Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.10.0.1
Segment Information (Tables)
 9 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
Summary of Net Revenues and Adjusted EBITDA by Segment
 
Three Months Ended September 30, 2018
 
2018
 
2017
 
Net Revenues
 
Adjusted EBITDA
 
Net Revenues
 
Adjusted EBITDA
Hotel Franchising
$
348

 
$
178

 
$
258

 
$
132

Hotel Management
252

 
5

 
89

 
1

Total Reportable Segments
600

 
183

 
347

 
133

Corporate and Other
4

 
(17
)
 
—

 
(9
)
Total Company
$
604

 
$
166

 
$
347

 
$
124


 
Nine Months Ended September 30, 2018
 
2018
 
2017
 
Net Revenues
 
Adjusted EBITDA
 
Net Revenues
 
Adjusted EBITDA
Hotel Franchising
$
840

 
$
394

 
$
682

 
$
321

Hotel Management
497

 
29

 
285

 
15

Total Reportable Segments
1,337

 
423

 
967

 
336

Corporate and Other
4

 
(41
)
 
—

 
(29
)
Total Company
$
1,341

 
$
382

 
$
967

 
$
307

Reconciliation of Net Income to Adjusted EBITDA
Reconciliation of Net income to Adjusted EBITDA
 
Three Months Ended September 30, 2018
 
2018
 
2017
Net income
$
58

 
$
58

Provision for income taxes
23

 
42

Depreciation and amortization
30

 
19

Interest expense, net
24

 
2

Stock-based compensation
3

 
2

Separation-related
17

 
—

Transaction-related, net
7

 
1

Foreign currency impact of highly inflationary countries
4

 
—

Adjusted EBITDA
$
166

 
$
124

Reconciliation of Net income to Adjusted EBITDA
 
Nine Months Ended
September 30, 2018
 
2018
 
2017
Net income
$
118

 
$
138

Provision for income taxes
47

 
98

Depreciation and amortization
71

 
56

Interest expense, net
36

 
5

Stock-based compensation
6

 
8

Separation-related
63

 
—

Transaction-related, net
37

 
1

Foreign currency impact of highly inflationary countries
4

 
—

Restructuring
—

 
1

Adjusted EBITDA
$
382

 
$
307