What was the income tax of discontinued operation for Bimbo Foods Bakeries Distribution in 2022?
Bimbo_Foods_Bakeries_Distribution Franchise · 2025 FDDAnswer from 2025 FDD Document
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| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Income tax of continuous operation | $ 6,797 | $ 8,386 $ | 14,381 |
| Income tax of discontinued operation (Note 24) | (83) | (7) | 6,528 |
| Income tax | $ 6,714 | $ 8,379 $ | 20,909 |
| Effective income tax rate for continuous | |||
| operation | 32.31% | 33.1% | 31.3% |
| Effective income tax rate for discontinued | |||
| operation | 30.00% | 31.8% | 2 |
Source: Item 14 — Other Accounts Payable and Accrued Liabilities (FDD pages 312–476)
What This Means (2025 FDD)
According to Bimbo Foods Bakeries Distribution's 2025 Franchise Disclosure Document, the income tax of discontinued operations in 2022 was $6,528. This figure represents the income tax specifically related to business segments or operations that Bimbo Foods Bakeries Distribution has sold or otherwise discontinued during that year. Understanding this number helps to distinguish the tax implications of ongoing operations from those of discontinued ones.
For a prospective franchisee, this information provides insight into how Bimbo Foods Bakeries Distribution accounts for and reports financial activities related to discontinued operations. It demonstrates the company's transparency in separating these figures from the income tax of continuous operations, which is crucial for assessing the overall financial health and tax management strategies of the company. The distinction allows investors and franchisees to better evaluate the profitability and sustainability of Bimbo Foods Bakeries Distribution's core business activities.
It's important to note that discontinued operations can significantly impact a company's financial statements, and understanding the tax implications is essential for a comprehensive financial analysis. The effective income tax rate for discontinued operations in 2022 was 27.7%. This level of detail in the FDD helps potential franchisees to evaluate the financial practices of Bimbo Foods Bakeries Distribution and make informed decisions.