What was the total amount of stock-based compensation for Batteries Plus Bulbs?
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 the 2025 Batteries Plus Bulbs Franchise Disclosure Document, the stock-based compensation for the years 2024 and 2023 is detailed. In 2024, the stock-based compensation totaled $529, while in 2023, it amounted to $421. This information is part of the reconciliation of net income to net cash provided by operating activities.
Stock-based compensation represents the value of stock options or stock grants awarded to employees or members as part of their compensation package. This is a non-cash expense, meaning it doesn't involve an actual outflow of cash but rather an allocation of the company's equity. For a prospective franchisee, understanding stock-based compensation can provide insights into the company's overall financial health and how it incentivizes its management and employees.
It's important to note that while stock-based compensation doesn't directly impact the franchisee's operations, it does affect the overall profitability and equity structure of Batteries Plus Bulbs. Franchisees may want to inquire about the company's long-term equity plans and how they align with the franchisor's growth and stability. Understanding these aspects can help franchisees assess the franchisor's commitment to sustainable business practices and financial management.