What was the beginning balance for Burger King related to tax positions?
Burger_King Franchise · 2025 FDDAnswer from 2025 FDD Document
| xpiration Date | ||
|---|---|---|
| Canadian net operating loss carryforwards | $ 313 | 2036-2044 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 109–124)
What This Means (2025 FDD)
According to Burger King's 2025 Franchise Disclosure Document, the beginning balance for tax positions is detailed for the years 2024, 2023, and 2022. In 2024, the beginning balance was $58. For 2023, the beginning balance was $139, and in 2022, it was $437.
These figures represent the starting point for Burger King's financial accounting of tax-related assets and liabilities at the beginning of each respective year. Monitoring these balances helps Burger King and its franchisees understand the company's tax obligations and financial health over time.
Prospective franchisees should note that these figures are specific to Burger King's overall financial performance and are not directly indicative of an individual franchise's tax obligations. However, understanding the broader financial context of the company can be beneficial for franchisees as it reflects the stability and management of the brand.