What was the value of Bimbo Foods Bakeries Distribution's other accounts payable as of December 31, 2024?
Bimbo_Foods_Bakeries_Distribution Franchise · 2025 FDDAnswer from 2025 FDD Document
ries. As of December 31, 2024, 2023 and 2022, the value of such letters of credit is $2,471, $3,822 and $4,515, respectively. Furthermore, the value of these surety bonds as of December 31, 2024, amounts to $1,979.
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- As of September 2019, the Company acts as guarantor in voluntary payment program in North America between the suppliers and Bank of America, under which the suppliers discount their invoices. As of December 31, 2024, 2023 and 2022, the balance of $1,924, $1,826 and $2,813, respectively, under this program is presented as part of trade payables. This program does not modify the original credit terms with suppliers.
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- The Company has created a trust that allows suppliers of its subsidiaries in Mexico to obtain financing through a factoring program operated by Nacional Financiera, S.N.C. (Nafinsa).
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, as of December 31, 2024, the company had several specific liabilities reported as part of other accounts payable. These include letters of credit, surety bonds, and liabilities under various supplier financing programs.
Specifically, the value of letters of credit was $2,471. The value of surety bonds amounted to $1,979. Additionally, Bimbo Foods Bakeries Distribution had a balance of $1,924 under a voluntary payment program in North America.
Furthermore, the liability payable to Nafinsa under a financing program for suppliers in Mexico totaled $2,075. The liability under a factoring contract with Banco Santander México, S.A. was $62. These figures provide a detailed breakdown of specific components contributing to Bimbo Foods Bakeries Distribution's accounts payable as of the specified date.