What was the net cash used by financing activities for C12 Group in 2021?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
pital - End of Year | $ 1,843,880 | $ 1,312,531 | The accompanying notes are an integral part of these consolidated financial statements.
Consolidated Statements of Cash Flows Years Ended December 31, 2022 and 2021
| 2022 | 2021 | |
|---|---|---|
| Cash Flows From Operating Activities: | $ 640,867 | $ 296,300 |
| Net Income | ||
| Adjustments to Recon |
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to C12 Group's 2025 Franchise Disclosure Document, the net cash used by financing activities in 2021 was a negative $269,679. This indicates that C12 Group spent $269,679 more than it generated through financing activities during that year. These activities primarily consist of distributions.
For a prospective franchisee, this figure provides insight into how C12 Group manages its finances and returns capital to its owners or members. A negative cash flow from financing activities suggests that the company is using cash for distributions, which could be a return of profits to its members or owners.
It's important to consider this figure in conjunction with other financial metrics, such as cash flow from operating and investing activities, to get a comprehensive understanding of C12 Group's financial health. A franchisee should investigate the reasons behind these distributions and how they might affect the company's long-term financial stability and growth prospects.