Wendy's 2010 Annual Report Download - page 149

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 3, 2010
Parent
Guarantor
Subsidiaries
Non-guarantor
Subsidiaries Eliminations Total
ASSETS
Current assets:
Cash and cash equivalents .......... $ 237,607 $ 268,762 $ 32,495 $ — $ 538,864
Accounts and notes receivable ....... 29 84,291 3,287 — 87,607
Inventories ...................... — 21,870 1,154 — 23,024
Prepaid expenses and other current
assets ........................ 4,918 22,320 599 — 27,837
Deferred income tax benefit ......... 14,160 33,204 192 — 47,556
Advertising funds restricted assets ..... — — 80,476 — 80,476
Total current assets ............ 256,714 430,447 118,203 — 805,364
Properties ........................... 10,621 1,533,633 63,574 — 1,607,858
Other intangible assets ................. 18,026 1,346,725 28,132 — 1,392,883
Goodwill ........................... — 841,156 45,140 — 886,296
Investments ......................... — 4,664 97,476 — 102,140
Notes receivable ...................... — 13,599 — — 13,599
Deferred costs and other assets ........... 19,966 35,098 686 — 55,750
Net investment in subsidiaries ........... 2,371,674 236,447 — (2,608,121) —
Deferred income tax benefit ............. 79,325 — 92 (79,417) —
Due from affiliates .................... 45,415 — 15,188 (60,603) —
Total assets .................. $2,801,741 $4,441,799 $368,491 $(2,748,141) $4,863,890
LIABILITIES AND INVESTED EQUITY
Current liabilities:
Current portion of long-term debt .... $ 216 $ 15,761 $ 201 $ — $ 16,178
Accounts payable ................. 5,665 83,762 6,412 — 95,839
Accrued expenses and other current
liabilities ...................... 40,459 217,281 10,441 — 268,181
Advertising funds restricted
liabilities ...................... — — 80,476 — 80,476
Total current liabilities ......... 46,340 316,804 97,530 — 460,674
Long-term debt ...................... 552,146 930,776 2,810 — 1,485,732
Due to affiliates ...................... — 103,518 — (60,603) 42,915
Deferred income ..................... — 12,494 701 — 13,195
Deferred income taxes ................. — 561,237 21,159 (79,417) 502,979
Other liabilities ...................... 5,348 145,296 9,844 — 160,488
Invested equity:
Member interest, $0.01 par value;
1,000 shares authorized, one share
issued and outstanding ........... — — — — —
Other capital .................... 2,854,775 3,091,081 210,230 (3,301,311) 2,854,775
(Accumulated deficit) retained
earnings ...................... (496,862) (559,401) 30,913 528,488 (496,862)
Advances to Wendy’s/Arby’s ........ (155,000) (155,000) — 155,000 (155,000)
Accumulated other comprehensive
loss .......................... (5,006) (5,006) (4,696) 9,702 (5,006)
Total invested equity .......... 2,197,907 2,371,674 236,447 (2,608,121) 2,197,907
Total liabilities and invested
equity .................... $2,801,741 $4,441,799 $368,491 $(2,748,141) $4,863,890
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