For Bimbo Foods Bakeries Distribution, what was the income tax of discontinued operations in 2023?
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 |
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 2023 was ($7). This figure reflects the income tax specifically related to business segments or operations that Bimbo Foods Bakeries Distribution has discontinued during that year. The amount is presented as a negative number, indicating a tax benefit or reduction in income tax expense related to these discontinued operations.
For a prospective franchisee, understanding the distinction between income tax from continuing operations and discontinued operations is crucial. Discontinued operations typically represent parts of the business that Bimbo Foods Bakeries Distribution has sold or plans to sell. The tax implications can vary significantly from year to year depending on the nature and extent of these discontinued operations.
It's important to note that the income tax of discontinued operations can fluctuate and may not be indicative of future performance. Franchisees should focus primarily on the income tax related to continuing operations when evaluating the financial health and stability of Bimbo Foods Bakeries Distribution. Reviewing the notes to the financial statements for more details on discontinued operations can provide additional context and clarity.