Wendy's 2013 Annual Report Download - page 70

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THE WENDY’S COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS—CONTINUED
(In Thousands)
Year Ended
December 29,
2013
December 30,
2012
January 1,
2012
Detail of cash flows from operating activities:
Impairment:
Impairment of long-lived assets ........................... $15,879 $ 21,097 $ 14,441
Impairment of goodwill ................................. 9,397 — —
System Optimization Remeasurement ...................... 20,506 — —
$ 45,782 $ 21,097 $ 14,441
(Gain) loss on dispositions, net:
Gain on sales of restaurants, net ........................... $(46,667) $ — $ —
Gain on disposal of assets, net ............................ (4,705) — —
Loss on disposal of Arby’s ............................... — 442 8,799
Loss on disposal of the Japan JV .......................... 1,658 — —
$(49,714) $ 442 $ 8,799
Detail of cash flows from investing activities:
Investment activities, net:
Proceeds from sales of investments ......................... $ 2,691 $ 27,949 $ 342
Dividend from Arby’s .................................. 19,000 — —
Investment in joint venture .............................. — — (1,183)
$ 21,691 $ 27,949 $ (841)
Supplemental cash flow information:
Cash paid for:
Interest ............................................. $64,749 $110,701 $111,675
Income taxes, net of refunds ............................. $ 6,948 $ 10,124 $ 13,588
Supplemental non-cash investing and financing activities:
Capital expenditures included in accounts payable ................. $41,713 $ 22,109 $ 23,767
Capitalized lease obligations .................................. $10,767 $ 16,280 $ 2,341
Indirect investment in Arby’s ................................. $ — $ — $ 19,000
See accompanying notes to consolidated financial statements.
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