Yum! Brands (YUM) FY2022 results: revenue $6.8 billion, up 3.9% on the year
Yum! Brands, Inc. (YUM) reported revenue of $6.8 billion for fiscal 2022, the year ended 31 December 2022, up 3.9% on the year before. Net income was $1.3 billion, down 15.9%, and diluted earnings per share $4.57. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2023.
Revenue
$6.8 billion
+3.9% on the year
FY2015FY2022
Operating margin
32.0%
32.5% a year earlier
FY2015FY2022
Net income
$1.3 billion
-15.9% on the year
FY2015FY2022
Diluted EPS
$4.57
-12.3% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
1,427
1,706
1,305
-16.4%
Capital expenditure
279
230
160
+21.3%
Free cash flow
1,148
1,476
1,145
-22.2%
Free cash flow margin
16.8%
22.4%
20.3%
Cash from investing
-202
-173
-335
Cash from financing
-1,323
-1,767
-738
Depreciation and amortisation
146
164
146
-11.0%
Share-based compensation
84.0
75.0
97.0
+12.0%
Buybacks
1,200
1,591
239
-24.6%
Dividends paid
649
592
566
+9.6%
Dividend per share
$2.28
$2.00
$1.88
+14.0%
Diluted shares, weighted
290m
302m
307m
-4.0%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
-8,876
-8,373
-7,891
Debt
11,851
11,246
10,725
+5.4%
Operating lease liabilities
731
793
823
-7.8%
Finance lease liabilities
57.0
64.0
72.0
-10.9%
Other liabilities
2,083
2,236
2,123
-6.8%
Total liabilities and equity
5,846
5,966
5,852
-2.0%
Fixed assets
1,171
1,207
1,235
-3.0%
Goodwill
638
657
597
-2.9%
Intangible assets
354
359
343
-1.4%
Cash and equivalents
367
486
730
-24.5%
Other assets
3,316
3,257
2,947
+1.8%
Total assets
5,846
5,966
5,852
-2.0%
10-K for the year ended 31 December 2022, filed 27 February 2023: the filing.