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Yum! Brands (YUM)
The export includes the complete available history of financial statements and ratios. Numbers are provided in full, without million or billion abbreviations, in their original reporting units.
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Yum! Brands Balance Sheet 2025-2006 | YUM
Brief overview of Yum! Brands's assets and capital
The comparison uses five available annual reports from the 2020–2025 interval.
Over the period, assets gained +40.1%, moving from $5.9 billion to $8.2 billion. CAGR near 7% shows consistent growth.
Liabilities grew more slowly than assets: +12.9% versus +40.1%. Expansion relied more on equity, improving funding quality.
The period ended with negative equity, a structure associated with elevated financial vulnerability.
Cash represents 8.6% of assets versus 12.5% initially, showing how the immediate liquidity reserve changed.
The balance sheet carries negative retained earnings of -$7 billion. The figure may result from accumulated losses or an active capital return policy.
Balance sheet takeaway
Yum! Brands's financial structure is not clear-cut. Asset scale alone does not resolve questions about how those assets are funded.
Annual Balance Sheet Yum! Brands
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
11.2 B | 10.8 B | 10.6 B | 11.1 B | 10.7 B | 10 B | 9.88 B | 9.78 B | 8.28 B | 8.42 B | 3.62 B | 2.77 B | 2.42 B | 2.17 B | 2.12 B | 2.13 B | 2.87 B | 3.35 B | - | - |
Long Term Debt |
11.9 B | 11.3 B | 11.1 B | 11.5 B | 11.2 B | 10.3 B | 10.1 B | 9.75 B | 9.43 B | 9.06 B | 3.01 B | 3.08 B | 2.92 B | 2.93 B | 3 B | 2.88 B | 3.17 B | 3.56 B | - | - |
Long Term Debt Current |
- | 91 M | - | - | - | 463 M | 441 M | 331 M | 386 M | 65 M | 313 M | - | - | - | - | 673 M | 56 M | - | - | - |
Total Non Current Liabilities |
- | - | - | - | - | 10.3 B | 11.7 B | 10.8 B | 10.1 B | 9.76 B | 4.06 B | 4.39 B | 4.26 B | 4.67 B | 4.47 B | - | - | - | - | - |
Total Current Liabilities |
1.52 B | 1.27 B | 1.28 B | 1.66 B | 1.42 B | 1.68 B | 1.54 B | 1.3 B | 1.51 B | 1.37 B | 3.09 B | 2.41 B | 2.26 B | 2.19 B | 2.45 B | 2.45 B | 1.65 B | 1.72 B | - | - |
Total Liabilities |
15.5 B | 14.4 B | 14.1 B | 14.7 B | 14.3 B | 13.7 B | 13.2 B | 12.1 B | 11.6 B | 11.1 B | 7.15 B | 6.8 B | 6.53 B | 6.86 B | 6.92 B | 6.65 B | 6.03 B | 6.62 B | - | - |
Deferred Revenue |
- | - | - | - | - | 553 M | - | - | - | - | 676 M | 93 M | 123 M | 111 M | - | - | - | - | - | - |
Retained Earnings |
-7.01 B | -7.26 B | -7.62 B | -8.51 B | -8.05 B | - | -7.63 B | -7.59 B | -6.06 B | -5.22 B | 1.15 B | 1.74 B | 2.1 B | 2.29 B | 2.05 B | 1.72 B | 996 M | 303 M | - | - |
Total Assets |
