What was the net cash received from the acquisition of Koala and Wallaby by Bumble Roofing in 2023?
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) |
| Net Cash Provided by Operating Activities | 28,738,817 | 16,865,274 | 10,461,439 |
| Cash Flows from Investing Activities: | |||
| Purchases of property and equipment | (1,054,507) | (1,494,918) | (467,351) |
| Internally developed software additions | (715,046) | (318,010) | (267,000) |
| Net cash received from acquisition of Koala and Wallaby | - | 33,145 | - |
| Net cash received from acquisition of Canopy | - | 641 | - |
| Cash paid for Bumble Bee of LA | (421,250) | - | - |
| Acquisition of Junk Junk Baby | (125,000) | - | |
| Net advances from (repayments to) affiliated companies | 743,827 | 2,966,646 | (3,790,229) |
| Net Cash Provided (Required) by Investing Activities | (1,446,976) | 1,062,504 | (4,524,580) |
| Cash Flows from Financing Activities: | |||
| Net distributions to Member | (26,088,010) | (17,682,672) | (5,078,245) |
| Net Cash Required by Financing Activities | (26,088,010) | (17,682,672) | (5,078,245) |
| Net Change in Cash | 1,203,831 | 245,106 | 858,614 |
| Cash, Beginning of Year | 1,737,401 |
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 received from the acquisition of Koala and Wallaby in 2023 was $33,145. This figure is part of the cash flow statement under cash flows from investing activities.
For a prospective Bumble Roofing franchisee, understanding the company's acquisition activities and their financing is crucial. This particular line item reflects the actual cash impact of acquiring these other brands, Koala Insulation and Wallaby Windows, on Bumble Roofing's financial position during that year.
It's important to note that this is 'net cash received,' which means it accounts for any cash outflows related to the acquisition. Reviewing the complete financial statements and related notes provides a more comprehensive picture of how these acquisitions were financed, including capital contributions, debt, and other considerations. This information helps potential franchisees assess the financial stability and growth strategy of Bumble Roofing.