What was the net cash from operating activities for Christian Brothers Automotive in 2024?
Christian_Brothers_Automotive Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2023 | 2022 | |
|---|---|---|
| Cash Flows From Operating Activities | ||
| Net income | $ 32,039,351 | $ 38,146,383 |
| Adjustments to reconcile net income to net cash | ||
| from operating activities: | ||
| Depreciation and amortization expense | 2,502,750 | 1,674,739 |
| Gains on sale of leased properties | (3,613,496) | (13,994,953) |
| Gain on sale-leaseback transactions | (2,044,374) | (920,683) |
| Amortization of loan fees | 45,635 | 239,020 |
| Operating lease expense | 36,740,437 | 28,732,743 |
| Compensation expense from release of ESOP shares | 6,894,587 | 11,969,344 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (100,924) | (7,989,037) |
| Prepaid expenses and other assets | (4,617,833) | 3,469,575 |
| Rent receivable | (2,225,821) | (722,726) |
| Accounts payable | 742,424 | (3,069,257) |
| Accrued expenses | 1,584,770 | 1,455,317 |
| State and property taxes payable | (92,413) | 578,571 |
| Contract liabilities | 2,154,039 | 2,712,794 |
| Other current liabilities | 86,312 | 1,207,083 |
| Operating lease liability | ||
| (34,998,481) | (28,350,115) | |
| Net cash provided operating activities | 35,096,963 | 35,138,798 |
Source: Item 23 — RECEIPTS (FDD pages 76–372)
What This Means (2025 FDD)
According to Christian Brothers Automotive's 2025 Franchise Disclosure Document, the net cash provided by operating activities in 2024 was $35,096,963. This figure represents the cash generated from the company's core business operations during that year. In comparison, the net cash provided by operating activities in 2023 was $35,096,963.
Understanding the net cash from operating activities is crucial for potential franchisees as it indicates the financial health and stability of Christian Brothers Automotive. A positive and stable cash flow from operations suggests that the company is effectively managing its resources and generating sufficient cash to cover its operating expenses.
For a prospective franchisee, this information provides insight into the overall financial performance of Christian Brothers Automotive and can be used to assess the potential risks and rewards associated with investing in a franchise. It's important to note that while past performance is not indicative of future results, consistent positive cash flow from operations can be a reassuring factor for potential investors.