What were the total shares for Circle K as of April 24, 2022?
Circle_K Franchise · 2025 FDDAnswer from 2025 FDD Document
nada July 7, 2025
1 CPA Auditor, public accountancy permit No. A123475
TMC FRANCHISE CORPORATION (a wholly owned subsidiary of Circle K Stores Inc.) CONSOLIDATED BALANCE SHEETS
| April 27, 2025 | April 28, 2024 | |
|---|---|---|
| ASSETS | ||
| Cash | $ - | $ - |
| Royalty and other receivables | 11,184,013 | 8,632,081 |
| Deferred income taxes (Note 3) | 2,603,791 | 2,827,683 |
| Total Current Assets | 13,787,804 | 11,459,764 |
| Property and equipment, net (Note 4) | 12,287,489 | 14,462,542 |
| Intangible assets, net (Note 5) | 10,640,706 | 14,399,954 |
| Note receivable from parent company (Note 8) | 5,000,000 | 5,000,000 |
| Other assets (net of a provision for doubtful accounts of $20,814 | 19,353,216 | 18,074,122 |
| and $20,814 as at April 27, 2025, and April 28, 2024 (Note 6) | ||
| Goodwill | 11,490,467 | 11,490,467 |
| Total Assets | $ 72,559,682 | $ 74,886,849 |
| LIABILITIES AND SHAREHOLDER'S EQUITY | ||
| Accounts payable and accrued liabilities (Note 7) | $ 27,642,008 | $ 30,818,812 |
| Payable to affiliate | 2,450,540 | 2,333,349 |
| Deferred revenue | 1,228,332 | 1,247,292 |
| Total Current Liabilities | 31,320,880 | 34,399,453 |
| Deferred revenue | 6,992,157 | 7,720,471 |
| Deferred income taxes (Note 3) | 2,396,831 | 3,224,997 |
| Total Liabilities | 40,709,868 | 45,344,921 |
| Shareholder's Equity: | ||
| Common stock, $0.01 par value, 1,000,000 shares | ||
| authorized, 1,001 issued and outstanding | 10 | 10 |
| Additional paid-in capital | 88,201,000 | 88,201,000 |
| Receivabl |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 99–100)
What This Means (2025 FDD)
According to Circle K's 2025 Franchise Disclosure Document, the company's consolidated financial statements include details about shareholder's equity. As of April 28, 2024, Circle K had common stock with a $0.01 par value, with 1,000,000 shares authorized and 1,001 shares issued and outstanding. The additional paid-in capital was $88,201,000. The total shareholder's equity was $29,541,928.
However, the financial statements provided are only up to April 27, 2025, April 28, 2024, and April 30, 2023. The information for April 24, 2022, is not available in this document.
For a prospective franchisee, it's important to note the stability and equity position of Circle K. While the exact figures for April 24, 2022, are not provided, reviewing the trend in shareholder's equity and paid-in capital over the available years can offer insights. To obtain the specific number of shares for April 24, 2022, a prospective franchisee should directly request this information from the franchisor during their due diligence process.