What was the total amount of stock-based compensation for Batteries Plus Bulbs in 2023?
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 total stock-based compensation for the company in 2023 was $421. This figure reflects the value of stock options or other equity-based awards granted to employees or members as part of their compensation packages.
For a prospective franchisee, this number itself may not have a direct impact on their day-to-day operations. However, it provides insight into Batteries Plus Bulbs's overall financial health and compensation strategies. Stock-based compensation can be a significant expense for a company, and understanding this expense can help franchisees assess the company's profitability and financial stability.
It's important to note that stock-based compensation is a non-cash expense, meaning it doesn't directly impact the company's cash flow. However, it can dilute existing ownership and affect the company's earnings per share. Franchisees may want to inquire about the company's stock option plans and how they could potentially impact the value of their investment in the long term.