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4. Total Asset Turnover Evaluating the ability to pay long term debt 5. Debt ratio 6. Number of times interest charges earned Tabic of Content THE WENDY'S COMPANY AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (In Thousands Except Par Value) January 3, 2021 December 29, 2019 306,989 33.973 109,891 4.732 89,732 142,306 687.623 915.889 206,153 821.480 751.049 1.224,960 44.574 268, 221 120,057 3,040,006 5 300,195 34.539 117,461 3,891 15.585 82,376 554,047 977,000 200.144 857.199 755.911 1.247.212 45.949 256,606 100.461 4.994,529 ASSETS Current assets: Cash and cash equivalents Restricted cash Accounts and notes receivable, net Inventories Prepaid expenses and other current assets Advertising funds restricted assets Total current assets Properties Finance lease assets Operating lease assets Goodwill Other intangible assets Investments Net investment in sales-type and direct financing leases Other assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Current portion of long-term debt Current portion of finance leasehabilities Current portion of operating lease liabilities Accounts payable Accrued expenses and other current liabilities Advertising funds restricted liabilities Total current liabilities Long-term debt Long-term finance lease liabilities Long-term operating lease liabilities Deferred income taxes Deferred franchise fees Other liabilities Total liabilities Commitments and contingencies Stockholders' cquity: Common stock, 50.10 par value: 1.500,000 shares authorized 470.424 shares issued 224,268 and 224,889 shares outstanding, respectively Additional paid-in capital Retained earings Common stock held in treasury, al cost: 246.156 and 245,535 shares, respectively Accumulated other comprehensive loss Total stockholders' equity Total liabilities and stockholders' equity See accompanying notes to consolidated financial statements 28,962 12.105 45,346 31,063 155,321 140.511 413.308 2.218,163 506,076 865,325 280.755 89,094 117,689 4,490,410 22.750 11,005 43.775 22,701 165.272 84,195 349,698 2.257,561 480.847 $97.737 270,759 91,790 129,778 4.478.170 47,042 2.899.276 238,674 (2,585,755) (49,641) $49.596 5.040,000 $ 47,042 2.874,001 185,725 (2.536,581) (53,828) $16.359 4.994,529 65 Table of Content THE WENDY'S COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (In Thousands Except Per Share Amounts) January 3, 2021 Year Ended December 29. 2019 December 30, 2018 722,764 $ 444,749 232,648 333,664 1.733,825 707.485 S 428.999 233,065 339.453 1,709,002 651.577 409,043 203.297 326,019 1,589,936 Revenues: Sales Franchise royalty revenue and fees Franchise rental income Advertising funds revenue Costs and expenses Cost of sales Franchise support and other costs Franchise rental expense Advertising funds expense General and administrative Depreciation and amortization System optimization gains.net Reorganization and realignment costs Impairment of long-lived assets Other operating income, net Operating profit Interest expense, net Loss on carly extinguishment of debt Investment (loss) income, net Other income, net Income before income taxes Provision for income taxes Net income 614.907 26,464 125,613 345,360 206,876 132,775 (3.148) 16,030 8,037 (8,397) 1,464,517 269,308 (117.737) 597.530 43.686 123.929 338.116 200,206 131,693 (1.283) 16,965 6,999 (11,418) 1.446,423 262,579 (115,971) (8.496) 25,598 7.771 171,481 (34,541) 136.940 548,588 25.203 91.104 321.866 217.489 128,879 (463) 9,06% 4,697 (6,387) 1.340,044 249,892 (119,618) (11.475) 450,736 5.381 574,916 (114,801) 460,115 (225) 1.449 152.795 (34,963) 117.8325 Net income per share Basic Diluted 53s 52 1.93 1.88 See accompanying notes to consolidated financial statements 66 Table of Contents THE WENDY'S COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In Thousands) January 3, 2021 Year Ended December 29, 2019 December 30, 2018 136,940 460,115 7.845 (16.524) 117.8325 4,187 Net income Other comprehensive income (loss), net: Foreign currency translation adjustment Change in unrecognized pension loss: Unrealized gains arising during the period Income tax provision Final settlement of pension liability Other comprehensive income (loss), net Comprehensive income 156 (39) 932 1.049 (15.475) 444.640 4.187 122,019 7.845 144,785 S See accompanying notes to consolidated financial statements. 67