Cash flow Yum China Holdings, Inc.

Stocks

YUMC

US98850P1093

Restaurants & Bars

Market Closed - NYSE Other stock markets 23:00:02 10/06/2026 +03			After hours 03:00:00
43.79 ^USD	+2.50%		47.12	+7.62%

06-01	Yum! Brands Said in Talks to Sell Pizza Hut Chain to LongRange Capital	MT
05-22	Exchange-Traded Funds, Equity Futures Higher Pre-Bell Friday Buoyed by Robust Corporate Earnings Season	MT

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Published financial data: YUM CHINA HOLDINGS, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	9.78B	9.48B	10.85B	11.16B	11.64B
Other Revenues, Total	76M	91M	126M	138M	152M
Total Revenues	9.85B	9.57B	10.98B	11.3B	11.8B
Cost of Goods Sold, Total	8.02B	7.78B	8.71B	9.04B	9.37B
Gross Profit	1.83B	1.79B	2.27B	2.26B	2.42B
Selling General & Admin Expenses, Total	987M	960M	1.04B	940M	967M
Other Operating Expenses	108M	175M	114M	121M	131M
Other Operating Expenses, Total	1.1B	1.14B	1.15B	1.06B	1.1B
Operating Income	734M	658M	1.12B	1.2B	1.33B
Interest Expense, Total	-2M	-2M	-2M	-3M	-2M
Interest And Investment Income	62M	86M	171M	172M	94M
Net Interest Expenses	60M	84M	169M	169M	92M
Income (Loss) On Equity Invest.	43M	-2M	4M	5M	15M
Currency Exchange Gains (Loss)	15M	3M	2M	-	-
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	852M	743M	1.29B	1.38B	1.43B
Restructuring Charges	-	-	-	-	5M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	574M	-26M	-49M	-	-24M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-34M	-32M	-29M	-39M	-42M
Insurance Settlements	-	-	-	-	-
Other Unusual Items	-	-	18M	-	-
EBT, Incl. Unusual Items	1.39B	685M	1.23B	1.34B	1.37B
Income Tax Expense	369M	207M	329M	356M	369M
Earnings From Continuing Operations	1.02B	478M	901M	980M	1B
Net Income to Company	1.02B	478M	901M	980M	1B
Minority Interest	-33M	-36M	-74M	-69M	-75M
Net Income - (IS)	990M	442M	827M	911M	929M
Net Income to Common Incl Extra Items	990M	442M	827M	911M	929M
Net Income to Common Excl. Extra Items	990M	442M	827M	911M	929M
Per Share Items
Net EPS - Basic	2.35	1.05	1.99	2.35	2.52
Basic EPS - Continuing Operations	2.35	1.05	1.99	2.35	2.52
Basic Weighted Average Shares Outstanding	422M	421M	416M	388M	369M
Net EPS - Diluted	2.28	1.04	1.97	2.33	2.51
Diluted EPS - Continuing Operations	2.28	1.04	1.97	2.33	2.51
Diluted Weighted Average Shares Outstanding	434M	425M	420M	390M	371M
Normalized Basic EPS	1.18	1.02	1.76	2.04	2.23
Normalized Diluted EPS	1.15	1.01	1.74	2.03	2.21
Dividend Per Share	0.48	0.48	0.52	0.64	0.96
Payout Ratio	20.5	45.7	26.12	27.22	38
Supplemental Items
EBITDA	1.25B	1.26B	1.57B	1.68B	1.78B
EBITA	784M	762M	1.12B	1.21B	1.33B
EBIT	734M	658M	1.12B	1.2B	1.33B
