What were the changes in accounts receivable for Bw Premier Collection in 2024 (in thousands)?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
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Consolidated Statements of Cash Flows
| (in thousands) | 2024 | Years Ended November 30, 2023 |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Excess of revenues over expenses | $ 65,117 | $ 89,020 |
| Adjustments to reconcile excess of revenues over | ||
| 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 equity securities | (31,732) | (11,629) |
| Amortization of bond premiums/(discounts) on held-to-maturity debt securities, net | 16 | 79 |
| Amortization/(accretion) of premiums/(discounts) | ||
| on available-for-sale debt securities, net | (1,990) | (1,732) |
| Accrued interest on held-to-maturity debt securites, net | 30 | 66 |
| Accrued interest on available-for-sale debt securities, net | (77) | (6) |
| Provision for deferred income taxes | 2,167 | 2,999 |
| Loss on disposition of property, equipment and computer software | 13 | 27 |
| Changes in assets and liabilities: | ||
| Accounts receivable | (4,125) | 9,528 |
| Prepaid expenses and other current assets | (574) | (741) |
| Income taxes | (352) | (1,327) |
| Other assets, net | (640) | (735) |
| Accounts payable, accrued liabilities and deferred compensation plans liability | 3,938 | 5,239 |
| Deferred revenue | (202) | (2,089) |
| Frequent stay program liability | 15,426 | (1,094) |
| Deposits | (104) | (3,567) |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 65,101 | 102,477 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Proceeds from maturity of held-to-maturity debt securities | 4,250 | 13,000 |
| Proceeds from maturity of available-for-sale debt securities | 5,281 | 4,118 |
| Proceeds from sale of available-for-sale debt securities | 64,396 | 41,029 |
| Proceeds from sale of equity securities | 15,865 | 9,722 |
| Purchase of available-for-sale debt securities | (104,222) | (149,432) |
| Purchase of equity securities | (26,664) | (80,164) |
| Development costs of hotel investments | (554) | (820) |
| Fund Restricted Rabbi Trust investments | (413) | (285) |
| Purchase of property, equipment and computer software | (20,742) | (17,683) |
| NET CASH USED IN INVESTING ACTIVITIES | (62,803) | (180,515) |
Continues on next page.
See accompanying notes to consolidated financial statements.
Source: Item 23 — Receipts (FDD pages 54–203)
What This Means (2025 FDD)
According to Bw Premier Collection's 2025 Franchise Disclosure Document, the changes in accounts receivable in 2024 were a decrease of $4,125,000. This figure is part of the cash flow statement, specifically within the cash flows from operating activities section. In the preceding year, 2023, there was an increase in accounts receivable of $9,528,000.
Accounts receivable represent the money owed to Bw Premier Collection by its customers for services rendered but not yet paid. A decrease in accounts receivable typically suggests that the company is collecting payments more efficiently or that sales have decreased. Conversely, an increase suggests slower collections or higher sales volume.
For a prospective franchisee, monitoring changes in accounts receivable is crucial. A significant decrease might indicate improved financial management, while a substantial increase could signal potential issues with payment collection or customer solvency. Understanding these trends helps in assessing the financial health and operational efficiency of Bw Premier Collection.