Cash flow Yum China Holdings, Inc.

Equities

YUMC

US98850P1093

Restaurants & Bars

Market Closed - Nyse Other stock markets 21:00:02 10/12/2025 GMT			5-day change	1st Jan Change
46.94 ^USD	+2.02%		-0.64%	-2.55%

12-07	Yum China Holdings, Inc.(SEHK:9987) added to Hang Seng China Enterprises Index	CI
11-25	Yum China Holdings Insider Sold Shares Worth $395,268, According to a Recent SEC Filing	MT

38af3c07252aa0902ad61b4c4cc.OnXUQY3XQJSjsGXNdtMyFtdG2AdQrbQX-HRHs1UyoeM.WCaMeN2jJqHt0xC5ALhBfqAx4HcowttnnRw0-zxzz4dzFON5wqMvptfvPA

Published financial data: YUM CHINA HOLDINGS, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	8.19B	9.78B	9.48B	10.85B	11.16B
Other Revenues, Total	72M	76M	91M	126M	138M
Total Revenues	8.26B	9.85B	9.57B	10.98B	11.3B
Cost of Goods Sold, Total	6.63B	8.02B	7.78B	8.71B	9.04B
Gross Profit	1.63B	1.83B	1.79B	2.27B	2.26B
Selling General & Admin Expenses, Total	846M	987M	960M	1.04B	940M
Other Operating Expenses	57M	108M	175M	114M	121M
Other Operating Expenses, Total	903M	1.1B	1.14B	1.15B	1.06B
Operating Income	731M	734M	658M	1.12B	1.2B
Interest Expense, Total	-2M	-2M	-2M	-2M	-3M
Interest And Investment Income	149M	62M	86M	171M	172M
Net Interest Expenses	147M	60M	84M	169M	169M
Income (Loss) On Equity Invest.	62M	43M	-2M	4M	5M
Currency Exchange Gains (Loss)	-13M	15M	3M	2M	-
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	927M	852M	743M	1.29B	1.38B
Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	239M	574M	-26M	-49M	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-55M	-34M	-32M	-29M	-39M
Insurance Settlements	-	-	-	-	-
Other Unusual Items	-3M	-	-	18M	-
EBT, Incl. Unusual Items	1.11B	1.39B	685M	1.23B	1.34B
Income Tax Expense	295M	369M	207M	329M	356M
Earnings From Continuing Operations	813M	1.02B	478M	901M	980M
Net Income to Company	813M	1.02B	478M	901M	980M
Minority Interest	-29M	-33M	-36M	-74M	-69M
Net Income - (IS)	784M	990M	442M	827M	911M
Net Income to Common Incl Extra Items	784M	990M	442M	827M	911M
Net Income to Common Excl. Extra Items	784M	990M	442M	827M	911M
Per Share Items
Net EPS - Basic	2.01	2.35	1.05	1.99	2.35
Basic EPS - Continuing Operations	2.01	2.35	1.05	1.99	2.35
Basic Weighted Average Shares Outstanding	390M	422M	421M	416M	388M
Net EPS - Diluted	1.95	2.28	1.04	1.97	2.33
Diluted EPS - Continuing Operations	1.95	2.28	1.04	1.97	2.33
Diluted Weighted Average Shares Outstanding	402M	434M	425M	420M	390M
Normalized Basic EPS	1.41	1.18	1.02	1.76	2.04
Normalized Diluted EPS	1.37	1.15	1.01	1.74	2.03
Dividend Per Share	0.24	0.48	0.48	0.52	0.64
Payout Ratio	12.12	20.5	45.7	26.12	27.22
Supplemental Items
EBITDA	1.18B	1.25B	1.26B	1.57B	1.68B
