What was the reported amount for 'Intangible assets, net' for Hardee's Restaurants LLC?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
| | (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 | · · · · · · · · · · · · · · · · · · · | | _ | | | | | | | Other long-term liabilities | | | | - 171,552 | | | (9/, 971) | 235,470 | | Total liabilities | 378,238 | 622,0 | - | 310,118 | 589,566 | · | (86,871) | 1,813,102 | | Members' equity (deficit): | 402.261 | (500.0) | 17) | 500.046 | (505.020) | | | (241, 626) | | Members' equity (deficit) | 403,361 | | | 523,849 | | | | (241,636) | | Total liabilities and members' deficit | $ 781,599 | $ 39,14 | | - $ 833,967 | $ 3,627 | | $ (86,871) | $ 1,571,466 |
THE CKE SECURITIZATION ENTITIES COMBINING CONSOLIDATING BALANCE SHEET
(In thousands)
| 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: | ||||||||
| Cash and cash equivalents | $ 2,117 | $ 3,996 | $ | $ 3,685 | $ 2,542 | $ | $ | $ 12,340 |
| Cash and cash equivalents - restricted | 15,942 | _ | _ | _ | _ | _ | 15,942 | |
| Accounts receivable, net | 11,160 | _ | _ | 10,588 | _ | _ | _ | 21,748 |
| Due from affiliates | 11,625 | 20,328 | _ | 56,241 | 238 | _ | (88,007) | 425 |
| Inventories | 559 | _ | _ | 2,293 | _ | _ | 2,852 | |
| Prepaid expenses | 112 | 22 | _ | 314 | 22 | _ | 470 | |
| Other current assets | 79 | _ | _ | _ | _ | _ | 79 | |
| Total current assets | 25,652 | 40,288 | _ | 73,121 | 2,802 | _ | (88,007) | 53,856 |
| Property and equipment, net | 83,156 | _ | _ | 270,737 | _ | _ | 353,893 | |
| Operating lease assets | 304,577 | _ | _ | 91,121 | _ | _ | _ | 395,698 |
| Intangible assets, net | 378,456 | _ | _ | 399,082 | _ | _ | _ | 777,538 |
| Other assets, net | 16,259 | _ | _ | 15,599 | _ | _ | _ | 31,858 |
| Total assets | $ 808,100 | $ 40,288 | $ | $ 849,660 | $ 2,802 | $ | $ (88,007) | $ 1,612,843 |
| LIABILITIES AND MEMBERS' DEFICIT | ||||||||
| Current liabilities: | ||||||||
| Current portion of long-term debt | $ — | $ 5,900 | $ — | $ | $ 5,900 | $ | $ | $ 11,800 |
| Current portion of finance leases | 698 | _ | _ | 817 | _ | _ | _ | 1,515 |
| Current portion of operating leases | 57,919 | _ | _ | 15,854 | _ | _ | _ | 73,773 |
| Accounts payable | 2,676 | _ | _ | 1,791 | _ | _ | _ | 4,467 |
| Due to affi |
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Hardees's 2025 Franchise Disclosure Document, the reported amount for 'Intangible assets, net' for Hardee's Restaurants LLC is $399,082. This figure represents the net value of intangible assets held by Hardee's Restaurants LLC, which may include items such as trademarks, franchise agreements, and other non-physical assets. These assets contribute to the overall value and financial standing of the company.
For a prospective Hardees franchisee, understanding the value and nature of these intangible assets is crucial. These assets, particularly the Hardees brand name and associated trademarks, play a significant role in attracting customers and building brand recognition. The reported value reflects the financial importance of these assets to the Hardees system.
It's important to note that these figures are as of a specific date (January 31, 2024) and can change over time due to various factors, including amortization, impairment, and new acquisitions. Franchisees should consider these intangible assets as part of the overall financial health and brand strength of Hardees when evaluating the franchise opportunity.