IHOP 2010 Annual Report Download - page 153

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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 (loss) income before income taxes are as follows:
Year Ended December 31,
2010 2009 2008
(In millions)
Revenues
Franchise operations ............................... $ 376.7 $ 372.2 $ 353.3
Company restaurants ............................... 815.6 890.0 1,103.2
Rental operations ................................. 124.5 133.9 131.4
Financing operations ............................... 16.3 17.9 25.7
Total ........................................ $1,333.1 $1,414.0 $1,613.6
Income (loss) before income taxes
Franchise operations ............................... $ 272.9 $ 270.0 $ 257.1
Company restaurants ............................... 116.3 123.5 125.0
Rental operations ................................. 28.4 36.6 33.3
Financing operations ............................... 14.2 17.5 18.4
Corporate ...................................... (443.9) (411.0) (622.0)
Income (loss) before income taxes ...................... $ (12.1) $ 36.6 $ (188.2)
Interest Expense
Company restaurants ............................... $ 0.8 $ 0.9 $ 1.0
Rental operations ................................. 18.3 19.9 20.2
Corporate ...................................... 171.5 186.5 203.1
Total ........................................ $ 190.6 $ 207.3 $ 224.3
Depreciation and amortization
Franchise operations ............................... $ 10.0 $ 10.0 $ 10.0
Company restaurants ............................... 27.1 30.1 38.3
Rental operations ................................. 11.0 11.6 11.9
Corporate ...................................... 13.3 13.7 12.9
Total ........................................ $ 61.4 $ 65.4 $ 73.1
Impairment and closure charges
Franchise operations ............................... $ — $ 74.7 $ 2.3
Company restaurants ............................... 3.5 30.4 238.3
Total .......................................... $ 3.5 $ 105.1 $ 240.6
Capital Expenditures
Franchise operations ............................... $ — $ 0.4 $ 0.2
Company restaurants ............................... 9.5 5.8 14.3
Corporate ...................................... 9.2 9.2 17.3
Total ........................................ $ 18.7 $ 15.4 $ 31.8
Goodwill (all franchise segment) ....................... $ 697.5 $ 697.5 $ 697.5
Total Assets
Franchise operations ............................... $1,472.2 $1,478.7 $1,519.4
Company restaurants ............................... 513.7 647.5 734.8
Rental operations ................................. 425.8 433.0 459.0
Financing operations ............................... 146.8 182.1 198.9
Corporate ...................................... 298.1 359.6 449.1
Total ........................................ $2,856.6 $3,100.9 $3,361.2
137