8.2 B | 6.73 B | 6.23 B | 5.85 B | 5.97 B | 5.85 B | 5.23 B | 4.13 B | 5.31 B | 5.48 B | 8.06 B | 8.34 B | 8.7 B | 9.01 B | 8.83 B | 8.32 B | 7.15 B | 6.53 B | - | - |
Cash and Cash Equivalents |
709 M | 616 M | 512 M | 367 M | 486 M | 730 M | 605 M | 292 M | 1.6 B | - | 737 M | 578 M | 573 M | 776 M | 1.2 B | 1.43 B | 353 M | 216 M | 789 M | 319 M |
Book Value |
-7.32 B | -7.65 B | -7.86 B | -8.88 B | -8.37 B | -7.89 B | -8.02 B | -7.93 B | -6.33 B | -5.66 B | 911 M | 1.55 B | 2.17 B | 2.15 B | 1.92 B | 1.67 B | 1.11 B | -94 M | - | - |
Total Shareholders Equity |
-7.32 B | -7.65 B | -7.86 B | -8.88 B | -8.37 B | -7.89 B | -8.02 B | -7.93 B | -6.33 B | -5.66 B | 911 M | 1.55 B | 2.17 B | 2.15 B | 1.82 B | 1.58 B | 1.02 B | -108 M | 1.14 B | 1.45 B |
All numbers in USD currency
Quarterly Balance Sheet Yum! Brands
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q4 | 2010-Q3 | 2010-Q2 | 2010-Q1 | 2009-Q4 | 2009-Q3 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
1.17 B | 1.17 B | 11.3 B | 862 M | 862 M | 862 M | 11.1 B | 11.2 B | 11.1 B | 11.1 B | 11.5 B | 11.2 B | 11.2 B | - | 11.5 B | 11.5 B | 11.5 B | 11.3 B | 11.2 B | 11.2 B | 10.3 B | 10.2 B | 10.3 B | 10.3 B | 10.3 B | 10.3 B | 10.1 B | 10.1 B | 10.1 B | 10.1 B | 9.75 B | 9.75 B | 9.75 B | 9.75 B | 9.43 B | 9.43 B | 9.43 B | 9.43 B | 9.06 B | 9.06 B | 2.2 B | 4.7 B | 3.8 B | 3.1 B | 3.2 B | 3.2 B | 3.2 B | 2.8 B | 2.8 B | 2.8 B | 2.8 B | 2.8 B | 2.8 B | 2.8 B | 2.8 B | 2.8 B | 3 B | 3 B | 3 B | 3 B | 3 B | 3 B | 3.21 B | 3.21 B | 3.21 B | 3.21 B | 3.56 B | 3.56 B |
Total Liabilities |
15.5 B | 15.5 B | 14.4 B | 14.4 B | 14.4 B | 14.4 B | 14.1 B | 14.1 B | 14 B | 14 B | 14.7 B | 14.3 B | 14.3 B | - | 14.7 B | 14.3 B | 14.4 B | 14.3 B | 14.3 B | 14.3 B | 13.5 B | 13.5 B | 13.7 B | 13.7 B | 13.7 B | 13.7 B | 13.2 B | 13.2 B | 13.2 B | 13.2 B | 12.1 B | 12.1 B | 12.1 B | 12.1 B | 11.6 B | 11.6 B | 11.6 B | 11.6 B | 11.1 B | 11.1 B | 11.1 B | 11.1 B | 7.09 B | 7.09 B | 7.09 B | 7.09 B | 6.72 B | 6.73 B | 6.73 B | 6.73 B | 6.43 B | 6.43 B | 6.43 B | 6.43 B | 6.7 B | 6.7 B | 6.7 B | 6.7 B | 6.92 B | 6.92 B | 6.92 B | 6.92 B | 6.03 B | 6.03 B | 6.03 B | 6.03 B | 6.62 B | 6.62 B |
Retained Earnings |
-7.01 B | -7.01 B | -7.26 B | -7.26 B | -7.26 B | -7.26 B | -7.62 B | -7.39 B | -7.32 B | -7.49 B | -8.51 B | -7.91 B | -8.16 B | - | -8.51 B | -8.24 B | -8.27 B | -8.2 B | -8.05 B | -7.52 B | -7.57 B | -7.57 B | -7.48 B | -7.48 B | -7.48 B | -7.48 B | -7.63 B | -7.63 B | -7.63 B | -7.63 B | -7.59 B | -7.59 B | -7.59 B | -7.59 B | -6.06 B | -5.82 B | -6.06 B | -6.06 B | -5.16 B | -1.57 B | -5.16 B | -5.16 B | 1.15 B | 2.08 B | 1.15 B | 1.15 B | 1.74 B | 1.74 B | 1.74 B | 1.74 B | 2.1 B | 2.1 B | 2.1 B | 2.1 B | 2.29 B | 2.29 B | 2.29 B | 2.29 B | 2.05 B | 2.05 B | 2.05 B | 2.05 B | 996 M | 996 M | 996 M | 996 M | 303 M | 303 M |
