What was the total current income tax provision for Best Western in 2023 (in thousands)?
Best_Western Franchise · 2025 FDDAnswer from 2025 FDD Document
and other current assets consisted of the following:
| (in thousands) | 2023 | 2022 |
|---|---|---|
| Prepaid expenses and other current assets | $ 17,060 | $ 16,301 |
| Current contract assets | 957 | 964 |
| Total | $ 18,017 | $ 17,265 |
(5) Income Taxes
The income tax provision for the years ended N
Source: Item 23 — Receipts (FDD pages 108–413)
What This Means (2025 FDD)
According to Best Western's 2025 Franchise Disclosure Document, the total current income tax provision for 2023 was $25,571 (in thousands). This figure represents the sum of federal, foreign, and state current income taxes. Specifically, the federal current income tax was $19,580, the foreign current income tax was $856, and the state current income tax was $5,135, all in thousands.
This information is relevant for prospective Best Western franchisees as it provides insight into the brand's tax obligations and financial performance. Understanding the breakdown of current income taxes can help franchisees assess the financial health and stability of Best Western. It's important to note that these figures are based on Best Western's specific financial situation and tax liabilities for that year.
It is also important to note that the income tax provision includes both a current and a deferred portion. The total income tax provision for Best Western in 2023 was ($27,498) (in thousands). This figure is the combination of the current income tax provision ($25,571) and the total deferred income tax provision ($1,927).