Does the Christian Brothers Automotive financial statement include consolidated statements of income?

According to the 2025 Christian Brothers Automotive Franchise Disclosure Document, the financial statements include consolidated statements of income. The Independent Auditors' Report states that they have audited the consolidated financial statements of Christian Brothers Automotive Corporation, which comprise the consolidated balance sheets as of December 31, 2024 and 2023, and the related consolidated statements of income, changes in shareholders' equity and cash flows for the years then ended. This indicates that the financial statements are presented on a consolidated basis, incorporating the financial results of the parent company and its subsidiaries.

The inclusion of consolidated statements of income is a standard practice for franchise companies like Christian Brothers Automotive that have subsidiaries or multiple business entities. Consolidation provides a comprehensive view of the overall financial performance of the entire organization, which is essential for assessing its financial health and stability. For a prospective franchisee, this means they can review the consolidated statements to understand the financial performance of the entire Christian Brothers Automotive organization, not just the parent company.

Furthermore, the auditor's opinion confirms that the consolidated financial statements present fairly the financial position, results of operations, and cash flows of Christian Brothers Automotive in accordance with accounting principles generally accepted in the United States of America. This provides assurance that the financial information is reliable and has been prepared using consistent accounting methods. The notes to the consolidated financial statements also provide additional information about the nature of operations, accounting policies, and significant events, such as acquisitions and stock splits, that may impact the financial statements.

In summary, the consolidated statements of income, along with the other consolidated financial statements and related notes, offer a detailed and reliable view of Christian Brothers Automotive's financial performance, which is crucial information for potential franchisees to consider when evaluating the franchise opportunity.