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10-Q Filing

YUM BRANDS INC CIK: 1041061 Q1 2017
Filing Information
Form Type 10-Q
Accession Number 0001041061-17-000038
Period End Date 20170331
Filing Date 20170510
Fiscal Year 2017
Fiscal Period Q1
XBRL Instance yum-3312017x10q_htm.xml
Filing Contents
Balance Sheet 56 line items
Line Item Tag Value Unit Period
Common Stock, No Par Value CommonStockNoParValue - USD Point-in-time
Common Stock, No Par Value CommonStockNoParValue - USD Point-in-time
Common Stock, Shares Authorized CommonStockSharesAuthorized 750.00M shares Point-in-time
Common Stock, Shares Authorized CommonStockSharesAuthorized 750.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $725.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $525.00M USD Point-in-time
Common Stock, Shares, Issued CommonStockSharesIssued 355.00M shares Point-in-time
Common Stock, Shares, Issued CommonStockSharesIssued 350.00M shares Point-in-time
Accounts and notes receivable, net AccountsNotesAndLoansReceivableNetCurrent $370.00M USD Point-in-time
Accounts and notes receivable, net AccountsNotesAndLoansReceivableNetCurrent $355.00M USD Point-in-time
Inventories InventoryNet $34.00M USD Point-in-time
Inventories InventoryNet $37.00M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpensesAndOtherCurrentAssets $236.00M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpensesAndOtherCurrentAssets $215.00M USD Point-in-time
Advertising cooperative assets, restricted AdvertisingCooperativeAssetsRestricted $148.00M USD Point-in-time
Advertising cooperative assets, restricted AdvertisingCooperativeAssetsRestricted $137.00M USD Point-in-time
Total Current Assets AssetsCurrent $1.50B USD Point-in-time
Total Current Assets AssetsCurrent $1.28B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $2.08B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $2.11B USD Point-in-time
Goodwill Goodwill $536.00M USD Point-in-time
Goodwill Goodwill $539.00M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $151.00M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $150.00M USD Point-in-time
Other assets OtherAssetsNoncurrent $357.00M USD Point-in-time
Other assets OtherAssetsNoncurrent $376.00M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $772.00M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $744.00M USD Point-in-time
Total Assets Assets $5.45B USD Point-in-time
Total Assets Assets $5.15B USD Point-in-time
Accounts payable and other current liabilities AccountsPayableAndAccruedLiabilitiesCurrent $972.00M USD Point-in-time
Accounts payable and other current liabilities AccountsPayableAndAccruedLiabilitiesCurrent $1.07B USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $32.00M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $45.00M USD Point-in-time
Short-term borrowings ShortTermBorrowings $393.00M USD Point-in-time
Short-term borrowings ShortTermBorrowings $66.00M USD Point-in-time
Advertising cooperative liabilities AdvertisingCooperativeLiabilities $148.00M USD Point-in-time
Advertising cooperative liabilities AdvertisingCooperativeLiabilities $137.00M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $1.30B USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $1.56B USD Point-in-time
Long-term debt LongTermDebtAndCapitalLeaseObligations $9.06B USD Point-in-time
Long-term debt LongTermDebtAndCapitalLeaseObligations $8.71B USD Point-in-time
Other liabilities and deferred credits OtherLiabilitiesNoncurrent $690.00M USD Point-in-time
Other liabilities and deferred credits OtherLiabilitiesNoncurrent $704.00M USD Point-in-time
Total Liabilities Liabilities $10.96B USD Point-in-time
Total Liabilities Liabilities $11.06B USD Point-in-time
Common Stock, no par value, 750 shares authorized; 350 and 355 shares issued in 2017 and 2016, respectively CommonStockValue - USD Point-in-time
Common Stock, no par value, 750 shares authorized; 350 and 355 shares issued in 2017 and 2016, respectively CommonStockValue - USD Point-in-time
Retained earnings (Accumulated deficit) RetainedEarningsAccumulatedDeficit $-5.16B USD Point-in-time
Retained earnings (Accumulated deficit) RetainedEarningsAccumulatedDeficit $-5.43B USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-454.00M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-379.00M USD Point-in-time
Total Shareholders' Equity (Deficit) - YUM! Brands, Inc. StockholdersEquity $-5.61B USD Point-in-time
Total Shareholders' Equity (Deficit) - YUM! Brands, Inc. StockholdersEquity $-5.81B USD Point-in-time
Total Liabilities, Redeemable Noncontrolling Interest and Shareholders Equity (Deficit) LiabilitiesAndStockholdersEquity $5.15B USD Point-in-time
Total Liabilities, Redeemable Noncontrolling Interest and Shareholders Equity (Deficit) LiabilitiesAndStockholdersEquity $5.45B USD Point-in-time
Income Statement 24 line items
Line Item Tag Value Unit Period
Total Revenues Revenues $1.44B USD 1 Quarter
Total Revenues Revenues $1.42B USD 1 Quarter
Closures and impairment (income) expenses ClosuresAndImpairmentExpenses $1.00M USD 1 Quarter
Closures and impairment (income) expenses ClosuresAndImpairmentExpenses $2.00M USD 1 Quarter
Refranchising (gain) loss GainLossOnDispositionOfAssets1 - USD 1 Quarter
Refranchising (gain) loss GainLossOnDispositionOfAssets1 $111.00M USD 1 Quarter
Operating Profit OperatingIncomeLoss $484.00M USD 1 Quarter
Operating Profit OperatingIncomeLoss $349.00M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-109.00M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-42.00M USD 1 Quarter
