What was the comprehensive income/loss for Benjamin Franklin Plumbing as of December 31, 2022?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
| 15,748 | | 17,189 | | Operating lease liabilities, current portion | | 4,193 | | 5,070 | | Current maturities on long-term debt | | 4,250 | | 4,250 | | Total current liabilities | | 69,390 | | 64,051 | | Operating lease liabilities, non-current portion | | 10,396 | | 11,077 | | Long-term debt, net | | 551,538 | | 550,949 | | Deferred tax liability, net | | 5,577 | | 17,766 | | Other long-term liabilities | | 42,175 | | 38,957 | | Total liabilities | | 679,076 | | 682,800 | | Stockholder's equity | | 236,637 | | 338,201 | | Total liabilities and stockholder's equity | $ | 915,713 | $ | 1,021,001 |
Authority Brands Inc. and Subsidiaries Consolidated Statements of Comprehensive Loss (In thousands)
| Years Ended December 31, | ||||
|---|---|---|---|---|
| 2024 | 2023 | 2022 | ||
| Revenues | ||||
| Franchise service fees | $ 166,401 | $ | 159,766 | $ 143,344 |
| Franchise sales fees | 12,601 | 13,965 | 5,222 | |
| Residential services | 215,263 | 211,880 | 186,266 | |
| Other revenues | 33,549 | 31,557 | 29,105 | |
| Total revenues | 427,814 | 417,168 | 363,937 | |
| Costs and expenses | ||||
| Franchise support expenses | 120,744 | 114,923 | 92,169 | |
| Franchise sales expenses | 6,286 | 5,125 | 2,355 | |
| Residential service expenses | 174,377 | 173,375 | 146,955 | |
| General and administrative expenses | 75,267 | 57,446 | 51,338 | |
| Stock-based compensation expenses | 2,922 | 6,006 | 21,820 | |
| Management fees and expenses | 539 | 500 | 345 | |
| Transaction costs | 15 | 4,149 |
Source: Item 22 — CONTRACTS (FDD pages 87–88)
What This Means (2025 FDD)
According to Benjamin Franklin Plumbing's 2025 Franchise Disclosure Document, the comprehensive loss as of December 31, 2022, was approximately $35,630. This figure represents the overall financial performance of Benjamin Franklin Plumbing, taking into account all revenues, expenses, and other gains or losses during that period. This information is derived from the consolidated statements of comprehensive loss.
Specifically, the net loss for Benjamin Franklin Plumbing as of December 31, 2022, was also reported as approximately $35,630. The document indicates that there was no other comprehensive income, meaning the net loss is equal to the comprehensive loss. This net loss factors in total revenues of $363,937 and total costs and expenses of $384,455, resulting in an operating loss of $20,518. After accounting for interest expense and income tax benefits, the net loss was determined to be $35,630.
Prospective franchisees should note that this comprehensive loss reflects the overall financial health of the Benjamin Franklin Plumbing brand at the corporate level. While this provides insight into the franchisor's financial stability, it does not directly indicate the potential profitability of an individual franchise location. Franchisees should conduct their own financial analysis and due diligence to project potential earnings for their specific territory and business operations.