For the quarter ending 2025-09-30, YUMC had $56M increase in cash & cash equivalents over the period. $351M in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income - including noncontrolling interests | 305 | 546 |
| Depreciation and amortization | 114 | 219 |
| Non-cash operating lease cost | 100 | 199 |
| Closures and impairment expenses | 4 | 18 |
| Investment loss (gain) | -10 | -15 |
| Equity in net (earnings) losses from equity method investments | 6 | 6 |
| Distributions of income received from equity method investments | 0 | 9 |
| Deferred income taxes | -7 | -3 |
| Share-based compensation expense | 10 | 22 |
| Changes in accounts receivable | -8 | 13 |
| Changes in inventories | 27 | -52 |
| Changes in prepaid expenses, other current assets and value-added tax assets | 11 | 8 |
| Changes in accounts payable and other current liabilities | 44 | -53 |
| Changes in income taxes payable | 37 | 24 |
| Changes in non-current operating lease liabilities | -101 | -200 |
| Other, net | -3 | 43 |
| Net cash provided by operating activities | 477 | 864 |
| Capital spending | 126 | 259 |
| Purchases of short-term investments, long-term bank deposits and notes | 2,238 | 3,924 |
| Maturities of short-term investments, long-term bank deposits and notes | 2,340 | 3,905 |
| Acquisition of equity investment | 0 | 14 |
| Other, net | - | -2 |
| Net cash used in investing activities | -26 | -290 |
| Proceeds from short-term borrowings | 29 | - |
| Repayment of short-term borrowings | 0 | 129 |
| Repurchase of shares of common stock | 324 | 368 |
| Cash dividends paid on common stock | 88 | 180 |
| Dividends paid to noncontrolling interests | 6 | 25 |
| Acquisition of noncontrolling interests | -8 | - |
| Other, net | -1 | -7 |
| Net cash used in financing activities | -398 | -709 |
| Effect of exchange rates on cash, cash equivalents and restricted cash | 3 | 4 |
| Net (decrease) increase in cash, cash equivalents and restricted cash | 56 | -131 |
| Cash and cash equivalents at beginning of period | 723 | - |
| Cash and cash equivalents at end of period | 648 | - |
Yum China Holdings, Inc. (YUMC)
Yum China Holdings, Inc. (YUMC)