What was the total amount of contract liabilities for Caption By Hyatt in the later period presented?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
| Accounts payable | $ 1 |
|---|---|
| Accrued expenses and other current liabilities | 5 |
| Current contract liabilities | 19 |
| Long-term contract liabilities | 3 |
| Other long-term liabilities | 7 |
| Total liabilities assumed | $ 35 |
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, one of the provided financial statements includes both current and long-term contract liabilities. The current contract liabilities are listed as $19 million, while the long-term contract liabilities are $3 million. Therefore, the total amount of contract liabilities for Caption By Hyatt in the later period presented in this financial statement is $22 million, representing the sum of current and long-term contract liabilities.
It is important to note that this figure represents contract liabilities assumed in a specific financial statement provided within Item 21. Other financial statements within the same Item may present different figures depending on the specific context, such as acquisitions or consolidated balance sheets. Therefore, this $22 million figure should be considered within the limited scope of the specific financial statement where it is presented.
A prospective Caption By Hyatt franchisee should review all financial statements and accompanying notes in Item 21 of the FDD to understand the full scope of Caption By Hyatt's liabilities and how they might impact the franchisee's investment and financial obligations. Understanding the nature and terms of these liabilities is crucial for making informed decisions about investing in a Caption By Hyatt franchise.