Consolidating Financial Information

12 Months Ended

Dec. 31, 2013

Consolidated Financial Information Disclosure [Abstract]

Consolidating Financial Information

Consolidating Financial Information

Certain of our subsidiaries have guaranteed our obligations under the Credit Facility. The following presents the condensed consolidating financial information separately for: (i) the Parent Company, the issuer of the guaranteed obligations; (ii) the Guarantor subsidiaries, on a combined basis, as specified in the Credit Agreement; (iii) the Non-guarantor subsidiaries, on a combined basis; (iv) Consolidating eliminations and reclassification; and (v) DineEquity, Inc. and Subsidiaries on a consolidated basis. Each guarantor subsidiary is 100% owned by the Parent Company at the date of each balance sheet presented. The Term Loans under the Credit Facility are fully and unconditionally guaranteed on a joint and several basis by each guarantor subsidiary. Each entity in the consolidating financial information follows the same accounting policies as described in the consolidated financial statements.

Supplemental Condensed Consolidating Balance Sheet

December 31, 2013

(In millions⁽¹⁾)

	Parent			Combined Guarantor Subsidiaries		Combined Non-guarantor Subsidiaries			Eliminations and Reclassification			Consolidated
Assets
Current Assets
Cash and cash equivalents	$	50.3		$	54.7	$	1.0		$	—		$	106.0
Receivables, net	2.0			150.0		0.1			(8.0		)	144.1
Prepaid expenses and other current assets	189.2			56.1		—			(187.7		)	57.6
Deferred income taxes	(4.1		)	28.0		—			—			23.9
Intercompany	(435.2		)	429.4		5.8						—
Total current assets	(197.8		)	718.1		7.0			(195.7		)	331.6
Long-term receivables	—			197.2		—			—			197.2
Property and equipment, net	23.5			249.7		1.0			—			274.3
Goodwill	—			697.5		—			—			697.5
Other intangible assets, net	—			794.1		—			—			794.1
Other assets, net	16.2			93.9		—			—			110.1
Investment in subsidiaries	1,697.6			—		—			(1,697.6		)	—
Total assets	$	1,539.5		$	2,750.4	$	8.0		$	(1,893.3	)	$	2,404.6
Liabilities and Stockholders' Equity
Current Liabilities
Current maturities of long-term debt	$	12.7		$	—	$	—		$	(8.0	)	$	4.7
Accounts payable	1.4			38.6		—						40.1
Accrued employee compensation and benefits	14.5			10.4		—						25.0
Gift card liability	—			172.0		—						172.0
Other accrued expenses	(13.7		)	244.1		—			(187.7		)	42.6
Total current liabilities	15.0			465.0		—			(195.7		)	284.3
Long-term debt	1,203.5			—		—						1,203.5
Financing obligations	—			48.8		—						48.8
Capital lease obligations	—			111.7		—			—			111.7
Deferred income taxes	(0.3		)	342.1		(0.3		)				341.6
Other liabilities	5.9			92.7		0.9						99.5
Total liabilities	1,224.2			1,060.4		0.6			(195.7		)	2,089.5
Total stockholders' equity	315.3			1,690.0		7.4			(1,697.6		)	315.2
Total liabilities and stockholders' equity	$	1,539.5		$	2,750.4	$	8.0		$	(1,893.3	)	$	2,404.6

⁽¹⁾ Supplemental statements presented in millions may not foot/crossfoot due to rounding from Consolidated Statements presented in thousands

Supplemental Condensed Consolidating Balance Sheet

December 31, 2012

(In millions⁽¹⁾)

