What was the amount of accounts receivable, net, for Basecamp Fitness in 2022?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
| (in thousands of US dollars) | 2024 2023 2022 | |
|---|---|---|
| Cash flows from operating activities | ||
| Net income | $ 113,091 $ 54,308 $ 60,705 | |
| Adjustments to reconcile net income to net cash flows | ||
| from operating activities | ||
| Depreciation and amortization | 13,831 6,125 2,705 | |
| Amortization of debt issuance costs, included in interest expense | 3,970 1,740 1,740 | |
| Loss on sale of property and equipment | - 112 2 | |
| (Gain) loss on sale or closure of fitness center operations | (481) - 4 | |
| Operating right-of-use assets and operating lease liabilities, net | (107) (58) 130 | |
| Changes in assets and liabilities | ||
| Accounts receivable, net | (2,966) (1,398) 1,000 | |
| Vendor rebates receivable | (699) (944) (726) | |
| Due from related parties | (299) 333 (61) | |
| Inventory | (1,831) (552) (676) | |
| Prepaid expenses and other assets | (6,035) 1,984 (2,196) | |
| Deferred costs | 2,083 302 76 | |
| Accounts payable and other accrued expenses | 1,226 4,001 (1,076) | |
| Due to related parties | (109) (253) 142 | |
| Deferred revenue | 5,154 1,004 2,545 | |
| Net cash flows provided by operating activities | 126,828 66,704 64,314 |
Source: Item 23 — RECEIPTS (FDD pages 62–248)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, the accounts receivable, net, for 2022 was $1,000 (in thousands of U.S. dollars). This figure reflects the money owed to Basecamp Fitness by its customers or franchisees, adjusted for any potential uncollectible amounts.
Accounts receivable is a crucial asset for any business, representing revenue that has been earned but not yet collected. The 'net' value indicates that Basecamp Fitness has already accounted for potential losses from customers who may not pay their dues. This provides a more realistic view of the company's financial health.
For a prospective franchisee, understanding the accounts receivable trends can offer insights into the financial stability and revenue collection efficiency of Basecamp Fitness. A healthy accounts receivable balance suggests that franchisees are generally meeting their financial obligations, which can be a positive indicator for the overall health of the franchise system.