Consolidated Statements of Income

YUM! Brands, Inc. and Subsidiaries

Fiscal years ended December 27, 2014, December 28, 2013, and December 29, 2012

(in millions, except per share data)

Revenues 2014 2013 2012
Company sales $11,324 $11,184 $11,833
Franchise and license fees and income 1,955 1,900 1,800
Total revenues 13,279 13,084 13,633
 
Costs and Expenses, net
Company restaurants
Food and paper 3,678 3,669 3,874
Payroll and employee benefits 2,579 2,499 2,620
Occupancy and other operating expenses 3,425 3,333 3,358
Company restaurant expenses 9,682 9,501 9,852
General and administrative expenses 1,419 1,412 1,510
Franchise and license expenses 160 158 133
Closures and impairment (income) expenses  535 331 37
Refranchising (gain) loss  (33) (100) (78)
Other (income) expense (41) (16) (115)
Total costs and expenses, net 11,722 11,286 11,339
 
Operating Profit 1,557 1,798 2,294
Interest expense, net 130 247 149
 
Income before Income Taxes 1,427 1,551 2,145
Income tax provision 406 487 537
Net Income - including noncontrolling interests 1,021 1,064 1,608
Net Income (loss) - noncontrolling interests (30) (27) 11
 
Net income - YUM! Brands, Inc. $ 1,051 $ 1,091 $ 1,597
 
Basic Earnings Per Common Share $ 2.37 $ 2.41 $ 3.46
Diluted Earnings Per Common Share $ 2.32 $ 2.36 $ 3.38
Dividends Declared Per Common Share $ 1.56 $ 1.41 $ 1.24

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