EBITDAR	2.15B	2.12B	2.48B	2.61B	2.71B
Total Revenues (As Reported)	9.85B	9.57B	10.98B	11.3B	11.8B
Effective Tax Rate - (Ratio)	26.51	30.22	26.75	26.65	26.88
Total Current Taxes	209M	227M	339M	363M	383M
Total Deferred Taxes	160M	-20M	-10M	-7M	-14M
Normalized Net Income	500M	428M	732M	790M	821M
Interest on Long-Term Debt	2M	2M	2M	3M	2M
Supplemental Operating Expense Items
Marketing Expenses	423M	366M	399M	372M	386M
Selling and Marketing Expenses	423M	366M	399M	372M	386M
General and Administrative Expenses	564M	594M	638M	568M	581M
Research And Development Expense From Footnotes	6M	6M	6M	6M	8M
Net Rental Expense, Total	898M	861M	917M	936M	935M
Imputed Operating Lease Interest Expense	5.49M	5.26M	5.93M	9.06M	6.28M
Imputed Operating Lease Depreciation	893M	856M	911M	927M	929M
Stock-Based Comp., Other (Total)	41M	42M	64M	41M	42M
Total Stock-Based Compensation	41M	42M	64M	41M	42M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.14B	1.13B	1.13B	723M	506M
Short Term Investments	2.86B	2.02B	1.5B	1.14B	902M
Total Cash And Short Term Investments	4B	3.15B	2.62B	1.87B	1.41B
Accounts Receivable, Total	112M	117M	146M	151M	167M
Other Receivables	-	6M	46M	48M	100M
Total Receivables	112M	123M	192M	199M	267M
Inventory	432M	417M	424M	405M	438M
Prepaid Expenses	176M	160M	99M	107M	102M
Other Current Assets, Total	-	88M	91M	117M	142M
Total Current Assets	4.72B	3.94B	3.43B	2.69B	2.36B
Gross Property Plant And Equipment	7.24B	6.8B	7.1B	7.24B	7.65B
Accumulated Depreciation	-2.37B	-2.47B	-2.57B	-2.68B	-2.92B
Net Property Plant And Equipment	4.86B	4.34B	4.53B	4.55B	4.73B
Long-term Investments	414M	1.04B	1.69B	1.55B	1.17B
Goodwill	2.14B	1.99B	1.93B	1.88B	1.96B
Other Intangibles, Total	410M	282M	265M	251M	246M
Deferred Tax Assets Long-Term	106M	113M	129M	138M	156M
Deferred Charges Long-Term	7M	6M	6M	6M	6M
Other Long-Term Assets, Total	565M	119M	50M	46M	154M
Total Assets	13.22B	11.83B	12.03B	11.12B	10.78B
Liabilities
Accounts Payable, Total	830M	727M	786M	801M	793M
Accrued Expenses, Total	354M	357M	350M	268M	301M
Short-term Borrowings	-	-	168M	127M	30M
Current Portion of Leases	511M	453M	431M	422M	444M
Current Income Taxes Payable	51M	68M	90M	76M	89M
Unearned Revenue Current, Total	182M	182M	196M	196M	205M
Other Current Liabilities	455M	379M	401M	393M	384M
Total Current Liabilities	2.38B	2.17B	2.42B	2.28B	2.25B
Long-Term Leases	2.33B	1.95B	1.94B	1.86B	1.87B
Unearned Revenue Non Current	26M	28M	32M	36M	47M
Deferred Tax Liability Non Current	425M	390M	390M	389M	406M
Other Non Current Liabilities	141M	134M	125M	121M	111M
Total Liabilities	5.3B	4.67B	4.91B	4.69B	4.68B
Common Stock, Total	4M	4M	4M	4M	4M
