WYNDHAM DESTINATIONS, INC. WYND Cash Flow

Wyndham destinations, inc. (WYND)
CashFlow / TTM

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	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Operating activities
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
293,000	507,000	451,000	464,000	718,000	672,000	976,000	1,092,000	799,000	855,000	603,000	536,000	606,000	612,000	589,000	581,000	586,000	612,000	551,000	567,000	561,000	529,000	535,000	517,000	496,000	433,000	427,000	400,000	395,000	399,000	375,000	390,000	376,000	417,000	440,000	420,000	401,000	379,000	0	0	0
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-50,000	-80,000	85,000	239,000	209,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax
19,000	18,000	9,000	29,000	455,000	456,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adjustments to reconcile net (loss)/income to net cash provided by operating activities:
Depreciation and amortization
121,000	121,000	123,000	124,000	132,000	138,000	141,000	144,000	122,000	136,000	40,000	67,000	116,000	127,000	201,000	198,000	193,000	187,000	231,000	232,000	233,000	233,000	231,000	225,000	220,000	216,000	209,000	200,000	192,000	185,000	181,000	179,000	178,000	178,000	178,000	178,000	174,000	173,000	0	0	0
Provision for loan losses
685,000	479,000	479,000	476,000	473,000	456,000	451,000	443,000	427,000	420,000	405,000	384,000	364,000	342,000	320,000	295,000	265,000	248,000	244,000	236,000	246,000	260,000	274,000	305,000	325,000	349,000	364,000	387,000	397,000	409,000	404,000	376,000	356,000	339,000	337,000	325,000	333,000	340,000	0	0	0
Deferred income taxes
15,000	79,000	74,000	75,000	116,000	122,000	-357,000	-344,000	-456,000	-397,000	43,000	26,000	110,000	72,000	81,000	92,000	54,000	40,000	55,000	29,000	45,000	47,000	46,000	70,000	98,000	64,000	64,000	67,000	43,000	62,000	47,000	40,000	65,000	70,000	76,000	87,000	84,000	76,000	0	0	0
Stock-based compensation
20,000	24,000	25,000	32,000	116,000	129,000	140,000	141,000	62,000	59,000	45,000	48,000	58,000	57,000	66,000	65,000	57,000	58,000	58,000	55,000	56,000	57,000	58,000	59,000	58,000	53,000	48,000	46,000	42,000	41,000	42,000	41,000	43,000	42,000	40,000	40,000	38,000	39,000	0	0	0
Asset impairments
46,000	36,000	0	0	0	-	-	-	-	205,000	140,000	140,000	5,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	57,000	0	0	0	-	-	-	-
Excess Tax Benefit from Share-based Compensation, Operating Activities
-	-	-	-	-	-	-	-	-	-	-	-	-	9,000	8,000	8,000	6,000	17,000	17,000	32,000	32,000	34,000	36,000	22,000	22,000	15,000	19,000	19,000	20,000	33,000	28,000	27,000	26,000	18,000	17,000	18,000	18,000	14,000	0	0	0
Non-cash lease expense
29,000	31,000	24,000	15,000	8,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on early extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-11,000	-11,000	-11,000	-11,000	0	0	0	0	-	-	-	-	-106,000	-106,000	-108,000	-108,000	-107,000	-107,000	-105,000	-106,000	-12,000	0	0	0	-	-	-	-
Non-cash interest
