What was the total value of Auntie Annes' assets on December 25, 2022?
Auntie_Annes Franchise · 2024 FDDAnswer from 2024 FDD Document
| December 31, 2023 | December 25, 2022 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 22,662 | $ 31,196 |
| Restricted cash and cash equivalents - securitization | 29,582 | 27,456 |
| Accounts receivable, net of allowance for credit losses of | ||
| $1,143 and $1,383 in 2023 and 2022, respectively | 37,049 | 31,935 |
| Inventories | 978 | 1,116 |
| Prepaid expenses and other current assets | 9,263 | 8,720 |
| Advertising funds assets | 7,643 | 6,972 |
| Intercompany receivables from Parent | 3,277 | 3,277 |
| Total current assets | 110,454 | 110,672 |
| Property, equipment, leasehold improvements and land, net | 71,199 | 59,734 |
| Operating lease assets, net | 69,535 | 75,786 |
| Goodwill | 122,714 | 120,682 |
| Intangible assets, net | 495,389 | 496,111 |
| Long-term other assets | 13,305 | 13,532 |
| Total assets | $ 882,596 | $ 876,517 |
Source: Item 23 — RECEIPTS (FDD pages 106–366)
What This Means (2024 FDD)
According to Auntie Annes' 2024 Franchise Disclosure Document, the company's total assets amounted to $876,517 as of December 25, 2022. This figure represents the sum of all resources owned or controlled by Auntie Annes that have monetary value. These assets are categorized into several types, including current assets, property, equipment, leasehold improvements, land, operating lease assets, goodwill, intangible assets, and long-term other assets.
Specifically, the current assets totaled $110,672, encompassing items like cash and cash equivalents ($31,196), restricted cash ($27,456), accounts receivable ($31,935), inventories ($1,116), prepaid expenses ($8,720), advertising funds assets ($6,972), and intercompany receivables from the parent company ($3,277). Non-current assets included property, equipment, leasehold improvements and land, net ($59,734), operating lease assets, net ($75,786), goodwill ($120,682), intangible assets, net ($496,111), and long-term other assets ($13,532).
For a prospective franchisee, understanding the asset composition of Auntie Annes provides insight into the financial health and stability of the company. A substantial asset base can indicate a strong financial position, which may translate to better support and resources for franchisees. However, it is also important to consider how these assets are financed, which is reflected in the liabilities and equity sections of the balance sheet. Reviewing these figures in conjunction with revenue and expense data can offer a more comprehensive view of the company's financial performance.