What was the total deferred state income tax provision for Best Western in 2022 (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 deferred state income tax provision for 2022 was $132,000. This figure is part of the broader income tax information provided in Item 23, offering a detailed breakdown of current and deferred taxes at the federal, foreign, and state levels.
For a prospective Best Western franchisee, understanding these tax figures is crucial for assessing the financial health and stability of the organization. Deferred tax liabilities and assets can provide insights into future tax obligations and potential benefits, impacting the overall profitability and cash flow of the franchise system.
Specifically, the state deferred income tax reflects timing differences between when certain revenues and expenses are recognized for financial reporting purposes versus for state tax purposes. Monitoring these figures over time can reveal trends in Best Western's tax planning and management strategies.
It is important to note that these figures are presented in thousands, so the $132 figure represents $132,000. Franchisees should consult with financial advisors to fully understand the implications of these tax provisions on their investment and business operations.