table_specific
What is the trend in 'Peberferd income taxes' for Sonesta Simply Suites over the years presented?
Sonesta_Simply_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 Accounts receivable, net (3,111) (942) (50) Pepaid expenses and other current assets (706) (414) (541) Other long term assets (19,498) (9,440) (1,007) Accounts payable (434) (436) (682) Loyalty 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) (358) Proceeds from sale of hotel (10,200) (10,200) (10,200) Cash flows from investing activities (735) (433) (358) Proceeds from sale of hotel (12) - (264) Disbursement of notes receivable (12) - (264) Disbursement of notes receivable (12) - (264) Disbursement of notes receivable (12) - (264) Collection of notes receivable (14) 3.9 5.4 Cash flows from financing activities (735) (338) (358) Cash flows from financing activities (1534) 8,768 - Cash flows from financing activities (1,534) 8,768 - Cash flows from financing activities (1,534) 8,768 - Cash flows from financing activities (1,534) 8,768 - Net cash provided by (used in) financing activities (2,437) 36,262 48 Cash and cash equivalents at beginning of period 37,753 1,491 1,443 1,445 1,445 1,445 1,445 1,445 1,445 1,445 1,445 1,445 1,445 1,445 1,445 1,445 1,445 1,445 1,445 1,445 1,445 1,445 1,445 1,445 1,445 1,445 1,445 1,445 1,445 1,445 1,445 1,445 1,445 1,445 1,445 1,445 1,445 1,445 1, | Net income (loss) | $ | (2,913) | $ | 1,477 | $ | (3,186) | ||
| Amortization of key money and contract costs 1,514 396 7 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 - - - 846 Accounts receivable, net (3,111) (942) (50) Prepaid expenses and other current assets (706) (414) (541) Other long term assets (706) (414) (541) Other long term assets (706) (414) (541) Other long term assets (706) (414) (541) Other long term assets (706) (414) (541) Other long term assets (706) (414) (450) (682) Loyalty program liability (3 (3 (2 (7 | Adjustments to reconcile net loss to cash provided by (used in) operating activities: | ||||||||
| 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 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 79)
What This Means (2025 FDD)
According to Sonesta Simply Suites's 2025 Franchise Disclosure Document, the provided financial statements include a line item for 'Deferred income taxes' rather than 'Peberferd income taxes'. The deferred income taxes were: $1 in 2022, $1 in 2023 (restated), and $0 in 2024.
For a prospective Sonesta Simply Suites franchisee, deferred income taxes can represent the difference between taxable income and accounting income. These figures reflect adjustments made to reconcile net loss to cash provided by (used in) operating activities.
The fluctuation in deferred income taxes from 2022 to 2024 could be influenced by various factors, such as changes in tax laws, adjustments in depreciation methods, or alterations in the company's accounting practices. It's essential to note that these figures are part of broader financial statements and should be analyzed in conjunction with other financial data to gain a comprehensive understanding of the company's financial health and tax obligations.
Prospective franchisees should consult with a financial advisor to fully understand the implications of deferred income taxes and how they might affect their investment in a Sonesta Simply Suites franchise.
Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only.
It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.