Wendy's 2012 Annual Report Download - page 32

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Item 6.Selected Financial Data.
Year Ended (1) (2)
December 30,
2012
January 1,
2012
January 2,
2011
January 3,
2010
December 28,
2008 (3)
(In Millions, except per share amounts)
Sales ................................... $2,198.3 $2,126.6 $2,079.1 $2,134.2 $ 530.8
Franchise revenues ........................ 306.9 304.8 296.3 302.9 74.6
Revenues ................................ 2,505.2 2,431.4 2,375.4 2,437.1 605.4
Operating profit (loss) ..................... 122.7(7) 137.1(8) 150.4(9) 97.6(10) (32.4)
Income (loss) from continuing operations ....... 8.0(7) 17.9(8) 18.1(9) 5.4 (10) (128.1)(11)
Income (loss) from discontinued operations (4) . . 1.5 (8.0) (22.4) (0.3) (351.6)
Net income (loss) ......................... 7.1(7) 9.9(8) (4.3)(9) 5.1 (10) (479.7)(11)
Basic and diluted income (loss) per share (5):
Continuing operations:
Common stock ....................... .02 .04 .04 .01 (.81)
Class B common stock ................. N/A N/A N/A N/A (.33)
Discontinued operations:
Common stock ....................... — (.02) (.05) — (2.24)
Class B common stock ................. N/A N/A N/A N/A (.91)
Net income (loss) .......................
Common stock ....................... .02 .02 (.01) .01 (3.05)
Class B common stock ................. N/A N/A N/A N/A (1.24)
Cash dividends per share:
Common stock ......................... .10 .08 .07 .06 .26
Class B common stock ................... N/A N/A N/A N/A .26
Weighted average diluted shares outstanding (6):
Common stock ......................... 392.1 407.2 427.2 466.7 137.7
Class B common stock ................... N/A N/A N/A N/A 48.0
December 30,
2012
January 1,
2012
January 2,
2011
January 3,
2010
December 28,
2008 (3)
(In Millions)
Working capital (deficiency) ................. $ 423.0 $ 398.7 $ 333.3 $ 403.8 $ (121.7)
Properties ............................... 1,250.3 1,192.2 1,551.3 1,619.2 1,770.4
Total assets .............................. 4,303.2 4,289.1 4,732.7 4,975.4 4,645.6
Long-term debt, including current portion ...... 1,457.6 1,357.0 1,572.4 1,522.9 1,111.6
Stockholders’ equity ....................... 1,985.9 1,996.1 2,163.2 2,336.3 2,383.4
(1) The Wendy’s Company reports on a fiscal year consisting of 52 or 53 weeks ending on the Sunday closest to
December 31. Except for the 2009 fiscal year, which contained 53 weeks, each of The Wendy’s Company’s fiscal
years presented above contained 52 weeks. All references to years relate to fiscal years rather than calendar years.
The financial position and results of operations for Wendy’s are included commencing with the Wendy’s merger
on September 29, 2008. Immediately prior to this merger, each share of our Class B common stock was
converted into Class A common stock on a one for one basis. In connection with the May 28, 2009 amendment
and restatement of The Wendy’s Company’s Certificate of Incorporation, The Wendy’s Company’s former
Class A common stock is now referred to as “Common Stock.”
(2) On July 4, 2011, Wendy’s Restaurants completed the sale of 100% of the common stock of its then wholly
owned subsidiary, Arby’s Restaurant Group, Inc. (“Arby’s”). Arby’s operating results for all periods presented
through its July 4, 2011 date of sale are classified as discontinued operations. Balance sheet information for all
periods prior to January 1, 2012 includes Arby’s.
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