Stock Analysis on Net
Stock Analysis on Net

YUM! Brands Inc. (NYSE:YUM)

$22.49

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

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

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YUM! Brands Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Dec 26, 2015 Dec 27, 2014 Dec 28, 2013 Dec 29, 2012 Dec 31, 2011
Accounts payable
Accrued capital expenditures
Accrued compensation and benefits
Dividends payable
Accrued taxes, other than income taxes
Other current liabilities
Accounts payable and other current liabilities
Income taxes payable
Short-term borrowings
Advertising cooperative liabilities
Current liabilities
Long-term debt
Other liabilities and deferred credits
Noncurrent liabilities
Total liabilities
Redeemable noncontrolling interest
Common Stock, no par value
Retained earnings
Accumulated other comprehensive income (loss)
Shareholders’ equity, YUM! Brands, Inc.
Noncontrolling interests
Total shareholders’ equity
Total liabilities, redeemable noncontrolling interest and shareholders’ equity

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).

Accounts payable
The proportion of accounts payable relative to total liabilities and equity remained relatively stable from 2011 through 2015, fluctuating slightly around 7.6% to 8.3%. This indicates a consistent level of short-term obligations to suppliers over the period.
Accrued capital expenditures
This item showed minor variability, initially rising from 2.59% in 2011 to 3.00% in 2014 but declining to 2.15% in 2015, suggesting a reduction in accrued expenses related to capital investments in the final year.
Accrued compensation and benefits
There was an overall increase in accrued compensation and benefits, from 4.98% in 2011 to 5.76% in 2015, with slight fluctuations in intermediate years. This upward trend reflects growing obligations related to employee compensation.
Dividends payable
The ratio of dividends payable steadily increased year-over-year from 1.48% to 2.44%, indicating a rising commitment to shareholder distributions relative to total claims on resources.
Accrued taxes, other than income taxes
This category maintained a fairly stable range, fluctuating narrowly between 1.07% and 1.44%, showing no significant shifts in tax-related liabilities other than income taxes.
Other current liabilities
Other current liabilities grew notably over the period, from 2.83% to 5.16%, more than doubling, which might reflect increased miscellaneous short-term obligations.
Accounts payable and other current liabilities (aggregate)
A gradual increase in total current liabilities was observed, rising from 21.21% in 2011 to 24.58% in 2015, reinforcing the trend of growing current obligations.
Income taxes payable
Income taxes payable showed inconsistent behavior, starting at 1.61% in 2011, dropping sharply to 0.92% by 2014, and remaining low at 0.95% in 2015, indicating volatility in payable income tax liabilities.
Short-term borrowings
This component experienced a significant increase, starting at 3.62% in 2011, almost disappearing at 0.11% in 2012, before escalating sharply to 11.43% by 2015, suggesting a marked increase in short-term debt financing in the latter years.
Advertising cooperative liabilities
The level of advertising cooperative liabilities remained relatively stable, with minor fluctuations between 1.10% and 1.51%, indicating consistent obligations associated with cooperative advertising arrangements.
Current liabilities (total)
Total current liabilities declined initially from 27.73% in 2011 to 24.28% in 2012, then generally increased to a peak of 38.24% in 2015, demonstrating a growing share of short-term liabilities in the company's capital structure.
Long-term debt
Long-term debt as a percentage of total claims increased steadily from 33.93% to 37.82% over the five years, evidencing a gradual rise in long-term leverage.
Other liabilities and deferred credits
There was a notable decrease in other liabilities and deferred credits, dropping from 16.65% in 2011 to 11.86% in 2015, indicating reduced obligations in this category.
Noncurrent liabilities
Noncurrent liabilities remained fairly stable as a proportion of total liabilities and equity, fluctuating slightly but holding around 50%, demonstrating consistent long-term credit exposure.
Total liabilities
Total liabilities moved from 78.31% in 2011 down to 73.92% in 2013, then climbed steadily to 87.93% in 2015, highlighting an increased reliance on liabilities relative to equity in the capital structure.
Redeemable noncontrolling interest
This item was minimal throughout, decreasing from 0.65% in 2012 to 0.07% in 2015, indicating a declining presence of redeemable noncontrolling interests.
Common stock, no par value
Reported only in 2011 at 0.2%, with no presence in subsequent years, implying possible reclassification or changes in equity reporting.
Retained earnings
Retained earnings decreased consistently from 23.23% in 2011 to 14.24% in 2015, suggesting either distributions to shareholders outpacing net income or accumulated losses.
Accumulated other comprehensive income (loss)
This component showed volatility and an overall negative trend, with values moving from -2.80% in 2011 to -2.96% in 2015, including a brief positive value in 2013, indicating fluctuations in other comprehensive income elements.
Shareholders’ equity, YUM! Brands, Inc.
Equity attributable to YUM! Brands decreased markedly from 20.64% in 2011 to 11.28% in 2015, reflecting the declining retained earnings and comprehensive income impacts noted, suggesting reduced net asset cushion for shareholders.
Noncontrolling interests
Noncontrolling interests remained low and relatively unchanged, around 0.7% to 1.1%, indicating a small minority interest component within total equity.
Total shareholders’ equity
Total shareholders’ equity peaked at 25.64% in 2013 before declining sharply to 12.0% in 2015. This trend reflects an overall decrease in equity relative to total claims, which aligns with the corresponding increase in liabilities over the same period.
Total liabilities, redeemable noncontrolling interest and shareholders’ equity
The total always sums to 100%, serving as the base for percentage comparisons.