Below are the financial statements of Yum China Holdings, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenues | — | — | — |
| Company sales | 10,651a | 10,391a | 9,110a |
| Franchise fees and income | 94a | 89a | 81a |
| Revenues from transactions with franchisees | 420a | 372a | 287a |
| Other revenues | 138a | 126a | 91a |
| Total revenues | 11,303a | 10,978a | 9,569a |
| Costs and expenses, net | — | — | — |
| Company restaurants | — | — | — |
| Food and paper | -3,387a | -3,224a | -2,836a |
| Payroll and employee benefits | -2,787a | -2,725a | -2,389a |
| Occupancy and other operating expenses | -2,798a | -2,752a | -2,604a |
| Company restaurant expenses | -8,972a | -8,701a | -7,829a |
| General and administrative expenses | -568a | -638a | -594a |
| Franchise expenses | -37a | -36a | -34a |
| Expenses for transactions with franchisees | -404a | -356a | -279a |
| Other operating costs and expenses | -122a | -112a | -78a |
| Closures and impairment expenses, net | -39a | -29a | -32a |
| Other (income) expenses, net | -1a | 0a | 94a |
| Total costs and expenses, net | -10,141a | -9,872a | -8,940a |
| Operating profit | 1,162a | 1,106a | 629a |
| Interest income, net | 129a | 169a | 84a |
| Investment gain (loss) | 40a | -49a | -26a |
| Income before income taxes and equity in net earnings (losses) from equity method investments | 1,331a | 1,226a | 687a |
| Income tax provision | -356a | -329a | -207a |
| Equity in net earnings (losses) from equity method investments | 5a | 4a | -2a |
| Net income - including noncontrolling interests | 980a | 901a | 478a |
| Net income - noncontrolling interests | 69a | 74a | 36a |
| Net income - Yum China Holdings, Inc. | 911a | 827a | 442a |
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