Pizza Hut 2011 Annual Report Download - page 2
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Financial Highlights
(In millions, except for per share amounts)
Year-end 2011 2010 % B/(W) change
Company sales $ 10,893 $ 9,783 11
Franchise and license fees and income 1,733 1,560 11
Total revenues $ 12,626 $ 11,343 11
Operating Profit $ 1,815 $ 1,769 3
Net Income – Yum! Brands, Inc. $ 1,319 $ 1,158 14
Diluted Earnings Per Common Share before Special Items (a) $ 2.87 $ 2.53 14
Special Items Earnings Per Common Share (a) (0.13) (0.15) NM
Reported Diluted Earnings Per Common Share $ 2.74 $ 2.38 15
Cash Flows Provided by Operating Activities $ 2,170 $ 1,968 10
(a) See page 23 of our 2011 Form 10-K for further discussion of Special Items.
Contents
Dear Partners.....................................................................................1
China and A Whole Lot More .......................................................2–5
Improving US Brand Positions .................................................... 6-7
Core Strategies ...................................................................................... 8
Business Model...................................................................................... 9
Taking People With You ..................................................................... 10
ABOUT THE PAPER USED FOR THIS REPORT
The inks used in the printing of this report contain an average of 25% - 35% vegetable oils from plant
derivatives, a renewable resource. They replace petroleum based inks as an effort to also reduce
volatile organic compounds (VOCs).
The cover and first 14 pages of this report were printed using FSC-certified paper made with 50%
recycled content including 24% post-consumer waste.
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