YUM! BRANDS, INC. (YUM) FY2026 Q1 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-01-01 to 2026-03-31

Swipe to see the full flow
YUM! BRANDS, INC. cash flow reconciliation, Jan 1, 2026 through Mar 31, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net Income → Net cash from operating activities: $416,000,000.00Net Income → Operating adjustments reconciliation: $16,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $60,000,000.00Changes in accounts and notes receivable → Operating adjustments reconciliation: $28,000,000.00Share-based compensation expense → Operating adjustments reconciliation: $24,000,000.00Deferred income taxes → Operating adjustments reconciliation: $13,000,000.00Operating adjustments reconciliation → Changes in accounts payable and other current liabilities: $75,000,000.00Operating adjustments reconciliation → Changes in prepaid expenses and other current assets: $24,000,000.00Operating adjustments reconciliation → Other, net: $22,000,000.00Operating adjustments reconciliation → Changes in income taxes payable: $19,000,000.00Operating adjustments reconciliation → Refranchising (gain) loss: $1,000,000.00Net cash used in investing activities → investing reconciliation: $80,000,000.00investing reconciliation → Capital spending: $75,000,000.00investing reconciliation → Payments to Acquire Long-Term Investments - Other: $5,000,000.00Revolving credit facilities, three months or less, net → financing reconciliation: $50,000,000.00financing reconciliation → Dividends paid on Common Stock: $207,000,000.00financing reconciliation → Repurchase shares of Common Stock: $185,000,000.00financing reconciliation → Other, net: $25,000,000.00financing reconciliation → Repayments of long-term debt: $8,000,000.00Net cash used in financing activities → financing reconciliation: $375,000,000.00Exchange-rate effect → Cash sources and uses: $5,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $923,000,000.00Net cash from operating activities → Cash sources and uses: $416,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $889,000,000.00Cash sources and uses → Net cash used in investing activities: $80,000,000.00Cash sources and uses → Net cash used in financing activities: $375,000,000.00Net Income: $432,000,000.00Net Income+$432.00 MDepreciation and amortization: $60,000,000.00Depreciation & amortization+$60.00 MRefranchising (gain) loss: -$1,000,000.00Asset disposal gain & loss−$1.00 MInvestment (income) expense, net: $0.00Deferred income taxes: $13,000,000.00Deferred income taxes+$13.00 MShare-based compensation expense: $24,000,000.00Stock-based compensation+$24.00 MChanges in accounts and notes receivable: $28,000,000.00Accounts & notes receivable+$28.00 MChanges in prepaid expenses and other current assets: -$24,000,000.00Prepaid & other assets−$24.00 MChanges in accounts payable and other current liabilities: -$75,000,000.00Payables & accrued liabilities−$75.00 MChanges in income taxes payable: -$19,000,000.00Income taxes payable−$19.00 MOther, net: -$22,000,000.00Other operating, net−$22.00 MNet cash from operating activities: $416,000,000.00Operating cash+$416.00 MOperating adjustments reconciliation: $141,000,000.00Repayments of long-term debt: -$8,000,000.00Long-term debt repaid−$8.00 MRevolving credit facilities, three months or less, net: $50,000,000.00Revolving credit facilities, three months or less, net+$50.00 MRepurchase shares of Common Stock: -$185,000,000.00Common stock repurchases−$185.00 MDividends paid on Common Stock: -$207,000,000.00Common dividends paid−$207.00 MOther, net: -$25,000,000.00Other financing, net−$25.00 MNet cash used in financing activities: -$375,000,000.00. Cash required to fund net payments.Financing cash−$375.00 Mfinancing reconciliation: $425,000,000.00Capital spending: -$75,000,000.00PP&E purchases−$75.00 MPayments to Acquire Long-Term Investments - Other: -$5,000,000.00Long-term investment purchases−$5.00 MProceeds from Sale of Productive Assets: $0.00Payments to Acquire Short-Term Investments: $0.00Other, net: $0.00Net cash used in investing activities: -$80,000,000.00. Cash required to fund net payments.Investing cash−$80.00 Minvesting reconciliation: $80,000,000.00Cash sources and uses: $1,344,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $923,000,000.00Beginning cash$923.00 MEnding cash: Cash, cash equivalents, and restricted cash: $889,000,000.00Ending cash$889.00 MExchange-rate effect: $5,000,000.00FX effect+$5.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$341.00 MOperating cash − cash spent on PP&ECash flow / Net income0.96×Operating cash flow ÷ net incomeNet cash change−$34.00 MEnding cash − beginning cash
Chart details

YUM! BRANDS, INC. cash flow reconciliation, Jan 1, 2026 through Mar 31, 2026

Cash flows for Jan 1, 2026 through Mar 31, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. Ending cash: Mar 31, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2025
923,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
416,000,000 US dollars. Net cash provided.
Net Income
432,000,000 US dollars
Depreciation and amortization
60,000,000 US dollars
Refranchising (gain) loss
negative 1,000,000 US dollars
Investment (income) expense, net
0 US dollars
Deferred income taxes
13,000,000 US dollars
Share-based compensation expense
24,000,000 US dollars
Changes in accounts and notes receivable
28,000,000 US dollars
Changes in prepaid expenses and other current assets
negative 24,000,000 US dollars
Changes in accounts payable and other current liabilities
negative 75,000,000 US dollars
Changes in income taxes payable
negative 19,000,000 US dollars
Other, net
negative 22,000,000 US dollars
Investing activities
negative 80,000,000 US dollars. Net cash used.
Capital spending
negative 75,000,000 US dollars
Payments to Acquire Long-Term Investments - Other
negative 5,000,000 US dollars
Proceeds from Sale of Productive Assets
0 US dollars
Payments to Acquire Short-Term Investments
0 US dollars
Other, net
0 US dollars
Financing activities
negative 375,000,000 US dollars. Net cash used.
Repayments of long-term debt
negative 8,000,000 US dollars
Revolving credit facilities, three months or less, net
50,000,000 US dollars
Repurchase shares of Common Stock
negative 185,000,000 US dollars
Dividends paid on Common Stock
negative 207,000,000 US dollars
Other, net
negative 25,000,000 US dollars
Operating adjustment reconciliation
141,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
425,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
80,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
5,000,000 US dollars
Ending cash on Mar 31, 2026
889,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
1,344,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 34,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
0.96×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
416,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
75,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
341,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income exceeds operating cash. The diagram allocates $416.00M of net income directly to operating cash and $16.00M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 416,000,000 US dollars minus 75,000,000 US dollars equals 341,000,000 US dollars.
YUM! BRANDS, INC. (YUM) FY2026 Q1 Statement of Cash Flows Sankey chart
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

Newsletter

Get the teardowns by email

Subscribe if you want the public-company teardowns in your inbox when they're released.

Product waitlist

Health Check and Teardown for your own company

A health check uncovers insights of your private books, not a public ticker. Join this list to get notified as soon as we go-live!