The Wendy's Company (WEN)

The Wendy's Company Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 28, 2025	Dec 29, 2024	Dec 31, 2023	Jan 1, 2023	Jan 2, 2022
Net Income	165.08	194.36	204.44	177.37	200.39
Depreciation & Amortization	152.22	143.23	135.79	133.41	125.54
Other Amortization	18.65	21.51	19.63	8.96	5.66
Asset Writedown & Restructuring Costs	11.07	8.49	0.52	-0.36	-31.29
Loss (Gain) From Sale of Investments	-	-	-0.03	-	-0.06
Loss (Gain) on Equity Investments	3.56	2.8	2.08	3.19	5.13
Stock-Based Compensation	14.57	23.02	23.75	24.54	22.02
Other Operating Activities	30.95	-16.72	-17.88	-42.1	-12.22
Change in Accounts Receivable	-19.17	-5.16	0.43	-5.86	-5.61
Change in Inventory	-0.47	0.14	0.44	-1.2	-0.87
Change in Accounts Payable	-8.93	1.03	-8.83	-1.53	7.59
Change in Other Net Operating Assets	-22.98	-17.39	-14.92	-36.52	29.5
Operating Cash Flow	344.54	355.31	345.42	259.9	345.77
Operating Cash Flow Growth	-3.03%	2.86%	32.90%	-24.83%	21.60%
Capital Expenditures	-101.93	-94.39	-85.02	-85.54	-77.98
Sale of Property, Plant & Equipment	-	3.14	2.12	7.78	4.56
Cash Acquisitions	-16.85	-	-	-	-123.07
Divestitures	4.41	1.81	-	0.46	50.56
Investment in Securities	-	-	0.03	-	-9.94
Other Investing Activities	-36.46	-39.86	-3.67	-0.47	1.2
Investing Cash Flow	-150.83	-129.31	-86.55	-77.78	-154.67
Long-Term Debt Issued	475.5	-	-	500	1,100
Long-Term Debt Repaid	-478.54	-49.65	-116.29	-44.06	-983.98
Net Debt Issued (Repaid)	-3.04	-49.65	-116.29	455.94	116.02
Issuance of Common Stock	1.92	32.86	14.67	4.87	30
Repurchase of Common Stock	-203.61	-81.86	-193.43	-55.12	-273.04
Common Dividends Paid	-129.59	-204.44	-209.25	-106.78	-94.85
Other Financing Activities	-9.67	-	-	-10.23	-20.87
Financing Cash Flow	-343.99	-303.1	-504.3	288.67	-242.74
Foreign Exchange Rate Adjustments	4.34	-8.11	2.45	-5.97	0.36
Net Cash Flow	-145.94	-85.21	-242.99	464.84	-51.28
Free Cash Flow	242.62	260.92	260.4	174.36	267.79
Free Cash Flow Growth	-7.02%	0.20%	49.34%	-34.89%	24.33%
Free Cash Flow Margin	11.14%	11.62%	11.94%	8.32%	14.12%
Free Cash Flow Per Share	1.25	1.27	1.23	0.81	1.19
Cash Interest Paid	-	145.25	146.88	144.42	133.28
Cash Income Tax Paid	-	73.6	75.19	47.77	54.78
Levered Free Cash Flow	191.06	232.99	216.57	178.61	246.15
Unlevered Free Cash Flow	270.1	321.85	306.89	268.05	327.88
Change in Working Capital	-51.56	-21.38	-22.88	-45.11	30.6

Updated Feb 13, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q