What was the cash at the beginning of the year for Ben Jerrys Franchising, Inc. in 2023?
Ben_Jerrys Franchise · 2025 FDDAnswer from 2025 FDD Document
| BEN & JERRY'S FRANCHISING, INC. AND SUBSIDIARY | ||
|---|---|---|
| Consolidated Statements of Cash Flows | ||
| (In Thousands) | ||
| 2023 | 2022 | |
| Cash flows from operating activities: | ||
| Net profit (loss) from operations | 1,161 | (258) |
| Adjustments to reconcile net profit (loss) to net | ||
| cash provided by operating activities: | ||
| Allowance for (recovery of) credit losses | 1 | (61) |
| Depreciation and amortization | 152 | 152 |
| Interest on financing lease | - | (1) |
| Amortization of right of use asset, operating | 77 | 77 |
| Amortization of right of use asset, financing | 36 | 37 |
| Deferred income taxes | 225 | (67) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (54) | (47) |
| Inventories | (37) | 85 |
| Prepaid expenses and other assets | (127) | 54 |
| Due from parent, net | (4,826) | (3,112) |
| Deposits | 4 | - |
| Accounts payable | (136) | (145) |
| Accrued liabilities | (414) | 140 |
| Operating lease obligations | (76) | (73) |
| Current tax liabilities | 165 | - |
| Due to related party | 4,046 | 3,425 |
| Deferred revenue | (74) | (145) |
| Net cash provided by operating activities | 123 | 61 |
| Cash flows from investing activities: | ||
| Purchases of fixed assets | (8) | - |
| Net cash used in investing activities | (8) | - |
| Cash flows from financing activities: | ||
| Payments on financing lease obligations | (36) | (35) |
| Net cash used in financing activities | (36) | (35) |
| Increase in cash | 78 | 26 |
| Cash at beginning of year | 1,308 | 1,282 |
| Cash at end of year | $ 1,386 | $ 1,308 |
| See accompanying notes to consolidated financial statements |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 89–133)
What This Means (2025 FDD)
According to Ben Jerrys's 2025 Franchise Disclosure Document, the cash at the beginning of the year for Ben & Jerry's Franchising, Inc. in 2023 was $1,308 thousand. This figure represents the company's cash balance as of January 1, 2023, which serves as the starting point for tracking cash flow throughout the year. This number is derived from the consolidated statements of cash flows.
For a prospective franchisee, understanding the franchisor's beginning cash balance can provide insights into the company's overall financial health and stability. A strong cash position at the beginning of the year may indicate that Ben Jerrys has sufficient resources to support its operations and invest in growth initiatives. However, it is essential to consider this figure in conjunction with other financial metrics and trends to gain a comprehensive understanding of the company's financial performance.
It's also important to note that these figures are in thousands, so the actual cash at the beginning of the year was $1,308,000. Reviewing the complete financial statements, including the balance sheets and statements of cash flow, will provide a more detailed picture of Ben Jerrys's financial condition.