What are the specific components included in the 'Account propriate principal tradities' 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 (expense), net 2 1 9 486 Other income (expense), net 3,111 (942) (50 Change in current assets and liabilities (3,111) (942) (50 Prepaid expenses and other current assets (706) (414) (541) Other long term assets (19,498) (9,440) (1,007) Accounts receivable, net (3,111) (942) (50 Prepaid expenses and other current assets (706) (414) (541) Other long term assets (19,498) (9,440) (1,007) Accounts payable (2,132) | 2024 | 2023 | (Restated) | 2022 | |||||
| Adjustments to reconcile net loss to eash provided by (used in) operating activities: 489 1,691 3,506 Depreciation and amorization 1,514 396 7 Amortization of Centract liabilities 192 1,497 713 Deferred income taxes - 1 1 Other income (expense), net - - 846 Loss (gain) on sale of hotel 153 (160) - Change in current assets and liabilities (3,111) (942) (50) Accounts receivable, net (3,111) (942) (50) Prepaid expenses and other current assets (706) (414) (541) Other long term assets (19,498) (9,440) (1,007) Accounts program liability 139 - - Accrued compensation, accrued expenses, and other liabilities 893 (2,777) 3,600 Net cash provided by (used in) operating activities (735) (433) (588) Proceeds from sale of hotel - 550 - Capital expenditures (735) (43) | Cash flows from operating activities: | ||||||||
| Depreciation and amortization Asy 1,691 3,506 Amortization of key money and contract costs 1,514 396 77 Amortization of contract liabilities 192 1,497 713 Deferred income taxes - 1 1 Provision (Recovery) of doubtful accounts 1,112 (1,819) 654 Other income (expense), net - - 846 Loss (gain) on sale of hotel 153 (160) - Change in current assets and liabilities Acco |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 79)
What This Means (2025 FDD)
According to Sonesta Simply Suites's 2025 Franchise Disclosure Document, the components of 'Account propriate principal tradities' are not explicitly detailed. However, the document includes a table with line items related to financial reporting. The table includes categories such as 'Net income (loss)', 'Adjustments to reconcile net loss to cash provided by (used in) operating activities', 'Depreciation and amortization', 'Amortization of key money and contract costs', 'Amortization of contract liabilities', 'Deferred income taxes', 'Other income (expense), net', 'Loss (gain) on sale of hotel', 'Change in current assets and liabilities', 'Accounts receivable, net', 'Prepaid expenses and other current assets', 'Other long term assets', 'Accounts payable', 'Accrued compensation, accrued expenses, and other liabilities', 'Net cash provided by (used in) operating activities', 'Proceeds from sale of hotel', and 'Capital expenditures'.
While the phrase 'Account propriate principal tradities' appears in the table, the document does not define or break down the specific elements that comprise this line item. The table provides financial data for the years 2022, 2023 (restated), and 2024, offering a comparative view of these financial categories over time. For example, under 'Prepaid expenses and other current assets,' the values are ($706), ($414), and ($541) for 2024, 2023, and 2022, respectively.
Prospective Sonesta Simply Suites franchisees should seek clarification from the franchisor regarding the precise accounting practices and components included within 'Account propriate principal tradities'. Understanding these details is crucial for a comprehensive grasp of the financial statements and how the franchisor manages its assets and liabilities. Further investigation into these accounting terms will provide a clearer picture of the financial health and operational cash flows of Sonesta Simply Suites.