7Baggers
Quarterly
Annual
    Unit: USD2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 
      
    		                              
      operating activities
    		                              
      net income
    		88,000,000 61,000,000 85,000,000 102,000,000 86,000,000 16,000,000 49,000,000 103,000,000 70,000,000 67,000,000  101,000,000 92,000,000 106,000,000    24,000,000    22,000,000 64,000,000 46,000,000 26,000,000 21,000,000 44,000,000 57,000,000 22,000,000 39,000,000 
      adjustments to reconcile net income to net cash provided by/(used in) operating activities:
    		                              
      depreciation and amortization
    		16,000,000 15,000,000 17,000,000 17,000,000 17,000,000 20,000,000 20,000,000 19,000,000 18,000,000 19,000,000 19,000,000 18,000,000 16,000,000 24,000,000 25,000,000 23,000,000 23,000,000 24,000,000 25,000,000 24,000,000 24,000,000 25,000,000 28,000,000 25,000,000 27,000,000 29,000,000 28,000,000 30,000,000 22,000,000 19,000,000 
      development advance notes amortization
    		7,000,000 7,000,000                             
      benefit from doubtful accounts
    		4,000,000 2,000,000  1,000,000 0 1,000,000        1,000,000 6,000,000 1,000,000 3,000,000 11,000,000             
      impairment
    		  0 0 0 12,000,000                 0 0       
      deferred income taxes
    		-4,000,000 -1,000,000 9,000,000 -3,000,000 1,000,000 -3,000,000 -12,000,000   -1,000,000 -2,000,000 -5,000,000 -6,000,000 -26,000,000 -5,000,000 1,000,000 2,000,000 1,000,000 29,000,000 -5,000,000 -49,000,000 2,000,000 -2,000,000 -6,000,000 -9,000,000 3,000,000  -6,000,000 -7,000,000 2,000,000 
      stock-based compensation
    		9,000,000 10,000,000 12,000,000 11,000,000 12,000,000 10,000,000 11,000,000 10,000,000 9,000,000 9,000,000 8,000,000 8,000,000 9,000,000 8,000,000 8,000,000 7,000,000 8,000,000 5,000,000 6,000,000 5,000,000 6,000,000 4,000,000 5,000,000 4,000,000 6,000,000 5,000,000 8,000,000 13,000,000   
      loss on early extinguishment of debt
    		  0 0   0 0   0 0   0 0               
      net change in assets and liabilities:
    		                              
      trade receivables
    		-40,000,000 -8,000,000 8,000,000 -10,000,000 -26,000,000 -11,000,000 30,000,000 -16,000,000 -28,000,000 4,000,000 17,000,000 4,000,000 -22,000,000 17,000,000 35,000,000 6,000,000 -26,000,000 10,000,000 -6,000,000 -9,000,000 -18,000,000 -5,000,000 35,000,000 9,000,000 -52,000,000 -3,000,000 14,000,000 -43,000,000 -12,000,000 -14,000,000 
      prepaid expenses
    		13,000,000 -11,000,000 -5,000,000 0 -6,000,000 -7,000,000 -1,000,000 21,000,000 2,000,000 -17,000,000 -12,000,000 9,000,000 1,000,000 -4,000,000   0 -7,000,000 -3,000,000 9,000,000 3,000,000 -6,000,000 -2,000,000 14,000,000 -6,000,000 -14,000,000   8,000,000 -13,000,000 
      other current assets
    		0 1,000,000 0 -3,000,000 2,000,000 3,000,000 29,000,000 -11,000,000 -16,000,000 35,000,000 -43,000,000 -16,000,000 -4,000,000 60,000,000 -39,000,000 -10,000,000 -9,000,000 13,000,000 -5,000,000 9,000,000 5,000,000 -8,000,000 23,000,000 6,000,000 -21,000,000 -1,000,000 -3,000,000 -3,000,000 -3,000,000 -13,000,000 
      accounts payable, accrued expenses and other current liabilities
    		39,000,000 -18,000,000 -8,000,000 -15,000,000 -49,000,000 39,000,000 11,000,000 -22,000,000 47,000,000 -40,000,000 10,000,000 9,000,000 27,000,000 -32,000,000 21,000,000 12,000,000 30,000,000 -24,000,000 -51,000,000 56,000,000 -37,000,000 -14,000,000 -85,000,000 69,000,000 1,000,000 -13,000,000 3,000,000 50,000,000 28,000,000 4,000,000 
      deferred revenues
    		-24,000,000 53,000,000 29,000,000 -8,000,000 -9,000,000 24,000,000 0 -10,000,000 -4,000,000 24,000,000 2,000,000 4,000,000 -3,000,000 19,000,000 2,000,000 3,000,000 2,000,000 9,000,000             
      payments of development advance notes
    		-23,000,000 -28,000,000 -26,000,000 -24,000,000 -33,000,000 -31,000,000 -26,000,000 -16,000,000 -18,000,000 -13,000,000 -16,000,000 -23,000,000 -6,000,000 -7,000,000 -7,000,000 -9,000,000 -8,000,000 -8,000,000 -6,000,000 -5,000,000 -3,000,000 -3,000,000 -9,000,000 -2,000,000   -16,000,000 -10,000,000   
      other
    		-15,000,000 -24,000,000 6,000,000 11,000,000 3,000,000 3,000,000 8,000,000 4,000,000 -1,000,000 6,000,000 6,000,000 0 2,000,000 5,000,000 5,000,000 4,000,000 4,000,000 6,000,000 1,000,000 7,000,000 -3,000,000 2,000,000 7,000,000 -4,000,000 5,000,000 -6,000,000 -1,000,000 17,000,000 1,000,000 -8,000,000 
      net cash from operating activities
    		70,000,000 59,000,000 134,000,000 79,000,000 1,000,000 76,000,000 123,000,000 77,000,000 83,000,000 93,000,000 50,000,000 107,000,000 107,000,000 135,000,000 99,000,000   64,000,000 10,000,000 97,000,000 -57,000,000 17,000,000 91,000,000   7,000,000 130,000,000 68,000,000 17,000,000 16,000,000 
      investing activities
    		                              
