What was the net cash provided by operating activities for Jersey Mikes in 2023?
Jersey_Mikes Franchise · 2025 FDDAnswer from 2025 FDD Document
ALANCE—December 31, 2024 | $ 40,000 | $ (25,662) | $ (857,931,035) | $ - | $ (857,916,697) |
CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2024, 2023, AND 2022
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||
| Net income | $ 5,039,581 | $ 21,256,637 | $ 19,526,715 |
| Adjustments to reconcile net income to cash | |||
| provided by operating activities: | |||
| Depreciat |
Source: Item 22 — CONTRACTS (FDD page 77)
What This Means (2025 FDD)
According to Jersey Mike's 2025 Franchise Disclosure Document, the net cash provided by operating activities in 2023 was not explicitly stated. However, the document does provide components used to calculate cash flow from operating activities.
Specifically, the 2025 FDD includes a table that shows the net income for 2023 was $21,256,637. It also lists several adjustments to reconcile net income to cash provided by operating activities, such as depreciation and amortization ($10,034,941), amortization of deferred financing costs ($4,081,451), and amortization of right of use asset ($996,835).
To determine the actual net cash provided by operating activities, a prospective franchisee would need to review the complete consolidated statements of cash flows, which are referenced in the FDD but not fully reproduced in the provided excerpts. It would be prudent for a potential franchisee to request this complete statement from Jersey Mikes to fully understand their cash flow dynamics.