What was the amount of deferred income taxes for Caption By Hyatt in 2023?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
vely, of total liabilities related to the benefits, which included $6 million and $11 million recorded in other long-term liabilities (see Note 13) and $1 million and $4 million recorded in accrued expenses and other current liabilities, respectively, on our consolidated balance sheets.
13. OTHER LONG-TERM LIABILITIES
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| Deferred compensation plans funded by rabbi trusts (Note 4) | $ 548 | $ 489 |
| Income taxes payable | 464 | 407 |
| Guarantee li |
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Caption By Hyatt's 2025 Franchise Disclosure Document, the deferred income taxes for the year 2023 were $66 million. This figure is part of the total other long-term liabilities reported by Caption By Hyatt.
Deferred income taxes represent the difference between the amount of income tax expense reported on Caption By Hyatt's income statement and the amount of income taxes actually paid to tax authorities. These taxes arise from temporary differences between the accounting and tax treatment of certain items, such as depreciation or revenue recognition. A deferred tax liability means that Caption By Hyatt expects to pay more taxes in the future, while a deferred tax asset means they expect to pay less.
For a prospective Caption By Hyatt franchisee, understanding deferred income taxes can provide insight into the company's financial health and future tax obligations. While franchisees are not directly responsible for these corporate-level taxes, they reflect the overall profitability and tax strategies of the parent company, which can indirectly affect the resources and support available to franchisees. It is important to note that this figure is part of the total long-term liabilities, and should be considered in conjunction with other financial data to assess the overall financial stability of Caption By Hyatt.