Pizza Hut 2012 Annual Report Download - page 143

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YUM! BRANDS, INC.-2012 Form10-K 51
Form 10-K
PART II
ITEM 8Financial Statements andSupplementaryData
The following table summarizes the 2012 and 2011 activity related to reserves for remaining lease obligations for closed stores.
Beginning
Balance
Amounts
Used
New
Decisions
Estimate/
Decision
Changes CTA/Other Ending Balance
2012 Activity $ 34 (14) 3 3 1 $ 27
2011 Activity $ 28 (12) 17 2 (1) $ 34
NOTE5 Supplemental Cash Flow Data
2012 2011 2010
Cash Paid For:
Interest $ 166 $ 199 $ 190
Income taxes 417 349 357
Signifi cant Non-Cash Investing and Financing Activities:
Capital lease obligations incurred $ 17 $ 58 $ 16
Capital lease obligations relieved, primarily through divestitures 112 65 1
Increase (decrease) in accrued capital expenditures 35 55 51
NOTE6 Franchise and License Fees and Income
2012 2011 2010
Initial fees, including renewal fees $ 92 $ 83 $ 68
Initial franchise fees included in Refranchising (gain) loss (24) (21) (15)
68 62 53
Continuing fees and rental income 1,732 1,671 1,507
$ 1,800 $ 1,733 $ 1,560
NOTE7 Other (Income) Expense
2012 2011 2010
Equity income from investments in unconsolidated affi liates $ (47) $ (47) $ (42)
Gain upon acquisition of Little Sheep(a) (74) — —
Foreign exchange net (gain) loss and other(b) 6 (6) (1)
Other (income) expense $ (115 ) $ (53 ) $ (43 )
(a) See Note4 for further details on the acquisition of Little Sheep.
(b) Includes $6million for the year ended December29, 2012 of deal costs related to the acquisition of Little Sheep that were allocated to the China Division for performance reporting purposes.
NOTE8 Supplemental Balance Sheet Information
Prepaid Expenses and Other Current Assets 2012 2011
Income tax receivable $ 55 $ 150
Assets held for sale(a) 56 24
Other prepaid expenses and current assets 161 164
$ 272 $ 338
(a) Primarily reflects restaurants we have offered for sale to franchisees.