INDUSTRY 1 (GM, F, TSLA)

INDUSTRY 2 (MCD, YUM, WEN)

1- For each business write an evaluation paragraph assessing the performance of the management (mention relevant specific median ratios).

2- Which business of Industry 1 has the best management? Which has the worst management?

3- Which business of Industry 2 has the best management? Which has the worst management?

4- Which of the two industries is more attractive to operate a business? Why?

GM_income-statement_Annual_As_Originally_Reported Gross Profit Total Revenue Cost of Revenue Operating Income/Expenses Total Operating Profit/Loss Interest Expense Net of Capitalized Interest Net Income Available to Common Stockholders Fiscal year ends in Dec 31 USD 2016 21,255,000,000 166,380,000,000 -145, 125,000,000 -11,710,000,000 9,545.000.000 -572,000,000 9,427,000,000 2017 19,591,000,000 145,588,000,000 -125,997,000,000 -9,575,000,000 10,016,000,000 -575,000,000 -3,880,000,000 2018 2019 14,095,000,000 13,972,000,000 147,049,000,000 137,237,000,000 -132,954,000,000 -123,265,000,000 -9,650,000,000 -8,491,000,000 4,445,000,000 5,481,000,000 -655,000,000 -782,000,000 7,916,000,000 6,581,000,000 2020 13,672,000,000 122,485,000,000 - 108,813,000,000 -7,038,000,000 6,634,000,000 - 1,098,000,000 6,247,000,000 TTM 21,036,000,000 139,639,000,000 -118,603,000,000 -7,686,000,000 13,350,000,000 -1,095.000.000 12,573,000,000 GM_balance-sheet_Annual_As_Originally_Reported Total Assets Total Current Assets Inventories Total Current Liabilities Total Equity Fiscal year ends in Dec 31 USD 2016 221,690,000,000 76,203,000,000 13,788,000,000 85,181,000,000 44,075,000,000 2017 212,482,000,000 68,744,000,000 10,663,000,000 76,890,000,000 36,200,000,000 2018 227,339,000,000 75,293,000,000 9,816,000,000 82,237,000,000 42,777,000,000 2019 228,037,000,000 74,992,000,000 10,398,000,000 84,905,000,000 45,957,000,000 2020 235,194,000,000 80,924,000,000 10,235,000,000 79,910,000,000 49,677,000,000 2016 2017 2018 2019 2020 MEDIAN 4.0% 21.4% 12.8% 5.7% -2.1% -10.7% 13.5% -2.7% -12.5% 68.5% 30.9 587.0% 89.4% 3.2% 18.5% 9.6% 5.4% 1.0% 64.7% 26.9 531.5% 91.6% 2.5% 14.3% 10.2% 4.8% -6.7% 60.2% 30.8 496.2% 88.3% 2.4% 12.6% 11.2% 5.1% -10.7% 52.1% 34.3 473.4% 101.3% 0.03 0.14 0.11 0.05 -0.09 0.65 30.89 5.03 0.89 RATIOS ROA= (NI+IE)/Assets ROE=NI/Equity Gross Margin= Gross Profit/ Revenue Net Profit Margin = NI/ Revenue Sales Growth = (Revenue- Previous Revenue)/Prevous Revenue Asset turnover= Sales Revenue/Assets Days Inventory=Inv/ (COGS/365) Leverage Ratio = Assets/ Equity Current Ratio = Current Assets/ Current Liabilities 75.1% 34.7 503.0% 89.5% 2016 2018 2019 2020 F_income-statement_Annual_As_Originally_Reported Gross Profit Total Revenue Cost of Revenue Operating Income/Expenses Total Operating Profit/Loss Interest Expense Net of Capitalized Interest Net Income Available to Common Stockholders Fiscal year ends in Dec 31 USD 2017 TTM 25,216,000,000 25,444,000,000 24,069,000,000 21,207,000,000 14,392,000,000 19,934,000,000 151,800,000,000 156,776,000,000 160,338,000,000 155,900,000,000 127,144,000,000 136,433,000,000 -126,584,000,000 -131,332,000,000 -136,269,000,000 -134,693,000,000 -112,752,000,000 -116,499,000,000 -12,196,000,000 -11,527,000,000 -11,403,000,000 -11,161,000,000 -10,193,000,000 11,516,000,000 13,020,000,000 13,917,000,000 12,666,000,000 10,046,000,000 4,199,000,000 8,418,000,000 -9,798,000,000 -10,237,000,000 -10,691,000,000 -10,521,000,000 -10,256,000,000 -7.968,000,000 4,596,000,000 7,602,000,000 3,677,000,000 47,000,000 - 1,279,000,000 3,420,000,000 F_balance sheet_Annual_As_Originally_Reported Total Assets Total Current Assets Inventories Total Current Liabilities Total Equity Fiscal year ends in Dec 31 | USD 2016 2017 237,951,000,000 257,808,000,000 108,461,000,000 115,902,000,000 8,898,000,000 10,277,000,000 90,281,000,000 94,600,000,000 29,187,000,000 34,918,000,000 2018 256,540,000,000 114,649,000,000 11,220,000,000 95,569,000,000 35,966,000,000 2019 2020 258,537,000,000 267,261,000,000 114,047,000,000 116,744,000,000 10,786,000,000 10,808,000,000 98,132,000,000 97,192,000,000 33,230,000,000 30,811,000,000 2016 2017 2018 2019 2020 MEDIAN 0.8% 1.4% 15.7% 16.6% 3.0% -0.2% 0.1% 13.6% 0.0% 1.4% 21.8% 16.2% 4.8% 3.3% 60.8% 29 738.3% 122.5% 10.2% 15.0% 2.3% 2.3% 62.5% 30 713.3% 120.0% -2.3% -4.2% 11.3% -1.0% -18.4% 47.6% 35 867.4% 120.1% RATIOS ROA= (NI+IE)Assets ROE=N/Equity Gross Margin= Gross Profit Revenue Net Profit Margin = NI/ Revenue Sales Growth = (Revenue- Previous RevenuePrevous Asset turnover= Sales Revenue/Assets Days Inventory=Inv/ (COGS/365) Leverage Ratio - Assets/ Equity Current Ratio = Current Assets/ Current Liabilities 0.01 0.10 0.15 0.02 0.00 0.61 29.23 7.78 1.20 -2.8% 60.3% 29 778.0% 116.2% 63.8% 26 815.3% 120.1% 2016 TSLA_income-statement_Annual_As_Originally_Reported Gross Profit Total Revenue Cost of Revenue Operating Income/Expenses Total Operating Profit/Loss Interest Expense Net of Capitalized Interest Net Income Available to Common Stockholders Fiscal year ends in Dec 31 USD 2017 2018 2019 2020 TTM 1,599,257,000 2,222,487,000 4,042,021,000 4,069,000,000 6,630,000,000 9,228,000,000 7,000, 132,000 11,758,751,000 21,461,268,000 24,578,000,000 31,536,000,000 41,862,000,000 -5,400,875,000 -9,536,264,000 -17,419,247,000 -20,509,000,000 -24,906,000,000 -32,634,000,000 2,266,597,000 -3,854,573,000 4,294,861,000 -3,989,000,000 4,636,000,000 -6,016,000,000 -667,340,000 -1,632,086,000 -252,840,000 80,000,000 1,994,000,000 3,212,000,000 -198,810,000 -471,259,000 -663,071,000 -685,000,000 -748,000,000 -583,000,000 -674,914,000 -1,961,400,000 -976,091,000 -862,000,000 690,000,000 2,150,000,000 TSLA_balance-sheet_Annual_As_Originally_Reported Total Assets Total Current Assets Inventories Total Current Liabilities Total Equity Fiscal year ends in Dec 31 USD 2016 2017 22,664,076,000 28,655,372,000 6,259,796,000 6,570,520,000 2,067,454,000 2,263,537,000 5,827,005,000 7,674,670,000 5,538,086,000 5,234,588,000 2018 29,739,614,000 8,306,308,000 3,113,446,000 9,992, 136,000 5,757,640,000 2019 2020 34,309,000,000 52,148,000,000 12, 103,000,000 26,717,000,000 3,552,000,000 4,101,000,000 10,667,000,000 14,248,000,000 7,467,000,000 23,075,000,000 2016 2017 2018 2019 2020 MEDIAN -3.8% - 12.2% 22.8% -9.6% -7.3% -37.5% 18.9% - 16.7% 68.0% 41.0% 87 547.4% 85.6% -3.1% -17.0% 18.8% 4.5% 82.5% 72.2% 65 516.5% 83.1% -1.8% -11.5% 