What were the other 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)
According to Caption By Hyatt's 2025 Franchise Disclosure Document, the 'other income (loss), net' for the year ended December 31, 2022, was a loss of $34 million. This figure is part of the consolidated financial statements for Hyatt Hotels Corporation, which includes Caption By Hyatt.
This 'other income (loss), net' can include a variety of items not directly related to the core operations of Caption By Hyatt's franchising activities. These could be gains or losses from investments, currency exchange fluctuations, or other miscellaneous items. For a prospective franchisee, this number provides insight into the broader financial activities of the parent company and how these activities might impact the overall financial health and stability of the organization.
It's important to note that this figure is a net number, meaning it represents the sum of various income and expense items. A significant loss in this category could indicate potential financial risks or challenges within the broader Hyatt Hotels Corporation, which could indirectly affect Caption By Hyatt franchisees. Therefore, reviewing the components of this 'other income (loss), net' in the full financial statements would be beneficial for any potential franchisee.