What was the reported amount for 'Cash and cash equivalents' 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 |
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Hardee's 2025 Franchise Disclosure Document, Hardee's Restaurants LLC reported two different amounts for 'Cash and cash equivalents' in their financial statements. The first excerpt shows $3,555 for 'Cash and cash equivalents'.
The second excerpt provides a slightly different figure for the same item. In this excerpt, Hardee's Restaurants LLC reported $3,685 for 'Cash and cash equivalents'.
It is important to note that these figures represent the cash and cash equivalents held by Hardee's Restaurants LLC at a specific point in time, and this amount can fluctuate. A prospective franchisee should inquire about the reasons for the difference in reported cash amounts between the two statements and understand how the franchisor manages its cash flow.