The wendy’s company (WEN)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jul'18Apr'18Dec'17Sep'17Jun'17Apr'17Jan'17Sep'16Jun'16Apr'16Jan'16Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Jan'12Sep'11Jun'11Mar'11Jan'11Sep'10Jul'10Mar'10
Cash flows from operating activities:
Net income

119,487

136,940

129,238

474,360

471,850

460,115

600,560

223,568

191,847

194,029

63,644

98,277

126,602

129,624

186,589

145,283

158,998

161,142

98,580

113,826

102,638

121,434

130,799

105,807

88,802

44,632

38,361

14,361

-3,134

9,467

-12,937

9,259

26,018

9,875

0

0

-2,334

-4,325

0

0

0

Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization

129,554

131,693

132,205

127,969

129,912

128,879

128,646

130,792

128,674

125,687

121,938

120,084

120,179

124,304

129,080

139,627

150,142

153,732

160,303

156,668

154,244

159,860

179,560

190,740

190,333

200,219

181,041

176,086

173,604

154,174

144,274

132,591

135,129

145,302

0

0

178,971

182,172

0

0

0

Share-based compensation

18,193

18,676

17,506

18,335

18,482

17,918

18,973

19,147

21,827

20,928

20,237

19,588

16,619

18,141

18,707

20,914

23,244

23,231

21,819

25,327

22,727

28,243

33,257

27,811

27,187

19,613

14,707

13,269

11,886

11,473

12,262

16,192

17,044

17,688

0

0

0

-

-

-

0

System Optimization Remeasurement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

Asset Impairment Charges

10,100

6,999

4,225

4,572

5,977

4,697

4,449

5,143

3,793

4,097

5,054

4,374

9,646

16,241

24,524

25,676

30,169

25,001

21,857

28,962

19,021

19,613

42,282

38,991

38,914

36,385

0

0

0

-

-

-

-

-

0

0

0

-

0

0

0

Equity in earnings in joint venture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Deferred income tax

743

837

483

-638

4,073

-6,568

-121,802

-119,342

-128,191

-119,330

3,756

-6,356

-6,786

-14,213

36,634

58,943

71,352

89,026

45,311

41,415

46,229

69,540

53,158

54,972

42,880

12,853

7,503

-22,276

-34,778

-31,598

-23,056

-5,563

10,297

1,624

0

0

0

-

0

0

0

Excess tax benefits from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

47,254

38,070

18,197

9,363

11,979

17,667

18,144

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash rental expense, net

26,602

28,202

12,547

715

-5,986

-17,043

-14,342

-12,775

-12,333

-11,822

-10,753

-10,268

-8,309

-7,543

-4,566

-1,804

-387

3,364

-1,496

2,030

2,014

1,951

7,885

6,150

7,722

8,152

10,782

10,866

7,727

7,210

4,319

4,314

7,386

7,554

0

0

8,262

9,334

0

0

0

Change in operating lease liabilities

42,026

41,911

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (recognition) receipt of deferred vendor incentives

-10,839

-501

-281

547

832

139

43

-272

-361

1,901

1,396

-194

-2,249

959

-1,851

-2,725

-17,901

-2,559

16,625

26,341

23,395

4,063

-747

-4,431

-27,915

-6,318

-7,572

-2,363

5,659

920

-27,185

-39,320

-36,369

-7,070

0

0

-1,123

587

0

0

0

Gain (Loss) on Disposition of Property Plant Equipment

1,594

1,283

1,617

1,063

1,045

463

681

89

-41,053

-39,076

-15,924

21,938

64,912

71,931

107,364

69,510

83,280

74,041

32,270

32,028

17,774

91,579

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on disposal of the Bakery

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Sale of Investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

27,407

-

0

0

0

-

-

-

-

Distributions received from joint ventures, net of equity in earnings

0

-

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Equity Method Investment, Distribution

