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YUM! BRANDS, INC.-2013 Form10-K22
Form 10-K
PART II
ITEM7Management’s Discussion and Analysis of Financial Condition and Results of Operations
Restaurant Unit Activity
Worldwide Franchisees Company
Unconsolidated
Affiliates
Total Excluding
Licensees(a)
Balance at end of 2011 26,928 7,437 587 34,952
New Builds 1,274 989 82 2,345
Acquisitions(b) 268 204 — 472
Refranchising 897 (897) — —
Closures (756) (155) (9) (920)
Other (3) — — (3)
Balance at end of 2012 28,608 7,578 660 36,846
New Builds 1,358 940 66 2,364
Acquisitions (138) 138 — —
Refranchising 286 (286) — —
Closures (773) (239) (10) (1,022)
Other 8 — — 8
BALANCE AT END OF 2013 29,349 8,131 716 38,196
% of Total 77% 21% 2% 100%
China Franchisees Company
Unconsolidated
Affiliates
Total Excluding
Licensees(a)
Balance at end of 2011 201 3,705 587 4,493
New Builds 25 782 82 889
Acquisitions(b) 273 199 — 472
Refranchising 53 (53) — —
Closures (33) (86) (9) (128)
Balance at end of 2012 519 4,547 660 5,726
New Builds 10 664 66 740
Acquisitions (1) 1 — —
Refranchising 28 (28) — —
Closures (55) (158) (10) (223)
BALANCE AT END OF 2013 501 5,026 716 6,243
% of Total 8% 81% 11% 100%
YRI Franchisees Company
Unconsolidated
Affiliates
Total Excluding
Licensees(a)
Balance at end of 2011 12,476 1,511 — 13,987
New Builds 873 76 — 949
Acquisitions (2) 2 — —
Refranchising 376 (376) — —
Closures (400) (35) — (435)
Other (1) — — (1)
Balance at end of 2012 13,322 1,178 — 14,500
New Builds 936 119 — 1,055
Acquisitions (112) 112 — —
Refranchising 44 (44) — —
Closures (408) (39) — (447)
Other 2 — — 2
BALANCE AT END OF 2013 13,784 1,326 — 15,110
% of Total 91% 9% —% 100%