Yum! Brands Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,559	1,486	1,597	1,325	1,575
Depreciation & Amortization	206	175	153	146	164
Asset Writedown & Restructuring Costs	22	12	13	10	19
Stock-Based Compensation	70	69	95	84	75
Other Operating Activities	170	33	-164	-33	-129
Change in Accounts Receivable	-45	-53	-89	-84	-46
Change in Accounts Payable	94	8	-30	-39	122
Change in Income Taxes	-48	-29	43	17	-41
Change in Other Net Operating Assets	-18	-12	-15	1	-33
Operating Cash Flow	2,010	1,689	1,603	1,427	1,706
Operating Cash Flow Growth	19.00%	5.37%	12.33%	-16.35%	30.73%
Capital Expenditures	-371	-257	-285	-279	-230
Cash Acquisitions	-798	-174	-	-	-
Divestitures	78	49	181	73	85
Investment in Securities	91	13	-	-	-
Other Investing Activities	-3	-53	-3	4	-28
Investing Cash Flow	-1,003	-422	-107	-202	-173
Short-Term Debt Issued	89	345	-	279	-
Long-Term Debt Issued	1,493	237	-	999	4,150
Total Debt Issued	1,582	582	-	1,278	4,150
Short-Term Debt Repaid	-136	-	-279	-	-
Long-Term Debt Repaid	-966	-479	-397	-699	-3,657
Total Debt Repaid	-1,102	-479	-676	-699	-3,657
Net Debt Issued (Repaid)	480	103	-676	579	493
Repurchase of Common Stock	-552	-441	-50	-1,200	-1,591
Common Dividends Paid	-789	-752	-678	-649	-592
Other Financing Activities	-63	-73	-25	-53	-77
Financing Cash Flow	-924	-1,163	-1,429	-1,323	-1,767
Foreign Exchange Rate Adjustments	32	-21	10	-26	-19
Miscellaneous Cash Flow Adjustments	1	-	-	-	-
Net Cash Flow	116	83	77	-124	-253
Free Cash Flow	1,639	1,432	1,318	1,148	1,476
Free Cash Flow Growth	14.46%	8.65%	14.81%	-22.22%	28.91%
Free Cash Flow Margin	19.95%	18.97%	18.63%	16.78%	22.42%
Free Cash Flow Per Share	5.83	5.03	4.63	3.96	4.89
Cash Interest Paid	-	510	526	486	471
Cash Income Tax Paid	-	494	432	371	308
Levered Free Cash Flow	1,430	1,155	1,167	734.25	1,054
Unlevered Free Cash Flow	1,743	1,494	1,543	1,083	1,399
Change in Working Capital	-17	-86	-91	-105	2

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.