| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Dec'16 | Sep'16 | Jun'16 | Mar'16 | Dec'15 | Sep'15 | Jun'15 | Mar'15 | Dec'14 | Sep'14 | Jun'14 | Mar'14 | Dec'13 | Sep'13 | Jun'13 | Mar'13 | Dec'12 | Aug'12 | May'12 | Mar'12 | Dec'11 | Aug'11 | Jun'11 | Mar'11 | Dec'10 | Aug'10 | Jun'10 | Mar'10 | Dec'09 | Aug'09 | Jun'09 | Mar'09 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||||||||||||||||||||||||||||||||||||
Net income | ||||||||||||||||||||||||||||||||||||||||||||
31,000 | 279,000 | 387,000 | 232,000 | 375,000 | 317,000 | 503,000 | 667,000 | 420,000 | 114,000 | 485,000 | 489,000 | 371,000 | 272,000 | 70,000 | 247,000 | 219,000 | 202,000 | 210,000 | 240,000 | 207,000 | 197,000 | 192,000 | 192,000 | 172,000 | 151,000 | 160,000 | 179,000 | 136,000 | 181,000 | 143,000 | 143,000 | 104,000 | 141,000 | -179,000 | 135,000 | 101,000 | 173,000 | 83,000 | 119,000 | 83,000 | 106,000 | -469,000 | 35,000 | -25,000 |
Adjustments to reconcile to cash provided by operating activities: | ||||||||||||||||||||||||||||||||||||||||||||
Depreciation, amortization, and other | ||||||||||||||||||||||||||||||||||||||||||||
175,000 | 196,000 | 68,000 | 71,000 | 68,000 | 76,000 | 65,000 | 70,000 | 73,000 | 69,000 | 65,000 | 83,000 | 62,000 | 62,000 | 36,000 | 30,000 | 31,000 | 32,000 | 31,000 | 32,000 | 44,000 | 32,000 | 33,000 | 47,000 | 36,000 | 35,000 | 34,000 | 33,000 | 25,000 | 2,000 | 33,000 | 38,000 | 29,000 | 28,000 | 40,000 | 41,000 | 35,000 | - | - | 42,000 | 39,000 | 61,000 | 43,000 | 42,000 | 39,000 |
Share-based compensation | ||||||||||||||||||||||||||||||||||||||||||||
41,000 | 49,000 | 48,000 | 50,000 | 40,000 | 44,000 | 47,000 | 51,000 | 42,000 | 42,000 | 44,000 | 47,000 | 48,000 | 95,000 | 58,000 | 31,000 | 28,000 | 29,000 | 29,000 | 31,000 | 24,000 | 28,000 | 27,000 | 29,000 | 25,000 | 27,000 | 28,000 | 31,000 | 30,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Income taxes | ||||||||||||||||||||||||||||||||||||||||||||
-71,000 | -102,000 | 4,000 | -95,000 | -7,000 | -82,000 | 13,000 | -194,000 | 24,000 | 697,000 | 42,000 | 62,000 | 86,000 | 102,000 | -60,000 | 3,000 | 58,000 | 23,000 | 21,000 | 70,000 | 29,000 | -12,000 | 26,000 | 41,000 | 16,000 | 6,000 | -18,000 | 52,000 | 33,000 | 70,000 | 41,000 | 43,000 | 70,000 | 93,000 | -54,000 | 39,000 | 35,000 | -118,000 | 30,000 | 39,000 | 22,000 | 28,000 | -222,000 | 7,000 | 20,000 |
Timeshare activity, net | ||||||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 17,000 | 45,000 | 32,000 | 81,000 | 3,000 | 88,000 | 57,000 | 68,000 | 200,000 | 26,000 | -232,000 | 152,000 |
