WEN FY 2021 Earnings Report — The Wendy's Company Revenue & Financial Results | Market Cap Arena

The Wendy's CompanyWEN

FY 2021 Earnings

Reported March 1, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$1.9B	—	$1.7B	—	9.4%
Op. Income	$367M	—	$269M	—	36.3%
Gross Margin	28.3%	—	35.8%	—	-7.6pp
Net Margin	10.6%	—	6.8%	—	3.8pp
EPS (Diluted)	$0.89	—	$0.52	—	71.2%
Free Cash Flow	$268M	—	$215M	—	24.3%

Revenue Flow

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$1.4B
GROSS PROFIT	$537M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$81M
SG&A Expenses	$81M
Other Expenses	$88M
Operating Expenses	$170M
Cost & Expenses	$1.5B
OPERATING INCOME	$367M
Interest Income	$0
Interest Expense	$109M
Other Income/Expenses	-$126M
INCOME BEFORE TAX	$241M
Income Tax Expense	$40M
Net Income from Continuing Ops	$200M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$200M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$200M
D&A	$126M
EBIT	$350M
EBITDA	$475M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$1.4B
GROSS PROFIT	$537M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$81M
SG&A Expenses	$81M
Other Expenses	$88M
Operating Expenses	$170M
Cost & Expenses	$1.5B
OPERATING INCOME	$367M
Interest Income	$0
Interest Expense	$109M
Other Income/Expenses	-$126M
INCOME BEFORE TAX	$241M
Income Tax Expense	$40M
Net Income from Continuing Ops	$200M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$200M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$200M
D&A	$126M
EBIT	$350M
EBITDA	$475M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$200M
Depreciation & Amortization	$126M
Stock-Based Compensation	$22M
Deferred Income Tax	-$14M
Other Non-Cash Items	-$19M
Change in Working Capital	$31M
OPERATING CASH FLOW	$346M
Capital Expenditure	-$78M
Acquisitions (Net)	-$68M
Purchases of Investments	-$10M
Sales/Maturities of Investments	$63.0K
Other Investing Activities	$1M
NET CASH FROM INVESTING	-$155M
Net Debt Issuance	$116M
Common Stock Repurchased	-$269M
Common Dividends Paid	-$95M
Other Financing Activities	$5M
NET CASH FROM FINANCING	-$243M
FREE CASH FLOW	$268M
Net Change in Cash	-$51M

Balance Sheet

Item	Amount
Cash & Equivalents	$249M
Short-Term Investments	$0
Net Receivables	$120M
Inventory	$6M
Other Current Assets	$187M
TOTAL CURRENT ASSETS	$593M
PP&E (Net)	$2.0B
Goodwill	$775M
Intangible Assets	$1.3B
Long-Term Investments	$350M
Tax Assets	$0
Other Non-Current Assets	$139M
TOTAL NON-CURRENT ASSETS	$4.5B
TOTAL ASSETS	$5.1B
Account Payables	$41M
Short-Term Debt	$24M
Deferred Revenue	$0
Other Current Liabilities	$271M
TOTAL CURRENT LIABILITIES	$427M
Long-Term Debt	$2.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$268M
Other Non-Current Liabilities	$201M
TOTAL NON-CURRENT LIABILITIES	$4.2B
TOTAL LIABILITIES	$4.7B
Common Stock	$47M
Additional Paid-In Capital	$2.9B
Retained Earnings	$344M
Treasury Stock	-$2.8B
Accum. Other Comp. Income	-$48M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$436M
Minority Interest	$0
TOTAL EQUITY	$436M
TOTAL LIABILITIES & EQUITY	$5.1B
Total Debt	$3.9B
Net Debt	$3.6B