Yum! Brands (YUM) FY2017 results: revenue $5.9 billion, down 7.5% on the year
Yum! Brands, Inc. (YUM) reported revenue of $5.9 billion for fiscal 2017, the year ended 31 December 2017, down 7.5% on the year before. Net income was $1.3 billion, down 18.4%, and diluted earnings per share $3.77. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2020.
Revenue
$5.9 billion
-7.5% on the year
FY2010FY2017
Operating margin
47.0%
26.5% a year earlier
FY2010FY2017
Net income
$1.3 billion
-18.4% on the year
FY2010FY2017
Diluted EPS
$3.77
-8.0% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
5,878
6,356
6,418
-7.5%
Cost of revenue
2,954
n/a
n/a
Gross profit
2,924
n/a
n/a
Gross margin
49.7%
n/a
n/a
Operating income
2,761
1,682
1,434
+64.1%
Operating margin
47.0%
26.5%
22.3%
Interest expense
473
331
153
+42.9%
Pre-tax income
2,274
1,345
1,253
+69.1%
Income tax
934
n/a
n/a
Effective tax rate
41.1%
n/a
n/a
Net income
1,340
1,643
1,283
-18.4%
Net margin
22.8%
25.8%
20.0%
Diluted EPS
$3.77
$4.10
$2.90
-8.0%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
1,030
n/a
n/a
Capital expenditure
318
n/a
n/a
Free cash flow
712
n/a
n/a
Free cash flow margin
12.1%
n/a
n/a
Cash from investing
1,472
n/a
n/a
Cash from financing
-1,795
n/a
n/a
Depreciation and amortisation
253
310
319
-18.4%
Share-based compensation
65.0
n/a
n/a
Buybacks
1,960
n/a
n/a
Dividends paid
416
n/a
n/a
Dividend per share
$0.90
$1.73
$1.74
-48.0%
Diluted shares, weighted
355m
400m
443m
-11.2%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
-6,334
-5,612
n/a
Short-term borrowings
375
66.0
n/a
+468.2%
Debt
9,429
9,061
n/a
+4.1%
Other liabilities
1,841
1,938
n/a
-5.0%
Total liabilities and equity
5,311
5,453
n/a
-2.6%
Fixed assets
1,697
2,113
n/a
-19.7%
Goodwill
512
536
n/a
-4.5%
Intangible assets
110
151
n/a
-27.2%
Cash and equivalents
1,522
725
n/a
+109.9%
Inventory
n/a
37.0
n/a
Other assets
1,470
1,891
n/a
-22.3%
Total assets
5,311
5,453
n/a
-2.6%
10-K for the year ended 31 December 2017, filed 20 February 2020: the filing.