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Balance Sheet 3
Finally, let's take a
look at Wendy's Restaurants. We already examined its receivable
turn earlier. You can download Wendy's Balance Sheet in PDF format from the company's website. It is reproduced below as close to its original formatting as possible.
Wendy's International, Inc. and Subsidiaries
Consolidated Balance Sheets
December 31, 2000 and January
2, 2000
|
(Dollars in thousands) |
2000 |
1999 |
|
|
|
|
|
|
|
|
|
|
$169,718 |
$210,785 |
|
|
75,960 |
71,763 |
|
|
11,832 |
7,749 |
|
|
21,503 |
19,267 |
|
|
40,086 |
40,271 |
|
|
319,099 |
349,835 |
|
Property and equipment, net |
1,497,090 |
1,389,835 |
|
|
38,932 |
35,538 |
|
Goodwill, net |
43,719 |
48,306 |
|
Deferred income taxes |
20,572 |
22,390 |
|
Other assets |
38,304 |
38,374 |
| |
$1,957,716 |
$1,883,597 |
|
Liabilities and Shareholders' Equity |
|
|
|
Current liabilities: |
1,903 |
2,309 |
|
Accounts payable |
125,564 |
126,487 |
|
Accrued expenses |
|
|
|
Salaries and wages |
34,663 |
35,214 |
|
Taxes |
50,867 |
37,577 |
|
Insurance |
38,414 |
37,061 |
|
Other |
42,965 |
43,422 |
|
Current Portion
of long-term obligations |
3,943 |
4,448 |
|
|
296,416 |
284,209 |
|
Long-term obligations |
|
|
|
Term debt |
$204,027 |
$204,788 |
|
Capital leases |
$44,357 |
$44,231 |
| |
248,384 |
249,019 |
|
Deferred income taxes |
72,750 |
69,516 |
|
Other long-term liabilities |
14,023 |
15,414 |
|
Commitments and contingencies |
|
|
|
Company-obligated mandatorily redeemable
preferred securities of subsidiary Wendy's Financing I, holding solely
Wendy's convertible Debentures |
200,000 |
200,000 |
|
Shareholders' Equity |
|
|
|
Preferred stock, Authorized: 250,000 shares |
|
|
|
Common Stock, $.10 stated value per share, Authorized: 200,000 shares,
Issued and Exchangeable: 136,188,000 and 134,856,000 shares, respectively |
12,074 |
11,941 |
|
Capital in excess of stated value |
423,144 |
398,590 |
|
Retained earnings |
1,211,015 |
1,068,883 |
|
Accumulated other comprehensive |
(27,133) |
(14,443) |
|
|
1,619,100 |
1,464,961 |
|
Treasury stock, at cost: 21,978,000 and 16,626,00 shares, respectively |
(492,957) |
(399,522) |
|
|
1,126,143 |
1,065,439 |
| |
$1,957,716 |
$1,883,597 |
Income Statements
(In thousands, except earnings per share)
|
Fifty-two weeks ended December 31, 2000 and January, 2,
2000 and fifty-three weeks ended January 3, 1999 |
2000 |
1999 |
1998
|
|
Revenues |
|
|
|
|
Retail sales |
$1,807,841 |
$1,666,438 |
$1,580,187 |
|
Franchise revenues |
429,105 |
400,620 |
362,094 |
|
|
2,236,946 |
2,067,058 |
1,942,281 |
|
|
|
|
|
|
Cost of sales |
1,140,840 |
1,046,380 |
995,966 |
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