What was the total current income tax provision for Caption By Hyatt in 2022?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
| | 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, | ||||||
|---|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | ||||
| Federal | $ 202 | $ | 106 | $ | 100 | |
| State | 47 | 21 | 10 | |||
| For |
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 income tax provision for the year ended December 31, 2022, was $167 million. This figure represents the sum of federal, state, and foreign current income taxes for that year. Understanding the components of Caption By Hyatt's income tax provision can help prospective franchisees appreciate the tax implications of the overall business and its operations.
The income tax provision is broken down into federal, state, and foreign taxes. For 2022, these components were $100 million for federal, $10 million for state, and $57 million for foreign taxes. These figures are part of the broader financial statements that provide insight into Caption By Hyatt's financial health and tax strategy.
It is important to note that these figures reflect Caption By Hyatt's consolidated financial results, and the tax situation for an individual franchisee may differ significantly. Factors such as the franchisee's business structure, location, and specific financial performance will influence their tax obligations. Therefore, prospective franchisees should consult with a tax professional to understand the tax implications specific to their individual circumstances.