| EARNINGS PER SHARE |
EARNINGS PER SHARE The calculation of basic and diluted earnings per Class A and Class B share, including a reconciliation of the numerator and denominator, is as follows: | | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | 2024 | | 2023 | | 2022 | | Numerator: | | | | | | | | | | | | | | | | | | | Net income | $ | 1,296 | | | $ | 220 | | | $ | 455 | | | Net income attributable to noncontrolling interests | — | | | — | | | — | | | Net income attributable to Hyatt Hotels Corporation | $ | 1,296 | | | $ | 220 | | | $ | 455 | | | Denominator: | | | | | | | Basic weighted-average shares outstanding (1) | 99,791,270 | | | 104,861,037 | | | 109,093,790 | | | Stock-based compensation | 2,632,830 | | | 2,865,924 | | | 2,171,149 | | | Diluted weighted-average shares outstanding (1) | 102,424,100 | | | 107,726,961 | | | 111,264,939 | | | Basic Earnings Per Class A and Class B Share: | | | | | | | | | | | | | | | | | | | Net income | $ | 12.99 | | | $ | 2.10 | | | $ | 4.17 | | | Net income attributable to noncontrolling interests | — | | | — | | | — | | | Net income attributable to Hyatt Hotels Corporation | $ | 12.99 | | | $ | 2.10 | | | $ | 4.17 | | | Diluted Earnings Per Class A and Class B Share: | | | | | | | | | | | | | | | | | | | Net income | $ | 12.65 | | | $ | 2.05 | | | $ | 4.09 | | | Net income attributable to noncontrolling interests | — | | | — | | | — | | | Net income attributable to Hyatt Hotels Corporation | $ | 12.65 | | | $ | 2.05 | | | $ | 4.09 | | (1) The computations reflect a reduction in shares outstanding at December 31, 2022 for the repurchases of 106,116 shares that were initiated prior to December 31, 2022, but settled in the first quarter of 2023. |
The computations of diluted earnings per Class A and Class B share do not include the following shares of Class A common stock assumed to be issued as stock-settled SARs and RSUs because they are anti-dilutive. | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | 2024 | | 2023 | | 2022 | | SARs | 100 | | | 57,200 | | | 9,800 | | | RSUs | 1,500 | | | 2,400 | | | 3,200 | | | | | | | |
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