	Parent			Combined Guarantor Subsidiaries		Combined Non-guarantor Subsidiaries			Eliminations and Reclassification			Consolidated
Assets
Current Assets
Cash and cash equivalents	$	9.9		$	54.0	$	0.6		$	—		$	64.5
Receivables, net	2.8			133.7		0.1			(8.0		)	128.6
Prepaid expenses and other current assets	151.3			64.6		—			(136.3		)	79.5
Deferred income taxes	(3.2		)	24.1		0.8			—			21.8
Intercompany	(394.9		)	389.0		6.0			—			—
Total current assets	(234.1		)	665.4		7.5			(144.3		)	294.5
Long-term receivables	—			212.3		—			—			212.3
Property and equipment, net	23.2			270.2		0.9			—			294.4
Goodwill	—			697.5		—			—			697.5
Other intangible assets, net	—			806.1		—			—			806.1
Other assets, net	18.4			92.3		—			—			110.7
Investment in subsidiaries	1,697.6			—		—			(1,697.6		)	—
Total assets	$	1,505.1		$	2,743.8	$	8.5		$	(1,841.9	)	$	2,415.4
Liabilities and Stockholders' Equity
Current Liabilities
Current maturities of long-term debt	$	15.4		$	—	$	—		$	(8.0	)	$	7.4
Accounts payable	1.4			29.3		0.1			—			30.8
Accrued employee compensation and benefits	9.4			13.0		—			—			22.4
Gift card liability	—			161.7		—			—			161.7
Other accrued expenses	(42.5		)	223.8		0.5			(136.3		)	45.5
Total current liabilities	(16.3		)	427.8		0.6			(144.3		)	267.8
Long-term debt	1,202.1			—		—						1,202.1
Financing obligations	—			52.0		—						52.0
Capital lease obligations	—			124.4		—			—			124.4
Deferred income taxes	4.7			357.6		(0.2		)				362.2
Other liabilities	5.6			91.9		0.7						98.2
Total liabilities	1,196.1			1,053.8		1.1			(144.3		)	2,106.6
Total stockholders' equity	309.0			1,690.0		7.4			(1,697.6		)	308.8
Total liabilities and stockholders' equity	$	1,505.1		$	2,743.8	$	8.5		$	(1,841.9	)	$	2,415.4

⁽¹⁾ Supplemental statements presented in millions may not foot/crossfoot due to rounding from Consolidated Statements presented in thousands

Supplemental Condensed Consolidating Statement of Operations

For the Year Ended December 31, 2013

(In millions⁽¹⁾)

	Parent			Combined Guarantor Subsidiaries			Combined Non-guarantor Subsidiaries			Eliminations and Reclassification			Consolidated
Franchise and restaurant revenues	$	2.8		$	498.5		$	1.2		$	—		$	502.6
Rental revenues	—			124.8			—			—			124.8
Financing revenues	—			13.1			—			—			13.1
Total revenue	2.8			636.4			1.2			—			640.5
Franchise and restaurant expenses	2.7			170.5			0.1			—			173.3
Rental expenses	—			97.3			—			—			97.3
Financing expenses	—			0.2			—			—			0.2
General and administrative expenses	38.7			103.6			1.3			—			143.6
Interest expense	98.9			1.4			—			—			100.3
Closure and impairment charges	—			1.5			0.3			—			1.8
Amortization of intangible assets	—			12.3			—			—			12.3
Loss on extinguishment of debt	0.1			—			—			—			0.1
Loss (gain) on disposition of assets	—			0.8			(1.0		)	—			(0.2		)
Other expense	1.3			—			—			—			1.3
Intercompany dividend	(173.6		)	—			—			173.6			—
Income before income taxes	34.7			248.9			0.6			(173.6		)	110.6
Benefit (provision) for income taxes	37.3			(75.9		)	—			—			(38.6		)
Net income	$	72.0		$	173.0		$	0.6		$	(173.6	)	$	72.0

⁽¹⁾ Supplemental statements presented in millions may not foot/crossfoot due to rounding from Consolidated Statements presented in thousands

Supplemental Condensed Consolidating Statement of Operations

For the Year Ended December 31, 2012

(In millions⁽¹⁾)

