INDEX TO ANNUAL CONSOLIDATED FINANCIAL STATEMENTS Page Report of Independent Registered Public Accounting Firm F-2 Consolidated Statements of Operations for the years ended December 31, 2010, 2009 and 2008 F-3 Consolidated Balance Sheets as of December 31, 2010 and 2009 F-4 Consolidated Statements of Cash Flows for the years ended December 31, 2010, 2009 and 2008 F-5 Consolidated Statements of Stockholders’ Equity for the years ended December 31, 2010, 2009 and 2008 F-6 Notes to Consolidated Financial Statements F-7 F-1
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors and Stockholders of Wyndham Worldwide Corporation Parsippany, New Jersey We have audited the accompanying consolidated balance sheets of Wyndham Worldwide Corporation and subsidiaries (the “Company”) as of December 31, 2010 and 2009, and the related consolidated statements of operations, stockholders’ equity, and cash flows for each of the three years in the period ended December 31, 2010. We also have audited the Company’s internal control over financial reporting as of December 31, 2010, based on criteria established in Internal Control — Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission. The Company’s management is responsible for these financial statements, for maintaining effective internal control over financial reporting, and for its assessment of the effectiveness of internal control over financial reporting, included in the accompanying Management’s Annual Report on Internal Control over Financial Reporting. Our responsibility is to express an opinion on these financial statements and an opinion on the Company’s internal control over financial reporting based on our audits. We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement and whether effective internal control over financial reporting was maintained in all material respects. Our audits of the financial statements included examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our audit of internal control over financial reporting included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. Our audits also included performing such other procedures as we considered necessary in the circumstances. We believe that our audits provide a reasonable basis for our opinions. A company’s internal control over financial reporting is a process designed by, or under the supervision of, the company’s principal executive and principal financial officers, or persons performing similar functions, and effected by the company’s board of directors, management, and other personnel to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements. Because of the inherent limitations of internal control over financial reporting, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may not be prevented or detected on a timely basis. Also, projections of any evaluation of the effectiveness of the internal control over financial reporting to future periods are subject to the risk that the controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Wyndham Worldwide Corporation and subsidiaries as of December 31, 2010 and 2009, and the results of their operations and their cash flows for each of the three years in the period ended December 31, 2010, in conformity with accounting principles generally accepted in the United States of America. Also, in our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of December 31, 2010, based on the criteria established in Internal Control — Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission. /s/ Deloitte & Touche LLP Parsippany, New Jersey February 21, 2011 F-2
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UNITED STATES SECURITIES AND EXCHAN
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PART I FORWARD LOOKING STATEMENTS T
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Our portfolio of well-known hospita
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The following table sets forth the
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free access to a gym facility and t
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as annual budget preparation, finan
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Our field services team, strategica
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Competition Competition is robust a
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we offer property owners marketing
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Internet Given the increasing inter
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According to information compiled b
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Owners who participate in Club Wynd
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Purchaser Financing Wyndham Vacatio
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EMPLOYEES As of December 31, 2010,
- Page 29 and 30: that we will be able to achieve the
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- Page 33 and 34: 2014; Atlanta, Georgia expiring in
- Page 35 and 36: Stock Performance Graph The Stock P
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- Page 39 and 40: We enter into agreements to franchi
- Page 41 and 42: eal estate inventory costs incurred
- Page 43 and 44: Year Ended December 31, 2010 vs. Ye
- Page 45 and 46: Arrangements), (ii) $16 million of
- Page 47 and 48: at our U.K. and France destinations
- Page 49 and 50: In addition, EBITDA was negatively
- Page 51 and 52: OPERATING STATISTICS The following
- Page 53 and 54: k $29 million of losses from foreig
- Page 55 and 56: and $9 million of lower volume-rela
- Page 57 and 58: k $25 million of increased costs re
- Page 59 and 60: k a $49 million increase in franchi
- Page 61 and 62: Operating Activities During 2010, n
- Page 63 and 64: Capital Deployment We are focusing
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- Page 67 and 68: We believe that our bank conduit fa
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- Page 71 and 72: was approximately $373 million as o
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- Page 75 and 76: cash flow model in determining the
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- Page 85 and 86: WYNDHAM WORLDWIDE CORPORATION CONSO
- Page 87 and 88: The Company’s franchise agreement
- Page 89 and 90: manages paid Wyndham Exchange & Ren
- Page 91 and 92: expenses amounted to $48 million, $
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- Page 97 and 98: (3) Adjusting the carrying value of
- Page 99 and 100: 7. Income Taxes The income tax prov
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- Page 105 and 106: 10. Property and Equipment, net Pro
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- Page 109 and 110: As of December 31, 2010, the Compan
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14.1 101.INS XBRL Instance document
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Name WYNDHAM WORLDWIDE CORPORATION
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Exhibit 23.1 CONSENT OF INDEPENDENT
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CERTIFICATION Exhibit 31.2 I, Thoma
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