← Wendy's Co
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net income | $161.1m | $129.6m | $460.1m | $136.9m | — | $117.8m | $200.4m | $177.4m | $194.4m | $165.1m | |
| Net Income From Continuing Operations | — | — | — | — | — | — | $177.4m | $204.4m | $194.4m | $165.1m | |
| Net Income (Loss) Attributable to Parent | $161.1m | $194.0m | $460.1m | $136.9m | $117.8m | $200.4m | $200.4m | $204.4m | $194.4m | $165.1m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | $194.0m | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | $0 | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | $0 | — | — | — | — | — | — | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | — | — | |
| Depreciation, Depletion and Amortization | — | $125.7m | $128.9m | $131.7m | $132.8m | $125.5m | $133.4m | $135.8m | $143.2m | $152.2m | |
| Amortization of Debt Issuance Costs | — | $7.9m | $5.9m | $5.5m | $5.6m | $5.7m | — | $6.8m | $6.8m | $6.8m | |
| Amortization of Intangible Assets | — | $47.3m | $52.1m | $53.2m | $52.6m | $55.2m | — | $59.4m | $62.3m | $62.6m | |
| Amortization Cash Flow | — | — | — | — | — | — | $2.4m | $12.8m | $14.7m | $18.6m | |
| Amortization Of Intangibles | — | — | — | — | — | — | $2.4m | $12.8m | $14.7m | $18.6m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $135.8m | $148.6m | $157.9m | $170.9m | |
| Deferred Income Tax Expense (Benefit) | $89.0m | ($119.3m) | ($6.6m) | $837k | $10.3m | ($13.8m) | ($13.8m) | ($807k) | ($5.5m) | $23.5m | |
| Deferred Income Tax | — | — | — | — | — | — | $4.3m | ($807k) | ($5.5m) | $23.5m | |
| Deferred Tax | — | — | — | — | — | — | $4.3m | ($807k) | ($5.5m) | $23.5m | |
| Share-based Payment Arrangement, Noncash Expense | — | $20.9m | $17.9m | $18.7m | $18.9m | $22.0m | — | $23.7m | $23.0m | $14.6m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $5.7m | $11.8m | $8.8m | $5.6m | $4.5m | $4.5m | $3.9m | $4.5m | $2.8m | |
| Share-based Payment Arrangement, Expense | — | $20.9m | $17.9m | $18.7m | $18.9m | $22.0m | — | $23.7m | $23.0m | $14.6m | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | — | $471k | $0 | — | — | — | — | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | — | — | — | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | $52k | — | — | — | — | — | — | — | — | |
| Asset Impairment Charge | — | — | — | — | — | — | $6.4m | $1.4m | $9.7m | $12.1m | |
| Gain (Loss) on Extinguishment of Debt | — | $0 | ($11.5m) | ($8.5m) | $0 | ($17.9m) | — | $2.3m | $0 | ($642k) | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | ($39.1m) | $463k | $1.3m | $3.1m | $33.5m | — | $880k | $1.2m | $1.0m | |
| Income (Loss) from Equity Method Investments | — | — | — | $8.7m | $6.1m | $11.2m | — | — | — | — | |
| Income Tax Expense (Benefit) | — | ($93.0m) | $114.8m | $34.5m | $35.0m | $40.2m | — | $75.0m | $78.1m | $62.2m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $123.9m | $126.5m | |
| Operating Lease, Lease Income | — | — | — | $233.1m | $232.6m | $236.7m | — | — | — | — | |
| Other Nonoperating Income (Expense) | — | $1.6m | $5.4m | $7.8m | $1.4m | $681k | — | $29.6m | $24.9m | $12.6m | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | ($9.4m) | ($10.8m) | ($11.6m) | ($11.2m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | — | $17.3m | ($13.2m) | ($16.9m) | $16.2m | $5.6m | — | ($430k) | $5.2m | $19.2m | |
| Increase (Decrease) in Inventories | — | $305k | $434k | $163k | $841k | $872k | — | ($439k) | ($138k) | $473k | |
| Increase (Decrease) in Accounts Payable | — | ($2.3m) | ($145k) | $1.1m | $1.6m | $7.6m | — | ($8.8m) | $1.0m | ($8.9m) | |
| Accounts Receivable, Credit Loss Expense (Reversal) | — | $579k | $2.6m | $3.3m | $853k | ($148k) | — | $534k | $3.7m | $15.0m | |
| Proceeds from Stock Options Exercised | — | $12.9m | $45.2m | $28.3m | $23.4m | $30.0m | — | $14.7m | $32.9m | $1.9m | |
