What statements of Chick Fil A are included in Exhibit C besides the balance sheets?

According to Chick Fil A's 2025 Franchise Disclosure Document, Exhibit C includes several financial statements in addition to the consolidated balance sheets. Specifically, Exhibit C contains the consolidated statements of comprehensive earnings, statements of stockholders' equity, and statements of cash flows. These statements are presented for each of the three years in the period ended December 31, 2024, which includes the years 2024, 2023, and 2022.

These additional financial statements provide a more complete picture of Chick Fil A's financial performance over the three-year period. The consolidated statement of comprehensive earnings shows the company's profit or loss, as well as other items such as unrealized gains or losses on investments. The consolidated statement of stockholders' equity details changes in the company's equity accounts, including retained earnings and contributed capital. The consolidated statement of cash flows illustrates the movement of cash both into and out of the company, categorized by operating, investing, and financing activities.

For a prospective Chick Fil A franchisee, reviewing these statements can offer insights into the financial health and stability of the company. Understanding Chick Fil A's profitability, how it manages its equity, and its cash flow patterns can help a franchisee assess the overall risk and potential rewards of investing in a Chick Fil A franchise. It is important to analyze these statements in conjunction with other information in the FDD to make a well-informed decision.