WEN FY 2019 Earnings Report — The Wendy's Company Revenue & Financial Results | Market Cap Arena

The Wendy's CompanyWEN

FY 2019 Earnings

Reported February 26, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$1.7B	—	$1.6B	—	7.5%
Op. Income	$263M	—	$250M	—	5.1%
Gross Margin	35.4%	—	37.9%	—	-2.5pp
Net Margin	8.0%	—	28.9%	—	-20.9pp
EPS (Diluted)	$0.58	—	$1.88	—	-69.1%
Free Cash Flow	$214M	—	$154M	—	38.9%

Revenue Flow

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.1B
GROSS PROFIT	$606M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$200M
SG&A Expenses	$200M
Other Expenses	$143M
Operating Expenses	$343M
Cost & Expenses	$1.4B
OPERATING INCOME	$263M
Interest Income	$1M
Interest Expense	$116M
Other Income/Expenses	-$91M
INCOME BEFORE TAX	$171M
Income Tax Expense	$35M
Net Income from Continuing Ops	$137M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$137M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$137M
D&A	$132M
EBIT	$287M
EBITDA	$419M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.1B
GROSS PROFIT	$606M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$200M
SG&A Expenses	$200M
Other Expenses	$143M
Operating Expenses	$343M
Cost & Expenses	$1.4B
OPERATING INCOME	$263M
Interest Income	$1M
Interest Expense	$116M
Other Income/Expenses	-$91M
INCOME BEFORE TAX	$171M
Income Tax Expense	$35M
Net Income from Continuing Ops	$137M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$137M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$137M
D&A	$132M
EBIT	$287M
EBITDA	$419M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$137M
Depreciation & Amortization	$132M
Stock-Based Compensation	$19M
Deferred Income Tax	$837.0K
Other Non-Cash Items	-$18M
Change in Working Capital	$19M
OPERATING CASH FLOW	$289M
Capital Expenditure	-$74M
Acquisitions (Net)	-$2M
Purchases of Investments	$74M
Sales/Maturities of Investments	$24M
Other Investing Activities	-$78M
NET CASH FROM INVESTING	-$55M
Net Debt Issuance	-$57M
Common Stock Repurchased	-$218M
Common Dividends Paid	-$96M
Other Financing Activities	$6M
NET CASH FROM FINANCING	-$365M
FREE CASH FLOW	$214M
Net Change in Cash	-$128M

Balance Sheet

Item	Amount
Cash & Equivalents	$300M
Short-Term Investments	$0
Net Receivables	$117M
Inventory	$4M
Other Current Assets	$117M
TOTAL CURRENT ASSETS	$554M
PP&E (Net)	$2.0B
Goodwill	$756M
Intangible Assets	$1.2B
Long-Term Investments	$303M
Tax Assets	$271M
Other Non-Current Assets	-$170M
TOTAL NON-CURRENT ASSETS	$4.4B
TOTAL ASSETS	$5.0B
Account Payables	$23M
Short-Term Debt	$23M
Deferred Revenue	$271M
Other Current Liabilities	-$45M
TOTAL CURRENT LIABILITIES	$350M
Long-Term Debt	$2.3B
Deferred Revenue NC	$92M
Deferred Tax Liabilities	$271M
Other Non-Current Liabilities	$130M
TOTAL NON-CURRENT LIABILITIES	$4.1B
TOTAL LIABILITIES	$4.5B
Common Stock	$47M
Additional Paid-In Capital	$2.9B
Retained Earnings	$186M
Treasury Stock	-$2.5B
Accum. Other Comp. Income	-$54M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$516M
Minority Interest	$0
TOTAL EQUITY	$516M
TOTAL LIABILITIES & EQUITY	$5.0B
Total Debt	$3.7B
Net Debt	$3.4B