Wendy's 2010 Annual Report Download - page 86
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WENDY’S/ARBY’S RESTAURANTS, LLC AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In Thousands Except Share Information)
January 2,
2011
January 3,
2010
ASSETS
Current assets:
Cash and cash equivalents ............................................. $ 198,686 $ 538,864
Accounts and notes receivable .......................................... 83,352 87,607
Inventories ........................................................ 22,694 23,024
Prepaid expenses and other current assets ................................. 24,032 27,837
Deferred income tax benefit ........................................... 45,067 47,556
Advertising funds restricted assets ....................................... 76,553 80,476
Total current assets .............................................. 450,384 805,364
Properties ............................................................. 1,541,853 1,607,858
Other intangible assets ................................................... 1,358,574 1,392,883
Goodwill ............................................................. 888,921 886,296
Investments ........................................................... 102,406 102,140
Notes receivable ........................................................ 12,612 13,599
Deferred costs and other assets ............................................. 61,947 55,750
Total assets .................................................... $4,416,697 $4,863,890
LIABILITIES AND INVESTED EQUITY
Current liabilities:
Current portion of long-term debt ...................................... $ 17,047 $ 16,178
Accounts payable ................................................... 81,148 95,839
Accrued expenses and other current liabilities .............................. 244,300 268,181
Advertising funds restricted liabilities .................................... 76,553 80,476
Total current liabilities ........................................... 419,048 460,674
Long-term debt ........................................................ 1,542,684 1,485,732
Due to Wendy’s/Arby’s .................................................. 30,808 42,915
Deferred income ........................................................ 11,460 13,195
Deferred income taxes ................................................... 478,472 502,979
Other liabilities ......................................................... 157,595 160,488
Commitments and contingencies
Invested equity:
Member interest, $0.01 par value; 1,000 shares authorized, one share issued and
outstanding ...................................................... — —
Other capital ...................................................... 2,423,459 2,854,775
Accumulated deficit ................................................. (499,500) (496,862)
Advances to Wendy’s/Arby’s ........................................... (155,000) (155,000)
Accumulated other comprehensive income (loss) ........................... 7,671 (5,006)
Total invested equity ............................................ 1,776,630 2,197,907
Total liabilities and invested equity .................................. $4,416,697 $4,863,890
See accompanying notes to consolidated financial statements.
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