What was the reported amount of retained earnings for The Standardx as of March 31, 2025?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY AND NONCONTROLLING INTERESTS (In millions of dollars, except share and per share amounts) (Unaudited)
Stockholders' equity attributable to Hyatt Hotels Corporation Common Shares Outstanding Common Stock Amount Additional Paid-in Capital Retained Earnings Accumulated Other Comprehensive Loss Noncontrolling Interests Total Class Class Class Class A B A B BALANCE—January 1, 2024 44,275,818 58,757,123 $ 1 $ — $ — $ 3,738 $ (175) $ 3 $ 3,567 Net income — — — — — 522 — — 522 Other comprehensive loss — — — — — — (22) — (22) Repurchases of common stock (1) (528,427) (1,987,229) — — (2) (387) — — (389) Employee stock plan issuance 13,475 — — — 2 — — — 2 Share-based payment activity 635,482 — — — — (5) — — (5) Cash dividends declared of $0.15 per share (Note 13) — — — — — (15) — — (15) Class share conversions 766,296 (766,296) — — — — — — — BALANCE—March 31, 2024 45,162,644 56,003,598 $ 1 $ — $ — $ 3,853 $ (197) $ 3 $ 3,660 BALANCE—January 1, 2025 42,613,090 53,531,579 $ 1 $ — $ — $ 3,815 $ (269) $ 279 $ 3,826 Net income — — — — — 20 — 4 24 Other comprehensive income — — — — — — 45 13 58 Measurement period adjustment for noncontrolling interest (Note 6) — — — — — — — 5 5 Repurchases of common stock (1) (1,078,511) — — — (13) (137) — — (150) Employee stock plan issuance 12,982 — — — 2 — — — 2 Share-based payment activity 351,159 — — — 11 — — — 11 Cash dividends declared of $0.15 per share (Note 13) — — — — — (14) — — (14) Class share conversions 19,001 (19,001) — — — — — — —
Source: Item 1 — Financial Statements. (FDD pages 156–187)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, the consolidated statement of changes in stockholders' equity indicates a retained earnings balance attributable to Hyatt Hotels Corporation of $3,815 million as of January 1, 2025. During the period from January 1, 2025, to March 31, 2025, net income increased the retained earnings by $20 million. Additionally, share-based payment activity increased it by $11 million, while cash dividends declared reduced it by $14 million.
Therefore, the balance of retained earnings as of March 31, 2025, is calculated from the provided data. Starting with $3,815 million on January 1, 2025, adding the net income of $20 million and share-based payment activity of $11 million, and subtracting the cash dividends of $14 million, results in a retained earnings balance of $3,832 million as of March 31, 2025.
It is important to note that these figures are part of the consolidated financial statements of Hyatt Hotels Corporation, the parent company of Standard International, which The Standardx is a part of. These numbers reflect the overall financial health and decisions of the parent company, which can indirectly impact the resources and stability of its franchise systems like The Standardx.