YUMC Q1 2016 Earnings Report — Yum China Holdings, Inc. Revenue & Financial Results | Market Cap Arena

Yum China Holdings, Inc.YUMC

Q1 2016 Earnings

Reported February 28, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2016	Q4 2015	Q1 2015	QoQ Change	YoY Change
Revenue	$1.3B	$2.0B	—	-36.4%	—
Op. Income	$194M	$47M	—	312.8%	—
Gross Margin	19.7%	8.7%	—	11.0pp	—
Net Margin	11.1%	-1.4%	—	12.5pp	—
EPS (Diluted)	$0.40	$-0.08	—	601.9%	—
Free Cash Flow	$293M	-$160M	—	283.1%	—

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$1.0B
GROSS PROFIT	$257M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$66M
SG&A Expenses	$66M
Other Expenses	$0
Operating Expenses	$48M
Cost & Expenses	$1.1B
OPERATING INCOME	$194M
Interest Income	$2M
Interest Expense	$0
Other Income/Expenses	$2M
INCOME BEFORE TAX	$211M
Income Tax Expense	$62M
Net Income from Continuing Ops	$149M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$145M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$145M
D&A	$68M
EBIT	$194M
EBITDA	$262M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$1.0B
GROSS PROFIT	$257M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$66M
SG&A Expenses	$66M
Other Expenses	$0
Operating Expenses	$48M
Cost & Expenses	$1.1B
OPERATING INCOME	$194M
Interest Income	$2M
Interest Expense	$0
Other Income/Expenses	$2M
INCOME BEFORE TAX	$211M
Income Tax Expense	$62M
Net Income from Continuing Ops	$149M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$145M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$145M
D&A	$68M
EBIT	$194M
EBITDA	$262M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$145M
Depreciation & Amortization	$68M
Stock-Based Compensation	$3M
Deferred Income Tax	$0
Other Non-Cash Items	$135M
Change in Working Capital	$22M
OPERATING CASH FLOW	$373M
Capital Expenditure	-$80M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$48M
NET CASH FROM INVESTING	-$128M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$7M
NET CASH FROM FINANCING	$7M
FREE CASH FLOW	$293M
Net Change in Cash	$247M

Balance Sheet

Item	Amount
Cash & Equivalents	$672M
Short-Term Investments	$0
Net Receivables	$117M
Inventory	$170M
Other Current Assets	$17M
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$1.8B
Goodwill	$84M
Intangible Assets	$103M
Long-Term Investments	$36M
Tax Assets	$132M
Other Non-Current Assets	$187M
TOTAL NON-CURRENT ASSETS	$2.3B
TOTAL ASSETS	$3.4B
Account Payables	$515M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$339M
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$235M
TOTAL NON-CURRENT LIABILITIES	$267M
TOTAL LIABILITIES	$1.3B
Common Stock	$1.9B
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$108M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.1B
Minority Interest	$61M
TOTAL EQUITY	$2.1B
TOTAL LIABILITIES & EQUITY	$3.4B
Total Debt	$32M
Net Debt	-$640M