Total Assets |
8.2 B | 8.2 B | 6.73 B | 6.73 B | 6.73 B | 6.73 B | 6.23 B | 6.46 B | 6.4 B | 6.22 B | 5.85 B | 6.07 B | 5.85 B | - | 5.85 B | 5.78 B | 5.79 B | 5.82 B | 5.97 B | 6.42 B | 5.65 B | 5.55 B | 5.85 B | 5.85 B | 5.85 B | 5.85 B | 5.23 B | 5.23 B | 5.23 B | 5.23 B | 4.13 B | 4.13 B | 4.13 B | 4.13 B | 5.31 B | 5.31 B | 5.31 B | 5.31 B | 5.45 B | 5.45 B | 5.45 B | 5.45 B | 8.06 B | 8.06 B | 8.06 B | 8.06 B | 8.33 B | 8.34 B | 8.34 B | 8.34 B | 8.7 B | 8.7 B | 8.7 B | 8.7 B | 9.01 B | 9.01 B | 9.01 B | 9.01 B | 8.83 B | 8.83 B | 8.83 B | 8.83 B | 6.53 B | 7.15 B | 7.15 B | 7.15 B | 6.53 B | 6.53 B |
Cash and Cash Equivalents |
807 M | 807 M | 647 M | 724 M | 724 M | 724 M | 771 M | 627 M | 623 M | 652 M | 1.02 B | 875 M | 659 M | 609 M | 367 M | 663 M | 628 M | 365 M | 486 M | 1.31 B | 834 M | 561 M | 1.02 B | 730 M | 730 M | 730 M | 605 M | 605 M | 605 M | 605 M | 292 M | 292 M | 292 M | 292 M | 1.52 B | 1.52 B | 1.52 B | 1.52 B | 725 M | 2.88 B | 725 M | 725 M | 737 M | 861 M | 737 M | 737 M | 578 M | 578 M | 578 M | 578 M | 573 M | 573 M | 573 M | 573 M | 776 M | 776 M | 776 M | 776 M | 1.2 B | 1.2 B | 1.2 B | 1.2 B | 789 M | 216 M | 216 M | 216 M | 319 M | 789 M |
Book Value |
-7.32 B | -7.32 B | -7.65 B | -7.65 B | -7.65 B | -7.65 B | -7.86 B | -7.67 B | -7.63 B | -7.76 B | -8.88 B | -8.19 B | -8.44 B | - | -8.88 B | -8.54 B | -8.57 B | -8.49 B | -8.37 B | -7.86 B | -7.89 B | -7.91 B | -7.89 B | -7.89 B | -7.89 B | -7.89 B | -8.02 B | -8.02 B | -8.02 B | -8.02 B | -7.93 B | -7.93 B | -7.93 B | -7.93 B | -6.33 B | -6.33 B | -6.33 B | -6.33 B | -5.62 B | -5.61 B | -5.61 B | -5.61 B | 975 M | 975 M | 975 M | 975 M | 1.61 B | 1.61 B | 1.61 B | 1.61 B | 2.27 B | 2.27 B | 2.27 B | 2.27 B | 2.31 B | 2.31 B | 2.31 B | 2.31 B | 1.92 B | 1.92 B | 1.92 B | 1.92 B | 493 M | 1.11 B | 1.11 B | 1.11 B | -94 M | -94 M |
Total Shareholders Equity |
-7.65 B | -7.65 B | -8.88 B | -7.86 B | -7.86 B | -7.86 B | -8.37 B | -7.67 B | -7.63 B | -7.76 B | -7.89 B | -8.19 B | -8.44 B | -8.77 B | -8.88 B | -8.54 B | -8.57 B | -8.49 B | -8.37 B | -7.86 B | -7.89 B | -7.91 B | -7.89 B | -7.89 B | -7.89 B | -7.89 B | -8.02 B | -8.02 B | -8.02 B | -8.02 B | -7.93 B | -7.93 B | -7.93 B | -7.93 B | -6.33 B | -6.12 B | -6.33 B | -6.33 B | -5.61 B | -1.9 B | -5.61 B | -5.61 B | 911 M | 1.82 B | 911 M | 911 M | 1.55 B | 1.55 B | 1.55 B | 1.55 B | 2.17 B | 2.17 B | 2.17 B | 2.17 B | 2.15 B | 2.15 B | 2.15 B | 2.15 B | 1.82 B | 1.82 B | 1.82 B | 1.82 B | 1.14 B | 1.11 B | 1.11 B | 1.11 B | 1.45 B | -94 M |
All numbers in USD currency
Balance Sheet is a fundamental financial report of Yum! Brands, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.