YUM! BRANDS, INC. YUM Cash Flow

Yum! brands, inc. (YUM)
CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Aug'15	May'15	Mar'15	Dec'14	Aug'14	May'14	Mar'14	Dec'13	Aug'13	May'13	Mar'13	Dec'12	Aug'12	Jun'12	Mar'12	Dec'11	Aug'11	Jun'11	Mar'11	Dec'10	Aug'10	Jun'10	Mar'10	Dec'09	Aug'09	May'09	Mar'09
Cash Flows - Operating Activities
Net Income (Loss) Attributable to Parent
1,115	1,294	1,140	1,339	1,371	1,542	1,644	1,608	1,493	1,340	1,207	1,429	1,559	1,643	1,615	1,396	1,295	1,292	928	910	1,013	1,051	1,455	1,189	1,127	1,064	1,085	1,426	1,483	1,608	1,629	1,540	1,529	1,335	1,255	1,233	1,200	1,178	1,119	1,092	1,109	1,083	0	0	0
Income from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	625	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
113	112	118	120	126	137	161	189	220	253	281	298	307	310	41	143	256	322	332	334	327	328	749	741	731	721	696	680	668	665	653	653	641	637	632	622	593	589	578	590	582	580	0	0	0
Asset Impairment Charges
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Closures and impairment expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	535	-	51	345	330	331	338	42	40	37	31	52	67	135	139	127	112	47	93	93	103	103	0	0	0
Refranchising (gain) loss
0	-	0	0	0	-	0	0	1,128	-	419	239	274	163	124	107	125	135	75	91	23	16	40	58	86	100	124	88	69	78	38	-30	-48	-72	-81	-13	2	-63	-34	-40	-51	26	0	0	0
Other investment (income) expense, net
0	-	0	0	0	-	0	0	70	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contributions to defined benefit pension plans
7	15	20	22	22	16	17	48	51	55	0	0	0	-	0	0	0	-	0	0	-50	-	0	0	0	-	-	-	-	-	97	95	68	63	42	44	65	52	398	353	276	280	0	0	0
Gain upon acquisition of Little Sheep
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	74	74	74	74	0	0	0	0	-	-	-	-	-	-	-	-
Deferred income taxes
-262	-232	-53	12	-11	-11	544	601	613	634	0	0	0	-	0	0	0	-	0	0	-190	-	-67	-29	-29	-24	-109	33	26	28	21	-99	-81	-137	-52	-79	-96	-110	-117	23	3	72	0	0	0
Equity income from investments in unconsolidated affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	26	-	40	44	32	26	26	29	41	47	45	42	44	47	48	91	70	42	99	33	34	36	0	0	0
Excess tax benefits from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	48	-	46	45	46	44	177	168	137	98	47	42	46	66	82	64	70	69	-57	-39	-60	-59	0	0	0
Share-based compensation expense
60	59	59	54	50	50	48	49	65	65	0	0	0	-	0	0	0	-	0	0	58	-	53	53	52	49	47	48	48	50	54	56	57	59	50	47	47	47	54	54	56	56	0	0	0
Changes in accounts and notes receivable
45	56	35	44	56	66	71	64	33	19	0	0	0	-	0	0	0	-	0	0	41	-	33	4	-2	12	29	30	38	18	13	32	21	39	25	-8	8	12	-8	27	-28	-3	0	0	0
Changes in inventories
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	34	-	-23	-22	-25	-18	-1	4	-8	-9	57	81	82	75	29	24	29	68	-31	-61	-41	-27	0	0	0
Changes in prepaid expenses and other current assets
12	8	19	28	-9	0	-7	9	31	10	0	0	0	-	0	0	0	-	0	0	13	-	2	24	15	21	22	13	7	14	10	11	15	25	-17	-38	-37	-61	18	27	9	7	0	0	0
Changes in accounts payable and other current liabilities
-37	-36	-83	-79	-19	-68	-86	-196	-224	-173	0	0	0	-	0	0	0	-	0	0	193	-	-29	100	-41	-102	-33	-102	52	9	30	97	34	144	109	73	55	61	30	107	5	-62	0	0	0
Changes in income taxes payable
17	23	48	44	47	65	23	13	-54	-55	0	0	0	-	0	0	0	-	0	0	-145	-	-125	48	49	14	155	118	74	126	140	107	94	109	41	151	163	104	110	-56	-68	-95	0	0	0
Acquisitions and investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Proceeds from sales of property, plant and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	39	39	42	34	0	0	0
Changes in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-300	-300	-300	0	300	0	0	0	-	-	-	-	-	-	-	-
Other, net
130	144	155	154	109	92	79	59	131	138	0	0	0	-	0	0	0	-	0	0	83	-	129	79	109	131	59	13	10	50	106	122	97	92	65	182	135	137	150	14	91	82	0	0	0
Net Cash Provided by Operating Activities
1,253	1,315	1,263	1,256	1,287	1,176	1,108	972	931	1,030	0	0	0	-	-	-	0	-	0	0	1,995	-	2,198	2,494	2,308	2,139	2,029	2,099	2,222	2,294	2,285	2,171	2,135	2,170	2,174	2,202	2,084	1,968	1,766	1,742	1,499	1,404	0	0	0
Cash Flows - Investing Activities
Capital spending