EBITA	760M	784M	762M	1.12B	1.21B
EBIT	731M	734M	658M	1.12B	1.2B
EBITDAR	1.93B	2.15B	2.12B	2.48B	2.61B
Total Revenues (As Reported)	8.26B	9.85B	9.57B	10.98B	11.3B
Effective Tax Rate - (Ratio)	26.62	26.51	30.22	26.75	26.65
Total Current Taxes	184M	209M	227M	339M	363M
Total Deferred Taxes	111M	160M	-20M	-10M	-7M
Normalized Net Income	550M	500M	428M	732M	790M
Interest on Long-Term Debt	2M	2M	2M	2M	3M
Supplemental Operating Expense Items
Marketing Expenses	367M	423M	366M	399M	372M
Selling and Marketing Expenses	367M	423M	366M	399M	372M
General and Administrative Expenses	479M	564M	594M	638M	568M
Research And Development Expense From Footnotes	3M	6M	6M	6M	6M
Net Rental Expense, Total	749M	898M	861M	917M	936M
Imputed Operating Lease Interest Expense	5.2M	5.49M	5.26M	5.93M	9.06M
Imputed Operating Lease Depreciation	744M	893M	856M	911M	927M
Stock-Based Comp., Other (Total)	36M	41M	42M	64M	41M
Total Stock-Based Compensation	36M	41M	42M	64M	41M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	1.16B	1.14B	1.13B	1.13B	723M
Short Term Investments	3.1B	2.86B	2.02B	1.5B	1.14B
Total Cash And Short Term Investments	4.26B	4B	3.15B	2.62B	1.87B
Accounts Receivable, Total	146M	112M	117M	146M	151M
Other Receivables	10M	-	6M	46M	48M
Total Receivables	156M	112M	123M	192M	199M
Inventory	398M	432M	417M	424M	405M
Prepaid Expenses	119M	176M	160M	99M	107M
Other Current Assets, Total	-	-	88M	91M	117M
Total Current Assets	4.94B	4.72B	3.94B	3.43B	2.69B
Gross Property Plant And Equipment	6.06B	7.24B	6.8B	7.1B	7.24B
Accumulated Depreciation	-2.13B	-2.37B	-2.47B	-2.57B	-2.68B
Net Property Plant And Equipment	3.93B	4.86B	4.34B	4.53B	4.55B
Long-term Investments	245M	414M	1.04B	1.69B	1.55B
Goodwill	832M	2.14B	1.99B	1.93B	1.88B
Other Intangibles, Total	386M	410M	282M	265M	251M
Deferred Tax Assets Long-Term	98M	106M	113M	129M	138M
Deferred Charges Long-Term	9M	7M	6M	6M	6M
Other Long-Term Assets, Total	440M	565M	119M	50M	46M
Total Assets	10.88B	13.22B	11.83B	12.03B	11.12B
Liabilities
Accounts Payable, Total	708M	830M	727M	786M	801M
Accrued Expenses, Total	311M	354M	357M	350M	268M
Short-term Borrowings	-	-	-	168M	127M
Current Portion of Leases	450M	511M	453M	431M	422M
Current Income Taxes Payable	72M	51M	68M	90M	76M
Unearned Revenue Current, Total	175M	182M	182M	196M	196M
Other Current Liabilities	351M	455M	379M	401M	393M
Total Current Liabilities	2.07B	2.38B	2.17B	2.42B	2.28B
Long-Term Leases	1.94B	2.33B	1.95B	1.94B	1.86B
Unearned Revenue Non Current	31M	26M	28M	32M	36M
Deferred Tax Liability Non Current	227M	425M	390M	390M	389M
Other Non Current Liabilities	136M	141M	134M	125M	121M
Total Liabilities	4.4B	5.3B	4.67B	4.91B	4.69B
