What was the other, net amount for Corcoran in the middle year presented?
Corcoran Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 23: RECEIPTS]
| States | Countries | Total | ||
|---|---|---|---|---|
| On or for the year ended December 31, 2023 | ||||
| Net revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | $ 5,562 | $74 $ 5,636 | ||
| Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 5,784 | 55 5,839 | ||
| Net property and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 279 | 1 280 |
[Item 23: RECEIPTS]
| Franchise | Brokerage Title | Total | ||
|---|---|---|---|---|
| Group | Group Group | |||
| Goodwill (gross) at December 31, 2022. . . . . . . . . . . . . . . . . . . . . . . . . | $ 3,953 $ | 1,088 $ | 455 $ 5,496 | |
| Goodwill acquired (a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | — | 1 | — 1 | |
| Goodwill reduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | — | — | — — | |
| Goodwill (gross) at December 31, 2023. . . . . . . . . . . . . . . . . . . . . . . . . | 3,953 | 1,089 | 455 5,497 | |
| Accumulated impairment losses at December 31, 2022. . . . . . . . . . . . . | (1,561) | (1,088) | (324) (2,973) | |
| Goodwill impairment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | (25) | — | — (25) | |
| Accumulated impairment losses at December 31, 2023. . . . . . . . . . . . . | (1,586) | (1,088) | (324) (2,998) | |
| Goodwill (net) at December 31, 2023. . . . . . . . . . . . . . . . . . . . | $ 2,367 $ | 1 $ | 131 $ 2,499 |
| Year Ended December 31, | ||||
|---|---|---|---|---|
| 2024 | 2023 | 2022 | ||
| Other, net | (20) | (16) | (27) | |
| Net cash provided by (used in) operating activities | 104 | 187 | (92) |
Source: Item 23 — RECEIPTS (FDD pages 75–276)
What This Means (2025 FDD)
According to Corcoran's 2025 Franchise Disclosure Document, for the year ended December 31, 2023, there are several 'net' amounts listed. One is 'Net revenues' which totaled $5,636. The other net amounts include 'Net property and equipment' which totaled $280, 'Goodwill (net) at December 31, 2023' which totaled $2,499, and 'Other, net' which totaled $(16). Also, 'Net cash provided by (used in) operating activities' totaled $187.
These figures reflect Corcoran's financial performance and position for that specific year. 'Net revenues' indicates the income Corcoran generated from its operations after deducting expenses. 'Net property and equipment' represents the value of Corcoran's fixed assets, such as buildings and equipment, after accounting for depreciation. 'Goodwill (net)' reflects the intangible assets acquired in business combinations, less any impairment losses. 'Other, net' represents other adjustments to net loss.
For a prospective franchisee, these numbers offer insights into Corcoran's overall financial health and how different aspects of the business contribute to its financial results. Reviewing these figures over multiple years, as presented in the FDD, can help a franchisee identify trends and assess the stability and growth potential of the franchise. Understanding the composition of these net amounts can also inform a franchisee's expectations regarding potential expenses, asset values, and cash flow.