10-Q Filing

Yum China Holdings, Inc. CIK: 1673358 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001564590-19-018249`
Period End Date	20190331
Filing Date	20190510
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	yumc-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 37 Cash Flow Statement 65 Comprehensive Income 10

Balance Sheet 71 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	392.00M	shares	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.25B	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.27B	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.06B	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.32B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	394.00M	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$284.00M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	379.00M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	379.00M	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$122.00M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$77.00M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$80.00M	USD	Point-in-time
Inventories, net	`InventoryNet`	$280.00M	USD	Point-in-time
Inventories, net	`InventoryNet`	$307.00M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpensesAndOtherCurrentAssets`	$177.00M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpensesAndOtherCurrentAssets`	$179.00M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.95B	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.07B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.61B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.62B	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$2.02B	USD	Point-in-time
Goodwill	`Goodwill`	$273.00M	USD	Point-in-time
Goodwill	`Goodwill`	$266.00M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$111.00M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$116.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$89.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$104.00M	USD	Point-in-time
Investments in unconsolidated affiliates	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$81.00M	USD	Point-in-time
Investments in unconsolidated affiliates	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$44.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$527.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$491.00M	USD	Point-in-time
Total Assets	`Assets`	$6.76B	USD	Point-in-time
Total Assets	`Assets`	$4.61B	USD	Point-in-time
Total Assets	`Assets`	$4.61B	USD	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.51B	USD	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.20B	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$54.00M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$80.00M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.59B	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.25B	USD	Point-in-time
Non-current operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$1.87B	USD	Point-in-time
Non-current finance lease liabilities	`FinanceLeaseLiabilityNoncurrent`	$23.00M	USD	Point-in-time
Non-current finance lease liabilities	`FinanceLeaseLiabilityNoncurrent`	$25.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$355.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$220.00M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.70B	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.63B	USD	Point-in-time
Redeemable Noncontrolling Interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$1.00M	USD	Point-in-time
Redeemable Noncontrolling Interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$1.00M	USD	Point-in-time
Common stock, $0.01 par value; 1,000 million shares authorized; 394 million shares and 392 million shares issued at March 31, 2019 and December 31, 2018, respectively; 379 million shares and 379 million shares outstanding at March 31, 2019 and December 31, 2018, respectively	`CommonStockValueOutstanding`	$4.00M	USD	Point-in-time
Common stock, $0.01 par value; 1,000 million shares authorized; 394 million shares and 392 million shares issued at March 31, 2019 and December 31, 2018, respectively; 379 million shares and 379 million shares outstanding at March 31, 2019 and December 31, 2018, respectively	`CommonStockValueOutstanding`	$4.00M	USD	Point-in-time
Treasury stock	`TreasuryStockCommonValue`	$525.00M	USD	Point-in-time
Treasury stock	`TreasuryStockCommonValue`	$460.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.40B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.41B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$944.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.06B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-17.00M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$39.00M	USD	Point-in-time
Total Equity Yum China Holdings, Inc.	`StockholdersEquity`	$2.87B	USD	Point-in-time
Total Equity Yum China Holdings, Inc.	`StockholdersEquity`	$2.99B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$103.00M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$76.00M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.06B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.98B	USD	Point-in-time
Total Liabilities, Redeemable Noncontrolling Interest and Equity	`LiabilitiesAndStockholdersEquity`	$6.76B	USD	Point-in-time
Total Liabilities, Redeemable Noncontrolling Interest and Equity	`LiabilitiesAndStockholdersEquity`	$4.61B	USD	Point-in-time

Income Statement 37 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`Revenues`	$2.30B	USD	1 Quarter
Total revenues	`Revenues`	$2.22B	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$114.00M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$114.00M	USD	1 Quarter
Other operating costs and expenses	`OtherCostAndExpenseOperating`	$4.00M	USD	1 Quarter
Other operating costs and expenses	`OtherCostAndExpenseOperating`	$5.00M	USD	1 Quarter
Closures and impairment expenses (income), net	`ClosureAndImpairmentIncomeExpensesNet`	$-11.00M	USD	1 Quarter
Closures and impairment expenses (income), net	`ClosureAndImpairmentIncomeExpensesNet`	$1.00M	USD	1 Quarter
Other income, net	`OtherOperatingIncomeExpenseNet`	$19.00M	USD	1 Quarter
Other income, net	`OtherOperatingIncomeExpenseNet`	$126.00M	USD	1 Quarter
Total costs and expenses, net	`CostsAndExpenses`	$2.00B	USD	1 Quarter
Total costs and expenses, net	`CostsAndExpenses`	$1.83B	USD	1 Quarter
Operating Profit	`OperatingIncomeLoss`	$303.00M	USD	1 Quarter
Operating Profit	`OperatingIncomeLoss`	$395.00M	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$8.00M	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$9.00M	USD	1 Quarter
Investment gain	`GainLossOnInvestments`	$10.00M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$322.00M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$403.00M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$107.00M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$93.00M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$296.00M	USD	1 Quarter
Net income including noncontrolling interests	`ProfitLoss`	$229.00M	USD	1 Quarter
Net income noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$7.00M	USD	1 Quarter
Net income noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$8.00M	USD	1 Quarter
Net Income Yum China Holdings, Inc.	`NetIncomeLoss`	$222.00M	USD	1 Quarter
Net Income Yum China Holdings, Inc.	`NetIncomeLoss`	$288.00M	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	379.00M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	386.00M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	388.00M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	401.00M	shares	1 Quarter
Basic Earnings Per Common Share	`EarningsPerShareBasic`	$0.59	USD	1 Quarter
Basic Earnings Per Common Share	`EarningsPerShareBasic`	$0.75	USD	1 Quarter
Diluted Earnings Per Common Share	`EarningsPerShareDiluted`	$0.72	USD	1 Quarter
Diluted Earnings Per Common Share	`EarningsPerShareDiluted`	$0.57	USD	1 Quarter
Cash Dividends Declared Per Common Share	`CommonStockDividendsPerShareDeclared`	$0.12	USD	1 Quarter
Cash Dividends Declared Per Common Share	`CommonStockDividendsPerShareDeclared`	$0.10	USD	1 Quarter

