The COVID-19 pandemic affected companies in the food industry in unique ways, particularly during 2020. Ruths Hospitality Group (Ticker: RUTH) develops and operates fine dining restaurants under the trade name Ruths Chris Steak. Sprouts Farmers Market (Ticker: SFM) offers a healthy grocery store experience. Wendys Company (Ticker: WEN) is primarily engaged in the business of operating, developing and franchising a system of distinctive quick-service restaurants. In answering the following questions, consider the impact that the COVID-19 pandemic would have on each companys business model.
Company. Ruth's Hospitality Group (RUTH) Sprouts Farmers Market (SFM) Wendy's Company (WEN) Statement of Cash Flows Cash For the year ended: (\$ in thousands) Company. Ruth's Hospitality Group (RUTH) Sprouts Farmers Market (SFM) Wendy's Company (WEN) Company. Ruth's Hospitality Group (RUTH) Sprouts Farmers Market (SFM) Wendy's Company (WEN) Statement of Cash Flows Cash For the year ended: (\$ in thousands) (\$ in thousands) Cash flows from operating activities: Net income Adjustments to reconcile net income to net.. Depreciation and amortization Share-based compensation $400,000 $300,000 $200,000 $100,000 $0 Impairment of long-lived assets Deferred income tax Non-cash rental expense, net Net Income (Loss) Change in operating lease liabilities (\$ in thousands) Net receipt (recognition) of deferred vendo.. System optimization gains, net Gain on sale of investments, net Distributions received from TimWen joint v.. Equity in earnings in joint ventures, net Long-term debt-related activities, net (see.. Other, net Changes in operating assets and liabilities: Dec. 2019 Dec. 2020 Dec. 2021 Operating Cash Flows Investing Cash Flows Financing Cash Flows (\$ in thousands) ( $ in thousands) (\$ in thousands) Dec.2019Dec.2020Dec.2021 Determine the follow unts for Sprouts: Determine the following amounts for Sprouts in 2021: 3. Are your answers in 1c and 2d the same? 4. What is the largest investing cash outflow for Wendy's in 2021? 5. Which company has increased its investment expenditures the most over the 2019-2021 period? 6. What is the largest financing cash outflow for Sprouts in 2021 ? In which year did Ruth's report positive financing cash flows? hat was the primary reason for this positive financing cash flow amount? (check all that apply Which company's operating cash flows were most negatively affected by the COVID-19 pandemic in 2020? Ruth's Sprouts Wendy's Which company in 2020 had a significant increase in cash and yet reported a net loss? Ruth's Sprouts Wendy's /hat explains the reason for this significant increase in cash? (check all that apply) Company. Ruth's Hospitality Group (RUTH) Sprouts Farmers Market (SFM) Wendy's Company (WEN) Statement of Cash Flows Cash For the year ended: (\$ in thousands) Company. Ruth's Hospitality Group (RUTH) Sprouts Farmers Market (SFM) Wendy's Company (WEN) Company. Ruth's Hospitality Group (RUTH) Sprouts Farmers Market (SFM) Wendy's Company (WEN) Statement of Cash Flows Cash For the year ended: (\$ in thousands) (\$ in thousands) Cash flows from operating activities: Net income Adjustments to reconcile net income to net.. Depreciation and amortization Share-based compensation $400,000 $300,000 $200,000 $100,000 $0 Impairment of long-lived assets Deferred income tax Non-cash rental expense, net Net Income (Loss) Change in operating lease liabilities (\$ in thousands) Net receipt (recognition) of deferred vendo.. System optimization gains, net Gain on sale of investments, net Distributions received from TimWen joint v.. Equity in earnings in joint ventures, net Long-term debt-related activities, net (see.. Other, net Changes in operating assets and liabilities: Dec. 2019 Dec. 2020 Dec. 2021 Operating Cash Flows Investing Cash Flows Financing Cash Flows (\$ in thousands) ( $ in thousands) (\$ in thousands) Dec.2019Dec.2020Dec.2021 Determine the follow unts for Sprouts: Determine the following amounts for Sprouts in 2021: 3. Are your answers in 1c and 2d the same? 4. What is the largest investing cash outflow for Wendy's in 2021? 5. Which company has increased its investment expenditures the most over the 2019-2021 period? 6. What is the largest financing cash outflow for Sprouts in 2021 ? In which year did Ruth's report positive financing cash flows? hat was the primary reason for this positive financing cash flow amount? (check all that apply Which company's operating cash flows were most negatively affected by the COVID-19 pandemic in 2020? Ruth's Sprouts Wendy's Which company in 2020 had a significant increase in cash and yet reported a net loss? Ruth's Sprouts Wendy's /hat explains the reason for this significant increase in cash? (check all that apply)
