Wendy's 2009 Annual Report Download - page 78
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Item 8. Financial Statements and Supplementary Data
Wendy’s/Arby’s Group, Inc. and Subsidiaries
CONSOLIDATED BALANCE SHEETS
(In Thousands)
January 3,
2010
December 28,
2008
Assets
Current assets:
Cash and cash equivalents ............................................ $ 591,719 $ 90,090
Restricted cash equivalents............................................ 1,114 20,792
Accounts and notes receivable......................................... 88,004 97,258
Inventories.......................................................... 23,024 24,646
Prepaid expenses and other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28,098 28,990
Deferred income tax benefit........................................... 66,557 37,923
Advertising funds restricted assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80,476 81,139
Total current assets.............................................. 878,992 380,838
Restricted cash equivalents................................................ 6,242 34,032
Notes receivable.......................................................... 39,295 34,608
Investments.............................................................. 107,020 133,052
Properties................................................................ 1,619,248 1,770,372
Goodwill................................................................ 881,019 853,775
Other intangible assets.................................................... 1,392,883 1,411,473
Deferred costs and other assets............................................. 50,717 27,470
Total assets..................................................... $4,975,416 $4,645,620
Liabilities and Stockholders’ Equity
Current liabilities:
Current portion of long-term debt..................................... $ 22,127 $ 30,426
Accounts payable .................................................... 103,454 139,340
Accrued expenses and other current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . 269,090 251,584
Advertising funds restricted liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80,476 81,139
Total current liabilities .......................................... 475,147 502,489
Long-term debt .......................................................... 1,500,784 1,081,151
Deferred income.......................................................... 13,195 16,859
Deferred income taxes .................................................... 475,538 475,243
Other liabilities.......................................................... 174,413 186,433
Commitments and contingencies
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........................... $4,975,416 $4,645,620
See accompanying notes to consolidated financial statements.
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