	Parent			Combined Guarantor Subsidiaries			Combined Non-guarantor Subsidiaries			Eliminations and Reclassification			Consolidated
Franchise and restaurant revenues	$	2.6		$	708.8		$	1.1		$	—		$	712.5
Rental revenues	—			122.9			—			—			122.9
Financing revenues	—			14.5			—			—			14.5
Total revenue	2.6			846.2			1.1			—			849.9
Franchise and restaurant expenses	2.5			356.6			0.1			—			359.2
Rental expenses	—			97.2			—			—			97.2
Financing expenses	—			1.6			—			—			1.6
General and administrative expenses	36.3			124.9			2.0			—			163.2
Interest expense	106.1			8.2			—			—			114.3
Closure and impairment charges	—			3.5			0.7			—			4.2
Amortization of intangible assets	—			12.3			—			—			12.3
Loss on extinguishment of debt	5.6			—			—			—			5.6
(Loss) gain on disposition of assets	1.2			(102.2		)	(1.6		)	—			(102.6		)
Intercompany dividend	(220.7		)	—			—			220.7			—
Income (loss) before income taxes	71.6			344.1			(0.1		)	(220.7		)	194.9
Benefit (provision) for income taxes	56.0			(123.2		)	—			—			(67.2		)
Net income (loss)	$	127.6		$	220.9		$	(0.1	)	$	(220.7	)	$	127.7

⁽¹⁾ Supplemental statements presented in millions may not foot/crossfoot due to rounding from Consolidated Statements presented in thousands

Supplemental Condensed Consolidating Statement of Operations

For the Year Ended December 31, 2011

(In millions⁽¹⁾)

	Parent			Combined Guarantor Subsidiaries			Combined Non-guarantor Subsidiaries			Eliminations and Reclassification			Consolidated
Franchise and restaurant revenues	$	2.5		$	924.8		$	2.3		$	—		$	929.5
Rental revenues	—			125.8			0.1			—			126.0
Financing revenues	—			19.7			—			—			19.7
Total revenue	2.5			1,070.3			2.4			—			1,075.2
Franchise and restaurant expenses	2.1			560.4			0.9			—			563.4
Rental expenses	—			98.1			0.1			—			98.2
Financing expenses	—			6.0			—			—			6.0
General and administrative expenses	28.3			125.3			2.2			—			155.8
Interest expense	117.2			15.5			—			—			132.7
Closure and impairment charges	—			29.5			0.4			—			29.9
Amortization of intangible assets	—			12.3			—			—			12.3
Loss on extinguishment of debt	11.2			—			—			—			11.2
Gain on disposition of assets	—			(43.3		)	—			—			(43.3		)
Other (income) expense	(150.6		)	21.2			(1.7		)	135.1			4.0
Income (loss) before taxes	(5.7		)	245.3			0.5			(135.1		)	105.0
Benefit (provision) for income taxes	61.3			(90.9		)	(0.2		)	—			(29.8		)
Net income	$	55.6		$	154.4		$	0.3		$	(135.1	)	$	75.2

⁽¹⁾ Supplemental statements presented in millions may not foot/crossfoot due to rounding from Consolidated Statements presented in thousands

Supplemental Condensed Consolidating Statement of Cash Flows

For the Year Ended December 31, 2013

(In millions⁽¹⁾)

	Parent			Combined Guarantor Subsidiaries			Combined Non- guarantor Subsidiaries		Eliminations and Reclassification		Consolidated
Cash flows provided by (used in) operating activities	$	(113.1	)	$	240.8		$	0.1	$	—	$	127.8
Investing cash flows
Additions to property and equipment	(5.4		)	(1.7		)	—		—		(7.0		)
Principal receipts from long-term receivables	—			14.0			—		—		14.0
Proceeds from sale of assets	—			—			—		—		—
Other	—			0.1			—		—		0.1
Cash flows provided by (used in) investing activities	(5.4		)	12.4			—		—		7.0
Financing cash flows
Payment of debt	(4.8		)	(10.0		)	—		—		(14.8		)
Payment of debt issuance costs	(1.3		)	—			—		—		(1.3		)
Purchase of DineEquity common stock	(29.7		)	—			—		—		(29.7		)
Dividends paid on common stock	(57.4		)	—			—		—		(57.4		)
Restricted cash	—			1.2			—		—		1.2
Other	8.3			0.3			—		—		8.6
Intercompany transfers	243.7			(244.1		)	0.4		—		—
Cash flows provided by (used in) financing activities	158.8			(252.5		)	0.4		—		(93.3		)
Net change	40.4			0.7			0.4		—		41.5
Beginning cash and equivalents	9.9			54.0			0.6		—		64.5
Ending cash and equivalents	$	50.3		$	54.7		$	1.0	$	—	$	106.0

