Do the City Publications financial statements include a statement of cash flows?
City_Publications Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the accompanying balance sheets of CITY PUBLICATIONS FRANCHISE GROUP, INC. as of December 31, 2024, and 2023 and the related statements of operations, shareholders' (deficit), and cash flows for the years ended December 31, 2024, and 2023, and the notes to financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of CITY PUBLICATIONS FRANCHISE GROUP, INC. as of December 31, 2024, and 2023, and the results of their operations and their cash flows for the years ended December 31, 2024, and 2023, in accordance with accounting principles generally accepted in the United States of America.
CITY PUBLICATIONS FRANCHISE GROUP, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 38)
What This Means (2025 FDD)
According to City Publications' 2025 Franchise Disclosure Document, the financial statements include a statement of cash flows. The independent auditor's report explicitly mentions that the audit covered the "statements of operations, shareholders' (deficit), and cash flows for the years ended December 31, 2024, and 2023." This indicates that a statement of cash flows is part of City Publications' audited financial statements.
Furthermore, the auditor's opinion confirms that the financial statements present fairly the financial position, results of operations, and cash flows of City Publications for the years ended December 31, 2024, and 2023, in accordance with accounting principles generally accepted in the United States of America. This reinforces the inclusion and proper presentation of the statement of cash flows.
In addition to the auditor's report, there is a specific reference to "CITY PUBLICATIONS FRANCHISE GROUP, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS," suggesting that this statement is a distinct component of the overall financial statements. This statement provides insights into the company's cash inflows and outflows during the specified periods, which is crucial for assessing its financial health and stability.