What was the total current state income tax provision for Caption By Hyatt in 2023?
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 En
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 state income tax provision for the year ending December 31, 2023, was $21 million. This figure represents the amount of state income taxes that Caption By Hyatt expects to pay for that year.
For a prospective franchisee, understanding the tax obligations of the franchisor can provide insight into the financial health and tax planning strategies of the company. While this specific figure doesn't directly impact the franchisee's taxes, it's part of a larger picture of the franchisor's financial management. Franchisees will be responsible for their own tax obligations related to their individual franchised business.
It's important to note that this is just one component of Caption By Hyatt's overall tax picture. The FDD also includes figures for federal and foreign income taxes, as well as deferred tax assets and liabilities. Reviewing these figures in totality can provide a more comprehensive understanding of the company's tax strategy.
Prospective franchisees should consult with a financial advisor to understand the tax implications of investing in a Caption By Hyatt franchise, including how the franchisor's tax strategies might indirectly affect the franchise system.