What were the dividends paid by Corcoran in 2023?
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 dividends paid in 2023 amounted to $1. This figure is part of a broader financial overview that includes additional paid-in capital, accumulated deficit, and other comprehensive loss, providing context for the overall equity changes within the company. The document also details how these figures relate to the non-controlling interests and total equity.
Specifically, the table outlines changes in equity accounts from January 1, 2022, through December 31, 2023, and further to December 31, 2024. It shows that while there were no dividends in the form of shares or additional paid-in capital, there was a deduction of $1 related to dividends affecting the accumulated deficit. This indicates a minor distribution of profits to shareholders, impacting the overall financial structure of Corcoran.
Prospective franchisees should note that dividend payments can affect the financial stability and retained earnings of the company. While the $1 dividend paid in 2023 is minimal, consistent dividend payments could signal a mature, profitable company, or conversely, might reduce the funds available for reinvestment and growth. It is important to consider these factors when evaluating the long-term financial health of Corcoran.