What was the reported cash and cash equivalents for Hardees 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 Hardees's 2025 Franchise Disclosure Document, the reported cash and cash equivalents for Hardee's Restaurants LLC is detailed in the financial statements. One table shows cash and cash equivalents of $3,555. Another table shows cash and cash equivalents of $3,685.
These figures represent the amount of liquid assets readily available to Hardees Restaurants LLC at a specific point in time. Cash and cash equivalents are crucial for covering immediate expenses, managing short-term obligations, and funding day-to-day operations.
A prospective franchisee should be aware of these figures as they provide insight into the financial health and liquidity of Hardees. While these numbers reflect the financial status of the overall Hardees Restaurants LLC, they do not directly indicate the financial performance of an individual franchise location. Understanding the broader financial context of the parent company can still inform a franchisee's expectations and risk assessment.