Balance Sheet: Assets
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
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- Statement of Comprehensive Income
- Cash Flow Statement
- Common-Size Income Statement
- Common Stock Valuation Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Capital Asset Pricing Model (CAPM)
- Net Profit Margin since 2005
- Operating Profit Margin since 2005
- Total Asset Turnover since 2005
- Price to Operating Profit (P/OP) since 2005
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YUM! Brands Inc., consolidated balance sheet: assets
US$ in millions
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).
- Cash and Cash Equivalents
- The cash and cash equivalents balance shows a declining trend from 2011 to 2013, dropping from 1,198 million USD to 573 million USD. In the following years, there is a slight recovery with values of 578 million USD in 2014 and 737 million USD in 2015, but the level remains significantly below the 2011 peak.
- Accounts and Notes Receivable, Net
- Receivables demonstrate a consistent increase over the period, rising steadily from 286 million USD in 2011 to 377 million USD in 2015, indicating growing credit sales or receivables generation.
- Inventories
- Inventory levels fluctuate moderately with a peak of 313 million USD in 2012, followed by intermittent decreases to 229 million USD by 2015. This decline in inventory in later years could suggest improved inventory management or reduced stock levels.
- Income Tax Receivable
- Income tax receivable values decline sharply from 150 million USD in 2011 to 41 million USD in 2015, exhibiting variability but an overall downward trend that may reflect changes in tax settlements or timing differences.
- Assets Held for Sale
- This category exhibits volatility with an initial increase to 56 million USD in 2012, a decrease in subsequent years, and a final rise to 28 million USD in 2015, indicating intermittent disposal activities or reclassification of assets.
- Prepaid Expenses and Other Current Assets
- The combined prepaid expenses and other current assets show a gradual decline from 338 million USD in 2011 to 242 million USD in 2015. Other prepaid expenses and current assets individually remain relatively stable, indicating consistent short-term asset management.
- Deferred Income Taxes (Current)
- The current deferred income taxes remain relatively stable around 112 million USD in 2011 but decline to 93 million USD by 2014 and are not reported for 2015, suggesting possible reclassification or changes in tax positions.
- Advertising Cooperative Assets, Restricted
- This asset fluctuates throughout the period, starting at 114 million USD in 2011, peaking in 2012 at 136 million USD, then stabilizing around the mid-90s to low 100s, exhibiting moderate variability.
- Current Assets
- Current assets display a declining trend from 2,321 million USD in 2011 to a low of 1,646 million USD in 2014, followed by a slight recovery to 1,688 million USD in 2015. This overall decrease suggests a reduction in liquidity or current asset base.
- Property, Plant, and Equipment, Net
- Property, plant, and equipment show growth from 4,042 million USD in 2011, peaking at 4,498 million USD in 2014, but declining to 4,189 million USD in 2015. This pattern suggests capital investments followed by disposals or depreciation effects.
- Goodwill
- Goodwill increases sharply from 681 million USD in 2011 to 1,034 million USD in 2012, then decreases consistently to 656 million USD by 2015. This pattern could indicate acquisitions followed by impairment or divestitures.
- Intangible Assets, Net
- The net intangible assets surge from 299 million USD in 2011 to 690 million USD in 2012, then decline steadily to 271 million USD in 2015. This suggests an initial recognition of new intangibles followed by amortization or impairments.
- Investments in Unconsolidated Affiliates
- Investments decrease from 167 million USD in 2011 to a low of 52 million USD in 2014, then slightly recover to 61 million USD in 2015, indicating divestitures and some stabilization toward the end.
- Restricted Cash
- Restricted cash is reported as 300 million USD in 2011 but is not recorded in subsequent years, possibly due to reclassification or liquidation of restricted cash balances.
- Other Assets
- Other assets rise from 475 million USD in 2011 to a peak of 575 million USD in 2012, then decline gradually to 534 million USD in 2015, showing moderate fluctuations.
- Deferred Income Taxes (Noncurrent)
- The noncurrent deferred income taxes decrease from 549 million USD in 2011 to 399 million USD in 2013, then increase significantly to 676 million USD by 2015, reflecting changes in long-term tax liabilities or deferred tax assets.
- Noncurrent Assets
- Noncurrent assets increase from 6,513 million USD in 2011 to a peak of 7,102 million USD in 2012, then decrease steadily to 6,387 million USD by 2015. This trend may be indicative of asset acquisitions followed by disposals or write-downs.
- Total Assets
- Total assets initially increase slightly from 8,834 million USD in 2011 to 9,011 million USD in 2012, subsequently declining each year to reach 8,075 million USD in 2015. This overall decrease reflects the combined effects of declining current and noncurrent assets.