What was the total amount of cash paid by Exit for income taxes in 2022?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Cash paid during the years for: | |||
| Interest | $250,651 | $297,641 | $256,648 |
| Income taxes | 665,797 | 315,687 | 386,766 |
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, the total amount of cash paid for income taxes in 2022 was $386,766. This figure represents the actual cash outflow from Exit to cover its income tax obligations during that year.
For a prospective franchisee, understanding Exit's cash payments for income taxes provides insight into the company's financial management and profitability. While franchisees are responsible for their own tax obligations, the financial health of the franchisor can impact the support and resources available to franchisees.
It's important to note that this figure reflects only the cash paid for income taxes and does not include other tax-related items such as deferred tax expenses or benefits. Reviewing Exit's tax payments over several years, as presented in the table, can help identify trends and potential fluctuations in the company's tax liabilities.