Wendy's 2009 Annual Report Download - page 153
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SCHEDULE I
Wendy’s/Arby’s Group, Inc.
(Parent Company Only)
CONDENSED BALANCE SHEETS
(In Thousands)
January 3,
2010
December 28,
2008
Assets
Current assets:
Cash and cash equivalents ............................................ $ 51,973 $ 26,860
Amounts due from subsidiaries........................................ 40,525 68,702
Deferred income tax benefit and other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21,705 26,316
Total current assets.............................................. 114,203 121,878
Restricted cash equivalents................................................ 890 1,056
Note receivable, related party, net ......................................... 25,696 25,344
Investments in consolidated subsidiaries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,379,976 2,442,799
Amounts due from subsidiary ............................................. 26,773 —
Properties................................................................ 11,391 15,452
Deferred income tax benefit and other. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23,912 89,690
Total assets..................................................... $2,582,841 $2,696,219
Liabilities and Stockholders’ Equity
Current liabilities:
Intercompany demand note payable to a subsidiary. . . . . . . . . . . . . . . . . . . . . . $ 50,000 $ 50,000
Amounts due to subsidiaries.......................................... 158,879 194,519
Current portion of long-term debt (a) ................................. 5,949 889
Other current liabilities .............................................. 10,429 35,629
Total current liabilities .......................................... 225,257 281,037
Long-term debt (a) ....................................................... 15,052 21,001
Deferred income taxes .................................................... — 1,375
Other liabilities.......................................................... 6,193 9,361
Stockholders’ equity:
Common stock, $0.10 par value; 1,500,000 shares authorized; 470,424
shares issued ...................................................... 47,042 47,042
Additional paid-in capital ............................................ 2,761,433 2,753,141
Accumulated deficit.................................................. (380,480) (357,541)
Common stock held in treasury, at cost. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (85,971) (15,944)
Accumulated other comprehensive loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5,685) (43,253)
Total stockholders’ equity........................................ 2,336,339 2,383,445
Total liabilities and stockholders’ equity. . . . . . . . . . . . . . . . . . . . . . . . . . . $2,582,841 $2,696,219
(a) Consists of 5% convertible notes due 2023 in the amount of $2,100 as of both January 3, 2010 and
December 28, 2008 and a 6.54% equipment term loan on one of our aircraft in the amount of $18,901 and
$19,790 at January 3, 2010 and December 28, 2008, respectively.