Pizza Hut 2012 Annual Report Download - page 106

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YUM! BRANDS, INC.-2012 Form10-K 14
Form 10-K
PART II
ITEM 6 Selected Financial Data
SELECTED FINANCIAL DATA YUM! BRANDS, INC. AND SUBSIDIARIES
(in millions, except per share and unit amounts)
Fiscal Year
2012 2011 2010 2009 2008
Summary of Operations
Revenues
Company sales $ 11,833 $ 10,893 $ 9,783 $ 9,413 $ 9,843
Franchise and license fees and income 1,800 1,733 1,560 1,423 1,461
Total 13,633 12,626 11,343 10,836 11,304
Closures and impairment income (expenses)(a) (37) (135) (47) (103) (43)
Refranchising gain (loss)(a) 78 (72) (63) 26 5
Operating Profi t(b) 2,294 1,815 1,769 1,590 1,517
Interest expense, net 149 156 175 194 226
Income before income taxes 2,145 1,659 1,594 1,396 1,291
Net Income – including noncontrolling interest 1,608 1,335 1,178 1,083 972
Net Income – YUM! Brands, Inc. 1,597 1,319 1,158 1,071 964
Basic earnings per common share 3.46 2.81 2.44 2.28 2.03
Diluted earnings per common share 3.38 2.74 2.38 2.22 1.96
Diluted earnings per common share before Special Items(b) 3.25 2.87 2.53 2.17 1.91
Cash Flow Data
Provided by operating activities $ 2,294 $ 2,170 $ 1,968 $ 1,404 $ 1,521
Capital spending, excluding acquisitions and investments 1,099 940 796 797 935
Proceeds from refranchising of restaurants 364 246 265 194 266
Repurchase shares of Common Stock 965 752 371 — 1,628
Dividends paid on Common Stock 544 481 412 362 322
Balance Sheet
Total assets $ 9,011 $ 8,834 $ 8,316 $ 7,148 $ 6,527
Long-term debt 2,932 2,997 2,915 3,207 3,564
Total debt 2,942 3,317 3,588 3,266 3,589
Other Data
Number of stores at year end
Company 7,578 7,437 7,271 7,666 7,568
Unconsolidated Affi liates 660 587 525 469 645
Franchisees 28,608 26,928 27,852 26,745 25,911
Licensees 2,168 2,169 2,187 2,200 2,168
System 39,014 37,121 37,835 37,080 36,292
China system sales growth(c)
Reported 23% 35% 18% 11% 33%
Local currency(d) 20% 29% 17% 10% 22%
YRI system sales growth(c)
Reported 2% 12% 9% (4)% 10%
Local currency(d) 5% 7% 4% 5% 8%
India system sales growth(c)
Reported 13% 36% 43% 10% 23%
Local currency(d) 29% 35% 36% 24% 23%
U.S. same store sales growth(c) 5% (1)% 1% (5)% 2%
Shares outstanding at year end 451 460 469 469 459
Cash dividends declared per Common Stock $ 1.24 $ 1.07 $ 0.92 $ 0.80 $ 0.72
Market price per share at year end $ 64.72 $ 59.01 $ 49.66 $ 35.38 $ 30.28