Pizza Hut 2005 Annual Report Download - page 34

Download and view the complete annual report

Please find page 34 of the 2005 Pizza Hut annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 82

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82

RESTAURANT฀UNIT฀ACTIVITY
฀ ฀ Uncon-฀ ฀ Total฀
฀ ฀ solidated฀ ฀ Excluding฀
Worldwide฀ Company฀ Affiliates฀ Franchisees฀ Licensees
Balance฀at฀end฀of฀2003฀ 7,854฀ 1,512฀ 21,471฀ 30,837
New฀Builds฀ 457฀ 178฀ 815฀ 1,450
Acquisitions฀ 72฀ 11฀ (83)฀ —
Refranchising฀฀ (317)฀ —฀ 316฀ (1)
Closures฀ (319)฀ (31)฀ (651)฀ (1,001)
Other฀ (4)฀ (8)฀ (10)฀ (22)
Balance฀at฀end฀of฀2004฀ 7,759฀ 1,664฀ 21,859฀ 31,282
New฀Builds฀ 470฀ 160฀ 924฀ 1,554
Acquisitions฀ 1฀ —฀ (1)฀ —
Refranchising฀฀ (382)฀ (142)฀ 522฀ (2)
Closures฀ (246)฀ (35)฀ (664)฀ (945)
Other฀ (15)฀ 1฀ 26฀ 12
Balance฀at฀end฀of฀2005฀7,587฀ 1,648฀ 22,666฀ 31,901
%฀of฀Total฀24%฀ 5%฀ 71%฀ 100%
The฀above฀total฀excludes฀2,376฀and฀2,345฀licensed฀units฀at฀
the฀end฀of฀2005฀and฀2004,฀respectively.฀Balances฀at฀the฀end฀
of฀2004฀for฀the฀Worldwide฀and฀China฀unit฀activity฀have฀been฀
adjusted฀to฀include฀December฀activity฀in฀mainland฀China฀due฀
to฀the฀change฀in฀its฀reporting฀calendar.฀The฀net฀change฀was฀
an฀addition฀of฀16,฀2,฀1฀and฀19฀units฀for฀company,฀unconsoli-
dated,฀franchisees฀and฀total,฀respectively.
฀ ฀ Uncon-฀ ฀ Total฀
฀ ฀ solidated฀ ฀ Excluding฀
United฀States฀ Company฀ Affiliates฀ Franchisees฀ Licensees
Balance฀at฀end฀of฀2003฀ 5,094฀ 6฀ 13,566฀ 18,666
New฀Builds฀ 146฀ —฀ 227฀ 373
Acquisitions฀ 61฀ —฀ (61)฀ —
Refranchising฀ (113)฀ —฀ 112฀ (1)
Closures฀฀ (199)฀ (6)฀ (365)฀ (570)
Other฀฀ —฀ —฀ 3฀ 3
Balance฀at฀end฀of฀2004฀ 4,989฀ —฀ 13,482฀ 18,471
New฀Builds฀ 125฀ —฀ 240฀ 365
Acquisitions฀ —฀ —฀ —฀ —
Refranchising฀ (244)฀ —฀ 242฀ (2)
Closures฀฀ (174)฀ —฀ (364)฀ (538)
Other฀ (10)฀ —฀ 5฀ (5)
Balance฀at฀end฀of฀2005฀4,686฀ —฀ 13,605฀ 18,291
%฀of฀Total฀26%฀ —฀ 74%฀ 100%
The฀above฀total฀excludes฀2,181฀and฀2,139฀licensed฀units฀at฀
the฀end฀of฀2005฀and฀2004,฀respectively.
฀ ฀ Uncon-฀ ฀ Total฀
฀ ฀ solidated฀ ฀ Excluding฀
International฀Division฀ Company฀ Affiliates฀Franchisees฀ Licensees
