What was the total equity for Corcoran as of December 31, 2023?
Corcoran Franchise · 2025 FDDAnswer from 2025 FDD Document
; and (y) to the extent the laws of the State of California govern the relationship of the parties hereto, Franchisee and its owners, partners, members and/or Shareholders are fully familiar with the provisions of Section 1542 of the Civil Code of the State of California and each expressly waives any and all rights under Section 1542 of the Civil Code of the State of California which provides as follows:
"A General Release does not extend to claims which the creditor or releasing party does not know or suspect to exist in his or her favor at the time of executing the release and that, if known by him or her, would have materially affected his or her settlement with the debtor or released party."
THE PERSON SIGNING THIS ADDENDUM ON BEHALF OF THE FRANCHISEE REPRESENTS AND WARRANTS THAT HE OR SHE IS A DULY APPOINTED OFFICER OR OTHERWISE HAS BEEN AUTHORIZED TO BIND THE FRANCHISEE TO THE TERMS OF THIS ADDENDUM.
| outstanding at December 31, 2024 and December 31, 2023 . . . . . . . . . . . . . . . . . . . . . . . . | ||
|---|---|---|
| Anywhere common stock: $0.01 par value; 400,000,000 shares authorized, 111,261,825 | ||
| shares issued and outstanding at December 31, 2024 and 110,488,093 shares issued and | 1 1 | |
| outstanding at December 31, 2023 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | ||
| Additional paid-in capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 4,827 4,813 | |
| Accumulated deficit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
Source: Item 23 — RECEIPTS (FDD pages 75–276)
What This Means (2025 FDD)
According to Corcoran's 2025 Franchise Disclosure Document, the total equity as of December 31, 2023, was $1,681. This figure represents the sum of total stockholders' equity ($1,679) and noncontrolling interests ($2). It reflects the net assets attributable to Corcoran's owners after deducting liabilities.
Understanding the total equity is crucial for prospective franchisees as it provides insight into the financial stability and overall net worth of the company. A higher equity amount generally indicates a stronger financial position, suggesting that Corcoran has more assets than liabilities. This can be a positive indicator for franchisees, as it implies that the company is better equipped to support its franchisees and invest in the brand.
However, it is important to consider this figure in conjunction with other financial metrics and qualitative factors. For instance, examining the trend in total equity over several years can reveal whether the company's financial position is improving or deteriorating. Additionally, comparing Corcoran's equity to that of its competitors can provide a relative measure of its financial strength within the real estate franchising industry. Prospective franchisees should also evaluate how the equity is distributed between stockholders' equity and noncontrolling interests to understand the ownership structure and potential influence of different stakeholders.
Ultimately, while the total equity figure provides a snapshot of Corcoran's financial health, prospective franchisees should conduct thorough due diligence and consult with financial advisors to gain a comprehensive understanding of the company's financial position and its implications for their investment.