Liability for guest loyalty programs | ||||||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 69,000 | - | 48,000 | 55,000 | 76,000 | 114,000 | 18,000 | 56,000 | 45,000 | 105,000 | 2,000 | 38,000 | 30,000 | 94,000 | -15,000 | 12,000 | 8,000 | 69,000 | -30,000 | 7,000 | 14,000 | 46,000 | -3,000 | 2,000 | 33,000 | 60,000 | 0 | 2,000 | 24,000 | 35,000 | 5,000 | 4,000 | 59,000 |
Contract acquisition costs | ||||||||||||||||||||||||||||||||||||||||||||
-39,000 | -55,000 | -47,000 | -37,000 | -56,000 | -42,000 | -39,000 | -42,000 | -29,000 | -59,000 | -37,000 | -36,000 | -53,000 | -131,000 | 18,000 | 16,000 | 21,000 | 32,000 | 17,000 | 11,000 | 61,000 | 18,000 | 19,000 | 22,000 | 6,000 | 25,000 | 10,000 | 12,000 | 14,000 | 9,000 | 33,000 | 9,000 | 10,000 | 20,000 | 7,000 | 10,000 | 37,000 | 21,000 | 15,000 | 4,000 | 16,000 | 13,000 | 12,000 | 9,000 | 5,000 |
Merger-related charges | ||||||||||||||||||||||||||||||||||||||||||||
-12,000 | -51,000 | -5,000 | 152,000 | -10,000 | 53,000 | -14,000 | -7,000 | -16,000 | -7,000 | -19,000 | -62,000 | -36,000 | 37,000 | 172,000 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Working capital changes | ||||||||||||||||||||||||||||||||||||||||||||
245,000 | 131,000 | -25,000 | 22,000 | -401,000 | 25,000 | 65,000 | -68,000 | -98,000 | 94,000 | -11,000 | 22,000 | -135,000 | -133,000 | 8,000 | 64,000 | -45,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gain on asset dispositions | ||||||||||||||||||||||||||||||||||||||||||||
0 | 132,000 | 9,000 | 2,000 | 4,000 | 3,000 | 18,000 | 113,000 | 60,000 | 657,000 | 6,000 | 25,000 | -1,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Restructuring costs, net | ||||||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -1,000 | 0 | -2,000 | -2,000 | -2,000 | -3,000 | -2,000 | -4,000 | -2,000 | 1,000 | 26,000 | -9,000 |
Asset impairments and write-offs | ||||||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 9,000 | 3,000 | 1,000 | - | 27,000 | 3,000 | 2,000 | 122,000 | 3,000 | 4,000 | 2,000 | 14,000 | 6,000 | 10,000 | 50,000 |
Working capital changes | ||||||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 9,000 | -63,000 | 131,000 | - | 20,000 | -104,000 | 121,000 | -14,000 | -9,000 | -180,000 | 154,000 | 85,000 | -195,000 | -58,000 | 93,000 | 88,000 | -204,000 | -92,000 | 146,000 | 57,000 | -150,000 | -101,000 | 74,000 | 63,000 | -160,000 | 74,000 | -83,000 |
Other | ||||||||||||||||||||||||||||||||||||||||||||
18,000 | 86,000 | 94,000 | 20,000 | 94,000 | 40,000 | 18,000 | -62,000 | 111,000 | 41,000 | 30,000 | 29,000 | 49,000 | 11,000 | 12,000 | 38,000 | 27,000 | 24,000 | 28,000 | -2,000 | 44,000 | 7,000 | 21,000 | 36,000 | 24,000 | - | -3,000 | 5,000 | 40,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net cash provided by operating activities | ||||||||||||||||||||||||||||||||||||||||||||
