	43	62
Currency Exchange Gain (Loss)	-	-	-	-	15	9
EBT Excluding Unusual Items	1,414	1,375	1,290	743	852	927
Gain (Loss) on Sale of Investments	-15	-	-49	-26	574	239
Asset Writedown	-43	-39	-29	-32	-34	-55
Other Unusual Items	-	-	18	-	-	-3
Pretax Income	1,356	1,336	1,230	685	1,392	1,108
Income Tax Expense	365	356	329	207	369	295
Earnings From Continuing Operations	991	980	901	478	1,023	813
Minority Interest in Earnings	-72	-69	-74	-36	-33	-29
Net Income	919	911	827	442	990	784
Net Income to Common	919	911	827	442	990	784
Net Income Growth	9.40%	10.16%	87.10%	-55.35%	26.28%	9.96%
Shares Outstanding (Basic)	378	388	416	421	422	390
Shares Outstanding (Diluted)	380	390	420	425	434	402
Shares Change (YoY)	-6.76%	-7.14%	-1.18%	-2.07%	7.96%	3.61%
EPS (Basic)	2.43	2.35	1.99	1.05	2.35	2.01
EPS (Diluted)	2.41	2.33	1.97	1.04	2.28	1.95
EPS Growth	16.80%	18.27%	89.42%	-54.39%	16.92%	5.98%
Free Cash Flow	834	714	763	734	442	695
Free Cash Flow Per Share	2.20	1.83	1.82	1.73	1.02	1.73
Dividend Per Share	0.800	0.640	0.520	0.480	0.480	0.240
Dividend Growth	37.93%	23.08%	8.33%	-	100.00%	-50.00%
Gross Margin	20.34%	20.01%	20.64%	18.74%	18.56%	19.78%
Operating Margin	11.09%	10.63%	10.17%	6.91%	7.45%	8.58%
Profit Margin	8.04%	8.06%	7.53%	4.62%	10.05%	9.49%
Free Cash Flow Margin	7.29%	6.32%	6.95%	7.67%	4.49%	8.41%
EBITDA	1,728	1,677	1,570	1,263	1,250	1,159
EBITDA Margin	15.11%	14.84%	14.30%	13.20%	12.69%	14.03%
D&A For EBITDA	460	476	453	602	516	450
EBIT	1,268	1,201	1,117	661	734	709
EBIT Margin	11.09%	10.63%	10.17%	6.91%	7.45%	8.58%
Effective Tax Rate	26.92%	26.65%	26.75%	30.22%	26.51%	26.63%
Revenue as Reported	11,434	11,303	10,978	9,569	9,853	8,263

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