What was the amount of depreciation and amortization for Basecamp Fitness in 2023?
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 |
Source: Item 23 — RECEIPTS (FDD pages 62–248)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, the depreciation and amortization for 2023 was $6,125 thousand. This figure represents the accounting expense recognized for the reduction in value of Basecamp Fitness's assets due to wear and tear (depreciation) and the spreading of the cost of intangible assets over their useful lives (amortization).
For a prospective franchisee, understanding depreciation and amortization is crucial for assessing the financial health and capital intensity of the Basecamp Fitness franchise system. Higher depreciation and amortization expenses can indicate significant investments in equipment and intangible assets, which may require ongoing maintenance and eventual replacement.
It's important to note that these figures are presented in thousands of U.S. dollars, meaning the actual amount was $6,125,000. This number is part of the broader financial statements and should be analyzed in conjunction with other financial data to gain a comprehensive understanding of Basecamp Fitness's financial performance.