What was the depreciation expense for Caption By Hyatt for the year ended December 31, 2022?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
esidential Management business recognized in other direct costs. Owned and leased includes the change in market performance of the underlying invested assets recognized in net gains (losses) and interest income from marketable securities held to fund rabbi trusts.
The following table provides a reconciliation of segment Adjusted EBITDA to income before income taxes:
| Year Ended December 31, | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | ||||||
| Segment Adjusted EBITDA | $ | 1,255 | $ | 1,231 $ | 1,105 | |||
| Unallocated overhead expenses | (160) | (177) | (170) | |||||
| Eliminations | 1 | 1 | 1 | |||||
| Contra revenue | (69) | (47) | (31) | |||||
| Revenues for reimbursed costs | 3,352 | 3,058 | 2,620 | |||||
| Stock-based compensation expense (Note 17) (1) | (62) | (75) | (60) | |||||
| Transaction and integration costs | (42) | (42) | (35) | |||||
| Depreciation and amortization | (333) | (397) | (426) | |||||
| Reimbursed costs | (3,457) | (3,144) | (2,632) | |||||
| Equity earnings (losses) from unconsolidated hospitality ventures | 31 | (1) | 5 | |||||
| Interest expense | (180) | (145) | (150) | |||||
| Gains (losses) on sales of real |
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 depreciation and amortization expense for the year ended December 31, 2022, was $426. This figure reflects the expense recognized by Caption By Hyatt for the wear and tear of its assets over that year. Depreciation and amortization are accounting methods used to allocate the cost of tangible and intangible assets over their useful lives.
For a prospective Caption By Hyatt franchisee, understanding depreciation and amortization is crucial for assessing the financial health and stability of the franchisor. While this specific figure pertains to the franchisor's overall financial statements, it provides insight into how Caption By Hyatt manages its assets and accounts for their declining value. This can be an indicator of the company's investment in maintaining its infrastructure and brand.
It is important to note that this figure includes both depreciation and amortization, which are related but distinct concepts. Depreciation applies to tangible assets like buildings and equipment, while amortization applies to intangible assets like patents and trademarks. The combined figure provides a comprehensive view of how Caption By Hyatt accounts for the reduction in value of its assets. Franchisees should consider this information in conjunction with other financial data to gain a holistic understanding of the franchisor's financial practices.