Pizza Hut 2010 Annual Report Download - page 219

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122
Note 20 – Selected Quarterly Financial Data (Unaudited)
2010
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
Total
Revenues:
Com
p
an
y
sales $ 1,996 $ 2,220 $ 2,496 $ 3,071 $ 9,783
Franchise and license fees and income 349 354 366 491 1,560
Total revenues 2
,
345 2
,
574 2
,
862 3
,
562 11
,
343
Restaurant
p
rofi
t
340 366 479 478 1,663
O
p
eratin
g
Profi
t
(a) 364 421 544 440 1,769
N
e
t
Income – YUM! Brands, Inc. 241 286 357 274 1,158
Basic earnin
g
s
p
er common share 0.51 0.61 0.76 0.58 2.44
Diluted earnin
g
s
p
e
r
common share 0.50 0.59 0.74 0.56 2.38
Dividends declared
p
er common share 0.21 0.21 — 0.50 0.92
2009
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
Total
Revenues:
Com
p
an
y
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
p
rofi
t
308 324 425 422 1,479
O
p
eratin
g
Profi
t
(b) 351 394 470 375 1,590
N
et Income – YUM! Brands, Inc. 218 303 334 216 1,071
Basic earnin
g
s
p
er common share 0.47 0.65 0.71 0.46 2.28
Diluted earnin
g
s
p
er common share 0.46 0.63 0.69 0.45 2.22
Dividends declared
p
er common share — 0.38 — 0.42 0.80
(a)
I
ncludes net gains of $6 million and $2 million in the second and third quarters of 2010, respectively, and net
l
osses of $66 million and $19 million in the first and fourth quarters of 2010, respectively, related to the U.S.
b
usiness transformation measures and refranchising international markets. See Note 4.
(b)
I
ncludes net losses of $17 million, $3 million and $22 million in the first, third and fourth quarters of 2009,
r
espectively, and a net gain of $60 million in the second quarter of 2009 related to the consolidation of a former
u
nconsolidated affiliate, charges related to the U.S. business transformation measures and an impairment of an
i
nternational marke
t
. See Note 4.
Form 10-K