What was the reported total liabilities and members' deficit 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 LLC | Hardee's SPV Guarantor LLC | Eliminations | The CKE Securitization Entities | |
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ 1,627 | , | $ | $ 3,555 | $ 977 | $ — | $ — | $ 7,320 |
| Cash and cash equivalents - restricted | _ | 16,053 | _ | _ | _ | _ | _ | 16,053 |
| Accounts receivable, net | 10,663 | _ | _ | 10,036 | _ | _ | _ | 20,699 |
| Due from affiliates | 6,860 | 20,696 | _ | 52,060 | 215 | _ | (79,292) | 539 |
| Inventories | 562 | _ | _ | 2,411 | _ | _ | _ | 2,973 |
| Prepaid expenses | _ | 16 | _ | 137 | 20 | _ | _ | 173 |
| Other current assets | 83 | 83 | ||||||
| Total current assets | 19,795 | 37,926 | _ | 68,199 | 1,212 | _ | (79,292) | 47,840 |
| Property and equipment, net | 83,427 | _ | _ | 266,461 | _ | _ | _ | 349,888 |
| Operating lease assets | 317,666 | _ | _ | 93,790 | _ | _ | _ | 411,456 |
| Intangible assets, net | 384,915 | _ | _ | 408,115 | _ | _ | _ | 793,030 |
| Other assets, net | 13,000 | 15,810 | 28,810 | |||||
| Total assets | $ 818,803 | $ 37,926 | $ | $ 852,375 | $ 1,212 | $ | $ (79,292) | $ 1,631,024 |
| LIABILITIES AND MEMBERS' DEFICIT Current liabilities: | ||||||||
| Current portion of long-term debt | $ | $ 5,900 | $ | $ | $ 5,900 | $ | $ — | $ 11,800 |
| Current portion of finance leases | 627 | _ | _ | 641 | _ | _ | _ | 1,268 |
| Current portion of operating leases | 59,930 | _ | _ | 16,312 | _ | _ | _ | 76,242 |
| Accounts payab |
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Hardees's 2025 Franchise Disclosure Document, the total liabilities and members' deficit for Hardee's Restaurants LLC is detailed in the provided financial statements. The statement shows that Hardee's Restaurants LLC reported total liabilities and members' deficit of $852,375.
This figure represents the sum of all the company's debts and obligations to external parties (liabilities) and the accumulated difference between its assets and liabilities from an accounting perspective (members' deficit). In simpler terms, it reflects the overall financial structure of Hardee's Restaurants LLC, indicating how the company's assets are financed through debt and equity.
Prospective franchisees should note that this number is a snapshot in time and can fluctuate. Reviewing these figures in the context of Hardees's overall financial health, including trends over multiple years, is crucial. It's also important to compare these figures with those of other similar franchise systems to gauge Hardees's relative financial stability and leverage. Consulting with a financial advisor is recommended to fully understand the implications of these financial statements.