Yum! Brands, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $1.56B | $1.49B | $1.60B | $1.33B | $1.58B | $904.0M | $1.29B | $1.54B |
| Depreciation & Amortization | $206.0M | $175.0M | $153.0M | $146.0M | $164.0M | $146.0M | $112.0M | $137.0M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $98.0M | $82.0M | $74.0M | $68.0M | $76.0M | $63.0M | $52.0M | $37.0M |
| Stock-Based Compensation | $70.0M | $69.0M | $95.0M | $84.0M | $75.0M | $97.0M | $59.0M | $50.0M |
| Net Cash from Operating Activities | $2.01B | $1.69B | $1.60B | $1.43B | $1.71B | $1.31B | $1.32B | $1.18B |
| Investing Activities | ||||||||
| Capital Expenditures | $371.0M | $257.0M | $285.0M | $279.0M | $230.0M | $160.0M | $196.0M | $234.0M |
| Business Acquisitions | $6.0M | $174.0M | — | $0 | $0 | $408.0M | $0 | $66.0M |
| Net Cash from Investing Activities | $-1.00B | $-422.0M | $-107.0M | $-202.0M | $-173.0M | $-335.0M | $-88.0M | $313.0M |
| Financing Activities | ||||||||
| Dividends Paid | $789.0M | $752.0M | $678.0M | $649.0M | $592.0M | $566.0M | $511.0M | $462.0M |
| Stock Repurchases | $552.0M | $441.0M | $50.0M | $1.20B | $1.59B | $239.0M | $815.0M | $2.39B |
| Net Cash from Financing Activities | $-924.0M | $-1.16B | $-1.43B | $-1.32B | $-1.77B | $-738.0M | $-938.0M | $-2.62B |
| Net Change in Cash | $116.0M | $83.0M | $77.0M | $-124.0M | $-253.0M | $256.0M | $294.0M | $-1.19B |
| Free Cash Flow | $1.64B | $1.43B | $1.32B | $1.15B | $1.48B | $1.15B | $1.12B | $942.0M |