1、YUM!BRANDS 2021 ANNUAL REPORTUnlocking Opportunity for ABOUT THE PAPER USED FOR THIS REPORT The inks used in the printing of this report contain an average of 25%-35%vegetable oils from plant derivatives,a renewable resource.They replace petroleum based inks as an effort to also reduce volatile orga

2、nic compounds(VOCs).The cover and first page of this report were printed using FSC-certified paper made with 10%post-consumer HIGHLIGHTS (In millions,except for per share amounts)Year-end 2021 2020%B/(W)change Company sales$2,106$1,810 16Franchise and property revenues 2,900 2,510 16Franchise contri

3、butions for advertising and other services 1,578 1,332 18Total revenues$6,584$5,652 16Operating Profit$2,139$1,503 42Net Income$1,575$904 74Reported Diluted Earnings Per Common Share$5.21$2.94 77Special Items Diluted Earnings Per Common Share(a).75 (0.68)NMDiluted Earnings Per Common Share before Sp

4、ecial Items(a)$4.46$3.62 23Net Cash Provided by Operating Activities$1,706$1,305 31(a)See our 2021 Form 10-K for further discussion of Special Items.At Yum!,we have a clear vision for building the worlds most loved,trusted and fastest growing restaurant brands.It begins with our franchisees and rest

5、aurant team members who bring our vision to life,one meal at a time.As the worlds largest restaurant company,our unified global system of more than 53,000 restaurants in over 155 countries serves millions of customers each day,provides opportunities for our team members and supports the communities

6、in which we operate.Before looking back at last years accomplishments,I want to acknowledge that while we see a bright future ahead for our global business in 2022 and beyond,our hearts are with the people impacted by the crisis currently playing out in Ukraine.We hope for peace to be restored in th