What was the total value of Ben Jerrys' current assets as of the balance sheet date?
Ben_Jerrys Franchise · 2025 FDDAnswer from 2025 FDD Document
the related agreement.
Deferred revenue recognized for the years December 31, 2024 and 2023 was approximately $54 and $33, respectively.
Notes to Consolidated Financial Statements
December 31, 2024 and 2023
(Dollars in Thousands)
(c) Transaction price allocated to remaining performance obligations
Estimated revenue expected to be recognized in the future related to deferred revenue as of December 31, 2024 is as follows:
| INTERIM Q1 2025 Financial Statements Unaudited | |
|---|---|
| As of March 31, 2025 | |
| Ben & Jerry's Franchising, Inc. | |
| Balance Sheet | |
| (In thousands) | |
| Assets | |
| Current assets: | |
| Cash | $ 1 ,503 |
| Accounts Receivable, less allowance for doubtful accounts | |
| of $45 and $115 at March 31, 2022 and 2021, respectively | 363 |
| Due from parent, net | 3 7,043 |
| Inventories | 192 |
| Prepaid expenses and other current assets | 228 |
| Total current assets | 3 9,329 |
| Deferred tax assets | 472 |
| Fixed assets, net | 388 |
| Right of use assets, operating | 250 |
| Intangible assets, net | 705 |
| Total assets | 4 1,144 |
| Liabilities and Equity | |
| Current liabilities: | |
| Accounts payable | $ 673 |
| Accrued liabilities | 1,193 |
| Due to related party | 1 9,399 |
| Current tax liabilities | 458 |
| Current portion of operating lease liability | 79 |
| Deferred revenue | 73 |
| Total current liabilities | 2 1,875 |
| Deferred revenue, non-current | 333 |
| Non-current portion of operating lease liability | 190 |
| Total liabilities | 2 2,398 |
| Equity: | |
| Additional paid-in capital | 1 4,311 |
| Retained earnings | 4,435 |
| Total equity | 1 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 89–133)
What This Means (2025 FDD)
According to Ben & Jerry's 2025 Franchise Disclosure Document, the consolidated balance sheet provides details on the company's assets. As of March 31, 2025, Ben & Jerry's total current assets amounted to $39,329,000. This figure includes several components, such as cash ($1,503,000), accounts receivable ($363,000), due from parent net ($37,043,000), inventories ($192,000), and prepaid expenses and other current assets ($228,000).
For a prospective franchisee, understanding the composition of current assets is crucial. It offers insights into the company's liquidity and short-term financial health. A significant portion of Ben & Jerry's current assets is 'Due from parent, net,' which indicates the financial relationship between Ben & Jerry's and its parent company. This inter-company dynamic is important for franchisees to recognize, as it reflects how Ben & Jerry's manages its finances within the larger corporate structure.
Additionally, the balance sheet from December 31, 2023, shows total current assets of $25,637,000. This earlier balance includes cash ($1,386,000), accounts receivable ($375,000), due from parent net ($23,241,000), inventories ($219,000), and prepaid expenses and other current assets ($416,000). Comparing the two balance sheets gives a sense of the changes in asset values over time. Note that the financial statements are unaudited, so prospective franchisees should be aware that the numbers have not been independently verified.