Wendy's 2010 Annual Report Download - page 143

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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)
The following is a summary of the Companies’ segment information:
2010 2009 2008
Revenues:
Sales:
Wendy’s (1) ...................................................... $2,079,106 $2,134,242 $ 530,843
Arby’s .......................................................... 966,236 1,064,106 1,131,448
Corporate eliminations ............................................. (25) — —
Total ......................................................... 3,045,317 3,198,348 1,662,291
Franchise revenues:
Wendy’s ........................................................ 296,395 302,853 74,588
Arby’s .......................................................... 74,739 79,634 85,882
Corporate eliminations ............................................. (37) — —
Total ......................................................... 371,097 382,487 160,470
Total revenues:
Wendy’s ........................................................ 2,375,501 2,437,095 605,431
Arby’s .......................................................... 1,040,975 1,143,740 1,217,330
Corporate eliminations ............................................. (62) — —
Total ......................................................... $3,416,414 $3,580,835 $1,822,761
Depreciation and amortization:
Wendy’s ........................................................ $ 113,064 $ 128,048 $ 23,852
Arby’s .......................................................... 55,326 56,188 61,206
Shared services center .............................................. 11,920 4,270 —
Wendy’s/Arby’s Restaurants ....................................... 180,310 188,506 85,058
Corporate ....................................................... 1,862 1,745 3,257
Wendy’s/Arby’s ................................................. $ 182,172 $ 190,251 $ 88,315
Impairment of long-lived assets:
Wendy’s ........................................................ $ 26,326 $ 23,443 $ 1,578
Arby’s .......................................................... 43,151 56,513 8,002
Wendy’s/Arby’s Restaurants ....................................... 69,477 79,956 9,580
Corporate ....................................................... — 2,176 9,623
Wendy’s/Arby’s ................................................. $ 69,477 $ 82,132 $ 19,203
Segment operating profit (loss):
Wendy’s ........................................................ $ 204,911 $ 167,753 $ 30,788
Arby’s .......................................................... (50,685) (29,248) (395,304)
Corporate eliminations ............................................. (6) — —
Shared services center .............................................. (11,920) (8,553) —
Wendy’s/Arby’s Restaurants ....................................... 142,300 129,952 (364,516)
Corporate ....................................................... (9,912) (17,976) (49,134)
Wendy’s/Arby’s ................................................. $ 132,388 $ 111,976 $ (413,650)
Wendy’s/Arby’s Restaurants:
Segment operating profit (loss) ........................................... $ 142,300 $ 129,952 $ (364,516)
Unallocated items:
Interest expense ................................................... (136,193) (125,392) (66,925)
Loss on early extinguishment of debt ................................... (26,197) — —
Other income (expense), net ......................................... 2,667 (2,973) 3,234
(Loss) income from continuing operations before income taxes ................... $ (17,423) $ 1,587 $ (428,207)
137