What was the other comprehensive income for Corcoran in 2022?
Corcoran Franchise · 2025 FDDAnswer from 2025 FDD Document
| | Paid-In | Other Non- | | Shares | Amount Capital | Accumulated Comprehensive controlling Total | | 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 . . . . . . . . . . . — | — 8 | — — — 8 | | Dividends . . . . . . . . . . . . . . . . . . . . . . . — | — — | — — (1) (1) | | Contributions from non-controlling | | interests . . . . . . . . . . . . . . . . . . . . . . . — | — — | — — 1 1 | | Balance at December 31, 2023 . . . . . . . . — | $ — $ 4,814 | $ (3,091) $ (44) $ 2 $ 1,681 | | Net (loss) income . . . . . . . . . . . . . . . . . . — | — — | (128) — 1 (127) | | Other comprehensive income . . . . . . . . | | — | — — | — 2 — 2 | | Stock-based compensation . . . . . . . . . . . — | — 14 | — — — 14 | | Dividends . . . . . . . . . . . . . . . . . . . . . . . — | — — | — — (1) (1) | | Contributions from non-controlling | | interests . . . . . . . . . . . . . . . . . . . . . . . — | — — | — — 1 1 | | Balance at December 31, 2024 . . . . . . . . — | $ — $ 4,828 | $ (3,219) $ (42) $ 3 $ 1,570 |
| Currency Translation Adjustments (a) | Minimum Pension Liability Adjustment | Accumulated Other Comprehensive Loss (b) | |
|---|---|---|---|
| Balance at January 1, 2022 | $ (9) | $ (41) | $ (50) |
| Other comprehensive income before reclassifications | — | 1 | 1 |
| Amounts reclassified from accumulated other comprehensive loss | — | 2 (c) 2 | |
| Income tax expense | — | (1) | (1) |
| Current period change | — | 2 | 2 |
| Balance at December 31, 2022 | (9) | (39) | (48) |
Source: Item 23 — RECEIPTS (FDD pages 75–276)
What This Means (2025 FDD)
According to Corcoran's 2025 Franchise Disclosure Document, there are two tables that discuss other comprehensive income. One table shows that the other comprehensive income was $2 in 2022. The other table provides a breakdown of other comprehensive loss. It states that the other comprehensive income before reclassifications was $1, amounts reclassified from accumulated other comprehensive loss was $2, and income tax expense was $(1). The current period change was $2, resulting in a balance at December 31, 2022 of $(48).
For a prospective franchisee, understanding other comprehensive income is crucial as it reflects changes in equity that are not derived from regular business operations. These can include items like currency translation adjustments and pension liability adjustments, which can impact the overall financial health of Corcoran.
It is important to note that these figures are components of Anywhere Group's financial statements, the parent company of Corcoran. A franchisee should consult with a financial advisor to fully understand the implications of these figures and how they relate to the specific Corcoran franchise opportunity.