What was the purchase amount of available-for-sale debt securities for Best Western in 2023 (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 |
Source: Item 23 — Receipts (FDD pages 108–413)
What This Means (2025 FDD)
According to Best Western's 2025 Franchise Disclosure Document, the company's purchase of available-for-sale debt securities in 2023 totaled $149,432,000. This figure reflects the company's investment activity during that year related to debt securities.
For a prospective Best Western franchisee, this information provides insight into how Best Western manages its finances and invests its capital. Significant investment activity, such as the purchase of debt securities, can indicate the financial strategy and stability of the company.
It is important to note that this figure represents the purchase amount only and does not reflect any potential income or losses from these investments. Reviewing Best Western's overall financial performance and investment strategies can help potential franchisees assess the financial health of the franchisor.