Starwood 2008 Annual Report Download - page 165
Download and view the complete annual report
Please find page 165 of the 2008 Starwood annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155 -
156 -
157 -
158 -
159 -
160 -
161 -
162 -
163 -
164 -
165 -
166 -
167 -
168 -
169 -
170 -
171 -
172 -
173 -
174 -
175 -
176
-
177
-
178
 |
 |
Note 25. Quarterly Results (Unaudited)
March 31 June 30 September 30 December 31 Year
Three Months Ended
(In millions, except per Share data)
2008
Revenues .............................. $1,466 $1,573 $1,535 $1,333 $5,907
Costs and expenses ....................... $1,320 $1,374 $1,326 $1,268 $5,288
Income from continuing operations ........... $ 79 $ 107 $ 113 $ (45) $ 254
Discontinued operations ................... $ (47) $ (2) $ — $ 124 $ 75
Net income............................. $ 32 $ 105 $ 113 $ 79 $ 329
Earnings per Share:
Basic —
Income from continuing operations ......... $ 0.43 $ 0.58 $ 0.63 $ (0.25) $ 1.40
Discontinued operations ................. $(0.26) $ (0.01) $ — $ 0.69 $ 0.41
Net income ........................... $ 0.17 $ 0.57 $ 0.63 $ 0.44 $ 1.81
Diluted —
Income from continuing operations ......... $ 0.42 $ 0.56 $ 0.62 $ (0.25) $ 1.37
Discontinued operations ................. $(0.25) $ — $ — $ 0.68 $ 0.40
Net income ........................... $ 0.17 $ 0.56 $ 0.62 $ 0.43 $ 1.77
2007
Revenues .............................. $1,431 $1,572 $1,540 $1,610 $6,153
Costs and expenses ....................... $1,250 $1,383 $1,294 $1,368 $5,295
Income from continuing operations ........... $ 123 $ 145 $ 129 $ 146 $ 543
Discontinued operations ................... $ (1) $ — $ — $ — $ (1)
Net income............................. $ 122 $ 145 $ 129 $ 146 $ 542
Earnings per Share:
Basic —
Income from continuing operations ......... $ 0.58 $ 0.69 $ 0.63 $ 0.77 $ 2.67
Discontinued operations ................. $ — $ — $ — $ — $ —
Net income ........................... $ 0.58 $ 0.69 $ 0.63 $ 0.77 $ 2.67
Diluted —
Income from continuing operations ......... $ 0.56 $ 0.67 $ 0.61 $ 0.74 $ 2.57
Discontinued operations ................. $ — $ — $ — $ — $ —
Net income ........................... $ 0.56 $ 0.67 $ 0.61 $ 0.74 $ 2.57
F-49
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
NOTES TO FINANCIAL STATEMENTS — (Continued)