Does the Crave Cookies Statement of Cash Flows include cash flows from operating activities?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the financial statements of Crave Cookies Franchising, LLC (the Company), which comprise the balance sheets as of December 31, 2023 and 2022, and the related statements of operations, members' deficit, and cash flows for the years ended December 31, 2023 and 2022, and the related notes to the financial statements.
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2023 and 2022, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 47)
What This Means (2025 FDD)
According to Crave Cookies' 2025 Franchise Disclosure Document, the company's financial statements include a statement of cash flows. Independent auditor reports confirm that they audited the cash flows of Crave Cookies Franchising, LLC. Specifically, the audit reports mention that the financial statements comprise the balance sheet, income statements, statements of members' equity, and cash flows.
For example, the independent auditor's report for the audit of the 2024 financial statements states that they audited the balance sheet as of December 31, 2024, and the related statements of income, members' equity, and cash flows for the year then ended. Similarly, another report refers to auditing the financial statements, which include balance sheets as of December 31, 2023 and 2022, statements of operations, members' deficit, and cash flows for the years ended December 31, 2023 and 2022.
While these excerpts confirm the existence of a cash flow statement, they do not explicitly detail whether this statement categorizes cash flows into operating, investing, or financing activities. A prospective franchisee should request a full copy of the audited financial statements, including the statement of cash flows, to understand how Crave Cookies classifies its cash flows and to assess the company's financial health and performance.