For the year ending 2025-12-31, YUMC had -$217M decrease in cash & cash equivalents over the period. $840M in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net income - including noncontrolling interests | 1,004 |
| Depreciation and amortization | 448 |
| Non-cash operating lease cost | 401 |
| Closures and impairment expenses | 37 |
| Investment loss (gain) | -24 |
| Equity in net (earnings) losses from equity method investments | 15 |
| Distributions of income received from equity method investments | 16 |
| Deferred income taxes | -14 |
| Share-based compensation expense | 42 |
| Changes in accounts receivable | 11 |
| Changes in inventories | 14 |
| Changes in prepaid expenses, other current assets and value-added tax assets | 51 |
| Changes in accounts payable and other current liabilities | -33 |
| Changes in income taxes payable | 9 |
| Changes in non-current operating lease liabilities | -411 |
| Other, net | 34 |
| Net cash provided by operating activities | 1,466 |
| Capital spending | 626 |
| Purchases of short-term investments, long-term bank deposits and notes | 7,583 |
| Maturities of short-term investments, long-term bank deposits and notes | 8,216 |
| Acquisitions of equity investments | 14 |
| Other, net | -2 |
| Net cash used in investing activities | -5 |
| Proceeds from short-term borrowings | 29 |
| Repayment of short-term borrowings | 129 |
| Repurchase of shares of common stock | 1,144 |
| Cash dividends paid on common stock | 353 |
| Dividends paid to noncontrolling interests | 75 |
| Acquisitions of noncontrolling interests | 8 |
| Contributions from noncontrolling interests | 0 |
| Payment of acquisition related holdback | 0 |
| Other, net | -9 |
| Net cash used in financing activities | -1,689 |
| Effect of exchange rates on cash, cash equivalents and restricted cash | 11 |
| Net decrease in cash, cash equivalents and restricted cash | -217 |
| Cash, cash equivalents and restricted cash - beginning of year | 723 |
| Cash, cash equivalents and restricted cash - end of year | 506 |
Yum China Holdings, Inc. (YUMC)
Yum China Holdings, Inc. (YUMC)