Yum! Brands (YUM) FY2021 results: revenue $6.6 billion, up 16.5% on the year
Yum! Brands, Inc. (YUM) reported revenue of $6.6 billion for fiscal 2021, the year ended 31 December 2021, up 16.5% on the year before. Net income was $1.6 billion, up 74.2%, and diluted earnings per share $5.21. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2022.
Revenue
$6.6 billion
+16.5% on the year
FY2014FY2021
Operating margin
32.5%
26.6% a year earlier
FY2014FY2021
Net income
$1.6 billion
+74.2% on the year
FY2014FY2021
Diluted EPS
$5.21
+77.2% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
1,706
1,305
1,315
+30.7%
Capital expenditure
230
160
196
+43.8%
Free cash flow
1,476
1,145
1,119
+28.9%
Free cash flow margin
22.4%
20.3%
20.0%
Cash from investing
-173
-335
-88.0
Cash from financing
-1,767
-738
-938
Depreciation and amortisation
164
146
112
+12.3%
Share-based compensation
75.0
97.0
59.0
-22.7%
Buybacks
1,591
239
815
+565.7%
Dividends paid
592
566
511
+4.6%
Dividend per share
$2.00
$1.88
$1.68
+6.4%
Diluted shares, weighted
302m
307m
313m
-1.6%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
-8,373
-7,891
-8,016
Debt
11,246
10,725
10,562
+4.9%
Operating lease liabilities
793
823
640
-3.6%
Finance lease liabilities
64.0
72.0
70.0
-11.1%
Other liabilities
2,236
2,123
1,975
+5.3%
Total liabilities and equity
5,966
5,852
5,231
+1.9%
Fixed assets
1,207
1,235
1,170
-2.3%
Goodwill
657
597
530
+10.1%
Intangible assets
359
343
244
+4.7%
Cash and equivalents
486
730
605
-33.4%
Other assets
3,257
2,947
2,682
+10.5%
Total assets
5,966
5,852
5,231
+1.9%
10-K for the year ended 31 December 2021, filed 23 February 2022: the filing.