Annual report pursuant to Section 13 and 15(d)

Segment Information (Tables)

v3.20.4
Segment Information (Tables)
 12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
Summary of Net Revenues and Adjusted EBITDA by Segment
Hotel Franchising
Hotel Management
Corporate and Other (a)
Total
Year Ended or as of December 31, 2020
Net revenues
 $ 863  $ 437  $ —  $ 1,300 
Adjusted EBITDA
 383  13  (69) 327 
Depreciation and amortization
 63  25  10  98 
Segment assets
 3,629  418  597  4,644 
Capital expenditures
 24  4  5  33 
Year Ended or as of December 31, 2019
Net revenues
 $ 1,279  $ 768  $ 6  $ 2,053 
Adjusted EBITDA
 622  66  (75) 613 
Depreciation and amortization
 72  26  11  109 
Segment assets
 3,817  500  216  4,533 
Capital expenditures
 35  8  7  50 
Year Ended or as of December 31, 2018
Net revenues $ 1,135  $ 726  $ 7  $ 1,868 
Adjusted EBITDA 515  47  (55) 507 
Depreciation and amortization 72  21  6  99 
Segment assets 3,829  580  567  4,976 
Capital expenditures 43  27  3  73 
_____________________
(a)    Includes the elimination of transactions between segments.
Reconciliation of Net Income to Adjusted EBITDA
Provided below is a reconciliation of net income (loss) to adjusted EBITDA.
Year Ended December 31,
2020 2019 2018
Net (loss)/income $ (132) $ 157  $ 162 
(Benefit from)/provision for income taxes (26) 50  61 
Depreciation and amortization 98  109  99 
Interest expense, net 112  100  60 
Stock-based compensation expense 19  15  9 
Impairments, net 206  45  — 
Restructuring costs 34  8  — 
Transaction-related expenses, net 12  40  36 
Separation-related expenses 2  22  77 
Contract termination costs —  42  — 
Transaction-related item —  20  — 
Foreign currency impact of highly inflationary countries 2  5  3 
Adjusted EBITDA
 $ 327  $ 613  $ 507 
Revenue from External Customers by Geographic Areas
Year Ended December 31,
2020 2019 2018
Net (loss)/income $ (132) $ 157  $ 162 
(Benefit from)/provision for income taxes (26) 50  61 
Depreciation and amortization 98  109  99 
Interest expense, net 112  100  60 
Stock-based compensation expense 19  15  9 
Impairments, net 206  45  — 
Restructuring costs 34  8  — 
Transaction-related expenses, net 12  40  36 
Separation-related expenses 2  22  77 
Contract termination costs —  42  — 
Transaction-related item —  20  — 
Foreign currency impact of highly inflationary countries 2  5  3 
Adjusted EBITDA
 $ 327  $ 613  $ 507 
The geographic segment information provided below is classified based on the geographic location of Wyndham Hotels’ subsidiaries.
United States
All Other Countries (a)
Total
Year Ended or As of December 31, 2020
Net revenues $ 1,159  $ 141  $ 1,300 
Net long-lived assets 3,334  184  3,518 
Year Ended or As of December 31, 2019
Net revenues $ 1,805  $ 248  $ 2,053 
Net long-lived assets 3,619  173  3,792 
Year Ended or As of December 31, 2018
Net revenues $ 1,641  $ 227  $ 1,868 
Net long-lived assets 3,681  179  3,860 
_____________________
(a)    Includes U.S. territories.
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas
Year Ended December 31,
2020 2019 2018
Net (loss)/income $ (132) $ 157  $ 162 
(Benefit from)/provision for income taxes (26) 50  61 
Depreciation and amortization 98  109  99 
Interest expense, net 112  100  60 
Stock-based compensation expense 19  15  9 
Impairments, net 206  45  — 
Restructuring costs 34  8  — 
Transaction-related expenses, net 12  40  36 
Separation-related expenses 2  22  77 
Contract termination costs —  42  — 
Transaction-related item —  20  — 
Foreign currency impact of highly inflationary countries 2  5  3 
Adjusted EBITDA
 $ 327  $ 613  $ 507 
The geographic segment information provided below is classified based on the geographic location of Wyndham Hotels’ subsidiaries.
United States
All Other Countries (a)
Total
Year Ended or As of December 31, 2020
Net revenues $ 1,159  $ 141  $ 1,300 
Net long-lived assets 3,334  184  3,518 
Year Ended or As of December 31, 2019
Net revenues $ 1,805  $ 248  $ 2,053 
Net long-lived assets 3,619  173  3,792 
Year Ended or As of December 31, 2018
Net revenues $ 1,641  $ 227  $ 1,868 
Net long-lived assets 3,681  179  3,860 
_____________________
(a)    Includes U.S. territories.
Long-lived Assets by Geographic Areas
Year Ended December 31,
2020 2019 2018
Net (loss)/income $ (132) $ 157  $ 162 
(Benefit from)/provision for income taxes (26) 50  61 
Depreciation and amortization 98  109  99 
Interest expense, net 112  100  60 
Stock-based compensation expense 19  15  9 
Impairments, net 206  45  — 
Restructuring costs 34  8  — 
Transaction-related expenses, net 12  40  36 
Separation-related expenses 2  22  77 
Contract termination costs —  42  — 
Transaction-related item —  20  — 
Foreign currency impact of highly inflationary countries 2  5  3 
Adjusted EBITDA
 $ 327  $ 613  $ 507 
The geographic segment information provided below is classified based on the geographic location of Wyndham Hotels’ subsidiaries.
United States
All Other Countries (a)
Total
Year Ended or As of December 31, 2020
Net revenues $ 1,159  $ 141  $ 1,300 
Net long-lived assets 3,334  184  3,518 
Year Ended or As of December 31, 2019
Net revenues $ 1,805  $ 248  $ 2,053 
Net long-lived assets 3,619  173  3,792 
Year Ended or As of December 31, 2018
Net revenues $ 1,641  $ 227  $ 1,868 
Net long-lived assets 3,681  179  3,860 
_____________________
(a)    Includes U.S. territories.