Wendy's 2008 Annual Report Download - page 175
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2007
Arby’s
Restaurants
Asset
Management Corporate Total
Revenues:
Sales ........................................... $1,113,436 $ — $ — $1,113,436
Franchise revenues............................... 86,981 — — 86,981
Asset management revenues ...................... — 63,300 — 63,300
1,200,417 63,300 — 1,263,717
Depreciation and amortization ...................... 56,909 4,951 4,417 66,277
Operating (loss) profit......................... 108,672 44,154 (132,926) 19,900
Interest expense ................................... (61,331)
Investment income, net ............................ 62,110
Other than temporary losses on investments ......... (9,909)
Other expense, net ................................ (1,356)
Income from continuing operations before
income taxes and minority interests .......... 9,414
Benefit from income taxes.......................... 8,354
Minority interests in income of consolidated
subsidiaries ..................................... (2,682)
(Loss) income from continuing operations ....... 15,086
Income from discontinued operations, net of
income taxes.................................... 995
Net income .................................. $ 16,081
167
WENDY’S/ARBY’S GROUP, INC. AND SUBSIDIARIES
(FORMERLY TRIARC COMPANIES, INC.)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—CONTINUED
(In Thousands Except Per Share Amounts)