| Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Dec'16 | Sep'16 | Jun'16 | Mar'16 | Dec'15 | Sep'15 | Jun'15 | Mar'15 | Dec'14 | Sep'14 | Jun'14 | Mar'14 | Dec'13 | Sep'13 | Jun'13 | Mar'13 | Dec'12 | Sep'12 | Jun'12 | Mar'12 | Dec'11 | Sep'11 | Jun'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||||||||||||||||||||||
Cash and cash equivalents | |||||||||||||||||||||||||||||
143,000 | 158,000 | 122,000 | 211,000 | 173,000 | 171,000 | 126,000 | 158,000 | 127,000 | 96,850 | 93,000 | 101,417 | 92,241 | 97,092 | 80,493 | 83,947 | 74,610 | 64,883 | 48,462 | 103,563 | 108,999 | 132,527 | 101,162 | 131,957 | 121,135 | 179,885 | 195,517 | 190,952 | 210,139 | 180,502 |
Restricted cash and cash equivalents (including $17 and $19 in variable interest entities, "VIEs," respectively) | |||||||||||||||||||||||||||||
215,000 | 252,000 | 227,000 | 135,000 | 64,000 | 66,000 | 114,000 | 102,000 | 71,000 | 12,043 | 17,000 | 15,636 | 16,030 | 15,183 | 19,984 | 6,011 | 7,676 | 9,365 | 7,421 | 5,828 | 9,450 | 8,213 | 7,348 | 5,752 | 6,133 | 6,966 | 3,488 | 3,108 | 3,003 | 4,118 |
Accounts receivable, net of allowance for doubtful accounts of $13 for both periods | |||||||||||||||||||||||||||||
115,000 | 125,000 | 121,000 | 111,000 | 96,000 | 122,000 | 97,000 | 92,000 | 91,000 | 83,908 | 48,000 | 53,224 | 63,750 | 65,405 | 45,850 | 42,822 | 48,776 | 58,405 | 39,819 | 35,854 | 44,621 | 52,503 | 31,964 | 31,796 | 40,882 | 45,422 | 27,117 | 28,665 | 31,698 | 24,420 |
Vacation ownership mortgages receivable, net of allowance of $5 and $4, respectively (including a net $56 and $61 in VIEs, respectively) | |||||||||||||||||||||||||||||
77,000 | 82,000 | 79,000 | 82,000 | 80,000 | 84,000 | 88,000 | 86,000 | 90,000 | 5,741 | 6,000 | 6,093 | 6,344 | 6,546 | 7,169 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Vacation ownership inventory | |||||||||||||||||||||||||||||
486,000 | 497,000 | 496,000 | 411,000 | 320,000 | 295,000 | 195,000 | 342,000 | 301,000 | 44,979 | 47,000 | 48,843 | 50,614 | 52,427 | 54,061 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Deferred membership costs | |||||||||||||||||||||||||||||
- | - | - | - | - | - | - | 8,000 | - | 8,109 | - | 8,497 | 8,740 | 8,843 | 8,716 | 8,990 | 9,152 | 9,226 | 9,828 | 9,957 | 10,019 | 10,453 | 12,349 | 12,669 | 12,814 | 12,484 | 12,461 | 12,549 | 12,672 | 11,775 |
Deferred income taxes | |||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | 8,000 | - | - | 16,586 | 17,103 | 16,432 | 16,441 | 15,827 | 16,453 | 16,977 | 17,714 | 16,535 | 16,706 | 16,660 | 16,107 | 17,395 | 18,038 | 18,177 | 18,424 | 17,875 | 19,170 | 19,865 |
Prepaid income taxes | |||||||||||||||||||||||||||||
36,000 | 39,000 | 58,000 | 28,000 | 37,000 | 37,000 | 47,000 | - | - | 190 | 13,000 | 7,776 | 17,432 | 9,632 | 22,029 | 8,323 | 13,809 | - | 11,211 | 9,435 | 11,175 | - | 12,973 | 16,120 | 10,842 | - | 2,245 | 1,739 | 7,381 | 8,539 |
Prepaid expenses | |||||||||||||||||||||||||||||
91,000 | 105,000 | 64,000 | 55,000 | 67,000 | 79,000 | 49,000 | - | - | - | 20,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Other current assets (including $3 and $4 of interest receivables in VIEs, respectively) | |||||||||||||||||||||||||||||
30,000 | 33,000 | 33,000 | 33,000 | 34,000 | 31,000 | 30,000 | - | - | - | 14,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Prepaid expenses and other current assets (including $3 and $0 of interest receivables in VIEs, respectively) | |||||||||||||||||||||||||||||
- | - | - | - | - | - | - | 66,000 | 75,000 | 30,684 | - | 23,191 | 23,995 | 27,046 | 30,230 | 24,196 | 24,440 | 32,638 | 24,107 | 20,655 | 22,227 | 26,285 | 27,592 | 23,864 | 24,204 | 27,419 | 26,387 | 23,358 | 23,835 | 23,527 |
