What was the total cash provided by operating activities for All Team in 2022?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
(16,373) | | (16,373) | | Balance at December 31, 2023 | $ 1,000 | $ 119,000 | $ | 712,933 | $ | 832,933 |
ALL TEAM FRANCHISE CORPORATION STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022
| 2023 2022 | ||
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income | $ 201,944 | $ 224,177 |
| Adjustments to reconcile net income to net cash | ||
| provided by operating activities: | ||
| Allowance for credit losses | 5,501 | 6,000 |
| Changes in account balances: | ||
| Accounts receivable - trade | 1,387,458 | 34,529 |
| Prepaid expenses | (16,270) | 35 |
| Advances | (605,008) | (169,476) |
| Due from IRS | (49,780) | |
| Accounts payable-trade | 3,528 | - |
| Accrued expenses | (45,671) | 51,228 |
| Other funding liabilities | (326,541) | 818,817 |
| Total Adjustments | 353,217 | 741,133 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 33)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, the total cash provided by operating activities in 2022 was $965,310. This figure represents the net cash flow generated from the company's core business operations during that year. It's an important indicator of All Team's ability to generate sufficient cash to maintain and grow its business.
For a prospective franchisee, understanding the cash flow from operating activities provides insight into the financial health and stability of All Team. A positive cash flow suggests that the company is effectively managing its revenues and expenses. This can be a reassuring factor when considering investing in an All Team franchise.
It is important to note that this figure is based on All Team's financial statements and may not be indicative of the performance of individual franchise locations. Prospective franchisees should conduct their own due diligence and consult with financial advisors to assess the potential financial performance of an All Team franchise in their specific market.