What was the total deferred income tax provision (benefit) 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 deferred income tax provision (benefit) for the year ended December 31, 2022, was a benefit of $ (92). This figure is part of the consolidated financial statements and reflects the overall tax impact considering various factors.
The provision (benefit) for income taxes is a key element in understanding Caption By Hyatt's financial performance. It represents the net effect of income taxes on the company's earnings, factoring in both current and deferred tax components. A benefit, as seen in 2022, indicates that the company had an overall reduction in its tax expense, which can be due to various tax planning strategies or favorable adjustments.
For a prospective Caption By Hyatt franchisee, understanding these tax figures is crucial for assessing the financial health and stability of the company. While franchisees do not directly share in these specific tax outcomes, the overall financial performance of the franchisor can impact the support, resources, and brand strength available to franchisees. Therefore, reviewing these figures in the context of the broader financial statements is an important part of due diligence.