How much was the depreciation for Clear Pest Pros in 2023?
Clear_Pest_Pros Franchise · 2025 FDDAnswer from 2025 FDD Document
December 31, 2024 | | | | |
Consolidated Statements of Cash Flows (dollars in thousands)
| Year ended December 31, | 2024 | 2023 | 2022 (as restated) |
|---|---|---|---|
| Cash Flows from Operating Activities | |||
| Consolidated net loss | $ (11,108) | $ (44,277) | $ (6,330) |
| Adjustments to reconcile consolidated net | |||
| loss to net cash (u |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 67)
What This Means (2025 FDD)
According to Clear Pest Pros' 2025 Franchise Disclosure Document, the depreciation expense for the year ended December 31, 2023, was $591. This figure represents the accounting expense recognized for the reduction in value of Clear Pest Pros' assets due to wear and tear, obsolescence, or other factors.
Depreciation is a non-cash expense, meaning it does not involve an actual outflow of cash during the period. Instead, it reflects the allocation of the cost of an asset over its useful life. For Clear Pest Pros, this expense is used in calculating the company's net income and is an important factor in assessing its financial performance.
Prospective franchisees should understand how depreciation impacts the company's financial statements, as it can affect profitability and tax liabilities. Reviewing the depreciation methods and useful lives of assets can provide insights into the company's accounting practices and the potential for future capital expenditures.