Yum! Brands 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	1,447	1,486	1,597	1,325	1,575	904
Depreciation & Amortization	194	175	153	146	164	146
Loss (Gain) From Sale of Assets	-	-	-	-	-	-8
Asset Writedown & Restructuring Costs	12	12	13	10	19	172
Stock-Based Compensation	71	69	95	84	75	97
Other Operating Activities	192	33	-164	-33	-129	-94
Change in Accounts Receivable	-30	-53	-89	-84	-46	62
Change in Accounts Payable	12	8	-30	-39	122	128
Change in Income Taxes	7	-29	43	17	-41	-110
Change in Other Net Operating Assets	1	-12	-15	1	-33	8
Operating Cash Flow	1,906	1,689	1,603	1,427	1,706	1,305
Operating Cash Flow Growth	17.36%	5.37%	12.33%	-16.35%	30.73%	-0.76%
Capital Expenditures	-342	-257	-285	-279	-230	-160
Cash Acquisitions	-69	-174	-	-	-	-408
Divestitures	54	49	181	73	85	19
Investment in Securities	91	13	-	-	-	206
Other Investing Activities	-72	-53	-3	4	-28	8
Investing Cash Flow	-338	-422	-107	-202	-173	-335
Short-Term Debt Issued	-	345	-	279	-	95
Long-Term Debt Issued	-	237	-	999	4,150	1,650
Total Debt Issued	1,691	582	-	1,278	4,150	1,745
Short-Term Debt Repaid	-	-	-279	-	-	-100
Long-Term Debt Repaid	-	-479	-397	-699	-3,657	-1,517
Total Debt Repaid	-1,357	-479	-676	-699	-3,657	-1,617
Net Debt Issued (Repaid)	334	103	-676	579	493	128
Repurchase of Common Stock	-488	-441	-50	-1,200	-1,591	-239
Common Dividends Paid	-779	-752	-678	-649	-592	-566
Other Financing Activities	-61	-73	-25	-53	-77	-61
Financing Cash Flow	-994	-1,163	-1,429	-1,323	-1,767	-738
Foreign Exchange Rate Adjustments	-2	-21	10	-26	-19	24
Net Cash Flow	573	83	77	-124	-253	256
Free Cash Flow	1,564	1,432	1,318	1,148	1,476	1,145
Free Cash Flow Growth	14.41%	8.65%	14.81%	-22.22%	28.91%	2.32%
Free Cash Flow Margin	19.40%	18.97%	18.63%	16.78%	22.42%	20.26%
Free Cash Flow Per Share	5.55	5.03	4.63	3.96	4.89	3.73
Cash Interest Paid	518	510	526	486	471	480
Cash Income Tax Paid	494	494	432	371	308	328
Levered Free Cash Flow	1,228	1,155	1,167	734.25	1,054	805.88
Unlevered Free Cash Flow	1,573	1,494	1,543	1,083	1,399	1,155
Change in Working Capital	-10	-86	-91	-105	2	88

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.