2009 Q1 Form 10-K Financial Statement
#000119312510030603 Filed on February 12, 2010
Income Statement
| Concept | 2009 Q1 | 2007 |
|---|---|---|
| Revenue | $3.784B | $8.575B |
| YoY Change | 28.4% | -28.51% |
| Cost Of Revenue | $3.385B | $11.03B |
| YoY Change | 30.69% | 7.85% |
| Gross Profit | $399.0M | $1.956B |
| YoY Change | 11.76% | 10.88% |
| Gross Profit Margin | 10.54% | 22.81% |
| Selling, General & Admin | $270.0M | $773.0M |
| YoY Change | 66.67% | 14.18% |
| % of Gross Profit | 67.67% | 39.52% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $60.00M | $197.0M |
| YoY Change | 46.34% | 4.79% |
| % of Gross Profit | 15.04% | 10.07% |
| Operating Expenses | $270.0M | $773.0M |
| YoY Change | 66.67% | 14.18% |
| Operating Profit | $129.0M | $1.183B |
| YoY Change | -33.85% | 8.83% |
| Interest Expense | -$50.00M | $184.0M |
| YoY Change | 4900.0% | 1572.73% |
| % of Operating Profit | -38.76% | 15.55% |
| Other Income/Expense, Net | -$3.000M | $1.000M |
| YoY Change | -250.0% | -80.0% |
| Pretax Income | $21.00M | $1.137B |
| YoY Change | -89.29% | 4.12% |
| Income Tax | $33.00M | $441.0M |
| % Of Pretax Income | 157.14% | 38.79% |
| Net Earnings | -$10.00M | $696.0M |
| YoY Change | -108.26% | 14.47% |
| Net Earnings / Revenue | -0.26% | 8.12% |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | -$28.41K | $1.736M |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2009 Q1 | 2007 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $134.0M | $332.0M |
| YoY Change | -57.32% | 73.82% |
| Cash & Equivalents | $134.0M | $332.0M |
| Short-Term Investments | ||
| Other Short-Term Assets | $393.0M | $535.0M |
| YoY Change | -29.19% | -39.34% |
| Inventory | $1.981B | $1.557B |
| Prepaid Expenses | ||
| Receivables | $898.0M | $1.148B |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $3.406B | $3.572B |
| YoY Change | -8.07% | 7.62% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $1.443B | $1.329B |
| YoY Change | 7.85% | 7.79% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $346.0M | $343.0M |
| YoY Change | 6.79% | -14.68% |
| Other Assets | $1.135B | $1.366B |
| YoY Change | -12.69% | -2.43% |
| Total Long-Term Assets | $5.497B | $5.370B |
| YoY Change | 1.74% | 1.92% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $3.406B | $3.572B |
| Total Long-Term Assets | $5.497B | $5.370B |
| Total Assets | $8.903B | $8.942B |
| YoY Change | -2.25% | 4.12% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $704.0M | $789.0M |
| YoY Change | 10.69% | 19.91% |
| Accrued Expenses | $633.0M | $642.0M |
| YoY Change | 29.18% | 4.56% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $120.0M | $175.0M |
| YoY Change | 118.18% | 1066.67% |
| Total Short-Term Liabilities | $2.533B | $2.876B |
| YoY Change | -1.21% | 14.04% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $2.975B | $2.790B |
| YoY Change | -10.93% | 53.47% |
| Other Long-Term Liabilities | $914.0M | $1.814B |
| YoY Change | -51.49% | 11.29% |
| Total Long-Term Liabilities | $914.0M | $4.604B |
| YoY Change | -82.5% | 33.53% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $2.533B | $2.876B |
| Total Long-Term Liabilities | $914.0M | $4.604B |
| Total Liabilities | $7.523B | $7.513B |
| YoY Change | -3.4% | 25.85% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $1.380B | $1.429B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $8.903B | $8.942B |
| YoY Change | -2.25% | 4.12% |
Cashflow Statement
| Concept | 2009 Q1 | 2007 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$10.00M | $696.0M |
| YoY Change | -108.26% | 14.47% |
| Depreciation, Depletion And Amortization | $60.00M | $197.0M |
| YoY Change | 46.34% | 4.79% |
| Cash From Operating Activities | $86.00M | $778.0M |
| YoY Change | -228.36% | -19.79% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$137.0M | -$671.0M |
| YoY Change | 110.77% | 26.84% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $21.00M | $796.0M |
| YoY Change | -180.77% | 22.84% |
| Cash From Investing Activities | -$116.0M | $125.0M |
| YoY Change | 27.47% | 5.04% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 47.00M | -762.0M |
| YoY Change | -66.43% | -30.66% |
| NET CHANGE | ||
| Cash From Operating Activities | 86.00M | 778.0M |
| Cash From Investing Activities | -116.0M | 125.0M |
| Cash From Financing Activities | 47.00M | -762.0M |
| Net Change In Cash | 17.00M | 141.0M |
| YoY Change | -194.44% | -1510.0% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $86.00M | $778.0M |
| Capital Expenditures | -$137.0M | -$671.0M |
| Free Cash Flow | $223.0M | $1.449B |
| YoY Change | -11250.0% | -3.34% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2007 | us-gaap |
Cost Of Reimbursable Expense
CostOfReimbursableExpense
|
8575000000 | |
| CY2007 | us-gaap |
Cumulative Effect Of Initial Adoption Of Fin48
CumulativeEffectOfInitialAdoptionOfFIN48
|
-155000000 | |
| CY2007 | us-gaap |
Franchise Revenue
FranchiseRevenue
|
439000000 | |
| CY2010Q1 | us-gaap |
