The Wendy's (WEN) Financial Statements
Price: $12.73
Market Cap: $2.50B
Avg Volume: 5.59M
Market Cap: $2.50B
Avg Volume: 5.59M
Country: US
Industry: Restaurants
Sector: Consumer Cyclical
Industry: Restaurants
Sector: Consumer Cyclical
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of The Wendy's.
Income Statement
| Breakdown | December 29, 2024 | December 31, 2023 | January 01, 2023 | January 02, 2022 | January 03, 2021 | December 29, 2019 | December 30, 2018 | December 31, 2017 | January 01, 2017 | January 03, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.25B | $2.18B | $2.10B | $1.90B | $1.73B | $1.71B | $1.59B | $1.22B | $1.44B | $1.87B |
| Cost of Revenue | $1.46B | $1.41B | $1.37B | $1.20B | $1.11B | $1.10B | $986.76M | $600.96M | $812.46M | $1.18B |
| Gross Profit | $790.01M | $776.47M | $720.76M | $698.26M | $621.48M | $605.74M | $603.17M | $622.45M | $622.96M | $686.22M |
| Gross Profit Ratio | 35.17% | 35.59% | 34.40% | 36.81% | 35.84% | 35.44% | 37.94% | 50.88% | 43.40% | 36.69% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $255.21M | $249.96M | $254.98M | $242.97M | $206.88M | $200.21M | $217.49M | $208.58M | $245.87M | $256.55M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $255.21M | $249.96M | $254.98M | $242.97M | $206.88M | $200.21M | $217.49M | $208.58M | $245.87M | $256.55M |
| Other Expenses | $163.44M | $144.52M | $109.73M | $111.07M | $124.38M | $120.28M | $5.38M | $1.62M | $989.00K | $806.00K |
| Operating Expenses | $418.65M | $249.96M | $364.71M | $354.04M | $331.25M | $320.48M | $339.98M | $341.94M | $353.78M | $438.85M |
| Cost and Expenses | $1.88B | $1.80B | $1.74B | $1.55B | $1.44B | $1.42B | $1.33B | $942.90M | $1.17B | $1.62B |
| Interest Income | $- | $- | $120.21M | $109.15M | $29.07M | $1.10M | $- | $- | $- | $- |
| Interest Expense | $123.88M | $124.06M | $122.32M | $109.19M | $117.74M | $115.97M | $119.62M | $118.06M | $114.80M | $86.07M |
| Depreciation and Amortization | $157.94M | $148.57M | $169.72M | $166.14M | $161.71M | $131.69M | $128.88M | $125.69M | $120.11M | $145.05M |
| EBITDA | $554.23M | $552.05M | $535.55M | $458.55M | $416.91M | $408.28M | $411.60M | $399.32M | $433.70M | $393.23M |
| EBITDA Ratio | 24.67% | 25.30% | 25.56% | 24.17% | 24.05% | 23.89% | 25.89% | 32.64% | 30.21% | 21.02% |
| Operating Income | $371.36M | $381.98M | $353.31M | $366.96M | $269.31M | $262.58M | $249.89M | $214.76M | $314.78M | $274.47M |
| Operating Income Ratio | 16.53% | 17.51% | 16.86% | 19.34% | 15.53% | 15.36% | 15.72% | 17.55% | 21.93% | 14.68% |
| Total Other Income Expenses Net | $-98.95M | $-102.57M | $-109.81M | $-126.38M | $-116.51M | $-91.10M | $325.02M | $-113.74M | $-113.09M | $-40.34M |
| Income Before Tax | $272.41M | $279.42M | $243.50M | $240.58M | $152.79M | $171.48M | $574.92M | $101.02M | $201.69M | $234.13M |
| Income Before Tax Ratio | 12.13% | 12.81% | 11.62% | 12.68% | 8.81% | 10.03% | 36.16% | 8.26% | 14.05% | 12.52% |
| Income Tax Expense | $78.06M | $74.98M | $66.14M | $40.19M | $34.96M | $34.54M | $114.80M | $-93.01M | $72.07M | $94.15M |
| Net Income | $194.36M | $204.44M | $177.37M | $200.39M | $117.83M | $136.94M | $460.12M | $194.03M | $129.62M | $161.14M |
| Net Income Ratio | 8.65% | 9.37% | 8.46% | 10.56% | 6.80% | 8.01% | 28.94% | 15.86% | 9.03% | 8.62% |