514,000 | 495,000 | 452,000 | 587,000 | 151,000 | 533,000 | 695,000 | 454,000 | 675,000 | 476,000 | 565,000 | 724,000 | 462,000 | 413,000 | 344,000 | 468,000 | 394,000 | 435,000 | 328,000 | 490,000 | 262,000 | 274,000 | 281,000 | 487,000 | 182,000 | 335,000 | 195,000 | 492,000 | 118,000 | 181,000 | 391,000 | 292,000 | 125,000 | 204,000 | 404,000 | 342,000 | 139,000 | 238,000 | 391,000 | 362,000 | 160,000 | 271,000 | 250,000 | 144,000 | 203,000 |
INVESTING ACTIVITIES | ||||||||||||||||||||||||||||||||||||||||||||
Capital expenditures | ||||||||||||||||||||||||||||||||||||||||||||
59,000 | 418,000 | 93,000 | 76,000 | 66,000 | 94,000 | 74,000 | 324,000 | 64,000 | 85,000 | 51,000 | 56,000 | 48,000 | 67,000 | 54,000 | 36,000 | 42,000 | 87,000 | 59,000 | 84,000 | 75,000 | 144,000 | 111,000 | 95,000 | 61,000 | 70,000 | 78,000 | 78,000 | 70,000 | 121,000 | 59,000 | 60,000 | 197,000 | 55,000 | 37,000 | 29,000 | 62,000 | 160,000 | 83,000 | 39,000 | 25,000 | 35,000 | 29,000 | 33,000 | 50,000 |
Dispositions | ||||||||||||||||||||||||||||||||||||||||||||
260,000 | 391,000 | 2,000 | 0 | 2,000 | 19,000 | 24,000 | 328,000 | 108,000 | 936,000 | 0 | 171,000 | 311,000 | 158,000 | 0 | 49,000 | 4,000 | 61,000 | 31,000 | 334,000 | 247,000 | 143,000 | 0 | 0 | 292,000 | 0 | 0 | 0 | 0 | - | - | - | - | 19,000 | 1,000 | 0 | 0 | - | - | - | - | 1,000 | 0 | 0 | 1,000 |
Loan advances | ||||||||||||||||||||||||||||||||||||||||||||
32,000 | 7,000 | 13,000 | 10,000 | 0 | 0 | 0 | 1,000 | 12,000 | 8,000 | 37,000 | 20,000 | 28,000 | 8,000 | 0 | 8,000 | 16,000 | 54,000 | 0 | 2,000 | 10,000 | 0 | 0 | 100,000 | 3,000 | 2,000 | 1,000 | 1,000 | 3,000 | 15,000 | 0 | 1,000 | 1,000 | 6,000 | 9,000 | 9,000 | 2,000 | 8,000 | 6,000 | 8,000 | 2,000 | 15,000 | 32,000 | 14,000 | 4,000 |
Loan collections | ||||||||||||||||||||||||||||||||||||||||||||
4,000 | 2,000 | 43,000 | 2,000 | 4,000 | 1,000 | 18,000 | 24,000 | 5,000 | 96,000 | 81,000 | 3,000 | 7,000 | 6,000 | 59,000 | 0 | 2,000 | 71,000 | 7,000 | 7,000 | 7,000 | 8,000 | 9,000 | 8,000 | 9,000 | 15,000 | 19,000 | 23,000 | 20,000 | 29,000 | 20,000 | 23,000 | 83,000 | 1,000 | 21,000 | 86,000 | 2,000 | 4,000 | 5,000 | 7,000 | 2,000 | 35,000 | -8,000 | -11,000 | 4,000 |
Equity and cost method investments | ||||||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,000 | 4,000 | 1,000 | 0 | 0 | 2,000 | 14,000 | 3,000 | 0 | 10,000 | 2,000 | 12,000 | 1,000 | 5,000 | 65,000 | 44,000 | -6,000 | -6,000 | -3,000 | 55,000 | -13,000 | -10,000 | -4,000 |
Escrow deposit for acquisition of a business | ||||||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 136,000 | - | - | - | 192,000 | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Other | ||||||||||||||||||||||||||||||||||||||||||||
