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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
6 Months Ended 12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating Activities:          
Net income $ 420 $ 380 $ 769 $ 1,089 $ 354
Amortization of contract acquisition costs 14 14      
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]          
Amortization of Acquisition Costs 14 14 27 17 16
Depreciation and amortization from continuing and discontinued operations     325 336 673
Depreciation and amortization 170 161   336 353
Gain (loss) on sales of assets, net, including discontinued operations     0 0 (9)
Foreign Currency Transaction Gain (Loss), before Tax from Continuing Operations and Discontinued Operations     (11) 3 (13)
Gain (loss) on foreign currency transactions (3) (1) (11) 3 (16)
Loss on debt extinguishment     0 60 0
Share-based compensation 81 68 127 121 91
Amortization of deferred financing costs and other     16 15 32
Distributions from unconsolidated affiliates     4 1 22
Deferred Income Tax Expense (Benefit) from Continuing and Discontinued Operations     (14) (729) (85)
Deferred income taxes 1 (39) (14) (729) (97)
Contract acquisition costs (43) (38) (103) (75) (55)
Accounts receivable, net     (161) (204) (156)
Prepaid expenses     (39) (11) (20)
Increase taxes receivable     17 (24) 84
Other current assets     (4) 0 (2)
Accounts payable, accrued expenses and other     139 25 248
Income taxes payable     9 (42) 28
Change in timeshare financing receivables     0 0 (54)
Change in deferred revenue     (18) 334 534
Change in liability for guest loyalty program     207 29 154
Change in other liabilities     (53) (95) (247)
Other 4 (15) (4) 5 (311)
Net cash used in operating activities 650 532 1,255 849 1,310
Investing Activities:          
Capital expenditures for property and equipment (46) (28) (72) (58) (317)
Payments received on other financing receivables     50 7 3
Capitalized software costs (44) (38) (87) (75) (81)
Other (5) (9) (22) (21) (28)
Net cash used in investing activities (95) (75) (131) (147) (423)
Financing Activities:          
Borrowings 1,795 1,650 1,676 1,824 4,715
Repayment of debt (1,317) (672) (1,005) (1,860) (4,359)
Payments of debt issuance costs and redemption premium     21 69 76
Debt issuance costs (27) (21)      
Dividends paid (87) (92) (181) (195) (277)
Cash transferred in spin-offs of Park and HGV     0 (501) 0
Repurchase of common stock (653) (1,439) (1,721) (891) 0
Distributions to noncontrolling interests     (1) (1) (32)
Tax withholding for share-based compensation (34) (42) (44) (31) (15)
Acquisition of noncontrolling interest     (3) 0 0
Net cash Provided used in financing activities (323) (616) (1,300) (1,724) (44)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations 2 (6) (10) 8 (15)
Effect of exchange rate changes on cash, restricted cash and cash equivalents 2 (6)      
Net increase (decrease) in cash, restricted cash and cash equivalents 234 (165) (186) (1,014) 828
Cash, restricted cash and cash equivalents from continuing operations, beginning of period 484 670 670 1,183 633
Cash, restricted cash and cash equivalents from discontinued operations, beginning of period 0 0 0 501 223
Cash, restricted cash and cash equivalents, beginning of period 484 670 670 1,684 856
Cash, restricted cash and cash equivalents from continuing operations, end of period 718 505 484 670 1,183
Cash, restricted cash and cash equivalents from discontinued operations, end of period     0 0 501
Cash, restricted cash and cash equivalents, end of period     484 670 1,684
Interest 190 149      
Income Taxes Paid, Net $ 157 $ 149 $ 288 $ 526 $ 677