Income Before Income Taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $308.00M USD 1 Quarter
Income Before Income Taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $347.00M USD 1 Quarter
Net Income - YUM! Brands, Inc. NetIncomeLoss $364.00M USD 1 Quarter
Net Income - YUM! Brands, Inc. NetIncomeLoss $280.00M USD 1 Quarter
Basic Earnings Per Common Share EarningsPerShareBasic $0.78 USD 1 Quarter
Basic Earnings Per Common Share EarningsPerShareBasic $0.88 USD 1 Quarter
Diluted Earnings Per Common Share EarningsPerShareDiluted $0.77 USD 1 Quarter
Diluted Earnings Per Common Share EarningsPerShareDiluted $0.87 USD 1 Quarter
Dividends Declared Per Common Share CommonStockDividendsPerShareDeclared $0.46 USD 1 Quarter
Dividends Declared Per Common Share CommonStockDividendsPerShareDeclared $0.30 USD 1 Quarter
Other Pension Expense OtherPensionExpense $1.00M USD 1 Quarter
Other Pension Expense OtherPensionExpense $-28.00M USD 1 Quarter
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $138.00M USD 1 Quarter
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent IncomeLossFromContinuingOperations $226.00M USD 1 Quarter
Cash Flow Statement 64 line items
Line Item Tag Value Unit Period
Net Income (Loss) Attributable to Parent NetIncomeLoss $364.00M USD 1 Quarter
Net Income (Loss) Attributable to Parent NetIncomeLoss $280.00M USD 1 Quarter
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $138.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $70.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $73.00M USD 1 Quarter
Closures and impairment (income) expenses ClosuresAndImpairmentExpenses $1.00M USD 1 Quarter
Closures and impairment (income) expenses ClosuresAndImpairmentExpenses $2.00M USD 1 Quarter
Refranchising (gain) loss GainLossOnDispositionOfAssets1 - USD 1 Quarter
Refranchising (gain) loss GainLossOnDispositionOfAssets1 $111.00M USD 1 Quarter
Contributions to defined benefit pension plans PensionContributions $2.00M USD 1 Quarter
Contributions to defined benefit pension plans PensionContributions $7.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $20.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-5.00M USD 1 Quarter
Excess tax benefits from share-based compensation ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $11.00M USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $13.00M USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $15.00M USD 1 Quarter
Changes in accounts and notes receivable IncreaseDecreaseInAccountsAndNotesReceivable $-18.00M USD 1 Quarter
Changes in accounts and notes receivable IncreaseDecreaseInAccountsAndNotesReceivable $-45.00M USD 1 Quarter
Changes in inventories IncreaseDecreaseInInventories $-2.00M USD 1 Quarter
Changes in inventories IncreaseDecreaseInInventories $-4.00M USD 1 Quarter
Changes in prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $5.00M USD 1 Quarter
Changes in prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-6.00M USD 1 Quarter
Changes in accounts payable and other current liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-93.00M USD 1 Quarter
Changes in accounts payable and other current liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-48.00M USD 1 Quarter
Changes in income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $12.00M USD 1 Quarter
Changes in income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $60.00M USD 1 Quarter
Other, net OtherOperatingActivitiesCashFlowStatement $39.00M USD 1 Quarter
Other, net OtherOperatingActivitiesCashFlowStatement $-18.00M USD 1 Quarter
Net Cash Provided by Operating Activities NetCashProvidedByUsedInOperatingActivities $288.00M USD 1 Quarter
Net Cash Provided by Operating Activities NetCashProvidedByUsedInOperatingActivities $309.00M USD 1 Quarter
Capital spending PaymentsToAcquirePropertyPlantAndEquipment $76.00M USD 1 Quarter
Capital spending PaymentsToAcquirePropertyPlantAndEquipment $80.00M USD 1 Quarter
Proceeds from refranchising of restaurants ProceedsFromDivestitureOfBusinesses $185.00M USD 1 Quarter
Proceeds from refranchising of restaurants ProceedsFromDivestitureOfBusinesses $8.00M USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities $5.00M USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities $-5.00M USD 1 Quarter
Net Cash Used in Investing Activities NetCashProvidedByUsedInInvestingActivities $-67.00M USD 1 Quarter
Net Cash Used in Investing Activities NetCashProvidedByUsedInInvestingActivities $104.00M USD 1 Quarter
Proceeds from long-term debt ProceedsFromIssuanceOfLongTermDebt - USD 1 Quarter
Proceeds from long-term debt ProceedsFromIssuanceOfLongTermDebt $192.00M USD 1 Quarter
Repayments of long-term debt RepaymentsOfLongTermDebt $2.00M USD 1 Quarter
Repayments of long-term debt RepaymentsOfLongTermDebt $200.00M USD 1 Quarter
More than three months - proceeds ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths - USD 1 Quarter
More than three months - proceeds ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths $1.40B USD 1 Quarter
More than three months - payments RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths - USD 1 Quarter
More than three months - payments RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths - USD 1 Quarter
Three months or less, net ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess - USD 1 Quarter
Three months or less, net ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess - USD 1 Quarter
Repurchase shares of Common Stock PaymentsForRepurchaseOfCommonStock $461.00M USD 1 Quarter
Repurchase shares of Common Stock PaymentsForRepurchaseOfCommonStock $925.00M USD 1 Quarter
Dividends paid on Common Stock PaymentsOfDividendsCommonStock $192.00M USD 1 Quarter
Dividends paid on Common Stock PaymentsOfDividendsCommonStock $106.00M USD 1 Quarter
Debt issuance costs PaymentsOfDebtIssuanceCosts $18.00M USD 1 Quarter
Debt issuance costs PaymentsOfDebtIssuanceCosts - USD 1 Quarter
Other, net ProceedsFromPaymentsForOtherFinancingActivities $-11.00M USD 1 Quarter
Other, net ProceedsFromPaymentsForOtherFinancingActivities $-36.00M USD 1 Quarter
Net Cash Used in Financing Activities NetCashProvidedByUsedInFinancingActivities $-378.00M USD 1 Quarter
Net Cash Used in Financing Activities NetCashProvidedByUsedInFinancingActivities $-629.00M USD 1 Quarter
Effect of Exchange Rates on Cash and Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents $3.00M USD 1 Quarter
Effect of Exchange Rates on Cash and Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents $17.00M USD 1 Quarter
Cash and Cash Equivalents - Beginning of Period CashAndCashEquivalentsAtCarryingValue $725.00M USD Point-in-time
Cash and Cash Equivalents - Beginning of Period CashAndCashEquivalentsAtCarryingValue $525.00M USD Point-in-time
Cash and Cash Equivalents - End of Period CashAndCashEquivalentsAtCarryingValue $725.00M USD Point-in-time
Cash and Cash Equivalents - End of Period CashAndCashEquivalentsAtCarryingValue $525.00M USD Point-in-time
Comprehensive Income 34 line items
Line Item Tag Value Unit Period
Net Income (Loss) Attributable to Parent NetIncomeLoss $364.00M USD 1 Quarter
Net Income (Loss) Attributable to Parent NetIncomeLoss $280.00M USD 1 Quarter
Adjustments and gains (losses) arising during the period OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax $-6.00M USD 1 Quarter
Adjustments and gains (losses) arising during the period OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax $50.00M USD 1 Quarter
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature, before tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax $-6.00M USD 1 Quarter
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature, before tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax $50.00M USD 1 Quarter
Tax (expense) benefit OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax $1.00M USD 1 Quarter
Tax (expense) benefit OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax $-4.00M USD 1 Quarter
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature, net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-2.00M USD 1 Quarter
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature, net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $49.00M USD 1 Quarter
Unrealized gains (losses) arising during the period OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax $-1.00M USD 1 Quarter
Unrealized gains (losses) arising during the period OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax $5.00M USD 1 Quarter
Reclassification of (gains) losses into Net Income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax $30.00M USD 1 Quarter
Reclassification of (gains) losses into Net Income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax $3.00M USD 1 Quarter
Changes in pension and post-retirement benefits, before tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax $-35.00M USD 1 Quarter
Changes in pension and post-retirement benefits, before tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax $-2.00M USD 1 Quarter
Tax (expense) benefit OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax $-12.00M USD 1 Quarter
Tax (expense) benefit OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax $-1.00M USD 1 Quarter
Changes in pension and post-retirement benefits, net of tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-23.00M USD 1 Quarter
Changes in pension and post-retirement benefits, net of tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-1.00M USD 1 Quarter
Unrealized gains (losses) arising during the period DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet $-3.00M USD 1 Quarter
Unrealized gains (losses) arising during the period DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet $-15.00M USD 1 Quarter
Reclassification of (gains) losses into Net Income DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet $7.00M USD 1 Quarter
Reclassification of (gains) losses into Net Income DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet $21.00M USD 1 Quarter
Changes in derivative instruments, before tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax $6.00M USD 1 Quarter
Changes in derivative instruments, before tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax $4.00M USD 1 Quarter
Tax (expense) benefit OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax $-1.00M USD 1 Quarter
Tax (expense) benefit OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax $1.00M USD 1 Quarter
Changes in derivative instruments, net of tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $3.00M USD 1 Quarter
Changes in derivative instruments, net of tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $7.00M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $75.00M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $6.00M USD 1 Quarter
Comprehensive Income - YUM! Brands, Inc. ComprehensiveIncomeNetOfTax $370.00M USD 1 Quarter
Comprehensive Income - YUM! Brands, Inc. ComprehensiveIncomeNetOfTax $355.00M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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