What were the gains or losses on sales of real estate and other for Caption By Hyatt in 2024?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
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CONSOLIDATED STATEMENTS OF CASH FLOWS
For the Years Ended December 31, 2024, December 31, 2023, and December 31, 2022 (In millions of dollars)
| 2024 | 2023 | 2022 | ||
|---|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||||
| Net income | $ 1,296 | $ | 220 | $ 455 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| (Gains) losses on sales of real estate and other | (1,245) | (18) | (263) | |
| Depreciation and amortization | 333 | 397 | 426 | |
| Amortization of share awards | 64 | 75 | 61 | |
| Amortization of operating lease right-of-use assets | 36 | 42 | 35 | |
| Deferred income taxes | (123) | (125) | (259) | |
| Asset impairments | 213 | 30 | 38 | |
| Equity (earnings) losses from unconsolidated hospitality ventures | (31) | 1 | (5) | |
| Contra revenue | 69 | 47 | 31 | |
| Unrealized (gains) losses, net | (53) | (36) | 55 | |
| Contingent consideration liability fair value adjustment | (39) | 9 | — | |
| Payments for key money assets | (153) | (132) | (165) | |
| Other | 78 | 87 | 98 | |
| Increase (decrease) in cash attributable to changes in assets and liabilities | ||||
| Receivables, net | (15) | — | (209) | |
| Prepaid income taxes | 65 | (24) | 2 | |
| Prepaids and other assets | (116) | (66) | (114) | |
| Other long-term assets | (6) | (92) | (110) | |
| Accounts payable, accrued expenses, and other current liabilities | 56 | (29) | 96 | |
| Contract liabilities | 48 | 290 | 378 | |
| Deferred revenue related to the loyalty program | 203 | 202 | 113 | |
| Operating lease liabilities | (35) | (4 |
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 gains (losses) on sales of real estate and other in 2024 were a loss of $1,245 million. This figure is part of the adjustments made to reconcile net income to net cash provided by operating activities. It reflects the net effect of real estate transactions on the company's cash flow from operations.
This number indicates that Caption By Hyatt had significant gains from sales of real estate and other assets that negatively adjusted the net income when reconciling to net cash provided by operating activities. This adjustment is necessary because the gains are accounting entries and do not represent actual cash inflows from operating activities. Instead, they are related to investment or financing activities.
For a prospective Caption By Hyatt franchisee, this information provides insight into how Caption By Hyatt manages its assets and how these transactions impact the company's overall financial statements. While these gains or losses do not directly affect the operations of a franchised location, they are important for understanding the financial health and strategic decisions of the parent company. Franchisees should consider these figures as part of a broader assessment of Caption By Hyatt's financial stability and long-term strategy.