Wendy's 2011 Annual Report Download - page 76
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WENDY’S RESTAURANTS, LLC AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In Thousands)
January 1,
2012
January 2,
2011
ASSETS
Current assets:
Cash and cash equivalents ............................................. $ 346,648 $ 198,686
Accounts and notes receivable .......................................... 67,453 83,352
Inventories ........................................................ 12,903 22,694
Prepaid expenses and other current assets ................................. 18,408 24,032
Deferred income tax benefit ........................................... 94,963 45,067
Advertising funds restricted assets ....................................... 69,672 76,553
Total current assets .............................................. 610,047 450,384
Properties ............................................................. 1,192,196 1,541,853
Goodwill ............................................................. 875,708 888,921
Other intangible assets ................................................... 1,304,288 1,358,574
Investments ........................................................... 114,651 102,406
Deferred costs and other assets ............................................. 66,827 74,559
Total assets .................................................... $4,163,717 $4,416,697
LIABILITIES AND INVESTED EQUITY
Current liabilities:
Current portion of long-term debt ...................................... $ 5,137 $ 17,047
Accounts payable ................................................... 80,986 81,148
Accrued expenses and other current liabilities .............................. 212,150 244,300
Advertising funds restricted liabilities .................................... 69,672 76,553
Total current liabilities ........................................... 367,945 419,048
Long-term debt ........................................................ 1,340,559 1,542,684
Due to parent .......................................................... 15,368 30,808
Deferred income ........................................................ 6,523 11,460
Deferred income taxes ................................................... 537,689 478,472
Other liabilities ......................................................... 95,969 157,595
Commitments and contingencies
Invested equity:
Member interest, $0.01 par value; 1,000 shares authorized, one share issued and
outstanding ...................................................... — —
Other capital ...................................................... 2,440,130 2,423,459
Accumulated deficit ................................................. (486,567) (499,500)
Advances to parent .................................................. (155,000) (155,000)
Accumulated other comprehensive income ................................ 1,101 7,671
Total invested equity ............................................ 1,799,664 1,776,630
Total liabilities and invested equity .................................. $4,163,717 $4,416,697
See accompanying notes to consolidated financial statements.
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