Pizza Hut 2009 Annual Report Download - page 206

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115
Note 22 – Selected Quarterly Financial Data (Unaudited)
2009
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
Total
Revenues:
Company sales $ 1,918 $ 2,152 $ 2,432 $ 2,911 $ 9,413
Franchise and license fees and income 299 324 346 454 1,423
Total revenues 2,217 2,476 2,778 3,365 10,836
Restaurant profit 308 324 425 422 1,479
Operating Profit(a) 351 394 470 375 1,590
N
et Income – YUM! Brands, Inc. 218 303 334 216 1,071
Basic earnings per common share 0.47 0.65 0.71 0.46 2.28
Diluted earnings per common share 0.46 0.63 0.69 0.45 2.22
Dividends declared per common share — 0.38 — 0.42 0.80
2008
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
Total
Revenues:
Company sales $ 2,094 $ 2,323 $ 2,482 $ 2,944 $ 9,843
Franchise and license fees and income 319 336 360 446 1,461
Total revenues 2,413 2,659 2,842 3,390 11,304
Restaurant profit 308 311 358 401 1,378
Operating Profit(b) 426 317 411 363 1,517
N
et Income – YUM! Brands, Inc. 254 224 282 204 964
Basic earnings per common share 0.52 0.47 0.60 0.44 2.03
Diluted earnings per common share 0.50 0.45 0.58 0.43 1.96
Dividends declared per common share 0.15 0.19 — 0.38 0.72
(a)
I
ncludes net losses of $17 million, $3 million and $22 million in the first, third and fourth quarters of 2009,
respectively, and a net gain of $60 million in the second quarter of 2009 related to the consolidation of a former
unconsolidated affiliate, charges related to the U.S. business transformation measures and an impairment of an
i
nternational market. See Note 5.
(b)
I
ncludes a net gain of $68 million, net loss of $3 million and net loss of $26 million in the first, second and
fourth quarters of 2008, respectively, related to the gain on the sale of our interest in our Japan unconsolidated
a
ffiliate and charges related to the U.S. business transformation measures. See Note 5.
Form 10-K