What was the net cash used by financing activities for Focus Cfo in 2022?
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 |
| Adjustmen |
Source: Item 23 — Receipts (FDD pages 37–126)
What This Means (2025 FDD)
According to Focus Cfo's 2025 Franchise Disclosure Document, the net cash used by financing activities in 2022 was ($665,158). This figure represents the overall cash flow impact from activities related to funding the business, such as contributions from members and distributions to them.
Specifically, the FDD shows that Focus Cfo had members' contributions of $74,980 and members' distributions of ($740,138) in 2022. The net cash used is calculated by combining these figures. For a prospective franchisee, this indicates the financial transactions between the company and its owners during that year.
It is important to note that these numbers reflect the financial activities of Focus Cfo Group, LLC, and understanding these cash flow dynamics can provide insights into the company's financial management and its relationship with its members. Reviewing these figures over several years, as presented in the table, can help potential franchisees identify trends and assess the financial stability and practices of Focus Cfo.