Stock Analysis on Net
AI Tokens
Stock Analysis on Net

YUM! Brands Inc. (NYSE:YUM)

This company has been moved to the archive! The financial data has not been updated since October 11, 2016.

Common-Size Balance Sheet: Assets

YUM! Brands Inc., common-size consolidated balance sheet: assets

Microsoft Excel
Dec 26, 2015 Dec 27, 2014 Dec 28, 2013 Dec 29, 2012 Dec 31, 2011
Cash and cash equivalents 9.13 6.93 6.59 8.61 13.56
Accounts and notes receivable, net 4.67 3.89 3.67 3.34 3.24
Inventories 2.84 3.61 3.38 3.47 3.09
Income tax receivable 0.51 0.66 1.02 0.61 1.70
Assets held for sale 0.35 0.17 0.18 0.62 0.27
Other prepaid expenses and current assets 2.14 2.22 2.08 1.79 1.86
Prepaid expenses and other current assets 3.00% 3.04% 3.29% 3.02% 3.83%
Deferred income taxes 0.00 1.11 1.41 1.23 1.27
Advertising cooperative assets, restricted 1.28 1.14 1.10 1.51 1.29
Current assets 20.90% 19.72% 19.45% 21.19% 26.27%
Property, plant and equipment, net 51.88 53.90 51.28 47.16 45.76
Goodwill 8.12 8.39 10.22 11.47 7.71
Intangible assets, net 3.36 3.81 7.34 7.66 3.38
Investments in unconsolidated affiliates 0.76 0.62 0.61 0.80 1.89
Restricted cash 0.00 0.00 0.00 0.00 3.40
Other assets 6.61 6.71 6.51 6.38 5.38
Deferred income taxes 8.37 6.84 4.59 5.34 6.21
Noncurrent assets 79.10% 80.28% 80.55% 78.81% 73.73%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31).

The asset structure exhibits a clear shift in composition between 2011 and 2015, characterized by a contraction in current assets and a corresponding expansion in noncurrent assets. Total current assets decreased from 26.27% of total assets in 2011 to a low of 19.45% in 2013, before stabilizing at 20.90% by 2015. Conversely, noncurrent assets grew from 73.73% to 79.10% over the same period, indicating a strategic move toward a more capital-intensive asset base.

Liquidity and Current Asset Trends
Cash and cash equivalents showed significant volatility, starting at 13.56% in 2011 and declining to 6.59% in 2013, followed by a partial recovery to 9.13% in 2015. Accounts and notes receivable remained relatively stable but trended slightly upward, rising from 3.24% to 4.67%. Inventories stayed consistent, fluctuating within a narrow range between 2.84% and 3.61%, suggesting efficient working capital management relative to the growth of the overall asset base.
Fixed Asset Intensification
Property, plant and equipment, net, represents the most significant portion of the balance sheet. This item grew steadily from 45.76% in 2011 to a peak of 53.90% in 2014, before ending the period at 51.88% in 2015. The sustained increase in the weight of fixed assets suggests substantial investment in physical infrastructure and long-term capacity expansion.
Intangible Assets and Goodwill
Goodwill and intangible assets experienced a spike in 2012, with goodwill reaching 11.47% and intangible assets peaking at 7.66%. Following 2012, both categories trended downward; goodwill decreased to 8.12% and intangible assets fell to 3.36% by 2015. This pattern may indicate the amortization of acquired intangibles or a shift in the acquisition strategy.
Other Noncurrent Asset Components
Noncurrent deferred income taxes showed a general upward trajectory, increasing from 6.21% in 2011 to 8.37% in 2015. Other assets remained relatively flat, hovering between 5.38% and 6.71%. Investments in unconsolidated affiliates saw a sharp decline from 1.89% in 2011 to 0.76% in 2015, reflecting a diminished relative reliance on affiliated entities.

AI Ask an analyst for more

My previous chats

Add tokens

Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.

How can I help you?