Consolidating Financial Information (Tables)

3 Months Ended

Mar. 31, 2013

March 31, 2013

(In millions⁽¹⁾)



	Parent			Combined Guarantor Subsidiaries		Combined Non-guarantor Subsidiaries			Eliminations and Reclassification			Consolidated
Assets
Current Assets
Cash and cash equivalents	$	52.8		$	63.7	$	0.9		$	—		$	117.4
Receivables, net	3.3			86.2		0.1			(8.0		)	81.6
Prepaid expenses and other current assets	165.4			49.5		—			(165.4		)	49.5
Deferred income taxes	(1.8		)	21.1		0.8			—			20.0
Assets held for sale	—			—		—			—			—
Intercompany	(382.5		)	377.0		5.5			—			—
Total current assets	(162.9		)	597.4		7.3			(173.4		)	268.5
Long-term receivables	—			208.3		—			—			208.3
Property and equipment, net	23.1			265.7		0.9			—			289.7
Goodwill	—			697.5		—			—			697.5
Other intangible assets, net	—			803.1		—			—			803.1
Other assets, net	18.3			92.3		—			—			110.6
Investment in subsidiaries	1,697.6			—		—			(1,697.6		)	—
Total assets	$	1,576.1		$	2,664.3	$	8.3		$	(1,871.0	)	$	2,377.7
Liabilities and Stockholders’ Equity
Current Liabilities
Current maturities of long-term debt	$	12.7		$	—	$	—		$	(8.0	)	$	4.7
Accounts payable	1.9			30.3		—			—			32.2
Accrued employee compensation and benefits	5.5			5.4		—			—			11.0
Gift card liability	—			107.4		—			—			107.4
Other accrued expenses	22.5			213.9		0.1			(165.4		)	71.1
Total current liabilities	42.7			357.0		0.1			(173.4		)	226.3
Long-term debt	1,204.4			—		—			—			1,204.4
Financing obligations	—			52.0		—			—			52.0
Capital lease obligations	—			121.5		—			—			121.5
Deferred income taxes	2.1			350.4		(0.2		)	—			352.2
Other liabilities	5.8			93.4		1.0			—			100.2
Total liabilities	1,255.0			974.3		0.9			(173.4		)	2,056.7
Total stockholders’ equity	321.2			1,690.0		7.4			(1,697.6		)	321.0
Total liabilities and stockholders’ equity	$	1,576.1		$	2,664.3	$	8.3		$	(1,871.0	)	$	2,377.7

⁽¹⁾ Supplemental statements presented in millions may not foot/crossfoot due to rounding from Consolidated Statements presented in thousands.

Supplemental Condensed Consolidating Balance Sheet

December 31, 2012

(In millions⁽¹⁾)



	Parent			Combined Guarantor Subsidiaries		Combined Non-guarantor Subsidiaries			Eliminations and Reclassification			Consolidated
Assets
Current Assets
Cash and cash equivalents	$	9.9		$	54.0	$	0.6		$	—		$	64.5
Receivables, net	2.8			133.7		0.1			(8.0		)	128.6
Prepaid expenses and other current assets	151.3			64.6		—			(136.3		)	79.5
Deferred income taxes	(3.2		)	24.1		0.8			—			21.8
Intercompany	(394.9		)	389.0		6.0			—			—
Total current assets	(234.1		)	665.4		7.5			(144.3		)	294.5
Long-term receivables	—			212.3		—			—			212.3
Property and equipment, net	23.2			270.2		0.9			—			294.4
Goodwill	—			697.5		—			—			697.5
Other intangible assets, net	—			806.1		—			—			806.1
Other assets, net	18.4			92.3		—			—			110.7
Investment in subsidiaries	1,697.6			—		—			(1,697.6		)	—
Total assets	$	1,505.1		$	2,743.8	$	8.5		$	(1,841.9	)	$	2,415.4
Liabilities and Stockholders’ Equity
Current Liabilities
Current maturities of long-term debt	$	15.4		$	—	$	—		$	(8.0	)	$	7.4
Accounts payable	1.4			29.3		0.1			—			30.8
Accrued employee compensation and benefits	9.4			13.0		—			—			22.4
Gift card liability	—			161.7		—			—			161.7
Other accrued expenses	(42.5		)	223.8		0.5			(136.3		)	45.5
Total current liabilities	(16.3		)	427.8		0.6			(144.3		)	267.8
Long-term debt	1,202.1			—		—			—			1,202.1
Financing obligations	—			52.0		—			—			52.0
Capital lease obligations	—			124.4		—			—			124.4
Deferred income taxes	4.7			357.7		(0.2		)	—			362.2
Other liabilities	5.6			91.9		0.7			—			98.2
Total liabilities	1,196.1			1,053.8		1.1			(144.3		)	2,106.6
Total stockholders’ equity	309.0			1,690.0		7.4			(1,697.6		)	308.8
Total liabilities and stockholders’ equity	$	1,505.1		$	2,743.8	$	8.5		$	(1,841.9	)	$	2,415.4

⁽¹⁾ Supplemental statements presented in millions may not foot/crossfoot due to rounding from Consolidated Statements presented in thousands.