21,000	21,000	23,000	22,000	20,000	20,000	18,000	19,000	21,000	22,000	23,000	23,000	24,000	23,000	22,000	22,000	21,000	22,000	23,000	23,000	23,000	23,000	22,000	22,000	22,000	26,000	26,000	25,000	26,000	22,000	23,000	24,000	25,000	27,000	30,000	36,000	41,000	60,000	0	0	0
Net change in assets and liabilities, excluding the impact of acquisitions and dispositions:
Trade receivables
-34,000	15,000	13,000	8,000	18,000	27,000	31,000	29,000	-2,000	-7,000	27,000	5,000	-171,000	-1,000	7,000	22,000	19,000	24,000	48,000	41,000	25,000	29,000	28,000	23,000	109,000	63,000	49,000	48,000	37,000	19,000	9,000	20,000	-38,000	-20,000	-5,000	-4,000	50,000	-14,000	0	0	0
Vacation ownership contract receivables
486,000	562,000	622,000	633,000	635,000	615,000	0	0	0	-	-	-	417,000	405,000	377,000	348,000	324,000	295,000	278,000	248,000	229,000	221,000	240,000	246,000	256,000	255,000	227,000	249,000	260,000	303,000	303,000	277,000	256,000	207,000	190,000	179,000	173,000	202,000	0	0	0
Inventory
9,000	-13,000	-3,000	-6,000	6,000	27,000	40,000	82,000	78,000	71,000	84,000	64,000	57,000	26,000	30,000	41,000	25,000	25,000	83,000	43,000	40,000	17,000	-57,000	-29,000	-44,000	-32,000	-52,000	-84,000	-80,000	-95,000	-76,000	-61,000	-91,000	-79,000	-69,000	-90,000	-68,000	-54,000	0	0	0
Deferred income
-17,000	10,000	13,000	-7,000	9,000	7,000	14,000	22,000	22,000	11,000	22,000	-73,000	-78,000	-5,000	10,000	33,000	30,000	16,000	6,000	-2,000	-8,000	38,000	15,000	36,000	87,000	39,000	54,000	63,000	16,000	-7,000	-10,000	-29,000	-21,000	-20,000	-16,000	-13,000	-49,000	-82,000	0	0	0
Prepaid expenses
-	-	-	-	-	-	-	-	-	-	-	-	3,000	-5,000	16,000	17,000	4,000	11,000	7,000	16,000	30,000	3,000	8,000	9,000	10,000	30,000	25,000	33,000	5,000	-8,000	-2,000	0	19,000	19,000	2,000	-12,000	-9,000	-12,000	0	0	0
Other assets
-	-	-	-	-	-	-	-	-	-	-	-	80,000	10,000	2,000	-26,000	-6,000	-32,000	-13,000	-25,000	-23,000	12,000	-24,000	-26,000	15,000	0	1,000	37,000	-18,000	2,000	20,000	37,000	16,000	-9,000	0	17,000	23,000	4,000	0	0	0
Accounts payable, accrued expenses, prepaid expenses, other assets and other liabilities
-259,000	-151,000	-152,000	-53,000	-28,000	-146,000	30,000	-34,000	-104,000	-6,000	-274,000	-356,000	-256,000	-70,000	51,000	30,000	68,000	80,000	121,000	97,000	90,000	84,000	88,000	48,000	95,000	46,000	9,000	90,000	29,000	18,000	15,000	76,000	20,000	41,000	39,000	-33,000	-28,000	-52,000	0	0	0
Due to former Parent and subsidiaries, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,000	-2,000	-5,000	-15,000	-32,000	-192,000	-189,000	-179,000	0	0	0
Payments of development advance notes
-	-	-	-	-	-	-	-	-	-	-	-	10,000	-	8,000	7,000	8,000	9,000	10,000	13,000	20,000	18,000	26,000	23,000	17,000	65,000	65,000	64,000	61,000	14,000	0	0	0	-	-	-	-	-	-	-	-
Proceeds from development advance notes
-	-	-	-	-	-	-	-	-	-	-	-	5,000	-	1,000	0	2,000	6,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-15,000	-9,000	-23,000	-17,000	-12,000	-7,000	0	0	0	-	-	-	33,000	24,000	11,000	24,000	-19,000	-1,000	1,000	-11,000	26,000	6,000	5,000	2,000	-8,000	1,000	-5,000	-21,000	-17,000	-14,000	-9,000	-10,000	-3,000	9,000	29,000	9,000	1,000	-3,000	0	0	0
Net cash provided by operating activities - continuing operations
