Yum! Brands (YUM) FY2023 results: revenue $7.1 billion, up 3.4% on the year
Yum! Brands, Inc. (YUM) reported revenue of $7.1 billion for fiscal 2023, the year ended 31 December 2023, up 3.4% on the year before. Net income was $1.6 billion, up 20.5%, and diluted earnings per share $5.59. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2024.
Revenue
$7.1 billion
+3.4% on the year
FY2016FY2023
Operating margin
32.8%
32.0% a year earlier
FY2016FY2023
Net income
$1.6 billion
+20.5% on the year
FY2016FY2023
Diluted EPS
$5.59
+22.3% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
1,603
1,427
1,706
+12.3%
Capital expenditure
285
279
230
+2.2%
Free cash flow
1,318
1,148
1,476
+14.8%
Free cash flow margin
18.6%
16.8%
22.4%
Cash from investing
-107
-202
-173
Cash from financing
-1,429
-1,323
-1,767
Depreciation and amortisation
153
146
164
+4.8%
Share-based compensation
95.0
84.0
75.0
+13.1%
Buybacks
50.0
1,200
1,591
-95.8%
Dividends paid
678
649
592
+4.5%
Dividend per share
$2.42
$2.28
$2.00
+6.1%
Diluted shares, weighted
285m
290m
302m
-1.7%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
-7,858
-8,876
-8,373
Short-term borrowings
53.0
n/a
n/a
Debt
11,142
11,851
11,246
-6.0%
Operating lease liabilities
757
731
793
+3.6%
Finance lease liabilities
50.0
57.0
64.0
-12.3%
Other liabilities
2,087
2,083
2,236
+0.2%
Total liabilities and equity
6,231
5,846
5,966
+6.6%
Fixed assets
1,197
1,171
1,207
+2.2%
Goodwill
642
638
657
+0.6%
Intangible assets
377
354
359
+6.5%
Investments
0.0
n/a
n/a
Cash and equivalents
512
367
486
+39.5%
Other assets
3,503
3,316
3,257
+5.6%
Total assets
6,231
5,846
5,966
+6.6%
10-K for the year ended 31 December 2023, filed 20 February 2024: the filing.