IHOP 2009 Annual Report Download - page 151

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DineEquity, Inc. and Subsidiaries
Notes to the Consolidated Financial Statements (Continued)
22. Segment Reporting
Information on segments and a reconciliation to income before income taxes are as follows:
Year Ended December 31,
2009 2008 2007
(In millions)
Revenues
Franchise operations .................................... $ 372.2 $ 353.3 $ 205.8
Company restaurants .................................... 890.0 1,103.2 125.9
Rental operations ...................................... 133.9 131.4 132.4
Financing operations .................................... 17.9 25.7 20.5
Total ............................................. $1,414.0 $1,613.6 $ 484.6
Intercompany Real Estate Charges
Company restaurants .................................... $ — $ — $ 0.1
Rental operations ...................................... — — 3.4
Corporate ........................................... — — (3.5)
Total ............................................. $ — $ — $ —
Income (loss) before income taxes
Franchise operations .................................... $ 270.0 $ 257.1 $ 117.7
Company restaurants .................................... 123.5 125.0 8.5
Rental operations ...................................... 36.6 33.3 34.0
Financing operations .................................... 17.5 18.4 19.3
Corporate ........................................... (411.0) (622.0) (182.2)
Income (loss) before income taxes ........................... $ 36.6 $ (188.2) $ (2.7)
Income tax expense (benefit) ............................... $ 5.2 $ (33.7) $ (2.2)
Interest Expense
Company restaurants .................................... $ 0.9 $ 1.0 $ 0.5
Rental operations ...................................... 19.9 20.2 20.8
Financing operations ....................................———
Corporate ........................................... 186.5 203.1 28.7
Total ............................................. $ 207.3 $ 224.3 $ 50.0
Depreciation and amortization
Franchise operations .................................... $ 10.0 $ 10.0 $ 1.0
Company restaurants .................................... 30.1 38.3 5.7
Rental operations ...................................... 11.6 11.9 12.0
Financing operations ....................................———
Corporate ........................................... 13.7 12.9 7.3
Total ............................................. $ 65.4 $ 73.1 $ 26.0
Impairment and closure charges
Franchise operations .................................... $ 74.7 $ 2.3 $ —
Company restaurants .................................... 30.4 238.3 4.4
Total .............................................. $ 105.1 $ 240.6 $ 4.4
Capital Expenditures
Franchise operations .................................... $ 0.4 $ 0.2 $ 0.4
Company restaurants .................................... 5.8 14.3 6.3
Corporate ........................................... 9.2 17.3 5.7
Total ............................................. $ 15.4 $ 31.8 $ 12.4
Goodwill ............................................ $ 697.5 $ 697.5 $ 730.7
Total Assets
Franchise operations .................................... $1,478.7 $1,519.4 $1,415.8
Company restaurants .................................... 647.5 734.8 1,234.7
Rental operations ...................................... 433.0 459.0 465.4
Financing operations .................................... 182.1 198.9 192.3
Corporate ........................................... 359.6 449.1 523.0
Total ............................................. $3,100.9 $3,361.2 $3,831.2
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