Consolidated Statements of Income

YUM! Brands, Inc. and Subsidiaries

Fiscal years ended December 27, 2014, December 28, 2013

(in millions, except per share data)

Revenues 2014 2013
Company sales $11,324 $11,184
Franchise and license fees and income 1,955 1,900
Total revenues 13,279 13,084
 
Costs and Expenses, net
Company restaurants
Food and paper 3,678 3,669
Payroll and employee benefits 2,579 2,499
Occupancy and other operating expenses 3,425 3,333
Company restaurant expenses 9,682 9,501
General and administrative expenses 1,419 1,412
Franchise and license expenses 160 158
Closures and impairment (income) expenses  535 331
Refranchising (gain) loss  (33) (100)
Other (income) expense (41) (16)
Total costs and expenses, net 11,722 11,286
 
Operating Profit 1,557 1,798
Interest expense, net 130 247
 
Income before Income Taxes 1,427 1,551
Income tax provision 406 487
Net Income - including noncontrolling interests 1,021 1,064
Net Income (loss) - noncontrolling interests (30) (27)
 
Net income - YUM! Brands, Inc. $ 1,051 $ 1,091
 
Basic Earnings Per Common Share $ 2.37 $ 2.41
Diluted Earnings Per Common Share $ 2.32 $ 2.36
Dividends Declared Per Common Share $ 1.56 $ 1.41

Note: You should consult our filings with the Securities and Exchange Commission for additional detail about our financial and other results.