What was the other comprehensive income for City Wide in 2022?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
| Class A | Class B | Capital | Earnings | Income (Loss) | Total | |
|---|---|---|---|---|---|---|
| Balance January 1, 2022 | $ 2,100 | $ 210,000 | $ 366,366 | $ 15,459,388 | $ (5,506) | $ 1 6,032,348 |
| Net income | - | - | - | 10,941,550 | - | 1 0,941,550 |
| Other comprehensive income | - | - | - | - | 26,999 | 26,999 |
| Distributions | - | - | - | ( 8,431,640) | - | (8,431,640) |
| Balance December 31, 2022 | 2,100 | 210,000 | 366,366 | 17,969,298 | 21,493 | 1 8,569,257 |
Source: Item 23 — RECEIPT (FDD pages 65–271)
What This Means (2025 FDD)
According to City Wide's 2025 Franchise Disclosure Document, the other comprehensive income for City Wide in 2022 was $26,999. This figure represents income that is not part of the company's net income but is still a component of its total financial performance. Other comprehensive income includes items like unrealized gains and losses on investments or foreign currency translation adjustments.
For a prospective franchisee, understanding other comprehensive income can provide a more complete picture of City Wide's financial health and stability. While net income is a primary indicator of profitability, other comprehensive income can reveal additional factors that impact the company's overall financial position. This information, combined with other financial statement data, can help franchisees assess the financial risks and opportunities associated with investing in a City Wide franchise.
It's important to note that other comprehensive income can fluctuate from year to year, depending on various economic and market conditions. Therefore, franchisees should review this figure in conjunction with other financial metrics and consider the trends over multiple years to gain a more comprehensive understanding of City Wide's financial performance. Additionally, prospective franchisees should consult with a financial advisor to interpret these financial statements and assess the potential impact on their investment.