What was the provision for deferred income taxes for Bw Premier Collection in 2022 (in thousands)?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
t and computer software consisted of the following:
| (in thousands) | 2023 | 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 |
Source: Item 23 — Receipts (FDD pages 54–203)
What This Means (2025 FDD)
According to Bw Premier Collection's 2025 Franchise Disclosure Document, the provision for deferred income taxes is detailed in Item 23, which covers receipts for the fiscal years 2023 and 2022. The document states that the provision for deferred income taxes for Bw Premier Collection in 2022 was $1,393 thousand.
This figure is part of the adjustments used to reconcile the excess of revenues over expenses to net cash provided by operating activities. It indicates the change in deferred tax assets and liabilities, reflecting the future tax consequences of past transactions.
For a prospective franchisee, understanding this number is crucial as it reflects the tax management strategies and financial health of Bw Premier Collection. It is essential to consider this figure in conjunction with other financial data to assess the overall profitability and stability of the franchise system. Reviewing these figures over multiple years can provide insights into the consistency and predictability of Bw Premier Collection's financial performance.