REVENUES Base management fees Franchise fees Incentive management fees Gross fee revenues Contract investment amortization Net fee revenues Owned, leased, and other revenue Cost reimbursement revenue (¹) OPERATING COSTS AND EXPENSES Owned, leased, and other-direct Depreciation, amortization, and other General, administrative, and other Restructuring and merger-related charges Reimbursed expenses (1) OPERATING INCOME Gains and other income, net Loss on extinguishment of debt ($ in millions, except per share amounts) 2021 Interest expense Interest income Equity in (losses) earnings (1) INCOME (LOSS) BEFORE INCOME TAXES (Provision) benefit for income taxes NET INCOME (LOSS) EARNINGS (LOSS) PER SHARE Earnings (loss) per share - basic Earnings (loss) per share - diluted $ $ $ SASA $ 669 $ 1,790 235 2,694 (75) 2,619 796 10,442 13,857 734 220 823 8 10,322 12,107 1,750 10 (164) (420) 28 (24) 1,180 (81) 1,099 $ 3.36 $ 3.34 $ 2020 443 $ 1,153 87 1,683 (132) 1,551 568 8,452 10,571 677 346 762 267 8,435 10,487 84 9 (445) 27 (141) (466) 199 (267) S (0.82) S (0.82) $ 2019 1,180 2,006 637 3,823 (62) 3,761 1,612 15,599 20,972 1,316 341 938 138 16,439 19,172 1,800 154 (394) 26 13 1,599 (326) 1,273 3.83 3.80

REVENUES Base management fees Franchise fees Incentive management fees Gross fee revenues Contract investment amortization Net fee revenues Owned, leased, and other revenue Cost reimbursement revenue (¹) OPERATING COSTS AND EXPENSES Owned, leased, and other-direct Depreciation, amortization, and other General, administrative, and other Restructuring and merger-related charges Reimbursed expenses (1) OPERATING INCOME Gains and other income, net Loss on extinguishment of debt ($ in millions, except per share amounts) 2021 Interest expense Interest income Equity in (losses) earnings (1) INCOME (LOSS) BEFORE INCOME TAXES (Provision) benefit for income taxes NET INCOME (LOSS) EARNINGS (LOSS) PER SHARE Earnings (loss) per share - basic Earnings (loss) per share - diluted $ $ $ SASA $ 669 $ 1,790 235 2,694 (75) 2,619 796 10,442 13,857 734 220 823 8 10,322 12,107 1,750 10 (164) (420) 28 (24) 1,180 (81) 1,099 $ 3.36 $ 3.34 $ 2020 443 $ 1,153 87 1,683 (132) 1,551 568 8,452 10,571 677 346 762 267 8,435 10,487 84 9 (445) 27 (141) (466) 199 (267) S (0.82) S (0.82) $ 2019 1,180 2,006 637 3,823 (62) 3,761 1,612 15,599 20,972 1,316 341 938 138 16,439 19,172 1,800 154 (394) 26 13 1,599 (326) 1,273 3.83 3.80

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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