Additional Paid In Capital	4.7B	4.39B	4.32B	4.03B	3.8B
Retained Earnings	2.89B	2.19B	2.31B	2.09B	1.76B
Treasury Stock	-803M	-	-	-52M	-28M
Comprehensive Income and Other	268M	-103M	-229M	-341M	-157M
Total Common Equity	7.06B	6.48B	6.4B	5.73B	5.38B
Minority Interest	866M	678M	714M	699M	720M
Total Equity	7.92B	7.16B	7.12B	6.43B	6.1B
Total Liabilities And Equity	13.22B	11.83B	12.03B	11.12B	10.78B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	426M	418M	401M	376M	353M
ECS Total Common Shares Outstanding	428M	419M	407M	378M	354M
Book Value / Share	16.49	15.47	15.74	15.15	15.19
Tangible Book Value	4.5B	4.21B	4.21B	3.6B	3.17B
Tangible Book Value Per Share	10.52	10.05	10.34	9.52	8.95
Total Debt	2.84B	2.4B	2.54B	2.41B	2.35B
Net Debt	-1.16B	-751M	-83M	548M	940M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-	-	-	-
Debt Equivalent Oper. Leases	7.18B	6.89B	7.34B	7.49B	7.48B
Minority Interest, Total (Incl. Fin. Div)	866M	678M	714M	699M	720M
Equity Method Investments, Total	292M	266M	287M	285M	315M
Account Code - Inventory Valuation	5	5	5	5	5
Buildings, Total	2.7B	2.91B	3.07B	3.16B	3.34B
Machinery, Total	1.88B	1.61B	1.74B	1.86B	2.04B
Full Time Employees	147K	145K	155K	140K	130K
Part Time Employees	303K	261K	277K	211K	160K
Assets under Capital Lease - Gross	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	1M	2M	1M	1M	2M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	990M	442M	827M	911M	929M
Depreciation & Amortization - CF	466M	498M	445M	470M	442M
Amortization of Goodwill and Intangible Assets - (CF)	50M	104M	8M	6M	6M
Depreciation & Amortization, Total	516M	602M	453M	476M	448M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-575M	26M	49M	-40M	24M
Asset Writedown & Restructuring Costs	34M	32M	29M	39M	37M
(Income) Loss On Equity Investments - (CF)	-12M	7M	7M	6M	1M
Stock-Based Compensation (CF)	41M	42M	64M	41M	42M
Tax Benefit from Stock Options	-	-	-	-	-
Other Operating Activities, Total	555M	430M	402M	440M	496M
Change In Accounts Receivable	-5M	-1M	-6M	-9M	-11M
Change In Inventories	-16M	-19M	-19M	8M	-14M
Change In Accounts Payable	118M	16M	84M	-3M	-33M
Change In Income Taxes	-26M	25M	25M	-12M	9M
Change in Other Net Operating Assets	-489M	-189M	-442M	-438M	-462M
Cash from Operations	1.13B	1.41B	1.47B	1.42B	1.47B
Capital Expenditure	-689M	-679M	-710M	-705M	-626M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-115M	-23M	-	-	-
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-56M	176M	-38M	523M	619M
Other Investing Activities, Total	5M	4M	5M	4M	2M
Cash from Investing	-855M	-522M	-743M	-178M	-5M
Short Term Debt Issued, Total	-	-	264M	307M	29M
Total Debt Issued	-	-	264M	307M	29M
