What was the total amount of deferred income taxes 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 Financial Position
| (in thousands) | 2023 | As of November 30, 2022 |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $ 161,159 | $ 239,426 |
| Restricted cash | 12,194 | 11,089 |
| Short-term investments | 15,939 | 16,396 |
| Accounts receivable, principally from Members, net | 61,858 | 72,182 |
| Prepaid expenses and other current assets | 18,017 | 17,265 |
| Income taxes receivable | 9,748 | 8,430 |
| TOTAL CURRENT ASSETS | 278,915 | 364,788 |
| Property, equipment and computer software, net | 34,476 | 31,252 |
| Hotel investments, net | 52,025 | 53,403 |
| Long-term investments | 281,094 | 110,512 |
| Restricted Rabbi Trust investments | 17,037 | 19,063 |
| Deferred income taxes | 47,276 | 49,204 |
| Other assets, net | 23,014 |
Source: Item 23 — Receipts (FDD pages 54–203)
What This Means (2025 FDD)
According to Bw Premier Collection's 2025 Franchise Disclosure Document, the company's deferred income taxes totaled $47,276,000 in 2023. This figure represents the net deferred tax assets, which is the result of subtracting deferred tax liabilities and valuation allowance from total deferred tax assets.
Deferred tax assets arise when Bw Premier Collection has overpaid taxes or has future tax benefits, while deferred tax liabilities occur when they have underpaid or will owe more taxes in the future. These amounts are considered 'temporary differences' between accounting for financial reporting and tax purposes. The valuation allowance is a reduction in the deferred tax asset to reflect the possibility that some portion of the asset will not be realized.
For a prospective franchisee, understanding these figures is crucial as they reflect Bw Premier Collection's financial health and tax planning strategies. While franchisees are not directly responsible for these corporate taxes, the overall financial stability of the franchisor can impact the support and resources available to them. It is important to note that these figures are in thousands, so the actual amounts are significantly larger than they appear at first glance.