How much did Anywhere contribute to Corcoran in 2022?
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, Anywhere contributed to Corcoran in 2022. Specifically, the document states that the 'Contributions from Anywhere' amounted to $2 during the period ending December 31, 2022. This information is part of a broader financial overview that includes various financial activities and balances.
This contribution is listed within a table that details common stock, additional paid-in capital, accumulated deficit, and other financial metrics. The table provides a year-over-year comparison, showing changes in these financial elements. For a prospective franchisee, this indicates the level of financial support or investment that Corcoran received from its parent company, Anywhere, during that specific year.
It's important to note that this contribution is a relatively small figure compared to other financial activities listed, such as the additional paid-in capital of $4,948 at the beginning of 2022. The document also includes details on net losses, other comprehensive income, stock-based compensation, and dividends, providing a comprehensive view of Corcoran's financial performance and activities during the specified period. This level of detail can help potential franchisees understand the financial dynamics and stability of the Corcoran franchise system.