Short Term Debt Repaid, Total	-	-	-100M	-346M	-129M
Long-Term Debt Repaid, Total	-	-	-	-	-
Total Debt Repaid	-	-	-100M	-346M	-129M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-75M	-466M	-613M	-1.25B	-1.14B
Common Dividends Paid	-203M	-202M	-216M	-248M	-353M
Common & Preferred Stock Dividends Paid	-203M	-202M	-216M	-248M	-353M
Other Financing Activities, Total	-35M	-176M	-51M	-100M	-92M
Cash from Financing	-313M	-844M	-716M	-1.64B	-1.69B
Foreign Exchange Rate Adjustments	15M	-53M	-16M	-10M	11M
Net Change in Cash	-22M	-6M	-2M	-405M	-217M
Supplemental Items
Cash Interest Paid	-	-	3M	4M	-
Cash Income Tax Paid (Refund)	255M	204M	324M	393M	370M
Levered Free Cash Flow	534M	148M	573M	450M	609M
Unlevered Free Cash Flow	535M	149M	574M	452M	610M
Change In Net Working Capital	-208M	227M	-70M	111M	83M
Net Debt Issued / Repaid	-	-	164M	-39M	-100M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	3.81	3.28	5.84	6.48	7.57
Return on Total Capital	4.68	4.05	7.25	8.11	9.59
Return On Equity %	14.22	6.34	12.62	14.47	16.03
Return on Common Equity	14.93	6.53	12.83	15.02	16.73
Margin Analysis
Gross Profit Margin %	18.56	18.74	20.64	20.01	20.56
SG&A Margin	10.02	10.03	9.45	8.32	8.2
EBITDA Margin %	12.69	13.17	14.28	14.84	15.05
EBITA Margin %	7.96	7.96	10.23	10.68	11.3
EBIT Margin %	7.45	6.88	10.16	10.63	11.25
Income From Continuing Operations Margin %	10.38	5	8.21	8.67	8.51
Net Income Margin %	10.05	4.62	7.53	8.06	7.87
Net Avail. For Common Margin %	10.05	4.62	7.53	8.06	7.87
Normalized Net Income Margin	5.07	4.48	6.67	6.99	6.96
Levered Free Cash Flow Margin	5.41	1.55	5.22	3.98	5.16
Unlevered Free Cash Flow Margin	5.43	1.56	5.23	4	5.17
Asset Turnover
Asset Turnover	0.82	0.76	0.92	0.98	1.08
Fixed Assets Turnover	2.24	2.08	2.48	2.49	2.54
Receivables Turnover (Average Receivables)	75.79	82.78	82.52	75.19	73.24
Inventory Turnover (Average Inventory)	19.33	18.32	20.72	21.81	22.23
Short Term Liquidity
Current Ratio	1.98	1.82	1.42	1.18	1.05
Quick Ratio	1.72	1.51	1.16	0.9	0.75
Operating Cash Flow to Current Liabilities	0.47	0.65	0.61	0.62	0.65
Days Sales Outstanding (Average Receivables)	4.82	4.41	4.42	4.87	4.98
Days Outstanding Inventory (Average Inventory)	18.88	19.93	17.62	16.78	16.42
Average Days Payable Outstanding	34.83	36.61	31.67	32.19	30.93
Cash Conversion Cycle (Average Days)	-11.14	-12.28	-9.63	-10.54	-9.53
Long Term Solvency
Total Debt/Equity	35.81	33.53	35.71	37.56	38.5
Total Debt / Total Capital	26.37	25.11	26.31	27.3	27.8
LT Debt/Equity	29.36	27.21	27.29	29.02	30.73
Long-Term Debt / Total Capital	21.62	20.37	20.11	21.09	22.19
Total Liabilities / Total Assets	40.09	39.46	40.83	42.21	43.44
