What was the total current federal income tax provision for Caption By Hyatt in 2024?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
| Year Ended December 31, | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | |||||||
| U.S. income before income taxes | $ | 742 | $ | 188 | $ | 349 | |||
| Foreign income before income taxes | 821 | 122 | 14 | ||||||
| Income before income taxes | $ | 1,563 | $ | 310 | $ | 363 |
The provision (benefit) for income taxes was comprised of the following:
| | 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 total current federal income tax provision for the year ending December 31, 2024, was $202 million. This figure represents the current federal income tax obligations of Hyatt for that specific year.
In addition to the federal income tax, Caption By Hyatt also had state and foreign income tax obligations. The state income tax provision for 2024 was $47 million, and the foreign income tax provision was $141 million. The sum of these three components—federal, state, and foreign—results in a total current income tax provision of $390 million for Caption By Hyatt in 2024.
It is important to note that this figure only represents the current portion of the income tax provision. Caption By Hyatt also deals with deferred income taxes, which arise from temporary differences between the accounting and tax treatment of certain items. These deferred taxes are reported separately in the financial statements.