What was the other comprehensive income for Caption By Hyatt for the year ended December 31, 2024?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME For the Years Ended December 31, 2024, December 31, 2023, and December 31, 2022 (In millions of dollars)
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Net income | $ 1,296 | $ 220 | $ 455 |
| Other comprehensive income (loss), net of taxes: | |||
| Foreign currency translation adjustments, net of tax of $6, $(3), and $— for the years ended | (96) | 46 | 4 |
| December 31, 2024, December 31, 2023, and December 31, 2022, respectively | |||
| Available-for-sale debt securities unrealized fair value adjustments, net of tax of $—, $(4), and | (2) | 15 | (10) |
| $4 for the years ended December 31, 2024, December 31, 2023, and December 31, 2022, | |||
| respectively | |||
| Derivative instrument adjustments, net of tax of $(1) for the years ended December 31, 2024, | 3 | 6 | 5 |
| December 31, 2023, and December 31, 2022 | |||
| Pension liabilities adjustments, net of tax of $—, $—, and $(1) for the years ended December | — | — | 4 |
| 31, 2024, December 31, 2023, and December 31, 2022, respectively | |||
| Other comprehensive income (loss) | (95) | 67 | 3 |
| Comprehensive income | 1,201 |
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 other comprehensive income (loss) for the year ended December 31, 2024, was ($95) million. This figure is derived from several components, including foreign currency translation adjustments, available-for-sale debt securities unrealized fair value adjustments, and derivative instrument adjustments.
The foreign currency translation adjustments, net of tax of $6 million, resulted in a loss of ($96) million. Available-for-sale debt securities unrealized fair value adjustments, net of tax of $0, contributed a loss of ($2) million. Derivative instrument adjustments, net of tax of $(1) million, added income of $3 million. There were no pension liabilities adjustments for the year ended December 31, 2024.
For a prospective Caption By Hyatt franchisee, understanding these figures is crucial as they reflect the broader financial health and stability of the parent company. Other comprehensive income includes items that are not part of the net income but are still important for assessing the company's overall financial performance. Fluctuations in these figures can indicate the impact of external factors such as currency exchange rates and changes in the value of financial instruments on the company's financial position.
It is important to note that these figures are presented in millions of dollars. Reviewing these details in the context of the full financial statements can provide a more complete picture of Caption By Hyatt's financial performance and potential risks or opportunities for franchisees.