-

-

-

-

-

-

-

-

-

11,713

8,499

11,164

11,176

11,426

11,704

12,412

12,762

12,451

13,066

13,278

13,110

13,896

13,996

14,533

14,579

14,116

14,662

14,606

14,722

15,274

14,918

15,135

15,082

14,942

0

0

14,125

13,980

0

0

0

Equity in earnings in joint ventures, net

-

-

-

-

-

-

-

-

-

7,573

7,969

7,862

8,298

8,351

8,732

8,935

9,062

9,205

9,485

9,849

10,062

10,176

10,401

10,523

10,687

9,722

7,868

7,881

7,781

8,724

9,484

9,279

9,236

9,465

0

0

0

-

-

-

-

Long-term debt-related activities, net

15,050

15,317

14,199

14,436

7,281

18,673

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities and other, net

0

-

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-

-

-

-

-

-

-

-

-

1,253

1,513

8,746

7,943

3,719

218

-4,989

-9,926

-4,318

5,826

2,795

7,919

11,686

13,666

12,343

7,695

8,908

3,584

3,050

6,095

-3,093

-6,894

-4,821

-3,227

-2,999

0

0

-10,676

-8,264

0

0

0

Provision for doubtful accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Changes in operating assets and liabilities:
Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-227

-3,685

23,598

23,640

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts and notes receivable, net

-

-

-

-

-

-

-

-

-

17,340

19,288

16,814

36,789

34,213

40,471

52,479

37,202

40,399

25,735

7,989

7,463

2,763

4,257

7,647

2,024

-174

1,091

-5,285

-5,931

-3,999

-7,307

230

5,106

2,690

0

0

626

4,730

0

0

0

Inventories

-

-

-

-

-

-

-

-

-

305

136

185

267

-34

139

82

522

62

16

326

-441

-706

-165

-1,137

-1,348

-1,477

-711

-249

196

561

-658

-963

-773

517

0

0

-1,319

-394

0

0

0

Prepaid expenses and other current assets

-

-

-

-

-

-

-

-

-

3,488

599

754

939

3,276

2,837

6,178

3,433

5,409

617

-352

2,560

2,976

7,553

9,434

10,831

4,626

3,103

-2,991

-1,446

1,360

3,661

2,173

1,562

7,580

0

0

12,462

-1,514

0

0

0

Advertising funds restricted assets and liabilities

-

-

-

-

-

-

-

-

-

-12,230

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

-

-

-

-

-

-

-

-

-

-2,290

-1,780

-9,235

-9,974

-6,635

-23,411

-20,335

-10,976

-7,787

9,454

11,258

3,950

-3,105

-1,012

-4,855

-983

-380

-12,831

-1,350

638

-9,266

2,849

-10,380

-5,183

11,364

0

0

1,464

-15,795

0

0

0

Accrued expenses and other current liabilities

-

-

-

-

-

-

-

-

-

4,982

16,059

8,779

16,515

18,697

11,915

26,551

-2,669

-8,424

-9,579

-22,239

-26,058

-35,532

-38,990

-8,603

15

12,070

10,828

-39,730

-23,424

-42,906

-27,534

-5,168

2,573

11,120

0

0

-20,308

-29,508

0

0

0

Net cash (used in) provided by operating activities

207,543

288,933

232,066

229,867

217,538

224,228

308,140

281,453

265,384

238,793

216,825

193,790

185,137

193,825

293,000

326,996

299,848

274,314

190,809

226,881

261,775

254,776

259,752

267,492

311,984

329,847

318,475

265,249

238,163

190,415

189,245

182,648

178,110

246,717

0

0

244,472

226,250

0

0

0

Cash flows from investing activities:
Capital expenditures

75,867

74,453

71,124

71,443

70,503

69,857

67,716

73,491

77,468

81,710

94,990

113,645

125,976

150,023

172,120

189,569

229,200

251,622

288,831

314,498

306,693

298,471

291,329

256,996

237,326

224,245

202,067

195,281

190,569

197,590

181,175

174,876

165,193

146,763

0

0

149,394

147,969

0

0

0

Acquisitions

0

5,052

5,052

26,453

26,453

21,401

0

0

0

-

-

-

-

2,209

2,209

2,209

2,209

1,232

49,237

52,851

55,186

53,954

0

0

0

-

-

-

-

40,608

45,191

26,376

10,904

11,210

0

0

0

-

-

-

0

Dispositions

3,643

3,448

2,398

2,649

2,872

3,223

4,321

5,350

80,217

81,516

168,382

295,075

222,638

262,173

331,880

210,769

239,290

204,388

87,851

83,879

59,212

161,386

224,949

249,305

255,465

149,112

58,805

36,127

22,371

21,023

0

0

0

-

-

-

-

-

-

-

-

Proceeds from sale of investments

-24,366

-24,496

-130

-450,130

-450,130

-450,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Changes in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,062

