Yum! Brands, Inc. (YUM)

Yum! Brands Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	7,223	7,076	6,842	6,584	5,652	5,597
Revenue Growth (YoY)	2.32%	3.42%	3.92%	16.49%	0.98%	-1.60%
Cost of Revenue	3,713	3,579	3,529	3,419	2,965	2,770
Gross Profit	3,510	3,497	3,313	3,165	2,687	2,827
Selling, General & Admin	1,090	1,138	1,119	1,052	1,040	921
Other Operating Expenses	-19	-30	47	-51	-50	-25
Operating Expenses	1,071	1,108	1,166	1,001	990	896
Operating Income	2,439	2,389	2,147	2,164	1,697	1,931
Interest Expense	-579	-602	-558	-551	-558	-519
Interest & Investment Income	75	96	70	127	123	35
Currency Exchange Gain (Loss)	-5	-5	9	-8	-6	9
EBT Excluding Unusual Items	1,930	1,878	1,668	1,732	1,256	1,456
Merger & Restructuring Charges	-65	-21	-11	-8	-38	-13
Impairment of Goodwill	-	-	-	-	-144	-
Gain (Loss) on Sale of Investments	-21	-	-	-	-	-67
Asset Writedown	-	-	-	-	-12	-5
Other Unusual Items	-8	-39	5	-50	-42	2
Pretax Income	1,836	1,818	1,662	1,674	1,020	1,373
Income Tax Expense	310	221	337	99	116	79
Earnings From Continuing Operations	1,526	1,597	1,325	1,575	904	1,294
Net Income to Company	1,526	1,597	1,325	1,575	904	1,294
Net Income	1,526	1,597	1,325	1,575	904	1,294
Net Income to Common	1,526	1,597	1,325	1,575	904	1,294
Net Income Growth	1.40%	20.53%	-15.87%	74.23%	-30.14%	-16.08%
Shares Outstanding (Basic)	282	281	286	297	302	306
Shares Outstanding (Diluted)	284	285	290	302	307	313
Shares Change (YoY)	-0.70%	-1.72%	-3.97%	-1.63%	-1.92%	-4.86%
EPS (Basic)	5.42	5.68	4.63	5.30	2.99	4.23
EPS (Diluted)	5.35	5.59	4.57	5.21	2.94	4.14
EPS Growth	1.68%	22.32%	-12.28%	77.21%	-28.99%	-11.73%
Free Cash Flow	1,367	1,318	1,148	1,476	1,145	1,119
Free Cash Flow Per Share	4.81	4.62	3.96	4.89	3.73	3.58
Dividend Per Share	0.670	2.485	2.315	2.070	1.910	1.730
Dividend Growth	-72.31%	7.34%	11.84%	8.38%	10.40%	15.33%
Gross Margin	48.59%	49.42%	48.42%	48.07%	47.54%	50.51%
Operating Margin	33.77%	33.76%	31.38%	32.87%	30.02%	34.50%
Profit Margin	21.13%	22.57%	19.37%	23.92%	15.99%	23.12%
Free Cash Flow Margin	18.93%	18.63%	16.78%	22.42%	20.26%	19.99%
EBITDA	2,608	2,542	2,293	2,328	1,843	2,043
EBITDA Margin	36.11%	35.92%	33.51%	35.36%	32.61%	36.50%
D&A For EBITDA	169	153	146	164	146	112
EBIT	2,439	2,389	2,147	2,164	1,697	1,931
EBIT Margin	33.77%	33.76%	31.38%	32.87%	30.02%	34.50%
Effective Tax Rate	16.88%	12.16%	20.28%	5.91%	11.37%	5.75%
Revenue as Reported	7,223	7,076	6,842	6,584	5,652	5,597
Advertising Expenses	-	1,387	1,384	1,359	78	83

Source: S&P Capital IQ. Standard template. Financial Sources.