2012 Q1 Form 10-Q Financial Statement

#000104106112000013 Filed on April 25, 2012

View on sec.gov

Income Statement

Concept 2012 Q1 2011 Q1
Revenue $2.743B $2.425B
YoY Change 13.11% 3.41%
Cost Of Revenue $1.904B $1.691B
YoY Change 12.6% 52.48%
Gross Profit $839.0M $734.0M
YoY Change 14.31% -40.61%
Gross Profit Margin 30.59% 30.27%
Selling, General & Admin $896.0M $823.0M
YoY Change 8.87% 0.98%
% of Gross Profit 106.79% 112.13%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $127.0M $123.0M
YoY Change 3.25% 3.36%
% of Gross Profit 15.14% 16.76%
Operating Expenses $896.0M $823.0M
YoY Change 8.87% 0.98%
Operating Profit $645.0M $401.0M
YoY Change 60.85% 10.16%
Interest Expense -$32.00M -$24.00M
YoY Change 33.33% -22.58%
% of Operating Profit -4.96% -5.99%
Other Income/Expense, Net
YoY Change
Pretax Income $608.0M $358.0M
YoY Change 69.83% 10.84%
Income Tax $147.0M $91.00M
% Of Pretax Income 24.18% 25.42%
Net Earnings $458.0M $264.0M
YoY Change 73.48% 9.54%
Net Earnings / Revenue 16.7% 10.89%
Basic Earnings Per Share $0.99 $0.56
Diluted Earnings Per Share $0.96 $0.54
COMMON SHARES
Basic Shares Outstanding 465.0M shares 473.0M shares
Diluted Shares Outstanding 478.0M shares 486.0M shares

Balance Sheet

Concept 2012 Q1 2011 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.099B $1.529B
YoY Change -28.12% 244.37%
Cash & Equivalents $1.099B $1.529B
Short-Term Investments
Other Short-Term Assets $694.0M $440.0M
YoY Change 57.73% -19.12%
Inventory $291.0M $156.0M
Prepaid Expenses
Receivables $341.0M $311.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.425B $2.436B
YoY Change -0.45% 73.5%
LONG-TERM ASSETS
Property, Plant & Equipment $4.041B $3.852B
YoY Change 4.91% 2.28%
Goodwill $962.0M
YoY Change
Intangibles $811.0M
YoY Change
Long-Term Investments $33.00M $135.0M
YoY Change -75.56% 8.87%
Other Assets $531.0M $926.0M
YoY Change -42.66% 20.1%
Total Long-Term Assets $6.918B $5.990B
YoY Change 15.49% 4.41%
TOTAL ASSETS
Total Short-Term Assets $2.425B $2.436B
Total Long-Term Assets $6.918B $5.990B
Total Assets $9.343B $8.426B
YoY Change 10.88% 17.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.752B $1.396B
YoY Change 25.5% 2.42%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $319.0M $0.00
YoY Change
Long-Term Debt Due $319.0M $670.0M
YoY Change -52.39% 1096.43%
Total Short-Term Liabilities $2.391B $2.288B
YoY Change 4.5% 43.36%
LONG-TERM LIABILITIES
Long-Term Debt $3.006B $2.918B
YoY Change 3.02% -9.35%
Other Long-Term Liabilities $1.667B $1.361B
YoY Change 22.48% 12.57%
Total Long-Term Liabilities $4.673B $4.279B
YoY Change 9.21% -3.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.391B $2.288B
Total Long-Term Liabilities $4.673B $4.279B
Total Liabilities $7.064B $6.643B
YoY Change 6.34% 8.94%
SHAREHOLDERS EQUITY
Retained Earnings $2.362B
YoY Change
Common Stock $5.000M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.142B $1.783B
YoY Change
Total Liabilities & Shareholders Equity $9.343B $8.426B
YoY Change 10.88% 17.99%

