What was the amount of repurchases of common stock for Caption By Hyatt in 2022?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
evant in our sole discretion. The common stock repurchase program applies to our Class A and Class B
common stock. The share repurchase program does not obligate us to repurchase any dollar amount or number of shares, and the program may be suspended or discontinued at any time and does not have an expiration date.
| Year Ended December 31, | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | ||||||
| Total number of shares repurchased (1) | 7,992,256 | 4,123,828 | 4,233,894 | |||||
| Weighted-average price per share | $ | 148.90 | $ | 109.86 | $ | 87.07 | ||
| Aggregate purchase price (2) | $ | 1,190 | $ | 453 | $ | 369 | ||
| Shares repurchased as a percentage of total common stock | 8 % | 4 % | 4 % | |||||
| outstanding (3) |
- (1) The year ended December 31, 2023 includes repurchases of 106,116 shares that were initiated prior to December 31, 2022, but settled in the first quarter of 2023. At December 31, 2022, a $9 million share repurchase liability was recorded in accrued expenses and other current liabilities on our consolidated balance sheet.
- (2) Excludes related insignificant expenses.
- (3) Calculated based on the total common stock outstanding as of December 31 of the prior year.
The shares of Class A common stock repurchased in the open market were retired and returned to the status of authorized and unissued shares, while the shares of Class B common stock repurchases were retired and the total number of authorized Class B shares was thereby reduced by the number of shares returned (see Note 18). At December 31, 2024, we had $971 million remaining under the total share repurchase authorization.
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 total amount of repurchases of common stock in 2022 was $369 million. Additionally, there was a liability for repurchases of common stock amounting to $9 million. The total number of shares repurchased in 2022 was 4,233,894 at a weighted-average price of $87.07 per share. These repurchases represented 4% of the total common stock outstanding.
These figures reflect Caption By Hyatt's activity in managing its equity structure. Share repurchases can impact earnings per share and return on equity, which are key metrics for investors. The liability for repurchases indicates obligations that were initiated but not yet settled by the end of the year.
For a prospective franchisee, these details might not directly influence day-to-day operations. However, they provide insight into the financial management and capital allocation strategies of Caption By Hyatt's parent company, Hyatt Hotels Corporation. Understanding these strategies can help franchisees assess the overall financial health and stability of the organization.
It is important to note that these figures are part of a larger financial statement and should be considered in the context of Caption By Hyatt's overall performance and market conditions. Reviewing these figures alongside other financial data can provide a more comprehensive understanding of the company's financial position.