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net income - including noncontrolling interests	`ProfitLoss`	$296.00M	USD	1 Quarter
Net income - including noncontrolling interests	`ProfitLoss`	$229.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$118.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$111.00M	USD	1 Quarter
Amortization of operating lease right-of-use assets	`AmortizationOfOperatingLeaseRightOfUseAssets`	$83.00M	USD	1 Quarter
Closures and impairment expenses (income)	`ClosuresAndImpairmentExpenses`	$-1.00M	USD	1 Quarter
Closures and impairment expenses (income)	`ClosuresAndImpairmentExpenses`	$11.00M	USD	1 Quarter
Gain from re-measurement of equity interest upon acquisition	`BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain`	$98.00M	USD	1 Quarter
Investment gain	`GainLossOnInvestments`	$10.00M	USD	1 Quarter
Equity income from investments in unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$23.00M	USD	1 Quarter
Equity income from investments in unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$23.00M	USD	1 Quarter
Distributions of income received from unconsolidated affiliates	`EquityMethodInvestmentDividendsOrDistributions`	$36.00M	USD	1 Quarter
Distributions of income received from unconsolidated affiliates	`EquityMethodInvestmentDividendsOrDistributions`	$28.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$23.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$6.00M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$6.00M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$6.00M	USD	1 Quarter
Changes in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-5.00M	USD	1 Quarter
Changes in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-11.00M	USD	1 Quarter
Changes in inventories	`IncreaseDecreaseInInventories`	$-34.00M	USD	1 Quarter
Changes in inventories	`IncreaseDecreaseInInventories`	$-48.00M	USD	1 Quarter
Changes in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$7.00M	USD	1 Quarter
Changes in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.00M	USD	1 Quarter
Changes in accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$85.00M	USD	1 Quarter
Changes in accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-39.00M	USD	1 Quarter
Changes in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$63.00M	USD	1 Quarter
Changes in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$24.00M	USD	1 Quarter
Changes in non-current operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilitiesNonCurrent`	$-103.00M	USD	1 Quarter
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$-15.00M	USD	1 Quarter
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$-6.00M	USD	1 Quarter
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$551.00M	USD	1 Quarter
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$344.00M	USD	1 Quarter
Capital spending	`PaymentsToAcquirePropertyPlantAndEquipment`	$111.00M	USD	1 Quarter
Capital spending	`PaymentsToAcquirePropertyPlantAndEquipment`	$110.00M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$160.00M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$235.00M	USD	1 Quarter
Maturities of short-term investments	`ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments`	$93.00M	USD	1 Quarter
Maturities of short-term investments	`ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments`	$76.00M	USD	1 Quarter
Acquisition of business, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$88.00M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$1.00M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-2.00M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-267.00M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-267.00M	USD	1 Quarter
Repayment of short-term borrowings assumed from acquisition	`RepaymentsOfShortTermDebt`	$10.00M	USD	1 Quarter
Repurchase of shares of common stock	`PaymentsForRepurchaseOfCommonStock`	$68.00M	USD	1 Quarter
Cash dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$39.00M	USD	1 Quarter
Cash dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$46.00M	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.00M	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$1.00M	USD	1 Quarter
Net Cash Used in Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-51.00M	USD	1 Quarter
Net Cash Used in Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-113.00M	USD	1 Quarter
Effect of Exchange Rates on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$17.00M	USD	1 Quarter
Effect of Exchange Rates on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$26.00M	USD	1 Quarter
Net (Decrease) Increase in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$259.00M	USD	1 Quarter
Net (Decrease) Increase in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-19.00M	USD	1 Quarter
Cash and Cash Equivalents - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.25B	USD	Point-in-time
Cash and Cash Equivalents - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.27B	USD	Point-in-time
Cash and Cash Equivalents - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.06B	USD	Point-in-time
Cash and Cash Equivalents - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.32B	USD	Point-in-time
Cash and Cash Equivalents - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.25B	USD	Point-in-time
Cash and Cash Equivalents - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.27B	USD	Point-in-time
Cash and Cash Equivalents - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.06B	USD	Point-in-time
Cash and Cash Equivalents - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.32B	USD	Point-in-time
Cash paid for income tax	`IncomeTaxesPaidNet`	$20.00M	USD	1 Quarter
Cash paid for income tax	`IncomeTaxesPaidNet`	$53.00M	USD	1 Quarter

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net income - including noncontrolling interests	`ProfitLoss`	$296.00M	USD	1 Quarter
Net income - including noncontrolling interests	`ProfitLoss`	$229.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$90.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$59.00M	USD	1 Quarter
Comprehensive income - including noncontrolling interests	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$288.00M	USD	1 Quarter
Comprehensive income - including noncontrolling interests	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$386.00M	USD	1 Quarter
Comprehensive income - noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$11.00M	USD	1 Quarter
Comprehensive income - noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$10.00M	USD	1 Quarter
Comprehensive Income - Yum China Holdings, Inc.	`ComprehensiveIncomeNetOfTax`	$278.00M	USD	1 Quarter
Comprehensive Income - Yum China Holdings, Inc.	`ComprehensiveIncomeNetOfTax`	$375.00M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.