What was the net loss/income for Benjamin Franklin Plumbing in 2024?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
| | | | | | | | | ive | | | | | | | | | inc | | | | | | | | | r c | | | | | | | | | om | | | | | | | | | pre | | | | | | | | | ns | | | | | | | | | om | | | | | | | | | e | | | | | | | | | los Ne t s | - | - | | - | ( ) 5 9, 5 3 4 | - | ( ) 5 9, 5 3 4 | | Ba lan t D be r 3 1, 20 23 ce s a ec em | 1 | - | | 5 15 8 8 6 , | ( 4) 17 7, 6 8 | ( 1) | 3 3 8, 20 1 | | Sto k- ba d c ion at c se om pe ns | - | - | | 2, 9 22 | - | - | 2, 9 22 | | Ne los t s | - | - | | - | ( 10 4, 48 6 ) | - | ( 10 4, 48 6 ) | | Ba lan t D be r 3 1, 20 24 ce s a ec em | 1 | $ - | $ | 5 18 8 0 8 , | $ ( 28 2, 17 0 ) | $ ( 1) | $ 23 6, 6 37 |
Authority Brands Inc. and Subsidiaries Consolidated Statements of Cash Flows (In thousands)
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Cash flows from operating activities | |||
| Net loss | $ (104,486) | $ (59,534) | $ (35,630) |
| Adjustments to reconcile net loss to net cash provided by operating activities | |||
| Depreciation and amortization | 102,085 | 106,568 | 50,771 |
| Increase/(reduction) in inventory reserve | 60 | (42) | (39) |
| Bad debt expense | 3,577 | 3,123 | 1,637 |
| Stock-based compensati |
Source: Item 22 — CONTRACTS (FDD pages 87–88)
What This Means (2025 FDD)
According to Benjamin Franklin Plumbing's 2025 Franchise Disclosure Document, the company experienced a net loss of $104,486 in 2024. This figure is part of a larger table detailing the cash flows from operating activities over the past three years. Prospective franchisees should note that this net loss is not necessarily indicative of the performance of individual franchise locations, but rather reflects the overall financial performance of the Benjamin Franklin Plumbing Franchising SPE LLC.
In addition to the net loss, the table provides further insights into the company's financial activities. Adjustments were made to reconcile the net loss to net cash provided by operating activities, including depreciation and amortization ($102,085), bad debt expense ($3,577), stock-based compensation ($2,922), impairment loss ($23,240), and loss on sale of retail ($11,276). These adjustments offer a more comprehensive view of the company's cash flow situation beyond just the net loss figure.
Changes in assets and liabilities also impacted the cash flows. These include accounts receivable (-$5,969), inventory (-$759), prepaid expenses and other current assets ($2,841), other assets (-$1,988), accounts payable (-$3,177), accrued liabilities ($11,255), other liabilities ($3,774), and deferred revenue (-$514). Reviewing these figures alongside the net loss can provide potential franchisees a clearer picture of the financial dynamics within Benjamin Franklin Plumbing and how different factors contribute to its overall financial health. It's important for potential franchisees to consult with a financial advisor to fully understand these figures and their implications.