Pizza Hut 2010 Annual Report Download - page 120
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23
Item 6. Selected Financial Data.
Selected Financial Data
YUM! Brands, Inc. and Subsidiaries
(in millions, except per share and unit amounts)
Fiscal Yea
r
2010 2009 2008 2007 2006
Summar
y
of O
p
erations
R
evenues
Com
p
an
y
sales $ 9
,
783 $ 9
,
413 $ 9
,
843 $ 9
,
100 $ 8
,
365
Franchise and license fees and income 1
,
560 1
,
423 1
,
461 1
,
335 1
,
196
Total 11
,
343 10
,
836 11
,
304 10
,
435 9
,
561
Closures and im
p
airment income
(
ex
p
enses
)
(a)
(
47
)
(
103
)
(
43
)
(
35
)
(
59
)
R
efranchising gain (loss)(b) (63) 26 5 11 24
O
p
eratin
g
Profi
t
(c) 1,769 1,590 1,517 1,357 1,262
Interest expense, ne
t
175 194 226 166 154
Income before income taxes 1,594 1,396 1,291 1,191 1,108
N
et Income
–
includin
g
noncontrollin
g
interes
t
1,178 1,083 972 909 824
N
et Income – YUM! Brands, Inc. 1,158 1,071 964 909 824
B
asic earnings per common share(d) 2.44 2.28 2.03 1.74 1.51
D
iluted earnings per common share(d) 2.38 2.22 1.96 1.68 1.46
D
iluted earnings per common share before special items(e) 2.53 2.17 1.91 1.68 1.46
Cash Flow Data
P
rovided by operating activities $ 1,968 $ 1,404 $ 1,521 $ 1,551 $ 1,257
Capital spending, excluding acquisitions 796 797 935 726 572
P
roceeds from refranchising of restaurants 265 194 266 117 257
R
epurchase shares of Common Stoc
k
371 — 1,628 1,410 983
D
ividends paid on Common Stock 412 362 322 273 144
B
alance Sheet
Total assets $ 8,316 $ 7,148 $ 6,527 $ 7,188 $ 6,368
L
ong-term debt 2,915 3,207 3,564 2,924 2,045
Total deb
t
3,588 3,266 3,589 3,212 2,272
Other Data
N
umber of stores at
y
ear en
d
Company 7,271 7,666 7,568 7,625 7,736
Unconsolidated Affiliates 525 469 645 1,314 1,206
Franchisees 27,852 26,745 25,911 24,297 23,516
Licensees 2,187 2,200 2,168 2,109 2,137
S
y
ste
m
37,835 37,080 36,292 35,345 34,595
China Division system sales growth(f)
Reported 18% 11% 33% 34% 31%
Local currency(g) 17% 10% 22% 28% 29%
Y
RI system sales growth(f)
Reported 10% (4%) 10% 15% 7%
Local currency(g) 4% 5% 8% 10% 7%
U
.S. same store sales growth(f) 1% (5%) 2% — 1%
Shares outstanding at year end(d) 469 469 459 499 530
Cash dividends declared per Common Stock(d) $ 0.92 $ 0.80 $ 0.72 $ 0.45 $ 0.43
M
arket
p
rice
p
er share at
y
ear end (d) $ 49.66 $ 35.38 $ 30.28 $ 38.54 $ 29.40
Form 10-K