| EPS | $0.95 | $0.98 | $0.83 | $0.91 | $0.53 | $0.60 | $1.93 | $0.79 | $0.49 | $0.50 |
| EPS Diluted | $0.95 | $0.97 | $0.82 | $0.89 | $0.52 | $0.58 | $1.88 | $0.77 | $0.49 | $0.49 |
| Weighted Average Shares Outstanding | 204.35M | 209.49M | 213.77M | 221.38M | 223.68M | 229.94M | 237.80M | 244.18M | 262.21M | 323.02M |
| Weighted Average Shares Outstanding Diluted | 205.61M | 211.53M | 215.84M | 224.41M | 228.01M | 235.07M | 244.96M | 252.29M | 266.71M | 328.73M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 29, 2024 | December 31, 2023 | January 01, 2023 | January 02, 2022 | January 03, 2021 | December 29, 2019 | December 30, 2018 | December 31, 2017 | January 01, 2017 | January 03, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $450.51M | $516.04M | $745.89M | $249.44M | $306.99M | $300.19M | $431.40M | $171.45M | $198.24M | $327.22M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $450.51M | $516.04M | $745.89M | $249.44M | $306.99M | $300.19M | $431.40M | $171.45M | $198.24M | $327.22M |
| Net Receivables | $99.93M | $121.68M | $186.85M | $119.54M | $109.89M | $117.46M | $109.81M | $114.39M | $98.83M | $104.85M |
| Inventory | $6.53M | $6.69M | $7.13M | $5.93M | $4.73M | $3.89M | $3.69M | $3.16M | $2.85M | $4.31M |
| Other Current Assets | $179.17M | $193.24M | $118.42M | $217.94M | $266.01M | $132.50M | $120.82M | $115.36M | $152.62M | $180.19M |
| Total Current Assets | $736.14M | $837.65M | $1.06B | $592.85M | $687.62M | $554.05M | $665.72M | $404.35M | $452.53M | $616.57M |
| Property Plant Equipment Net | $924.73M | $1.83B | $1.88B | $1.96B | $1.94B | $2.03B | $1.21B | $1.26B | $1.19B | $1.23B |
| Goodwill | $771.47M | $773.73M | $773.09M | $775.28M | $751.05M | $755.91M | $747.88M | $743.33M | $741.41M | $770.78M |
| Intangible Assets | $1.19B | $1.22B | $1.25B | $1.28B | $1.22B | $1.25B | $1.29B | $1.32B | $1.32B | $1.34B |
| Goodwill and Intangible Assets | $1.96B | $1.99B | $2.02B | $2.06B | $1.98B | $2.00B | $2.04B | $2.06B | $2.06B | $2.11B |
| Long Term Investments | $29.01M | $348.11M | $363.37M | $349.58M | $312.80M | $302.56M | $274.14M | $285.09M | $56.98M | $58.37M |
| Tax Assets | $- | $- | $270.42M | $267.71M | $280.75M | $270.76M | $269.16M | $299.05M | $446.51M | $459.71M |
| Other Non-Current Assets | $1.38B | $178.58M | $-99.46M | $-128.58M | $-160.70M | $-170.30M | $-172.25M | $-219.54M | $-272.99M | $-364.24M |
| Total Non-Current Assets | $4.30B | $4.35B | $4.44B | $4.51B | $4.35B | $4.44B | $3.63B | $3.69B | $3.49B | $3.49B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $5.03B | $5.18B | $5.50B | $5.10B | $5.04B | $4.99B | $4.29B | $4.10B | $3.94B | $4.11B |
| Account Payables | $28.45M | $27.37M | $44.00M | $41.16M | $31.06M | $22.70M | $21.74M | $22.76M | $27.64M | $53.68M |
| Short Term Debt | $150.74M | $98.85M | $95.69M | $149.91M | $143.86M | $132.31M | $40.06M | $30.17M | $24.65M | $23.29M |
| Tax Payables | $28.50M | $28.13M | $30.16M | $28.14M | $27.16M | $23.93M | $20.81M | $19.92M | $21.57M | $19.93M |
| Deferred Revenue | $- | $- | $270.42M | $140.78M | $155.32M | $165.27M | $150.64M | $111.62M | $68.78M | $80.49M |
| Other Current Liabilities | $189.94M | $227.57M | $218.16M | $207.71M | $211.22M | $170.76M | $201.57M | $154.30M | $156.22M | $171.88M |
