What were the proceeds from maturity of held-to-maturity debt securities for Bw Premier Collection in 2022 (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 proceeds from the maturity of held-to-maturity debt securities in 2022 were $16,500,000. This information is derived from the cash flow statement related to investing activities. The proceeds reflect the cash Bw Premier Collection received when these debt securities reached their maturity date.
For a prospective franchisee, this figure provides insight into Bw Premier Collection's investment strategies and how they manage their assets. Held-to-maturity debt securities are generally low-risk investments, suggesting a conservative approach to managing the company's finances. The proceeds from these securities can be reinvested or used for other business activities.
It's important to note that this is just one component of Bw Premier Collection's overall financial picture. Franchisees should consider this information in conjunction with other financial data, such as revenues, expenses, and other investment activities, to gain a comprehensive understanding of the company's financial health and stability. Reviewing trends across multiple years, including 2023 data ($13,000) also available in the provided excerpt, can offer a more complete picture of Bw Premier Collection's financial management.