What was the amount of contributions from Anywhere for Corcoran in 2022?
Corcoran Franchise · 2025 FDDAnswer from 2025 FDD Document
| Common Stock | Additional | Other Non- |
|---|---|---|
| Paid-In | Accumulated Comprehensive controlling Total | |
| Shares | Amount Capital | Deficit Loss Interests Equity |
| Balance at January 1, 2022 . . . . . . . . . . — | $ — $ 4,948 | $ (2,712) $ (50) $ 6 $ 2,192 |
| Cumulative effect adjustment due to the | ||
| adoption of ASU 2020-06 . . . . . . . . . — | — (53) | 5 — — (48) |
| Net (loss) income . . . . . . . . . . . . . . . . . . — | — — | (287) — 4 (283) |
| Other comprehensive income . . . . . . . . — | — — | — 2 — 2 |
| Repurchase of common stock . . . . . . . . — | — (97) | — — — (97) |
| Contributions from Anywhere . . . . . . . . — | — 2 | — — — 2 |
Source: Item 23 — RECEIPTS (FDD pages 75–276)
What This Means (2025 FDD)
According to Corcoran's 2025 Franchise Disclosure Document, the contributions from Anywhere totaled $2 in 2022. This figure is part of the broader financial activities that affect the company's equity. The contributions from Anywhere are listed alongside other financial activities such as net losses, other comprehensive income, stock-based compensation, and dividends.
For a prospective franchisee, this indicates the financial backing Corcoran receives from its parent company, Anywhere. While the $2 contribution specifically for 2022 may seem small, it is part of a larger picture of financial support and management. It is important to note that this contribution is just one element in the overall financial health of Corcoran.
Understanding the sources of financial support and how they are managed can give a franchisee a clearer picture of the financial stability of Corcoran. Reviewing the complete financial statements, including the Consolidated Statements of Operations, Balance Sheets, and Cash Flows, will provide a more comprehensive understanding. These statements are listed in Exhibit F of the FDD.