Pizza Hut 2013 Annual Report Download - page 2
Download and view the complete annual report
Please find page 2 of the 2013 Pizza Hut annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2 -
3 -
4 -
5 -
6 -
7 -
8 -
9 -
10 -
11 -
12 -
13 -
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
 |
 |
Financial Highlights
(In millions, except for per share amounts)
Year-end 2013 2012 % B/(W) change
Company sales $ 11,184 $ 11,833 (5)
Franchise and license fees and income 1,900 1,800 6
Total revenues $ 13,084 $ 13,633 (4)
Operating Profit $ 1,798 $ 2,294 (22)
Net Income – Yum! Brands, Inc. $ 1,091 $ 1,597 (32)
Diluted Earnings Per Common Share before Special Items (a) $ 2.97 $ 3.25 (9)
Special Items Earnings Per Common Share (a) (0.61) 0.13 NM
Reported Diluted Earnings Per Common Share $ 2.36 $ 3.38 (30)
Cash Flows Provided by Operating Activities $ 2,139 $ 2,294 (7)
(a) See CR 23 of our 2013 Form 10-K for further discussion of Special Items.
Contents
Dear Partners.....................................................................................1
China ............................................................................................... 2–6
India ..................................................................................................7
Yum! Restaurants International ..................................................... 8-9
U.S. .....................................................................................................10-11
Summary ...........................................................................................12-13
Company with a Huge Heart .............................................................14
Yum! Future Back Vision ..................................................................... 15
Yum! Dynasty Growth Model ............................................................16
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 16 pages of this report were printed using FSC-certified paper made with 50%
recycled content including 24% post-consumer waste.
www.yum.com/annualreport
Amounts set forth on the prior page are system-wide numbers, which include company and franchisee transactions, restaurants and associates.