What was the total member's equity for Batteries Plus Bulbs in 2024?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| Member’s equity | 301,985 | 323,565 | | | Total liabilities and member’s equity 2024 | $ 4 27,382 2023 | $ 4 29,937 | | 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 |
Source: Item 23 — Receipts (FDD pages 80–279)
What This Means (2025 FDD)
According to Batteries Plus Bulbs's 2025 Franchise Disclosure Document, the total member's equity at the end of 2024 was $301,985. This figure represents the ownership stake of the members in the company after deducting all liabilities from its assets. In comparison, the total member's equity at the end of 2023 was $323,565.
The document also provides a breakdown of how the member's equity changed from the beginning to the end of the year. The net income for the year was $21,345, and there were stock-based compensation adjustments of $529. However, distributions to members totaled $(43,424), and there was a foreign currency translation loss of $(30). These factors contributed to the decrease in total member's equity from 2023 to 2024.
For a prospective franchisee, understanding the member's equity can provide insights into the financial stability and overall health of Batteries Plus Bulbs. A higher member's equity generally indicates a stronger financial position. However, it's also important to consider the factors that influence changes in equity, such as net income, distributions, and other financial adjustments. Reviewing these figures over multiple years can help potential franchisees assess the long-term financial trends of the company.