What was the amount of 'Other revenue' reported by Christian Brothers Automotive in 2024?
Christian_Brothers_Automotive Franchise · 2025 FDDAnswer from 2025 FDD Document
d 2023
| 2024 | 2023 | |
|---|---|---|
| Revenues | $ 151,946,558 | $ 137,196,643 |
| Operating Costs and Expenses | ||
| Cost of revenues | 48,621,617 | 42,731,504 |
| Selling, general and administrative expenses | 59,470,531 | 50,507,014 |
| Compensation expense associated with ESOP | 5,089,319 | 10,121,713 |
| Total operating costs and expenses | 113,181,467 | 103,360,231 |
| Income from operations | 38,765,091 | 33,836,412 |
| Other Income (Expense) | ||
| Gains on sale-leaseback transactions | 3,633,369 | 2,044,287 |
| Gains on sale of leased properties | 18,119,450 | 3,613,496 |
| Interest income | 2,547,773 | 1,234,707 |
| Interest expense | (10,391,857) | (6,596,136) |
| Other income, net | 1,219,419 | (293,984) |
| Total other income, net | 15,128,154 | 2,370 |
| Net income before state income taxes | 53,893,245 | 33,838,782 |
| State Income Tax Expense | (780,073) | (1,799,431) |
| Net income | 53,113,172 | 32,039,351 |
| Less Net Income (Loss) Attributable to Noncontrolling Interest | 8,275,053 | (592,784) |
| Net income attributable to Christian Brothers | $ 44,838,119 | $ 31,446,567 |
| Automotive Corporatio |
Source: Item 23 — RECEIPTS (FDD pages 76–372)
What This Means (2025 FDD)
According to Christian Brothers Automotive's 2025 Franchise Disclosure Document, the company's consolidated financial statement includes several categories of "Other Income (Expense)." For the year 2024, Christian Brothers Automotive reported $3,633,369 in gains on sale-leaseback transactions, $18,119,450 in gains on the sale of leased properties, $2,547,773 in interest income, and $1,219,419 as 'other income, net'. It also reported an interest expense of ($10,391,857). The total other income, net for 2024 was $15,128,154.
Prospective franchisees should note that these figures reflect the overall financial performance of Christian Brothers Automotive Corporation and not the performance of individual franchise locations. Understanding the sources and amounts of these other income streams can provide insight into the company's financial strategies and overall profitability.
It is important for potential franchisees to review the complete financial statements and consult with a financial advisor to fully understand the implications of these figures. While 'other income, net' can contribute to the overall financial health of Christian Brothers Automotive, franchisees should primarily focus on the revenue and expenses directly related to the operation of their individual franchise.