Wendy's 2009 Annual Report Download - page 38

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Item 6. Selected Financial Data.
January 3,
2010
December 28,
2008(2)
December 30,
2007(2)
December 31,
2006(2)
January 1,
2006(2)
Year Ended (1)
(In Millions, except per share amounts)
Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,198.3 $1,662.3 $1,113.4 $1,073.3 $ 570.8
Franchise revenues......................... 382.5 160.5 87.0 82.0 91.2
Asset management and related fees. . . . . . . . . . — — 63.3 88.0 65.3
Revenues ................................. 3,580.8 1,822.8 1,263.7 1,243.3 727.3
Operating profit (loss) . . . . . . . . . . . . . . . . . . . . . 112.0 (5) (413.6) (6) 19.9 (7) 44.6 (31.4) (9)
Income (loss) from continuing operations . . . . 3.5 (5) (482.0) (6) 15.1 (7) 0.7 (8) (49.7) (9)
Income from discontinued operations . . . . . . . . 1.6 2.2 1.0 — 3.3
Net income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . 5.1 (5) (479.8) (6) 16.1 (7) (10.9) (8) (55.2) (9)
Basic and diluted income (loss) per share (3):
Continuing operations:
Common stock ....................... .01 (3.06) .15 (.13) (.84)
Class B common stock . . . . . . . . . . . . . . . . N/A (1.26) .17 (.13) (.84)
Discontinued operations:
Common stock ....................... — .01 .01 — .05
Class B common stock . . . . . . . . . . . . . . . . N/A .02 .01 — .05
Net income (loss)
Common stock ....................... .01 (3.05) .16 (.13) (.79)
Class B common stock . . . . . . . . . . . . . . . . N/A (1.24) .18 (.13) (.79)
Cash dividends per share:
Common stock.......................... .06 .26 .32 .77 .29
Class B common stock. . . . . . . . . . . . . . . . . . . N/A .26 .36 .81 .33
Working capital (deficiency). . . . . . . . . . . . . . . . 403.8 (121.7) (36.9) 161.2 295.6
Properties................................. 1,619.2 1,770.4 504.9 488.5 443.9
Total assets............................... 4,975.4 4,645.6 1,454.6 1,560.4 2,809.5
Long-term debt ........................... 1,500.8 1,081.2 711.5 701.9 894.5
Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . 2,336.3 2,383.4 449.8 492.0 441.7
Weighted average shares outstanding (4):
Common stock ....................... 466.2 137.7 28.8 27.3 23.8
Class B common stock . . . . . . . . . . . . . . . . N/A 48.0 63.5 59.3 46.2
(1) Wendy’s/Arby’s Group, Inc. and its subsidiaries (the “Company”) reports on a fiscal year consisting of 53
or 52 weeks ending on the Sunday closest to December 31. Except for the 2009 fiscal year which contained
53 weeks, each of the Company’s fiscal years presented above contained 52 weeks. All references to years
relate to fiscal years rather than calendar years. 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. Immediately prior to the Wendy’s Merger, each share of our Class B common stock
was converted into Class A common stock on a one for one basis. In connection with the May 28, 2009
amendment and restatement of our Certificate of Incorporation, our former Class A common stock is now
referred to as “Common Stock.” 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.
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