Cashflow Statement

Concept 2012 Q1 2011 Q1
OPERATING ACTIVITIES
Net Income $458.0M $264.0M
YoY Change 73.48% 9.54%
Depreciation, Depletion And Amortization $127.0M $123.0M
YoY Change 3.25% 3.36%
Cash From Operating Activities $473.0M $508.0M
YoY Change -6.89% 29.59%
INVESTING ACTIVITIES
Capital Expenditures $173.0M $173.0M
YoY Change 0.0% -206.13%
Acquisitions $540.0M $1.000M
YoY Change 53900.0%
Other Investing Activities $1.000M -$4.000M
YoY Change -125.0% -108.51%
Cash From Investing Activities -$391.0M -$156.0M
YoY Change 150.64% 34.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $78.00M $152.0M
YoY Change -48.68%
Debt Paid & Issued, Net $3.000M $4.000M
YoY Change -25.0%
Cash From Financing Activities -$188.0M -$261.0M
YoY Change -27.97% 37.37%
NET CHANGE
Cash From Operating Activities $473.0M $508.0M
Cash From Investing Activities -$391.0M -$156.0M
Cash From Financing Activities -$188.0M -$261.0M
Net Change In Cash -$106.0M $91.00M
YoY Change -216.48% 5.81%
FREE CASH FLOW
Cash From Operating Activities $473.0M $508.0M
Capital Expenditures $173.0M $173.0M
Free Cash Flow $300.0M $335.0M
YoY Change -10.45% -39.64%

