Wendy's 2010 Annual Report Download - page 75

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Item 8. Financial Statements and Supplementary Data.
INDEX TO CONSOLIDATED FINANCIAL STATEMENTS
Page
Glossary of Defined Terms ................................................................. 70
Wendy’s/Arby’s Group, Inc. and subsidiaries
Report of Independent Registered Public Accounting Firm ........................................ 72
Consolidated Balance Sheets as of January 2, 2011 and January 3, 2010 .............................. 73
Consolidated Statements of Operations for the years ended January 2, 2011, January 3, 2010, and
December 28, 2008 .................................................................... 74
Consolidated Statements of Stockholders’ Equity for the years ended January 2, 2011, January 3, 2010, and
December 28, 2008 .................................................................... 75
Consolidated Statements of Cash Flows for the years ended January 2, 2011, January 3, 2010, and
December 28, 2008 .................................................................... 77
Wendy’s/Arby’s Restaurants, LLC and subsidiaries
Report of Independent Registered Public Accounting Firm ........................................ 79
Consolidated Balance Sheets as of January 2, 2011 and January 3, 2010 .............................. 80
Consolidated Statements of Operations for the years ended January 2, 2011, January 3, 2010, and
December 28, 2008 .................................................................... 81
Consolidated Statements of Invested Equity for the years ended January 2, 2011, January 2, 2010, and
December 28, 2008 .................................................................... 82
Consolidated Statements of Cash Flows for the years ended January 2, 2011, January 3, 2010, and
December 28, 2008 .................................................................... 83
Wendy’s/Arby’s Group, Inc. and subsidiaries and Wendy’s/Arby’s Restaurants, LLC and subsidiaries
Notes to Consolidated Financial Statements .................................................... 85
(1) Summary of Significant Accounting Policies ............................................ 85
(2) Acquisitions and Dispositions ....................................................... 90
(3) DFR Notes ..................................................................... 93
(4) Income (Loss) Per Share ........................................................... 94
(5) Cash and Receivables ............................................................. 95
(6) Pledged Assets ................................................................... 98
(7) Investments .................................................................... 98
(8) Properties ...................................................................... 100
(9) Goodwill and Other Intangible Assets ................................................ 101
(10) Accrued Expenses ................................................................ 103
(11) Long-Term Debt ................................................................ 103
(12) Fair Value of Financial Instruments .................................................. 106
(13) Income Taxes ................................................................... 110
(14) Stockholders’ Equity .............................................................. 116
(15) Share-Based Compensation ........................................................ 116
(16) Facilities Relocation and Restructuring ................................................ 121
(17) Impairment of Long-Lived Assets .................................................... 122
(18) Investment Income (Expense), Net ................................................... 123
(19) Other Than Temporary Losses on Investments ......................................... 123
(20) Discontinued Operations .......................................................... 123
(21) Retirement Benefit Plans .......................................................... 124
(22) Lease Commitments .............................................................. 125
(23) Guarantees and Other Commitments and Contingencies .................................. 128
(24) Transactions with Related Parties .................................................... 130
(25) Legal and Environmental Matters .................................................... 135
(26) Advertising Costs and Funds ....................................................... 135
(27) Business Segments ............................................................... 136
(28) Quarterly Financial Information (Unaudited) ........................................... 140
(29) Guarantor/Non Guarantor ......................................................... 141
69