WEN FY 2020 Earnings Report — The Wendy's Company Revenue & Financial Results | Market Cap Arena

The Wendy's CompanyWEN

FY 2020 Earnings

Reported March 3, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$1.7B	—	$1.7B	—	1.5%
Op. Income	$269M	—	$263M	—	2.6%
Gross Margin	35.8%	—	35.4%	—	0.4pp
Net Margin	6.8%	—	8.0%	—	-1.2pp
EPS (Diluted)	$0.52	—	$0.58	—	-10.3%
Free Cash Flow	$215M	—	$214M	—	0.4%

Revenue Flow

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.1B
GROSS PROFIT	$621M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$207M
SG&A Expenses	$207M
Other Expenses	$145M
Operating Expenses	$352M
Cost & Expenses	$1.5B
OPERATING INCOME	$269M
Interest Income	$0
Interest Expense	$118M
Other Income/Expenses	-$117M
INCOME BEFORE TAX	$153M
Income Tax Expense	$35M
Net Income from Continuing Ops	$118M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$118M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$118M
D&A	$133M
EBIT	$271M
EBITDA	$403M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.1B
GROSS PROFIT	$621M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$207M
SG&A Expenses	$207M
Other Expenses	$145M
Operating Expenses	$352M
Cost & Expenses	$1.5B
OPERATING INCOME	$269M
Interest Income	$0
Interest Expense	$118M
Other Income/Expenses	-$117M
INCOME BEFORE TAX	$153M
Income Tax Expense	$35M
Net Income from Continuing Ops	$118M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$118M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$118M
D&A	$133M
EBIT	$271M
EBITDA	$403M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$118M
Depreciation & Amortization	$133M
Stock-Based Compensation	$19M
Deferred Income Tax	$10M
Other Non-Cash Items	-$2M
Change in Working Capital	$7M
OPERATING CASH FLOW	$284M
Capital Expenditure	-$69M
Acquisitions (Net)	$1M
Purchases of Investments	$69M
Sales/Maturities of Investments	$169.0K
Other Investing Activities	-$70M
NET CASH FROM INVESTING	-$68M
Net Debt Issuance	-$47M
Common Stock Repurchased	-$62M
Common Dividends Paid	-$65M
Other Financing Activities	-$8M
NET CASH FROM FINANCING	-$158M
FREE CASH FLOW	$215M
Net Change in Cash	$60M

Balance Sheet

Item	Amount
Cash & Equivalents	$307M
Short-Term Investments	$0
Net Receivables	$173M
Inventory	$5M
Other Current Assets	$113M
TOTAL CURRENT ASSETS	$688M
PP&E (Net)	$1.9B
Goodwill	$751M
Intangible Assets	$1.2B
Long-Term Investments	$313M
Tax Assets	$281M
Other Non-Current Assets	-$161M
TOTAL NON-CURRENT ASSETS	$4.4B
TOTAL ASSETS	$5.0B
Account Payables	$31M
Short-Term Debt	$29M
Deferred Revenue	$155M
Other Current Liabilities	$69M
TOTAL CURRENT LIABILITIES	$413M
Long-Term Debt	$2.2B
Deferred Revenue NC	$89M
Deferred Tax Liabilities	$281M
Other Non-Current Liabilities	$118M
TOTAL NON-CURRENT LIABILITIES	$4.1B
TOTAL LIABILITIES	$4.5B
Common Stock	$47M
Additional Paid-In Capital	$2.9B
Retained Earnings	$239M
Treasury Stock	-$2.6B
Accum. Other Comp. Income	-$50M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$550M
Minority Interest	$0
TOTAL EQUITY	$550M
TOTAL LIABILITIES & EQUITY	$5.0B
Total Debt	$3.7B
Net Debt	$3.4B