Yum! Financial Data
Consolidated Statements of Income
(in millions)
| Revenues | 2008 | 2007 | 2006 |
| Company sales | $ 9,843 | $ 9,100 | $ 8,365 |
| Franchise and license fees | 1,436 | 1,316 | 1,196 |
| Total Revenues | 11,279 | 10,416 | 9,561 |
| Costs and Expenses, net | |||
| Company Restaurants | |||
| Food and paper | 3,239 | 2,824 | 2,549 |
| Payroll and employee benefits | 2,370 | 2,305 | 2,142 |
| Occupancy and other operating expenses | 2,856 | 2,644 | 2,403 |
| Company restaurant expenses | 8,465 | 7,773 | 7,094 |
| General and administrative expenses | 1,342 | 1,293 | 1,187 |
| Franchise and license expenses | 74 | 40 | 35 |
| Closures and impairment (income) expenses | 43 | 35 | 59 |
| Refranchising (gain) loss | (5) | (11) | (24) |
| Other (income) expense | (146) | (71) | (52) |
| Total costs and expenses, net | 9,773 | 9,059 | 8,299 |
| Operating profit | 1,506 | 1,357 | 1,262 |
| Interest expense, net | 226 | 166 | 154 |
| Income before Income Taxes | 1,280 | 1,191 | 1,108 |
| Income tax provision | 316 | 282 | 284 |
| Net income | $ 964 | $ 909 | $ 824 |
| Basic Earnings Per Common Share | $ 2.03 | $ 1.74 | $ 1.51 |
| Diluted Earnings Per Common Share | $ 1.96 | $ 1.68 | $ 1.46 |
| Dividends Declared Per Common Share | $ 0.72 | $ 0.45 | $ 0.43 |