-	-	-	-	-	292,000	441,000	362,000	354,000	500,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in)/provided by operating activities - discontinued operations
-1,000	-1,000	-1,000	-63,000	-6,000	150,000	236,000	267,000	527,000	486,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
357,000	452,000	407,000	402,000	461,000	442,000	677,000	629,000	881,000	986,000	841,000	919,000	940,000	963,000	960,000	960,000	999,000	991,000	902,000	928,000	922,000	984,000	1,049,000	1,043,000	1,049,000	1,008,000	1,054,000	1,115,000	1,050,000	1,004,000	951,000	954,000	1,002,000	1,003,000	967,000	774,000	659,000	635,000	0	0	0
Investing activities
Property and equipment additions
109,000	108,000	111,000	108,000	105,000	99,000	94,000	97,000	93,000	107,000	57,000	78,000	102,000	117,000	168,000	167,000	176,000	189,000	243,000	249,000	245,000	235,000	234,000	232,000	243,000	238,000	238,000	234,000	216,000	208,000	209,000	221,000	231,000	239,000	220,000	200,000	172,000	167,000	0	0	0
Acquisition of business, net of cash acquired
-	-	-	-	-	5,000	26,000	48,000	53,000	48,000	11,000	26,000	21,000	21,000	35,000	6,000	35,000	95,000	113,000	106,000	80,000	34,000	19,000	18,000	17,000	129,000	187,000	391,000	389,000	263,000	0	0	0	-	-	-	-	236,000	0	0	0
Proceeds from asset sales
0	6,000	7,000	18,000	18,000	12,000	0	0	0	-	-	-	-	16,000	12,000	1,000	17,000	21,000	30,000	27,000	11,000	11,000	5,000	11,000	10,000	6,000	0	0	0	-	-	-	-	31,000	26,000	22,000	35,000	20,000	0	0	0
Equity investments and loans
-	-	-	-	-	-	-	-	-	-	-	-	4,000	-	4,000	4,000	3,000	5,000	10,000	15,000	16,000	8,000	10,000	3,000	1,000	3,000	0	42,000	43,000	42,000	46,000	8,000	10,000	12,000	2,000	-3,000	0	0	0	0	0
(Increase)/decrease in securitization restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	4,000	4,000	-12,000	-19,000	-30,000	-29,000	-20,000	-15,000	-22,000	-11,000	-3,000	-4,000	5,000	-6,000	-15,000	-24,000	51,000	5,000	0	0	0
Increase in escrow deposit restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,000	0	12,000	5,000	-1,000	-1,000	-12,000	-10,000	-5,000	9,000	-2,000	2,000	0	15,000	13,000	5,000	16,000	7,000	6,000	5,000	6,000	25,000	17,000	12,000	0	0	0
Other, net
-7,000	-3,000	-4,000	3,000	6,000	8,000	6,000	21,000	5,000	2,000	20,000	5,000	18,000	18,000	0	0	0	-	-	-	5,000	4,000	2,000	1,000	0	-1,000	-4,000	-2,000	-3,000	-1,000	3,000	-5,000	2,000	5,000	0	0	0	-	-	-	-
Net cash used in investing activities - continuing operations
-47,000	-44,000	-150,000	-92,000	-92,000	-99,000	-112,000	-160,000	-143,000	-151,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities - discontinued operations
5,000	-22,000	24,000	24,000	-645,000	-626,000	-832,000	-857,000	-228,000	-211,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-42,000	-66,000	-126,000	-68,000	-737,000	-725,000	-944,000	-1,017,000	-371,000	-362,000	-328,000	-275,000	-277,000	-346,000	-230,000	-209,000	-243,000	-302,000	-335,000	-349,000	-337,000	-276,000	-269,000	-256,000	-236,000	-401,000	-459,000	-728,000	-696,000	-519,000	-474,000	-248,000	-275,000	-256,000	-317,000	-339,000	-352,000	-418,000	0	0	0
Financing activities
