Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.19.3
Segment Information (Tables)
9 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Summary of Net Revenues and Adjusted EBITDA by Segment
 
Three Months Ended September 30,
 
2019
 
2018
 
Net Revenues
 
Adjusted EBITDA
 
Net Revenues
 
Adjusted EBITDA
Hotel Franchising
$
379

 
$
195

 
$
348

 
$
178

Hotel Management
180

 
13

 
252

 
5

Total Reportable Segments
559

 
208

 
600

 
183

Corporate and Other
1

 
(18
)
 
4

 
(17
)
Total Company
$
560

 
$
190

 
$
604

 
$
166

 
Nine Months Ended September 30,
 
2019
 
2018
 
Net Revenues
 
Adjusted EBITDA
 
Net Revenues
 
Adjusted EBITDA
Hotel Franchising
$
979

 
$
470

 
$
840

 
$
394

Hotel Management
578

 
45

 
497

 
29

Total Reportable Segments
1,557

 
515

 
1,337

 
423

Corporate and Other
4

 
(54
)
 
4

 
(41
)
Total Company
$
1,561

 
$
461

 
$
1,341

 
$
382

Reconciliation of Net Income to Adjusted EBITDA
The table below is a reconciliation of Net income to Adjusted EBITDA.
 
Nine Months Ended September 30,
 
2019
 
2018
Net income
$
93

 
$
118

Provision for income taxes
36

 
47

Depreciation and amortization
81

 
71

Interest expense, net
76

 
36

Stock-based compensation
11

 
6

Impairment, net
45

 

Contract termination costs
43

 

Transaction-related item
20

 

Separation-related expenses
22

 
63

Transaction-related expenses, net
30

 
37

Foreign currency impact of highly inflationary countries
4

 
4

Adjusted EBITDA
$
461

 
$
382

The table below is a reconciliation of Net income to Adjusted EBITDA.
 
Three Months Ended September 30,
 
2019
 
2018
Net income
$
45

 
$
58

Provision for income taxes
21

 
23

Depreciation and amortization
26

 
30

Interest expense, net
25

 
24

Stock-based compensation
4

 
3

Contract termination costs
34

 

Transaction-related item
20

 

Separation-related expenses

 
17

Transaction-related expenses, net
12

 
7

Foreign currency impact of highly inflationary countries
3

 
4

Adjusted EBITDA
$
190

 
$
166