What was the total equity reported for Caption By Hyatt as of December 31, 2024?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
| ASSETS | ||
|---|---|---|
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $ 1,011 | $ 881 |
| Restricted cash | 1 | 34 |
| Short-term investments | 372 | 15 |
| 1,121 | 883 | |
| Inventories | 8 | 9 |
| Prepaids and other assets | 174 | 195 |
| Prepaid income taxes | 46 | 51 |
| Assets held for sale | — | 62 |
| Total current assets | 2,733 | 2,130 |
| Equity method investments | 189 | 211 |
| Property and equipment, net | 1,689 | 2,340 |
| Financing receivables, net of allowances of $36 and $42 at December 31, 2024 and December 31, 2023, respectively | 368 | 73 |
| Operating lease right-of-use assets | 328 | 369 |
| Goodwill | 2,541 | 3,205 |
| Intangibles, net | 2,167 | 1,670 |
| Deferred tax assets | 466 | 358 |
| Other assets | 2,843 | 2,477 |
| TOTAL ASSETS | $ 13,324 | $ 12,833 |
| LIABILITIES AND EQUITY | ||
| CURRENT LIABILITIES: | ||
| Current maturities of long-term debt | $ 456 | $ 751 |
| Accounts payable | 475 | 493 |
| Accrued expenses and other current liabilities | 565 | 468 |
| Current contract liabilities | 1,553 | 1,598 |
| Accrued compensation and benefits | 192 | 210 |
| Current operating lease liabilities | 33 | 41 |
| Liabilities held for sale | — | 17 |
| Total current liabilities | 3,274 | 3,578 |
| Long-term debt | 3,326 | 2,305 |
| Long-term contract liabilities | 843 | 1,759 |
| Long-term operating lease liabilities | 245 | 273 |
| Other long-term liabilities | 1,810 | 1,351 |
| Total liabilities | 9,498 | 9,266 |
| Commitments and contingencies (Note 15) | ||
| EQUITY: | ||
| — | — | |
| Class A common stock, $0.01 par value per share, 1,000,000,000 shares authorized, 42,613,090 issued and | 1 | 1 |
| outstanding at December 31, 2024, and Class B common stock, $0.01 par value per share, 385,525,991 shares | ||
| authorized, 53,531,579 shares issued and outstanding at December 31, 2024. Class A common stock, $0.01 par value | ||
| per share, 1,000,000,000 shares authorized, 44,275,818 issued and outstanding at December 31, 2023, and Class B | ||
| common stock, $0.01 par value per share, 390,751,535 shares authorized, 58,757,123 shares issued and outstanding | ||
| at December 31, 2023 | ||
| Additional paid-in capital | — | — |
| Retained earnings | 3,815 | 3,738 |
| Accumulated other comprehensive loss | (269) | (175) |
| Total stockholders' equity | 3,547 | 3,564 |
| Noncontrolling interests | 279 | 3 |
| Total equity | 3,826 | 3,567 |
Source: Item 23 — Receipts (FDD pages 85–349)
What This Means (2025 FDD)
According to Caption By Hyatt's 2025 Franchise Disclosure Document, the total equity as of December 31, 2024, was $3,826. This figure is derived from the Hyatt Franchising, L.L.C. Unaudited Balance Sheet. The balance sheet provides a snapshot of the company's assets, liabilities, and equity at the end of the fiscal year. Equity represents the owner's stake in the company, calculated as the difference between total assets and total liabilities. It is a key indicator of the company's financial health and stability.
The balance sheet also breaks down the components of equity, including Class A and Class B common stock, retained earnings, and accumulated other comprehensive loss. Retained earnings, which amounted to $3,815, represent the accumulated profits of the company that have been reinvested rather than distributed as dividends. Accumulated other comprehensive loss, which was reported as $(269), includes items such as foreign currency translation adjustments and derivative instrument adjustments that are not reflected in net income.
For a prospective Caption By Hyatt franchisee, understanding the franchisor's equity is crucial. A strong equity position suggests that the franchisor has the financial resources to support its franchisees and invest in the brand's future growth. However, it is important to consider the overall financial picture, including the level of liabilities and the trends in equity over time. Reviewing the complete balance sheet and comparing it to previous years can provide a more comprehensive understanding of the franchisor's financial stability. Franchisees should consult with a financial advisor to fully assess the implications of these figures.