Dunkin' Donuts 2012 Annual Report Download - page 35

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-25-
The foregoing share numbers do not reflect the 1-for-4.568 reverse split and reclassification of our Class A common stock on
July 8, 2011, or the conversion of our Class L common stock in connection with our initial public offering.
Item 6. Selected Financial Data.
The following table sets forth our selected historical consolidated financial and other data, and should be read in conjunction
with “Management’s discussion and analysis of financial condition and results of operations” and the consolidated financial
statements and the related notes thereto appearing elsewhere in this Annual Report on Form 10-K. The selected historical
financial data has been derived from our audited consolidated financial statements. Historical results are not necessarily
indicative of the results to be expected for future periods. The data in the following table related to adjusted operating income,
adjusted net income, points of distribution, comparable store sales growth, franchisee-reported sales, company-owned store
sales, and systemwide sales growth are unaudited for all periods presented. The data for fiscal year 2011 reflects the results of
operations for a 53-week period. All other periods presented reflect the results of operations for 52-week periods.
Fiscal Year
2012 2011 2010 2009 2008
($ in thousands, except per share data or as otherwise noted)
Consolidated Statements of Operations
Data:
Franchise fees and royalty income $ 418,940 398,474 359,927 344,020 349,047
Rental income 96,816 92,145 91,102 93,651 97,886
Sales of ice cream products 94,659 100,068 84,989 75,256 71,445
Sales at company-owned restaurants 22,922 12,154 17,362 2,170 435
Other revenues 24,844 25,357 23,755 22,976 26,116
Total revenues 658,181 628,198 577,135 538,073 544,929
Amortization of intangible assets 26,943 28,025 32,467 35,994 37,848
Impairment charges(1) 1,278 2,060 7,075 8,517 331,862
Other operating costs and expenses(2)(3) 412,882 389,329 361,893 323,318 330,281
Total operating costs and expenses 441,103 419,414 401,435 367,829 699,991
Net income (loss) of equity method
investments(4) 22,351 (3,475) 17,825 14,301 14,169
Operating income (loss) 239,429 205,309 193,525 184,545 (140,893)
Interest expense, net (73,488) (104,449)(112,532)(115,019)(115,944)
Gain (loss) on debt extinguishment and
refinancing transactions (3,963) (34,222)(61,955) 3,684 —
Other gains (losses), net 23 175 408 1,066 (3,929)
Income (loss) before income taxes 162,001 66,813 19,446 74,276 (260,766)
Net income (loss) attributable to Dunkin'
Brands $ 108,308 34,442 26,861 35,008 (269,898)
Earnings (loss) per share:
Class L—basic and diluted n/a $ 6.14 4.87 4.57 4.17
Common—basic $ 0.94 (1.41)(2.04)(1.69)(8.95)
Common—diluted 0.93 (1.41)(2.04)(1.69)(8.95)