In the Remax Consolidated Statements of Cash Flows, are the cash amounts presented in thousands, or another unit of measurement?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
All cash held by the Marketing Funds is contractually restricted. The following table reconciles the amounts presented for cash, both unrestricted and restricted, in the Consolidated Balance Sheets to the amounts presented in the Consolidated Statements of Cash Flows (in thousands):
Source: Item 1 — Business and Organization (FDD pages 334–464)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, the amounts presented for cash in the Consolidated Statements of Cash Flows are in thousands. This is explicitly stated in the reconciliation table for cash, both unrestricted and restricted, between the Consolidated Balance Sheets and the Consolidated Statements of Cash Flows.
For a prospective Remax franchisee, this means that all cash figures reported in the financial statements related to cash flow are presented in thousands of U.S. dollars. For example, a reported value of $100 would actually represent $100,000. This is a standard practice in financial reporting to simplify the presentation of large numbers.
Understanding the unit of measurement is crucial for accurately interpreting Remax's financial performance. Franchisees should pay close attention to this detail when reviewing the financial statements to avoid misinterpreting the actual cash values. This convention applies specifically to the Consolidated Statements of Cash Flows, as indicated in the FDD.