Wendy's 2008 Annual Report Download - page 40

Item 6. Selected Financial Data.
December 28,
2008
December 30,
2007(2)
December 31,
2006(2)
January 1,
2006(2)
January 2,
2005(2)
Year Ended (1)
(In millions, except per share amounts)
Sales ..................................... $1,662.3 $1,113.4 $1,073.3 $ 570.8 $ 205.6
Franchise revenues ......................... 160.5 87.0 82.0 91.2 100.9
Asset management and related fees .......... — 63.3 88.0 65.3 22.1
Revenues . . . .............................. 1,822.8 1,263.7 1,243.3 727.3 328.6
Operating (loss) profit ..................... (413.6) (5) 19.9 (6) 44.6 (31.4) (8) 2.6
(Loss) income from continuing operations . . . . (482.0) (5) 15.1 (6) (10.8) (7) (58.5) (8) 1.4 (9)
Income from discontinued operations ........ 2.2 1.0 — 3.3 12.5
Net (loss) income ......................... (479.8) (5) 16.1 (6) (10.9) (7) (55.2) (8) 13.8 (9)
Basic (loss) income per share (3):
Class A common stock:
Continuing operations ................. (3.06) .15 (.13) (.84) .02
Discontinued operations ............... .01 .01 — .05 .18
Net (loss) income ..................... (3.05) .16 (.13) (.79) .20
Class B common stock:
Continuing operations ................. (1.26) .17 (.13) (.84) .02
Discontinued operations ............... .02 .01 — .05 .21
Net (loss) income ..................... (1.24) .18 (.13) (.79) .23
Diluted (loss) income per share (3):
Class A common stock:
Continuing operations ................. (3.06) .15 (.13) (.84) .02
Discontinued operations ............... .01 .01 — .05 .17
Net income (loss) ..................... (3.05) .16 (.13) (.79) .19
Class B common stock:
Continuing operations ................. (1.26) .17 (.13) (.84) .02
Discontinued operations ............... .02 .01 — .05 .20
Net income (loss) ..................... (1.24) .18 (.13) (.79) .22
Cash dividends per share:
Class A common stock .................. .26 .32 .77 .29 .26
Class B common stock. .................. .26 .36 .81 .33 .30
Working (deficiency) capital................ (121.7) (36.9) 161.2 295.6 462.6
Properties. . . .............................. 1,770.4 504.9 488.5 443.9 103.4
Total assets . .............................. 4,645.6 1,454.6 1,560.4 2,809.5 1,067.0
Long-term debt ........................... 1,081.2 711.5 701.9 894.5 446.5
Stockholders’ equity ....................... 2,383.3 448.9 477.8 398.3 305.5
Weighted average shares outstanding (4):
Class A common stock .................. 137.7 28.8 27.3 23.8 22.2
Class B common stock. .................. 48.0 63.5 59.3 46.2 40.8
(1) Wendy’s/Arby’s Group, Inc. and its subsidiaries (the “Company”) reports on a fiscal year consisting of 52
or 53 weeks ending on the Sunday closest to December 31. The financial position and results of operations
of Wendy’s International, Inc. (“Wendy’s”) are included commencing with the date of the Wendy’s
Merger, September 29, 2008. The financial position and results of operations of RTM Restaurant Group
(“RTM”) are included commencing with its acquisition by the Company on July 25, 2005. Deerfield &
Company LLC (“Deerfield”), in which the Company held a 63.6% capital interest from July 22, 2004
through its sale on December 21, 2007, Deerfield Opportunities Fund, LLC (the “Opportunities Fund”),
which commenced on October 4, 2004 and in which our investment was effectively redeemed on
September 29, 2006, and DM Fund LLC, which commenced on March 1, 2005 and in which our
investment was effectively redeemed on December 31, 2006, reported on a calendar year ending on
December 31 through their respective sale or redemption dates. In accordance with this method, each of
the Company’s fiscal years presented above contained 52 weeks except for the 2004 fiscal year which
contained 53 weeks. All references to years relate to fiscal years rather than calendar years.
(footnotes continued on next page)
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