What was the reported amount for 'Due from affiliates' for Hardee's Restaurants LLC?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
,012 | _ | _ | | 1,108,024 | | Finance leases, less current portion | | | | _ | | 16,706 | _ | _ | _ | | 23,369 | | Operating leases, less current portion | , | | _ | _ | | 80,623 | _ | _ | _ | | 339,680 | | Other long-term liabilities | 66,740 | | (1) | _ | | 184,056 | _ | _ | _ | | 250,801 | | Total liabilities | 404,154 | | 19.807 | | | 325,063 | 589.454 | | (88,007) | | 1,850,471 | | Members' equity (deficit): | | - 0. | 1,007 | | | 343,003 | 307,434 | | (66,007) | | 1,030,471 | | Members' equity (deficit) | 403,940 | (5' | 79,519) | | | 524,597 | (586,652) | | | | (237,628) | | Total liabilities and members' deficit | $ 808,100 | | 40,288 | | $ | 849,660 | $ 2,802 | | $ (88,007) | $ | 1,612,843 | | Total natifices and members deficit | p 008,100 | , a " | +∪,∠00 | φ | Φ | 049,000 | φ 2,802 | $ | φ (00,007) | Ф | 1,012,043 |
THE CKE SECURITIZATION ENTITIES COMBINING CONSOLIDATING BALANCE SHEET
(In thousands)
| January | 3. | Ι, | 202 |
|---|---|---|---|
| | Carl's Jr. Restaurants LLC | Carl's Jr. Funding LLC | Carl's Jr. SPV Guarantor LLC | Hardee's Restaurants LLC | Hardee's Funding L
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Hardees's 2025 Franchise Disclosure Document, the amount listed as 'Due from affiliates' for Hardee's Restaurants LLC is $52,060. This figure represents the balance of transactions or funds owed between Hardee's Restaurants LLC and its related entities or parent company.
'Due from affiliates' is categorized as a current asset on the balance sheet. This indicates that Hardees Restaurants LLC expects to receive these funds from its affiliates within the next year. These transactions can arise from various inter-company activities, such as shared services, loans, or other financial arrangements.
For a prospective Hardees franchisee, this specific figure might not have a direct operational impact. However, it is part of the overall financial health assessment. Understanding the relationship between Hardees and its affiliates can provide insights into the broader financial structure and potential dependencies within the Hardees organization. Reviewing these balances over time can reveal trends in inter-company transactions and their potential impact on Hardees's financial stability.