What was the total amount of goodwill reported by The Standardx as of March 31, 2025?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
| March 31, 2025 | December 31, 2024 | |
|---|---|---|
| Cash and cash equivalents | $ 1 | $ 2 |
| Receivables | 30 | 15 |
| Total current assets | 31 | 17 |
| Operating lease right-of-use assets | 1 | 1 |
| Goodwill | 163 | 147 |
| Intangibles, net | 534 | 515 |
| Other assets | 53 | 50 |
| Total assets | $ 782 | $ 730 |
| Accounts payable | $ 16 | $ 15 |
| Accrued expenses and other current liabilities | 1 | 1 |
| Total current liabilities | 17 | 16 |
| Long-term operating lease liabilities | 1 | 1 |
| Other long-term liabilities | 169 | 161 |
| Total liabilities | $ 187 | $ 178 |
Source: Item 1 — Financial Statements. (FDD pages 156–187)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, the company reported goodwill of $163 million as of March 31, 2025. Goodwill represents the intangible assets acquired through business combinations, reflecting the value of a company's brand reputation, customer relationships, and other factors that aren't separately identifiable. This figure is an increase from the $147 million reported on December 31, 2024.
The goodwill is attributable to the growth opportunities The Standardx expects to realize by expanding its all-inclusive resort offerings. The FDD specifies that goodwill is not tax deductible. At the time of the financial statement, The Standardx had not completed the assignment of goodwill to reporting units.
For a prospective franchisee, understanding the goodwill reported by The Standardx can provide insight into the company's growth strategy and recent acquisitions. The increase in goodwill from December 31, 2024, to March 31, 2025, may reflect recent acquisitions or business developments that The Standardx believes will contribute to future growth. However, it's important to note that goodwill is subject to impairment testing, and a significant impairment could negatively impact the company's financial position.