Wendy's 2012 Annual Report Download - page 63
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THE WENDY’S COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(In Thousands Except Per Share Amounts)
Year Ended
December 30,
2012
January 1,
2012
January 2,
2011
Revenues:
Sales .................................................. $2,198,323 $2,126,544 $2,079,081
Franchise revenues ....................................... 306,919 304,814 296,358
2,505,242 2,431,358 2,375,439
Costs and expenses:
Cost of sales ............................................ 1,881,248 1,816,109 1,756,954
General and administrative ................................. 287,808 292,390 311,511
Depreciation and amortization .............................. 146,976 122,992 126,846
Impairment of long-lived assets .............................. 21,097 12,883 26,326
Facilities relocation costs and other transactions ................. 41,031 45,711 —
Other operating expense, net ............................... 4,335 4,152 3,357
2,382,495 2,294,237 2,224,994
Operating profit ................................. 122,747 137,121 150,445
Interest expense ............................................. (98,604) (114,110) (118,385)
Loss on early extinguishment of debt ............................. (75,076) — (26,197)
Investment income, net ....................................... 36,243 484 5,259
Other income, net ........................................... 1,565 945 2,434
(Loss) income from continuing operations before income taxes
and noncontrolling interests .......................... (13,125) 24,440 13,556
Benefit from (provision for) income taxes .......................... 21,083 (6,528) 4,555
Income from continuing operations ...................... 7,958 17,912 18,111
Discontinued operations:
Income (loss) from discontinued operations, net of income taxes .... 1,951 762 (22,436)
Loss on disposal of discontinued operations, net of income taxes .... (442) (8,799) —
Net income (loss) from discontinued operations ............. 1,509 (8,037) (22,436)
Net income (loss) ................................ 9,467 9,875 (4,325)
Net income attributable to noncontrolling interests ...... (2,384) — —
Net income (loss) attributable to The Wendy’s
Company ................................ $ 7,083 $ 9,875 $ (4,325)
Basic and diluted income (loss) per share attributable to The Wendy’s
Company:
Continuing operations .................................... $ .02 $ .04 $ .04
Discontinued operations ................................... — (.02) (.05)
Net income (loss) ........................................ $ .02 $ .02 $ (.01)
Dividends per share .......................................... $ .10 $ .08 $ .07
See accompanying notes to consolidated financial statements.
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