What was the total equity for Corcoran as of December 31, 2024?
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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | (3,219) |
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, 2024, was $1,570. This figure represents the sum of total stockholders' equity ($1,567) and noncontrolling interests ($3). In comparison, the total equity on December 31, 2023, was $1,681, indicating a decrease in total equity year-over-year. This information is crucial for prospective franchisees as it provides a snapshot of the financial health and stability of Corcoran.
The components of the stockholders' equity include several factors. Anywhere common stock is valued at $0.01 par value, with 111,261,825 shares issued and outstanding as of December 31, 2024. Additional paid-in capital amounted to $4,827, while the accumulated deficit was $(3,219), and the accumulated other comprehensive loss was $(42). These figures collectively contribute to the total stockholders' equity. Understanding these components can help a franchisee assess the overall financial structure and performance of Corcoran.
The decrease in total equity from 2023 to 2024 could be due to various factors, such as net losses, dividends, or other comprehensive losses. For instance, the accumulated deficit increased from $(3,091) in 2023 to $(3,219) in 2024, which could be a contributing factor. Prospective franchisees should investigate the reasons behind these changes to gain a clearer understanding of the financial trends within Corcoran. This due diligence can inform their decision-making process and help them evaluate the potential risks and rewards associated with investing in a Corcoran franchise.