Wendy's 2008 Annual Report Download - page 120
Download and view the complete annual report
Please find page 120 of the 2008 Wendy's annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110 -
111 -
112 -
113 -
114 -
115 -
116 -
117 -
118 -
119 -
120 -
121 -
122 -
123 -
124 -
125 -
126 -
127 -
128 -
129 -
130 -
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
 |
 |
Non-Current 2008 2007
Year End
Notes receivable:
DFR........................................................... $46,571 $46,219
Franchisees ..................................................... 9,841 564
56,412 46,783
Allowance for doubtful accounts....................................... (21,804) (354)
$ 34,608 $46,429
The following is an analysis of the allowance for doubtful accounts which relates primarily to the DFR
notes and to trade accounts and notes receivables:
2008 2007 2006
Balance at beginning of year:
Current ................................................... $ 166 $224 $591
Non-current ............................................... 354 — —
Provision for doubtful accounts:
DFR notes................................................. 21,227 — —
Franchisees ................................................ 783 277 172
Other ..................................................... (113) 354 —
Uncollectible accounts written off, net of recoveries ................ 274 (335) (117)
Uncollectible related party notes written off ....................... — — (422)
Balance at end of year:
Current ................................................... 887 166 224
Non-current ............................................... 21,804 354 —
Total...................................................... $22,691 $ 520 $ 224
Properties
2008 2007
Year End
Owned:
Land ....................................................... $ 460,588 $ 72,439
Buildings and improvements ................................. 682,280 56,638
Office, restaurant and transportation equipment ................ 388,966 227,329
Leasehold improvements ..................................... 171,569 103,297
Leased (a):
Capitalized leases............................................ 127,728 74,928
Sale-leaseback assets ......................................... 146,122 129,024
1,977,253 663,655
Accumulated depreciation and amortization ........................ (206,881) (158,781)
$1,770,372 $ 504,874
(a) These assets principally include buildings and improvements.
112
Wendy’s/Arby’s Group, Inc. and Subsidiaries
(Formerly Triarc Companies, Inc.)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—CONTINUED
(In Thousands Except Per Share Amounts)