Proceeds from non-recourse vacation ownership debt
1,831,000	2,253,000	2,827,000	2,966,000	3,388,000	2,977,000	2,736,000	2,106,000	1,670,000	2,002,000	1,669,000	2,021,000	2,029,000	2,079,000	2,005,000	1,890,000	1,841,000	1,712,000	1,935,000	2,019,000	2,004,000	2,143,000	1,943,000	1,898,000	1,932,000	1,734,000	1,661,000	1,615,000	1,562,000	1,723,000	1,731,000	1,707,000	1,687,000	1,709,000	1,688,000	1,718,000	1,917,000	1,697,000	0	0	0
Principal payments on non-recourse vacation ownership debt
1,868,000	2,068,000	2,518,000	2,678,000	2,901,000	2,713,000	2,547,000	2,072,000	1,841,000	2,053,000	1,771,000	2,002,000	2,020,000	2,044,000	1,994,000	1,930,000	1,876,000	1,747,000	1,765,000	1,815,000	1,794,000	1,887,000	1,890,000	1,865,000	1,947,000	1,785,000	1,696,000	1,612,000	1,568,000	1,624,000	1,538,000	1,539,000	1,501,000	1,497,000	1,573,000	1,577,000	1,601,000	1,554,000	0	0	0
Proceeds from debt
3,133,000	2,677,000	2,552,000	2,272,000	2,375,000	3,203,000	3,091,000	3,346,000	2,521,000	1,629,000	1,375,000	626,000	631,000	112,000	103,000	104,000	104,000	110,000	179,000	176,000	170,000	164,000	95,000	139,000	228,000	405,000	550,000	1,227,000	1,359,000	1,991,000	2,159,000	2,184,000	2,110,000	2,112,000	2,197,000	1,906,000	2,141,000	1,525,000	0	0	0
Principal payments on debt
2,309,000	2,892,000	2,509,000	2,225,000	3,604,000	3,520,000	3,379,000	3,180,000	1,294,000	1,293,000	0	0	676,000	-	151,000	152,000	147,000	165,000	222,000	218,000	216,000	211,000	201,000	212,000	296,000	411,000	706,000	1,223,000	1,330,000	2,172,000	2,097,000	2,216,000	2,108,000	2,082,000	2,081,000	1,865,000	2,347,000	1,837,000	0	0	0
Repayments of commercial paper, net
-	-	-	-	-	-147,000	-100,000	-355,000	-85,000	-280,000	-304,000	-53,000	-122,000	318,000	318,000	-68,000	-3,000	-79,000	-151,000	370,000	164,000	-21,000	73,000	-61,000	-19,000	-63,000	165,000	168,000	202,000	273,000	0	0	0	-	-	-	-	-	-	-	-
Proceeds from notes issued and term loan
-	-	-	-	-	-	-	-	-	694,000	694,000	694,000	694,000	325,000	325,000	673,000	673,000	348,000	0	0	0	-	-	-	-	843,000	843,000	843,000	843,000	941,000	941,000	941,000	941,000	245,000	245,000	492,000	492,000	494,000	0	0	0
Repayment of notes
43,000	3,000	3,000	3,000	327,000	790,000	789,000	789,000	464,000	300,000	300,000	300,000	300,000	327,000	327,000	327,000	327,000	0	0	0	0	-	-	-	-	636,000	636,000	638,000	638,000	757,000	757,000	755,000	506,000	0	0	0	0	-	-	-	-
Proceeds from Sale of Assets, Financing Activities
-	-	-	-	-	-	-	-	-	-	-	-	-	20,000	25,000	90,000	71,000	70,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of vacation ownership inventory arrangement
10,000	12,000	12,000	12,000	12,000	12,000	12,000	26,000	26,000	41,000	41,000	43,000	43,000	26,000	28,000	12,000	12,000	7,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends to shareholders
167,000	166,000	165,000	164,000	166,000	194,000	212,000	231,000	248,000	242,000	238,000	233,000	227,000	223,000	218,000	213,000	208,000	202,000	196,000	190,000	185,000	179,000	173,000	169,000	163,000	156,000	151,000	144,000	138,000	134,000	125,000	116,000	109,000	99,000	97,000	95,000	91,000	86,000	0	0	0