16.6% -3.5% 14.5% 71.6% 63 459.5% 113.5% 2.4% 3.0% 21.0% 2.2% 28.3% 60.5% bu 60 226.0% 187.5% -0.03 -0.12 0.19 -0.05 0.48 0.60 65.24 4.59 1.07 RATIOS ROA= (NI+IEYAssets ROE=NI/Equity Gross Margin= Gross Profit/ Revenue Net Profit Margin = NI/ Revenue Sales Growth = (Revenue- Previous Revenue)Pr Asset turnover= Sales Revenue/Assets Days Inventory= Inv/ (COGS/365) Leverage Ratio = Assets/ Equity Current Ratio = Current Assets/ Current Liabilities 30.9% 140 409.2% 107.4% MCD_income-statement_Annual_As_Originally_Reported 2016 2017 2018 2019 2020 TTM Gross Profit 10,204,700,000 10,620,800,000 10,786,000,000 11,115,300,000 9,752,100,000 11,572,700,000 Total Revenue 24,621,900,000 22,820,400,000 21,025,200,000 21,076,500,000 19,207,800,000 21,744,400,000 Cost of Revenue -14,417,200,000 -12,199,600,000 -10,239,200,000-9,961,200,000 -9,455,700,000 -10,171,700,000 Operating Income/Expenses -2,384,500,000 -2,231,300,000 -2,200,200,000 -2,229,400,000 -2,545,600,000 -2,530,700,000 Total Operating Profit/Loss 7,820,200,000 8,389,500,000 8,585,800,000 8,885,900,000 7,206,500,000 9,042,000,000 Interest Expense Net of Capitalized Interest -884,800,000 -921,300,000 -981,200,000 -1,121,900,000 -1,218,100,000 -1,225,900,000 Net Income Available to Common Stockholders 4,686,500,000 5,192,300,000 5,924,300,000 6,025,400,000 4,730,500,000 6,896,300,000 Fiscal year ends in Dec 31 USD MCD_balance-sheet_Annual_As_Originally_Reported Total Assets Total Current Assets Inventories Total Current Liabilities Total Equity Fiscal year ends in Dec 31 USD 2016 2017 31,023,900,000 33,803,700,000 4,848,600,000 5,327,200,000 58,900,000 58,800,000 3,468,300,000 2,890,600,000 -2,204,300,000 -3,268,000,000 2018 2019 32,811,200,000 47,510,800,000 4,053,200,000 3,557,900,000 51,100,000 50,200,000 2,973,500,000 3,621,000,000 -6,258,400,000 -8,210,300,000 2020 52,626,800,000 6,243,200,000 51,100,000 6,181,200,000 -7,824,900,000 2016 2017 2018 2019 2020 MEDIAN 22.4% -212.6% 41.4% 19.0% 22.1% -158.9% 46.5% 22.8% -7.3% 67.5% 2 -1034.4% 184.3% 23.2% -94.7% 51.3% 28.2% -7.9% 64.1% 2 -524.3% 136.3% 16.3% -73.4% 52.7% 28.6% 0.2% 44.4% 2 -578.7% 98.3% 11.4% -60.5% 50.8% 24.6% -8.9% 36.5% 2 -672.6% 101.0% 0.22 -0.95 0.51 0.25 -0.08 0.64 1.82 -6.73 1.36 RATIOS ROA= (NI+IEYAssets ROE=NI/Equity Gross Margin= Gross Profit Revenue Net Profit Margin = NI/ Revenue Sales Growth = (Revenue- Previous Revenue)Prevous Revenue Asset turnover= Sales Revenue/Assets Days Inventory= Invl (COGS/365) Leverage Ratio = Assets/ Equity Current Ratio = Current Assets/ Current Liabilities 79.4% 1 -1407.4% 139.8% 2019 2020 YUM_income-statement_Annual_As_Originally_Reported Gross Profit Total Revenue Cost of Revenue Operating Income/Expenses Total Operating Profit/Loss Interest Expense Net of Capitalized Interest Diluted Net Income Available to Common Stockholders Fiscal year ends in Dec 31 USD 2016 2017 2018 TTM 2,666,000,000 2,687,000,000 2,658,000,000 2,814,000,000 2,687,000,000 3,055,000,000 6,366,000,000 5,878,000,000 5,688,000,000 5,597,000,000 5,652,000,000 6,279,000,000 -3,700,000,000 -3,191,000,000 -3,030,000,000 -2,783,000,000 -2,965,000,000 -3,224,000,000 -1,161,000,000 -999,000,000 -895,000,000 -917,000,000 -1,064,000,000 -1,033,000,000 1,505,000,000 1,688,000,000 1,763,000,000 1,897,000,000 1,623,000,000 2,022,000,000 -307,000,000 440,000,000 -452,000,000 -486,000,000 -543,000,000 -583,000,000 1,619,000,000 1,340,000,000 1,542,000,000 1,294,000,000 904,000,000 1,332,000,000 YUM_balance-sheet_Annual_As_Originally_Reported Total Assets Total Current Assets Inventories Total Current Liabilities Total Equity Fiscal year ends in Dec 31 USD 2016 2017 2018 2019 2020 5,478,000,000 5,311,000,000 4,130,000,000 5,231,000,000 5,852,000,000 1,482,000,000 2,507,000,000 1,207,000,000 1,527,000,000 1,689,000,000 36,000,000 13,000,000 1,369,000,000 1,512,000,000 1,301,000,000 1,541,000,000 1,675,000,000 -5,656,000,000 -6,334,000,000 -7,926,000,000 -8,016,000,000 -7,891,000,000 2016 2017 2018 2019 2020 MEDIAN 21.9% -28.6% 41.9% 25.4% 0.23 -0.19 31.7% -19.5% 46.7% 27.1% -3.2% 137.7% 18.5% -11.5% 47.5% 16.0% 23.5% -21.2% 45.7% 22.8% -7.7% 110.7% 1 -83.8% 165.8% 27.0% -16.1% 50.3% 23.1% -1.6% 107.0% 0.47 RATIOS ROA= (NI+IE YAssets ROE= NI/Equity Gross Margin= Gross Profit/ Revenue Net Profit Margin = NI/ Revenue Sales Growth = (Revenue- Previous Revenue/Prevous R Asset turnover= Sales Revenue/Assets Days Inventory= Inv/ (COGS/365) Leverage Ratio = Assets/ Equity Current Ratio = Current Assets/ Current Liabilities 0.23 0.23 -0.02 1.11 2.52 1.0% 96.6% 116.2% 4 -96.9% 108.3% -52.1% 92.8% -65.3% 99.1% -0.74 -74.2% 100.8% 1.01 TTM WEN_income-statement_Annual_As_Originally_Reported Gross Profit Total Revenue Cost of Revenue Operating Income/Expenses Total Operating Profit/Loss Interest Expense Net of Capitalized Interest Diluted Net Income Available to Common Stockholders Fiscal year ends in Dec 31 USD 2016 2017 2018 2019 622,957,000 622,446,000 603,175,000 605,741,000 1,435,418,000 1,223,408,000 1,589,936,000 1,709,002,000 -812,461,000 -600,962,000 -986,761,000 -1,103,261,000 -353,784,000 -341,941,000 -339,981,000 -320,481,000 269,173,000 280,505,000 263,194,000 285,260,000 -114,802,000 -118,059,000 -119,618,000 -115,971,000 129,624,000 194,029,000 460,115,000 136,940,000 2020 621,481,000 697,428,000 1,733,825,000 1,880,099,000 -1,112,344,000 -1,182,671,000 -331,254,000 -346,630,000 290,227,000 350,798,000 -146,804,000 -146,184,000 117,832,000 185,577,000 2017 WEN_balance-sheet_Annual_As_Originally_Reported Total Assets Total Current Assets Inventories Total Current Liabilities Total Equity Fiscal year ends in Dec 31 USD 2016 2018 3,939,314,000 4,096,938,000 4,292,035,000 452,532,000 404,353,000 665,718,000 2,851.000 3,156,000 3,687,000 230,081,000 227,162,000 284,185,000 527,736,000 573,203,000 648,449,000 2019 4,994,529,000 554,047,000 3,891,000 349,698,000 516,359,000 2020 5,040,006,000 687,623,000 4,732,000 413,308,000 549,596,000 2016 2017 2018 2019 2020 MEDIAN 2.8% 0.4% 24.6% 1.9% 33.8% 50.9% 43.4% 9.0% 15.9% 7.9% 71.0% 37.9% 28.9% 30.0% 37.0% 1.4 661.9% 234.3% -14.8% 29.9% 1.9 714.7% 178.0% 0.4% 26.5% 35.4% 8.0% 7.5% 34.2% 1.3 967.3% 158.4% 21.4% 35.8% 6.8% 1.5% 34.4% 1.6 917.0% 166.4% 0.02 0.27 0.38 0.09 0.04 0.04 0.34 1.36 7.46 1.78 RATIOS ROA= (NI+IE/Assets ROE=NI/Equity Gross Margin= Gross ProfitRevenue Net Profit Margin = NI/ Revenue Sales