EBIT / Interest Expense	367	329	557.5	400.33	663.5
EBITDA / Interest Expense	1.07K	1.06K	1.24K	871	1.36K
(EBITDA - Capex) / Interest Expense	729.5	721	887.5	636	1.04K
Total Debt / EBITDA	1.32	1.13	1.02	0.92	0.87
Net Debt / EBITDA	-0.54	-0.35	-0.03	0.21	0.35
Total Debt / (EBITDA - Capex)	1.94	1.67	1.43	1.27	1.13
Net Debt / (EBITDA - Capex)	-0.79	-0.52	-0.05	0.29	0.45
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	19.24	-2.88	14.72	2.96	4.37
Gross Profit, 1 Yr. Growth %	11.93	-1.97	32.83	-0.18	7.21
EBITDA, 1 Yr. Growth %	7.85	0.8	33.67	6.82	5.84
EBITA, 1 Yr. Growth %	6.23	-2.81	66.37	7.29	10.44
EBIT, 1 Yr. Growth %	3.53	-10.35	95.27	7.52	10.49
Earnings From Cont. Operations, 1 Yr. Growth %	25.83	-53.27	88.49	8.77	2.45
Net Income, 1 Yr. Growth %	26.28	-55.35	87.1	10.16	1.98
Normalized Net Income, 1 Yr. Growth %	-9.24	-14.24	95.79	7.94	3.91
Diluted EPS Before Extra, 1 Yr. Growth %	16.92	-54.39	89.42	18.27	7.73
Accounts Receivable, 1 Yr. Growth %	-23.29	4.46	24.79	3.42	10.6
Inventory, 1 Yr. Growth %	8.54	-3.47	1.68	-4.48	8.15
Net Property, Plant and Equip., 1 Yr. Growth %	23.77	-10.82	4.38	0.57	3.93
Total Assets, 1 Yr. Growth %	21.59	-10.56	1.73	-7.56	-3.04
Tangible Book Value, 1 Yr. Growth %	-9.7	-6.48	-0.1	-14.52	-11.87
Common Equity, 1 Yr. Growth %	13.7	-8.14	-1.19	-10.57	-6.09
Cash From Operations, 1 Yr. Growth %	1.53	24.93	4.25	-3.67	3.31
Capital Expenditures, 1 Yr. Growth %	64.44	-1.45	4.57	-0.7	-11.21
Levered Free Cash Flow, 1 Yr. Growth %	-24.1	-72.26	395.24	-21.63	35.44
Unlevered Free Cash Flow, 1 Yr. Growth %	-24.05	-72.09	391.02	-21.47	35.15
Dividend Per Share, 1 Yr. Growth %	100	0	8.33	23.08	50
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	5.96	7.61	5.55	8.68	3.66
Gross Profit, 2 Yr. CAGR %	0.52	4.75	11.31	12.32	3.04
EBITDA, 2 Yr. CAGR %	-1.6	4.27	12	15.23	5.72
EBITA, 2 Yr. CAGR %	-5.77	1.61	19.68	25.61	7.99
EBIT, 2 Yr. CAGR %	-7.78	-3.66	23.25	34.79	8.13
Earnings From Cont. Operations, 2 Yr. CAGR %	17.34	-23.32	-6.15	43.19	5.56
Net Income, 2 Yr. CAGR %	17.83	-24.92	-8.6	43.56	5.99
Normalized Net Income, 2 Yr. CAGR %	-10.2	-11.78	21.08	35.83	5.1
Diluted EPS Before Extra, 2 Yr. CAGR %	11.32	-26.97	-7.05	49.68	12.88
Accounts Receivable, 2 Yr. CAGR %	-6.09	-10.48	14.17	13.6	6.95
Inventory, 2 Yr. CAGR %	6.62	2.36	-0.93	-1.45	1.64
Net Property, Plant and Equip., 2 Yr. CAGR %	16.57	5.06	-3.52	2.46	2.24
Total Assets, 2 Yr. CAGR %	37.93	4.28	-4.61	-3.03	-5.33
Tangible Book Value, 2 Yr. CAGR %	31.72	-8.11	-3.34	-7.59	-13.21
Common Equity, 2 Yr. CAGR %	51.43	2.2	-4.72	-6	-8.36
Cash From Operations, 2 Yr. CAGR %	-2.31	12.62	14.12	0.21	-0.24
