What was the U.S. income before income taxes for Caption By Hyatt in 2023?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
15 | | Deferred income taxes (Note 14) | 171 | 66 | | Self-insurance liabilities (Note 15) | 83 | 73 | | Deferred consideration liability (Note 7) | 38 | — | | Other | 63 | 59 | | Total other long-term liabilities | $ 1,810 | $ 1,351 |
14. TAXES
Our tax provision includes federal, state, local, and foreign income taxes.
| | Year Ended December 31, | | | | | | | | | |---------------------
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 U.S. income before income taxes for the year ended December 31, 2023, was $188 million. This figure represents the income generated within the United States before accounting for income taxes.
Understanding the U.S. income before income taxes is crucial for prospective Caption By Hyatt franchisees as it provides insight into the profitability of the brand's operations within the country. It serves as a baseline for assessing the financial health and performance of the franchise in its primary market. Franchisees can use this information to gauge the potential return on investment and to compare the brand's performance against competitors in the hospitality sector.
It's important to note that this figure is specific to the U.S. operations and does not reflect the global income before income taxes, which includes both U.S. and foreign income. The FDD also provides figures for foreign income before income taxes and the total income before income taxes, allowing for a comprehensive view of the brand's financial performance. Reviewing these figures in conjunction with other financial metrics, such as net income and cash flow, will provide a more complete understanding of Caption By Hyatt's financial standing.