What was the total amount of dividends paid by Corcoran in 2022?
Corcoran Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 |
Source: Item 23 — RECEIPTS (FDD pages 75–276)
What This Means (2025 FDD)
According to Corcoran's 2025 Franchise Disclosure Document, the total amount of dividends paid in 2022 was $8 thousand. This information is part of a larger table detailing the changes in equity accounts over time. The table provides a summary of changes in equity, including common stock, paid-in capital, accumulated deficit, and other comprehensive loss.
For a prospective franchisee, this figure provides insight into how Corcoran manages its finances and distributes profits. Dividends are a distribution of a company's earnings to its shareholders, and while a relatively small dividend payout might not be a major concern, it is worth noting that the company also recorded net losses in 2022.
It's important to consider this dividend payment in the context of Corcoran's overall financial performance. Reviewing trends in dividend payments, net income, and retained earnings over several years can offer a more complete picture of the company's financial health and stability. A potential franchisee should investigate the reasons behind the dividend payout and its consistency with Corcoran's long-term financial strategy.