| Total Current Liabilities | $397.63M | $381.93M | $388.00M | $426.93M | $413.31M | $349.70M | $284.19M | $227.16M | $230.08M | $268.77M |
| Long Term Debt | $3.94B | $4.04B | $4.19B | $3.77B | $3.59B | $3.64B | $2.75B | $2.72B | $2.49B | $2.40B |
| Deferred Revenue Non-Current | $- | $- | $90.23M | $88.10M | $89.09M | $91.79M | $-2.97B | $10.88M | $- | $- |
| Deferred Tax Liabilities Non-Current | $263.42M | $- | $270.42M | $267.71M | $280.75M | $270.76M | $269.16M | $299.05M | $446.51M | $459.71M |
| Other Non-Current Liabilities | $172.61M | $450.20M | $459.50M | $468.73M | $487.54M | $492.33M | $606.62M | $572.34M | $247.35M | $224.50M |
| Total Non-Current Liabilities | $4.38B | $4.49B | $4.65B | $4.24B | $4.08B | $4.13B | $3.36B | $3.30B | $3.18B | $3.09B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $4.78B | $4.87B | $5.03B | $4.66B | $4.49B | $4.48B | $3.64B | $3.52B | $3.41B | $3.36B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $47.04M | $47.04M | $47.04M | $47.04M | $47.04M | $47.04M | $47.04M | $47.04M | $47.04M | $47.04M |
| Retained Earnings | $399.70M | $409.86M | $414.75M | $344.20M | $238.67M | $185.72M | $146.28M | $-163.29M | $-290.86M | $-356.63M |
| Accumulated Other Comprehensive Income Loss | $-74.75M | $-58.38M | $-64.18M | $-48.20M | $-49.64M | $-53.83M | $-61.67M | $-46.20M | $-63.24M | $-70.82M |
| Other Total Stockholders Equity | $-112.64M | $-88.75M | $68.11M | $93.36M | $313.52M | $337.42M | $516.80M | $735.65M | $834.79M | $1.13B |
| Total Stockholders Equity | $259.35M | $309.78M | $465.72M | $436.40M | $549.60M | $516.36M | $648.45M | $573.20M | $527.74M | $752.91M |
| Total Equity | $259.35M | $309.78M | $465.72M | $436.40M | $549.60M | $516.36M | $648.45M | $573.20M | $527.74M | $752.91M |
| Total Liabilities and Stockholders Equity | $5.03B | $5.18B | $5.50B | $5.10B | $5.04B | $4.99B | $4.29B | $4.10B | $3.94B | $4.11B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $5.03B | $5.18B | $5.50B | $5.10B | $5.04B | $4.99B | $4.29B | $4.10B | $3.94B | $4.11B |
| Total Investments | $29.01M | $348.11M | $363.37M | $349.58M | $312.80M | $302.56M | $274.14M | $285.09M | $56.98M | $58.37M |
| Total Debt | $4.09B | $4.14B | $4.28B | $3.86B | $3.68B | $3.71B | $2.78B | $2.75B | $2.51B | $2.43B |
| Net Debt | $3.64B | $3.62B | $3.54B | $3.61B | $3.37B | $3.41B | $2.35B | $2.58B | $2.31B | $2.10B |
Cash Flow Statement
| Breakdown | December 29, 2024 | December 31, 2023 | January 01, 2023 | January 02, 2022 | January 03, 2021 | December 29, 2019 | December 30, 2018 | December 31, 2017 | January 01, 2017 | January 03, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $194.36M | $204.44M | $177.37M | $200.39M | $117.83M | $136.94M | $460.12M | $194.03M | $129.62M | $161.14M |
| Depreciation and Amortization | $143.23M | $148.57M | $135.81M | $125.54M | $132.78M | $131.69M | $128.88M | $125.69M | $124.30M | $153.73M |
| Deferred Income Tax | $-5.53M | $-807.00K | $4.30M | $-13.78M | $10.27M | $837.00K | $-6.57M | $-119.33M | $-14.21M | $89.03M |
| Stock Based Compensation | $23.02M | $23.75M | $24.54M | $22.02M | $18.93M | $18.68M | $17.92M | $20.93M | $18.14M | $23.23M |
| Change in Working Capital | $- | $-22.88M | $-45.11M | $30.60M | $6.58M | $18.57M | $57.39M | $-18.28M | $-29.61M | $-97.94M |
