What was the Net (loss) for City Publications during 2022?
City_Publications Franchise · 2025 FDDAnswer from 2025 FDD Document
ANCE, DECEMBER 31, 2023 | 1,000 | | 17,000 | (1,849,093) | 1,745,483 | (85,610) | | | | | | | Advances from (to) affiliates | - | | - | (145,012) | - | (145,012) | | | | | | | Capital (distributions) | - | | - | - | (107,323) | (107,323) | | | | | | | Net income | - | | - | - | 263,947 | 263,947 | | | | | | | BALANCE, DECEMBER 31, 2024 | $ 1,000 | $ | 17,000 | $ (1,994,105) | $ 1,902,107 | $ (73,998) | | | | | |
CITY PUBLICATIONS FRANCHISE GROUP, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS
| FOR THE YEARS ENDED DECEMBER 31, | |||||||
|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | |||||
| CASH FLOWS FROM OPERATING ACTIVITIES |
Source: Item 23 — RECEIPT (FDD pages 39–129)
What This Means (2025 FDD)
According to City Publications' 2025 Franchise Disclosure Document, the Net (loss) income for the year ended December 31, 2022, was $(13,838). This indicates that City Publications experienced a net loss of $13,838 during that financial year.
This information is part of the Consolidated Statements of Cash Flows, which provides insights into the company's financial performance over the past three years. Reviewing these figures allows potential franchisees to assess the financial stability and profitability trends of City Publications.
It's important to note that while a net loss for a single year doesn't necessarily indicate long-term financial instability, prospective franchisees should investigate the reasons behind the loss and consider the overall financial health of City Publications before investing. Analyzing the trends in net income (loss) over several years, as presented in the statement, can provide a more comprehensive understanding of the company's financial performance.