Wendy's 2010 Annual Report Download - page 148

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)
CONDENSED CONSOLIDATING BALANCE SHEET
January 2, 2011
Parent
Guarantor
Subsidiaries
Non-guarantor
Subsidiaries Eliminations Total
ASSETS
Current assets:
Cash and cash equivalents .......... $ 79,355 $ 88,936 $ 30,395 $ — $ 198,686
Accounts and notes receivable ....... 320 79,404 3,628 — 83,352
Inventories ...................... — 21,558 1,136 — 22,694
Prepaid expenses and other current
assets ........................ 3,900 19,446 686 — 24,032
Deferred income tax benefit ......... 17,634 27,218 215 — 45,067
Advertising funds restricted assets ..... — — 76,553 — 76,553
Total current assets ............ 101,209 236,562 112,613 — 450,384
Properties ........................... 13,748 1,466,769 61,336 — 1,541,853
Other intangible assets ................. 21,453 1,310,092 27,029 — 1,358,574
Goodwill ........................... — 841,156 47,765 — 888,921
Investments ......................... — — 102,406 — 102,406
Notes receivable ...................... — 12,612 — — 12,612
Deferred costs and other assets ........... 32,610 28,662 675 — 61,947
Net investment in subsidiaries ........... 2,559,526 246,578 — (2,806,104) —
Deferred income tax benefit ............. 86,423 — 97 (86,520) —
Due from affiliates .................... 59,618 — 17,893 (77,511) —
Total assets .................. $2,874,587 $4,142,431 $369,814 $(2,970,135) $4,416,697
LIABILITIES AND INVESTED EQUITY
Current liabilities:
Current portion of long-term debt .... $ 5,228 $ 11,587 $ 232 $ — $ 17,047
Accounts payable ................. 4,624 70,901 5,623 — 81,148
Accrued expenses and other current
liabilities ...................... 38,871 195,282 10,147 — 244,300
Advertising funds restricted
liabilities ...................... — — 76,553 — 76,553
Total current liabilities ......... 48,723 277,770 92,555 — 419,048
Long-term debt ...................... 1,043,623 495,505 3,556 — 1,542,684
Due to affiliates ...................... — 108,319 — (77,511) 30,808
Deferred income ..................... — 10,888 572 — 11,460
Deferred income taxes ................. — 548,088 16,904 (86,520) 478,472
Other liabilities ...................... 5,611 142,335 9,649 — 157,595
Invested equity:
Member interest, $0.01 par value;
1,000 shares authorized, one share
issued and outstanding ........... — — — — —
Other capital .................... 2,423,459 3,244,488 199,014 (3,443,502) 2,423,459
(Accumulated deficit) retained
earnings ...................... (499,500) (537,633) 39,594 498,039 (499,500)
Advances to Wendy’s/Arby’s ........ (155,000) (155,000) — 155,000 (155,000)
Accumulated other comprehensive
income ....................... 7,671 7,671 7,970 (15,641) 7,671
Total invested equity .......... 1,776,630 2,559,526 246,578 (2,806,104) 1,776,630
Total liabilities and invested
equity .................... $2,874,587 $4,142,431 $369,814 $(2,970,135) $4,416,697
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