Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

YUM! Brands Inc., consolidated income statement (quarterly data)

US$ in millions

3 months ended:	Sep 3, 2016	Jun 11, 2016	Mar 19, 2016	Dec 26, 2015	Sep 5, 2015	Jun 13, 2015	Mar 21, 2015	Dec 27, 2014	Sep 6, 2014	Jun 14, 2014	Mar 22, 2014	Dec 28, 2013	Sep 7, 2013	Jun 15, 2013	Mar 23, 2013	Dec 29, 2012	Sep 8, 2012	Jun 16, 2012	Mar 24, 2012	Dec 31, 2011	Sep 3, 2011	Jun 11, 2011	Mar 19, 2011
Company sales	2,841)	2,554)	2,165)	3,339)	2,968)	2,659)	2,179)	3,383)	2,891)	2,758)	2,292)	3,590)	3,021)	2,474)	2,099)	3,585)	3,142)	2,762)	2,344)	3,557)	2,854)	2,431)	2,051)
Franchise and license fees and income	475)	454)	454)	612)	459)	446)	443)	614)	463)	446)	432)	589)	445)	430)	436)	568)	427)	406)	399)	554)	420)	385)	374)
Revenues	3,316)	3,008)	2,619)	3,951)	3,427)	3,105)	2,622)	3,997)	3,354)	3,204)	2,724)	4,179)	3,466)	2,904)	2,535)	4,153)	3,569)	3,168)	2,743)	4,111)	3,274)	2,816)	2,425)
Food and paper	(817)	(764)	(649)	(1,045)	(933)	(841)	(688)	(1,116)	(951)	(886)	(725)	(1,188)	(996)	(805)	(680)	(1,162)	(1,029)	(916)	(767)	(1,209)	(970)	(792)	(662)
Payroll and employee benefits	(638)	(603)	(486)	(797)	(625)	(602)	(493)	(824)	(642)	(620)	(493)	(798)	(621)	(590)	(490)	(834)	(650)	(623)	(513)	(809)	(600)	(548)	(461)
Occupancy and other operating expenses	(816)	(779)	(597)	(1,043)	(871)	(805)	(616)	(1,099)	(869)	(824)	(633)	(1,095)	(873)	(769)	(596)	(1,070)	(864)	(800)	(624)	(1,026)	(790)	(705)	(568)
Company restaurant expenses	(2,271)	(2,146)	(1,732)	(2,885)	(2,429)	(2,248)	(1,797)	(3,039)	(2,462)	(2,330)	(1,851)	(3,081)	(2,490)	(2,164)	(1,766)	(3,066)	(2,543)	(2,339)	(1,904)	(3,044)	(2,360)	(2,045)	(1,691)
General and administrative expenses	(377)	(365)	(286)	(528)	(328)	(353)	(295)	(473)	(323)	(352)	(271)	(479)	(327)	(333)	(273)	(560)	(332)	(346)	(272)	(499)	(310)	(308)	(255)
Franchise and license expenses	(47)	(50)	(48)	(96)	(65)	(47)	(34)	(51)	(42)	(34)	(33)	(50)	(44)	(34)	(30)	(49)	(32)	(26)	(26)	(41)	(41)	(33)	(30)
Closures and impairment expenses	(7)	(37)	(3)	(49)	(3)	(24)	(3)	(505)	(6)	(21)	(3)	(21)	(300)	(6)	(4)	(28)	(4)	(4)	(1)	(22)	(25)	(19)	(69)
Refranchising gain (loss)	25)	53)	7)	50)	(2)	(68)	10)	6)	20)	4)	3)	13)	38)	32)	17)	37)	2)	13)	26)	(3)	(66)	(5)	2)
Other income (expense)	15)	28)	7)	(2)	3)	6)	3)	22)	9)	8)	2)	10)	7)	(9)	8)	18)	11)	7)	79)	5)	16)	13)	19)
Costs and expenses, net	(2,662)	(2,517)	(2,055)	(3,510)	(2,824)	(2,734)	(2,116)	(4,040)	(2,804)	(2,725)	(2,153)	(3,608)	(3,116)	(2,514)	(2,048)	(3,648)	(2,898)	(2,695)	(2,098)	(3,604)	(2,786)	(2,397)	(2,024)
Operating profit	654)	491)	564)	441)	603)	371)	506)	(43)	550)	479)	571)	571)	350)	390)	487)	505)	671)	473)	645)	507)	488)	419)	401)
Interest expense, net	(87)	(40)	(37)	(35)	(32)	(33)	(34)	(40)	(28)	(29)	(33)	(153)	(31)	(32)	(31)	(42)	(32)	(38)	(37)	(46)	(32)	(35)	(43)
Income before income taxes	567)	451)	527)	406)	571)	338)	472)	(83)	522)	450)	538)	418)	319)	358)	456)	463)	639)	435)	608)	461)	456)	384)	358)
Income tax (provision) benefit	65)	(116)	(132)	(131)	(145)	(102)	(111)	(36)	(119)	(112)	(139)	(103)	(182)	(82)	(120)	(127)	(161)	(102)	(147)	(104)	(67)	(62)	(91)
Net income, including noncontrolling interests	632)	335)	395)	275)	426)	236)	361)	(119)	403)	338)	399)	315)	137)	276)	336)	336)	478)	333)	461)	357)	389)	322)	267)
Net (income) loss, noncontrolling interests	(10)	4)	(4)	—)	(5)	(1)	1)	33)	1)	(4)	—)	6)	15)	5)	1)	1)	(7)	(2)	(3)	(1)	(6)	(6)	(3)
Net income, YUM! Brands, Inc.	622)	339)	391)	275)	421)	235)	362)	(86)	404)	334)	399)	321)	152)	281)	337)	337)	471)	331)	458)	356)	383)	316)	264)

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Income statement item	Description	The company
Revenues	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	YUM! Brands Inc. revenues increased from Q1 2016 to Q2 2016 and from Q2 2016 to Q3 2016.
Operating profit	The net result for the period of deducting operating expenses from operating revenues.	YUM! Brands Inc. operating profit decreased from Q1 2016 to Q2 2016 but then increased from Q2 2016 to Q3 2016 exceeding Q1 2016 level.
Income before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	YUM! Brands Inc. income before income taxes decreased from Q1 2016 to Q2 2016 but then increased from Q2 2016 to Q3 2016 exceeding Q1 2016 level.
Net income, YUM! Brands, Inc.	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	YUM! Brands Inc. net income, YUM! Brands, Inc. decreased from Q1 2016 to Q2 2016 but then increased from Q2 2016 to Q3 2016 exceeding Q1 2016 level.

YUM! Brands Inc. (NYSE:YUM)

Income StatementQuarterly Data

Income Statement
Quarterly Data