$WH
WYNDHAM HOTELS & RESORTS, INC.

2024 Q3 Form 10-Q Financial Statement

#000172268424000017 Filed on July 25, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $396.0M $367.0M
YoY Change -1.49% 1.38%
Cost Of Revenue $151.0M $156.0M
YoY Change -7.93% -4.88%
Gross Profit $245.0M $211.0M
YoY Change 2.94% 6.57%
Gross Profit Margin 61.87% 57.49%
Selling, General & Admin $53.00M $49.00M
YoY Change -3.64% -9.26%
% of Gross Profit 21.63% 23.22%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.00M $17.00M
YoY Change -10.53% -5.56%
% of Gross Profit 6.94% 8.06%
Operating Expenses $70.00M $66.00M
YoY Change -5.41% -9.59%
Operating Profit $171.0M $145.0M
YoY Change 4.91% 16.0%
Interest Expense $34.00M $30.00M
YoY Change 25.93% -225.0%
% of Operating Profit 19.88% 20.69%
Other Income/Expense, Net
YoY Change
Pretax Income $137.0M $112.0M
YoY Change 0.74% 16.67%
Income Tax $35.00M $26.00M
% Of Pretax Income 25.55% 23.21%
Net Earnings $102.0M $86.00M
YoY Change -0.97% 22.86%
Net Earnings / Revenue 25.76% 23.43%
Basic Earnings Per Share $1.30 $1.07
Diluted Earnings Per Share $1.29 $1.07
COMMON SHARES
Basic Shares Outstanding 78.98M shares 80.58M shares
Diluted Shares Outstanding 79.20M shares 80.70M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $72.00M $70.00M
YoY Change -8.86% 11.11%
Cash & Equivalents $72.00M $70.00M
Short-Term Investments
Other Short-Term Assets $47.00M $48.00M
YoY Change -24.19% -67.35%
Inventory
Prepaid Expenses $40.00M $39.00M
Receivables $286.0M $275.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $445.0M $432.0M
YoY Change -4.51% -7.69%
LONG-TERM ASSETS
Property, Plant & Equipment $78.00M $81.00M
YoY Change -14.29% -13.83%
Goodwill $1.525B $1.525B
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $547.0M $549.0M
YoY Change 26.04% 163.94%
Total Long-Term Assets $3.709B $3.719B
YoY Change 2.06% 3.65%
TOTAL ASSETS
Total Short-Term Assets $445.0M $432.0M
Total Long-Term Assets $3.709B $3.719B
Total Assets $4.154B $4.151B
YoY Change 1.32% 2.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $62.00M $67.00M
YoY Change 34.78% 6.35%
Accrued Expenses $252.0M $264.0M
YoY Change -5.97% -2.22%
Deferred Revenue $98.00M $106.0M
YoY Change 18.07% 7.07%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $47.00M $44.00M
YoY Change 27.03% 18.92%
Total Short-Term Liabilities $459.0M $481.0M
YoY Change 5.76% 2.56%
LONG-TERM LIABILITIES
Long-Term Debt $2.487B $2.383B
YoY Change 17.15% 17.91%
Other Long-Term Liabilities $193.0M $174.0M
YoY Change 7.82% -49.12%
Total Long-Term Liabilities $193.0M $174.0M
YoY Change 7.82% -92.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $459.0M $481.0M
Total Long-Term Liabilities $193.0M $174.0M
Total Liabilities $3.571B $3.528B
YoY Change 10.08% 11.08%
SHAREHOLDERS EQUITY
Retained Earnings $600.0M $528.0M
YoY Change 28.48% 34.01%
Common Stock $1.000M $1.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.646B $1.549B
YoY Change 33.39% 37.2%
Treasury Stock Shares
Shareholders Equity $583.0M $623.0M
YoY Change
Total Liabilities & Shareholders Equity $4.154B $4.151B
YoY Change 1.32% 2.34%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $102.0M $86.00M
YoY Change -0.97% 22.86%
Depreciation, Depletion And Amortization $17.00M $17.00M
YoY Change -10.53% -5.56%
Cash From Operating Activities $79.00M $1.000M
YoY Change 2.6% -98.8%
INVESTING ACTIVITIES
Capital Expenditures $8.000M $7.000M
YoY Change -20.0% -22.22%
Acquisitions
YoY Change
Other Investing Activities -$1.000M $0.00
YoY Change -95.0% -100.0%
Cash From Investing Activities -$9.000M -$7.000M
YoY Change -70.0% -36.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -68.00M 35.00M
YoY Change 134.48% -122.01%
NET CHANGE
Cash From Operating Activities 79.00M 1.000M
Cash From Investing Activities -9.000M -7.000M
Cash From Financing Activities -68.00M 35.00M
Net Change In Cash 2.000M 29.00M
YoY Change -88.89% -133.33%
FREE CASH FLOW
Cash From Operating Activities $79.00M $1.000M
Capital Expenditures $8.000M $7.000M
Free Cash Flow $71.00M -$6.000M
YoY Change 5.97% -108.11%

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