What was the decrease (increase) 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 (increase) in other long term assets in 2024 was $19,280. This figure is part of the cash flow statement, specifically within the cash flows from operating activities section. It reflects the change in the company's other long-term assets during the year.
For a prospective franchisee, this indicates how Focus Cfo's long-term assets are managed. An increase in other long-term assets could mean Focus Cfo is investing more in resources that will benefit the company over an extended period. Conversely, a decrease might suggest the company is liquidating some of these assets or that they are depreciating.
It's important to note that this is just one line item in the financial statements. A potential franchisee should review the entire cash flow statement, balance sheet, and income statement to get a comprehensive understanding of Focus Cfo's financial health. Understanding the context behind changes in long-term assets requires further investigation into what these assets are and how they contribute to the company's operations and profitability.