Facts In Submission

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CY2011Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
1000000 USD
CY2012Q1 us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
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CY2011Q1 us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
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CY2011Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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CY2012Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
5000000 USD
CY2012Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
78000000 USD
CY2011Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
152000000 USD
CY2011Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
118000000 USD
CY2012Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
131000000 USD
CY2012Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
540000000 USD
CY2011Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
1000000 USD
CY2011Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
173000000 USD
CY2012Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
184000000 USD
CY2012Q1 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
79000000 USD
CY2011Q1 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
0 USD
CY2011Q1 us-gaap Pension Contributions
PensionContributions
3000000 USD
CY2012Q1 us-gaap Pension Contributions
PensionContributions
8000000 USD
CY2012Q1 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
102000000 USD
CY2011Q1 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
14000000 USD
CY2011Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-4000000 USD
CY2012Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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CY2012Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
4000000 USD
CY2011Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
CY2012Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
16000000 USD
CY2011Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
9000000 USD
CY2012Q1 us-gaap Profit Loss
ProfitLoss
461000000 USD
CY2011Q1 us-gaap Profit Loss
ProfitLoss
267000000 USD
CY2012Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
7274000000 USD
CY2011Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
7267000000 USD
CY2012Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4041000000 USD
CY2011Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4042000000 USD
CY2012Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
3000000 USD
CY2011Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
4000000 USD
CY2012Q1 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
0 USD
CY2011Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
300000000 USD
CY2012Q1 us-gaap Retained Earnings Accumulated Deficit
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2362000000 USD
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2052000000 USD
CY2012Q1 us-gaap Revenues
Revenues
2743000000 USD
CY2011Q1 us-gaap Revenues
Revenues
2425000000 USD
CY2011Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
2051000000 USD
CY2012Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
2344000000 USD
CY2011Q1 us-gaap Share Based Compensation
ShareBasedCompensation
13000000 USD
CY2012Q1 us-gaap Share Based Compensation
ShareBasedCompensation
11000000 USD
CY2012Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
319000000 USD
CY2011Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
320000000 USD
CY2012Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount
860000000 USD
CY2012Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
1219000 shares
CY2011Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
2873000 shares
CY2011Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
142000000 USD
CY2012Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
78000000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
1823000000 USD
CY2012Q1 us-gaap Stockholders Equity
StockholdersEquity
2142000000 USD
CY2012Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2279000000 USD
CY2012Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
465000000 shares
CY2011Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
473000000 shares
CY2011Q4 yum Accounts Notes And Loans Receivable Gross Current
AccountsNotesAndLoansReceivableGrossCurrent
308000000 USD
CY2012Q1 yum Accounts Notes And Loans Receivable Gross Current
AccountsNotesAndLoansReceivableGrossCurrent
364000000 USD
CY2012Q1 yum Minimum Statutory Damages Per Offense Under California Disabled Persons Act
MinimumStatutoryDamagesPerOffenseUnderCaliforniaDisabledPersonsAct
1000 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1916000000 USD
CY2011Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
486000000 shares
CY2012Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
478000000 shares
CY2012Q1 yum Advertising Cooperative Assets Restricted
AdvertisingCooperativeAssetsRestricted
139000000 USD
CY2011Q4 yum Advertising Cooperative Assets Restricted
AdvertisingCooperativeAssetsRestricted
114000000 USD
CY2011Q4 yum Advertising Cooperative Liabilities
AdvertisingCooperativeLiabilities
114000000 USD
CY2012Q1 yum Advertising Cooperative Liabilities
AdvertisingCooperativeLiabilities
139000000 USD
CY2011Q4 yum Allowance For Doubtful Accounts Notes And Loans Receivable Current
AllowanceForDoubtfulAccountsNotesAndLoansReceivableCurrent
22000000 USD
CY2012Q1 yum Allowance For Doubtful Accounts Notes And Loans Receivable Current
AllowanceForDoubtfulAccountsNotesAndLoansReceivableCurrent
23000000 USD
CY2012Q1 yum Closures And Impairment Expenses
ClosuresAndImpairmentExpenses
1000000 USD
CY2011Q1 yum Closures And Impairment Expenses
ClosuresAndImpairmentExpenses
69000000 USD
CY2012Q1 yum Fiscal Period Adjustment
FiscalPeriodAdjustment
53rd
CY2012Q1 yum Fiscal Period Adjustment Frequency
FiscalPeriodAdjustmentFrequency
five or six