Growth = (Revenue- Previous Revenue)Prevous Revenue Asset turnover=Sales Revenue/Assets Days Inventory= Inv/ (COGS/365) Leverage Ratio = Assets/ Equity Current Ratio = Current Assets/ Current Liabilities 36.4% 1.3 746.5% 196.7% GM_income-statement_Annual_As_Originally_Reported Gross Profit Total Revenue Cost of Revenue Operating Income/Expenses Total Operating Profit/Loss Interest Expense Net of Capitalized Interest Net Income Available to Common Stockholders Fiscal year ends in Dec 31 USD 2016 21,255,000,000 166,380,000,000 -145, 125,000,000 -11,710,000,000 9,545.000.000 -572,000,000 9,427,000,000 2017 19,591,000,000 145,588,000,000 -125,997,000,000 -9,575,000,000 10,016,000,000 -575,000,000 -3,880,000,000 2018 2019 14,095,000,000 13,972,000,000 147,049,000,000 137,237,000,000 -132,954,000,000 -123,265,000,000 -9,650,000,000 -8,491,000,000 4,445,000,000 5,481,000,000 -655,000,000 -782,000,000 7,916,000,000 6,581,000,000 2020 13,672,000,000 122,485,000,000 - 108,813,000,000 -7,038,000,000 6,634,000,000 - 1,098,000,000 6,247,000,000 TTM 21,036,000,000 139,639,000,000 -118,603,000,000 -7,686,000,000 13,350,000,000 -1,095.000.000 12,573,000,000 GM_balance-sheet_Annual_As_Originally_Reported Total Assets Total Current Assets Inventories Total Current Liabilities Total Equity Fiscal year ends in Dec 31 USD 2016 221,690,000,000 76,203,000,000 13,788,000,000 85,181,000,000 44,075,000,000 2017 212,482,000,000 68,744,000,000 10,663,000,000 76,890,000,000 36,200,000,000 2018 227,339,000,000 75,293,000,000 9,816,000,000 82,237,000,000 42,777,000,000 2019 228,037,000,000 74,992,000,000 10,398,000,000 84,905,000,000 45,957,000,000 2020 235,194,000,000 80,924,000,000 10,235,000,000 79,910,000,000 49,677,000,000 2016 2017 2018 2019 2020 MEDIAN 4.0% 21.4% 12.8% 5.7% -2.1% -10.7% 13.5% -2.7% -12.5% 68.5% 30.9 587.0% 89.4% 3.2% 18.5% 9.6% 5.4% 1.0% 64.7% 26.9 531.5% 91.6% 2.5% 14.3% 10.2% 4.8% -6.7% 60.2% 30.8 496.2% 88.3% 2.4% 12.6% 11.2% 5.1% -10.7% 52.1% 34.3 473.4% 101.3% 0.03 0.14 0.11 0.05 -0.09 0.65 30.89 5.03 0.89 RATIOS ROA= (NI+IE)/Assets ROE=NI/Equity Gross Margin= Gross Profit/ Revenue Net Profit Margin = NI/ Revenue Sales Growth = (Revenue- Previous Revenue)/Prevous Revenue Asset turnover= Sales Revenue/Assets Days Inventory=Inv/ (COGS/365) Leverage Ratio = Assets/ Equity Current Ratio = Current Assets/ Current Liabilities 75.1% 34.7 503.0% 89.5% 2016 2018 2019 2020 F_income-statement_Annual_As_Originally_Reported Gross Profit Total Revenue Cost of Revenue Operating Income/Expenses Total Operating Profit/Loss Interest Expense Net of Capitalized Interest Net Income Available to Common Stockholders Fiscal year ends in Dec 31 USD 2017 TTM 25,216,000,000 25,444,000,000 24,069,000,000 21,207,000,000 14,392,000,000 19,934,000,000 151,800,000,000 156,776,000,000 160,338,000,000 155,900,000,000 127,144,000,000 136,433,000,000 -126,584,000,000 -131,332,000,000 -136,269,000,000 -134,693,000,000 -112,752,000,000 -116,499,000,000 -12,196,000,000 -11,527,000,000 -11,403,000,000 -11,161,000,000 -10,193,000,000 11,516,000,000 13,020,000,000 13,917,000,000 12,666,000,000 10,046,000,000 4,199,000,000 8,418,000,000 -9,798,000,000 -10,237,000,000 -10,691,000,000 -10,521,000,000 -10,256,000,000 -7.968,000,000 4,596,000,000 7,602,000,000 3,677,000,000 47,000,000 - 1,279,000,000 3,420,000,000 F_balance sheet_Annual_As_Originally_Reported Total Assets Total Current Assets Inventories Total Current Liabilities Total Equity Fiscal year ends in Dec 31 | USD 2016 2017 237,951,000,000 257,808,000,000 108,461,000,000 115,902,000,000 8,898,000,000 10,277,000,000 90,281,000,000 94,600,000,000 29,187,000,000 34,918,000,000 2018 256,540,000,000 114,649,000,000 11,220,000,000 95,569,000,000 35,966,000,000 2019 2020 258,537,000,000 267,261,000,000 114,047,000,000 116,744,000,000 10,786,000,000 10,808,000,000 98,132,000,000 97,192,000,000 33,230,000,000 30,811,000,000 2016 2017 2018 2019 2020 MEDIAN 0.8% 1.4% 15.7% 16.6% 3.0% -0.2% 0.1% 13.6% 0.0% 1.4% 21.8% 16.2% 4.8% 3.3% 60.8% 29 738.3% 122.5% 10.2% 15.0% 2.3% 2.3% 62.5% 30 713.3% 120.0% -2.3% -4.2% 11.3% -1.0% -18.4% 47.6% 35 867.4% 120.1% RATIOS ROA= (NI+IE)Assets ROE=N/Equity Gross Margin= Gross Profit Revenue Net Profit Margin = NI/ Revenue Sales Growth = (Revenue- Previous RevenuePrevous Asset turnover= Sales Revenue/Assets Days Inventory=Inv/ (COGS/365) Leverage Ratio - Assets/ Equity Current Ratio = Current Assets/ Current Liabilities 0.01 0.10 0.15 0.02 0.00 0.61 29.23 7.78 1.20 -2.8% 60.3% 29 778.0% 116.2% 63.8% 26 815.3% 120.1% 2016 TSLA_income-statement_Annual_As_Originally_Reported Gross Profit Total Revenue Cost of Revenue Operating Income/Expenses Total Operating Profit/Loss Interest Expense Net of Capitalized Interest Net Income Available to Common Stockholders Fiscal year ends in Dec 31 USD 2017 2018 2019 2020 TTM 1,599,257,000 2,222,487,000 4,042,021,000 4,069,000,000 6,630,000,000 9,228,000,000 7,000, 132,000 11,758,751,000 21,461,268,000 24,578,000,000 31,536,000,000 41,862,000,000 -5,400,875,000 -9,536,264,000 -17,419,247,000 -20,509,000,000 -24,906,000,000 -32,634,000,000 2,266,597,000 -3,854,573,000 4,294,861,000 -3,989,000,000 4,636,000,000 -6,016,000,000 -667,340,000 -1,632,086,000 -252,840,000 80,000,000 1,994,000,000 3,212,000,000 -198,810,000 -471,259,000 -663,071,000 -685,000,000 -748,000,000 -583,000,000 -674,914,000 -1,961,400,000 -976,091,000 -862,000,000 690,000,000 2,150,000,000 TSLA_balance-sheet_Annual_As_Originally_Reported Total Assets Total Current Assets Inventories Total Current Liabilities Total Equity Fiscal year ends in Dec 31 USD 2016 2017 22,664,076,000 28,655,372,000 6,259,796,000 6,570,520,000 2,067,454,000 2,263,537,000 5,827,005,000 7,674,670,000 5,538,086,000 5,234,588,000 2018 29,739,614,000 8,306,308,000 3,113,446,000 9,992, 136,000 5,757,640,000 2019 2020 34,309,000,000 52,148,000,000 12, 103,000,000 26,717,000,000 3,552,000,000 4,101,000,000 10,667,000,000 14,248,000,000 7,467,000,000 23,075,000,000 2016 2017 2018 2019 2020 MEDIAN -3.8% - 12.2% 22.8% -9.6% -7.3% -37.5% 18.9% - 16.7% 68.0% 41.0% 87 547.4% 85.6% -3.1% -17.0% 18.8% 4.5% 82.5% 72.2% 65 516.5% 83.1% -1.8% -11.5% 16.6% -3.5% 14.5% 71.6% 63 459.5% 113.5% 2.4% 3.0% 21.0% 2.2% 28.3% 60.5% bu 60 226.0% 187.5% -0.03 -0.12 0.19 -0.05 0.48 0.60 65.24 4.59 1.07 RATIOS ROA= (NI+IEYAssets ROE=NI/Equity Gross Margin= Gross Profit/ Revenue Net Profit