What was the amount of other comprehensive income or loss for The Standardx in 2024?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
, and $— for the years ended | (96) 46 4 | | | | December 31, 2024, December 31, 2023, and December 31, 2022, respectively | | | | | | (2) | 15 | (10) | | Derivative instrument adjustments, net of tax of $(1) for the years ended December 31, 2024, | 3 6 5 | | | | December 31, 2023, and December 31, 2022 | | | | | Pension liabilities adjustments, net of tax of $—, $—, and $(1) for the years ended December | — | — | 4 | | 31, 2024, December 31, 2023, and December 31, 2022, respectively | | | | | Other comprehensive income (loss) | (95) | 67 | 3 | | Comprehensive income | 1,201 | 287 | 458 | | Comprehensive loss attributable to noncontrolling interests | (1) | — | — | | Comprehensive income attributable to Hyatt Hotels Corporation | $ 1,202 | $ 287 | $ 458 |
CONSOLIDATED BALANCE SHEETS
As of December 31, 2024 and December 31, 2023 (In millions of dollars, except share and per share amounts)
| ASSETS | ||
|---|---|---|
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $ 1,011 | $ 881 |
| Restric |
Source: Item 23 — Receipts (FDD pages 85–132)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, the company experienced an other comprehensive loss of $95 in 2024. This figure is derived from several components, including a foreign currency translation adjustment loss of $96, and a derivative instrument adjustment loss of $2. These losses were partially offset by a pension liabilities adjustment gain of $3.
For a prospective franchisee, understanding these figures is crucial as they reflect the overall financial health and stability of The Standardx. Other comprehensive income (loss) includes items that are not part of the net income but are still important for assessing the company's financial position. These adjustments can arise from various sources, such as changes in foreign exchange rates, derivative valuations, and pension liabilities.
The fact that The Standardx experienced a net other comprehensive loss in 2024 suggests potential challenges or volatility in these areas. While the net income for the same period was positive ($1,296), the comprehensive income, which includes the other comprehensive loss, was lower at $1,201. This indicates that while the core operations of The Standardx were profitable, other factors negatively impacted the overall financial picture.
It is important for potential franchisees to investigate the reasons behind these losses and how The Standardx plans to address them in the future. Understanding the company's strategies for managing foreign currency risk, derivative instruments, and pension liabilities can provide valuable insights into its financial management practices and risk mitigation efforts. This information can help franchisees assess the potential risks and rewards associated with investing in The Standardx franchise.