What was The Standardx's net income for the year ended December 31, 2024?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
| Net income | $ 1,296 $ 220 $ 455 | ||
|---|---|---|---|
| Other comprehensive income (loss), net of taxes: | |||
| Foreign currency translation adjustments, net of tax of $6, $(3), 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 |
Source: Item 23 — Receipts (FDD pages 85–132)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, the net income for the year ended December 31, 2024, was $1,296 million. The document also provides figures for other comprehensive income (loss), which includes foreign currency translation adjustments and derivative instrument adjustments. These adjustments are net of taxes and impact the overall comprehensive income.
Specifically, the foreign currency translation adjustments, net of tax of $6 for the year ended December 31, 2024, resulted in a loss of $96 million. Derivative instrument adjustments, net of tax of $(1) for the year ended December 31, 2024, resulted in a loss of $2 million. Pension liabilities adjustments, net of tax of $— for the year ended December 31, 2024, resulted in no loss or gain. The total other comprehensive income (loss) was $(95) million, leading to a comprehensive income of $1,201 million. The comprehensive income attributable to Hyatt Hotels Corporation is reported as $1,202 million after accounting for a comprehensive loss attributable to noncontrolling interests of $(1) million.
For a prospective franchisee, understanding these figures provides insight into The Standardx's overall financial performance and how various financial activities contribute to the company's profitability. It's important to note that these figures are consolidated, reflecting the performance of the entire Hyatt Hotels Corporation, not just The Standardx franchise operations. Franchisees should consider this in the context of other financial disclosures to assess the specific performance and potential of The Standardx franchise system.
Additionally, the FDD mentions other financial activities that occurred during the year ended December 31, 2024, such as the sale of Park Hyatt Zurich, Hyatt Regency San Antonio Riverwalk, and Hyatt Regency Green Bay, which resulted in pre-tax gains and losses. These transactions and other income (loss), net (Note 21) of $49 million also contribute to the overall financial picture of The Standardx.