Wendy's 2012 Annual Report Download - page 67

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THE WENDY’S COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS—CONTINUED
(In Thousands)
Year Ended
December 30,
2012
January 1,
2012
January 2,
2011
Detail of cash flows related to investments:
Operating investment adjustments, net:
Gain on sale of investments ............................... $(27,769) $ — $ —
Income on collection of DFR Notes ......................... ——(4,909)
Other net recognized gains ................................ —(145) (292)
$ (27,769) $ (145) $ (5,201)
Investment activities, net:
Proceeds from sales of investments .......................... $ 27,949 $ 342 $ 1,810
Proceeds from repayment of DFR Notes ..................... ——30,752
Cost of securities ........................................ ——(404)
Investment in joint venture ................................ —(1,183) —
$ 27,949 $ (841) $ 32,158
Supplemental cash flow information:
Cash paid during the period for:
Interest ............................................... $110,701 $111,675 $127,753
Income taxes, net of refunds ............................... $ 10,124 $ 13,588 $ 14,262
Supplemental non-cash investing and financing activities:
Capital expenditures included in accounts payable .................. $ 22,109 $ 23,767 $ 14,985
Capitalized lease obligations ................................... $ 16,280 $ 2,341 $ 5,775
Indirect investment in Arby’s .................................. $ — $ 19,000 $ —
See accompanying notes to consolidated financial statements.
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