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Wyndham Worldwide (WYN)
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WYN » Topics » Trade receivables

This excerpt taken from the WYN 10-K filed Feb 27, 2009.
Trade receivables
 
The Company provides for estimated bad debts based on their assessment of the ultimate realizability of receivables, considering historical collection experience, the economic environment and specific customer information. When the Company determines that an account is not collectible, the account is written-off to the allowance for doubtful accounts. The following table illustrates the Company’s allowance for doubtful accounts activity during 2008, 2007 and 2006:
 
                         
    For the Years Ended
 		 
    December 31,  
    2008     2007     2006  
 
Beginning balance
  $ 112     $ 99     $ 96  
Bad debt expense
    89       84       58  
Write-offs
    (77 )     (70 )     (57 )
Translation and other adjustments
    (4 )     (1 )     2  
                         
Ending balance
  $ 120     $ 112     $ 99  
                         
 
This excerpt taken from the WYN 10-K filed Feb 29, 2008.
Trade receivables
 
The Company provides for estimated bad debts based on their assessment of the ultimate realizability of receivables, considering historical collection experience, the economic environment and specific customer information. When the Company determines that an account is not collectible, the account is written-off to the allowance for doubtful accounts. The following table illustrates the Company’s allowance for doubtful accounts activity during 2007, 2006 and 2005:
 
                         
    For the Years Ended
 		 
    December 31,  
    2007     2006     2005  
 
Beginning balance
  $ 99     $ 96     $ 79  
Bad debt expense
    84       58       51  
Write-offs
    (70 )     (57 )     (34 )
Translation and other adjustments
    (1 )     2       —  
                         
Ending balance
  $ 112     $ 99     $ 96  
                         
 
This excerpt taken from the WYN 10-K filed Mar 7, 2007.
Trade receivables
 
The Company’s vacation exchange and rentals and lodging businesses provide for estimated bad debts based on their assessment of the ultimate realizability of receivables, considering historical collection experience, the economic environment and specific customer information. When the Company determines that an account is not collectible, the account is written-off to the allowance for doubtful accounts. Such write-offs amounted to $57 million, $34 million and $36 million in 2006, 2005 and 2004, respectively. Bad debt expense is recorded in operating or marketing and reservation expenses on the Consolidated and Combined Statements of Income and amounted to $58 million, $51 million and $43 million in 2006, 2005 and 2004, respectively.
 
This excerpt taken from the WYN 8-K filed Jul 19, 2006.

Trade receivables

The Company’s lodging and vacation exchange and rental businesses provide for estimated bad debts based on their assessment of the ultimate realizability of receivables, considering historical collection experience, the economic environment and specific customer information. When the Company determines that an account is not collectible, the account is written-off to the allowance for doubtful accounts. Such write-offs amounted to $34 million, $36 million and $31 million in 2005, 2004 and 2003, respectively. Bad debt expense is recorded in operating or marketing and reservation expenses on the Combined Statements of Income and amounted to $51 million, $43 million and $41 million in 2005, 2004 and 2003, respectively.

EXCERPTS ON THIS PAGE:

10-K
Feb 27, 2009
10-K
Feb 29, 2008
10-K
Mar 7, 2007
8-K
Jul 19, 2006

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