WENDYS
BALANCE SHEET
Assets
Fiscal year is January-December. All values USD millions.
Cash & Short Term Investments
2009
2010
2011
673.31M
589.06M
544.9M
Cash Only
433.76M
584.92M
540.78M
Short-Term Investments
239.55M
4.14M
4.12M
88M
84.26M
68.35M
77.45M
75.54M
59.4M
Accounts Receivables, Gross
157.93M
82.86M
63.46M
Bad Debt/Doubtful Accounts
(80.48M)
(7.32M)
(4.05M)
10.55M
8.72M
8.95M
23.02M
22.69M
12.9M
Finished Goods
Work in Progress
Total Accounts Receivable
Accounts Receivables, Net
Other Receivables
Inventories
Fiscal year is January-December. All values USD millions.
Raw Materials
2009
Miscellaneous Current Assets
Total Current Assets
22.69M
12.9M
94.66M
58.78M
120.78M
94.66M
58.78M
120.78M
878.99M
754.79M
746.94M
2009
Net Property, Plant & Equipment
2011
23.02M
Progress Payments & Other
Other Current Assets
2010
2010
2011
1.62B
1.55B
1.19B
1.97B
2.01B
1.49B
Buildings
411.67M
426.96M
384.8M
Land & Improvements
467.25M
467.72M
401.95M
Computer Software and Equipment
Other Property, Plant & Equipment
976.73M
1B
676.3M
346.76M
455.43M
298.36M
113.26M
107.22M
119.27M
15.79M
39.3M
12.61M
Property, Plant & Equipment - Gross
Accumulated Depreciation
Total Investments and Advances
Other Long-Term Investments
Long-Term Note Receivable
2009
Intangible Assets
Net Goodwill
Net Other Intangibles
Other Assets
2011
2.27B
2.24B
2.17B
881.02M
883.64M
870.43M
1.39B
1.36B
1.3B
50.72M
64.55M
67.54M
67.54M
4.98B
4.73B
4.3B
Tangible Other Assets
Total Assets
2010
Liabilities & Shareholders' Equity
2009
ST Debt & Current Portion LT Debt
2010
2011
22.13M
18.42M
6.6M
22.13M
18.42M
6.6M
103.45M
81.36M
81.3M
Other Current Liabilities
349.57M
321.71M
280.37M
Dividends Payable
Short Term Debt
Current Portion of Long Term Debt
Accounts Payable
Income Tax Payable
2009
2010
2011
Accrued Payroll
81.86M
83.15M
67.56M
Miscellaneous Current Liabilities
267.7M
238.56M
212.81M
475.15M
421.49M
368.27M
1.5B
1.55B
1.35B
1.43B
1.48B
1.34B
1.43B
1.48B
1.34B
72.19M
70.77M
13.79M
475.54M
412.29M
470.52M
475.54M
412.29M
470.52M
187.61M
181.71M
115.41M
174.41M
170.25M
108.89M
13.2M
11.46M
6.52M
2.64B
2.57B
2.3B
Total Current Liabilities
Long-Term Debt
Long-Term Debt excl. Capitalized Leases
Non-Convertible Debt
Convertible Debt
Capitalized Lease Obligations
Provision for Risks & Charges
Deferred Taxes
Deferred Taxes - Credit
Deferred Taxes - Debit
Other Liabilities
Other Liabilities (excl. Deferred Income)
Deferred Income
Total Liabilities
2009
2010
2011
Non-Equity Reserves
Preferred Stock (Carrying Value)
Redeemable Preferred Stock
Non-Redeemable Preferred Stock
2.34B
2.16B
2B
47.04M
47.04M
47.04M
(380.48M)
(412.46M)
(435M)
Cumulative Translation Adjustment/Unrealized For. Exch. Gain
(4.7M)
7.97M
1.1M
Unrealized Gain/Loss Marketable Securities
59,000
(85.97M)
(249.55M)
(395.95M)
2.34B
2.16B
2B
Total Equity
2.34B
2.16B
2B
Liabilities & Shareholders' Equity
4.98B
4.73B
4.3B
Common Equity (Total)
Common Stock Par/Carry Value
Retained Earnings
ESOP Debt Guarantee
Revaluation Reserves
Treasury Stock
Total Shareholders' Equity
Accumulated Minority Interest
INCOME STATEMENT
Fiscal year is January-December. All values USD millions.
