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Net income, shareholder payouts, capital expenditure, and income tax paid by six major UPF-dependent corporations relative to their revenue, 1962–2021. Data sourced from Compustat North America, accessed via Wharton Research Data Services. Total shareholder payouts = dividends paid + value of share repurchases. Share repurchase data from Compustat may include data on purchase of preferred stock. N.b. the y-axes vary for McDonald’s and Yum Brands compared to the other corporations
