Does the text specify if the financial statements of Checkersrallys include a statement of cash flows?
Checkersrallys Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the consolidated financial statements of Checkers Drive-In Restaurants, Inc. and Subsidiaries (the "Company"), which comprise the consolidated balance sheet as of December 30, 2024 (Successor) and the related consolidated statement of operations, changes in stockholders' equity, and cash flows for the year then ended, and the related notes to the consolidated financial statements.
In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 30, 2024 (Successor), and the results of its operations and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkersrallys's 2025 Franchise Disclosure Document, the consolidated financial statements include a consolidated statement of cash flows. Specifically, the independent auditor's report indicates that their audit included the consolidated balance sheets, statements of operations, changes in stockholder's equity, and cash flows.
Furthermore, the document includes an example of Checkers Drive-In Restaurants, Inc. and Subsidiaries Consolidated Statements of Cash Flows. This statement details the cash flows for various periods, including the period from June 17, 2023, through January 1, 2024 (Successor) and comparative periods.
These statements of cash flows provide insights into how Checkersrallys generates and uses cash, which is crucial for assessing its financial health and stability. A prospective franchisee can review these statements to understand the company's cash flow patterns and assess its ability to meet its financial obligations.