Yum! Brands (YUM) FY2016 results: revenue $6.4 billion, down 1.0% on the year
Yum! Brands, Inc. (YUM) reported revenue of $6.4 billion for fiscal 2016, the year ended 31 December 2016, down 1.0% on the year before. Net income was $1.6 billion, up 28.1%, and diluted earnings per share $4.10. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2018.
Revenue
$6.4 billion
-1.0% on the year
FY2009FY2016
Operating margin
26.5%
22.3% a year earlier
FY2009FY2016
Net income
$1.6 billion
+28.1% on the year
FY2009FY2016
Diluted EPS
$4.10
+41.4% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
6,356
6,418
13,279
-1.0%
Cost of revenue
n/a
n/a
9,682
Gross profit
n/a
n/a
3,597
Gross margin
n/a
n/a
27.1%
Research and development
n/a
n/a
30.0
Operating income
1,682
1,434
1,517
+17.3%
Operating margin
26.5%
22.3%
11.4%
Interest expense
331
153
151
+116.3%
Pre-tax income
1,345
1,253
1,374
+7.3%
Income tax
n/a
n/a
406
Effective tax rate
n/a
n/a
29.5%
Net income
1,643
1,283
1,051
+28.1%
Net margin
25.8%
20.0%
7.9%
Diluted EPS
$4.10
$2.90
$2.32
+41.4%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
n/a
n/a
2,049
Capital expenditure
n/a
n/a
1,033
Free cash flow
n/a
n/a
1,016
Free cash flow margin
n/a
n/a
7.7%
Cash from investing
n/a
n/a
-936
Cash from financing
n/a
n/a
-1,114
Depreciation and amortisation
310
319
328
-2.8%
Share-based compensation
n/a
n/a
55.0
Buybacks
n/a
n/a
820
Dividends paid
n/a
n/a
669
Dividend per share
$1.73
$1.74
$1.56
-0.6%
Diluted shares, weighted
400m
443m
453m
-9.7%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
-5,612
n/a
1,547
Non-controlling interest
n/a
n/a
57.0
Redeemable equity
n/a
n/a
9.0
Short-term borrowings
66.0
n/a
n/a
Debt
9,061
n/a
3,344
Other liabilities
1,938
n/a
3,388
Total liabilities and equity
5,453
n/a
8,345
Fixed assets
2,113
n/a
4,498
Goodwill
536
n/a
700
Intangible assets
151
n/a
318
Cash and equivalents
725
n/a
578
Inventory
37.0
n/a
301
Other assets
1,891
n/a
1,950
Total assets
5,453
n/a
8,345
10-K for the year ended 31 December 2016, filed 22 February 2018: the filing.