What was the total stock-based compensation expense recognized by Caption By Hyatt in 2023?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
esidential Management business recognized in other direct costs. Owned and leased includes the change in market performance of the underlying invested assets recognized in net gains (losses) and interest income from marketable securities held to fund rabbi trusts.
The following table provides a reconciliation of segment Adjusted EBITDA to income before income taxes:
| Year Ended December 31, | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | ||||||
| Segment Adjusted EBITDA | $ | 1,255 | $ | 1,231 $ | 1,105 | |||
| Unallocated overhead expenses | (160) | (177) | (170) | |||||
| Eliminations | 1 | 1 | 1 | |||||
| Contra revenue | (69) | (47) | (31) | |||||
| Revenues for reimbursed costs | 3,352 | 3,058 | 2,620 | |||||
| Stock-based compensation expense (Note 17) (1) | (62) | (75) | (60) | |||||
| Transaction and integration costs | (42) | (42) | (35) | |||||
| Depreciation and amortization | (333) | (397) | (426) | |||||
| Reimbursed costs | (3,457) | (3,144) | (2,632) | |||||
| Equity earnings (losses) from unconsolidated hospitality ventures | 31 | (1) | 5 | |||||
| Interest expense | (180) | (145) | (150) | |||||
| Gains (losses) on sales of real |
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 stock-based compensation expense recognized was $75 million in 2023. This figure is part of a larger table that outlines various financial items related to segment adjusted EBITDA.
Stock-based compensation is a non-cash expense that reflects the value of stock options, restricted stock units, or other equity-based awards granted to employees. It is included as part of the calculation of adjusted EBITDA, which Caption By Hyatt defines as net income attributable to Hyatt Hotels Corporation plus net income attributable to noncontrolling interests and our pro rata share of unconsolidated owned and leased hospitality ventures' Adjusted EBITDA, adjusted to exclude several items including stock-based compensation expense.
For a prospective Caption By Hyatt franchisee, understanding stock-based compensation is important because it provides insight into how the company incentivizes its employees and manages its overall expenses. While franchisees are not directly impacted by these expenses, they do contribute to the overall financial health and stability of the franchisor, which can affect the level of support and resources available to franchisees.