What was the amount of income taxes paid by Noodles & Company in 2023?
Noodles_Company Franchise · 2025 FDDAnswer from 2025 FDD Document
| Operating leases | $ 43,643 | $ | 42,731 | |
|---|---|---|---|---|
| Finance leases | 2,626 | 2,672 | ||
| $ 46,269 | $ | 45,403 | ||
| Right-of-use assets obtained in exchange for new lease liabilities: | ||||
| Operating leases | $ 3,978 | $ | 27,385 | |
| Finance leases | 2,639 | 462 | ||
| $ 6,617 | $ | 27,847 |
13. Supplemental Disclosures to Consolidated Statements of Cash Flows
The following table presents the supplemental disclosures to the Consolidated Statements of Cash Flows for 2024, 2023 and 2022 (in thousands):
| | 2024 | 2023 | 2022 |
Source: Item 22 — CONTRACTS (FDD pages 98–99)
What This Means (2025 FDD)
According to Noodles & Company's 2025 Franchise Disclosure Document, the income taxes paid in 2023 were $158,000. This figure reflects the actual cash outflow for income taxes during that fiscal year. It's important to note that this is distinct from the provision for income taxes, which is an accounting estimate of income tax expense.
Understanding the difference between income taxes paid and the provision for income taxes is crucial for prospective franchisees. The income taxes paid represent the actual cash leaving the company, impacting its cash flow. The provision for income taxes, on the other hand, is an expense recognized on the income statement, which affects the company's net income or loss. These values can differ due to timing differences and other factors.
For a potential Noodles & Company franchisee, this information provides insight into the company's tax obligations and cash management. While the franchisor's tax payments don't directly dictate a franchisee's tax liabilities, they offer a glimpse into the financial health and tax planning strategies of the overall organization. Reviewing these figures over several years, as presented in the table, can reveal trends and potential impacts of tax law changes or company performance on its tax obligations.