WEN FY 2017 Earnings Report — The Wendy's Company Revenue & Financial Results | Market Cap Arena

The Wendy's CompanyWEN

FY 2017 Earnings

Reported February 28, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$1.2B	—	$1.4B	—	-14.8%
Op. Income	$215M	—	$315M	—	-31.8%
Gross Margin	49.1%	—	42.4%	—	6.7pp
Net Margin	15.9%	—	9.0%	—	6.8pp
EPS (Diluted)	$0.77	—	$0.49	—	57.1%
Free Cash Flow	$157M	—	$44M	—	258.6%

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$622M
GROSS PROFIT	$601M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$204M
SG&A Expenses	$204M
Other Expenses	$183M
Operating Expenses	$386M
Cost & Expenses	$1.0B
OPERATING INCOME	$215M
Interest Income	$0
Interest Expense	$118M
Other Income/Expenses	-$114M
INCOME BEFORE TAX	$101M
Income Tax Expense	-$93M
Net Income from Continuing Ops	$194M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$194M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$194M
D&A	$126M
EBIT	$219M
EBITDA	$345M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$622M
GROSS PROFIT	$601M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$204M
SG&A Expenses	$204M
Other Expenses	$183M
Operating Expenses	$386M
Cost & Expenses	$1.0B
OPERATING INCOME	$215M
Interest Income	$0
Interest Expense	$118M
Other Income/Expenses	-$114M
INCOME BEFORE TAX	$101M
Income Tax Expense	-$93M
Net Income from Continuing Ops	$194M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$194M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$194M
D&A	$126M
EBIT	$219M
EBITDA	$345M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$194M
Depreciation & Amortization	$126M
Stock-Based Compensation	$21M
Deferred Income Tax	-$119M
Other Non-Cash Items	$48M
Change in Working Capital	-$31M
OPERATING CASH FLOW	$239M
Capital Expenditure	-$82M
Acquisitions (Net)	-$5M
Purchases of Investments	-$375.0K
Sales/Maturities of Investments	$4M
Other Investing Activities	-$9M
NET CASH FROM INVESTING	-$92M
Net Debt Issuance	-$27M
Common Stock Repurchased	-$126M
Common Dividends Paid	-$68M
Other Financing Activities	$6M
NET CASH FROM FINANCING	-$216M
FREE CASH FLOW	$157M
Net Change in Cash	-$63M

Balance Sheet

Item	Amount
Cash & Equivalents	$171M
Short-Term Investments	$0
Net Receivables	$114M
Inventory	$3M
Other Current Assets	$95M
TOTAL CURRENT ASSETS	$404M
PP&E (Net)	$1.3B
Goodwill	$743M
Intangible Assets	$1.3B
Long-Term Investments	$285M
Tax Assets	$299M
Other Non-Current Assets	-$220M
TOTAL NON-CURRENT ASSETS	$3.7B
TOTAL ASSETS	$4.1B
Account Payables	$23M
Short-Term Debt	$30M
Deferred Revenue	$112M
Other Current Liabilities	-$7M
TOTAL CURRENT LIABILITIES	$227M
Long-Term Debt	$2.7B
Deferred Revenue NC	$11M
Deferred Tax Liabilities	$299M
Other Non-Current Liabilities	$262M
TOTAL NON-CURRENT LIABILITIES	$3.3B
TOTAL LIABILITIES	$3.5B
Common Stock	$47M
Additional Paid-In Capital	$2.9B
Retained Earnings	-$163M
Treasury Stock	-$2.2B
Accum. Other Comp. Income	-$46M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$573M
Minority Interest	$0
TOTAL EQUITY	$573M
TOTAL LIABILITIES & EQUITY	$4.1B
Total Debt	$2.8B
Net Debt	$2.6B