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Wyndham Worldwide (WYN)
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WYN » Topics » D IVIDENDS TO C ENDANT AND O THER C APITAL T RANSACTIONS

This excerpt taken from the WYN 8-K filed Jul 19, 2006.

DIVIDENDS TO CENDANT AND OTHER CAPITAL TRANSACTIONS

During 2005, the Company made cash dividend payments of $59 million to Cendant, which was recorded as a reduction of invested equity on the Company’s Combined Balance Sheet. In connection with dispositions of various entities by Cendant during 2005, the Company eliminated all intercompany balances due to such entities. Accordingly, the Company recorded a non-cash increase of $88 million to invested equity on its Combined Balance Sheet during 2005. Also, during 2004 and 2003, the Company received capital contributions of $13 million and $40 million, respectively, from Cendant.

 

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