What was the amount of contributions from non-controlling interests for Corcoran in 2024?
Corcoran Franchise · 2025 FDDAnswer from 2025 FDD Document
er comprehensive loss . . . . . . . | | — | 3 (c) | 3 | | | Income tax expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | | — | (1) | (1) | | | Current period change . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | | — | 4 | 4 | | | Balance at December 31, 2023 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | (9) | (35) | (44) | | | | Other comprehensive (loss) income before reclassifications . . . . . . . . . . . . . | (1) | 3 | 2 | | | | Amounts reclassified from accumulated other comprehensive loss . . . . . . . | | — | 2 (c) | 2 | | | Income tax expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | | — | (2) | (2) | | | Current period change . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | (1) | 3 | 2 | | | | Balance at December 31, 2024 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | | $ (10) | $(32) $ | (42) | |The components of income tax benefit consisted of the following:
| 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 |
| Stock-based compensation . . . . . . . . . . . — | — 6 | — — — 6 |
| Dividends . . . . . . . . . . . . . . . . . . . . . . . . — | — — | — — (8) (8) |
| Contributions from non-controlling | ||
| interests . . . . . . . . . . . . . . . . . . . . . . . — | — — | — — 1 1 |
| Balance at December 31, 2022 . . . . . . . . | ||
| — | $ — $ 4,806 | $ (2,994) $ (48) $ 3 $ 1,767 |
| Net loss . . . . . . . . . . . . . . . . . . . . . . . . . — | — — | (97) — (1) (98) |
| Other comprehensive income . . . . . . . . — | — — | — 4 — 4 |
| Stock-based compensation . . . . . . . . . . . |
Source: Item 23 — RECEIPTS (FDD pages 75–276)
What This Means (2025 FDD)
According to Corcoran's 2025 Franchise Disclosure Document, the contributions from non-controlling interests in 2024 was $1. This can be found in the Common Stock table under Item 23. It is important to note that this table provides a summary of financial activities and balances over several years.
Non-controlling interests typically arise when a company, like Corcoran, owns less than 100% of a subsidiary or another entity. The "contributions from non-controlling interests" line reflects investments made into Corcoran by these outside parties who have a partial ownership stake. These contributions increase the equity held by non-controlling owners in Corcoran's overall financial structure.
For a prospective franchisee, this information provides insight into Corcoran's financial structure and how it manages its relationships with partially owned entities. While a contribution of $1 is very small, it indicates that Corcoran does have some financial interactions with outside entities that hold non-controlling interests. Understanding these relationships can give a franchisee a more complete picture of the financial dynamics within Corcoran's organization.