What was the total equity for Corcoran at December 31, 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 equity at December 31, 2022, was $1,767. This figure represents the sum of several components, including additional paid-in capital, accumulated deficit, accumulated other comprehensive loss, and non-controlling interests. Understanding the components of equity can provide a prospective franchisee with insights into the financial health and stability of Corcoran.
The balance sheet provides a snapshot of Corcoran's assets, liabilities, and equity at a specific point in time. Equity, in particular, reflects the ownership stake in the company. A higher equity balance generally indicates a stronger financial position, as it suggests that the company has more assets than liabilities. This can be reassuring for potential franchisees who are considering investing in the Corcoran brand.
It's important to note that equity can be influenced by various factors, such as net income, dividends, stock repurchases, and contributions from non-controlling interests. These factors can cause equity to fluctuate over time, so it's essential to review the trend in equity over multiple periods to get a comprehensive understanding of Corcoran's financial performance. Reviewing the consolidated statement of equity for the years ended December 31, 2024, 2023 and 2022, which is listed in the exhibits, would provide additional context.