What was the amount of amortization of share awards for Caption By Hyatt in 2022?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
ember 31, 2024 | | December 31, 2023 | | | Long-lived assets: | | | | | | | United States | | $ 1,316 | $ | 2,001 | | | All foreign | | 701 | | 708 | | | Total | | $ 2,017 | $ | 2,709 | |
20. EARNINGS PER SHARE
The calculation of basic and diluted earnings per Class A and Class B share, including a reconciliation of the numerator and denominator, is as follows:
| Year Ended December 31, | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | ||||||||
| Numerator: | ||||||||||
| Net income | $ 1,296 | $ | 220 | $ | 455 | |||||
| Net income attributable to noncontrolling interests | — | — | — | |||||||
| Net income attributable to Hyatt Hotels Corporation | $ 1,296 | $ | 220 | $ | 455 | |||||
| Denominator: | ||||||||||
| Basic weighted-average shares outstanding (1) | 99,791,270 | 104,861,037 | 109,093,790 | |||||||
| Stock-based compensation | 2,632,830 | 2,865,924 | 2,171,149 | |||||||
| Diluted weighted-average shares outstanding (1) | 102,424,100 | 107,726,961 | 111,264,939 | |||||||
| Basic Earnings Per Class A and Class B Share: | ||||||||||
| Net income | $ 12.99 | $ | 2.10 | $ | 4.17 | |||||
| Net income attributable to noncontrolling interests | — | — | — | |||||||
| Net income attributable to Hyatt Hotels Corporation | $ 1 |
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Caption By Hyatt's 2025 Franchise Disclosure Document, information regarding the amortization of share awards is not explicitly detailed. However, the FDD does provide information on stock-based compensation. Specifically, it includes a table that outlines components used to calculate basic and diluted earnings per share, which incorporates stock-based compensation.
For the year ended December 31, 2022, the stock-based compensation was $2,171,149. This figure is used as a component in the denominator for calculating diluted weighted-average shares outstanding.
While this provides insight into the overall stock-based compensation, it does not break down the specific amortization of share awards. A prospective Caption By Hyatt franchisee may want to ask the franchisor for a detailed breakdown of the amortization of share awards to fully understand the financial implications.