What was the reported income tax expense or recovery for Chem Dry in 2021?

According to Chem Dry's 2024 Franchise Disclosure Document, the total income tax expense reported for 2021 was $1,219. This figure is part of the consolidated statement of operations, detailing the company's financial performance. The document also breaks down the income tax expense into its components, such as current and deferred income tax expenses.

The current income tax expense for Chem Dry in 2021 was $424, while the deferred income tax expense recovery was $795. These figures provide a more detailed view of the factors contributing to the overall income tax expense. Understanding these components can be valuable for prospective franchisees in assessing the financial health and tax strategies of the company.

It's important to note that the financial statements have been restated for 2022 to correct an error related to the impairment of intangible assets. This restatement may affect the comparability of the 2022 figures with those of 2021 and 2023. Franchisees should be aware of these adjustments when analyzing the financial performance of Chem Dry.