Wendy's 2014 Annual Report Download - page 32

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Item 6. Selected Financial Data.
The following selected financial data has been derived from our consolidated financial statements. The data set
forth below should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and
Results of Operations” and our consolidated financial statements and notes thereto.
Year Ended (1) (2)
December 28,
2014
December 29,
2013
December 30,
2012
January 1,
2012
January 2,
2011
(In millions, except per share amounts)
Sales (3) ................................... $1,670.3 $2,165.8 $2,198.3 $2,126.6 $2,079.1
Franchise revenues (3) ......................... 390.8 321.6 306.9 304.8 296.3
Revenues ................................... 2,061.1 2,487.4 2,505.2 2,431.4 2,375.4
Cost of sales (3) ............................. 1,400.8 1,839.7 1,881.2 1,816.1 1,757.0
Facilities action (income) charges, net (4) .......... (29.1) 10.9 41.0 45.7 —
Impairment of long-lived assets (5) ............... 11.0 15.9 21.1 12.9 26.3
Impairment of goodwill (6) ..................... — 9.4 — — —
Operating profit ............................. 251.5 135.1 122.7 137.1 150.4
Loss on early extinguishment of debt (7) ........... — (28.6) (75.1) — (26.2)
Investment income, net (8) ..................... 1.2 23.6 36.3 0.5 5.3
Income from continuing operations .............. 121.4 44.9 8.0 17.9 18.1
Net (loss) income from discontinued operations (9) . . — (0.3) 1.5 (8.0) (22.4)
Net loss (income) attributable to noncontrolling
interests (10) .............................. — 0.9 (2.4) — —
Net income (loss) attributable to The Wendy’s
Company ................................ $ 121.4 $ 45.5 $ 7.1 $ 9.9 $ (4.3)
Basic income (loss) per share attributable to
The Wendy’s Company:
Continuing operations .................... $ .33 $ .12 $ .02 $ .04 $ .04
Discontinued operations ................... — — — (.02) (.05)
Net income (loss) ........................ $ .33 $ .12 $ .02 $ .02 $ (.01)
Diluted income (loss) per share attributable to
The Wendy’s Company:
Continuing operations .................... $ .32 $ .11 $ .02 $ .04 $ .04
Discontinued operations ................... — — — (.02) (.05)
Net income (loss) ........................ $ .32 $ .11 $ .02 $ .02 $ (.01)
Dividends per share .......................... $ .21 $ .18 $ .10 $ .08 $ .07
Weighted average diluted shares outstanding ....... 376.2 398.7 392.1 407.2 427.2
December 28,
2014
December 29,
2013
December 30,
2012
January 1,
2012
January 2,
2011
(In millions)
Working capital ............................. $ 221.9 $ 572.9 $ 423.0 $ 398.7 $ 333.3
Properties .................................. 1,271.2 1,165.5 1,250.3 1,192.2 1,551.3
Total assets ................................. 4,145.8 4,363.0 4,303.2 4,289.1 4,732.7
Long-term debt, including current portion ......... 1,448.1 1,463.8 1,457.6 1,357.0 1,572.4
Stockholders’ equity .......................... $1,717.6 $1,929.5 $1,985.9 $1,996.1 $2,163.2
(1) The Wendy’s Company reports on a fiscal year consisting of 52 or 53 weeks ending on the Sunday closest to
December 31. 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.
(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 the period prior to January 1, 2012 includes Arby’s.
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