What was the total value of Benihana's stockholders' equity at December 31, 2021?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
| December 31, 2022 | December 31, 2021 | ||
|---|---|---|---|
| LIABILITIES AND STOCKHOLDERS' EQUITY | |||
| Stockholders' equity: | |||
| Common stock, $0.0001 par value, 75,000,000 shares authorized; 32,829,995 issued | |||
| and 31,735,423 outstanding at December 31, 2022 and 32,138,396 shares issued and | |||
| 32,125,762 outstanding at December 31, 2021 | 3 | 3 | |
| Preferred stock, $0.0001 par value, 10,000,000 shares authorized; no shares issued | |||
| and outstanding at December 31, 2022 and December 31, 2021, respectively | — | — | |
| Treasury stock, 1,094,572 and 12,634 shares at cost at December 31, 2022 and | |||
| December 31, 2021, respectively | (7,169) | (37) | |
| Additional paid-in capital | 55,583 | 53,481 | |
| Retained earnings | 24,166 | 10,632 | |
| Accumulated other comprehensive loss | (2,869) | (2,645) | |
| Total stockholders' equity | 69,714 | 61,434 |
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, the total stockholders' equity at December 31, 2021, was $61,434. The components of the stockholders' equity include common stock, which had a par value of $0.0001 with 32,138,396 shares issued and 32,125,762 outstanding.
Additionally, treasury stock was valued at ($37), representing 12,634 shares. The additional paid-in capital amounted to $53,481, and retained earnings were $10,632. There was also an accumulated other comprehensive loss of ($2,645).
Understanding the composition of stockholders' equity can be valuable for a prospective Benihana franchisee. It provides insight into the financial structure and overall net worth of the company. Reviewing these figures over time, as presented in the FDD, can reveal trends and inform investment decisions.