Wendy's 2009 Annual Report Download - page 84

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January 3,
2010
December 28,
2008
December 30,
2007
Year Ended
Detail of cash flows related to investments:
Operating investment adjustments, net:
Other than temporary losses on investments. . . . . . . . . . . $ 3,916 $ 112,741 $ 9,909
Other net recognized gains . . . . . . . . . . . . . . . . . . . . . . . . . . (1,432) (7,384) (51,407)
Proceeds from sales of trading securities . . . . . . . . . . . . . . — — 6,017
Other, net ......................................... — — 1,956
$ 2,484 $ 105,357 $ (33,525)
Investment activities, net:
Proceeds from sales of available-for-sale securities,
securities sold short, and other investments . . . . . . . . . $ 31,289 $ 136,748 $161,857
Decrease (increase) in restricted cash held for
investment....................................... 26,681 17,724 (34,297)
Cost of available-for-sale securities, other investments
purchased, and payments to cover short positions in
securities ........................................ (19,829) (103,406) (76,029)
$ 38,141 $ 51,066 $ 51,531
Supplemental disclosures of cash flow information:
Cash paid during the year in continuing operations for:
Interest............................................ $ 86,439 $ 61,192 $ 57,309
Income taxes, net of refunds . . . . . . . . . . . . . . . . . . . . . . . . . $ 14,952 $ 5,094 $ 5,455
Supplemental schedule of noncash investing and financing
activities:
Total capital expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 108,284 $ 115,419 $ 87,456
Cash capital expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . (101,914) (106,989) (72,990)
Non-cash capitalized lease and certain sales-leaseback
obligations....................................... $ 6,370 $ 8,430 $ 14,466
Non-cash transactions:
Value of equity consideration issued in merger with
Wendy’s
Common stock................................. $ — $2,476,197 $ —
Stock options.................................. $ — $ 18,296 $ —
Assumption of debt................................. $ — $ 553,438 $ —
Non-cash effect of sale of business segment . . . . . . . . . . . $ — $ — $134,608
See accompanying notes to consolidated financial statements.
77
Wendy’s/Arby’s Group, Inc. and Subsidiaries
CONSOLIDATED STATEMENTS OF CASH FLOWS—CONTINUED
(In Thousands)