Does the combined audit report for Cicis include combined statements of cash flows?

According to Cicis's 2025 Franchise Disclosure Document, the combined audit report does include combined statements of cash flows. Specifically, the audit report covers Cicis and its affiliate, CiCi Services Company, LLC. The report contains their combined balance sheets as of December 31, 2024, and 2023, along with combined statements of income, changes in members' capital, and cash flows for the years ending on those dates, as well as December 31, 2022.

For a prospective franchisee, this means that the financial statements provided offer a comprehensive view of Cicis's financial performance over the past three years. The inclusion of combined statements of cash flows is essential for understanding how the company generates and uses cash, which is a critical indicator of its financial health and stability. This information can help franchisees assess the company's ability to support its franchisees and invest in the brand's future.

The independent auditor's report expresses an opinion on whether these financial statements present fairly the financial position, results of operations, and cash flows of Cicis in accordance with accounting principles generally accepted in the United States of America. This opinion provides assurance that the financial statements are reliable and can be used to make informed decisions.

Furthermore, the notes to the combined financial statements provide additional details and explanations of the figures presented in the statements. These notes can help a prospective franchisee gain a deeper understanding of Cicis's accounting policies, significant estimates, and other factors that may affect its financial performance.