Press Release: Cendant Corporation
February 15, 2002
NEW YORK, NY -- Cendant Corporation (NYSE: CD) yesterday announced that it has filed historical and projected consolidated
schedules of free cash flows and consolidated condensed statements of cash flows for the years ended December 31,
2000 and 2001 and projected consolidated schedules of free cash flows for the years ended December 31, 2002, 2003
and 2004 with the Securities and Exchange Commission (SEC) on Form 8-K.
In March 2001, Cendant began providing historical consolidated schedules of free cash flows in an effort to enhance
investors' understanding of its sources and uses of cash. This document, along with GAAP format condensed statements
of cash flows, has been filed on Form 8-K for each quarter since that date. The Company has further enhanced its
disclosure by now also filing projected free cash flows for the years ended December 31, 2002, 2003 and 2004.
The Form 8-K filing referenced in this press release is available on the Company's Web site at http://www.cendant.com.
Cendant Corporation is primarily a provider of travel and residential real estate services. With approximately
60,000 employees, New York City-based Cendant provides these services to businesses and consumers in over 100 countries.
More information about Cendant, its companies, brands and current SEC filings may be obtained by visiting the Company's
Web site or by calling 877-4-INFOCD (877-446-3623). Investors may also receive e-mail alerts from the Company by
registering for this service on Cendant's Web site.
Statements about future results made in this release constitute forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and the
current economic environment. The Company cautions that these statements are not guarantees of future performance.
Actual results may differ materially from those expressed or implied in the forward-looking statements. Important
assumptions and other important factors that could cause actual results to differ materially from those in the
forward-looking statements are specified in Cendant's Form 10-Q filed on November 14, 2001.
Such forward-looking statements include projections. Such projections were not prepared in accordance with published
guidelines of the American Institute of Certified Public Accountants or the SEC regarding projections and forecasts,
nor have such projections been audited, examined or otherwise reviewed by independent auditors of Cendant or its
affiliates. In addition, such projections are based upon many estimates and are inherently subject to significant
economic and competitive uncertainties and contingencies, many of which are beyond the control of management of
Cendant and its affiliates. Accordingly, actual results may be materially higher or lower than those projected.
The inclusion of such projections herein should not be regarded as a representation by Cendant or its affiliates
that the projections will prove to be correct.
SOURCE: Cendant Corporation