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Selected Quarterly Financial Data Selected Quarterly Financial Data (Tables)
12 Months Ended
Dec. 31, 2012
Selected Quarterly Financial Data [Abstract]  
Summary OF Selected Quarterly Financial Data
Provided below is selected unaudited quarterly financial data for 2012 and 2011.
 
 
2012
 
 
First
 
Second
 
Third
 
Fourth
 
Net revenues
 
 
 
 
 
 
 
 
Lodging
$
185

  
$
233

  
$
249

  
$
223

  
Vacation Exchange and Rentals
361


348

  
420

  
293

  
Vacation Ownership
501

  
570

  
608

  
590

  
Corporate and Other (*)
(11
)
 
(12
)
 
(12
)
 
(12
)
 
 
$
1,036

  
$
1,139

  
$
1,265

  
$
1,094

  
EBITDA
 
 
 
 
 
 
 
 
Lodging
$
49

  
$
75


$
86

  
$
62

  
Vacation Exchange and Rentals
95

 
82

  
123

 
28

 
Vacation Ownership
103

  
150

  
154

 
142

  
Corporate and Other (*)
(21
)
 
(25
)
 
(30
)
  
(28
)
 
 
226

  
282

  
333

  
204

  
Less:   Depreciation and amortization
45

  
46

  
45

  
49

  
Interest expense
33


32

  
32

 
35

 
Early extinguishment of debt
106



 
2



 
Interest income
(2
)
 
(2
)
 
(2
)
 
(2
)
  
Income before income taxes
44

  
206

  
256

  
122

  
Provision for income taxes
13

  
78

  
97

  
41

  
Net income
31

  
128

  
159

  
81

  
Net loss attributable to noncontrolling interest
1

 

 

 

 
Net income attributable to Wyndham shareholders
$
32

 
$
128

 
$
159

 
$
81

 
Per share information
 
 
 
 
 
 
 
 
Basic
$
0.22

  
$
0.89

  
$
1.13

  
$
0.58

  
Diluted
0.21

  
0.88

  
1.11

  
0.57

  
Weighted average diluted shares outstanding
149

 
147

 
144

 
141

 
 
(*)    Includes the elimination of transactions between segments.
 
2011
 
 
First
 
Second
 
Third
 
Fourth
 
Net revenues
 
 
 
 
 
 
 
 
Lodging
$
149

  
$
190

  
$
222

  
$
188

  
Vacation Exchange and Rentals
356

  
361

  
436

  
291

  
Vacation Ownership
450

  
541

  
559

  
527

  
Corporate and Other (*)
(3
)
 
(2
)
 
(5
)
 
(6
)
 
 
$
952

  
$
1,090

  
$
1,212

  
$
1,000

  
EBITDA
 
 
 
 
 
 
 
 
Lodging
$
27

 
$
66

  
$
67

  
$
(3
)
 
Vacation Exchange and Rentals
93

  
106

 
131

 
38

  
Vacation Ownership
97

 
130

  
149

  
139

  
Corporate and Other (*)
(14
)
 
(26
)
 
(18
)
 
(26
)
 
 
203

  
276

  
329

  
148

  
Less:   Depreciation and amortization
45

  
45

  
43

  
45

  
Interest expense
33

  
36

 
34

  
37

  
Early extinguishment of debt
11

 
1

 

 

 
Interest income
(2
)
 
(2
)
 
(19
)
 
(1
)
 
Income before income taxes
116

  
196

  
271

  
67

  
Provision for income taxes
44

  
82

  
96

 
11

  
Net income attributable to Wyndham shareholders
$
72

 
$
114

 
$
175

 
$
56

 
Per share information
 
 
 
 
 
 
 
 
Basic
$
0.42

  
$
0.68

  
$
1.10

  
$
0.37

  
Diluted
0.41

  
0.67

  
1.08

  
0.37

  
Weighted average diluted shares outstanding
179

  
170

  
162

  
154

  
 
 
(*)    Includes the elimination of transactions between segments.