Wendy's 2014 Annual Report Download - page 84

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THE WENDY’S COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—CONTINUED
(In Thousands Except Per Share Amounts)
(5) Cash and Receivables
Year End
2014 2013
Cash and cash equivalents
Cash ...................................................... $205,826 $174,278
Cash equivalents ............................................. 61,450 405,874
$267,276 $580,152
Restricted cash equivalents
Current (a)
Collateral supporting letters of credit ............................. $ 16,843 $ 18,593
Trust for termination costs for former Wendy’s executives ............. 168 168
Other ..................................................... 160 155
$ 17,171 $ 18,916
Non-current (b)
Trust for termination costs for former Wendy’s executives ............. $ 2,068 $ 2,969
(a) Included in “Prepaid expenses and other current assets.”
(b) Included in “Other assets.”
Year End
2014 2013
Accounts and Notes Receivable
Current
Accounts receivable:
Franchisees ............................................. $51,705 $54,628
Other ................................................. 19,970 10,952
71,675 65,580
Notes receivable from franchisees (a)(b) ........................... 4,171 864
75,846 66,444
Allowance for doubtful accounts ................................. (2,488) (3,559)
$73,358 $62,885
Non-Current (c)
Notes receivable from franchisees (a) ............................. $ 4,940 $ 5,568
Allowance for doubtful accounts ................................. (250) (275)
$ 4,690 $ 5,293
(a) Includes $3,520 and $414 of notes receivable from franchisees received in connection with the sale of
company-owned restaurants, which are included in current and non-current notes receivable, respectively, as of
December 28, 2014. See Note 3 for further information.
Also, includes $266 and $2,179 of notes receivable from a franchisee in connection with the termination of our
investment in a joint venture in Japan, which are included in current and non-current notes receivable,
respectively, as of December 28, 2014 and $2,997 which was included in non-current notes receivable as of
December 29, 2013. See Note 6 for further information.
(b) Includes the current portion of direct financing lease receivables of $193 and $226 as of December 28, 2014 and
December 29, 2013, respectively. See Note 19 for further information.
(c) Included in “Other assets.”
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