| Accounts Receivables | $- | $430.00K | $-5.86M | $12.37M | $-43.25M | $20.40M | $44.01M | $-15.85M | $-23.24M | $-66.45M |
| Inventory | $138.00K | $439.00K | $-1.20M | $-872.00K | $-841.00K | $-163.00K | $-434.00K | $-305.00K | $34.00K | $-62.00K |
| Accounts Payables | $1.03M | $-8.83M | $-1.53M | $7.59M | $1.62M | $1.05M | $-145.00K | $-2.29M | $-6.63M | $-7.79M |
| Other Working Capital | $-17.39M | $-14.92M | $-36.52M | $11.52M | $49.05M | $-2.72M | $13.96M | $164.00K | $228.00K | $-23.64M |
| Other Non Cash Items | $226.00K | $-7.65M | $-37.01M | $-19.00M | $-2.02M | $-17.78M | $-433.50M | $48.60M | $-46.84M | $-116.71M |
| Net Cash Provided by Operating Activities | $355.31M | $345.42M | $259.90M | $345.77M | $284.36M | $288.93M | $224.23M | $251.64M | $181.41M | $212.48M |
| Investments in Property Plant and Equipment | $-94.39M | $-85.02M | $-85.54M | $-77.98M | $-68.97M | $-74.45M | $-69.86M | $-81.71M | $-150.02M | $-251.62M |
| Acquisitions Net | $- | $2.12M | $8.24M | $-67.95M | $1.21M | $-1.60M | $-18.18M | $-5.27M | $259.96M | $281.56M |
| Purchases of Investments | $- | $- | $-3.60M | $-10.00M | $68.97M | $74.45M | $-13.00K | $-375.00K | $-172.00K | $-2.11M |
| Sales Maturities of Investments | $- | $31.00K | $- | $63.00K | $169.00K | $24.50M | $450.00M | $4.11M | $890.00K | $621.00K |
| Other Investing Activities | $-34.92M | $-3.67M | $3.14M | $1.20M | $-69.63M | $-77.82M | $959.00K | $15.94M | $-18.55M | $6.92M |
| Net Cash Used for Investing Activities | $-129.31M | $-86.55M | $-77.78M | $-154.67M | $-68.25M | $-54.93M | $362.91M | $-67.31M | $92.11M | $35.38M |
| Debt Repayment | $-49.65M | $-116.29M | $455.94M | $116.02M | $-46.53M | $-56.63M | $34.77M | $-26.98M | $-24.62M | $966.78M |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $-77.38M | $-189.55M | $-51.95M | $-268.53M | $-62.17M | $-217.80M | $-269.81M | $-126.23M | $-336.96M | $-1.10B |
| Dividends Paid | $-204.44M | $-209.25M | $-106.78M | $-94.85M | $-64.87M | $-96.36M | $-80.53M | $-68.32M | $-63.83M | $-71.84M |
| Other Financing Activities | $28.37M | $10.79M | $-8.54M | $4.62M | $15.66M | $14.32M | $9.81M | $5.74M | $13.35M | $28.06M |
| Net Cash Used Provided by Financing Activities | $-303.10M | $-504.30M | $288.67M | $-242.74M | $-157.91M | $-365.30M | $-305.76M | $-217.08M | $-404.54M | $-175.72M |
| Effect of Forex Changes on Cash | $-8.11M | $2.45M | $-5.97M | $364.00K | $1.33M | $3.49M | $-7.69M | $5.96M | $2.04M | $-12.20M |
| Net Change in Cash | $-85.21M | $-242.99M | $464.83M | $-51.27M | $59.53M | $-127.81M | $273.69M | $-26.79M | $-128.98M | $59.94M |
| Cash at End of Period | $503.61M | $588.82M | $831.80M | $366.97M | $418.24M | $358.71M | $486.51M | $171.45M | $198.24M | $327.22M |
| Cash at Beginning of Period | $588.82M | $831.80M | $366.97M | $418.24M | $358.71M | $486.51M | $212.82M | $198.24M | $327.22M | $267.28M |
| Operating Cash Flow | $355.31M | $345.42M | $259.90M | $345.77M | $284.36M | $288.93M | $224.23M | $251.64M | $181.41M | $212.48M |
| Capital Expenditure | $-94.39M | $-85.02M | $-85.54M | $-77.98M | $-68.97M | $-74.45M | $-69.86M | $-81.71M | $-150.02M | $-251.62M |
| Free Cash Flow | $260.92M | $260.39M | $174.36M | $267.79M | $215.39M | $214.48M | $154.37M | $169.93M | $31.39M | $-39.14M |