Accounts Notes And Loans Receivable Net Current
AccountsNotesAndLoansReceivableNetCurrent
|
838000000 | |
| CY2010Q1 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
562000000 | |
| CY2010Q1 | us-gaap |
Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
|
1020000000 | |
| CY2010Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
731000000 | |
| CY2010Q1 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
249000000 | |
| CY2010Q1 | us-gaap |
Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
|
452000000 | |
| CY2010Q1 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
688000000 | |
| CY2010Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
1077000000 | |
| CY2009Q1 | us-gaap |
Accounts Notes And Loans Receivable Net Current
AccountsNotesAndLoansReceivableNetCurrent
|
898000000 | |
| CY2009Q1 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
704000000 | |
| CY2009Q1 | us-gaap |
Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
|
727000000 | |
| CY2009Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
710000000 | |
| CY2009Q1 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
346000000 | |
| CY2009Q1 | us-gaap |
Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
|
830000000 | |
| CY2009Q1 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
630000000 | |
| CY2009Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
914000000 | |
| CY2007 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
773000000 | |
| CY2007 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
1.83 | |
| CY2007 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
1.73 | |
| CY2007 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
3000000 | |
| CY2007 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
441000000 | |
| CY2007 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
38000000 | |
| CY2007 | us-gaap |
Management Fees Base Revenue
ManagementFeesBaseRevenue
|
620000000 | |
| CY2007 | us-gaap |
Management Fees Incentive Revenue
ManagementFeesIncentiveRevenue
|
369000000 | |
| CY2007 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
97000000 | |
| CY2007 | us-gaap |
Reimbursement Revenue
ReimbursementRevenue
|
8575000000 | |
| CY2007 | mar |
Cumulative Effect Of Initial Adoption Of Sfas156
CumulativeEffectOfInitialAdoptionOfSFAS156
|
1000000 | |
| CY2007 | mar |
Timeshare Strategy Impairment Charges Non Operating
TimeshareStrategyImpairmentChargesNonOperating
|
0 | |
| CY2010 | us-gaap |
Cost Of Reimbursable Expense
CostOfReimbursableExpense
|
7682000000 | |
| CY2010 | us-gaap |
Franchise Revenue
FranchiseRevenue
|
400000000 | |
| CY2010 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
722000000 | |
| CY2010 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
-0.97 | |
| CY2010 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
-0.97 | |
| CY2010 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-66000000 | |
| CY2010 | us-gaap |
Interest Expense
InterestExpense
|
118000000 | |
| CY2010 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
25000000 | |
| CY2010 | us-gaap |
Management Fees Base Revenue
ManagementFeesBaseRevenue
|
530000000 | |
| CY2010 | us-gaap |
Management Fees Incentive Revenue
ManagementFeesIncentiveRevenue
|
154000000 | |
| CY2010 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
31000000 | |
| CY2010 | us-gaap |
Reimbursement Revenue
ReimbursementRevenue
|
7682000000 | |
| CY2010 | mar |
Timeshare Strategy Impairment Charges Non Operating
TimeshareStrategyImpairmentChargesNonOperating
|
138000000 | |
| CY2009 | us-gaap |
Cost Of Reimbursable Expense
CostOfReimbursableExpense
|
8834000000 | |
| CY2009 | us-gaap |
Cumulative Effect Of Initial Adoption Of New Accounting Principle
CumulativeEffectOfInitialAdoptionOfNewAccountingPrinciple
|
-3000000 | |
| CY2009 | us-gaap |
Franchise Revenue
FranchiseRevenue
|
451000000 | |
| CY2009 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
803000000 | |
| CY2009 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
1.01 | |
| CY2009 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.97 | |
| CY2009 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
15000000 | |
| CY2009 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
350000000 | |
| CY2009 | us-gaap |
Interest Expense
InterestExpense
|
163000000 | |
| CY2009 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
39000000 | |
| CY2009 | us-gaap |
Management Fees Base Revenue
ManagementFeesBaseRevenue
|
635000000 | |
| CY2009 | us-gaap |
Management Fees Incentive Revenue
ManagementFeesIncentiveRevenue
|
311000000 | |
| CY2009 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
38000000 | |
| CY2009 | us-gaap |
Reimbursement Revenue
ReimbursementRevenue
|
8834000000 | |
| CY2009 | mar |
Timeshare Strategy Impairment Charges Non Operating
TimeshareStrategyImpairmentChargesNonOperating
|
0 | |
| CY2007 | us-gaap |
Interest Expense
InterestExpense
|
184000000 | |
| CY2010 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-65000000 |
