Hilton Grand Vacations Inc. (HGV) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
6355 METROWEST BOULEVARD, SUITE 180 ORLANDO, FL 32835 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 589,000 | 223,000 | 432,000 | 428,000 | 67,000 | 108,000 | |||
| Cash and cash equivalents | 589,000 | 223,000 | 432,000 | 428,000 | 67,000 | 108,000 | |||
| Receivables | 507,000 | 511,000 | 302,000 | 119,000 | 174,000 | ||||
| Contract with customer, asset, after allowance for credit loss | 2,456,000 | ||||||||
| Total current assets: | 3,552,000 | 734,000 | 734,000 | 547,000 | 241,000 | 108,000 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 61,000 | 76,000 | 70,000 | 52,000 | 60,000 | ✕ | |||
| Inventory, real estate | 1,400,000 | 1,159,000 | 1,240,000 | 702,000 | 558,000 | 527,000 | |||
| Property, plant and equipment | 758,000 | 798,000 | 756,000 | 501,000 | 778,000 | 559,000 | |||
| Long-term investments and receivables | 71,000 | 72,000 | 59,000 | 51,000 | 44,000 | 38,000 | |||
| Long-term investments | 71,000 | 72,000 | 59,000 | 51,000 | 44,000 | 38,000 | |||
| Intangible assets, net (including goodwill) | 2,576,000 | 2,693,000 | 2,818,000 | 81,000 | 89,000 | 81,000 | |||
| Goodwill | 1,418,000 | 1,416,000 | 1,377,000 | ||||||
| Intangible assets, net (excluding goodwill) | 1,158,000 | 1,277,000 | 1,441,000 | 81,000 | 89,000 | 81,000 | |||
| Deferred income tax assets | 9,000 | 8,000 | 7,000 | 4,000 | 2,000 | ✕ | |||
| Total noncurrent assets: | 4,875,000 | 4,806,000 | 4,950,000 | 1,391,000 | 1,531,000 | 1,205,000 | |||
| Other undisclosed assets | 258,000 | 2,464,000 | 2,324,000 | 1,196,000 | 1,307,000 | 1,440,000 | |||
| TOTAL ASSETS: | 8,685,000 | 8,004,000 | 8,008,000 | 3,134,000 | 3,079,000 | 2,753,000 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Deferred revenue | 112,000 | ✕ | |||||||
| Total current liabilities: | 112,000 | ||||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 631,000 | 659,000 | 684,000 | 137,000 | 257,000 | ||||
| Deferred gain on sale of property | 14,000 | ||||||||
| Deferred income tax liabilities | 631,000 | 659,000 | 670,000 | 137,000 | 257,000 | ✕ | |||
| Total noncurrent liabilities: | 631,000 | 659,000 | 684,000 | 137,000 | 257,000 | ||||
| Other undisclosed liabilities | 5,939,000 | 5,194,000 | 5,224,000 | 2,623,000 | 2,252,000 | 2,137,000 | |||
| Total liabilities: | 6,570,000 | 5,853,000 | 6,020,000 | 2,760,000 | 2,509,000 | 2,137,000 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 2,115,000 | 2,151,000 | 1,988,000 | 374,000 | 570,000 | 616,000 | |||
| Common stock | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | |||
| Treasury stock, value | (640,000) | (272,000) | |||||||
| Additional paid in capital | 1,504,000 | 1,582,000 | 1,630,000 | 192,000 | 179,000 | 174,000 | |||
| Accumulated other comprehensive income | 17,000 | 39,000 | |||||||
| Retained earnings | 593,000 | 529,000 | 357,000 | 181,000 | 390,000 | 441,000 | |||
| Other undisclosed equity, attributable to parent | 640,000 | 272,000 | |||||||
| Equity, attributable to noncontrolling interest | |||||||||
| Total equity: | 2,115,000 | 2,151,000 | 1,988,000 | 374,000 | 570,000 | 616,000 | |||
| TOTAL LIABILITIES AND EQUITY: | 8,685,000 | 8,004,000 | 8,008,000 | 3,134,000 | 3,079,000 | 2,753,000 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 3,978,000 | 3,835,000 | 2,335,000 | 894,000 | 1,838,000 | 1,999,000 | ||
| Cost of revenue | (2,962,000) | (2,661,000) | (1,702,000) | (816,000) | (1,396,000) | (1,435,000) | ||
| Gross profit: | 1,016,000 | 1,174,000 | 633,000 | 78,000 | 442,000 | 564,000 | ||
| Operating expenses | (403,000) | (563,000) | (243,000) | (323,000) | (127,000) | (130,000) | ||
| Operating income (loss): | 613,000 | 611,000 | 390,000 | (245,000) | 315,000 | 434,000 | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 2,000 | (1,000) | (26,000) | 3,000 | (3,000) | (1,000) | ||
| Interest and debt expense | (178,000) | (142,000) | (105,000) | (43,000) | (43,000) | (30,000) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 437,000 | 468,000 | 259,000 | (285,000) | 269,000 | 403,000 | ||
| Income from equity method investments | 12,000 | 13,000 | 10,000 | 5,000 | 4,000 | |||
| Income (loss) from continuing operations before income taxes: | 449,000 | 481,000 | 269,000 | (280,000) | 273,000 | 403,000 | ||
| Income tax expense (benefit) | (136,000) | (129,000) | (93,000) | 79,000 | (57,000) | (105,000) | ||
| Income (loss) from continuing operations: | 313,000 | 352,000 | 176,000 | (201,000) | 216,000 | 298,000 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 176,000 | (201,000) | 216,000 | 298,000 | |
| Net income (loss): | 313,000 | 352,000 | 176,000 | (201,000) | 216,000 | 298,000 | ||
| Net loss attributable to noncontrolling interest | ||||||||
| Other undisclosed net income (loss) attributable to parent | 427 | 291 | (304) | 125 | ||||
| Net income (loss) available to common stockholders, diluted: | 313,000 | 352,000 | 176,427 | (200,709) | 215,696 | 298,125 | ||
Comprehensive Income ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 313,000 | 352,000 | 176,000 | (201,000) | 216,000 | 298,000 | ||
| Comprehensive income (loss): | 313,000 | 352,000 | 176,000 | (201,000) | 216,000 | 298,000 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | ||||||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (22,000) | 39,000 | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 291,000 | 391,000 | 176,000 | (201,000) | 216,000 | 298,000 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.