Cash flow Statement (Annual, GAAP
in millions $) |
(FY 2003) 12 Months |
(FY 2002) 12 Months |
(FY 2001) 12 Months |
(FY 2000) 12 Months |
(Dec 31 2011) 12 Months |
Income |
1,172.00 |
846.00 |
385.00 |
602.00 |
-29.00 |
Depreciation & amortization |
2,549.00 |
2,249.00 |
1,888.00 |
321.00 |
- |
Amortization of Other Assets |
913.00 |
468.00 |
248.00 |
153.00 |
- |
Impairment of assets
|
- |
454.00 |
491.00 |
- |
- |
Special charges net of payments |
- |
-2,615.00 |
-43.00 |
-33.00 |
- |
Accounting change |
- |
- |
- |
- |
- |
Inventories Decrease /-Increase |
- |
- |
- |
- |
- |
Deferred contract costs |
- |
- |
- |
- |
- |
Sale of Assets |
- |
- |
- |
- |
- |
Share-based Compensation |
- |
- |
-417.00 |
8.00 |
- |
Deferred income |
-85.00 |
-210.00 |
-162.00 |
-79.00 |
- |
Gains (Losses) on Extinguishment of Debt |
-163.00 |
43,459.00 |
40,643.00 |
24,428.00 |
- |
Vehicle Depreciation |
- |
- |
- |
- |
- |
Gain Loss On Sale Of Vehicles |
- |
- |
- |
- |
- |
Non Vehicle Related Depreciation And Amortization |
- |
- |
- |
- |
- |
Non Cash Charge On Unfavorable License Rights Reacquired With Acquisition With Subsidiaries |
- |
- |
- |
- |
- |
Reimbursement From Realogy And Wyndham For Taxes Paid |
- |
- |
- |
- |
- |
Increase Decrease In Income Taxes And Deferred Income Taxes |
- |
- |
- |
- |
- |
Increase Decrease In Operating Lease Liabilities |
- |
- |
- |
- |
- |
Income taxes |
745.00 |
484.00 |
217.00 |
344.00 |
32.00 |
Losses/ -gains on investments net |
- |
- |
110.00 |
- |
- |
Increase (Decrease) in Receivables |
32.00 |
-74.00 |
10.00 |
198.00 |
29.00 |
Increase (Decrease) in Accounts Payable and Accrued Liabilities |
-171.00 |
-17.00 |
232.00 |
-213.00 |
20.00 |
Accrued liabilities |
- |
- |
- |
- |
- |
Mortgage loans |
1,528.00 |
-44,017.00 |
-40,963.00 |
-24,196.00 |
- |
Increase (Decrease) in Deferred Income Taxes |
200.00 |
- |
- |
- |
-18.00 |
Other Working Capital |
- |
- |
- |
- |
171.00 |
Other Noncash Expense |
- |
- |
- |
- |
- |
Other net |
189.00 |
230.00 |
148.00 |
-197.00 |
- |
Payments for (Proceeds from) Other Operating Activities |
- |
- |
- |
- |
- |
Discontinued operations |
293.00 |
- |
- |
- |
- |
Net Cash flow from
Operating Activities |
7,202.00 |
1,257.00 |
2,787.00 |
1,336.00 |
1,578.00 |
Capital Expenditures |
-463.00 |
-399.00 |
-329.00 |
-192.00 |
- |
Sale of Capital Items |
- |
- |
- |
- |
14.00 |
Short-term investments - liq. |
4.00 |
29.00 |
36.00 |
379.00 |
- |
Short-term investments - acq. |
-63.00 |
-27.00 |
-136.00 |
-531.00 |
- |
Management mortgage programs |
- |
- |
- |
- |
- |
Net Assets Acquired Net Of Cash Acquired And Acquisition Related Payments |
- |
- |
- |
- |
- |
Proceeds Received On Disposition Of Vehicles |
- |
- |
- |
- |
- |
Payments To Acquire Available For Sale Securities Debt Related Party |
- |
- |
- |
- |
- |
Proceeds From Sale Of Available For Sale Securities Debt Related Party |
- |
- |
- |
- |
- |
Vehicle Programs Other Net |
- |
- |
- |
