What was the amount of 'Reimbursed costs' for The Standardx for the year ended December 31, 2022?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
olidation.
The following table provides a reconciliation of segment Adjusted EBITDA to income before income taxes:
| Year Ended December 31, | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | |||||||
| Segment Adjusted EBITDA | $ | 1,255 | $ | 1,231 $ | 1,105 | ||||
| Unallocated overhead expenses | (160) | (177) | (170) | ||||||
| Eliminations | 1 | 1 | 1 | ||||||
| Contra revenue | (69) | (47) | (31) | ||||||
| Revenues for reimbursed costs | 3,352 | 3,058 | 2,620 | ||||||
| Stock-based compensation expense (Note 17) (1) | (62) | (75) | (60) | ||||||
| Transaction and integration costs | (42) | (42) | (35) | ||||||
| Depreciation and amortization | (333) | (397) | (426) | ||||||
| Reimbursed costs | (3,457) | (3,144) | (2,632) | ||||||
| Equity earnings (losses) from unconsolidated hospitality ventures | 31 | (1) | 5 | ||||||
| Interest expense | (180) | (145) | (150) | ||||||
| Gains (losses) on sales of real estate and other | 1,245 | 18 | 263 | ||||||
| Asset impairments | (213) | (30) | (38) | ||||||
| Other income (loss), net | 257 | 124 | (34) | ||||||
| Pro rata share of unconsolidated owned and leased hospitality | (62) | (64) | (55) | ||||||
Source: Item 10 — OTHER ASSETS (FDD pages 132–156)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, the reimbursed costs for the year ended December 31, 2022, were $2,632 million. This figure reflects the expenses that The Standardx recouped from third-party owners and franchisees for system-wide services and the administration of the loyalty program. These reimbursed costs are recognized on The Standardx's consolidated statements of income.
For a prospective franchisee, understanding reimbursed costs is crucial as it directly impacts the financial relationship between the franchisee and The Standardx. These costs represent the franchisee's contribution to the overall system-wide services and loyalty programs managed by The Standardx. The amount can vary year to year, as seen by the changes in 2023 and 2024, so it's important to understand the factors that influence these costs.
It is important for potential franchisees to review the consolidated statements of income within the FDD to understand the nature and scope of these reimbursed costs. Additionally, franchisees should inquire about the specific services covered under these reimbursements and how they benefit from these system-wide initiatives. Understanding the details behind these costs will help franchisees assess the value they receive in return for their financial contributions.