8,000 | 9,000 | 8,000 | 2,000 | 28,000 | 59,000 | 1,000 | -38,000 | -12,000 | 55,000 | -11,000 | 18,000 | -1,000 | 23,000 | -10,000 | -3,000 | -9,000 | -35,000 | -60,000 | -9,000 | -6,000 | 5,000 | -2,000 | 20,000 | -4,000 | -49,000 | 20,000 | 61,000 | 7,000 | 43,000 | -17,000 | 31,000 | 8,000 | 29,000 | -113,000 | 81,000 | 14,000 | 15,000 | -10,000 | -5,000 | -20,000 | -6,000 | -21,000 | -31,000 | -17,000 |
Net cash provided by (used in) investing activities | ||||||||||||||||||||||||||||||||||||||||||||
165,000 | -41,000 | -69,000 | -86,000 | -88,000 | -133,000 | -33,000 | 65,000 | 49,000 | 884,000 | 4,000 | 80,000 | 243,000 | 141,000 | -2,415,000 | -8,000 | -64,000 | -6,000 | 21,000 | 374,000 | -22,000 | -9,000 | -121,000 | -225,000 | 42,000 | -210,000 | -90,000 | -131,000 | -88,000 | -372,000 | 6,000 | -84,000 | -135,000 | -102,000 | 81,000 | -48,000 | -178,000 | -103,000 | -92,000 | -45,000 | -24,000 | 61,000 | -57,000 | -32,000 | -41,000 |
FINANCING ACTIVITIES | ||||||||||||||||||||||||||||||||||||||||||||
Commercial paper/Credit Facility, net | ||||||||||||||||||||||||||||||||||||||||||||
1,317,000 | -226,000 | 354,000 | 158,000 | 665,000 | -1,174,000 | 338,000 | 80,000 | 627,000 | -420,000 | 361,000 | 145,000 | -26,000 | -284,000 | 2,598,000 | -992,000 | 51,000 | 134,000 | -410,000 | -110,000 | 246,000 | -140,000 | 125,000 | 101,000 | 149,000 | 43,000 | -285,000 | -169,000 | 722,000 | 74,000 | -37,000 | 387,000 | -240,000 | -72,000 | 241,000 | 114,000 | 42,000 | 0 | -96,000 | -300,000 | -29,000 | -285,000 | -186,000 | -104,000 | 31,000 |
Issuance of long-term debt | ||||||||||||||||||||||||||||||||||||||||||||
0 | 545,000 | 11,000 | 0 | 841,000 | 1,203,000 | 0 | 443,000 | 0 | -1,000 | 0 | 0 | 1,000 | -1,000 | 0 | 1,483,000 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | 346,000 | 0 | 0 | 590,000 | 118,000 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Repayments of Long-term Debt | ||||||||||||||||||||||||||||||||||||||||||||
66,000 | 214,000 | 4,000 | 14,000 | 603,000 | 6,000 | 4,000 | 374,000 | 13,000 | 5,000 | 4,000 | 297,000 | 4,000 | 30,000 | 2,000 | 292,000 | 2,000 | 318,000 | 3,000 | 2,000 | 2,000 | 2,000 | 2,000 | 1,000 | 2,000 | 2,000 | 2,000 | 1,000 | 402,000 | 2,000 | 16,000 | 350,000 | 2,000 | 68,000 | 67,000 | 52,000 | 77,000 | 117,000 | 89,000 | 58,000 | 121,000 | 79,000 | 2,000 | 27,000 | 130,000 |
Issuance of Class A Common Stock | ||||||||||||||||||||||||||||||||||||||||||||
0 | 0 | 1,000 | 1,000 | 5,000 | 0 | 0 | 0 | 4,000 | 2,000 | 1,000 | 1,000 | 2,000 | 12,000 | 6,000 | 10,000 | 6,000 | 1,000 | 8,000 | 14,000 | 17,000 | 49,000 | 30,000 | 42,000 | 57,000 | 58,000 | 71,000 | 29,000 | 41,000 | 98,000 | 33,000 | 18,000 | 30,000 | 25,000 | 37,000 | 17,000 | 45,000 | 120,000 | 24,000 | 37,000 | 17,000 | 17,000 | 2,000 | 6,000 | 2,000 |
Dividends paid | ||||||||||||||||||||||||||||||||||||||||||||