Common Stock, Total	4M	4M	4M	4M	4M
Additional Paid In Capital	4.66B	4.7B	4.39B	4.32B	4.03B
Retained Earnings	2.1B	2.89B	2.19B	2.31B	2.09B
Treasury Stock	-728M	-803M	-	-	-52M
Comprehensive Income and Other	167M	268M	-103M	-229M	-341M
Total Common Equity	6.21B	7.06B	6.48B	6.4B	5.73B
Minority Interest	265M	866M	678M	714M	699M
Total Equity	6.47B	7.92B	7.16B	7.12B	6.43B
Total Liabilities And Equity	10.88B	13.22B	11.83B	12.03B	11.12B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	420M	426M	418M	401M	376M
ECS Total Common Shares Outstanding	420M	428M	419M	407M	378M
Book Value / Share	14.78	16.49	15.47	15.74	15.15
Tangible Book Value	4.99B	4.5B	4.21B	4.21B	3.6B
Tangible Book Value Per Share	11.88	10.52	10.05	10.34	9.52
Total Debt	2.39B	2.84B	2.4B	2.54B	2.41B
Net Debt	-1.87B	-1.16B	-751M	-83M	548M
Debt Equivalent of Unfunded Proj. Benefit Obligation	200K	-	-	-	-
Debt Equivalent Oper. Leases	5.99B	7.18B	6.89B	7.34B	7.49B
Minority Interest, Total (Incl. Fin. Div)	265M	866M	678M	714M	699M
Equity Method Investments, Total	85M	292M	266M	287M	285M
Account Code - Inventory Valuation	5	5	5	5	5
Buildings, Total	2.37B	2.7B	2.91B	3.07B	3.16B
Machinery, Total	1.49B	1.88B	1.61B	1.74B	1.86B
Full Time Employees	136K	147K	145K	155K	140K
Part Time Employees	270K	303K	261K	277K	211K
Assets under Capital Lease - Gross	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	1M	1M	2M	1M	1M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	784M	990M	442M	827M	911M
Depreciation & Amortization - CF	421M	466M	498M	445M	470M
Amortization of Goodwill and Intangible Assets - (CF)	29M	50M	104M	8M	6M
Depreciation & Amortization, Total	450M	516M	602M	453M	476M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-343M	-575M	26M	49M	-40M
Asset Writedown & Restructuring Costs	55M	34M	32M	29M	39M
(Income) Loss On Equity Investments - (CF)	-7M	-12M	7M	7M	6M
Stock-Based Compensation (CF)	36M	41M	42M	64M	41M
Tax Benefit from Stock Options	-	-	-	-	-
Other Operating Activities, Total	464M	555M	430M	402M	440M
Change In Accounts Receivable	-15M	-5M	-1M	-6M	-9M
Change In Inventories	17M	-16M	-19M	-19M	8M
Change In Accounts Payable	65M	118M	16M	84M	-3M
Change In Income Taxes	17M	-26M	25M	25M	-12M
Change in Other Net Operating Assets	-409M	-489M	-189M	-442M	-438M
Cash from Operations	1.11B	1.13B	1.41B	1.47B	1.42B
Capital Expenditure	-419M	-689M	-679M	-710M	-705M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-288M	-115M	-23M	-	-
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-2.46B	-56M	176M	-38M	523M
Other Investing Activities, Total	56M	5M	4M	5M	4M
Cash from Investing	-3.11B	-855M	-522M	-743M	-178M
Short Term Debt Issued, Total	-	-	-	264M	307M
