Pizza Hut 2006 Annual Report Download - page 2

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TABLE OF CONTENTS
1–6 Dear Partners
8 GoingforGreatnessinChina!
12 Going for Greatness Around the World!
16 GreatRestaurantsStartwithGreatBrands!
20 KFC: Chicken Capital U.S.A.
22 TacoBell:ThinkOutsidetheBun
24 Pizza Hut: America’s Favorite Pizza
26 Long John Silver’s and A&W All American Food
27–29 A Great Culture Starts with Great People!: CHAMPS
30–32 Great Results!: Financial Review
33–84 Financials
INBC Doing Great Things for Our Community!
FINANCIAL HIGHLIGHTS
(In millions, except for per share amounts) % B/(W)
Year-end 2006 2005 change
Company sales $ 8,365 $ 8,225 2
Franchise and license fees 1,196 1,124 7
Total revenues $ 9,561 $ 9,349 2
Operating profit $ 1,262 $ 1,153 9
Net income $ 824 $ 762 8
Diluted earnings per common share $ 2.92 $ 2.55 14
Cash flows provided by operating activities $ 1,302 $ 1,238 5
AVERAGE U.S. SALES PER SYSTEM UNIT(a)
(In thousands)
Year- end 2006 2005 2004 2003 2002 5-year growth(b)
KFC $ 977 $ 954 $ 896 $ 898 $ 898 2%
Pizza Hut 794 810 794 748 748 2%
Taco Bell 1,176 1,168 1,069 1,005 964 6%
(a) Excludes license units.
(b)Compoundedannualgrowthrate.