Wendy's 2008 Annual Report Download - page 174
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The following is a summary of the Company’s segment information:
2008
Wendy’s
Restaurants
Arby’s
Restaurants Corporate Total
Revenues:
Sales ............................................. $530,843 $1,131,448 $ — $1,662,291
Franchise revenues................................. 74,588 85,882 — 160,470
605,431 1,217,330 — 1,822,761
Depreciation and amortization ........................ 23,852 61,206 3,257 88,315
Operating (loss) profit. . ......................... 30,788 (395,304) (49,134) (413,650)
Interest expense ..................................... (67,009)
Gain on early extinguishments of debt ................ 3,656
Investment income, net .............................. 9,438
Other than temporary losses on investments ........... (112,741)
Other expense, net .................................. (606)
Loss from continuing operations before income
taxes and minority interests ................... (580,912)
Benefit from income taxes. . . ......................... 99,294
Minority interests in income of consolidated subsidiaries (340)
Loss from continuing operations.................. (481,958)
Income from discontinued operations, net of
income taxes...................................... 2,217
Net loss ....................................... $ (479,741)
166
WENDY’S/ARBY’S GROUP, INC. AND SUBSIDIARIES
(FORMERLY TRIARC COMPANIES, INC.)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—CONTINUED
(In Thousands Except Per Share Amounts)