What was the net cash provided by operating activities for Bumble Roofing in 2024?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
IDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDING SEPTEMBER 30, 2024, 2023, AND 2022
| 2024 | 2023 ("As Restated") | 2022 ("As Restated") | |
|---|---|---|---|
| Cash Flows from Operating Activities: | |||
| Net income | $ 20,459,018 | $ 9,920,680 | $ 6,089,513 |
| Adjustments to reconcile net income | |||
| to net cash provided by operating activities: | |||
| Bad debt expense | 300,531 | 59,046 | 82,201 |
| Depreciation and amortization | 10,773,355 | 7,910,727 | 5,494,567 |
| Lease expense | 940,945 | 519,344 | - |
| Operating lease payments | (657,754) | (265,181) | - |
| Changes in assets and liabilities: | (0.000.10=) | (=00.000) | (0.044.045) |
| Royalties and accounts receivable | (2,099,495) | (729,389) | (2,044,615) |
| Rebates receivable | (73,676) | (1,815,484) | (47.454) |
| Notes receivable | (403,653) | 113,076 | (17,454) |
| Inventory Prepaid expenses and other assets | (246,248) | (1,043,705) | (122,300) |
| 1,348,125 | 192,280 | (976,687) | |
| Accounts payable and accrued expenses | 153,274 | 2,121,617 | 925,000 |
| Deferred revenues on franchise sales | (1,253,452) , , , , | (824,331) | 1,337,600 |
| Customer deposits | (502,153) | 706,594 | (306,386 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 53)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, the net cash provided by operating activities in 2024 was $28,738,817. This reflects the cash generated from the company's core business operations during that year. It's a key indicator of Bumble Roofing's financial health and its ability to fund ongoing expenses and future growth.
This figure is derived by starting with the net income of $20,459,018 and then adjusting for non-cash items such as depreciation and amortization ($10,773,355), bad debt expense ($300,531), and changes in various assets and liabilities. These adjustments provide a more accurate picture of the actual cash flow generated by Bumble Roofing's operations.
For a prospective franchisee, understanding the net cash provided by operating activities is crucial. It demonstrates the franchisor's ability to manage its finances and generate cash from its business model. A healthy cash flow from operations suggests that Bumble Roofing is well-positioned to support its franchisees and invest in the growth of the brand. However, franchisees should also consider other factors, such as the company's overall financial stability and its investment activities, to get a complete picture of its financial health.