Are there consolidated statements of cash flows included in the Crowne Plaza financial statements?
Crowne_Plaza Franchise · 2025 FDDAnswer from 2025 FDD Document
To the Management of Six Continents Hotels, Inc.
Opinion
We have audited the accompanying consolidated financial statements of Six Continents Hotels, Inc. and its subsidiaries (the "Company"), which comprise the consolidated balance sheets as of December 31, 2024 and 2023, and the related consolidated statements of net income, of comprehensive income, of ch
Source: Item 23 — Receipts (FDD pages 100–424)
What This Means (2025 FDD)
According to the 2025 FDD, the auditor's report indicates that the audit by an independent auditor includes the consolidated financial statements of Six Continents Hotels, Inc. and its subsidiaries, which includes consolidated balance sheets as of December 31, 2024 and 2023, consolidated statements of net income, and consolidated statements of comprehensive income.
However, the auditor's opinion as quoted does not explicitly mention a consolidated statement of cash flows. While the auditor states they have audited the consolidated financial statements, the specific statements listed are the balance sheets, statements of net income, and statements of comprehensive income.
Therefore, it is not definitively clear from the quoted text whether a consolidated statement of cash flows is included as part of the audited financial statements. A prospective Crowne Plaza franchisee should verify with the franchisor if a consolidated statement of cash flows is available for review to gain a complete understanding of the company's financial position.