Capital Expenditures, 2 Yr. CAGR %	25.85	27.3	1.51	1.9	-6.1
Levered Free Cash Flow, 2 Yr. CAGR %	-7.34	-54.11	3.6	61.76	2.03
Unlevered Free Cash Flow, 2 Yr. CAGR %	-7.23	-53.96	3.59	61.51	2.03
Dividend Per Share, 2 Yr. CAGR %	0	41.42	4.08	15.47	35.87
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	5.4	2.93	9.93	4.68	7.23
Gross Profit, 3 Yr. CAGR %	2.11	-0.31	11.52	7.34	10.59
EBITDA, 3 Yr. CAGR %	-0.66	-0.81	10.6	10.29	12.01
EBITA, 3 Yr. CAGR %	-3.07	-4.79	15.02	15.47	20.33
EBIT, 3 Yr. CAGR %	-4.01	-8.64	16.29	17.84	26.15
Earnings From Cont. Operations, 3 Yr. CAGR %	11.6	-13.67	3.49	-1.42	28.07
Net Income, 3 Yr. CAGR %	11.82	-14.73	1.8	-2.73	28.09
Normalized Net Income, 3 Yr. CAGR %	-2.98	-11.57	9.98	16.53	24.23
Diluted EPS Before Extra, 3 Yr. CAGR %	8.4	-17.32	0.34	0.73	34.14
Accounts Receivable, 3 Yr. CAGR %	-4.6	-2.7	0	10.47	12.59
Inventory, 3 Yr. CAGR %	12.06	3.15	2.13	-2.13	1.65
Net Property, Plant and Equip., 3 Yr. CAGR %	44.4	6.61	4.84	-2.17	2.95
Total Assets, 3 Yr. CAGR %	42.08	19.39	3.42	-5.61	-3.03
Tangible Book Value, 3 Yr. CAGR %	24.16	17.51	-5.51	-7.22	-9.04
Common Equity, 3 Yr. CAGR %	34.92	28.19	1.06	-6.71	-6.03
Cash From Operations, 3 Yr. CAGR %	-5.33	6.04	9.76	7.85	1.24
Capital Expenditures, 3 Yr. CAGR %	13.6	16	19.22	0.77	-2.67
Levered Free Cash Flow, 3 Yr. CAGR %	-9.5	-38.01	-6.6	-5.53	52.46
Unlevered Free Cash Flow, 3 Yr. CAGR %	-9.43	-37.84	-6.59	-5.48	52.2
Dividend Per Share, 3 Yr. CAGR %	4.55	0	29.4	10.06	25.99
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	6.85	4.26	5.46	5.19	7.38
Gross Profit, 5 Yr. CAGR %	4.2	1.24	5.69	4.56	8.22
EBITDA, 5 Yr. CAGR %	3.47	1.55	4.22	5.37	8.9
EBITA, 5 Yr. CAGR %	3.22	-0.36	5.46	6.45	12.55
EBIT, 5 Yr. CAGR %	2.4	-2.79	6.08	6.83	13.36
Earnings From Cont. Operations, 5 Yr. CAGR %	14.94	2.43	4.13	5.69	4.31
Net Income, 5 Yr. CAGR %	14.73	2.12	3.16	5.02	3.45
Normalized Net Income, 5 Yr. CAGR %	1.97	-3.18	6.01	5	8.33
Diluted EPS Before Extra, 5 Yr. CAGR %	11.05	0.79	1.93	4.84	5.18
Accounts Receivable, 5 Yr. CAGR %	4.47	-0.34	2.51	3.52	2.72
Inventory, 5 Yr. CAGR %	10.02	7.02	6.67	1.28	1.93
Net Property, Plant and Equip., 5 Yr. CAGR %	24.18	20.73	22.89	4.93	3.79
Total Assets, 5 Yr. CAGR %	28.82	22.5	21.15	9.86	-0.17
Tangible Book Value, 5 Yr. CAGR %	15.3	11.67	12.33	6.74	-8.67
Common Equity, 5 Yr. CAGR %	24.31	18.58	17.39	13.23	-2.82
Cash From Operations, 5 Yr. CAGR %	5.48	9.83	2.02	3.67	5.65
Capital Expenditures, 5 Yr. CAGR %	9.58	10.35	8.6	10.14	8.36
Levered Free Cash Flow, 5 Yr. CAGR %	8.28	-19.46	-4.47	-6.26	-2.82
Unlevered Free Cash Flow, 5 Yr. CAGR %	8.33	-19.33	-4.43	-6.18	-2.82
Dividend Per Share, 5 Yr. CAGR %	-	36.85	4.36	5.92	31.95