What was the net cash required by financing activities for Bumble Roofing in 2023, as restated?
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 |
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 required by financing activities in 2023 (as restated) was $(17,682,672). This figure represents the net cash outflow related to how Bumble Roofing is funded, including distributions to its member.
For a prospective franchisee, this number offers insight into how the company manages its finances and returns capital to its owner. A large negative number, such as the one reported, indicates that Bumble Roofing distributed a significant amount of cash to its member during the year.
It is important to note that this is a historical figure and may not be indicative of future performance. A potential franchisee should consider this information in the context of the company's overall financial health and consult with a financial advisor to understand the implications for their investment.