What was the net cash provided by operating activities for Carls in fiscal year 2022?
Carls Franchise · 2024 FDDAnswer from 2024 FDD Document
S OF MEMBERS' DEFICIT (In thousands)**
| Balance as of January 31, 2021 $ | (57,815) | |--------------------------------------------------------------|--------------------------------| | Capital contributions | 23,793 | | Distributions to members | (323,594) | | Net income | 105,799 | | Balance as of January 31, 2022 | (251 ,817) | | Capital contributions | 45,394 | | Distributions to members | (139,428) | | Net income | 97,797 | | Cumulative effect of change in accounting principle (Note 9) | "- ( 452) | | Balance as of January 31, 2023 $ | (248,506) ==::::::::::===== |
THE CKE SECURITIZATION ENTITIES COMBINED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands)
| Fiscal 2023 | Fiscal 2022 | |
|---|---|---|
| Cash flows from operating activities: | ||
| Net income $ | 97,797 | $ 105,799 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 44,580 | 41 ,482 |
| Amortization of deferred financing costs |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 79–80)
What This Means (2024 FDD)
According to Carls's 2024 Franchise Disclosure Document, the net cash provided by operating activities in fiscal year 2022 was $140,012. This figure represents the cash generated from the company's core business operations during that year.
Understanding the net cash provided by operating activities is crucial for prospective franchisees as it indicates the financial health and stability of Carls. A higher positive number suggests that the company is effectively generating cash from its operations, which can be used for investments, debt repayment, and other strategic initiatives. This can be a good indicator of the brand's overall performance and its ability to support its franchisees.
It is important to note that this figure is part of a larger set of financial statements, and prospective franchisees should review the entire document, including the notes, to gain a comprehensive understanding of Carls's financial position. Analyzing trends over multiple years, as well as comparing these figures to industry benchmarks, can provide further insights into the company's performance and potential risks or opportunities.