What was the change in prepaid expenses and other current assets for Bw Premier Collection in 2022 (in thousands)?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
| (in thousands) | 2023 | Years Ended November 30, 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 |
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 prepaid expenses and other current assets in 2022 was a decrease of $2,473 thousand. This figure is derived from the cash flow statement, which reconciles revenues over expenses to net cash provided by operating activities.
This decrease in prepaid expenses and other current assets suggests that Bw Premier Collection used more of these assets during the year than it acquired. Prepaid expenses are costs paid in advance for goods or services, such as insurance or rent, while other current assets can include items like inventory or short-term investments. A decrease could indicate tighter expense management or changes in operational needs.
For a prospective Bw Premier Collection franchisee, this information provides insight into the company's financial management and cash flow dynamics. Monitoring changes in these asset categories can help franchisees understand how the company is managing its resources and whether there are any trends that could impact their own operations. It is important to note that this change is part of a broader cash flow statement, and should be considered in conjunction with other factors to gain a comprehensive understanding of Bw Premier Collection's financial health.