Marriott Vacations Worldwide Corporation (VAC) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
9002 SAN MARCO COURT ORLANDO, FL 32819 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6531 - Real Estate Agents and Managers (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 342 | 524 | 287 | 231 | 409 | 147 | 177 | ||
| Cash and cash equivalents | 342 | 524 | 287 | 231 | 409 | 147 | 177 | ||
| Total current assets: | 342 | 524 | 287 | 231 | 409 | 147 | 177 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 89 | 8 | 13 | ✕ | ✕ | ✕ | ✕ | ||
| Operating lease, right-of-use asset | 96 | 131 | 142 | ✕ | ✕ | ✕ | ✕ | ||
| Inventory, real estate | 749 | 777 | 843 | 379 | 339 | 333 | |||
| Property, plant and equipment | 1,311 | 930 | 751 | 951 | 253 | 203 | 289 | ||
| Long-term investments and receivables | 1 | ||||||||
| Long-term investments | 1 | ||||||||
| Intangible assets, net (including goodwill) | 4,143 | 3,769 | 3,919 | 3,935 | |||||
| Goodwill | 3,150 | 2,817 | 2,892 | 2,828 | |||||
| Intangible assets, net (excluding goodwill) | 993 | 952 | 1,027 | 1,107 | |||||
| Total noncurrent assets: | 5,639 | 5,587 | 5,602 | 5,729 | 632 | 542 | 623 | ||
| Other undisclosed assets | 3,632 | 2,787 | 3,325 | 3,058 | 1,865 | 1,702 | 1,595 | ||
| TOTAL ASSETS: | 9,613 | 8,898 | 9,214 | 9,018 | 2,906 | 2,391 | 2,395 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 350 | 274 | 300 | ||||||
| Deferred income tax liabilities | 350 | 274 | 300 | ✕ | ✕ | ✕ | ✕ | ||
| Total noncurrent liabilities: | 350 | 274 | 300 | ||||||
| Other undisclosed liabilities | 6,277 | 5,942 | 5,883 | 5,552 | 1,861 | 1,484 | 1,419 | ||
| Total liabilities: | 6,627 | 6,216 | 6,183 | 5,552 | 1,861 | 1,484 | 1,419 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 2,976 | 2,651 | 3,019 | 3,461 | 1,045 | 908 | 976 | ||
| Common stock | 1 | 1 | 1 | 1 | 0 | 0 | 0 | ||
| Treasury stock, value | (1,356) | (1,334) | (1,253) | (790) | (694) | (607) | (430) | ||
| Additional paid in capital | 4,072 | 3,760 | 3,738 | 3,721 | 1,189 | 1,162 | 1,151 | ||
| Accumulated other comprehensive income (loss) | (16) | (48) | (36) | 6 | 17 | 5 | 11 | ||
| Retained earnings | 275 | 272 | 569 | 523 | 534 | 346 | 244 | ||
| Stockholders' equity attributable to noncontrolling interest | 10 | 31 | 12 | 5 | |||||
| Total stockholders' equity: | 2,986 | 2,682 | 3,031 | 3,466 | 1,045 | 908 | 976 | ||
| TOTAL LIABILITIES AND EQUITY: | 9,613 | 8,898 | 9,214 | 9,018 | 2,906 | 2,391 | 2,395 | ||
Income Statement (P&L) ($ in millions) Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 3,890 | 2,886 | 4,355 | 2,968 | 1,952 | 1,811 | 1,830 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 1,188 | 1,069 | 1,081 | |
| Cost of revenue | (2,221) | (2,004) | (2,382) | (1,662) | (1,134) | (1,067) | (1,120) | |
| Cost of goods and services sold | (6) | (638) | (587) | (610) | ||||
| Gross profit: | 1,669 | 882 | 1,973 | 1,306 | 817 | 744 | 711 | |
| Operating expenses | (1,219) | (980) | (1,515) | (1,039) | (586) | (519) | (493) | |
| Operating income (loss): | 450 | (98) | 458 | 267 | 231 | 225 | 218 | |
| Nonoperating income (expense) | 170 | (4) | 1 | (4) | (2) | (5) | 10 | |
| Investment income, nonoperating | 168 | |||||||
| Other nonoperating income (expense) | 2 | (4) | 1 | (4) | (2) | (5) | 10 | |
| Interest and debt expense | (1) | (1) | (1) | (7) | (6) | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | 619 | (103) | 458 | 263 | 230 | 214 | 222 | |
| Income from equity method investments | 0 | |||||||
| Other undisclosed income (loss) from continuing operations before income taxes | (492) | (237) | (233) | (160) | (4) | 9 | (16) | |
| Income (loss) from continuing operations before income taxes: | 127 | (340) | 225 | 103 | 226 | 223 | 206 | |
| Income tax expense (benefit) | (74) | 84 | (83) | (51) | 1 | (86) | (84) | |
| Net income (loss): | 53 | (256) | 142 | 52 | 227 | 137 | 123 | |
| Net income (loss) attributable to noncontrolling interest | (4) | (19) | (4) | 3 | ||||
| Net income (loss) available to common stockholders, diluted: | 49 | (275) | 138 | 55 | 227 | 137 | 123 | |
Comprehensive Income ($ in millions)Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 53 | (256) | 142 | 52 | 227 | 137 | 123 | |
| Other comprehensive income (loss) | 32 | (12) | (42) | (11) | 11 | (6) | (6) | |
| Comprehensive income (loss): | 85 | (268) | 100 | 41 | 238 | 131 | 117 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (4) | (19) | (4) | 3 | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | 81 | (287) | 96 | 44 | 238 | 131 | 117 | |
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.