What was the total amount of dividends paid by Circle K as of April 30, 2023?
Circle_K Franchise · 2025 FDDAnswer from 2025 FDD Document
$ | 88, 20 1, 000 | $ | ( 91, 667 564 ) , | $ 35, 316 368 , | $ 31, 849 814 , |
TMC FRANCHISE CORPORATION (a wholly owned subsidiary of Circle K Stores Inc.) CONSOLIDATED STATEMENTS OF CASH FLOWS
| Cash |
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Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 99–100)
What This Means (2025 FDD)
According to Circle K's 2025 Franchise Disclosure Document, the payment of dividends through reduction of receivable from parent was $16,500,000 for the year ended April 30, 2023.
This indicates the amount of dividends Circle K paid to its parent company during that fiscal year. For a prospective franchisee, this information provides insight into the financial relationship between Circle K and its parent entity.
While dividends don't directly impact day-to-day franchise operations, they reflect the overall financial strategy and profitability of the company. Understanding these financial flows can help a franchisee assess the long-term stability and financial health of the Circle K franchise system.