What was the net change in cash for Beggars Pizza in 2021?
Beggars_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
,221 | 864,598 | | Distributions | (736,087) | (993,346) | | Members' equity - end of year | $ 201,534 | $ 232,400 |
Beggars Pizza Franchise, LLC Statement of Cash Flows For the Year Ended December 31,
| 2022 | 2021 | ||
|---|---|---|---|
| (As Restated) | |||
| Cash flows from operating activities: | $ 705,221 | $ | 864,598 |
| Net income | |||
| Adjustments to reconcile net income to net cash | |||
| provided by operating activities: | |||
| Changes in operating assets and liabilities: Royalty receivables Accounts payable Accrued state taxes Deferred franchise fees | (41,084) (73) 35,669 12,500 | 17,713 (6,348) - 25,000 | |
| Net cash flows from operating activities | 712,233 | 900,963 | |
| Cash flows from financing activities - distributions | (736,087) | (993,346) | |
| Net change in cash | (23,854) | (92,383) | |
| Cash - beginning of the year | 198,397 | 290,780 | |
| Cash - end of the year |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 39)
What This Means (2025 FDD)
According to Beggars Pizza's 2025 Franchise Disclosure Document, the net change in cash for the company in 2021 was a decrease of $92,383. This figure represents the overall increase or decrease in Beggars Pizza's cash balance during that year, taking into account all cash inflows (money coming in) and cash outflows (money going out).
This decrease in cash could be due to a variety of factors, such as increased operating expenses, investments in assets, or distributions to members. For a prospective franchisee, this information provides a glimpse into the financial health and cash management practices of Beggars Pizza. It's important to consider this figure in the context of the company's overall financial performance and trends over multiple years.
It is also important to note that the 2021 financial statements were restated to reflect a PTE Tax payment totaling $35,586 as a distribution to members rather than a miscellaneous expense as previously reported. This restatement could impact the comparability of the 2021 financial data with previous years and should be taken into consideration when analyzing the company's financial performance.