What is the significance of the 'account general trabilities' entry in the financial statements for Sonesta Simply Suites?
Sonesta_Simply_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
899 | $ 255 | $ 87,652 | $ (9,676) | $ 78,231 |
RED LION HOTELS CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS
(dollars in thousands)
| Tolking from printing activities: Net income (loss) ( 20, 10) $ 1, 107 $ ( 3, 10) Adjustments to reconcile net loss to cash provided by (used in) operating activities: $ 1, 100 $ 3, 30 Propreciation and amoritation 1,514 3, 60 3, 70 Amoritation of key money and contract costs 1,514 3, 60 7 Amoritation of contract liabilities 1,912 1,912 1,912 Peberferd income taxes 1,912 1,912 1,912 Other for (expense), net 1,912 1,912 1,912 Designion sale of hotel 1,913 4,912 1,912 Account general trabilities 1,913 4,912 1,912 Accounting term assets and liabilities 1,914 4,912 1,912 Accounting term assets and propriate passes and other current assets 1,914 4,912 4,912 Accounting term assets and liabilities 3,134 4,912 4,912 Account propriate principal tradities 1,243 4,52 4,52 Account propriate principal tradities 3,134 4,52 | Decembe | ember 31, | r 31, | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Net income (loss) $ (2,913) $ 1,477 $ (3,186) Adjustments to reconcile net loss to cash provided by (used in) operating activities: 489 1,691 3,506 Depreciation and amortization 489 1,691 3,506 Amortization of key money and contract costs 1,514 396 7 Amortization of contract liabilities 192 1,497 713 Deferred income taxes 1,112 (1,819) 654 Other income ( |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 79)
What This Means (2025 FDD)
According to Sonesta Simply Suites's 2025 Franchise Disclosure Document, the 'account general trabilities' entry appears in a table within the financial statements. This table seems to relate net income (loss) to cash flow from operating activities. The table includes various adjustments to reconcile net income (loss) to cash provided by or used in operating activities.
The specific amounts listed for 'account general trabilities' are 1,913, 4,912, and 1,912. However, due to the poor formatting and potential OCR errors in the provided table, it's difficult to determine the exact years or categories these figures correspond to. The table also includes other adjustments such as depreciation and amortization, amortization of key money and contract costs, deferred income taxes, and other income (expense), net, all of which are standard items in financial reconciliations.
Prospective Sonesta Simply Suites franchisees should be aware that this table is intended to provide insight into the company's cash flow generation relative to its reported net income. A significant difference between net income and operating cash flow could indicate potential issues with earnings quality or the timing of revenue and expense recognition. Given the formatting issues, it would be prudent for potential franchisees to request a clearer, more detailed breakdown of these figures from Sonesta Simply Suites to fully understand their implications.