What was the net cash provided by operating activities for Hardees during fiscal year 2024?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
| Loss | Total Equity | |||||
|---|---|---|---|---|---|---|
| Balance as of January 31, 2023 | 100 | $ | $ 734,314 | $ (540,277) | $ (1,135) | $192,902 |
| Share-based compensation | _ | 2,124 | _ | _ | 2,124 | |
| Other comprehensive loss | _ | _ | (22) | (22) | ||
| Net Income | 45,129 | 45,129 | ||||
| Balance as of January 31, 2024 | 100 | _ | 736,438 | (495,148) | (1,157) | 240,133 |
| Share-based compensation | _ | 444 | _ | _ | 444 | |
| Other comprehensive income | _ | _ | _ | 1,102 | 1,102 | |
| Other loss | 88 | _ | 88 | |||
| Cash dividends to CKE Holding Corporation | _ | _ | _ | (90,000) | _ | (90,000) |
| Net income | _ | _ | 20,791 | _ | 20,791 | |
| Balance as of January 31, 2025 | 100 | $ | $ 736,970 | $ (564,357) | $ (55) | $172,558 |
CKE RESTAURANTS HOLDINGS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands)
| Fiscal 2025 | Fiscal 2024 | |
|---|---|---|
| Cash flows from operating activities: | ||
| Net income | $ 20,791 | $ 45,129 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 52 |
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Hardees's 2025 Franchise Disclosure Document, the net cash provided by operating activities during fiscal year 2024 was $90,849. This figure represents the cash generated from the company's core business operations, reflecting its ability to manage revenues and expenses effectively. It's a key indicator of Hardees's financial health and operational efficiency.
Specifically, this number is derived from the net income, which was $45,129, adjusted for several non-cash items and changes in working capital. These adjustments include depreciation and amortization ($51,372), amortization of deferred financing costs ($3,417), and other gains or losses. These adjustments reconcile net income to the actual cash generated by operations.
For a prospective Hardees franchisee, understanding the net cash provided by operating activities is crucial. It demonstrates the brand's capacity to generate cash from its daily operations, which can be a good indicator of the potential for individual franchise profitability. A positive and stable net cash flow suggests that Hardees is managing its business effectively and has the financial resources to support its franchisees.
However, it is important to note that this figure reflects the performance of the overall Hardees system and may not be directly indicative of the performance of any single franchise location. Prospective franchisees should conduct their own due diligence, including reviewing the financial performance representations (if any) provided in the FDD and consulting with existing franchisees, to assess the potential financial performance of a Hardees franchise.