For the Three Months Ended March 31, 2013

(In millions⁽¹⁾)



	Parent			Combined Guarantor Subsidiaries			Combined Non-guarantor Subsidiaries			Eliminations and Reclassification			Consolidated
Revenues
Franchise and restaurant revenues	$	0.7		$	127.3		$	0.3		$	—		$	128.3
Rental revenues	—			31.0			—			—			31.0
Financing revenues	—			3.8			—			—			3.8
Total revenue	0.7			162.1			0.3			—			163.2
Franchise and restaurant expenses	0.8			43.6			—			—			44.5
Rental expenses	—			24.3			—			—			24.3
Financing expenses	—			—			—			—			—
General and administrative	9.2			24.5			0.3			—			34.0
Interest expense	25.0			0.3			—			—			25.3
Amortization of intangible assets	—			3.1			—			—			3.1
Impairment and closure	—			0.7			0.1			—			0.8
Gain on disposition of assets	—			(0.1		)	(0.3		)	—			(0.3		)
Loss on extinguishment of debt	—			—			—			—			—
Debt modification costs	1.3			—			—			—			1.3
Intercompany dividend	(39.8		)	—			—			39.8			—
Income (loss) before income taxes	4.2			65.7			0.1			(39.8		)	30.2
Benefit (provision) for income taxes	14.1			(26.0		)	—			—			(12.0		)
Net (loss) income	$	18.2		$	39.7		$	0.1		$	(39.8	)	$	18.2
Total comprehensive income	$	18.2		$	39.7		$	0.1		$	(39.8	)	$	18.2

Supplemental Condensed Consolidating Statement of Income and Comprehensive Income

For the Three Months Ended March 31, 2012

(In millions⁽¹⁾)



	Parent			Combined Guarantor Subsidiaries			Combined Non-guarantor Subsidiaries			Eliminations and Reclassification			Consolidated
Revenues
Franchise and restaurant revenues	$	0.6		$	208.4		$	0.3		$	—		$	209.3
Rental revenues	—			32.0			—			—			32.0
Financing revenues	—			4.3			—			—			4.3
Total revenue	0.6			244.7			0.3			—			245.6
Franchise and restaurant expenses	0.6			111.2			—			—			111.8
Rental expenses	—			24.5			—			—			24.5
Financing expenses	—			0.7			—			—			0.7
General and administrative	7.1			32.1			0.5			—			39.6
Interest expense	27.4			2.8			—			—			30.2
Amortization of intangible assets	—			3.1			—			—			3.1
Impairment and closure	—			0.4			0.3			—			0.7
Gain on disposition of assets	—			(16.4		)	(0.3		)	—			(16.7		)
Loss on extinguishment of debt	2.6			—			—			—			2.6
Intercompany dividend	(54.1		)	—			—			54.1			—
Income (loss) before income taxes	17.0			86.3			(0.2		)	(54.1		)	49.0
Benefit (provision) for income taxes	14.3			(32.0		)	—			—			(17.7		)
Net (loss) income	$	31.3		$	54.3		$	(0.2	)	$	(54.1	)	$	31.3
Total comprehensive income	$	31.3		$	54.5		$	(0.2	)	$	(54.1	)	$	31.5

⁽¹⁾ Supplemental statements presented in millions may not foot/crossfoot due to rounding from Consolidated Statements presented in thousands.

For the Three Months Ended March 31, 2013

(In millions⁽¹⁾)



	Parent			Combined Guarantor Subsidiaries			Combined Non-guarantor Subsidiaries		Eliminations and Reclassification	Consolidated
Cash flows provided by (used in) operating activities	$	(14.5	)	$	85.5		$	0.2	—	$	71.2
Investing cash flows:
Additions to property and equipment	(0.9		)	(0.6		)	—		—	(1.5		)
Principal receipts from long-term receivables	—			—			—		—	3.8
Proceeds from sale of assets	—			3.8			—		—	—
Other	—			0.1			—		—	0.1
Cash flows provided by (used in) investing activities	(0.9		)	3.3			—		—	2.4
Financing cash flows:
Payment of debt	(1.2		)	(2.5		)	—		—	(3.7		)
Payment of debt modification costs	(1.3		)	—			—		—	(1.3		)
Purchase of common stock	—			—			—		—	—
Dividends paid on common stock	(14.5		)	—			—		—	(14.5		)
Restricted cash	—			(2.7		)	—		—	(2.7		)
Other	1.3			0.1			—		—	1.4
Intercompany transfers	74.0			(74.0		)	—		—	—
Cash flows provided by (used in) financing activities	58.2			(79.0		)	—		—	(20.8		)
Net change	42.9			9.7			0.2		—	52.8
Beginning cash and equivalents	9.9			54.0			0.6		—	64.5
Ending cash and equivalents	$	52.8		$	63.7		$	0.9	—	$	117.4

Supplemental Condensed Consolidating Statement of Cash Flows

For the Three Months Ended March 31, 2012

(In millions⁽¹⁾)



	Parent			Combined Guarantor Subsidiaries			Combined Non-guarantor Subsidiaries			Eliminations and Reclassification	Consolidated
Cash flows provided by (used in) operating activities	$	(15.0	)	$	59.8		$	(0.1	)	—	$	44.7
Investing cash flows:
Additions to property and equipment	(1.3		)	(2.8		)	—			—	(4.1		)
Principal receipts from long-term receivables	—			3.4			—			—	3.4
Proceeds from sale of assets	—			21.4			—			—	21.4
Other	—			0.7			—			—	0.7
Cash flows provided by (used in) investing activities	(1.3		)	22.7			—			—	21.4
Financing cash flows:
Payment of debt	(76.0		)	(3.0		)	—			—	(79.0		)
Restricted cash	—			(2.6		)	—			—	(2.6		)
Other	3.1			0.4			—			—	3.6
Intercompany transfers	87.0			(87.5		)	0.5			—	—
Cash flows provided by (used in) financing activities	14.1			(92.7		)	0.5			—	(78.1		)
Net change	(2.2		)	(10.2		)	0.4			—	(12.0		)
Beginning cash and equivalents	9.9			50.4			0.4			—	60.7
Ending cash and equivalents	$	7.7		$	40.2		$	0.8		—	$	48.7

⁽¹⁾ Supplemental statements presented in millions may not foot/crossfoot due to rounding from Consolidated Statements presented in thousands.