What was the contract liability, less current portion, for Batteries Plus Bulbs in 2024?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
e assets | 220 44,995 | 786 38,610 | | | Accumulated depreciation | (24,213) | (18,887) | | | Construction in process | 346 | 729 | | | | Total property and equipment | 21,128 | 20,452 | | Other assets | | | | | Goodwill, net | 25,051 | 23,628 | | | Other intangible assets, net | 225,292 | 240,212 | | | Operating lease right-of-use assets, net | 52,047 | 49,306 | | | Notes receivable | 184 | 213 | | | | Total other assets | 302,574 | 313,359 | | | Total assets | $ 429,937 | $ 429,134 |# LIST OF FORMER FRANCHISEES as of December 31, 2024
TRANSFERRED FRANCHISE TO NEW FRANCHISEE
| LIABILITIES AND MEMBER'S EQUITY | |||
|---|---|---|---|
| Current liabilities | |||
| Accounts payable | $ 33,297 | $ 23,497 | |
| Accrued salaries and benefits | 3,618 | 7,046 | |
| Note payable - store repurchase | - | 930 | |
| Accrued warranty | 3,032 | 2,960 | |
| Other accrued expenses | 3,379 | 2,829 | |
| Due to franchisees | 380 | - | |
| Current portion of operating lease liabilities | 5,582 | 5,915 | |
| Current portion of finance lease liability | 44 | 100 | |
| Current portion of contract liability | 1,073 | 1,372 | |
| Total current liabilities | 50,405 | 44,649 | |
| Non-current liabilities |
Source: Item 23 — Receipts (FDD pages 80–279)
What This Means (2025 FDD)
According to Batteries Plus Bulbs' 2025 Franchise Disclosure Document, the contract liability, less the current portion, was $8,223 in 2024. This figure represents the long-term portion of deferred revenue or obligations that Batteries Plus Bulbs owes to its customers or franchisees related to contracts. It excludes the portion of these liabilities that are due within one year, which is classified as a current liability.
For a prospective franchisee, this number provides insight into the financial obligations of Batteries Plus Bulbs extending beyond the current year. It reflects the company's deferred revenue or service commitments. Understanding the nature of these contract liabilities is crucial for assessing the financial stability and long-term commitments of Batteries Plus Bulbs.
Reviewing this liability alongside other financial metrics, such as current liabilities, total assets, and revenue, can offer a more comprehensive view of the company's financial health. A significant increase in contract liabilities might indicate substantial growth in deferred revenue, while a decrease could suggest the fulfillment of existing contractual obligations.