Total Debt Issued	-	-	-	264M	307M
Short Term Debt Repaid, Total	-	-	-	-100M	-346M
Long-Term Debt Repaid, Total	-	-	-	-	-
Total Debt Repaid	-	-	-	-100M	-346M
Issuance of Common Stock	2.2B	-	-	-	-
Repurchase of Common Stock	-8M	-75M	-466M	-613M	-1.25B
Common Dividends Paid	-95M	-203M	-202M	-216M	-248M
Common & Preferred Stock Dividends Paid	-95M	-203M	-202M	-216M	-248M
Other Financing Activities, Total	-34M	-35M	-176M	-51M	-100M
Cash from Financing	2.06B	-313M	-844M	-716M	-1.64B
Foreign Exchange Rate Adjustments	40M	15M	-53M	-16M	-10M
Net Change in Cash	103M	-22M	-6M	-2M	-405M
Supplemental Items
Cash Interest Paid	-	-	-	3M	4M
Cash Income Tax Paid (Refund)	170M	255M	204M	324M	393M
Levered Free Cash Flow	717M	534M	148M	573M	450M
Unlevered Free Cash Flow	718M	535M	149M	574M	452M
Change In Net Working Capital	-194M	-208M	227M	-70M	111M
Net Debt Issued / Repaid	-	-	-	164M	-39M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	5.13	3.81	3.28	5.84	6.48
Return on Total Capital	6.41	4.68	4.05	7.25	8.11
Return On Equity %	16.86	14.22	6.34	12.62	14.47
Return on Common Equity	16.89	14.93	6.53	12.83	15.02
Margin Analysis
Gross Profit Margin %	19.77	18.56	18.74	20.64	20.01
SG&A Margin	10.24	10.02	10.03	9.45	8.32
EBITDA Margin %	14.29	12.69	13.17	14.28	14.84
EBITA Margin %	9.2	7.96	7.96	10.23	10.68
EBIT Margin %	8.85	7.45	6.88	10.16	10.63
Income From Continuing Operations Margin %	9.84	10.38	5	8.21	8.67
Net Income Margin %	9.49	10.05	4.62	7.53	8.06
Net Avail. For Common Margin %	9.49	10.05	4.62	7.53	8.06
Normalized Net Income Margin	6.66	5.07	4.48	6.67	6.99
Levered Free Cash Flow Margin	8.67	5.41	1.55	5.22	3.98
Unlevered Free Cash Flow Margin	8.69	5.43	1.56	5.23	4
Asset Turnover
Asset Turnover	0.93	0.82	0.76	0.92	0.98
Fixed Assets Turnover	2.2	2.24	2.08	2.48	2.49
Receivables Turnover (Average Receivables)	60.01	75.79	82.78	82.52	75.19
Inventory Turnover (Average Inventory)	17.04	19.33	18.32	20.72	21.81
Short Term Liquidity
Current Ratio	2.39	1.98	1.82	1.42	1.18
Quick Ratio	2.14	1.72	1.51	1.16	0.9
Operating Cash Flow to Current Liabilities	0.54	0.47	0.65	0.61	0.62
Days Sales Outstanding (Average Receivables)	6.1	4.82	4.41	4.42	4.87
Days Outstanding Inventory (Average Inventory)	21.48	18.88	19.93	17.62	16.78
Average Days Payable Outstanding	36.64	34.83	36.61	31.67	32.19
Cash Conversion Cycle (Average Days)	-9.07	-11.14	-12.28	-9.63	-10.54
Long Term Solvency
Total Debt/Equity	36.98	35.81	33.53	35.71	37.56
Total Debt / Total Capital	27	26.37	25.11	26.31	27.3
LT Debt/Equity	30.03	29.36	27.21	27.29	29.02
Long-Term Debt / Total Capital	21.92	21.62	20.37	20.11	21.09
Total Liabilities / Total Assets	40.5	40.09	39.46	40.83	42.21
