Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.19.1
Segment Information (Tables)
3 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
Summary of Net Revenues and Adjusted EBITDA by Segment
 
Three Months Ended March 31,
 
2019
 
2018
 
Net Revenues
 
Adjusted EBITDA
 
Net Revenues
 
Adjusted EBITDA
Hotel Franchising
$
269

 
$
113

 
$
203

 
$
86

Hotel Management
197

 
16

 
99

 
16

Total Reportable Segments
466

 
129

 
302

 
102

Corporate and Other
2

 
(18
)
 

 
(10
)
Total Company
$
468

 
$
111

 
$
302

 
$
92


Reconciliation of Net Income to Adjusted EBITDA
The table below is a reconciliation of Net income to Adjusted EBITDA.
 
Three Months Ended March 31,
 
2019
 
2018
Net income
$
21

 
$
39

Provision for income taxes
5

 
16

Depreciation and amortization
29

 
19

Interest expense, net
24

 
1

Stock-based compensation
3

 
3

Separation-related expenses
21

 
12

Transaction-related expenses, net
7

 
2

Foreign currency impact of highly inflationary countries
1

 

Adjusted EBITDA
$
111

 
$
92