Yum! Brands (YUM) FY2015 results: revenue $6.4 billion, down 51.7% on the year
Yum! Brands, Inc. (YUM) reported revenue of $6.4 billion for fiscal 2015, the year ended 31 December 2015, down 51.7% on the year before. Net income was $1.3 billion, up 22.1%, and diluted earnings per share $2.90. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2018.
Revenue
$6.4 billion
-51.7% on the year
FY2008FY2015
Operating margin
22.3%
11.4% a year earlier
FY2008FY2015
Net income
$1.3 billion
+22.1% on the year
FY2008FY2015
Diluted EPS
$2.90
+25.0% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
6,418
13,279
13,084
-51.7%
Cost of revenue
n/a
9,682
9,501
Gross profit
n/a
3,597
3,583
Gross margin
n/a
27.1%
27.4%
Research and development
n/a
30.0
31.0
Operating income
1,434
1,517
1,798
-5.5%
Operating margin
22.3%
11.4%
13.7%
Interest expense
153
151
270
+1.3%
Pre-tax income
1,253
1,374
1,551
-8.8%
Income tax
n/a
406
487
Effective tax rate
n/a
29.5%
31.4%
Net income
1,283
1,051
1,091
+22.1%
Net margin
20.0%
7.9%
8.3%
Diluted EPS
$2.90
$2.32
$2.36
+25.0%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
n/a
2,049
2,139
Capital expenditure
n/a
1,033
1,049
Free cash flow
n/a
1,016
1,090
Free cash flow margin
n/a
7.7%
8.3%
Cash from investing
n/a
-936
-886
Cash from financing
n/a
-1,114
-1,451
Depreciation and amortisation
319
328
721
-2.7%
Share-based compensation
n/a
55.0
49.0
Buybacks
n/a
820
770
Dividends paid
n/a
669
615
Dividend per share
$1.74
$1.56
$1.41
+11.5%
Diluted shares, weighted
443m
453m
461m
-2.2%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
n/a
1,547
2,166
Non-controlling interest
n/a
57.0
63.0
Redeemable equity
n/a
9.0
39.0
Debt
n/a
3,344
2,989
Other liabilities
n/a
3,388
3,438
Total liabilities and equity
n/a
8,345
8,695
Fixed assets
n/a
4,498
4,459
Goodwill
n/a
700
889
Intangible assets
n/a
318
638
Investments
n/a
n/a
10.0
Cash and equivalents
n/a
578
573
Inventory
n/a
301
294
Other assets
n/a
1,950
1,832
Total assets
n/a
8,345
8,695
10-K for the year ended 31 December 2015, filed 22 February 2018: the filing.