What was the total stockholder's equity for Benjamin Franklin Plumbing as of December 31, 2023?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
ficant accounting estimates made by management, as well as evaluate the overall presentation of the consolidated financial statements.
- x Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.
April 2, 2025
Authority Brands Inc. and Subsidiaries Consolidated Balance Sheets (In thousands)
| As of December 31, | ||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| Assets | ||||
| Current assets | ||||
| Cash and cash equivalents | $ | 46,193 | $ | 27,119 |
| Restricted cash | 5,631 | 3,314 | ||
| Accounts receivable, net | 34,962 | 33,238 | ||
| Inventory, net | 7,201 | 6,548 | ||
| Prepaid expenses and other current assets | 9,227 | 12,575 | ||
| Total current assets | 103,214 | 82,794 | ||
| Property and equipment, net | 34,635 | 56,407 | ||
| Operating lease right-of-use assets | 13,787 | 15,144 | ||
| Intangible assets, net | 390,904 | 437,885 | ||
| Goodwill, net | 357,205 | 414,349 | ||
| Other assets | 15,968 | 14,422 | ||
| Total assets | $ | 915,713 | $ | 1,021,001 |
| Liabilities and Stockholder's Equity | ||||
| Current liabilities | ||||
| Accounts pay |
Source: Item 22 — CONTRACTS (FDD pages 87–88)
What This Means (2025 FDD)
According to the 2025 FDD, as of December 31, 2023, Benjamin Franklin Plumbing had a total stockholder's equity of $338,201. This figure represents the net worth of the company from the perspective of its stockholders, calculated by subtracting total liabilities from total assets. In comparison, the stockholder's equity as of December 31, 2024, was $236,637, indicating a decrease in stockholder's equity from 2023 to 2024.
Stockholder's equity is a crucial indicator of a company's financial health and stability. A higher equity generally suggests a stronger financial position, while a decreasing equity may raise concerns about the company's profitability or debt management. For a prospective Benjamin Franklin Plumbing franchisee, this information provides insight into the financial backing and overall fiscal management of the franchise system.
It is important to note that while stockholder's equity provides a snapshot of the company's financial position at a specific point in time, it does not reflect the entire financial performance or future prospects of Benjamin Franklin Plumbing. Potential franchisees should consider this figure in conjunction with other financial metrics and information provided in the FDD, such as revenue, expenses, and cash flow statements, to gain a comprehensive understanding of the franchise's financial health. Consulting with a financial advisor is recommended to fully assess the implications of this data for their investment decision.