Pizza Hut 2005 Annual Report Download - page 52

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December฀31,฀2005฀and฀December฀25,฀2004
(in฀millions) 2005฀ 2004
ASSETS
Current฀Assets
Cash฀and฀cash฀equivalents฀ $฀ 158฀ $฀ 62
Short-term฀investments฀ ฀ 43฀ ฀ 54
Accounts฀and฀notes฀receivable,฀less฀allowance:฀$23฀in฀2005฀and฀$22฀in฀2004฀ ฀ 236฀ ฀ 192
Inventories฀ ฀ 85฀ ฀ 76
Prepaid฀expenses฀and฀other฀current฀assets฀ ฀ 75฀ ฀ 142
Deferred฀income฀taxes฀ ฀ 163฀ ฀ 156
Advertising฀cooperative฀assets,฀restricted฀ ฀ 77฀ ฀ 65
฀ ฀ Total฀Current฀Assets ฀ 837฀ ฀ 747
Property,฀plant฀and฀equipment,฀net฀ ฀3,356฀ ฀3,439
Goodwill฀ ฀ ฀ 538฀ ฀ 553
Intangible฀assets,฀net฀ ฀ 330฀ ฀ 347
Investments฀in฀unconsolidated฀affi฀liates฀ ฀ 173฀ ฀ 194
Other฀assets฀ ฀ 464฀ ฀ 416
Total฀Assets $฀5,698฀ $฀5,696
LIABILITIES฀AND฀SHAREHOLDERS’฀EQUITY฀
Current฀Liabilities
Accounts฀payable฀and฀other฀current฀liabilities฀ $฀1,238฀ $฀1,189
Income฀taxes฀payable฀ ฀ 79฀ ฀ 111
Short-term฀borrowings฀ ฀ 211฀ ฀ 11
Advertising฀cooperative฀liabilities฀ ฀ 77฀ ฀ 65
฀ ฀ Total฀Current฀Liabilities ฀1,605฀ ฀1,376
Long-term฀debt฀ ฀1,649฀ ฀1,731
Other฀liabilities฀and฀deferred฀credits฀ ฀ 995฀ ฀ 994
฀ ฀ Total฀Liabilities ฀4,249฀ ฀4,101
Shareholders’฀Equity
Preferred฀stock,฀no฀par฀value,฀250฀shares฀authorized;฀no฀shares฀issued฀ ฀ —฀ ฀ —
Common฀stock,฀no฀par฀value,฀750฀shares฀authorized;฀278฀shares฀and฀290฀shares฀
฀ issued฀in฀2005฀and฀2004,฀respectively฀ ฀ —฀ ฀ 659
Retained฀earnings฀ ฀1,619฀ ฀1,067
Accumulated฀other฀comprehensive฀loss฀ ฀ (170)฀ ฀ (131)
฀ ฀ Total฀Shareholders’฀Equity฀฀ ฀1,449฀ ฀1,595
฀ ฀ Total฀Liabilities฀and฀Shareholders’฀Equity฀฀$฀5,698฀ $฀5,696
See฀accompanying฀Notes฀to฀Consolidated฀Financial฀Statements.
Consolidated฀Balance฀Sheets฀
YUM!฀Brands,฀Inc.฀and฀Subsidiaries
56.฀ ฀ ฀ |฀ ฀ ฀ Yum!฀Brands,฀Inc.