$YUM

YUM BRANDS INC

CIK:0001041061|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2026

Jun. 30, 2025

Jun. 30, 2026

Jun. 30, 2025

Revenues

Total Revenues

$ 2,169

$ 1,933

$ 4,228

$ 3,720

Costs and Expenses, Net

Company restaurant expenses

700

560

1,378

1,081

General and Administrative Expense

324

302

646

604

Franchise and property expenses

Franchise advertising and other services expense

444

428

863

824

Refranchising (gain) loss

(1)

(11)

(2)

(16)

Other (income) expense

(7)

(39)

(15)

Total costs and expenses, net

1,514

1,311

2,930

2,550

Operating Profit

^[1]

655

622

1,299

1,170

Investment (income) expense, net

^[1]

(6)

^[2]

(6)

^[2]

(1)

^[2]

Other pension (income) expense

^[1]

(1)

Interest expense, net

^[1]

128

123

257

243

Income Before Income Taxes

533

499

1,049

929

Income tax provision

(320)

125

(236)

301

Net Income

$ 853

$ 374

$ 1,285

$ 628

Basic Earnings Per Common Share

$ 3.10

$ 1.34

$ 4.65

$ 2.25

Diluted Earnings Per Common Share

3.08

1.33

4.62

2.23

Dividends Declared Per Common Share

$ 0.75

$ 0.71

$ 1.50

$ 1.42

Company Sales

Revenues

Revenues

$ 837

$ 669

$ 1,622

$ 1,277

Franchise and property revenues

Revenues

Revenues

895

835

1,751

1,620

Franchise contributions for advertising and other services

Revenues

Revenues

$ 438

$ 428

$ 856

$ 823

[1]	Amounts have not been allocated to any segment for performance reporting purposes.
[2]	The United States and United Kingdom represented 10% or more of our total revenues for all periods presented.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions

6 Months Ended

Jun. 30, 2026

Jun. 30, 2025

Cash Flows - Operating Activities

Net Income

$ 1,285

$ 628

Depreciation and amortization

^[1]

119

Refranchising (gain) loss

(2)

(16)

Investment (income) expense, net

^[2],[3]

(6)

(1)

Deferred income taxes

(411)

Share-based compensation expense

Changes in accounts and notes receivable

Changes in prepaid expenses and other current assets

(43)

(47)

Changes in accounts payable and other current liabilities

(71)

(42)

Changes in income taxes payable

(17)

Other, net

134

Net Cash Provided by Operating Activities

923

850

Cash Flows - Investing Activities

Capital spending

(175)

(142)

Proceeds from Sale of Productive Assets

Payments to Acquire Short-Term Investments

Other, net

(13)

Net Cash Used in Investing Activities

(169)

(130)

Cash Flows - Financing Activities

Repayments of long-term debt

(14)

(12)

Revolving credit facilities, three months or less, net

375

Repurchase shares of Common Stock

(674)

(338)

Dividends paid on Common Stock

(413)

(395)

Other, net

(31)

(46)

Cash Provided by (Used in) Financing Activity, Including Discontinued Operation

(757)

(741)

Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents

(4)

Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect, Continuing Operation

(7)

Net Increase (Decrease) in Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents

(39)

Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect, Discontinued Operation

(32)

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents - Beginning of Period

923

807

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents - End of Period

884

818

Other

Cash Flows - Financing Activities

Payments to Acquire Long-Term Investments

$ (5)

$ (98)

[1]	The amounts of depreciation and amortization disclosed by reportable segment are primarily included within the segment expense captions of Company restaurant expenses and G&A expenses
[2]	Amounts have not been allocated to any segment for performance reporting purposes.
[3]	The United States and United Kingdom represented 10% or more of our total revenues for all periods presented.

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Current Assets
Cash and cash equivalents	$ 674	$ 709
Accounts and notes receivable, net	623	841
Prepaid Expense and Other Assets, Current	498	489
Disposal Group, Including Discontinued Operation, Assets	746	1
Total Current Assets	2,541	2,040
Property, plant and equipment, net	1,614	1,605
Goodwill	716	969
Intangible assets, net	807	909
Other assets	1,629	1,708
Deferred Income Taxes	1,373	965
Total Assets	8,682	8,197
Current Liabilities
Accounts payable and other current liabilities	1,191	1,433
Income taxes payable	26	46
Short-term borrowings	2,813	38
Disposal Group, Including Discontinued Operation, Liabilities	262	0
Total Current Liabilities	4,292	1,516
Long-term debt	9,462	11,872
Other liabilities and deferred credits	2,035	2,133
Total Liabilities	15,789	15,521
Shareholders' Equity
Common Stock, no par value, 750 shares authorized; 280 shares issued in 2024 and 281 issued in 2023	0	0
Accumulated Deficit	(6,809)	(7,014)
Accumulated other comprehensive loss	(298)	(311)
Total Shareholders' Deficit	(7,107)	(7,325)
Total Liabilities and Shareholders' Deficit	$ 8,682	$ 8,197