For which fiscal years are the Christian Brothers Automotive statements of changes in shareholder's equity included?
Christian_Brothers_Automotive Franchise · 2025 FDDAnswer from 2025 FDD Document
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.
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 changes in shareholder's equity are included for the years ending December 31, 2024 and 2023. The document also includes the consolidated balance sheets as of December 31, 2024 and 2023, the related consolidated statements of income, and cash flows for those years.
Additionally, the 2025 FDD includes an Independent Auditors' Report that offers an opinion on the consolidated financial statements of Christian Brothers Automotive Corporation. This opinion confirms that the financial statements present fairly the financial position of the company 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 offers an opinion on the consolidated financial statements of Christian Brothers Automotive Corporation for the years ending December 31, 2023 and 2022. This report states that the consolidated balance sheets as of December 31, 2023 and 2022, and the related consolidated statements of income, changes in shareholders' equity and cash flows for the years then ended are included.