⁽¹⁾ Supplemental statements presented in millions may not foot/crossfoot due to rounding from Consolidated Statements presented in thousands

Supplemental Condensed Consolidating Statement of Cash Flows

For the Year Ended December 31, 2012

(In millions⁽¹⁾)

	Parent			Combined Guarantor Subsidiaries			Combined Non- guarantor Subsidiaries			Eliminations and Reclassification		Consolidated
Cash flows provided by (used in) operating activities	$	(130.1	)	$	182.5		$	0.4		$	—	$	52.9
Investing cash flows
Additions to property and equipment	(4.9		)	(12.0		)	—			—		(17.0		)
Principal receipts from long-term receivables	—			12.2			—			—		12.2
Proceeds from sale of assets	—			168.9			—			—		168.9
Other	—			1.2			—			—		1.2
Cash flows provided by (used in) investing activities	(4.9		)	170.3			—			—		165.4
Financing cash flows
Revolving credit borrowings	50.0			—			—			—		50.0
Revolving credit repayments	(50.0		)	—			—			—		(50.0		)
Payment of debt	(216.0		)	(10.9		)	—			—		(226.9		)
Payment of debt issuance costs	—			—			—			—		—
Purchase of DineEquity common stock	—			—			—			—		—
Restricted cash	—			(0.7		)	—			—		(0.7		)
Other	11.8			1.4			—			—		13.2
Intercompany transfers	339.2			(339.0		)	(0.2		)	—		—
Cash flows provided by (used in) financing activities	135.0			(349.2		)	(0.2		)	—		(214.5		)
Net change	—			3.6			0.2			—		3.8
Beginning cash and equivalents	9.9			50.4			0.4			—		60.7
Ending cash and equivalents	$	9.9		$	54.0		$	0.6		$	—	$	64.5

⁽¹⁾ Supplemental statements presented in millions may not foot/crossfoot due to rounding from Consolidated Statements presented in thousands

Supplemental Condensed Consolidating Statement of Cash Flows

For the Year Ended December 31, 2011

(In millions⁽¹⁾)

	Parent			Combined Guarantor Subsidiaries			Combined Non- guarantor Subsidiaries			Eliminations and Reclassification		Consolidated
Cash flows provided by (used in) operating activities	$	(139.4	)	$	261.4		$	(0.3	)	$	—	$	121.7
Investing cash flows
Additions to property and equipment	(6.7		)	(19.6		)	—			—		(26.3		)
Principal receipts from long-term receivables	—			13.1			—			—		13.1
Proceeds from sale of assets	—			115.6			—			—		115.6
Other	—			(0.7		)	—			—		(0.8		)
Cash flows provided by (used in) investing activities	(6.7		)	108.4			—			—		101.7
Financing cash flows
Revolving credit borrowings	40.0			—			—			—		40.0
Revolving credit repayments	(40.0		)	—			—			—		(40.0		)
Payment of debt	(225.7		)	(13.4		)	—			—		(239.1		)
Payment of debt issuance costs	(12.3		)	—			—			—		(12.3		)
Purchase of DineEquity common stock	(21.2		)	—			—			—		(21.2		)
Restricted cash	—			0.5			—			—		0.5
Other	6.2			0.9			—			—		7.1
Intercompany transfers	385.6			(384.7		)	(0.9		)	—		—
Cash flows provided by (used in) financing activities	132.6			(396.7		)	(0.9		)	—		(265.0		)
Net change	(13.5		)	(26.9		)	(1.2		)	—		(41.6		)
Beginning cash and equivalents	23.4			77.3			1.6			—		102.3
Ending cash and equivalents	$	9.9		$	50.4		$	0.4		$	—	$	60.7

⁽¹⁾ Supplemental statements presented in millions may not foot/crossfoot due to rounding from Consolidated Statements presented in thousands