Margin = NI/ Revenue Sales Growth = (Revenue- Previous Revenue)Pr Asset turnover= Sales Revenue/Assets Days Inventory= Inv/ (COGS/365) Leverage Ratio = Assets/ Equity Current Ratio = Current Assets/ Current Liabilities 30.9% 140 409.2% 107.4% MCD_income-statement_Annual_As_Originally_Reported 2016 2017 2018 2019 2020 TTM Gross Profit 10,204,700,000 10,620,800,000 10,786,000,000 11,115,300,000 9,752,100,000 11,572,700,000 Total Revenue 24,621,900,000 22,820,400,000 21,025,200,000 21,076,500,000 19,207,800,000 21,744,400,000 Cost of Revenue -14,417,200,000 -12,199,600,000 -10,239,200,000-9,961,200,000 -9,455,700,000 -10,171,700,000 Operating Income/Expenses -2,384,500,000 -2,231,300,000 -2,200,200,000 -2,229,400,000 -2,545,600,000 -2,530,700,000 Total Operating Profit/Loss 7,820,200,000 8,389,500,000 8,585,800,000 8,885,900,000 7,206,500,000 9,042,000,000 Interest Expense Net of Capitalized Interest -884,800,000 -921,300,000 -981,200,000 -1,121,900,000 -1,218,100,000 -1,225,900,000 Net Income Available to Common Stockholders 4,686,500,000 5,192,300,000 5,924,300,000 6,025,400,000 4,730,500,000 6,896,300,000 Fiscal year ends in Dec 31 USD MCD_balance-sheet_Annual_As_Originally_Reported Total Assets Total Current Assets Inventories Total Current Liabilities Total Equity Fiscal year ends in Dec 31 USD 2016 2017 31,023,900,000 33,803,700,000 4,848,600,000 5,327,200,000 58,900,000 58,800,000 3,468,300,000 2,890,600,000 -2,204,300,000 -3,268,000,000 2018 2019 32,811,200,000 47,510,800,000 4,053,200,000 3,557,900,000 51,100,000 50,200,000 2,973,500,000 3,621,000,000 -6,258,400,000 -8,210,300,000 2020 52,626,800,000 6,243,200,000 51,100,000 6,181,200,000 -7,824,900,000 2016 2017 2018 2019 2020 MEDIAN 22.4% -212.6% 41.4% 19.0% 22.1% -158.9% 46.5% 22.8% -7.3% 67.5% 2 -1034.4% 184.3% 23.2% -94.7% 51.3% 28.2% -7.9% 64.1% 2 -524.3% 136.3% 16.3% -73.4% 52.7% 28.6% 0.2% 44.4% 2 -578.7% 98.3% 11.4% -60.5% 50.8% 24.6% -8.9% 36.5% 2 -672.6% 101.0% 0.22 -0.95 0.51 0.25 -0.08 0.64 1.82 -6.73 1.36 RATIOS ROA= (NI+IEYAssets ROE=NI/Equity Gross Margin= Gross Profit Revenue Net Profit Margin = NI/ Revenue Sales Growth = (Revenue- Previous Revenue)Prevous Revenue Asset turnover= Sales Revenue/Assets Days Inventory= Invl (COGS/365) Leverage Ratio = Assets/ Equity Current Ratio = Current Assets/ Current Liabilities 79.4% 1 -1407.4% 139.8% 2019 2020 YUM_income-statement_Annual_As_Originally_Reported Gross Profit Total Revenue Cost of Revenue Operating Income/Expenses Total Operating Profit/Loss Interest Expense Net of Capitalized Interest Diluted Net Income Available to Common Stockholders Fiscal year ends in Dec 31 USD 2016 2017 2018 TTM 2,666,000,000 2,687,000,000 2,658,000,000 2,814,000,000 2,687,000,000 3,055,000,000 6,366,000,000 5,878,000,000 5,688,000,000 5,597,000,000 5,652,000,000 6,279,000,000 -3,700,000,000 -3,191,000,000 -3,030,000,000 -2,783,000,000 -2,965,000,000 -3,224,000,000 -1,161,000,000 -999,000,000 -895,000,000 -917,000,000 -1,064,000,000 -1,033,000,000 1,505,000,000 1,688,000,000 1,763,000,000 1,897,000,000 1,623,000,000 2,022,000,000 -307,000,000 440,000,000 -452,000,000 -486,000,000 -543,000,000 -583,000,000 1,619,000,000 1,340,000,000 