For which fiscal years are the Christian Brothers Automotive statements of cash flows included?
Christian_Brothers_Automotive Franchise · 2025 FDDAnswer from 2025 FDD Document
pinion
We 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, 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 Christian Brothers Automotive Corporation as of December 31, 2024 and 2023, and the results of their operations and their cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinion
We conducted our audits in accordance with auditing standards generally accepted in the United States of America (GAAS). Our responsibilities under those standards are further described in the Auditors' Responsibilities for the Audit of the Consolidated Financial Statements section of our report. We are required to be independent of Christian Brothers Automotive Corporation and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 75)
What This Means (2025 FDD)
According to Christian Brothers Automotive's 2025 Franchise Disclosure Document, the consolidated statements of cash flows are included for the years ending December 31, 2024 and 2023. The document also includes consolidated balance sheets as of December 31, 2024 and 2023, and the related consolidated statements of income and changes in shareholders' equity for the same period.
Additionally, the 2025 FDD contains an Independent Auditors' Report that covers the consolidated financial statements of Christian Brothers Automotive Corporation. This report expresses an opinion on the fairness of the presentation of the company's financial position as of December 31, 2024 and 2023, and the results of its operations and cash flows for the years then ended, in accordance with accounting principles generally accepted in the United States of America.
Furthermore, the 2025 FDD includes another Independent Auditors' Report that covers the consolidated financial statements of Christian Brothers Automotive Corporation as of December 31, 2023 and 2022, and the results of their operations and their cash flows for the years then ended. This provides a prospective franchisee with a view of the company's financial performance over a three-year period.