Balance฀at฀end฀of฀2003฀ 1,700฀ 1,152฀ 7,704฀ 10,556
New฀Builds฀ 80฀ 66฀ 574฀ 720
Acquisitions฀ 11฀ 11฀ (22)฀ —
Refranchising฀ (201)฀ —฀ 201฀ —
Closures฀฀ (83)฀ (18)฀ (277)฀ (378)
Other฀฀ (3)฀ (7)฀ (1)฀ (11)
Balance฀at฀end฀of฀2004฀ 1,504฀ 1,204฀ 8,179฀ 10,887
New฀Builds฀ 53฀ 61฀ 666฀ 780
Acquisitions฀ 1฀ —฀ (1)฀ —
Refranchising฀ (137)฀ (142)฀ 279฀ —
Closures฀฀ (41)฀ (28)฀ (292)฀ (361)
Other฀ (5)฀ 1฀ 17฀ 13
Balance฀at฀end฀of฀2005฀1,375฀ 1,096฀ 8,848฀ 11,319
%฀of฀Total฀12%฀ 10%฀ 78%฀ 100%
The฀above฀totals฀exclude฀195฀and฀206฀licensed฀units฀at฀the฀
end฀of฀2005฀and฀2004,฀respectively.
฀ ฀ Uncon-฀ ฀ Total฀
฀ ฀ solidated฀ ฀ Excluding฀
China฀Division฀ Company฀ Affiliates฀Franchisees฀ Licensees
Balance฀at฀end฀of฀2003฀ 1,060฀ 354฀ 201฀ 1,615
New฀Builds฀ 231฀ 112฀ 14฀ 357
Acquisitions฀ —฀ —฀ —฀ —
Refranchising฀ (3)฀ —฀ 3฀ —
Closures฀฀ (37)฀ (7)฀ (9)฀ (53)
Other฀฀ (1)฀ (1)฀ (12)฀ (14)
Balance฀at฀end฀of฀2004฀ 1,266฀ 460฀ 198฀ 1,924
New฀Builds฀ 292฀ 99฀ 18฀ 409
Acquisitions฀ —฀ —฀ —฀ —
Refranchising฀ (1)฀ —฀ 1฀ —
Closures฀฀ (31)฀ (7)฀ (8)฀ (46)
Other฀ —฀ —฀ 4฀ 4
Balance฀at฀end฀of฀2005฀1,526฀ 552฀ 213฀ 2,291
%฀of฀Total฀67%฀ 24%฀ 9%฀ 100%
There฀are฀no฀licensed฀units฀in฀the฀China฀Division.
Included฀in฀the฀above฀totals฀are฀multibrand฀restaurants.฀
Multibrand฀ conversions฀ increase฀ the฀ sales฀ and฀ points฀ of฀
distribution฀for฀the฀second฀brand฀added฀to฀a฀restaurant฀but฀
do฀not฀result฀in฀an฀additional฀unit฀count.฀Similarly,฀a฀new฀
multibrand฀restaurant,฀while฀increasing฀sales฀and฀points฀of฀
distribution฀for฀two฀brands,฀results฀in฀just฀one฀additional฀unit฀
count.฀Franchise฀ unit฀counts฀include฀both฀franchisee฀and฀
unconsolidated฀affiliate฀multibrand฀units.฀Multibrand฀restau-
rant฀totals฀were฀as฀follows:
2005฀Company฀ Franchise฀ Total
United฀States฀ ฀ 1,696฀ ฀ 1,400฀ ฀ 3,096
International฀Division฀ ฀ 17฀ ฀ 176฀ ฀ 193
Worldwide฀ ฀ 1,713฀ ฀ 1,576฀ ฀ 3,289
2004฀ Company฀ Franchise฀ Total
United฀States฀ ฀ 1,391฀ ฀ 1,250฀ ฀ 2,641
International฀Division฀ ฀ 28฀ ฀ 155฀ ฀ 183
Worldwide฀ ฀ 1,419฀ ฀ 1,405฀ ฀ 2,824
38.฀ ฀ ฀ |฀ ฀ ฀ Yum!฀Brands,฀Inc.