What was the change in other long term assets for Focus Cfo in 2024?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
Contributions | 83,404 | 85,545 | 74,980 | | Distributions | (919,714) | (1,339,352) | (740,138) | | Balance as of end of period | $ 723,721 | $ 324,472 | $ 741,099 |
CONSOLIDATED STATEMENTS OF CASH FLOWS
Years Ending December 31, 2024, 2023 and 2022
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income | $ 1,235,559 | $ 837,180 | $ 990.076 |
| Adjustments to reconcile net income to net cash provided by operating activities | 4 1,200,000 | $ 007,100 | $ 000,070 |
| Depreciation and amortization | 10,395 | 7,796 | 1,667 |
| Changes in asset |
Source: Item 23 — Receipts (FDD pages 37–126)
What This Means (2025 FDD)
According to Focus Cfo's 2025 Franchise Disclosure Document, the decrease in other long term assets was $19,280 in 2024. This figure is part of the consolidated statement of cash flows, specifically within the cash flows from operating activities section.
This indicates that Focus Cfo used $19,280 less in other long-term assets in 2024 compared to the previous year. Other long-term assets can include items such as long-term investments, intangible assets, or property, plant, and equipment that are not expected to be converted to cash within one year.
For a prospective franchisee, this information provides insight into how Focus Cfo manages its assets and overall cash flow. Changes in these asset categories can reflect strategic decisions about investments, business expansion, or the disposal of assets. Monitoring these trends can help a franchisee understand the financial stability and operational strategies of Focus Cfo.