Starwood 2010 Annual Report Download - page 162
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The following table presents revenues, operating income, assets and capital expenditures for the Company’s
reportable segments (in millions):
2010 2009 2008
Revenues:
Hotel ..................................................... $4,383 $4,022 $4,860
Vacation ownership and residential ............................... 688 674 894
Total ..................................................... $5,071 $4,696 $5,754
Operating income:
Hotel ..................................................... $ 571 $ 471 $ 776
Vacation ownership and residential ............................... 105 73 136
Total segment operating income ................................. 676 544 912
Selling, general, administrative and other .............................. (151) (139) (161)
Restructuring, goodwill impairment and other special charges, net. . . ......... 75 (379) (141)
Operating income ............................................... 600 26 610
Equity earnings and gains and losses from unconsolidated ventures, net:
Hotel ....................................................... 8 (5) 12
Vacation ownership and residential ................................. 2 1 4
Interest expense, net ............................................. (236) (227) (207)
Loss on asset dispositions and impairments, net ......................... (39) (91) (98)
Income (loss) from continuing operations before taxes and noncontrolling
interests ..................................................... $ 335 $(296) $ 321
Depreciation and amortization:
Hotel ..................................................... $ 207 $ 229 $ 241
Vacation ownership and residential ............................... 27 27 29
Corporate .................................................. 51 53 43
Total ..................................................... $ 285 $ 309 $ 313
Assets:
Hotel
(a)
..................................................... $6,440 $5,924 $6,728
Vacation ownership and residential
(b)
............................... 2,139 1,639 2,183
Corporate ................................................... 1,197 1,198 792
Total ..................................................... $9,776 $8,761 $9,703
Capital expenditures:
Hotel ....................................................... $ 184 $ 171 $ 344
Vacation ownership and residential ................................. 151 145 389
Corporate ................................................... 42 27 84
Total
(c)
.................................................... $ 377 $ 343 $ 817
(a) Includes $285 million and $343 million of investments in unconsolidated joint ventures at December 31, 2010
and 2009, respectively.
F-46
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
NOTES TO FINANCIAL STATEMENTS — (Continued)