Wendy's 2010 Annual Report Download - page 151
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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)
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS
For the year ended December 28, 2008
Parent
Guarantor
Subsidiaries
Non-guarantor
Subsidiaries Eliminations Total
Revenues:
Sales ............................. $ — $1,612,915 $49,376 $ — $1,662,291
Franchise revenues .................. — 153,143 7,327 — 160,470
— 1,766,058 56,703 — 1,822,761
Costs and expenses:
Cost of sales ....................... — 1,369,927 45,603 — 1,415,530
General and administrative ............ — 210,777 2,384 — 213,161
Depreciation and amortization ......... — 82,979 2,079 — 85,058
Goodwill impairment ................ — 460,075 — — 460,075
Impairment of other long-lived assets .... — 9,580 — — 9,580
Facilities relocation and restructuring .... — 3,221 — — 3,221
Other operating expense (income), net . . . — 2,455 (1,803) — 652
— 2,139,014 48,263 — 2,187,277
Operating (loss) profit ............ — (372,956) 8,440 — (364,516)
Interest expense ......................... — (66,839) (86) — (66,925)
Other income (expense), net ............... — 6,809 (3,575) — 3,234
Equity in (loss) income of subsidiaries ........ (365,086) 2,962 — 362,124 —
(Loss) income before income taxes . . (365,086) (430,024) 4,779 362,124 (428,207)
Benefit from (provision for) income taxes ..... — 64,938 (1,817) — 63,121
Net (loss) income ............... $(365,086) $ (365,086) $ 2,962 $362,124 $ (365,086)
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