What was the net cash provided by financing activities for Best Western in 2023?
Best_Western Franchise · 2025 FDDAnswer from 2025 FDD Document
| (in thousands) | 2023 | 2022 |
|---|---|---|
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Repayment of construction loan | $ (456) | $ - |
| Proceeds from construction loans | 1,135 | 12,515 |
| NET CASH PROVIDED BY FINANCING ACTIVITIES | 679 | 12,515 |
| Net decrease in cash and cash equivalents, and restricted cash | (77,359) | (4,476) |
| Effect of foreign exchange rate changes on cash and cash equivalents, | ||
| and restricted cash | 197 | (177) |
| Cash and cash equivalents, and restricted cash at beginning of period | 250,515 | 255,168 |
| CASH AND CASH EQUIVALENTS, AND RESTRICTED CASH | ||
| AT END OF PERIOD | $ 173,353 | $ 250,515 |
Source: Item 23 — Receipts (FDD pages 108–413)
What This Means (2025 FDD)
According to Best Western's 2025 Franchise Disclosure Document, the net cash provided by financing activities in 2023 was $679,000. This figure represents the net result of Best Western's financing activities, including proceeds from construction loans and repayment of construction loans.
In 2023, Best Western had proceeds from construction loans totaling $1,135,000 and repayment of construction loan totaling $456,000. The net cash provided by financing activities is a key indicator of the company's financial health and its ability to fund its operations and growth through financing.
Prospective franchisees should consider this information in the context of Best Western's overall financial performance and its strategic plans for the future. Understanding the company's financing activities can provide insights into its investment strategies and its approach to managing debt and equity.