156,000 | 157,000 | 157,000 | 159,000 | 139,000 | 139,000 | 142,000 | 144,000 | 118,000 | 120,000 | 122,000 | 125,000 | 115,000 | 117,000 | 117,000 | 76,000 | 64,000 | 64,000 | 65,000 | 68,000 | 56,000 | 56,000 | 58,000 | 59,000 | 50,000 | 52,000 | 51,000 | 52,000 | 41,000 | 81,000 | 43,000 | 33,000 | 34,000 | 34,000 | 36,000 | 32,000 | 32,000 | 14,000 | 15,000 | 14,000 | 0 | 0 | 2,000 | 30,000 | 31,000 |
Purchase of treasury stock | ||||||||||||||||||||||||||||||||||||||||||||
150,000 | 432,000 | 600,000 | 431,000 | 797,000 | 337,000 | 840,000 | 858,000 | 815,000 | 908,000 | 777,000 | 746,000 | 582,000 | 320,000 | -1,000 | 1,000 | 248,000 | 96,000 | 714,000 | 678,000 | 429,000 | 556,000 | 297,000 | 337,000 | 320,000 | 190,000 | 146,000 | 281,000 | 217,000 | 261,000 | 334,000 | 414,000 | 136,000 | 200,000 | 557,000 | 368,000 | 300,000 | 57,000 | 0 | 0 | 0 | - | - | - | - |
Share-based compensation withholding taxes | ||||||||||||||||||||||||||||||||||||||||||||
95,000 | 16,000 | 9,000 | 28,000 | 95,000 | 0 | 4,000 | 6,000 | 95,000 | 13,000 | 9,000 | 36,000 | 99,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Other | ||||||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 58,000 | -12,000 | -70,000 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | 0 | 0 | -1,000 | -10,000 | 11,000 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Net cash provided by (used in) financing activities | ||||||||||||||||||||||||||||||||||||||||||||
850,000 | -501,000 | -403,000 | -481,000 | -123,000 | -453,000 | -652,000 | -859,000 | -410,000 | -1,465,000 | -550,000 | -1,058,000 | -823,000 | -766,000 | 2,470,000 | 120,000 | -327,000 | -428,000 | -394,000 | -844,000 | -224,000 | -311,000 | -202,000 | -254,000 | -166,000 | -143,000 | -69,000 | -474,000 | 103,000 | 174,000 | -397,000 | -393,000 | 198,000 | -220,000 | -382,000 | -321,000 | -322,000 | 147,000 | -176,000 | -335,000 | -133,000 | -347,000 | -188,000 | -155,000 | -128,000 |
INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH | ||||||||||||||||||||||||||||||||||||||||||||
1,529,000 | -47,000 | -20,000 | 20,000 | -60,000 | -53,000 | 10,000 | -340,000 | 314,000 | -105,000 | 19,000 | -254,000 | -118,000 | -212,000 | 399,000 | 580,000 | 3,000 | 1,000 | -45,000 | 20,000 | 16,000 | -46,000 | -42,000 | 8,000 | 58,000 | -18,000 | 36,000 | -113,000 | 133,000 | -17,000 | 0 | -185,000 | 188,000 | -118,000 | 103,000 | -27,000 | -361,000 | 282,000 | 123,000 | -18,000 | 3,000 | -15,000 | 5,000 | -43,000 | 34,000 |
Loyalty Program [Member] | ||||||||||||||||||||||||||||||||||||||||||||
Liability for guest loyalty program | ||||||||||||||||||||||||||||||||||||||||||||
126,000 | 94,000 | -63,000 | 174,000 | 52,000 | 105,000 | 55,000 | 152,000 | 208,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |