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10-Q Filing

YUM BRANDS INC CIK: 1041061 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0001041061-18-000026
Period End Date 20180331
Filing Date 20180509
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance yum-3312018x10q_htm.xml
Filing Contents
Balance Sheet 56 line items
Line Item Tag Value Unit Period
Total Liabilities and Shareholders Deficit LiabilitiesAndStockholdersEquity $5.31B USD Point-in-time
Total Liabilities and Shareholders Deficit LiabilitiesAndStockholdersEquity $4.84B USD Point-in-time
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 $982.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.52B USD Point-in-time
Accounts and notes receivable, net AccountsNotesAndLoansReceivableNetCurrent $400.00M USD Point-in-time
Common Stock, Shares, Issued CommonStockSharesIssued 332.00M shares Point-in-time
Common Stock, Shares, Issued CommonStockSharesIssued 327.00M shares Point-in-time
Accounts and notes receivable, net AccountsNotesAndLoansReceivableNetCurrent $501.00M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpensesAndOtherCurrentAssets $406.00M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpensesAndOtherCurrentAssets $384.00M USD Point-in-time
Advertising cooperative assets, restricted AdvertisingCooperativeAssetsRestricted $201.00M USD Point-in-time
Advertising cooperative assets, restricted AdvertisingCooperativeAssetsRestricted - USD Point-in-time
Total Current Assets AssetsCurrent $2.51B USD Point-in-time
Total Current Assets AssetsCurrent $1.89B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $1.65B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $1.70B USD Point-in-time
Goodwill Goodwill $514.00M USD Point-in-time
Goodwill Goodwill $512.00M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $105.00M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $110.00M USD Point-in-time
Other assets OtherAssetsNoncurrent $346.00M USD Point-in-time
Other assets OtherAssetsNoncurrent $490.00M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $187.00M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $139.00M USD Point-in-time
Total Assets Assets $4.84B USD Point-in-time
Total Assets Assets $5.31B USD Point-in-time
Accounts payable and other current liabilities AccountsPayableAndAccruedLiabilitiesCurrent $924.00M USD Point-in-time
Accounts payable and other current liabilities AccountsPayableAndAccruedLiabilitiesCurrent $813.00M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $123.00M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $124.00M USD Point-in-time
Short-term borrowings ShortTermBorrowings $61.00M USD Point-in-time
Short-term borrowings ShortTermBorrowings $375.00M USD Point-in-time
Advertising cooperative liabilities AdvertisingCooperativeLiabilities - USD Point-in-time
Advertising cooperative liabilities AdvertisingCooperativeLiabilities $201.00M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $1.51B USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $1.11B USD Point-in-time
Long-term debt LongTermDebtAndCapitalLeaseObligations $9.43B USD Point-in-time
Long-term debt LongTermDebtAndCapitalLeaseObligations $9.42B USD Point-in-time
Other liabilities and deferred credits OtherLiabilitiesNoncurrent $1.06B USD Point-in-time
Other liabilities and deferred credits OtherLiabilitiesNoncurrent $704.00M USD Point-in-time
Total Liabilities Liabilities $11.64B USD Point-in-time
Total Liabilities Liabilities $11.59B USD Point-in-time
Common Stock, no par value, 750 shares authorized; 327 and 332 shares issued in 2018 and 2017, respectively CommonStockValue - USD Point-in-time
Common Stock, no par value, 750 shares authorized; 327 and 332 shares issued in 2018 and 2017, respectively CommonStockValue - USD Point-in-time
Retained earnings (Accumulated deficit) RetainedEarningsAccumulatedDeficit $-6.54B USD Point-in-time
Retained earnings (Accumulated deficit) RetainedEarningsAccumulatedDeficit $-6.06B USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-271.00M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-215.00M USD Point-in-time
Total Shareholders' Deficit StockholdersEquity $-6.75B USD Point-in-time
Total Shareholders' Deficit StockholdersEquity $-6.33B USD Point-in-time
Total Liabilities and Shareholders' Deficit LiabilitiesAndStockholdersEquity $5.31B USD Point-in-time
Total Liabilities and Shareholders' Deficit LiabilitiesAndStockholdersEquity $4.84B USD Point-in-time
Income Statement 42 line items
Line Item Tag Value Unit Period
Company sales SalesRevenueGoodsNet $512.00M USD 1 Quarter
Company sales SalesRevenueGoodsNet $902.00M USD 1 Quarter
Franchise and property revenues FranchiseRevenue $584.00M USD 1 Quarter
Franchise and property revenues FranchiseRevenue $515.00M USD 1 Quarter
Franchise contributions for advertising and other services AdvertisingRevenue $275.00M USD 1 Quarter
Franchise contributions for advertising and other services AdvertisingRevenue - USD 1 Quarter
Total Revenues Revenues $1.37B USD 1 Quarter
Total Revenues Revenues $1.42B USD 1 Quarter
Company restaurant expenses CostOfGoodsSold $438.00M USD 1 Quarter
Company restaurant expenses CostOfGoodsSold $758.00M USD 1 Quarter
General and Administrative Expense GeneralAndAdministrativeExpense $237.00M USD 1 Quarter
General and Administrative Expense GeneralAndAdministrativeExpense $219.00M USD 1 Quarter
Franchise and license expenses FranchiseCosts $47.00M USD 1 Quarter
Franchise and license expenses FranchiseCosts $46.00M USD 1 Quarter
Cooperative Advertising Expense CooperativeAdvertisingExpense $272.00M USD 1 Quarter
Cooperative Advertising Expense CooperativeAdvertisingExpense - USD 1 Quarter
Refranchising (gain) loss GainLossOnDispositionOfAssets1 $156.00M USD 1 Quarter
Refranchising (gain) loss GainLossOnDispositionOfAssets1 $111.00M USD 1 Quarter
Other (income) expense OtherOperatingIncomeExpenseNet $2.00M USD 1 Quarter
Other (income) expense OtherOperatingIncomeExpenseNet $-3.00M USD 1 Quarter
Total costs and expenses, net CostsAndExpenses $818.00M USD 1 Quarter
Total costs and expenses, net CostsAndExpenses $933.00M USD 1 Quarter
Operating Profit OperatingIncomeLoss $484.00M USD 1 Quarter
Operating Profit OperatingIncomeLoss $553.00M USD 1 Quarter
Other investment (income) expense, net InvestmentIncomeNet $1.00M USD 1 Quarter
Other investment (income) expense, net InvestmentIncomeNet $66.00M USD 1 Quarter
Other pension (income) expense OtherPensionincomeexpense $3.00M USD 1 Quarter
Other pension (income) expense OtherPensionincomeexpense $28.00M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-107.00M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-110.00M USD 1 Quarter
Income Before Income Taxes IncomeLossAttributableToParent $509.00M USD 1 Quarter
Income Before Income Taxes IncomeLossAttributableToParent $347.00M USD 1 Quarter
Income tax provision IncomeTaxExpenseBenefit $76.00M USD 1 Quarter
Income tax provision IncomeTaxExpenseBenefit $67.00M USD 1 Quarter
Net Income NetIncomeLoss $433.00M USD 1 Quarter
Net Income NetIncomeLoss $280.00M USD 1 Quarter
Basic Earnings Per Common Share EarningsPerShareBasic $1.30 USD 1 Quarter
Basic Earnings Per Common Share EarningsPerShareBasic $0.78 USD 1 Quarter
Diluted Earnings Per Common Share EarningsPerShareDiluted $1.27 USD 1 Quarter
Diluted Earnings Per Common Share EarningsPerShareDiluted $0.77 USD 1 Quarter
Dividends Declared Per Common Share CommonStockDividendsPerShareDeclared $0.36 USD 1 Quarter
Dividends Declared Per Common Share CommonStockDividendsPerShareDeclared $0.30 USD 1 Quarter
Cash Flow Statement 66 line items
Line Item Tag Value Unit Period
Net Income (Loss) Attributable to Parent NetIncomeLoss $433.00M USD 1 Quarter
Net Income (Loss) Attributable to Parent NetIncomeLoss $280.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $70.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $37.00M USD 1 Quarter
Refranchising (gain) loss GainLossOnDispositionOfAssets1 $156.00M USD 1 Quarter
Refranchising (gain) loss GainLossOnDispositionOfAssets1 $111.00M USD 1 Quarter
Other investment (income) expense, net InvestmentIncomeNet $1.00M USD 1 Quarter
Other investment (income) expense, net InvestmentIncomeNet $66.00M USD 1 Quarter
Contributions to defined benefit pension plans PensionContributions $3.00M USD 1 Quarter
Contributions to defined benefit pension plans PensionContributions $7.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-1.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $20.00M USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $17.00M USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $17.00M USD 1 Quarter
