Parent Financial Statements Parent Financial Statements (Notes)

12 Months Ended

Dec. 30, 2012

Schedule I - Parent Financial Statements [Abstract]

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

THE WENDY’S COMPANY (PARENT COMPANY ONLY)

CONDENSED BALANCE SHEETS

(In Thousands)

	December 30, 2012			January 1, 2012
ASSETS
Current assets:
Cash and cash equivalents	$	102,652		$	128,441
Amounts due from subsidiaries	71,688			86,965
Other current assets	26,328			9,876
Total current assets	200,668			225,282
Investments in consolidated subsidiaries	1,839,344			1,814,310
Properties	6,102			4
Deferred income tax benefit and other	42,692			64,088
Total assets	$	2,088,806		$	2,103,684
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Amounts due to subsidiaries	$	92,384		$	88,531
Current portion of long-term debt (a)	—			1,460
Deferred income taxes and other current liabilities	2,067			2,456
Total current liabilities	94,451			92,447
Long-term debt (a)	—			9,843
Other liabilities	8,500			5,325
Stockholders’ equity:
Common stock, $0.10 par value; 1,500,000 shares authorized;      470,424 shares issued	47,042			47,042
Additional paid-in capital	2,782,765			2,779,871
Accumulated deficit	(467,007		)	(434,999		)
Common stock held in treasury, at cost	(382,926		)	(395,947		)
Accumulated other comprehensive income	5,981			102
Total stockholders’ equity	1,985,855			1,996,069
Total liabilities and stockholders’ equity	$	2,088,806		$	2,103,684

_____________________

(a) Consisted of a 6.54% term loan on our company-owned aircraft in the amount of $11,303 at January 1, 2012.

THE WENDY’S COMPANY (PARENT COMPANY ONLY)

CONDENSED STATEMENTS OF OPERATIONS

(In Thousands)

	Year Ended
	December 30, 2012			January 1, 2012			January 2, 2011
Income:
Equity in income from continuing operations of subsidiaries	$	29,708		$	21,115		$	20,261
Investment income	—			—			4,913
	29,708			21,115			25,174
Costs and expenses:
General and administrative	10,911			10,476			8,087
Depreciation and amortization	1,975			627			1,863
Impairment of long-lived assets	1,628			—			—
Facilities relocation costs and other transactions	5,327			1,234			—
Other expense (income), net	953			960			(517		)
	20,794			13,297			9,433
Income from continuing operations before income taxes	8,914			7,818			15,741
(Provision for) benefit from income taxes	(3,340		)	10,094			2,370
Income from continuing operations	5,574			17,912			18,111
Equity in income (loss) from discontinued operations of subsidiaries	1,509			(8,037		)	(22,436		)
Net income (loss)	$	7,083		$	9,875		$	(4,325	)

THE WENDY’S COMPANY (PARENT COMPANY ONLY)

CONDENSED STATEMENTS OF COMPREHENSIVE INCOME

(In Thousands)

	Year Ended
	December 30, 2012			January 1, 2012			January 2, 2011
Net income (loss)	$	7,083		$	9,875		$	(4,325	)
Other comprehensive income (loss), net:
Foreign currency translation adjustment	6,096			(6,869		)	12,666
Change in unrecognized pension loss, net of income tax benefit (provision) of $127, $(21), and $(54), respectively	(217		)	(46		)	95
Change in unrealized gain on available-for-sale securities, net of income tax benefit of $41	—			—			(59		)
Other comprehensive income (loss), net	5,879			(6,915		)	12,702
Comprehensive income	$	12,962		$	2,960		$	8,377

THE WENDY’S COMPANY (PARENT COMPANY ONLY)

CONDENSED STATEMENTS OF CASH FLOWS

(In Thousands)

	Year Ended
	December 30, 2012			January 1, 2012			January 2, 2011
Cash flows from operating activities:
Net income (loss)	$	7,083		$	9,875		$	(4,325	)
Adjustments to reconcile net income (loss) to net cash provided by      operating activities:
Equity in (income) loss from operations of subsidiaries	(31,217		)	(13,078		)	2,175
Other operating transactions with Wendy’s Restaurants, LLC	28,733			6,031			8,032
Depreciation and amortization	3,078			627			1,863
Impairment of long-lived assets	1,628			—			—
Share-based compensation	944			1,021			914
Tax sharing payments received from subsidiaries	37			13,078			—
Amortization of deferred financing costs	21			—			—
Deferred income tax	(4,118		)	(10,094		)	(4,027		)
Income on collection of notes receivable	—			—			(4,909		)
Tax sharing receivable from subsidiaries, net	—			(2,437		)	(1,052		)
Dividends from subsidiaries	—			—			443,700
Other, net	1,753			(1,547		)	8
Changes in operating assets and liabilities:
Other current assets	(472		)	491			231
Other current liabilities	8,643			(2,332		)	(4,033		)
Net cash provided by operating activities	16,113			1,635			438,577
Cash flows from investing activities:
Net repayments from subsidiaries	—			377			987
Proceeds from repayment of DFR notes	—			—			30,752
Other, net	686			—			205
Net cash provided by investing activities	686			377			31,944
Cash flows from financing activities:
Repayments of long-term debt	(11,303		)	(1,368		)	(8,330		)
Repurchases of common stock	—			(157,556		)	(173,537		)
Dividends	(39,043		)	(32,366		)	(27,621		)
Proceeds from stock option exercises	7,806			6,359			1,444
Other, net	(48		)	(2,262		)	(828		)
Net cash used in financing activities	(42,588		)	(187,193		)	(208,872		)
Net (decrease) increase in cash and cash equivalents	(25,789		)	(185,181		)	261,649
Cash and cash equivalents at beginning of year	128,441			313,622			51,973
Cash and cash equivalents at end of year	$	102,652		$	128,441		$	313,622