Pizza Hut 2005 Annual Report Download - page 53

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฀ ฀ Retained฀ Accumulated
Fiscal฀years฀ended฀December฀31,฀2005,฀฀ ฀ Earnings฀ Other
December฀25,฀2004฀and฀December฀27,฀2003฀ Issued฀Common฀Stock฀ (Accumulated฀฀Comprehensive
(in฀millions)฀ Shares฀ Amount฀ Defi฀cit)฀ Income฀(Loss)฀ Total
Balance฀at฀December฀28,฀2002฀ ฀ 294฀ $฀1,046฀ $฀ (203)฀ $฀(249)฀ $฀ 594
Net฀income฀ ฀ ฀ ฀ ฀ ฀ 617฀ ฀ ฀ ฀ 617
Foreign฀currency฀translation฀adjustment฀arising฀
฀ during฀the฀period฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 67฀ ฀ 67
Foreign฀currency฀translation฀adjustment฀included฀
฀ in฀net฀income฀฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 2฀ ฀ 2
Minimum฀pension฀liability฀adjustment฀(net฀of฀tax฀impact฀
฀ of฀$18฀million)฀฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ (30)฀ ฀ (30)
Comprehensive฀Income฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 656
Repurchase฀of฀shares฀of฀common฀stock฀฀ ฀ (9)฀ ฀ (278)฀ ฀ ฀ ฀ ฀ ฀ (278)
Employee฀stock฀option฀exercises฀(includes฀tax฀impact฀
฀ of฀$26฀million)฀ ฀ 7฀ ฀ 136฀ ฀ ฀ ฀ ฀ ฀ 136
Compensation-related฀events฀ ฀ ฀ ฀ 12฀ ฀ ฀ ฀ ฀ ฀ 12
Balance฀at฀December฀27,฀2003฀ ฀ 292฀ $฀ 916฀ $฀ 414฀ $฀(210)฀ $฀ 1,120
Net฀income฀ ฀ ฀ ฀ ฀ ฀ 740฀ ฀ ฀ ฀ 740
Foreign฀currency฀translation฀adjustment฀arising฀
฀ during฀the฀period฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 73฀ ฀ 73
Minimum฀pension฀liability฀adjustment฀(net฀of฀tax฀impact฀
฀ of฀$3฀million)฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 6฀ ฀ 6
Comprehensive฀Income฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 819
Dividends฀declared฀on฀common฀shares฀($0.30฀per฀
฀ common฀share)฀ ฀ ฀ ฀ ฀ ฀ (87)฀ ฀ ฀ ฀ (87)
Repurchase฀of฀shares฀of฀common฀stock฀฀ ฀ (14)฀ ฀ (569)฀ ฀ ฀ ฀ ฀ ฀ (569)
Employee฀stock฀option฀exercises฀(includes฀tax฀impact฀
฀ of฀$102฀million)฀ ฀ 12฀ ฀ 302฀ ฀ ฀ ฀ ฀ ฀ 302
Compensation-related฀events฀ ฀ ฀ ฀ 10฀ ฀ ฀ ฀ ฀ ฀ 10
Balance฀at฀December฀25,฀2004฀ ฀ 290฀ $฀ 659฀ $฀1,067฀ $฀(131)฀ $฀ 1,595
Net฀income฀ ฀ ฀ ฀ ฀ ฀ 762฀ ฀ ฀ ฀ 762
Foreign฀currency฀translation฀adjustment฀arising฀
฀ during฀the฀period฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ (31)฀ ฀ (31)
Foreign฀currency฀translation฀adjustment฀included฀
฀ in฀net฀income฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 6฀ ฀ 6
Minimum฀pension฀liability฀adjustment฀(net฀of฀tax฀impact฀
฀ of฀$8฀million)฀฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ (15)฀ ฀ (15)
Net฀unrealized฀loss฀on฀derivative฀instruments฀(includes฀
฀ tax฀impact฀of฀$1฀million)฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 1฀ ฀ 1
Comprehensive฀Income฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 723
Dividends฀declared฀on฀common฀shares฀($0.445฀per฀
฀ common฀share)฀ ฀ ฀ ฀ ฀ ฀ (129)฀ ฀ ฀ ฀ (129)
China฀December฀2004฀net฀income฀ ฀ ฀ ฀ ฀ ฀ 6฀ ฀ ฀ ฀ 6
Repurchase฀of฀shares฀of฀common฀stock฀฀ ฀ (21)฀ ฀ (969)฀ ฀ (87)฀ ฀ ฀ ฀(1,056)
Employee฀stock฀option฀exercises฀(includes฀tax฀impact฀
฀ of฀$94฀million)฀฀ ฀ 9฀ ฀ 242฀ ฀ ฀ ฀ ฀ ฀ 242
Compensation-related฀events฀ ฀ ฀ ฀ 68฀ ฀ ฀ ฀ ฀ ฀ 68
Balance฀at฀December฀31,฀2005 ฀ 278฀ $฀ —฀ $฀1,619฀ $฀(170)฀ $฀ 1,449
See฀accompanying฀Notes฀to฀Consolidated฀Financial฀Statements.
Consolidated฀Statements฀of฀Shareholders’฀
Equity฀and฀Comprehensive฀Income
YUM!฀Brands,฀Inc.฀and฀Subsidiaries
Yum!฀Brands,฀Inc.฀ ฀ ฀ |฀ ฀ ฀ 57.