What was the net-of-tax amount for other comprehensive (loss) income for Even Hotels in fiscal year 2022?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
| Item | 2020 List Price | Deviation from List Price (amount deducted from retail price) | |---|---|---| | 4/90 oz. Minute Maid® Orange Juice 5+1 | $129.77 | $29.68 | | 4/90 oz. Minute Maid® Apple Juice 6+1 | $125.11 | $22.11 | | 4/90 oz. Minute Maid® Orange Guava Passionfruit | $94.72 | $13.25 | | 5+1 | | | | 4/90 oz. Minute Maid® Lemonade 6+1 | $67.38 | $14.95 | As of December 31, 2024, there was 28.5 million of total unrecognized compensation cost related to non-vested share-based compensation arrangements granted under the plans. That cost is expected to be recognized over a weighted-average period of 2 years.
No cash was received from option exercises under any of the share-based payment arrangements for the years ended December 31, 2024, 2023 and 2022. The actual tax benefit realized for the tax deductions from option exercise of the share-based payment arrangements totaled $10.9 million, $8.0 million and $6.9 million for the years ended December 31, 2024, 2023 and 2022, respectively.
Notes to Consolidated Financial Statements (co
Source: Item 23 — RECEIPTS (FDD pages 99–438)
What This Means (2025 FDD)
According to Even Hotels' 2025 Franchise Disclosure Document, the net-of-tax amount for other comprehensive income (loss) for the fiscal year 2022 was $11,363. This figure is part of a larger table presenting financial data across three fiscal years: 2024, 2023, and 2022. The table breaks down various components of comprehensive income, including foreign currency translation adjustments and pension liability adjustments, to arrive at the total other comprehensive income (loss) net of tax.
For a prospective Even Hotels franchisee, understanding these figures provides insight into the brand's overall financial performance and how different factors impact its comprehensive income. Other comprehensive income includes items that are not typically reflected in net income but are still important for assessing the company's financial health. These adjustments can reflect changes in currency values or pension obligations, offering a more complete picture of the company's financial position.
The FDD also includes a note regarding a misclassification identified in the prior year financial statements related to unrealized gains and losses on securities held by the Rabbi Trust. As a result, the comparative periods for December 31, 2022 and 2023, were revised. This revision increased net income by $18.8 million and decreased it by $40.6 million in the years ended December 31, 2023 and 2022, respectively. Conversely, other comprehensive income decreased by $18.8 million and increased by $40.6 million in those respective years, net of related tax of $6.3 million and $(13.6) million, respectively. This indicates that Even Hotels has made efforts to ensure the accuracy and reliability of its financial reporting.
It is important for potential franchisees to review these financial statements and revisions carefully, as they can impact the overall financial performance and stability of the company. Understanding the components of comprehensive income and any adjustments made to prior periods can help franchisees make informed decisions about their investment. Consulting with a financial advisor is recommended to fully understand the implications of these financial figures.