Pizza Hut 2008 Annual Report Download - page 144
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22
Item 6. Selected Financial Data.
Selected Financial Data
YUM! Brands, Inc. and Subsidiaries
(in millions, except per share and unit amounts)
Fiscal Yea
r
2008 2007 2006 2005 2004
Summar
y
of O
p
erations
R
evenues
Com
p
an
y
sales $ 9
,
843 $ 9
,
100 $ 8
,
365 $ 8
,
225 $ 7
,
992
Franchise and license fees 1
,
436 1
,
316 1
,
196 1
,
124 1
,
019
Total 11
,
279 10
,
416 9
,
561 9
,
349 9
,
011
Closures and im
p
airment income
(
ex
p
enses
)
(a)
(
43
)
(
35
)
(
59
)
(
62
)
(
38
)
R
efranchising gain (loss)(a) 5 11 24 43 12
O
p
eratin
g
Profi
t
(b) 1,506 1,357 1,262 1,153 1,155
Interest expense, ne
t
226 166 154 127 129
Income before income taxes 1,280 1,191 1,108 1,026 1,026
N
et income 964 909 824 762 740
B
asic earnings per common share(c) 2.03 1.74 1.51 1.33 1.27
D
iluted earnings per common share(c) 1.96 1.68 1.46 1.28 1.21
Cash Flow Data
P
rovided by operating activities $ 1,521 $ 1,551 $ 1,257 $ 1,233 $ 1,186
Capital spending, excluding acquisitions 935 726 572 609 645
P
roceeds from refranchising of restaurants 266 117 257 145 140
R
epurchase shares of Common Stoc
k
1,628 1,410 983 1,056 569
D
ividends paid on Common Stock 322 273 144 123 58
B
alance Sheet
Total assets $ 6,527 $ 7,188 $ 6,368 $ 5,797 $ 5,696
L
ong-term debt 3,564 2,924 2,045 1,649 1,731
Total deb
t
3,589 3,212 2,272 1,860 1,742
Other Data
N
umber of stores at year end
Company 7,568 7,625 7,736 7,587 7,743
Unconsolidated Affiliates 645 1,314 1,206 1,648 1,662
Franchisees 25,911 24,297 23,516 22,666 21,858
Licensees 2,168 2,109 2,137 2,376 2,345
S
y
ste
m
36,292 35,345 34,595 34,277 33,608
U
.S. same store sales growth(d) 2% — 1% 3% 3%
Y
RI system sales growth(d)
Reported 10% 15% 7% 9% 14%
Local currency(e) 8% 10% 7% 6% 6%
China Division system sales growth(d)
Reported 31% 31% 26% 13% 23%
Local currency(e) 20% 24% 23% 11% 23%
Shares outstanding at year end(c) 459 499 530 556 581
Cash dividends declared per Common Stock(c) $ 0.72 $ 0.45 $ 0.43 $ 0.22 $ 0.15
M
arket
p
rice
p
er share at
y
ear end (c) $ 30.28 $ 38.54 $ 29.40 $ 23.44 $ 23.14
Form 10-K