| Accretion Expense | — | $1.2m | $1.3m | $1.3m | $1.2m | $1.2m | — | $755k | $675k | $657k | |
| General and Administrative Expense | — | $208.6m | $217.5m | $200.2m | $206.9m | $243.0m | — | $250.0m | $255.2m | $252.7m | |
| Goodwill | — | $743.3m | $747.9m | $755.9m | $751.0m | $775.3m | — | $773.7m | $771.5m | $774.1m | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | $206k | ($335k) | — | ($414k) | $1.0m | $1.1m | |
| Beginning Cash Position | — | — | — | — | — | — | $367.0m | $831.8m | $588.8m | $503.6m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $288.7m | ($504.3m) | ($303.1m) | ($344.0m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($77.8m) | ($86.5m) | ($129.3m) | ($150.8m) | |
| Change In Account Payable | — | — | — | — | — | — | ($1.5m) | ($8.8m) | $1.0m | ($8.9m) | |
| Change In Accrued Expense | — | — | — | — | — | — | ($12.8m) | $4.0m | $5.1m | ($17.6m) | |
| Change In Inventory | — | — | — | — | — | — | ($1.2m) | $439k | $138k | ($473k) | |
| Change In Other Working Capital | — | — | — | — | — | — | ($30.5m) | ($18.2m) | ($20.7m) | ($4.0m) | |
| Change In Payable | — | — | — | — | — | — | ($1.5m) | ($8.8m) | $1.0m | ($8.9m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | ($14.3m) | ($4.9m) | $6.2m | ($26.6m) | |
| Change In Prepaid Assets | — | — | — | — | — | — | $6.8m | ($672k) | ($1.8m) | ($1.3m) | |
| Change In Receivables | — | — | — | — | — | — | ($5.9m) | $430k | ($5.2m) | ($19.2m) | |
| Change In Working Capital | — | — | — | — | — | — | ($45.1m) | ($22.9m) | ($21.4m) | ($51.6m) | |
| Changes In Cash | — | — | — | — | — | — | $470.8m | ($245.4m) | ($77.1m) | ($150.3m) | |
| End Cash Position | — | — | — | — | — | — | $831.8m | $588.8m | $503.6m | $357.7m | |
| Financing Cash Flow | — | — | — | — | — | — | $288.7m | ($504.3m) | ($303.1m) | ($344.0m) | |
| Free Cash Flow | — | — | — | — | — | — | $174.4m | $260.4m | $260.9m | $242.6m | |
| Gain Loss On Investment Securities | — | — | — | — | — | ($63k) | — | ($31k) | — | — | |
| Investing Cash Flow | — | — | — | — | — | — | ($77.8m) | ($86.5m) | ($129.3m) | ($150.8m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $8.2m | $2.1m | $4.9m | ($12.4m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($9.4m) | ($10.8m) | ($11.6m) | ($11.2m) | |
| Other Non Cash Items | — | — | — | — | — | — | ($46.6m) | ($11.1m) | ($5.6m) | $6.5m | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $4.9m | $14.7m | $32.9m | $1.9m | |
| Purchase Of Business | — | — | — | — | — | — | $0 | $0 | $0 | ($16.9m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($52.0m) | ($189.6m) | ($77.4m) | ($200.8m) | |
| Sale Of Business | — | — | — | — | — | — | $8.2m | $2.1m | $4.9m | $4.4m | |
| Stock Based Compensation | — | — | — | — | — | — | $24.5m | $23.7m | $23.0m | $14.6m | |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | — | $0 | — | — | — | — | — | — | — | — | |
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax | — | $0 | — | — | — | — | — | — | — | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | — | $1.8m | — | — | — | — | — | — | — | — | |
| Other Operating Income (Expense), Net | — | ($7.7m) | $6.4m | $11.4m | $8.4m | $14.5m | — | $13.8m | $11.5m | $22.1m | |
| Net cash provided by operating activities | $212.5m | $181.4m | $224.2m | $288.9m | $284.4m | $284.4m | $345.8m | $259.9m | $355.3m | $344.5m | |
| Net Cash Provided by (Used in) Operating Activities | $212.5m | $251.6m | $224.2m | $288.9m | $284.4m | $345.8m | $345.8m | $345.4m | $355.3m | $344.5m | |
| Cash flows from investing activities: | |||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($85.5m) | ($85.0m) | ($94.4m) | ($101.9m) | |