Proceeds from call options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-155,000	0	0	0	-	-	-	-
Repurchase of warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	112,000	0	0	0	-	-	-	-
Repurchase of common stock
407,000	340,000	319,000	332,000	315,000	330,000	378,000	422,000	528,000	599,000	597,000	599,000	598,000	619,000	642,000	655,000	672,000	658,000	654,000	660,000	648,000	646,000	597,000	589,000	610,000	593,000	628,000	602,000	610,000	631,000	696,000	865,000	879,000	893,000	720,000	536,000	389,000	235,000	0	0	0
Proceeds from stock option exercises
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,000	13,000	14,000	17,000	11,000	15,000	34,000	39,000	40,000	0	0	0
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	9,000	8,000	8,000	6,000	17,000	17,000	32,000	32,000	34,000	36,000	22,000	22,000	15,000	19,000	19,000	20,000	33,000	28,000	27,000	26,000	18,000	17,000	18,000	18,000	14,000	0	0	0
Debt issuance costs
18,000	22,000	22,000	19,000	25,000	20,000	16,000	12,000	4,000	10,000	12,000	19,000	19,000	20,000	20,000	19,000	19,000	21,000	21,000	22,000	22,000	19,000	19,000	18,000	24,000	23,000	23,000	24,000	18,000	20,000	21,000	25,000	28,000	27,000	33,000	27,000	28,000	41,000	0	0	0
Net share settlement of incentive equity awards
5,000	4,000	8,000	-6,000	28,000	60,000	61,000	72,000	41,000	39,000	36,000	36,000	36,000	36,000	34,000	35,000	31,000	42,000	43,000	61,000	61,000	64,000	68,000	50,000	50,000	31,000	37,000	38,000	39,000	55,000	0	0	0	-	-	-	-	-	-	-	-
Other, net
-	-	-	-	-	-4,000	-6,000	-6,000	-7,000	-4,000	1,000	0	2,000	-1,000	-2,000	-3,000	-3,000	-3,000	-2,000	0	-2,000	0	0	0	0	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Net cash used in financing activities - continuing operations
-	-	-	-	-	-1,786,000	-1,868,000	-1,908,000	-347,000	-536,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities - discontinued operations
0	0	0	0	2,072,000	2,066,000	2,062,000	2,055,000	-19,000	-22,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by/(used in) financing activities
425,000	-289,000	-224,000	-237,000	143,000	280,000	194,000	147,000	-366,000	-558,000	-548,000	-644,000	-682,000	-586,000	-640,000	-657,000	-611,000	-675,000	-530,000	-384,000	-573,000	-701,000	-789,000	-897,000	-831,000	-605,000	-555,000	-321,000	-366,000	-431,000	-419,000	-700,000	-654,000	-753,000	-638,000	-393,000	-303,000	-219,000	0	0	0
Effect of changes in exchange rates on cash, cash equivalents and restricted cash
-16,000	1,000	-7,000	-1,000	-9,000	-9,000	-5,000	0	15,000	17,000	7,000	-1,000	-20,000	-20,000	-17,000	-26,000	-7,000	-26,000	-30,000	-32,000	-35,000	-18,000	-8,000	15,000	4,000	-3,000	-3,000	-10,000	-10,000	-1,000	-1,000	-16,000	-8,000	-8,000	-7,000	15,000	7,000	3,000	0	0	0
Net change in cash, cash equivalents and restricted cash
724,000	98,000	50,000	96,000	-142,000	-12,000	-78,000	-241,000	159,000	83,000	-28,000	-1,000	-39,000	11,000	73,000	68,000	138,000	-12,000	7,000	163,000	-23,000	-11,000	-17,000	-95,000	-14,000	-1,000	37,000	56,000	-22,000	53,000	57,000	-10,000	65,000	-14,000	5,000	57,000	11,000	1,000	0	0	0