Wyndham Hotels & Resorts, Inc. (WH) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
22 SYLVAN WAY PARSIPPANY, NJ 07054 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7011 - Hotels and Motels (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 161 | 171 | 493 | 94 | 366 | |||
| Cash and cash equivalents | 161 | 171 | 493 | 94 | 366 | |||
| Receivables | 234 | 246 | 295 | 304 | 293 | |||
| Prepaid expense | 59 | 51 | 45 | 48 | 40 | |||
| Asset, held-for-sale, not part of disposal group | 154 | |||||||
| Other current assets | 91 | 98 | 67 | 53 | 152 | |||
| Total current assets: | 545 | 720 | 900 | 499 | 851 | |||
| Noncurrent Assets | ||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 26 | 29 | 33 | 37 | ✕ | |||
| Operating lease, right-of-use asset | 11 | 14 | 14 | 29 | ✕ | |||
| Property, plant and equipment | 99 | 106 | 278 | 307 | 326 | |||
| Intangible assets, net (including goodwill) | 1,900 | 1,999 | 2,038 | 2,092 | 2,141 | |||
| Goodwill | 1,525 | 1,525 | 1,525 | 1,539 | 1,547 | |||
| Intangible assets, net (excluding goodwill) | 375 | 474 | 513 | 553 | 594 | |||
| Other noncurrent assets | 348 | 243 | 226 | 242 | 265 | |||
| Other undisclosed noncurrent assets | 1,194 | 1,158 | 1,155 | 1,327 | 1,393 | |||
| Total noncurrent assets: | 3,578 | 3,549 | 3,744 | 4,034 | 4,125 | |||
| TOTAL ASSETS: | 4,123 | 4,269 | 4,644 | 4,533 | 4,976 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 303 | 289 | 254 | 309 | 563 | |||
| Accounts payable | 39 | 31 | 28 | 30 | 61 | |||
| Accrued liabilities | 264 | 258 | 226 | 279 | 502 | |||
| Deferred revenue | 83 | 70 | 71 | 132 | ✕ | |||
| Debt | 20 | 21 | 21 | 21 | 21 | |||
| Disposal group, including discontinued operation | 17 | |||||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | 109 | ||
| Total current liabilities: | 406 | 397 | 346 | 462 | 693 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation, including: | 2,057 | 2,063 | 2,576 | 2,101 | 2,120 | |||
| Finance lease, liability | 40 | 45 | 50 | 55 | ✕ | |||
| Other undisclosed long-term debt and lease obligation | 2,017 | 2,008 | 2,515 | 2,022 | 2,120 | |||
| Liabilities, other than long-term debt | 698 | 720 | 759 | 758 | 346 | |||
| Deferred revenue | 164 | 165 | 158 | 151 | ✕ | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | 164 | ||
| Deferred income tax liabilities | 345 | 366 | 359 | 387 | ✕ | |||
| Other liabilities | 189 | 189 | 242 | 220 | 182 | |||
| Operating lease, liability | 10 | 11 | 24 | ✕ | ||||
| Other undisclosed noncurrent liabilities | 399 | |||||||
| Total noncurrent liabilities: | 2,755 | 2,783 | 3,335 | 2,859 | 2,865 | |||
| Total liabilities: | 3,161 | 3,180 | 3,681 | 3,321 | 3,558 | |||
| Equity | ||||||||
| Equity, attributable to parent | 962 | 1,089 | 963 | 1,212 | 1,418 | |||
| Common stock | 1 | 1 | 1 | 1 | 1 | |||
| Treasury stock, value | (964) | (519) | (408) | (363) | (119) | |||
| Additional paid in capital | 1,569 | 1,543 | 1,504 | 1,488 | 1,475 | |||
| Accumulated other comprehensive income (loss) | 38 | (15) | (52) | (27) | (8) | |||
| Retained earnings (accumulated deficit) | 318 | 79 | (82) | 113 | 69 | |||
| Total equity: | 962 | 1,089 | 963 | 1,212 | 1,418 | |||
| TOTAL LIABILITIES AND EQUITY: | 4,123 | 4,269 | 4,644 | 4,533 | 4,976 | |||
Income Statement (P&L) ($ in millions)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 1,498 | 1,565 | 1,300 | 2,053 | 1,868 | ||
| Gross profit: | 1,498 | 1,565 | 1,300 | 2,053 | 1,868 | ||
| Operating expenses | (940) | (1,119) | (1,346) | (1,746) | (1,585) | ||
| Operating income (loss): | 558 | 446 | (46) | 307 | 283 | ||
| Interest and debt expense | (82) | (111) | (112) | (100) | (60) | ||
| Income (loss) from continuing operations before income taxes: | 476 | 335 | (158) | 207 | 223 | ||
| Income tax expense (benefit) | (121) | (91) | 26 | (50) | (61) | ||
| Income (loss) from continuing operations: | 355 | 244 | (132) | 157 | 162 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | 244 | (132) | 157 | 162 | |
| Net income (loss) available to common stockholders, diluted: | 355 | 244 | (132) | 157 | 162 | ||
Comprehensive Income ($ in millions)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | 355 | 244 | (132) | 157 | 162 | ||
| Other comprehensive income (loss) | 53 | 37 | (25) | (19) | (4) | ||
| Comprehensive income (loss): | 408 | 281 | (157) | 138 | 158 | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (9) | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 408 | 281 | (157) | 138 | 149 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.