Wendy's 2009 Annual Report Download - page 154

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Wendy’s/Arby’s Group, Inc.
(Parent Company Only)
CONDENSED STATEMENTS OF OPERATIONS
(In Thousands)
January 3,
2010
December 28,
2008
December 30,
2007
Year Ended
Income:
Equity in income (loss) from continuing operations of
subsidiaries............................................ $ 8,970 $(451,158) $ 82,691
Investment income (loss).................................. 61 (21,565) 11,830
9,031 (472,723) 94,521
Costs and expenses:
General and administrative . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,568 38,674 46,780
Depreciation and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,745 2,212 2,599
Impairment of other long-lived assets . . . . . . . . . . . . . . . . . . . . . . — 2,671 —
Facilities relocation and corporate restructuring. . . . . . . . . . . . . . 3,008 692 75,348
Intercompany interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 420 1,392 2,671
Other (income) expense, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,141) 1,789 8,357
15,600 47,430 135,755
Loss from continuing operations before benefit from
income taxes...................................... (6,569) (520,153) (41,234)
Benefit from income taxes..................................... 10,085 38,195 56,320
Income (loss) from continuing operations. . . . . . . . . . . . . . . 3,516 (481,958) 15,086
Equity in income from discontinued operations of subsidiaries . . . . 1,546 2,217 995
Net income (loss).................................... $ 5,062 $(479,741) $ 16,081
SCHEDULE I (Continued)