2009
2010
2011
Sales/Revenue
3.58B
3.42B
2.43B
Cost of Goods Sold (COGS) incl. D&A
2.92B
2.79B
1.94B
2.73B
2.61B
1.79B
191.45M
182.14M
145.3M
146.62M
136.42M
112.12M
44.84M
45.72M
33.18M
660.9M
623.52M
492.26M
COGS excluding D&A
Depreciation & Amortization Expense
Depreciation
Amortization of Intangibles
Gross Income
2009
SG&A Expense
Research & Development
Other SG&A
2010
2011
452.71M
416.61M
294.16M
452.71M
416.61M
294.16M
2009
Other Operating Expense
2010
2011
12.75M
14.47M
14.72M
100.22M
103.55M
64.21M
EBIT after Unusual Expense
(100.22M)
(103.55M)
(64.21M)
Non Operating Income/Expense
(245,000)
8.99M
3.19M
249,000
14,000
8,000
8.5M
9.46M
10.57M
123.84M
129.35M
108.5M
123.84M
129.35M
108.5M
Pretax Income
(20.13M)
(22M)
24.44M
Income Tax
(23.65M)
(17.67M)
6.53M
10.32M
5.01M
675,000
6.16M
7.1M
5.54M
(37.05M)
(27.72M)
1.42M
(3.08M)
(2.06M)
(1.11M)
Unusual Expense
Non-Operating Interest Income
Equity in Affiliates (Pretax)
Interest Expense
Gross Interest Expense
Interest Capitalized
Income Tax - Current Domestic
Income Tax - Current Foreign
Income Tax - Deferred Domestic
Income Tax - Deferred Foreign
2009
Income Tax Credits
2010
2011
Equity in Affiliates
Other After Tax Income (Expense)
Consolidated Net Income
3.52M
(4.33M)
17.91M
Minority Interest Expense
3.52M
(4.33M)
17.91M
1.55M
(8.04M)
Extra Items & Gain/Loss Sale Of Assets
(8.8M)
Cumulative Effect - Accounting Chg
1.55M
762,000
5.06M
(4.33M)
9.88M
3.52M
(4.33M)
17.91M
0.01
(0.01)
0.05
466.2M
426.25M
405.22M
Net Income
Extraordinaries & Discontinued Operations
Discontinued Operations
Net Income After Extraordinaries
Preferred Dividends
Net Income Available to Common
EPS (Basic)
Basic Shares Outstanding
2009
EPS (Diluted)
2010
2011
0.01
(0.01)
0.05
Diluted Shares Outstanding
466.69M
426.25M
407.18M
EBITDA
386.88M
374.58M
328.68M
STATEMENT OF CASH FLOWS
Operating Activities
Fiscal year is January-December. All values USD millions.
Net Income before Extraordinaries
2009
2010
2011
5.06M
(4.33M)
9.88M
Depreciation, Depletion & Amortization
190.25M
182.17M
145.3M
Depreciation and Depletion
145.41M
136.45M
112.12M
44.84M
45.72M
33.18M
(40.13M)
(29.78M)
1.62M
(40.13M)
(29.78M)
1.62M
Other Funds
146.35M
126.31M
78.22M
Funds from Operations
301.53M
274.38M
235.02M
Amortization of Intangible Assets
Deferred Taxes & Investment Tax Credit
Deferred Taxes
Investment Tax Credit
Extraordinaries
Fiscal year is January-December. All values USD millions.
Changes in Working Capital
2009
2010
2011
(2.74M)
(48.13M)
11.7M
xReceivables
(6.07M)
(4.73M)
(2.69M)
Accounts Payable
(2.53M)
(15.8M)
11.36M
3.99M
1.51M
(7.58M)
298.8M
226.25M
246.72M
Other Assets/Liabilities
Net Operating Cash Flow
Investing Activities
2009
2010
2011
(101.91M)
(147.97M)
(146.76M)
Capital Expenditures (Fixed Assets)
(101.91M)
(147.97M)
(146.76M)
Capital Expenditures (Other Assets)
(2.97M)
(3.12M)
(11.21M)
97.93M
38.14M
32.16M
(841,000)
(19.83M)
(404,000)
(1.18M)
Capital Expenditures
Net Assets from Acquisitions
Sale of Fixed Assets & Businesses
Purchase/Sale of Investments
Purchase of Investments
2009
Sale/Maturity of Investments
2010
2011
57.97M
32.56M
342,000
Other Uses
(3.67M)
(4.27M)
Other Sources
11.12M
6.01M
6.96M
(59.29M)
(112.92M)
(58.2M)
Net Investing Cash Flow
Financing Activities
2009
Cash Dividends Paid - Total
2010
2011
(27.98M)
(27.62M)
(32.37M)
Common Dividends
(27.98M)
(27.62M)
(32.37M)
Preferred Dividends
(72.93M)
(173.54M)
(151.2M)
(72.93M)
(173.54M)
(157.56M)
6.36M
Proceeds from Stock Options
Other Proceeds from Sale of Stock
6.36M
Change in Capital Stock
Repurchase of Common & Preferred Stk.
Sale of Common & Preferred Stock
2009
Issuance/Reduction of Debt, Net
2010
2011
358.74M
6.52M
(38.76M)
358.74M
6.52M
(38.76M)
569.11M
481.31M
(57,000)
(210.37M)
(474.79M)
(38.7M)
1.56M
491,000
(2.26M)
(156,000)
(2.26M)
1.72M
491,000
259.39M
(194.15M)
(224.58M)
Exchange Rate Effect
2.73M
1.61M
(1.21M)
Miscellaneous Funds
Net Change in Cash
501.63M
(79.21M)
(37.28M)
Free Cash Flow
168.91M
50.66M
67.59M
Change in Current Debt
Change in Long-Term Debt
Issuance of Long-Term Debt
Reduction in Long-Term Debt
Other Funds
Other Uses
Other Sources
Net Financing Cash Flow