Yum China Holdings (YUMC) Contract Liabilities — Quarterly & Annual

Screener

Contract Liabilities at other companies

Papa John's InternationalPZZA

$17.49M-11.1%

Restaurant Brands InternationalQSR

$496M-3.5%

Segments

By product

Prepaid Stored Value Products$148M+24.4%

Upfront Franchise Fees$56M+30.2%

Privilege Membership Programs$40M+17.6%

Customer Loyalty Programs$17M+30.8%

Other financials

Income statement

Revenue$3.3B+9.7%

Operating income$447.0M+12.0%

Net income$309.0M+5.8%

EPS (diluted)$0.87+13.0%

Balance sheet

Cash & equivalents$473.0M-42.7%

Total debt$2.3B-2.3%

Total equity$5.4B-6.1%

Total assets$10.8B-1.5%

Cash flow

Operating cash flow$550.0M+21.7%

CapEx$144.0M+5.1%

Free cash flow$406.0M+28.9%

Valuation

Market cap$16.27B-1.5%

Enterprise value$18.11B-0.3%

P/E17.2×-0.8×

P/S1.4×-0.1×

Profitability

Gross margin24.4%—

Operating margin11.1%+0.6pp

Net margin7.8%-0.3pp

FCF margin8.3%+1.8pp

Returns & leverage

Return on equity16.9%+1.1pp

Debt / equity0.4×0.0×

Current ratio1×-0.2×

FAQ

What does contract liabilities mean?: Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.