-10,190

-4,679

-3,634

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes receivable, net

-3,305

-3,370

-592

747

2,079

959

-5,109

-7,313

-8,118

-9,000

-10,037

-9,245

-6,662

-3,581

1,624

980

-2,113

-3,289

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Payments to Acquire Interest in Subsidiaries and Affiliates

-

-

-

-

-

13

13

13

329

375

375

434

166

172

196

219

170

2,106

2,832

2,750

3,150

1,150

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Franchise loans, Net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,315

3,092

0

0

0

-

-

-

-

-

-

-

-

Other, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

120

2,279

1,628

3,251

759

976

2,037

265

0

0

2,306

-352

0

0

0

Net cash used in investing activities

-51,163

-54,931

-74,240

355,630

358,124

362,911

360,911

-74,638

-88,375

-92,246

-17,087

88,990

92,333

107,078

161,429

28,497

93,532

35,380

-171,434

-205,223

-301,916

-187,812

-50,945

-8,388

16,629

-76,690

-160,502

-173,406

-200,943

-189,385

-198,898

-79,289

-53,066

-58,197

0

0

-119,905

-112,922

0

0

0

Cash flows from financing activities:
Proceeds from long-term debt

1,003,315

850,000

850,000

854,028

6,670

934,837

943,292

955,580

954,786

31,130

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of long-term debt

908,321

899,800

889,376

890,744

29,920

894,501

898,316

915,964

912,317

52,593

48,905

30,228

28,591

24,617

24,732

37,819

1,324,475

1,327,223

1,330,566

1,320,949

37,924

38,380

260,912

252,360

593,687

590,293

358,663

798,906

1,044,462

1,044,310

1,046,102

606,757

14,845

38,702

0

0

494,786

474,791

0

0

0

Repayments of finance lease liabilities

6,921

6,835

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred financing costs

-

-

-

-

-

17,340

17,695

18,024

18,349

1,424

2,035

1,856

2,260

1,983

2,736

5,310

43,843

43,817

42,098

39,374

112

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchases of common stock

232,005

217,797

206,558

236,283

261,366

269,809

176,365

160,011

149,577

126,231

265,829

279,428

305,383

336,958

181,507

1,143,568

1,109,355

1,098,717

1,088,380

87,147

60,918

301,216

319,091

346,595

346,581

69,320

0

0

0

-

-

-

-

-

-

-

-

173,537

0

0

0

Dividends

100,088

96,364

89,026

86,080

83,246

80,532

77,644

74,520

71,404

68,322

67,503

66,127

64,891

63,832

64,224

63,808

67,860

71,845

75,519

78,658

77,010

75,117

74,628

75,889

73,284

70,681

66,702

54,886

46,951

39,043

31,188

31,213

31,787

32,366

0

0

29,342

27,621

0

0

0

Distribution to noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,667

3,667

3,667

3,667

0

0

0

0

-

-

-

-

Proceeds from stock option exercises

24,854

28,328

26,998

51,191

41,039

45,228

44,764

19,696

17,810

12,884

19,569

19,462

20,558

19,773

16,156

14,960

14,502

27,952

27,953

26,676

24,765

30,788

46,674

60,631

61,953

42,370

26,230

11,801

10,214

7,806

3,540

4,563

4,613

6,359

0

0

0

-

-

-

0

Payments related to tax withholding for share-based compensation

6,167

8,820

9,788

9,493

9,539

11,805

11,701

12,034

11,483

5,721

4,786

4,336

4,402

4,444

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent consideration payment

-

-

-

-

-

6,269

6,269

6,100

6,100

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

47,254

38,070

18,197

9,363

11,979

17,667

18,144

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

52

-1,457

-2,091

-2,192

-2,262

0

0

-994

-953

0

0

0

Net cash provided by (used in) financing activities

-239,341

-365,296

-338,157

-340,650

-342,630

-305,762

-209,804

-216,897

-203,507

-215,797

-346,814

-356,154

-380,458

-412,061

-323,276

-1,283,891

-280,984

-237,558

-173,043

813,618

-133,002

-374,562

-375,566

-375,931

-368,432

-122,901

-96,048

-36,292

-26,166

-24,129

-28,661

-165,600

-205,491

-224,584

0

0

-133,102

-194,150

0

0

0

Net cash provided by (used in) operations before effect of exchange rate changes on cash

