Wendy's 2014 Annual Report Download - page 68
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THE WENDY’S COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS—CONTINUED
(In Thousands)
Year Ended
December 28,
2014
December 29,
2013
December 30,
2012
Detail of cash flows from operating activities:
Impairment:
System Optimization Remeasurement .................... $ 8,628 $ 20,506 $ —
Impairment of long-lived assets ......................... 10,985 15,879 21,097
Impairment of goodwill ............................... — 9,397 —
$ 19,613 $ 45,782 $ 21,097
(Gain) loss on dispositions, net:
Gain on sales of restaurants, net ......................... $ (69,631) $ (46,667) $ —
Gain on disposal of assets, net .......................... (21,948) (4,705) —
Loss on disposal of Arby’s ............................. — — 442
Loss on disposal of the Japan JV ........................ — 1,658 —
$ (91,579) $ (49,714) $ 442
Detail of cash flows from investing activities:
Investment activities, net:
Proceeds from sales of investments ....................... $ 2,193 $ 2,691 $ 27,949
Payments for cost method investment .................... (1,150) — —
Dividend from Arby’s ................................ — 19,000 —
$ 1,043 $ 21,691 $ 27,949
Supplemental cash flow information:
Cash paid for:
Interest ........................................... $ 52,357 $ 64,749 $ 110,701
Income taxes, net of refunds ........................... $ 15,826 $ 6,948 $ 10,124
Supplemental non-cash investing and financing activities:
Capital expenditures included in accounts payable .............. $ 45,409 $ 41,713 $ 22,109
Capitalized lease obligations ............................... $ 22,255 $ 10,767 $ 16,280
Notes receivable ......................................... $ 3,934 $ — $ —
See accompanying notes to consolidated financial statements.
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