EBIT / Interest Expense	365.5	367	329	557.5	400.33
EBITDA / Interest Expense	965	1.07K	1.06K	1.24K	871
(EBITDA - Capex) / Interest Expense	755.5	729.5	721	887.5	636
Total Debt / EBITDA	1.24	1.32	1.13	1.02	0.92
Net Debt / EBITDA	-0.97	-0.54	-0.35	-0.03	0.21
Total Debt / (EBITDA - Capex)	1.58	1.94	1.67	1.43	1.27
Net Debt / (EBITDA - Capex)	-1.24	-0.79	-0.52	-0.05	0.29
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-5.85	19.24	-2.88	14.72	2.96
Gross Profit, 1 Yr. Growth %	-9.72	11.93	-1.97	32.83	-0.18
EBITDA, 1 Yr. Growth %	-9.5	7.85	0.8	33.67	6.82
EBITA, 1 Yr. Growth %	-15.27	6.23	-2.81	66.37	7.29
EBIT, 1 Yr. Growth %	-16.65	3.53	-10.35	95.27	7.52
Earnings From Cont. Operations, 1 Yr. Growth %	9.42	25.83	-53.27	88.49	8.77
Net Income, 1 Yr. Growth %	9.96	26.28	-55.35	87.1	10.16
Normalized Net Income, 1 Yr. Growth %	-11.14	-9.24	-14.24	95.79	7.94
Diluted EPS Before Extra, 1 Yr. Growth %	5.98	16.92	-54.39	89.42	18.27
Accounts Receivable, 1 Yr. Growth %	14.96	-23.29	4.46	24.79	3.42
Inventory, 1 Yr. Growth %	4.74	8.54	-3.47	1.68	-4.48
Net Property, Plant and Equip., 1 Yr. Growth %	9.78	23.77	-10.82	4.38	0.57
Total Assets, 1 Yr. Growth %	56.47	21.59	-10.56	1.73	-7.56
Tangible Book Value, 1 Yr. Growth %	92.14	-9.7	-6.48	-0.1	-14.52
Common Equity, 1 Yr. Growth %	101.69	13.7	-8.14	-1.19	-10.57
Cash From Operations, 1 Yr. Growth %	-5.99	1.53	24.93	4.25	-3.67
Capital Expenditures, 1 Yr. Growth %	-3.68	64.44	-1.45	4.57	-0.7
Levered Free Cash Flow, 1 Yr. Growth %	13.95	-24.1	-72.26	395.24	-21.63
Unlevered Free Cash Flow, 1 Yr. Growth %	13.93	-24.05	-72.09	391.02	-21.47
Dividend Per Share, 1 Yr. Growth %	-50	100	0	8.33	23.08
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-0.91	5.96	7.61	5.55	8.68
Gross Profit, 2 Yr. CAGR %	-2.48	0.52	4.75	11.31	12.32
EBITDA, 2 Yr. CAGR %	-3.76	-1.6	4.27	12	15.23
EBITA, 2 Yr. CAGR %	-6.05	-5.77	1.61	19.68	25.61
EBIT, 2 Yr. CAGR %	-6.15	-7.78	-3.66	23.25	34.79
Earnings From Cont. Operations, 2 Yr. CAGR %	5.1	17.34	-23.32	-6.15	43.19
Net Income, 2 Yr. CAGR %	5.23	17.83	-24.92	-8.6	43.56
Normalized Net Income, 2 Yr. CAGR %	0.31	-10.2	-11.78	21.08	35.83
Diluted EPS Before Extra, 2 Yr. CAGR %	4.37	11.32	-26.97	-7.05	49.68
Accounts Receivable, 2 Yr. CAGR %	6.39	-6.09	-10.48	14.17	13.6
Inventory, 2 Yr. CAGR %	13.86	6.62	2.36	-0.93	-1.45
Net Property, Plant and Equip., 2 Yr. CAGR %	55.97	16.57	5.06	-3.52	2.46
Total Assets, 2 Yr. CAGR %	53.59	37.93	4.28	-4.61	-3.03
Tangible Book Value, 2 Yr. CAGR %	45.6	31.72	-8.11	-3.34	-7.59
Common Equity, 2 Yr. CAGR %	46.97	51.43	2.2	-4.72	-6
Cash From Operations, 2 Yr. CAGR %	-8.58	-2.31	12.62	14.12	0.21
