Yum! Financial Data

Consolidated Statements of Income

YUM! Brands, Inc. and Subsidiaries

Fiscal years ended December 28, 2013, December 29, 2012, and December 31, 2011

(in millions, except per share data)

Revenues 2013 2012 2011
Company sales $11,184 $11,833 $10,893
Franchise and license fees and income 1,900 1,800 1,733
Total revenues 13,084 13,633 12,626
 
Costs and Expenses, net
Company restaurants
Food and paper 3,669 3,874 3,633
Payroll and employee benefits 2,499 2,620 2,418
Occupancy and other operating expenses 3,333 3,358 3,089
Company restaurant expenses 9,501 9,852 9,140
General and administrative expenses 1,412 1,510 1,372
Franchise and license expenses 158 133 145
Closures and impairment (income) expenses  331 37 135
Refranchising (gain) loss  (100) (78) 72
Other (income) expense (16) (115) (53)
Total costs and expenses, net 11,286 11,339 10,811
 
Operating Profit 1,798 2,294 1,815
Interest expense, net 247 149 156
 
Income before Income Taxes 1,551 2,145 1,659
Income tax provision 487 537 324
Net Income - including noncontrolling interests 1,064 1,608 1,335
Net Income (loss) - noncontrolling interests (27) 11 16
 
Net income - YUM! Brands, Inc. $ 1,091 $ 1,597 $ 1,319
 
Basic Earnings Per Common Share $ 2.41 $ 3.46 $ 2.81
Diluted Earnings Per Common Share $ 2.36 $ 3.38 $ 2.74
Dividends Declared Per Common Share $ 1.41 $ 1.24 $ 1.07

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