What was the other income, net, for Aunt Millies Bakeries for the year ending September 30, 2023?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
----------------------------------------------|-------------------------------------|---------------------------------------| | Net income (loss) | $ 14,199,697 | $ (5,256,940) | | Other comprehensive income (loss) Interest rate swap Change in benefit plans, net | | | | | (281,013) | 307,182 | | | 556,711 | (458,749) | | | 275,698 | (151,567) | | Comprehensive income (loss) | $ 14,475,395 | $ (5,408,507) |
PERFECTION BAKERIES, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS Years ended September 30, 2023 and 2022
| 2023 | 2022 | |||
|---|---|---|---|---|
| Cash flows from operations | ||||
| Net income (loss) | $ | 14,199,697 | $ | (5,256,940) |
| Adjustments to reconcile net income (loss) to net cash provided by | , , | |||
| (used for) operations | ||||
| Depreciation and amortization | 8,371,434 | 8,235,893 | ||
| Lease expense | 6,704,501 | - | ||
| Gain from property disposal | (339,370) | (371,313) | ||
| Change in assets and liabilities: | ||||
| Receivables, net | (3,671,470) | (2,874,426) | ||
| Inventories, net | (972,290) | (2,928,397) | ||
| Prepaid expenses | (1,064,138) | (353,554) | ||
| Other assets | (115,533) | 419,033 | ||
| Accounts payable | 1,925,254 | 3,207,295 | ||
| Pension plan withdrawal liability | (507, 177) | (474,913) | ||
| Lease payable | (7,099,381) | - | ||
| Accrued expenses and other liabilities | (508,861) | _ | (4,864,365) | |
| Net cash provided by (used for) operations | 16,922,666 | (5,261,687) | ||
| Cash flows from investing activities | ||||
| Capital expenditures | (6,639,634) | (6,267,927) | ||
| Payments received from notes receivable | 711,589 | 816,239 | ||
| Proceeds received from sale of property | 310,028 | (44,670) | ||
| Net cash used for investing activities | (5,618,017) | (5,496,358) | ||
| Cash flows from financing activities | ||||
| Borrowings on line of credit | 74,936,095 | 68,684,532 | ||
| Payments on line of credit | (80,640,650) | (62,459,825) | ||
| Borrowings on subordinated revolving credit facility | 288,402 | - | ||
Source: Item 23 — RECEIPT (FDD pages 44–196)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the financial statements provided are for Perfection Bakeries, Inc., which include consolidated statements of income for the years ending September 30, 2024, and 2023. However, the term 'other income, net' is not explicitly listed as a line item in the provided statements of income or cash flows.
While the consolidated statements of cash flows include items such as 'Gain from property disposal' which amounted to ($339,370) in 2023, and 'Payments received from notes receivable' which was $711,589 for the same year, these are categorized under cash flows from operations and investing activities, respectively, rather than being classified as 'other income, net.'
To obtain the specific figure for 'other income, net,' a prospective Aunt Millies Bakeries franchisee should directly request this information from the franchisor. Understanding this figure would provide a more complete picture of the company's financial performance beyond its primary operations.