-82,961

-131,294

-180,331

244,847

233,032

281,377

459,247

-10,082

-26,498

-69,250

-147,076

-73,374

-102,988

-111,158

131,153

-928,398

112,396

72,136

-153,668

835,276

-173,143

-307,598

-166,759

-116,827

-39,819

130,256

61,925

55,551

11,054

-23,099

-38,314

-62,241

-80,447

-36,064

0

0

-8,535

-80,822

0

0

0

Effect of exchange rate changes on cash

-3,481

3,489

-2,739

578

-3,323

-7,689

-2,980

-1,543

2,861

6,125

5,040

-24

-1,794

2,127

1,931

-2,989

-2,335

-12,196

-13,078

-9,369

-8,690

-5,278

-4,226

-530

-4,170

-3,465

-2,086

-1,634

-780

1,229

3,089

-2,183

-1,204

-1,213

0

0

1,312

1,611

0

0

0

Net increase (decrease) in cash, cash equivalents and restricted cash

-86,442

-127,805

-183,070

245,425

229,709

273,688

456,267

-11,625

-23,637

-63,125

-142,036

-73,398

-104,782

-109,031

133,084

-931,387

110,061

59,940

-166,746

825,907

-181,833

-312,876

-170,985

-117,357

-43,989

126,791

59,839

53,917

10,274

-21,870

-35,225

-64,424

-81,651

-37,277

0

0

-7,223

-79,211

0

0

0

Detail of cash flows from operating activities:
Gain on dispositions, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

49,714

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt-related activities, net:
Loss on early extinguishment of debt

-

-

-

-

-

-

-

-

-

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of long-term debt

-

-

-

-

-

-

-

-

-

1,237

1,233

1,229

1,224

1,220

1,228

1,212

1,208

1,204

1,187

1,195

1,191

1,187

1,551

2,787

4,309

5,942

7,194

7,572

7,892

7,973

8,043

8,105

8,000

8,120

0

0

14,431

15,016

0

0

0

Amortization of deferred financing costs

-

-

-

-

-

-

-

-

-

7,944

7,939

7,858

7,784

7,653

7,678

7,606

6,680

5,426

4,036

2,834

2,487

2,438

2,412

2,273

2,291

2,487

2,657

2,930

3,642

4,241

4,830

5,425

5,426

6,216

0

0

12,229

11,779

0

0

0

Reclassification of unrealized losses on cash flow hedges

-

-

-

-

-

-

-

-

-

2,894

2,894

2,894

2,894

2,894

2,949

2,934

2,210

1,487

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating activities from long-term debt, net

15,050

15,317

14,199

14,436

7,281

18,673

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Supplemental cash flow information:
Cash paid for:
Interest

-

-

-

-

-

-

-

-

-

128,989

125,531

122,172

120,035

117,583

114,354

114,375

98,403

84,326

70,575

53,584

52,957

52,357

55,325

51,304

57,203

64,749

66,739

98,693

93,328

110,701

105,808

102,303

106,241

111,675

115,957

121,138

126,099

127,753

0

0

0

Income taxes, net of refunds

-

-

-

-

-

-

-

-

-

29,311

35,937

50,761

75,991

77,620

88,649

69,175

39,603

41,275

20,996

20,972

17,649

15,826

16,695

12,869

9,524

6,948

2,015

2,631

3,495

10,124

11,658

14,841

17,027

13,588

14,272

10,435

11,084

14,262

0

0

0

Supplemental non-cash investing and financing activities:
Capital expenditures included in accounts payable

10,480

6,026

4,454

4,395

5,119

6,460

5,777

4,308

5,228

5,810

838

3,062

4,526

11,325

25,606

17,769

14,534

31,468

12,750

37,063

51,038

45,409

54,776

42,127

53,968

41,713

46,143

54,482

27,029

22,109

0

0

0

-

-

-

-

-

-

-

-

Finance leases

45,525

50,061

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance leases

-

-

-

-

-

-

-

-

-

276,971

241,092

250,741

68,656

104,119

134,317

128,595

125,584

57,226

36,689

33,352

26,320

22,255

16,099

15,252

17,255

10,767

5,854

5,947

17,125

16,280

0

0

0

-

-

-

-

-

-

-

-

Accrued debt issuance costs

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reconciliation of cash, cash equivalents and restricted cash at end of period:
Capital expenditures

75,867

74,453

71,124

71,443

70,503

69,857

67,716

73,491

77,468

81,710

0

0

0

150,023

172,120

189,569

229,200

251,622

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

147,969

0

0

0