What was the total capital for Engel & Volkers as of December 31, 2022?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
(4,048,100) | 1,761,556 | 3,560,109 | | Other comprehensive income (loss): | (141,272) | 30,285 | (54,080) | | Foreign currency translation adjustment | | | | | COMPREHENSIVE INCOME (LOSS) | $ (4,189,372) | $ 1,791,841 | $ 3,506,029 |
ENGEL & VÖLKERS AMERICAS, INC. AND SUBSIDIARY CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY FOR THE YEARS ENDED DECEMBER 31, 2024, 2023 AND 2022
| Shares | Amount | Capital | Deficit | Loss | Total | |
|---|---|---|---|---|---|---|
| Balance - January 1, 2022 | 17,143 | $ 171,430 | $ 34,285,342 | $ (18,911,739) | $ (8,582) | $15,536,451 |
| Net income | - | - | - | 3,560,109 | - | 3,560,109 |
| Other comprehensive loss: | - | - | - | - | (54,080) | (54,080) |
| Foreign currency translation | ||||||
| adjustment | ||||||
| Balance - December 31, 2022 | 17,143 | 171,430 | 34,285,342 | (15,351,630) | (62,662) | 19,042,480 |
| Net income | - | - | - | 1,761,556 | - | 1,761,556 |
| Other comprehensive income: | - | - | - | - | 30,285 | 30,285 |
| Foreign currency translation | ||||||
| adjustment | ||||||
| Balance - December 31, 2023 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 88)
What This Means (2025 FDD)
According to Engel & Volkers' 2025 Franchise Disclosure Document, the total capital as of December 31, 2022, was $34,285,342. This information is derived from the consolidated statements of changes in shareholders' equity. The document provides a breakdown of equity, deficit, and loss, offering a comprehensive view of the company's financial standing.
For a prospective Engel & Volkers franchisee, understanding the franchisor's capital is crucial. It reflects the financial stability and resources of the company. A strong capital base suggests that Engel & Volkers is well-positioned to support its franchisees and invest in the brand's future growth.
However, it's important to consider this figure in conjunction with other financial metrics provided in the FDD, such as net income, comprehensive loss, and total liabilities. A thorough analysis of the complete financial statements will provide a more accurate assessment of Engel & Volkers' overall financial health. Prospective franchisees should consult with a financial advisor to fully understand the implications of these figures.