Changes in accounts and notes receivable IncreaseDecreaseInAccountsAndNotesReceivable $-18.00M USD 1 Quarter
Changes in accounts and notes receivable IncreaseDecreaseInAccountsAndNotesReceivable $-4.00M USD 1 Quarter
Changes in prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $22.00M USD 1 Quarter
Changes in prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $1.00M USD 1 Quarter
Changes in accounts payable and other current liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-48.00M USD 1 Quarter
Changes in accounts payable and other current liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-99.00M USD 1 Quarter
Changes in income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $12.00M USD 1 Quarter
Changes in income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $13.00M USD 1 Quarter
Other, net OtherOperatingActivitiesCashFlowStatement $39.00M USD 1 Quarter
Other, net OtherOperatingActivitiesCashFlowStatement $32.00M USD 1 Quarter
Net Cash Provided by Operating Activities NetCashProvidedByUsedInOperatingActivities $288.00M USD 1 Quarter
Net Cash Provided by Operating Activities NetCashProvidedByUsedInOperatingActivities $189.00M USD 1 Quarter
Capital spending PaymentsToAcquirePropertyPlantAndEquipment $42.00M USD 1 Quarter
Capital spending PaymentsToAcquirePropertyPlantAndEquipment $76.00M USD 1 Quarter
Proceeds from refranchising of restaurants ProceedsFromDivestitureOfBusinesses $185.00M USD 1 Quarter
Proceeds from refranchising of restaurants ProceedsFromDivestitureOfBusinesses $205.00M USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities $-1.00M USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities $5.00M USD 1 Quarter
Net Cash Used in Investing Activities NetCashProvidedByUsedInInvestingActivities $164.00M USD 1 Quarter
Net Cash Used in Investing Activities NetCashProvidedByUsedInInvestingActivities $104.00M USD 1 Quarter
Proceeds from long-term debt ProceedsFromIssuanceOfLongTermDebt $192.00M USD 1 Quarter
Proceeds from long-term debt ProceedsFromIssuanceOfLongTermDebt - USD 1 Quarter
Repayments of long-term debt RepaymentsOfLongTermDebt $200.00M USD 1 Quarter
Repayments of long-term debt RepaymentsOfLongTermDebt $332.00M USD 1 Quarter
Revolving credit facilities, three months or less, net RevolvingCreditFacilitiesThreeMonthsOrLessNet - USD 1 Quarter
Revolving credit facilities, three months or less, net RevolvingCreditFacilitiesThreeMonthsOrLessNet - USD 1 Quarter
More than three months - proceeds ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths - USD 1 Quarter
More than three months - proceeds ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths $12.00M USD 1 Quarter
More than three months - payments RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths $7.00M 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 $498.00M USD 1 Quarter
Dividends paid on Common Stock PaymentsOfDividendsCommonStock $106.00M USD 1 Quarter
Dividends paid on Common Stock PaymentsOfDividendsCommonStock $120.00M USD 1 Quarter
Debt issuance costs PaymentsOfDebtIssuanceCosts $18.00M USD 1 Quarter
Debt issuance costs PaymentsOfDebtIssuanceCosts - USD 1 Quarter
Other, net ProceedsFromPaymentsForOtherFinancingActivities $-31.00M USD 1 Quarter
Other, net ProceedsFromPaymentsForOtherFinancingActivities $-36.00M USD 1 Quarter
Net Cash Provided by (Used in) Financing Activities NetCashProvidedByUsedInFinancingActivities $-976.00M USD 1 Quarter
Net Cash Provided by (Used in) Financing Activities NetCashProvidedByUsedInFinancingActivities $-629.00M USD 1 Quarter
Effect of Exchange Rates on Cash and Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents $17.00M USD 1 Quarter
Effect of Exchange Rates on Cash and Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents $38.00M USD 1 Quarter
Net Increase (Decrease) in Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents - Continuing Operations NetIncreaseDecreaseinCashCashEquivalentsRestrictedCashandRestrictedCashEquivalentsContinuingOperations $-585.00M USD 1 Quarter
Net Increase (Decrease) in Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents - Continuing Operations NetIncreaseDecreaseinCashCashEquivalentsRestrictedCashandRestrictedCashEquivalentsContinuingOperations $-220.00M USD 1 Quarter
