Wendy's 2011 Annual Report Download - page 66

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Item 8. Financial Statements and Supplementary Data
INDEX TO CONSOLIDATED FINANCIAL STATEMENTS
Page
Glossary of Defined Terms ................................................................. 63
The Wendy’s Company and Subsidiaries
Report of Independent Registered Public Accounting Firm .................................... 65
Consolidated Balance Sheets as of January 1, 2012 and January 2, 2011 .......................... 66
Consolidated Statements of Operations for the years ended January 1, 2012, January 2, 2011, and
January 3, 2010 ................................................................... 67
Consolidated Statements of Stockholders’ Equity for the years ended January 1, 2012, January 2, 2011,
and January 3, 2010 ................................................................ 68
Consolidated Statements of Cash Flows for the years ended January 1, 2012, January 2, 2011, and
January 3, 2010 ................................................................... 69
Wendy’s Restaurants, LLC and Subsidiaries
Report of Independent Registered Public Accounting Firm .................................... 71
Consolidated Balance Sheets as of January 1, 2012 and January 2, 2011 .......................... 72
Consolidated Statements of Operations for the years ended January 1, 2012, January 2, 2011, and
January 3, 2010 ................................................................... 73
Consolidated Statements of Invested Equity for the years ended January 1, 2012, January 2, 2011, and
January 3, 2010 ................................................................... 74
Consolidated Statements of Cash Flows for the years ended January 1, 2012, January 2, 2011, and
January 3, 2010 ................................................................... 75
The Wendy’s Company and Subsidiaries and Wendy’s Restaurants, LLC and Subsidiaries
Notes to Consolidated Financial Statements ................................................ 77
(1) Summary of Significant Accounting Policies ......................................... 77
(2) Discontinued Operations ....................................................... 83
(3) Acquisitions and Other Dispositions ............................................... 85
(4) DFR Notes .................................................................. 85
(5) Income (Loss) Per Share ........................................................ 86
(6) Cash and Receivables .......................................................... 86
(7) Pledged Assets ................................................................ 89
(8) Investments .................................................................. 89
(9) Properties ................................................................... 92
(10) Goodwill and Other Intangible Assets .............................................. 93
(11) Accrued Expenses ............................................................. 94
(12) Long-Term Debt ............................................................. 94
(13) Fair Value of Financial Instruments ............................................... 97
(14) Income Taxes ................................................................ 100
(15) Stockholders’ Equity ........................................................... 105
(16) Share-Based Compensation ...................................................... 105
(17) Transaction Related and Other Costs .............................................. 109
(18) Merger Restructuring .......................................................... 110
(19) Impairment of Long-Lived Assets ................................................. 110
(20) Investment Income (Expense), Net ................................................ 111
(21) Other Than Temporary Losses on Investments ....................................... 111
(22) Retirement Benefit Plans ........................................................ 111
(23) Lease Commitments ........................................................... 114
(24) Guarantees and Other Commitments and Contingencies ............................... 116
(25) Transactions with Related Parties ................................................. 118
(26) Legal, Environmental and Other Matters ........................................... 122
(27) Advertising Costs and Funds ..................................................... 123
(28) Geographic Information ........................................................ 124
(29) Quarterly Financial Information (Unaudited) ........................................ 125
(30) Guarantor/Non-Guarantor ...................................................... 127
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