| Capital Expenditure Reported | $150.0m | $81.7m | $69.9m | $74.5m | $69.0m | $78.0m | ($85.5m) | ($85.0m) | ($94.4m) | ($101.9m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $86.8m | $21.4m | $5.1m | $4.9m | $123.1m | — | $0 | — | $16.9m | |
| Payments to Acquire Investments | — | $375k | — | — | — | — | — | — | — | — | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($3.6m) | ($7.9m) | ($41.2m) | ($38.4m) | |
| Purchase Of Investment | — | — | — | — | — | — | ($3.6m) | ($8.0m) | ($41.2m) | ($38.4m) | |
| Gain (Loss) on Sale of Investments | ($335k) | $2.6m | $450.0m | $24.5m | $0 | $63k | ($63k) | $31k | $0 | $0 | |
| Sale Of Investment | — | — | — | — | — | — | $0 | $31k | $0 | $0 | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | — | — | — | — | — | — | — | |
| Net Other Investing Changes | — | — | — | — | — | — | $3.1m | $4.3m | $1.4m | $1.9m | |
| Net Cash Provided by (Used in) Investing Activities | $35.4m | ($67.3m) | $362.9m | ($54.9m) | ($68.2m) | ($154.7m) | ($154.7m) | ($86.5m) | ($129.3m) | ($150.8m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $2.3b | $0 | $934.8m | $850.0m | $153.3m | $1.1b | $1.1b | $0 | $0 | $475.5m | |
| Issuance Of Debt | — | — | — | — | — | — | $500.0m | $0 | $0 | $475.5m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $500.0m | $0 | $0 | $475.5m | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $455.9m | ($116.3m) | ($49.7m) | ($3.0m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $455.9m | ($116.3m) | ($49.7m) | ($3.0m) | |
| Repayments of Long-term Debt | ($1.3b) | $28.3m | $900.1m | $899.8m | $191.5m | $970.3m | ($970.3m) | $94.7m | $29.2m | $454.0m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($44.1m) | ($116.3m) | ($49.7m) | ($478.5m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($44.1m) | ($116.3m) | ($49.7m) | ($478.5m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($52.0m) | ($189.6m) | ($77.4m) | ($200.8m) | |
| Payments for Repurchase of Common Stock | — | $126.2m | $269.8m | $217.8m | $62.2m | $268.5m | — | $189.6m | $77.4m | $200.8m | |
| Common Stock Payments | — | — | — | — | — | — | ($52.0m) | ($189.6m) | ($77.4m) | ($200.8m) | |
| Dividends paid | — | $68.3m | $80.5m | $96.4m | $64.9m | $94.8m | — | $209.3m | $204.4m | $129.6m | |
| Payments of Dividends | — | $68.3m | $80.5m | $96.4m | $64.9m | $94.8m | — | $209.3m | $204.4m | $129.6m | |
| Cash Dividends Paid | — | — | — | — | — | — | ($106.8m) | ($209.3m) | ($204.4m) | ($129.6m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($106.8m) | ($209.3m) | ($204.4m) | ($129.6m) | |
| Dividend Received CFO | — | — | — | — | — | — | $12.6m | $12.9m | $14.4m | $14.8m | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | — | — | — | — | — | — | |
| Net Other Financing Charges | — | — | — | — | — | — | ($13.4m) | ($3.9m) | ($4.5m) | ($12.5m) | |
| Net Cash Provided by (Used in) Financing Activities | ($175.7m) | ($217.1m) | ($305.8m) | ($365.3m) | ($157.9m) | ($242.7m) | ($242.7m) | ($504.3m) | ($303.1m) | ($344.0m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | ($69.2m) | ($7.7m) | $3.5m | $1.3m | $364k | ($51.6m) | $2.4m | ($8.1m) | $4.3m | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($6.0m) | $2.4m | ($8.1m) | $4.3m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | ($69.2m) | $273.7m | ($127.8m) | $59.5m | ($51.3m) | ($51.6m) | ($243.0m) | ($85.2m) | ($145.9m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | ($63.1m) | $486.5m | $358.7m | $418.2m | $367.0m | ($51.3m) | $588.8m | $503.6m | $357.7m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $470.8m | ($245.4m) | ($77.1m) | ($150.3m) | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | $138.3m | $136.2m | $133.3m | $144.4m | $146.9m | $145.3m | $145.8m | |
| Income Taxes Paid, Net | — | $29.3m | $102.8m | $34.8m | $16.2m | $54.8m | $47.8m | $75.2m | $73.6m | $49.1m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.