Statement of Comprehensive Income
Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
YUM! Brands Inc., consolidated statement of comprehensive income
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).
- Net income, including noncontrolling interests
- The net income exhibited volatility over the five-year period. It started at 1,335 million US dollars in 2011, increased significantly to 1,608 million in 2012, then declined sharply to 1,064 million in 2013. This downward trend continued into 2014, reaching 1,021 million, before rebounding to 1,298 million in 2015.
- Translation adjustments and gains (losses) from intra-entity transactions of a long-term investment nature
- Translation adjustments and related gains or losses showed a declining trend. Positive amounts of 91 million and 27 million in 2011 and 2012, respectively, were followed by a reduction to 8 million in 2013, then a notable shift to negative values in 2014 and 2015, with losses of 143 million and 144 million, respectively.
- Changes in pension and post-retirement benefits
- This line item fluctuated over the period without a consistent trend. It began with a negative value of 106 million in 2011, turned positive in 2012 and 2013 with values of 89 million and 189 million, respectively, declined again to -113 million in 2014, and reverted to a positive 97 million in 2015.
- Changes in derivative instruments
- The changes in derivatives were minimal and sporadic. There were minor positive adjustments in 2011 and 2013 with 1 million and 3 million respectively, no reported figures in 2012 and 2014, and a negative adjustment of 8 million in 2015.
- Other comprehensive income (loss), net of tax
- This item mirrored volatility and deterioration over the period. Starting at a slight loss of 14 million in 2011, it improved to substantial gains of 116 million in 2012 and 200 million in 2013, then deteriorated sharply to a loss of 256 million in 2014 and narrowed to a smaller loss of 55 million in 2015.
- Comprehensive income, including noncontrolling interests
- Comprehensive income followed a pattern similar to net income but with more pronounced fluctuations. It rose from 1,321 million in 2011 to a peak of 1,724 million in 2012, then declined steadily to 1,264 million in 2013, dropped significantly to 765 million in 2014 before rebounding to 1,243 million in 2015.
- Comprehensive (income) loss, noncontrolling interests
- Noncontrolling interests displayed small negative contributions at the beginning with -22 million in 2011 and -12 million in 2012. This reversed to positive contributions of 23 million and 32 million in 2013 and 2014, respectively, and equalized near zero at 1 million in 2015.
- Comprehensive income, YUM! Brands, Inc.
- This measure, excluding noncontrolling interests, showed similar tendencies to total comprehensive income, indicating that the majority of fluctuations were attributable to the company's own performance. The value increased from 1,299 million in 2011 to 1,712 million in 2012, marginally decreased to 1,287 million in 2013, fell sharply to 797 million in 2014, and recovered to 1,244 million in 2015.