What were the proceeds from maturity of held-to-maturity debt securities for Best Western in 2024 (in thousands)?
Best_Western Franchise · 2025 FDDAnswer from 2025 FDD Document
cost) | | - | 4,296 | | Total short-term debt securities | | $ 16,824 | $ 15,939 | | (in thousands) | 2024 | 2023 | | | Long-term debt securities available-for-sale (at fair value) | | $ 196,185 | $ 161,394 | | Long-term equity securities (at fair value) | 162,231 | 119,700 | | | Total long-term debt and equity securities | | $ 358,416 | $ 281,094 |
Consolidated Statements of Cash Flows
| (in thousands) | 2024 | 2023 | |
|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||
| Excess of revenues over expenses | $ 65,117 | $ 89,020 | |
| Adjustments to reconcile excess of revenues over | Ψ 00,117 | Ψ 07,020 | |
| expenses to net cash provided by operating activities: | |||
| Depreciation and amortization | 20,774 | 18,162 | |
| Provision for credit losses | 1,006 | 794 | |
| Net (gains) on Restricted Rabbi Trust investments | (3,828) | (996) | |
| Net losses on available-for-sale debt securities | 238 | 479 | |
| Net (gains) on equity securities | (31,732) | (11,629) | |
| Amortization of bond premiums/(discounts) on held-to-maturity debt securities, | 79 | ||
| Amortization/(accretion) of premiums/(discounts) | |||
| on available-for-sale debt securities, net | (1,990) | (1,732) | |
| Accrued interest on held-to-maturity debt securites, net | 30 | 66 | |
| Accrued interest on available-for-sale debt securities, net | (77) | (6) | |
| Provision for deferred income taxes | 2,167 | 2,999 | |
| Loss on disposition of property, equipment and computer software | 13 | 27 | |
| Changes in assets and liabilities: | (4.405) | 0.500 | |
| Accounts receivable | (4,125) | 9,528 | |
| Prepaid expenses and other current assets | (574) | (741) | |
| Income taxes | (352) | (1,327) | |
| Other assets, net | (640) | (735) | |
| Accounts payable, accrued liabilities and deferred compensation plans liability | 3,938 | 5,239 | |
| Deferred revenue | (202) | (2,089) | |
| Frequent stay program liability | 15,426 | (1,094) | |
| Deposits | (104) | (3,567) | |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 65,101 | 102,477 | |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||
| Proceeds from maturity of held-to-maturity debt securities | 4,250 | 13,000 | |
| Proceeds from maturity of available-for-sale debt securities | 5,281 | 4,118 | |
| Proceeds from sale of available-for-sale debt securities | 64,396 | 41,029 | |
| Proceeds from |
Source: Item 23 — Receipts (FDD pages 108–413)
What This Means (2025 FDD)
According to Best Western's 2025 Franchise Disclosure Document, the proceeds from the maturity of held-to-maturity debt securities during 2024 were $4,250 thousand. This information is derived from the cash flow statement, specifically within the cash flows from investing activities.
For a prospective Best Western franchisee, understanding these figures provides insight into how Best Western manages its investments and generates cash. Proceeds from maturing debt securities can be reinvested into the company, used for operational expenses, or distributed in other ways. Monitoring these cash flow activities can help franchisees assess the financial stability and strategic direction of Best Western.
It's important to note that this figure represents only one aspect of Best Western's overall financial health. Franchisees should consider this information in conjunction with other financial data, such as revenues, expenses, and other investment activities, to gain a comprehensive understanding of the company's financial performance. Reviewing trends over multiple years, as presented in the provided tables, can also offer valuable insights into the consistency and sustainability of Best Western's financial strategies.