What was the reported amount for 'Accounts receivable, net' for Hardee's Restaurants LLC?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
855 | $ | 59,155 | | Income taxes | | 6,390 | | 5,737 | | Non-cash activities: | | | | | | Operating lease assets obtained in exchange for new operating lease liabilities | | 53,232 | | 65,562 | | Contributed property and equipment (1) | | 30,130 | | 28,511 | | Contributed other assets (1) | | 6,681 | | 3,730 | | Contributed assets for the CKE Restaurants Acquisition (see Note 5) (1) | | 111 | | 3,438 |
(1) Contributed property and equipment, contributed other assets and contributed assets for the CKE Restaurants Acquisition represent assets purchased by CKE Restaurants and certain of its wholly owned subsidiaries on behalf of the CKE Securitization Entities pursuant to the Management Agreement. For accounting purposes, these purchases are treated as non-cash contributions to the CKE Securitization Entities.
THE CKE SECURITIZATION ENTITIES COMBINING CONSOLIDATING BALANCE SHEET (In thousands)
January 31, 2025
| Carl's Jr. Restaurants LLC | Carl's Jr. Funding LLC | Carl's Jr. SPV Guarantor LLC | Hardee's Restaurants LLC | Hardee's Funding LLC | Hardee's SPV Guarantor LLC | Eliminations | The CKE Securitization Entities | |
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current assets: | ф 1.24 7 | -a • | - $ 3.393 | , e 2.20 5 | Ф | s | e 10.501 | |
| Cash and cash equivalents | 52 $ — | - $ 3,397 | 7 $ 3,385 | » — | » — | $ 10,581 | ||
| Cash and cash equivalents - restricted | 18,1 | - - | _ | _ | 18,147 | |||
| Accounts receivable, net | , | - 12,702 | _ | (06, 071) | 23,790 | |||
| Due from affiliates | * | * | - 57,488 | _ | (86,871) | 2,458 | ||
| Inventories | - 2,459 | _ | _ | 2,987 | ||||
| Prepaid expenses | - 539 | _ | _ | 721 | ||||
| Other current assets | _ | |||||||
| Total current assets | · · · · · · · · · · · · · · · · · · · | 14 | - 76,585 | , | _ | (86,871) | 58,684 | |
| Property and equipment, net | · · · · · · · · · · · · · · · · · · · | - 259,388 | _ | _ | 343,242 | |||
| Operating lease assets | · · · · · · · · · · · · · · · · · · · | - 87,023 | _ | _ | 370,418 | |||
| Intangible assets, net | - 388,702 | _ | _ | 760,749 | ||||
| Other assets, net | 16,104 | - 22,269 | 38,373 | |||||
| Total assets | $ 781,599 | $ 39,14 | - $ 833,967 | $ 3,627 | $ | $ (86,871) | $ 1,571,466 | |
| LIADH ITHEC AND MEMBERS' DEFICIT | ||||||||
| LIABILITIES AND MEMBERS' DEFICIT Current liabilities: | ||||||||
| Current portion of long-term debt | s | · $ 5.90 | 00 $ _ | - s - | - $ 5.900 | s | s | $ 11,800 |
| Current portion of finance leases | -,- | - 921 | , | _ | _ | 1,512 | ||
| Current portion of operating leases | _ | - 15,846 | _ | _ | 73,887 | |||
| Accounts payable | ' | 3 - | - 1,470 | _ | _ | 3.073 | ||
| Due to affiliates | ' | _ | - 7,533 | (86,871) | 2,141 | |||
| Other current liabilities | · · · · · · · · · · · · · · · · · · · | - 19,945 - 19,945 | · · · · · · · · · · · · · · · · · · · | (60,671) | 36,700 | |||
| Total current liabilities | - 45,715 | (86,871) | 129,113 | |||||
| Long-term debt, less current portion | ' | , | - 45,715 | , | _ | (80,871) | 1,112,394 | |
| Finance leases, less current portion | ' | _ | - - 15,783 | · · · · · · · · · · · · · · · · · · · | _ | _ | 21,279 | |
| • | _ | - 13,783 - 77,068 | _ | _ | 314,846 | |||
| Operating leases, less current portion | · · · · · · · · · · · · · · · · · · · |
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Hardees's 2025 Franchise Disclosure Document, the 'Accounts receivable, net' for Hardee's Restaurants LLC is detailed in the financial statements. In one statement, the reported amount for 'Accounts receivable, net' is $10,588. A second statement lists the amount as $10,036.
'Accounts receivable, net' represents the money owed to Hardees by its customers or other parties, less any allowance for doubtful accounts (i.e., amounts that may not be collectible). This figure is an important indicator of Hardees's financial health and its ability to manage credit and collections effectively.
Prospective franchisees should understand that accounts receivable can fluctuate based on various factors, including sales volume, credit terms offered to customers, and the efficiency of collection efforts. Monitoring this figure over time can provide insights into the stability and performance of Hardees's business operations.