What was the reported amount for 'Prepaid expenses' 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 Hardee's 2025 Franchise Disclosure Document, Hardee's Restaurants LLC reported prepaid expenses of $137. This figure is part of the consolidated balance sheet, reflecting the company's financial position. Prepaid expenses are costs that Hardee's has paid in advance for goods or services to be received in the future, such as insurance premiums or rent.
For a prospective Hardee's franchisee, understanding the parent company's financial health is crucial. While the franchisee's own prepaid expenses will depend on their specific operations, this figure provides insight into how Hardee's manages its own financial obligations. It's a relatively small portion of Hardee's total current assets, which amount to $68,199.
Reviewing the complete financial statements, including assets, liabilities, and equity, helps potential franchisees assess the overall financial stability of Hardee's. This information, combined with other due diligence, can inform their decision-making process when considering investing in a Hardee's franchise.