Wendy's 2009 Annual Report Download - page 99

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Properties
2009 2008
Year End
Owned:
Land...................................................... $ 467,249 $ 460,588
Buildings and improvements (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 411,671 682,280
Office, restaurant and transportation equipment . . . . . . . . . . . . . . . 435,824 388,966
Leasehold improvements (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 406,254 171,569
Leased (b):
Capitalized leases........................................... 110,363 127,728
Sale-leaseback assets ........................................ 134,648 146,122
1,966,009 1,977,253
Accumulated depreciation and amortization . . . . . . . . . . . . . . . . . . . . . . . (346,761) (206,881)
$1,619,248 $1,770,372
(a) The 2009 amounts reflect a reclassification of approximately $200,000 from Buildings and improvements
to Leasehold improvements related to assets acquired in the Wendy’s Merger.
(b) These assets principally include buildings and improvements.
Pledged assets
The following is a summary of assets pledged as collateral for certain debt:
2009 2008
Year End
Cash and cash equivalents......................................... $ 515,655 $ 19,853
Accounts and notes receivable (including long-term) . . . . . . . . . . . . . . . . . 98,320 17,482
Inventories....................................................... 21,870 11,096
Investments...................................................... 4,664 —
Properties........................................................ 531,534 335,739
Other intangible assets............................................ 1,256,800 22,299
Deferred costs and other assets..................................... — 2,571
$2,428,843 $409,040
Accrued expenses and other current liabilities
2009 2008
Year End
Accrued compensation and related benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 81,864 $ 65,262
Insurance reserves .................................................. 54,924 67,004
Accrued taxes...................................................... 38,762 42,753
Accrued interest.................................................... 34,569 9,776
Other............................................................. 58,971 66,789
$269,090 $251,584
92
Wendy’s/Arby’s Group, Inc. and Subsidiaries
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—CONTINUED
(In Thousands Except Per Share Amounts)