What was the total current income tax provision for Caption By Hyatt in 2024?
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 ending December 31, 2024, was $390 million. This figure represents the sum of federal, state, and foreign current income taxes, which were $202 million, $47 million, and $141 million, respectively.
Understanding the income tax provision is crucial for prospective franchisees as it reflects Caption By Hyatt's tax obligations and can influence its overall financial health. A significant tax provision can impact the company's profitability and potentially affect its ability to support franchisees through services and resources.
It is important to note that this is just one component of Caption By Hyatt's overall financial picture. Franchisees should review the complete financial statements and consult with a financial advisor to fully understand the implications of the tax provision and other financial metrics. Additionally, it's worth comparing these figures with previous years (2022 and 2023 are provided in the table) to identify any trends or significant changes in Caption By Hyatt's tax liabilities.