Exhibit 99.1
Cendant Corporation and Subsidiaries
SEGMENT INFORMATION
(in millions)
In connection with the acquisition of Avis Group and the disposition of certain
businesses during first quarter 2001, the Company realigned the operations and
management of certain of its businesses. Accordingly, the Company's segment
reporting structure now encompasses the following four reportable segments: Real
Estate Services, Hospitality, Vehicle Services and Financial Services. Segment
information for the years ended December 31, 2000, 1999 and 1998 has been
restated to conform to the current reporting structure.
Year ended December 31, 2000
Real
Estate Financial Vehicle Corporate
Services Hospitality Services Services and Other Total
-------- ----------- --------- -------- --------- -----
Net revenues $1,461 $1,013 $638 $ 568 $ 250 $ 3,930
Adjusted EBITDA 752 394 200 305 (108) 1,543
Non-vehicle depreciation
and amortization 103 82 37 52 56 330
Segment assets 6,560 1,928 520 2,694 2,814 14,516
Capital expenditures 39 39 44 55 40 217
Year ended December 31, 1999
Real
Estate Financial Vehicle Corporate
Services Hospitality Services Services and Other Total
-------- ----------- --------- -------- --------- -----
Net revenues $1,383 $1,011 $622 $ 756 $ 749 $ 4,521
Adjusted EBITDA 727 427 184 364 81 1,783
Non-vehicle depreciation
and amortization 95 78 34 68 72 347
Segment assets 5,951 1,929 893 2,762 2,996 14,531
Capital expenditures 69 53 22 62 48 254
Year ended December 31, 1998
Real
Estate Financial Vehicle Corporate
Services Hospitality Services Services and Other Total
-------- ----------- --------- -------- --------- -----
Net revenues $1,253 $ 949 $598 $ 822 $ 843 $ 4,465
Adjusted EBITDA 661 394 165 404 23 1,647
Non-vehicle depreciation
and amortization 79 69 27 65 63 303
Segment assets 6,649 1,848 884 7,181 2,485 19,047
Capital expenditures 112 82 20 69 48 331