Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.19.2
Segment Information (Tables)
6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Summary of Net Revenues and Adjusted EBITDA by Segment
 
Three Months Ended June 30,
 
2019
 
2018
 
Net Revenues
 
Adjusted EBITDA
 
Net Revenues
 
Adjusted EBITDA
Hotel Franchising
$
331

 
$
162

 
$
289

 
$
129

Hotel Management
201

 
16

 
146

 
8

Total Reportable Segments
532

 
178

 
435

 
137

Corporate and Other
1

 
(19
)
 

 
(12
)
Total Company
$
533

 
$
159

 
$
435

 
$
125


 
Six Months Ended June 30,
 
2019
 
2018
 
Net Revenues
 
Adjusted EBITDA
 
Net Revenues
 
Adjusted EBITDA
Hotel Franchising
$
600

 
$
275

 
$
491

 
$
214

Hotel Management
398

 
31

 
246

 
24

Total Reportable Segments
998

 
306

 
737

 
238

Corporate and Other
3

 
(36
)
 

 
(21
)
Total Company
$
1,001

 
$
270

 
$
737

 
$
217

Reconciliation of Net Income to Adjusted EBITDA
The table below is a reconciliation of Net income to Adjusted EBITDA.
 
Six Months Ended June 30,
 
2019
 
2018
Net income
$
47

 
$
61

Provision for income taxes
15

 
24

Depreciation and amortization
56

 
41

Interest expense, net
50

 
11

Stock-based compensation
7

 
4

Impairment, net
45

 

Contract termination costs
9

 

Separation-related expenses
22

 
46

Transaction-related expenses, net
18

 
30

Foreign currency impact of highly inflationary countries
1

 

Adjusted EBITDA
$
270

 
$
217

The table below is a reconciliation of Net income to Adjusted EBITDA.
 
Three Months Ended June 30,
 
2019
 
2018
Net income
$
26

 
$
21

Provision for income taxes
10

 
8

Depreciation and amortization
27

 
22

Interest expense, net
26

 
10

Stock-based compensation
4

 
1

Impairment, net
45

 

Contract termination costs
9

 

Separation-related expenses
1

 
35

Transaction-related expenses, net
11

 
28

Adjusted EBITDA
$
159

 
$
125