CY2012Q1 yum Fiscal Period Months Standard First Quarter
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2 Months
CY2012Q1 yum Fiscal Period Months Standard Fourth Quarter
FiscalPeriodMonthsStandardFourthQuarter
4 Months
CY2012Q1 yum Fiscal Period Months Standard Second And Third Quarters
FiscalPeriodMonthsStandardSecondAndThirdQuarters
3 Months
CY2012Q1 yum Fiscal Period Weeks Adjusted Fourth Quarter
FiscalPeriodWeeksAdjustedFourthQuarter
17 weeks
CY2012Q1 yum Fiscal Period Weeks Standard
FiscalPeriodWeeksStandard
12 weeks
CY2012Q1 yum Fiscal Period Weeks Standard Fourth Quarter
FiscalPeriodWeeksStandardFourthQuarter
16 weeks
CY2012Q1 yum Loss Contingency Number Of Plaintiffs
LossContingencyNumberOfPlaintiffs
100000 plaintiffs
CY2012Q1 yum Minimum Statutory Damages Per Offense Under Unruh Act
MinimumStatutoryDamagesPerOffenseUnderUnruhAct
4000 USD
CY2012Q1 yum Motion To Stay Proceedings Until Rulings On Other Cases Concerning Meal And Rest Breaks Number Of Cases
MotionToStayProceedingsUntilRulingsOnOtherCasesConcerningMealAndRestBreaksNumberOfCases
2 cases
CY2012Q1 yum Number Of Alleged Violations Of Ada And State Law Tried
NumberOfAllegedViolationsOfAdaAndStateLawTried
12 violations
CY2012Q1 yum Number Of Company Owned Restaurants That May Be In Class
NumberOfCompanyOwnedRestaurantsThatMayBeInClass
220 restaurants
CY2012Q1 yum Number Of Days Trade Receivables Are Due Within After Sale Occurs
NumberOfDaysTradeReceivablesAreDueWithinAfterSaleOccurs
30 days
CY2012Q1 yum Number Of Hours Worked Per Day After Which Overtime Pay Was Allegedly Not Received
NumberOfHoursWorkedPerDayAfterWhichOvertimePayWasAllegedlyNotReceived
12 Hours
CY2012Q1 yum Number Of Hours Worked Per Week After Which Overtime Pay Was Allegedly Not Received
NumberOfHoursWorkedPerWeekAfterWhichOvertimePayWasAllegedlyNotReceived
40 Hours
CY2012Q1 yum Number Of Periods Or Months In Advance That All International Businesses Except China Close Their Books
NumberOfPeriodsOrMonthsInAdvanceThatAllInternationalBusinessesExceptChinaCloseTheirBooks
1 Months
CY2012Q1 yum Number Of Reporting Segments
NumberOfReportingSegments
4 operating_segments
CY2012Q1 yum Number Of Restaurant To Be Subject Of Trial On Ada Claims
NumberOfRestaurantToBeSubjectOfTrialOnAdaClaims
1 restaurants
CY2012Q1 yum Number Of States That Assert State Law Class Action Claims
NumberOfStatesThatAssertStateLawClassActionClaims
16 States
CY2012Q1 yum Other Income Expense
OtherIncomeExpense
-79000000 USD
CY2011Q1 yum Other Income Expense
OtherIncomeExpense
-19000000 USD
CY2012Q1 yum Other Liabilities And Deferred Credits
OtherLiabilitiesAndDeferredCredits
1667000000 USD
CY2011Q4 yum Other Liabilities And Deferred Credits
OtherLiabilitiesAndDeferredCredits
1471000000 USD
CY2011Q1 yum Other Non Cash Charges And Credits Net
OtherNonCashChargesAndCreditsNet
34000000 USD
CY2012Q1 yum Other Non Cash Charges And Credits Net
OtherNonCashChargesAndCreditsNet
39000000 USD
CY2012Q1 yum Prepaid Expenses And Other Current Assets
PrepaidExpensesAndOtherCurrentAssets
427000000 USD
CY2011Q4 yum Prepaid Expenses And Other Current Assets
PrepaidExpensesAndOtherCurrentAssets
338000000 USD
CY2010 yum Share Repurchases Prior To Current Reporting Date But With Settlement Dates Subsequent To Current Reporting Date
ShareRepurchasesPriorToCurrentReportingDateButWithSettlementDatesSubsequentToCurrentReportingDate
400000 shares
CY2011Q1 yum Share Repurchases Prior To Current Reporting Date But With Settlement Dates Subsequent To Current Reporting Date
ShareRepurchasesPriorToCurrentReportingDateButWithSettlementDatesSubsequentToCurrentReportingDate
200000 shares
CY2010 yum Value Of Share Repurchases Prior To Current Reporting Date But With Settlement Dates Subsequent To Current Reporting Date
ValueOfShareRepurchasesPriorToCurrentReportingDateButWithSettlementDatesSubsequentToCurrentReportingDate
19000000 USD
CY2011Q1 yum Value Of Share Repurchases Prior To Current Reporting Date But With Settlement Dates Subsequent To Current Reporting Date
ValueOfShareRepurchasesPriorToCurrentReportingDateButWithSettlementDatesSubsequentToCurrentReportingDate
9000000 USD
CY2012Q1 dei Amendment Flag
AmendmentFlag
false
CY2012Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-29
CY2012Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2012Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2012Q1 dei Document Period End Date
DocumentPeriodEndDate
2012-03-24
CY2012Q1 dei Document Type
DocumentType
10-Q
CY2012Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001041061
CY2012Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
460558880 shares
CY2012Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2012Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2011Q2 dei Entity Public Float
EntityPublicFloat
19523128212 USD
CY2012Q1 dei Entity Registrant Name
EntityRegistrantName
YUM BRANDS INC
CY2012Q1 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2012Q1 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

Files In Submission

Name View Source Status
0001041061-12-000013-index-headers.html Edgar Link pending
0001041061-12-000013-index.html Edgar Link pending
0001041061-12-000013.txt Edgar Link pending
0001041061-12-000013-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
R1.htm Edgar Link pending
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report.css Edgar Link pending
Show.js Edgar Link pending
yum-20120324.xml Edgar Link completed
yum-20120324.xsd Edgar Link pending
yum-20120324_cal.xml Edgar Link unprocessable
yum-20120324_def.xml Edgar Link unprocessable
yum-20120324_lab.xml Edgar Link unprocessable
yum-20120324_pre.xml Edgar Link unprocessable
yum-3242012x10q.htm Edgar Link pending
yum-3242012xex1026.htm Edgar Link pending
yum-3242012xex15.htm Edgar Link pending
yum-3242012xex311.htm Edgar Link pending
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yum-3242012xex321.htm Edgar Link pending
yum-3242012xex322.htm Edgar Link pending