Wendy's 2010 Annual Report Download - page 102
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WENDY’S/ARBY’S GROUP, INC. AND SUBSIDIARIES
WENDY’S/ARBY’S RESTAURANTS, LLC AND SUBSIDIARIES
COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—CONTINUED
(In Thousands Except Per Share Amounts)
(Wendy’s/Arby’s)
Year End
2010 2009
Cash and cash equivalents
Cash (3) ................................................... $508,364 $353,283
Cash equivalents (4) .......................................... 4,144 238,436
$512,508 $591,719
Restricted cash equivalents
Current (1)
Trust for termination costs for former Wendy’s executives ............. $ 919 $ 964
Other ..................................................... 149 150
$ 1,068 $ 1,114
Non-current (2)
Trust for termination costs for former Wendy’s executives ............. $ 3,562 $ 5,352
Collateral supporting letters of credit securing payments due under
leases .................................................... 685 890
$ 4,247 $ 6,242
(1) Included in “Prepaid expenses and other current assets.”
(2) Included in “Deferred costs and other assets.”
(3) Corporate cash was $313,746 and $52,092 at 2010 and 2009, respectively.
(4) Corporate cash equivalents were $76 and $763 at 2010 and 2009, respectively.
(Wendy’s/Arby’s Restaurants)
Year End
2010 2009
Accounts and Notes Receivable
Current
Accounts receivable:
Franchisees ............................................... $73,214 $74,555
Other ................................................... 15,131 16,693
88,345 91,248
Notes receivable:
Franchisees ............................................... 2,328 2,899
90,673 94,147
Allowance for doubtful accounts ................................... (7,321) (6,540)
$83,352 $87,607
Non-Current
Notes receivable:
Franchisees ............................................... $11,932 $ 9,850
AFA Service Corporation .................................... 4,458 5,089
16,390 14,939
Allowance for doubtful accounts ................................... (3,778) (1,340)
$12,612 $13,599
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