WYNDHAM HOTELS & RESORTS, INC.WH

Market cap

$5.8B

P/E ratio

19.9x

	Dec 31, 2018	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023
Royalties and franchise fees	441	480	328	461	512	532
Marketing, reservation and loyalty	491	562	370	468	544	578
Management and other fees	124	125	64	117	57	14
License and other fees	-	131	84	79	100	112
Cost reimbursements	586	623	350	320	144	13
Other	115	132	104	120	141	148
Fee-related and other revenues	1,868	2,053	1,300	1,565	1,498	1,397
Cost reimbursements	-	-	-	320	144	13
Marketing, reservation and loyalty	486	563	419	450	524	569
Cost reimbursements	586	623	350	320	144	13
Operating	182	164	109	132	106	94
General and administrative	119	130	116	113	123	130
Depreciation and amortization	99	109	98	95	77	76
Gain on asset sale, net	-	-	-	-	35	-
Separation-related	-	-	2	3	1	1
Impairments, net	-	45	206	6	-	-
Restructuring	-	-	34	-	-	-
Transaction-related, net	36	40	12	-	-	11
Transaction-related, net	36	40	12	-	-	11
Total expenses	1,585	1,746	1,346	1,119	940	894
Total expenses	1,585	1,746	1,346	1,119	940	894
Operating income	283	307	-46	446	558	503
Interest Expense	60	100	112	93	80	102
Early extinguishment of debt	-	-	-	-18	-2	-3
Income before income taxes	223	207	-158	335	476	398
Provision for income taxes	61	50	-26	91	121	109
Net income	162	157	-132	244	355	289
Basic (in usd per share)	1.62	1.63	-1.42	2.61	3.93	3.43
Diluted (in usd per share)	1.62	1.62	-1.42	2.6	3.91	3.41