Wendy's 2011 Annual Report Download - page 74
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THE WENDY’S COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS—CONTINUED
(In Thousands)
Year Ended
January 1,
2012
January 2,
2011
January 3,
2010
Detail of cash flows related to investments:
Operating investment adjustments, net:
Income on collection of DFR Notes ........................... $ — $ (4,909) $ —
Other than temporary losses on investments ..................... — — 3,916
Other net recognized gains .................................. (145) (292) (1,432)
$ (145) $ (5,201) $ 2,484
Investment activities, net:
Proceeds from sales of investments ............................ $ 342 $ 1,810 $ 31,289
Decrease in restricted cash held for investment ................... — — 26,681
Proceeds from repayment of DFR Notes ....................... — 30,752 —
Cost of securities .......................................... — (404) (19,829)
Investment in joint venture .................................. (1,183) — —
$ (841) $ 32,158 $ 38,141
Supplemental cash flow information:
Cash paid during the period for:
Interest ................................................. $111,675 $ 127,753 $ 86,439
Income taxes, net of refunds ................................. $ 13,588 $ 14,262 $ 14,952
Supplemental non-cash investing and financing activities:
Total capital expenditures ................................... $149,104 $ 153,744 $ 108,284
Cash capital expenditures ................................... (146,763) (147,969) (101,914)
Non-cash capitalized lease and certain sales-leaseback obligations ..... $ 2,341 $ 5,775 $ 6,370
Indirect investment in Arby’s ................................ $ 19,000 $ — $ —
See accompanying notes to consolidated financial statements.
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