How much cash did 1 800 Packouts pay for income taxes in 2022?
1_800_Packouts Franchise · 2025 FDDAnswer from 2025 FDD Document
| Balance as of January 1, 2023 | | $ | 77,059,237 | | | Equity-based compensation | | | 201,589 | | | Net | | | (15,967,953) | | | loss | | | | | | Balance as of December 31, 2023 | | | 61,292,873 | | | Equity-based compensation | | | 163,300 | | | Member units issued for acquisition (Note 2) | | | 3,000,000 | | | Repurchase of member units | | | (4,878,129) | | | Net | | | (12,250,006) | | | loss | | | | | | Balance as of December 31, 2024 | | $ | 47,328,038 | |
For the Years Ended December 31,
| STATE | EFFECTIVE DATE | |---|---| | | | | California | | | Hawaii | | | Illinois | | | Indiana | | | Maryland | | | Michigan | | | Minnesota | | | New York | | | North Dakota | | | Rhode Island | | | South Dakota | | | Virginia | | | Washington | | | Wisconsin | | For the Years Ended December 31,
| | 2024 | 2023 | |----------------------------------------------------
Source: Item 23 — RECEIPT (FDD pages 67–238)
What This Means (2025 FDD)
According to 1 800 Packouts's 2025 Franchise Disclosure Document, the total cash paid for income taxes in 2022 was $110,538. This figure is part of the supplemental disclosure of cash flow information provided in the financial statements.
This information is relevant to potential franchisees as it provides insight into the company's cash flow management and tax obligations. Understanding the amount of cash 1 800 Packouts allocates to income taxes can help franchisees assess the financial health and stability of the company.
It's important to note that this figure represents the cash paid for income taxes and may not reflect the total income tax expense for the year, which can include deferred taxes and other adjustments. Franchisees should consider this information in conjunction with other financial data to gain a comprehensive understanding of 1 800 Packouts's tax situation.