What was the 'Stock-based compensation' for Batteries Plus Bulbs in 2024?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| Current assets | |||
|---|---|---|---|
| Cash and cash equivalents | $ 10,716 | $ 26,197 | |
| Accounts receivable, net | 29,858 | 25,763 | |
| Merchandise inventories, net | 56,393 | 48,576 | |
| Prepaid expenses | 4,426 | 4,665 | |
| Due from marketing fund | 668 | 1,034 | |
| Total current assets | 102,061 | 106,235 | |
| Property and equipment | |||
| Furniture, fixtures and equipment | 15,913 | 14,383 | |
| Vehicles | 1,841 | 1,740 | |
| Leasehold improvements | 5,118 | 4,739 | |
| Software | 26,733 | 23,913 | |
| Finance lease right-of-use assets | 502 50,107 | 220 44,995 | |
| Accumulated depreciation | (29,978) | (24,213) | |
| Construction in process | 1,196 | 346 | |
| Total property and equipment | 21,325 | 21,128 | |
| Other assets | |||
| Goodwill, net | 35,709 | 25,051 | |
| Other intangible assets, net | 210,372 | 225,292 | |
| Operating lease right-of-use assets, net | 57,761 | 52,047 | |
| Notes receivable | 154 | 184 | |
| Total other assets | 303,996 | 302,574 | |
| LIABILITIES AND MEMBER’S EQUITY | |||
| Current liabilities | |||
| Accounts payable | $ 40,401 | $ 33,297 | |
| Accrued salaries and benefits | 4,928 | 3,618 | |
| Current portion of note payable - store repurchase | 4,050 | - | |
| Accrued warranty | 3,123 | 3,032 | |
| Other accrued expenses | 2,848 | 3,379 | |
| Due to franchisees | 395 | 380 | |
| Current portion of operating lease liabilities | 6,359 | 5,582 | |
| Current portion of finance lease liability | 99 | 44 | |
| Current portion of contract liability | 512 | 1,073 | |
| Total current liabilities | 62,715 | 50,405 | |
| Non-current liabilities | |||
| Finance lease liability, less current portion | 275 | 131 | |
| Contract termination | 188 | 172 | |
| Note payable - store repurchase | 400 | - | |
| Contract liability, less current portion | 8,223 | 7,319 | |
| Operating lease liabilities, less current portion | 53,596 | 48,345 | |
| Total non-current liabilities | 62,682 | 55,967 | |
| Member’s equity | 301,985 | 323,565 | |
| Total liabilities and member’s equity 2024 | $ 4 27,382 2023 | $ 4 29,937 | |
| Merchandise sales | $ 288,296 | $ 268,600 | |
| Cost of merchandise sold | 173,661 | 160,260 | |
| Gross profit | 114,635 | 108,340 | |
| Other operating income | |||
| Franchise fees | 1,647 | 1,895 | |
| Royalty fees | 23,377 | 23,305 | |
| Supplier commissions | 7,940 | 8,201 | |
| Marketing fund | 25,069 | 19,776 | |
| Other fees | 9,256 | 8,962 | |
| 67,289 | 62,139 | ||
| Operating expenses | |||
| Selling and delivery | 12,494 | 11,435 | |
| Occupancy | 11,047 | 10,130 | |
| General and administrative | 90,186 | 86,987 | |
| Advertising | 2,078 | 2,702 | |
| Marketing fund | 23,912 | 18,625 | |
| Depreciation | |||
| 5,865 | 5,328 | ||
| Amortization | 14,920 160,502 | 14,920 150,127 | |
| Operating income | 21,422 | 20,352 | |
| Other expense (income) | |||
| Interest expense | (75) | (50) | |
| Taxes | (3) | (2) | |
| Interest income | 1 | 3 | |
| Other expense, net | (77) | (49) | |
| NET INCOME | $ 21,345 | $ 20,303 | |
| Other comprehensive loss | |||
| Foreign currency translation loss | (30) | (28) | |
| COMPREHENSIVE INCOME $ 323,565 | $ 21,315 $ 332,251 | $ 20,275 | |
| Total member’s equity at beginning of year | |||
| Net income | 21,345 | 20,303 | |
| Stock-based compensation | 529 | 421 | |
| Distributions to member | (43,424) | (29,382) | |
| Foreign currency translation loss | (30) | (28) | |
| Total member’s equity at end of year | $ 301,985 | $ 323,565 | |
| Adjustments to reconcile net income to net cash | |||
| provided by operating activities: | |||
| Provision for expected credit losses | 338 | 651 | |
| Stock-based compensation expense | 529 | 421 |
Source: Item 23 — Receipts (FDD pages 80–279)
What This Means (2025 FDD)
According to Batteries Plus Bulbs' 2025 Franchise Disclosure Document, the stock-based compensation for the company in 2024 was $529. This figure represents the expense recognized by Batteries Plus Bulbs for stock options or other equity-based compensation provided to its employees or members. Stock-based compensation is a non-cash expense that reflects the value of these equity grants.
For a prospective franchisee, this number itself may not have a direct impact on the operations of their individual franchise unit. However, it provides insight into the overall financial management and compensation strategies of Batteries Plus Bulbs. It is an indicator of how the company values and incentivizes its employees or members at the corporate level.
Understanding the franchisor's financial practices can help a franchisee assess the stability and long-term vision of the company. While stock-based compensation is a common practice in many corporations, its presence and magnitude can reflect the company's approach to employee compensation and its overall financial health.