      property and equipment additions
    		-12,000,000 -7,000,000 -25,000,000 -8,000,000 -7,000,000 -9,000,000 -9,000,000 -10,000,000 -9,000,000 -9,000,000 -11,000,000 -10,000,000 -8,000,000 -10,000,000 -14,000,000 -6,000,000 -12,000,000 -5,000,000 -10,000,000 -5,000,000 -11,000,000 -7,000,000 -15,000,000 -10,000,000 -16,000,000 -9,000,000 -18,000,000 -22,000,000 -19,000,000 -14,000,000 
      loan advances
    		0 -52,000,000 -1,000,000 -1,000,000 0 -15,000,000 -7,000,000                        
      net cash from investing activities
    		-12,000,000 -59,000,000  -9,000,000 -7,000,000 -24,000,000         -13,000,000 -3,000,000 -13,000,000 -5,000,000 -7,000,000 -5,000,000 -12,000,000 -7,000,000 -16,000,000 -10,000,000 -16,000,000 -11,000,000 -31,000,000 -25,000,000   
      financing activities
    		                              
      proceeds from borrowings
    		102,000,000 140,000,000 33,000,000 99,000,000 1,655,000,000 48,000,000 70,000,000 170,000,000   0 0   0 0   0 500,000,000 0 744,000,000         
      principal payments on long-term debt
    		-53,000,000 -76,000,000 -23,000,000 -39,000,000 -1,469,000,000 -8,000,000 -28,000,000 -68,000,000   0 0 -400,000,000 -4,000,000 -4,000,000 -4,000,000 -562,000,000 -4,000,000 -238,000,000 -504,000,000 -4,000,000 -14,000,000    -4,000,000     
      debt issuance costs
    		  0 0   0 -2,000,000           0        0 0   
      dividends to stockholders
    		-32,000,000 -33,000,000 -30,000,000 -29,000,000 -31,000,000 -32,000,000 -28,000,000 -29,000,000 -30,000,000 -31,000,000 -28,000,000 -29,000,000 -29,000,000 -30,000,000                 
      repurchases of common stock
    		-79,000,000 -74,000,000 -27,000,000 -97,000,000 -131,000,000 -55,000,000 -132,000,000 -97,000,000 -110,000,000 -54,000,000 -135,000,000 -134,000,000 -140,000,000 -39,000,000 -81,000,000    0 0 0 -50,000,000 -74,000,000 -73,000,000 -50,000,000 -45,000,000 -60,000,000 -46,000,000   
      exercise of stock options
    		  7,000,000 0                           
      net share settlement of incentive equity awards
    		0 -22,000,000 -1,000,000 -1,000,000 -1,000,000 -17,000,000 0 0 0 -9,000,000 0 0 -2,000,000 -9,000,000 0 -1,000,000 -1,000,000 -5,000,000 0 0 -2,000,000 -2,000,000 0 -1,000,000   -7,000,000 0   
      net cash from financing activities
    		-57,000,000 -65,000,000 -75,000,000 -68,000,000 35,000,000 -67,000,000 -119,000,000 -29,000,000 -159,000,000 -95,000,000  -164,000,000 -174,000,000 -82,000,000            -78,000,000    -1,000,000 
      effect of changes in exchange rates on cash, cash equivalents and restricted cash
    		    0 -1,000,000 -1,000,000 -1,000,000   0 -3,000,000        0 1,000,000 -2,000,000        -1,000,000 
      net (decrease)/increase in cash, cash equivalents and restricted cash
    		       16,000,000 -87,000,000 -11,000,000     -22,000,000 90,000,000       -40,000,000 27,000,000 -177,000,000 -82,000,000     
      cash, cash equivalents and restricted cash, beginning of period
    		0 113,000,000 0 0 0 66,000,000 0 0 0 161,000,000 0 0 0 171,000,000 0 0 0 493,000,000 0 0 0 94,000,000 0 0 0 366,000,000 0 0 0 59,000,000 
      cash, cash equivalents and restricted cash, end of period
