XML 40 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements Of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues      
Gross commission income $ 4,288 $ 4,028 $ 3,946
Service revenue 882 802 867
Franchise fees 353 333 322
Other 183 165 154
Net revenues 5,706 5,328 5,289
Expenses      
Commission and other agent-related costs 2,931 2,755 2,691
Operating 1,458 1,350 1,371
Marketing 226 214 199
General and administrative 337 293 327
Former parent legacy benefit, net (15) (10) (4)
Restructuring costs, net 10 (1) 4
Depreciation and amortization 201 190 176
Interest expense, net 231 267 281
Loss on the early extinguishment of debt 48 47 68
Other (income)/expense, net (3) (2) 1
Total expenses 5,424 5,103 5,114
Income before income taxes, equity in earnings and noncontrolling interests 282 225 175
Income tax expense (benefit) 110 87 (242)
Equity in earnings of unconsolidated entities (16) (9) (26)
Net income 188 147 443
Less: Net income attributable to noncontrolling interests (4) (4) (5)
Net income attributable to Realogy Holdings and Realogy Group $ 184 $ 143 $ 438
Earnings per share attributable to Realogy Holdings:      
Basic earnings per share $ 1.26 $ 0.98 $ 3.01
Diluted earnings per share $ 1.24 $ 0.97 $ 2.99
Weighted average common and common equivalent shares of Realogy Holdings outstanding:      
Basic 146.5 146.0 145.4
Diluted 148.1 147.2 146.6