What was the change in accounts receivable for Bw Premier Collection in 2022 (in thousands)?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
t and computer software consisted of the following:
| (in thousands) | 2023 | 2022 | |---|---|---| | CASH FLOWS FROM OPERATING ACTIVITIES: | | | | Excess of revenues over expenses | $ 89,020 | $ 87,769 | | Adjustments to reconcile excess of revenues over | | | | expenses to net cash provided by operating activities: | | | | Depreciation and amortization | 18,162 | 14,748 | | Provision for doubtful accounts | 794 | (1,650) | | Net losses (gains) on Restricted Rabbi Trust investments | (996) | 1,977 | | Net losses on available for sale debt securities | 479 | - | | Net (gains) on equity securities | (11,629) | (761) | | Amortization of bond premiums/(discounts) on held-to-maturity securities, net | 79 | 131 | | Amortization/(accretion) of premiums/(discounts) | | | | on available-for-sale debt securities, net | (1,732) | (144) | | Change in accrued interest on held-to-maturity securites, net | 66 | - | | Change in accrued interest on available-for-sale debt securities, net | (6) | 36 | | Provision for deferred income taxes | 2,999 | 1,393 | | Loss on disposition of property, equipment and computer software | 27 | 216 | | Changes in assets and liabilities: | | | | Accounts receivable | 9,528 | (7,988) | | Prepaid expenses and other current assets | (741) | (2,473) | | Income taxes | (1,327) | (9,710) | | Other assets, net | (735) | 1,002 | | Accounts payable, accrued liabilities and deferred compensation plans liability | 5,239 | 2,749 | | Deferred revenue | (2,089) | (510) | | Frequent stay program liability | (1,094) | 15,033 | | Deposits | (3,567) | 952 | | NET CASH PROVIDED BY OPERATING ACTIVITIES | 102,477 | 102,770 | | CASH FLOWS FROM INVESTING ACTIVITIES: | | | | Proceeds from maturity of held-to-maturity debt securities | 13,000 | 16,500 | | Proceeds from maturity of available-for-sale debt securities | 4,118 | - | | Proceeds from sale of available-for-sale debt securities | 41,029 | 3,460 | | Proceeds from sale of equity securities | 9,722 | 843 | | Purchase of available-for-sale debt securities | (149,432) | (76,005) | | Purchase of equity securities | (80,164) | (37,712) | | Development costs of hotel investments | (820) | (11,211) | | Fund Restricted Rabbi Trust investments | (285) | (439) | | Purchase of property, equipment and computer software | (17,683) | (15,197) | | NET CASH USED IN INVESTING ACTIVITIES | (180,515) | (119,761) | Depreciation and amortization expense consisted of the following:
| (in thousands) | 2023 | 2022 |
|---|---|---|
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Rep |
Source: Item 23 — Receipts (FDD pages 54–203)
What This Means (2025 FDD)
According to Bw Premier Collection's 2025 Franchise Disclosure Document, the change in accounts receivable for the year ended November 30, 2022, was a decrease of $7,988 thousand. This figure is part of the cash flow statement, specifically within the changes in assets and liabilities under operating activities.
For a prospective franchisee, this indicates how much Bw Premier Collection's accounts receivable changed during that period. A negative value suggests that the company collected more on its receivables than it accrued, which could be a sign of efficient credit and collection policies.
However, it is essential to consider this figure in the context of overall financial performance and industry trends. Fluctuations in accounts receivable can be influenced by various factors, such as changes in sales volume, credit terms, and collection efforts. Therefore, a franchisee should investigate the reasons behind this change and assess its potential impact on their own operations.