1,542,000,000 1,294,000,000 904,000,000 1,332,000,000 YUM_balance-sheet_Annual_As_Originally_Reported Total Assets Total Current Assets Inventories Total Current Liabilities Total Equity Fiscal year ends in Dec 31 USD 2016 2017 2018 2019 2020 5,478,000,000 5,311,000,000 4,130,000,000 5,231,000,000 5,852,000,000 1,482,000,000 2,507,000,000 1,207,000,000 1,527,000,000 1,689,000,000 36,000,000 13,000,000 1,369,000,000 1,512,000,000 1,301,000,000 1,541,000,000 1,675,000,000 -5,656,000,000 -6,334,000,000 -7,926,000,000 -8,016,000,000 -7,891,000,000 2016 2017 2018 2019 2020 MEDIAN 21.9% -28.6% 41.9% 25.4% 0.23 -0.19 31.7% -19.5% 46.7% 27.1% -3.2% 137.7% 18.5% -11.5% 47.5% 16.0% 23.5% -21.2% 45.7% 22.8% -7.7% 110.7% 1 -83.8% 165.8% 27.0% -16.1% 50.3% 23.1% -1.6% 107.0% 0.47 RATIOS ROA= (NI+IE YAssets ROE= NI/Equity Gross Margin= Gross Profit/ Revenue Net Profit Margin = NI/ Revenue Sales Growth = (Revenue- Previous Revenue/Prevous R Asset turnover= Sales Revenue/Assets Days Inventory= Inv/ (COGS/365) Leverage Ratio = Assets/ Equity Current Ratio = Current Assets/ Current Liabilities 0.23 0.23 -0.02 1.11 2.52 1.0% 96.6% 116.2% 4 -96.9% 108.3% -52.1% 92.8% -65.3% 99.1% -0.74 -74.2% 100.8% 1.01 TTM WEN_income-statement_Annual_As_Originally_Reported Gross Profit Total Revenue Cost of Revenue Operating Income/Expenses Total Operating Profit/Loss Interest Expense Net of Capitalized Interest Diluted Net Income Available to Common Stockholders Fiscal year ends in Dec 31 USD 2016 2017 2018 2019 622,957,000 622,446,000 603,175,000 605,741,000 1,435,418,000 1,223,408,000 1,589,936,000 1,709,002,000 -812,461,000 -600,962,000 -986,761,000 -1,103,261,000 -353,784,000 -341,941,000 -339,981,000 -320,481,000 269,173,000 280,505,000 263,194,000 285,260,000 -114,802,000 -118,059,000 -119,618,000 -115,971,000 129,624,000 194,029,000 460,115,000 136,940,000 2020 621,481,000 697,428,000 1,733,825,000 1,880,099,000 -1,112,344,000 -1,182,671,000 -331,254,000 -346,630,000 290,227,000 350,798,000 -146,804,000 -146,184,000 117,832,000 185,577,000 2017 WEN_balance-sheet_Annual_As_Originally_Reported Total Assets Total Current Assets Inventories Total Current Liabilities Total Equity Fiscal year ends in Dec 31 USD 2016 2018 3,939,314,000 4,096,938,000 4,292,035,000 452,532,000 404,353,000 665,718,000 2,851.000 3,156,000 3,687,000 230,081,000 227,162,000 284,185,000 527,736,000 573,203,000 648,449,000 2019 4,994,529,000 554,047,000 3,891,000 349,698,000 516,359,000 2020 5,040,006,000 687,623,000 4,732,000 413,308,000 549,596,000 2016 2017 2018 2019 2020 MEDIAN 2.8% 0.4% 24.6% 1.9% 33.8% 50.9% 43.4% 9.0% 15.9% 7.9% 71.0% 37.9% 28.9% 30.0% 37.0% 1.4 661.9% 234.3% -14.8% 29.9% 1.9 714.7% 178.0% 0.4% 26.5% 35.4% 8.0% 7.5% 34.2% 1.3 967.3% 158.4% 21.4% 35.8% 6.8% 1.5% 34.4% 1.6 917.0% 166.4% 0.02 0.27 0.38 0.09 0.04 0.04 0.34 1.36 7.46 1.78 RATIOS ROA= (NI+IE/Assets ROE=NI/Equity Gross Margin= Gross ProfitRevenue Net Profit Margin = NI/ Revenue Sales Growth = (Revenue- Previous Revenue)Prevous Revenue Asset turnover=Sales Revenue/Assets Days Inventory= Inv/ (COGS/365) Leverage Ratio = Assets/ Equity Current Ratio = Current Assets/ Current Liabilities 36.4% 1.3 746.5% 196.7%