- |
- |
Net Cash Used In Investing Activities Of Vehicle Programs |
- |
- |
- |
- |
- |
Payments to Acquire Restricted Investments |
-703.00 |
-646.00 |
-744.00 |
-694.00 |
- |
Equity advances |
-64.00 |
60.00 |
34.00 |
372.00 |
- |
Investment in other Assets |
-14,782.00 |
-17,168.00 |
-14,906.00 |
- |
- |
Proceeds from Investment in Assets |
13,026.00 |
15,141.00 |
13,324.00 |
- |
- |
Timeshare receivables |
-216.00 |
-72.00 |
41.00 |
- |
- |
Payments to Acquire Businesses, Net of Cash Acquired |
-327.00 |
-1,371.00 |
-2,757.00 |
-106.00 |
- |
Proceeds from Collection of Advance to Affiliate |
- |
- |
- |
- |
- |
Cash Divested from Deconsolidation |
- |
1,151.00 |
109.00 |
4.00 |
- |
Proceeds from sale of assets |
133.00 |
- |
- |
- |
- |
Payments for Advance to Affiliate |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Other Investing Activities |
55.00 |
1,385.00 |
-1,129.00 |
-374.00 |
-7.00 |
Other Net |
- |
- |
- |
- |
-7,261.00 |
Discontinued operations |
- |
- |
- |
- |
- |
Net Cash flow from
Investing Activities |
-3,400.00 |
-1,917.00 |
-6,457.00 |
-1,142.00 |
-2,373.00 |
Short-term debt Net |
-702.00 |
-114.00 |
116.00 |
913.00 |
-97.00 |
Other borrowing transactions |
- |
- |
- |
- |
-78.00 |
Long-term debt - borrowings |
30,350.00 |
15,808.00 |
15,068.00 |
4,133.00 |
- |
Long-term debt - repayments |
-31,974.00 |
-16,725.00 |
-11,011.00 |
-6,217.00 |
- |
Noncontrolling interest |
- |
- |
- |
- |
- |
Issuances/ -repurchases
of Comm. Stock |
-644.00 |
-176.00 |
623.00 |
222.00 |
- |
Exercise of stock options |
- |
- |
- |
- |
- |
Issuances/ -repurchases
of Pref. Stock |
- |
- |
- |
466.00 |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Other financing activities net |
-111.00 |
-64.00 |
-153.00 |
- |
- |
Other net |
- |
- |
- |
- |
131.00 |
Proceeds From Borrowings |
- |
- |
- |
- |
- |
Principal Payments On Borrowings |
- |
- |
- |
- |
- |
Net Change In Short Term Borrowings |
- |
- |
- |
- |
- |
Vehicle Programs Payments Of Financing Costs |
- |
- |
- |
- |
- |
Net Cash Provided By Used In Vehicle Programs |
- |
- |
- |
- |
- |
Proceeds From Long Term Borrowings |
- |
- |
- |
- |
- |
Principal Payments On Long Term Borrowings |
- |
- |
- |
- |
- |
Dividends paid to minority interests |
- |
- |
- |
- |
- |
Dividends paid |
- |
- |
- |
- |
- |
Net Cash flow from
Financing Activities |
-3,081.00 |
-1,271.00 |
4,643.00 |
-483.00 |
424.00 |
Effect of exchange rate on cash flow |
-7.00 |
41.00 |
-8.00 |
-6.00 |
-6.00 |
Discontinued operations |
- |
74.00 |
121.00 |
89.00 |
- |
Free
Cash Flow |
6,739.00 |
858.00 |
2,458.00 |
1,144.00 |
1,592.00 |
Total Cash Flow |
714.00 |
-1,816.00 |
1,086.00 |
-206.00 |
-377.00 |
Cash & cash equiv. at beg.
of the Year |
126.00 |
1,942.00 |
856.00 |
1,062.00 |
911.00 |
Cash & cash equivalents at
end of period |
840.00 |
126.00 |
1,942.00 |
856.00 |
- |
Cash Interests paid |
806.00 |
- |
- |
- |
465.00 |
Cash Income taxes paid |
2.00 |
- |
- |
- |
51.00 |