What was the total amount of income taxes receivable 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 |
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 income taxes receivable totaled $9,748,000 in 2023. This figure represents the amount of income taxes that Bw Premier Collection expects to receive from various entities. This is a current asset, meaning it is expected to be converted to cash within one year.
For a prospective franchisee, understanding the income taxes receivable can provide insight into the financial health and stability of Bw Premier Collection. It reflects the company's ability to manage its tax obligations and its expectations for future tax-related income. A higher income taxes receivable might indicate that Bw Premier Collection has overpaid on previous taxes and is due a refund, or it could be related to specific tax strategies or incentives the company is utilizing.
It's important to note that this figure is presented in thousands, so the actual amount is significantly larger than the number shown. Reviewing this information in conjunction with other financial statement items, such as total assets and liabilities, can offer a more comprehensive view of Bw Premier Collection's financial position. Additionally, comparing this figure to previous years can help identify trends and potential areas of concern or improvement.