What were the proceeds from maturity of held-to-maturity debt 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) | 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 U |
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 during the year ended November 30, 2023, were $13,000 (in thousands). This information is derived from the cash flow statement, specifically within the investing activities section. This indicates the cash inflow Bw Premier Collection received from its investments in debt securities that reached their maturity date during that year.
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 considered a more conservative investment approach, as they are intended to be held until their maturity date, providing a predictable stream of income. The proceeds from these securities can be reinvested or used for other business purposes, such as funding operations or expansion.
It's important to note that this is just one aspect of Bw Premier Collection's overall financial performance. A prospective franchisee should consider this figure in conjunction with other financial data, such as revenues, expenses, and other cash flows, to get a comprehensive understanding of the company's financial health. Additionally, understanding the types of debt securities Bw Premier Collection invests in and their maturity dates can provide further insight into their investment strategy and risk profile.