Cash and Cash Equivalents - End of Period CashAndCashEquivalentsAtCarryingValue $982.00M USD Point-in-time
Cash and Cash Equivalents - End of Period CashAndCashEquivalentsAtCarryingValue $1.52B USD Point-in-time
Cash, Cash Equivalents and Restricted Cash as presented in the Consolidated Statement of Cash Flows CashCashEquivalentsandRestrictedCashaspresentedintheConsolidatedStatementofCashFlows $611.00M USD Point-in-time
Cash, Cash Equivalents and Restricted Cash as presented in the Consolidated Statement of Cash Flows CashCashEquivalentsandRestrictedCashaspresentedintheConsolidatedStatementofCashFlows $1.67B USD Point-in-time
Cash, Cash Equivalents and Restricted Cash as presented in the Consolidated Statement of Cash Flows CashCashEquivalentsandRestrictedCashaspresentedintheConsolidatedStatementofCashFlows $831.00M USD Point-in-time
Cash, Cash Equivalents and Restricted Cash as presented in the Consolidated Statement of Cash Flows CashCashEquivalentsandRestrictedCashaspresentedintheConsolidatedStatementofCashFlows $1.08B USD Point-in-time
Comprehensive Income 34 line items
Line Item Tag Value Unit Period
Net Income (Loss) Attributable to Parent NetIncomeLoss $433.00M USD 1 Quarter
Net Income (Loss) Attributable to Parent NetIncomeLoss $280.00M USD 1 Quarter
Adjustments and gains (losses) arising during the period OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax $50.00M USD 1 Quarter
Adjustments and gains (losses) arising during the period OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax $46.00M USD 1 Quarter
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature, before tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax $46.00M 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 $6.00M USD 1 Quarter
Tax (expense) benefit OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax $1.00M USD 1 Quarter
Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature, net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $40.00M 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 $5.00M USD 1 Quarter
Unrealized gains (losses) arising during the period OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax - USD 1 Quarter
Reclassification of (gains) losses into Net Income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax $6.00M USD 1 Quarter
Reclassification of (gains) losses into Net Income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax $30.00M USD 1 Quarter
Changes in pension and post-retirement benefits, before tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax $-6.00M USD 1 Quarter
Changes in pension and post-retirement benefits, before tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax $-35.00M USD 1 Quarter
Tax (expense) benefit OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax $-1.00M USD 1 Quarter
Tax (expense) benefit OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax $-12.00M 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 $-5.00M USD 1 Quarter
Unrealized gains (losses) arising during the period DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet $2.00M USD 1 Quarter
Unrealized gains (losses) arising during the period DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet $-3.00M USD 1 Quarter
Reclassification of (gains) losses into Net Income DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet $11.00M USD 1 Quarter
Reclassification of (gains) losses into Net Income DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet $7.00M USD 1 Quarter
Changes in derivative instruments, before tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax $13.00M 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 $4.00M USD 1 Quarter
Changes in derivative instruments, net of tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $3.00M USD 1 Quarter
Changes in derivative instruments, net of tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $9.00M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $75.00M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $54.00M USD 1 Quarter
Comprehensive Income - YUM! Brands, Inc. ComprehensiveIncomeNetOfTax $355.00M USD 1 Quarter
Comprehensive Income - YUM! Brands, Inc. ComprehensiveIncomeNetOfTax $487.00M USD 1 Quarter

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

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