What were the intersegment revenues 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)
Based on the 2025 Franchise Disclosure Document, information regarding Caption By Hyatt's specific intersegment revenues for the year ended December 31, 2022, is not explicitly provided. However, the consolidated statements of income do include figures for "Revenues for reimbursed costs" and "Reimbursed costs" which may involve intersegment transactions. For the year ended December 31, 2022, the revenues for reimbursed costs were $2,620 million, while the reimbursed costs were $2,632 million.
These figures reflect the costs Hyatt incurs on behalf of managed and franchised properties, which are then reimbursed by third-party owners and franchisees. These reimbursed costs are recognized as revenues. The difference between revenues for reimbursed costs and reimbursed costs could be due to timing differences or other accounting adjustments.
To gain a clear understanding of intersegment revenues for Caption By Hyatt, a prospective franchisee should directly ask the franchisor for a detailed breakdown. This inquiry should clarify how intersegment revenues are defined within Hyatt's accounting practices and how they specifically relate to the Caption By Hyatt brand. Understanding these figures is crucial for assessing the financial interactions between different segments within the Hyatt organization and their potential impact on the franchise's financial performance.