BurgerFi International, Inc. Cashflow Statement

Ask AI

Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Statements of Cash Flows

In millions of USD, except per-share amounts

	FY2023 12 months to Jan 1, 2024	FY2022 12 months to Jan 2, 2023	FY2021 12 months to Dec 31, 2021	FY2020 12 months to Dec 31, 2020	FY2019 12 months to Dec 31, 2019
Cash Flows (Used In) Provided By Operating Activities
Net (loss) income
Net loss
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Interest earned on marketable securities held in Trust Account
Unrealized (gain) loss on marketable securities held in Trust Account
Impairment
Goodwill and intangible asset impairment
Goodwill impairment
Asset impairment
Depreciation and amortization
Deferred income taxes
Share-based compensation
Gain on legal settlement
Forfeited franchise deposits
Gain on change in value of warrant liability
Total deferred income tax benefit, net of valuation allowance
Other non-cash interest
Other, net
Provision for bad debts
Loss on disposal of property & equipment
Store closure costs
Non-cash lease cost
Gain on extinguishment of debt
Changes in operating assets and liabilities:
Prepaid expenses
Prepaid income taxes
Accounts payable and accrued expenses
Income taxes payable
Accounts receivable
Inventory
Other assets
Prepaid expenses and other assets
Accounts payable - trade and other
Accrued expenses and gift card liability
Deferred franchise fees
Other liabilities
Accrued expenses and other current liabilities
Deferred rent
Deferred revenue and other liabilities
Other long-term liabilities

Net Cash Flows (Used In) Provided By Operating Activities
Net Cash Flows From Investing Activities
Investment of cash in Trust Account
Cash withdrawn from Trust Account to pay franchise and income taxes
Cash withdrawn from Trust Account to redeeming stockholders
Purchase of restaurant from franchisee
Deposit on sale
Purchases of property and equipment
Cash acquired as part of the Anthony's acquisition
Proceeds from sale of property and equipment
Advances to related companies
Repayments from related companies
Purchase of trademarks
Other investing activities
Net Cash Flows Used In Investing Activities

Net Cash Flows From Financing Activities
Proceeds on revolving line of credit
Payments on notes payable
Proceeds from issuance of common stock
Proceeds from borrowings
Members’ distributions
Members’ contributions
Payment of direct costs on issuance of common stock
Proceeds from related party note payable
Proceeds from promissory note
Proceeds from promissory note – related party
Tax payments for restricted stock upon vesting
Debt issuance cost
Repayments of finance leases
Net Cash Flows Provided By (Used In) Financing Activities

Net Change in Cash
Cash – Beginning
Cash – Ending
Net Decrease in Cash and Cash Equivalents
Cash and Cash Equivalents, beginning of year
Cash and Cash Equivalents, end of year
Supplemental cash flow disclosures:
Cash paid for interest
Cash paid for income taxes paid
Change in value of common stock subject to possible redemption
Fair value of net liabilities assumed in legal settlement
Fair value of common stock issued in legal settlement
Value of preferred stock issued in Anthony's acquisition
ROU assets obtained in the exchange for lease liabilities:
Finance leases
Operating leases
ROU liabilities reduced in exchange for lease terminations
Cash paid for income taxes

Comments