187	196	196	225	236	234	237	253	284	318	0	0	0	-	0	0	0	-	0	0	1,088	-	1,005	985	984	1,049	1,120	1,165	1,163	1,099	1,065	1,016	940	940	859	820	806	796	782	782	817	797	0	0	0
Business Combination, Consideration Transferred
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	99	99	90	3	543	622	622	620	81	0	0	0	-	-	-	-	-	-	0	0
Changes in short-term investments, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	0	-	-	-	-	-	-	-	-
Proceeds from refranchising of restaurants
98	110	435	598	634	825	1,502	1,704	1,793	1,773	939	607	547	370	0	0	0	-	0	0	134	-	108	122	181	260	395	387	343	364	314	329	334	246	278	236	237	265	209	214	200	194	0	0	0
Other, net
-2	2	3	4	17	12	-7	-6	-23	-17	0	0	0	-	0	0	0	-	0	0	-42	-	5	-12	-1	-2	22	35	23	27	-60	-68	-64	-69	-19	-23	-22	-14	21	18	21	19	0	0	0
Net Cash Used in Investing Activities
-495	-88	170	303	115	313	1,072	1,257	1,532	1,472	0	0	0	-	-	-	0	-	0	0	-964	-	-1,219	-1,090	-901	-886	-845	-819	-767	-1,005	-1,013	-1,023	-1,241	-1,006	-884	-914	-619	-579	-657	-610	-715	-727	0	0	0
Cash Flows - Financing Activities
Proceeds from long-term debt
800	800	2,250	1,450	1,556	1,556	106	106	896	1,088	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of long-term debt
331	331	1,113	855	952	1,264	475	474	517	385	0	0	0	-	-	-	0	-	0	0	67	-	668	667	667	666	7	271	280	282	284	23	665	666	671	682	30	29	26	392	529	528	0	0	0
Revolving credit facilities, three months or less, net
950	0	-273	-45	0	0	238	202	0	0	0	0	0	-	-	-	-	-	0	0	434	-	397	178	35	0	0	0	0	-	-	-	-	-	-	-	-	-5	6	-408	-229	-295	0	0	0
Short-term borrowings by original maturity
More than three months - proceeds
138	130	80	56	105	59	59	51	12	0	0	0	0	-	-	-	0	-	0	0	2	-	2	1	47	56	0	0	0	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0
More than three months - payments
129	126	70	60	93	59	59	43	7	0	0	0	0	-	-	-	0	-	0	0	2	-	2	56	56	56	0	0	0	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0
Three months or less, net
0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0	-	0	0	0	-	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-3	-8	-15	-15	-8	0	0	0
Short-term borrowings, more than three months, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase shares of Common Stock
706	815	1,178	1,527	2,001	2,390	2,296	2,272	1,997	1,960	0	0	0	-	-	-	0	-	0	0	820	-	770	741	796	770	787	1,005	985	965	878	722	678	752	650	558	391	371	283	247	132	0	0	0	0
Excess tax benefit from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	48	-	46	45	46	44	73	76	81	98	85	90	86	66	56	74	68	69	57	39	60	59	0	0	0
Employee stock option proceeds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	28	-	41	42	43	37	52	51	51	62	56	59	66	59	68	86	94	102	86	80	109	113	0	0	0
Dividends paid on Common Stock
523	511	498	483	471	462	450	441	430	416	0	0	0	-	-	-	0	-	0	0	683	-	654	641	628	615	602	583	564	544	524	509	494	481	467	460	431	412	394	384	374	362	0	0	0
Debt issuance costs
-	-	-	-	-	-	-	-	-	32	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-51	-75	-75	-56	-53	-47	-50	-93	-85	-90	0	0	0	-	-	-	0	-	0	0	-63	-	-53	-57	-52	-80	-88	-87	-99	-85	-62	-61	-59	-43	-41	-59	-40	-38	-42	-44	-22	-20	0	0	0
Net Cash Provided by (Used in) Financing Activities
138	-938	-899	-1,533	-1,922	-2,620	-2,927	-2,964	-2,142	-1,795	0	0	0	-	-	-	0	-	0	0	-1,123	-	-1,062	-1,297	-1,429	-1,451	-1,369	-1,764	-1,787	-1,716	-1,540	-1,112	-1,340	-1,413	-1,381	-888	-408	-337	-254	-872	-633	-542	0	0	0
Effect of Exchange Rates on Cash and Cash Equivalents
-60	5	-35	-46	-89	-63	-36	19	82	61	0	0	0	-	-	-	0	-	0	0	33	-	15	-10	-6	-5	-4	0	-5	5	-26	-7	16	21	53	38	28	21	-5	-14	-13	-15	0	0	0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect
836	294	499	-20	-609	-1,194	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Increase (Decrease) in Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents - Continuing Operations
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	0	0	-59	-	-68	97	-28	-203	-189	-484	-337	-422	-294	29	-430	-228	-38	425	1,085	1,073	850	246	138	120	0	0	0
Discontinued Operations [Member]
Income from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-