What were the total assets reported for Christian Brothers Automotive as of December 31, 2022?
Christian_Brothers_Automotive Franchise · 2025 FDDAnswer from 2025 FDD Document
5 | 22,511,144 | | Total assets | $ 663,061,823 | $ 576,351,339 |
Consolidated Balance Sheets December 31, 2023 and 2022
| 2023 | 2022 | |
|---|---|---|
| Liabilities and Shareholders' Equity | ||
| Current Liabilities | $ 2,904,676 | $ 2,162,252 |
| Accounts payable | ||
| Accrued expenses | 6,348,505 | 4,763,735 |
| State and property taxes payable | 1,101,099 | 1,193,512 |
| Distributions payable | 2,554,625 | 3,394,350 |
| Contract liabilities | 11,148,029 | 8,993,990 |
| Current portion of long-term debt | 8,761,256 | 12,134,980 |
| Current portion of subordinated debt | 1,618,000 | 1,618,000 |
| Operating lease liability, current | 39,040,315 | 36,272,250 |
| Other current liabilities | 2,853,787 | 2,767,475 |
| Total current liabilities | 76,330 |
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 balance sheets include data as of December 31, 2023, and December 31, 2022. However, the excerpt does not provide a single line item for 'total assets'. Instead, the document provides a breakdown of liabilities and shareholders' equity.
To determine the total assets, a prospective Christian Brothers Automotive franchisee would need to review the full financial statements, specifically the balance sheet, which is not included in this excerpt. The balance sheet would list all asset categories (e.g., cash, accounts receivable, property, and equipment) and their corresponding values, which can then be summed to calculate total assets.
It is important for potential franchisees to request and carefully examine the complete audited financial statements from Christian Brothers Automotive to fully understand the company's financial position, including its assets, liabilities, and equity, before making any investment decisions.