    		2,000,000 48,000,000 31,000,000 3,000,000 29,000,000 50,000,000 -13,000,000 16,000,000 -87,000,000 150,000,000 -125,000,000 -114,000,000 -16,000,000 416,000,000 -22,000,000 90,000,000 -428,000,000 531,000,000 -242,000,000 71,000,000 -85,000,000 749,000,000 -40,000,000 27,000,000 -177,000,000 284,000,000 -21,000,000 -29,000,000 343,000,000 73,000,000 
      balance as of december 31, 2024
    		0 78,000,000                             
      other comprehensive loss
    		                              
      dividends
    		                              
      repurchase of common stock
    		0 -1,000,000             -3,000,000    -1,000,000 0 0 -1,000,000 -1,000,000 0       
      change in deferred compensation
    		                              
      issuance of shares for restricted stock units vesting
    		0 1,000,000             0 0               
      balance as of march 31, 2025
    		0 78,000,000                             
      balance as of june 30, 2025
    		                              
      net decrease in cash, cash equivalents and restricted cash
    		 -65,000,000    -16,000,000                         
      benefit from/(recovery of) doubtful accounts
    		                              
      gain on asset sale
    		          0   -36,000,000                 
      proceeds from development advance notes
    		                              
      acquisition of hotel brand
    		          0                    
      loan repayments
    		                              
      proceeds from asset sales
    		          0 0 61,000,000 202,000,000                 
      net cash (used in)/provided by investing activities
    		      -16,000,000 -31,000,000 -10,000,000 -9,000,000                     
      finance lease payments
    		                  -1,000,000 -2,000,000 -1,000,000 -1,000,000  -2,000,000 -1,000,000 -1,000,000     
      net increase/(decrease) in cash, cash equivalents and restricted cash
    		  31,000,000 3,000,000        -114,000,000       -242,000,000 71,000,000 -85,000,000 655,000,000         
      balance as of december 31, 2021
    		          0 0 0 92,000,000                 
      other comprehensive income
    		                              
      balance as of december 31, 2022
    		      0 0 0 86,000,000                     
      balance as of december 31, 2023
    		  0 0 0 81,000,000                         
      balance as of march 31, 2024
    		   0 0 81,000,000                         
      balance as of june 30, 2024
    		   0                           
      balance as of september 30, 2024
    		                              
      impairments
    		                  0 0           
      net (decrease) in cash, cash equivalents and restricted cash
    		                              
      balance as of december 31, 2020
    		              0 0 0 93,000,000             
      balance as of march 31, 2023
    		       0 0 86,000,000                     
      balance as of june 30, 2023
    		       0                       
      balance as of september 30, 2023
    		                              
      gain on asset sales
    		                              
      net income/
    		              49,000,000 102,000,000               
      adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities:
    		                              
