What was the other comprehensive income for Corcoran in 2023?
Corcoran Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 |
Source: Item 23 — RECEIPTS (FDD pages 75–276)
What This Means (2025 FDD)
According to Corcoran's 2025 Franchise Disclosure Document, the other comprehensive income for the company at December 31, 2023, was $4. This figure represents an increase from the $2 reported at the end of 2022. It's important to note that this value contributes to the overall equity, which totaled $1,681 at the end of 2023.
Other comprehensive income includes items such as currency translation adjustments and minimum pension liability adjustments. These adjustments reflect changes in the value of assets and liabilities due to fluctuations in exchange rates and pension obligations. Understanding these components can provide a more complete picture of Corcoran's financial health beyond just net income.
For a prospective franchisee, this information is useful for assessing the financial stability and overall performance of Corcoran. While other comprehensive income may not directly impact day-to-day operations, it reflects the company's ability to manage its assets and liabilities effectively. A positive and growing other comprehensive income can be seen as a sign of financial strength, while a negative or declining value may warrant further investigation.