Capital Expenditures, 2 Yr. CAGR %	-5.58	25.85	27.3	1.51	1.9
Levered Free Cash Flow, 2 Yr. CAGR %	-0.22	-7.34	-54.11	3.6	61.76
Unlevered Free Cash Flow, 2 Yr. CAGR %	-0.13	-7.23	-53.96	3.59	61.51
Dividend Per Share, 2 Yr. CAGR %	-24.41	0	41.42	4.08	15.47
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	2.08	5.4	2.93	9.93	4.68
Gross Profit, 3 Yr. CAGR %	-1.04	2.11	-0.31	11.52	7.34
EBITDA, 3 Yr. CAGR %	0.4	-0.66	-0.81	10.6	10.29
EBITA, 3 Yr. CAGR %	-0.69	-3.07	-4.79	15.02	15.47
EBIT, 3 Yr. CAGR %	-1.2	-4.01	-8.64	16.29	17.84
Earnings From Cont. Operations, 3 Yr. CAGR %	24.23	11.6	-13.67	3.49	-1.42
Net Income, 3 Yr. CAGR %	25.36	11.82	-14.73	1.8	-2.73
Normalized Net Income, 3 Yr. CAGR %	3.02	-2.98	-11.57	9.98	16.53
Diluted EPS Before Extra, 3 Yr. CAGR %	24.93	8.4	-17.32	0.34	0.73
Accounts Receivable, 3 Yr. CAGR %	7.05	-4.6	-2.7	0	10.47
Inventory, 3 Yr. CAGR %	10.25	12.06	3.15	2.13	-2.13
Net Property, Plant and Equip., 3 Yr. CAGR %	32.45	44.4	6.61	4.84	-2.17
Total Assets, 3 Yr. CAGR %	36.38	42.08	19.39	3.42	-5.61
Tangible Book Value, 3 Yr. CAGR %	27.18	24.16	17.51	-5.51	-7.22
Common Equity, 3 Yr. CAGR %	30.93	34.92	28.19	1.06	-6.71
Cash From Operations, 3 Yr. CAGR %	8.01	-5.33	6.04	9.76	7.85
Capital Expenditures, 3 Yr. CAGR %	0.32	13.6	16	19.22	0.77
Levered Free Cash Flow, 3 Yr. CAGR %	17.95	-9.5	-38.01	-6.6	-5.53
Unlevered Free Cash Flow, 3 Yr. CAGR %	18.02	-9.43	-37.84	-6.59	-5.48
Dividend Per Share, 3 Yr. CAGR %	33.89	4.55	0	29.4	10.06
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	3.64	6.85	4.26	5.46	5.19
Gross Profit, 5 Yr. CAGR %	5.76	4.2	1.24	5.69	4.56
EBITDA, 5 Yr. CAGR %	4.43	3.47	1.55	4.22	5.37
EBITA, 5 Yr. CAGR %	7.11	3.22	-0.36	5.46	6.45
EBIT, 5 Yr. CAGR %	6.8	2.4	-2.79	6.08	6.83
Earnings From Cont. Operations, 5 Yr. CAGR %	19.91	14.94	2.43	4.13	5.69
Net Income, 5 Yr. CAGR %	19.4	14.73	2.12	3.16	5.02
Normalized Net Income, 5 Yr. CAGR %	9.4	1.97	-3.18	6.01	5
Diluted EPS Before Extra, 5 Yr. CAGR %	17.04	11.05	0.79	1.93	4.84
Accounts Receivable, 5 Yr. CAGR %	34.64	4.47	-0.34	2.51	3.52
Inventory, 5 Yr. CAGR %	16.06	10.02	7.02	6.67	1.28
Net Property, Plant and Equip., 5 Yr. CAGR %	16.37	24.18	20.73	22.89	4.93
Total Assets, 5 Yr. CAGR %	27.71	28.82	22.5	21.15	9.86
Tangible Book Value, 5 Yr. CAGR %	23.6	15.3	11.67	12.33	6.74
Common Equity, 5 Yr. CAGR %	26.43	24.31	18.58	17.39	13.23
Cash From Operations, 5 Yr. CAGR %	4.06	5.48	9.83	2.02	3.67
Capital Expenditures, 5 Yr. CAGR %	-3.93	9.58	10.35	8.6	10.14
Levered Free Cash Flow, 5 Yr. CAGR %	29.24	8.28	-19.46	-4.47	-6.26
Unlevered Free Cash Flow, 5 Yr. CAGR %	29.29	8.33	-19.33	-4.43	-6.18
Dividend Per Share, 5 Yr. CAGR %	-	-	36.85	4.36	5.92