      (recovery of)/benefit from doubtful accounts
    		          1,000,000 -2,000,000                   
      net cash provided by/(used in) investing activities
    		          -11,000,000 -54,000,000 52,000,000 192,000,000                 
      net cash (used in)/provided by financing activities
    		              -107,000,000 -54,000,000 -531,000,000 -21,000,000     -116,000,000 -108,000,000       
      balance as of december 31, 2019
    		                  0 0 0 94,000,000         
      cumulative effect of change in accounting standard
    		                              
      proceeds from loan repayments
    		                              
      balance as of march 31, 2022
    		           0 0 92,000,000                 
      balance as of june 30, 2022
    		           0                   
      balance as of september 30, 2022
    		                              
      (gain)/loss on asset sales
    		                              
      net increase in cash, cash equivalents and restricted cash
    		             245,000,000    38,000,000          -29,000,000 343,000,000 14,000,000 
      payment of tax liability assumed in la quinta acquisition
    		                      -7,000,000 0   0    
      capital contribution from former parent
    		                      0 0   0 0   
      balance as of december 31, 2018
    		                      0 0       
      repayments/(issuances) of loans
    		                              
      dividends to shareholders
    		               -23,000,000 -15,000,000 -15,000,000 -8,000,000 -7,000,000 -8,000,000 -30,000,000 -28,000,000 -28,000,000 -28,000,000 -28,000,000 -25,000,000 -25,000,000   
      balance as of march 31, 2021
    		               0 0 93,000,000             
      balance as of june 30, 2021
    		               0               
      balance as of september 30, 2021
    		                              
      net cash provided by/(used in) operating activities
    		                              
      issuance of loans
    		                   0      -2,000,000     
      net (loss)/income
    		                  -7,000,000 27,000,000           
      adjustments to reconcile net (loss)/income to net cash provided by/(used in) operating activities:
    		                              
      gain on sale
    		                          0 0   
      acquisition of business, net of cash acquired
    		                          -7,000,000 -1,000,000   
      proceeds from sale of assets
    		                          0 0   
      insurance proceeds
    		                          0 0 0 14,000,000 
      net transfer to former parent
    		                          0 0   
      proceeds from borrowings from former parent
    		                          0 0   
      dividend to former parent
    		                          -19,000,000 0   
      net cash provided by/(used in) financing activities
    		                  -246,000,000 -21,000,000 -17,000,000 647,000,000     -116,000,000 -72,000,000   
      balance as of december 31, 2017
    		                              
      net transfer to and net contribution from former parent
    		                              
      transfer of net investment to additional paid-in capital
    		                              
      issuance of common stock
    		                          0 0   
      adjustments to reconcile net (loss)/income to net cash from operating activities:
    		                              
      deferred income
    		                   -21,000,000 -20,000,000 -2,000,000  -15,000,000 24,000,000 -8,000,000 26,000,000 -7,000,000 -17,000,000 -5,000,000 
      balance as of march 31, 2020
    		                   0 0 93,000,000         
      balance as of june 30, 2020
    		                   0           
      balance as of september 30, 2020
    		                              
      proceeds from long-term debt
    		                          0 0   
      balance as of december 31, 2016
    		                              
      net transfers to parent
    		                              
      proceeds from/(issuance of) loans
    		                              
      proceeds from/(principal payments on) long-term debt
    		                              
      balance as of march 31, 2019
    		                       0       
      balance as of june 30, 2019
    		                       0       
      balance as of september 30, 2019
    		                              
      adjustments to reconcile net income to net cash from operating activities:
    		                              
      net cash (used in)/provided by operating activities
    		                              
      (issuance of)/proceeds from loans
    		                              
      (principal payments on)/proceeds from long-term debt
    		                              
      (payments of)/proceeds from development advance notes
    		                         -6,000,000     
      impairment charges
    		                              
      long‑term assets
    		                              
      capital lease payments
    		                          -1,000,000 -1,000,000   
      balance as of december 31, 2015
    		                              
      net transfers to former parent
    		                              
      net contribution from former parent
    		                              
      balance as of september 30, 2018
    		                              
      proceeds from repayment of loans
    		                              
      balance as of june 30, 2018
    		                              
      proceeds from/(payments of) development advance notes
    		                             5,000,000 
      net transfer to parent
    		                             -14,000,000 
      proceeds from borrowings from parent
    		                             13,000,000 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.