Wendy's 2011 Annual Report Download - page 33

Item 6. Selected Financial Data.
(The Wendy’s Company)
Year Ended (1) (2)
January 1,
2012
January 2,
2011
January 3,
2010
December 28,
2008 (3)
December 30,
2007 (3)
(In Millions, except per share amounts)
Sales ..................................... $2,126.6 $2,079.1 $2,134.2 $ 530.8 $ —
Franchise revenues .......................... 304.8 296.3 302.9 74.6 —
Asset management and related fees (4) ........... — — — — 63.3
Revenues ................................. 2,431.4 2,375.4 2,437.1 605.4 63.3
Operating profit (loss) ....................... 137.1(8) 150.4(9) 97.6(10) (32.4) (107.4)(12)
Income (loss) from continuing operations ........ 17.9(8) 18.1(9) 5.4(10) (128.1)(11) (56.9)(12)
(Loss) income from discontinued operations (5) .... (8.0) (22.4) (0.3) (351.6) 73.0
Net income (loss) ........................... 9.9(8) (4.3)(9) 5.1(10) (479.7)(11) 16.1(12)
Basic and diluted income (loss) per share (6):
Continuing operations:
Common stock ......................... .04 .04 .01 (.81) (.62)
Class B common stock ................... N/A N/A N/A (.33) (.62)
Discontinued operations: ...................
Common stock ......................... (.02) (.05) .00 (2.24) .79
Class B common stock ................... N/A N/A N/A (.91) .79
Net income (loss) .........................
Common stock ......................... .02 (.01) .01 (3.05) .17
Class B common stock ................... N/A N/A N/A (1.24) .17
Cash dividends per share:
Common stock ........................... .08 .07 .06 .26 .32
Class B common stock ..................... N/A N/A N/A .26 .36
Weighted average diluted shares outstanding (7):
Common stock ........................... 407.2 427.2 466.7 137.7 28.8
Class B common stock ..................... N/A N/A N/A 48.0 63.5
January 1,
2012
January 2,
2011
January 3,
2010
December 28,
2008 (3)
December 30,
2007 (3)
(In Millions)
Working capital (deficiency) ................... $ 378.7 $ 333.3 $ 403.8 $ (121.7) $ (36.9)
Properties ................................. 1,192.2 1,551.3 1,619.2 1,770.4 504.9
Total assets ................................ 4,300.7 4,732.7 4,975.4 4,645.6 1,454.6
Long-term debt, including current portion ........ 1,357.0 1,572.4 1,522.9 1,111.6 739.3
Stockholders’ equity ......................... 1,996.1 2,163.2 2,336.3 2,383.4 449.8
(1) The Wendy’s Company reports on a fiscal year consisting of 52 or 53 weeks ending on the Sunday closest to
December 31. Except for the 2009 fiscal year, which contained 53 weeks, each of The Wendy’s Company’s fiscal
years presented above contained 52 weeks. All references to years relate to fiscal years rather than calendar years.
The financial position and results of operations for Wendy’s are included commencing with the merger with
Wendy’s on September 29, 2008. Immediately prior to this merger, each share of our Class B common stock
was converted into Class A common stock on a one for one basis. In connection with the May 28, 2009
amendment and restatement of The Wendy’s Company’s Certificate of Incorporation, The Wendy’s Company’s
former Class A common stock is now referred to as “Common Stock.” Deerfield & Company LLC
(“Deerfield”), in which The Wendy’s Company held a 63.6% capital interest from July 22, 2004 through its sale
on December 21, 2007, reported on a calendar year ending on December 31 through its sale date.
(2) On July 4, 2011, Wendy’s Restaurants completed the sale of 100% of the common stock of its then wholly
owned subsidiary, Arby’s Restaurant Group, Inc. (“Arby’s”). Arby’s operating results for all periods presented
through its July 4, 2011 date of sale are classified as discontinued operations. Balance sheet information for all
periods prior to January 1, 2012 includes Arby’s.
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