What was the basic weighted-average shares outstanding for Caption By Hyatt in 2023?
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, the basic weighted-average shares outstanding for the year 2023 was 104,861,037. This figure represents the average number of shares of common stock outstanding during the year, weighted to account for any changes in the number of shares outstanding during that period.
For a prospective Caption By Hyatt franchisee, this information provides insight into the equity structure of the company. It shows the denominator used in calculating earnings per share, which is a key metric for assessing the company's profitability on a per-share basis. Understanding the number of shares outstanding can help potential investors evaluate the value of their investment relative to the company's earnings.
Additionally, the FDD provides figures for basic weighted-average shares outstanding in 2022 and 2024, which were 109,093,790 and 99,791,270 respectively. This allows for a year-over-year comparison, revealing a trend of decreasing shares outstanding. This decrease could be due to share repurchases or other corporate actions that reduce the number of shares available in the market. Monitoring these trends can offer a more comprehensive view of the company's financial management and its impact on shareholder value.
Furthermore, the document also includes data on diluted weighted-average shares outstanding, which accounts for the potential dilution of shares due to stock options, warrants, or convertible securities. In 2023, the diluted weighted-average shares outstanding was 107,726,961. The difference between the basic and diluted figures indicates the potential impact of these dilutive securities on earnings per share, providing a more conservative view of potential earnings for investors.