What were the net gains on equity securities for Bw Premier Collection in 2023 (in thousands)?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
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Consolidated Statements of Cash Flows
| (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 |
| 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) |
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Consolidated Statements of Cash Flows
| (in thousands) | 2023 | 2022 | |
|---|---|---|---|
| Investments in certificates of deposits | $ 2,253 | $ 5,250 | |
| Corporate bonds | 2,043 | 10,074 | |
| U.S. |
Source: Item 23 — Receipts (FDD pages 54–203)
What This Means (2025 FDD)
According to Bw Premier Collection's 2025 Franchise Disclosure Document, the net (gains) on equity securities in 2023 were ($11,629) thousand. This figure reflects the gains from equity securities as part of the cash flows from operating activities. It is important to note that this number is presented as a negative value, indicating a net gain.
This information is part of a larger financial statement detailing the cash flows from operating, investing, and financing activities. For prospective franchisees, understanding these figures is crucial as it provides insight into how Bw Premier Collection manages its investments and generates cash. Equity securities are investments in stocks, representing ownership in a company.
The document also shows proceeds from the sale of equity securities in 2023 amounted to $9,722 thousand, while the purchase of equity securities totaled $80,164 thousand. These activities are categorized as cash flows from investing activities. The net gains recognized during the period on equity securities amounted to $11,897 thousand, which includes both unrealized gains on equity securities still held ($11,137 thousand) and realized gains on equity securities sold during the period ($760 thousand).
These figures offer a glimpse into Bw Premier Collection's investment strategy and its impact on the company's overall financial health. Franchisees should analyze these numbers in the context of the company's broader financial performance to assess the stability and growth potential of the franchise system.