What was the net cash used in investing activities for Ben Jerrys 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) | - |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 89–133)
What This Means (2025 FDD)
According to Ben Jerrys's 2025 Franchise Disclosure Document, the net cash used in investing activities in 2023 was $(8) thousand. This indicates that Ben Jerrys spent $8,000 more than it received from its investing activities during that year. These activities typically include the purchase and sale of long-term assets such as property, plant, and equipment.
For a prospective franchisee, this figure provides insight into how Ben Jerrys is managing its capital expenditures. A negative value suggests that the company is investing in its infrastructure or other assets, which could be a positive sign for future growth. However, it's essential to consider this figure in conjunction with other financial metrics to get a complete picture of the company's financial health.
It is also important to note that the amount is presented in thousands, so the actual figure is $8,000. This relatively small amount might reflect the limited scope of investing activities or could be influenced by the overall financial strategy of Ben Jerrys and its parent companies. Franchisees should inquire about the specific nature of these investments to understand their potential impact on the franchise system.