Yum! Financial Data
Consolidated Statements of Income
(in millions)
| Revenues |
2009 |
2008 |
2007 |
| Company sales |
$9,413 |
$ 9,843 |
$ 9,100 |
| Franchise and license fees |
1,423 |
1,461 |
1,335 |
| Total Revenues |
10,836 |
11,304 |
10,435 |
| |
| Costs and Expenses, net |
| Company Restaurants |
| Food and paper |
3,003 |
3,239 |
2,824 |
| Payroll and employee benefits |
2,154 |
2,370 |
2,305 |
| Occupancy and other operating expenses |
2,777 |
2,856 |
2,644 |
| Company restaurant expenses |
7,934 |
8,465 |
7,773 |
| General and administrative expenses |
1,221 |
1,342 |
1,293 |
| Franchise and license expenses |
118 |
99 |
59 |
| Closures and impairment (income) expenses |
103 |
43 |
35 |
| Refranchising (gain) loss |
(26) |
(5) |
(11) |
| Other (income) expense |
(104) |
(157) |
(71) |
| Total costs and expenses, net |
9,246 |
9,787 |
9,078 |
| |
| Operating profit |
1,590 |
1,517 |
1,357 |
| Interest expense, net |
194 |
226 |
166 |
| |
| Income before Income Taxes |
1,396 |
1,291 |
1,191 |
| Income tax provision |
313 |
319 |
282 |
| Net Income - including noncontrolling interest |
1,083 |
972 |
909 |
| Net Income - noncontrolling interest |
12 |
8 |
– |
| |
| Net income |
1,071 |
$ 964 |
$ 909 |
| |
| Basic Earnings Per Common Share |
2.28 |
$ 2.03 |
$ 1.74 |
| Diluted Earnings Per Common Share |
2.22 |
$ 1.96 |
$ 1.68 |
| Dividends Declared Per Common Share |
0.80 |
$ 0.72 |
$ 0.45 |