Total current assets | |||||||||||||||||||||||||||||
1,193,000 | 1,291,000 | 1,200,000 | 1,066,000 | 871,000 | 885,000 | 746,000 | 854,000 | 763,000 | 282,504 | 258,000 | 281,263 | 296,249 | 298,606 | 284,973 | 190,116 | 194,916 | 191,494 | 158,562 | 201,827 | 223,197 | 246,641 | 209,495 | 239,553 | 234,048 | 290,353 | 285,639 | 278,246 | 307,898 | 272,746 |
Restricted cash and cash equivalents (including $1 in variable interest entities, "VIEs" for both periods) | |||||||||||||||||||||||||||||
4,000 | 4,000 | 3,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 3,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Vacation ownership mortgages receivable, net of allowance of $69 and $51, respectively (including a net $423 and $498 in VIEs, respectively) | |||||||||||||||||||||||||||||
657,000 | 651,000 | 658,000 | 631,000 | 630,000 | 627,000 | 642,000 | 650,000 | 643,000 | 27,074 | 26,000 | 26,180 | 26,966 | 27,420 | 29,333 | - | - | - | - | - | - | - | - | - | 23,505 | 24,887 | - | - | - | - |
Vacation ownership inventory | |||||||||||||||||||||||||||||
72,000 | 60,000 | 60,000 | 115,000 | 169,000 | 134,000 | 189,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Investments in unconsolidated entities | |||||||||||||||||||||||||||||
54,000 | 54,000 | 55,000 | 57,000 | 57,000 | 60,000 | 59,000 | 59,000 | 58,000 | 44,193 | 38,000 | 37,190 | 35,891 | 34,961 | 33,486 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Property and equipment, net | |||||||||||||||||||||||||||||
606,000 | 621,000 | 616,000 | 599,000 | 597,000 | 604,000 | 580,000 | 568,000 | 561,000 | 92,765 | 91,000 | 86,211 | 86,111 | 85,300 | 86,601 | 62,008 | 61,089 | 58,865 | 59,556 | 53,130 | 52,304 | 52,501 | 53,348 | 52,658 | 52,437 | 51,789 | 50,639 | 50,778 | 50,307 | 50,900 |
Goodwill | |||||||||||||||||||||||||||||
564,000 | 565,000 | 564,000 | 564,000 | 564,000 | 559,000 | 558,000 | 559,000 | 560,000 | 560,904 | 561,000 | 561,817 | 562,469 | 561,426 | 562,250 | 540,545 | 541,112 | 541,014 | 540,839 | 505,774 | 505,774 | 505,774 | 505,774 | 505,774 | 505,774 | 505,774 | 488,027 | 488,027 | 488,027 | 488,027 |
Intangible assets, net | |||||||||||||||||||||||||||||
428,000 | 438,000 | 440,000 | 444,000 | 447,000 | 449,000 | 453,000 | 466,000 | 474,000 | 244,413 | 250,000 | 255,970 | 263,039 | 260,847 | 268,875 | 215,536 | 221,553 | 223,895 | 225,864 | 93,270 | 94,770 | 96,666 | 98,678 | 100,718 | 107,387 | 114,676 | 98,769 | 105,622 | 106,852 | 120,470 |
Deferred membership costs | |||||||||||||||||||||||||||||
- | - | - | - | - | - | - | 9,000 | 9,000 | 9,650 | - | 10,082 | 10,498 | 10,752 | 10,948 | 11,293 | 11,452 | 11,535 | 10,741 | 11,196 | 11,673 | 12,483 | 11,058 | 11,924 | 12,815 | 13,736 | 13,331 | 13,978 | 14,777 | 16,108 |
Deferred income taxes | |||||||||||||||||||||||||||||
- | - | - | 9,000 | 10,000 | 10,000 | 9,000 | 5,000 | 5,000 | 273 | - | 102 | 99 | 91 | 112 | 3,764 | 3,873 | 3,854 | 3,820 | 4,566 | 4,317 | 4,277 | 4,571 | 5,279 | 5,060 | 5,179 | 5,025 | 5,850 | 6,002 | 5,767 |
Other non-current assets | |||||||||||||||||||||||||||||
83,000 | 86,000 | 91,000 | 90,000 | 89,000 | 72,000 | 74,000 | 58,000 | 57,000 | 44,457 | 55,000 | 43,587 | 44,987 | 50,272 | 47,424 | 25,597 | 26,923 | 28,010 | 25,237 | 11,852 | 12,564 | 12,416 | 23,996 | 23,712 | 19,544 | 17,610 | 34,892 | 35,173 | 35,133 | 24,366 |
TOTAL ASSETS | |||||||||||||||||||||||||||||
3,661,000 | 3,770,000 | 3,687,000 | 3,579,000 | 3,438,000 | 3,404,000 | 3,314,000 | 3,232,000 | 3,133,000 | 1,306,233 | 1,279,000 | 1,302,402 | 1,326,309 | 1,329,675 | 1,324,002 | 1,048,859 | 1,060,918 | 1,058,667 | 1,024,619 | 881,615 | 904,599 | 930,758 | 906,920 | 939,618 | 960,570 | 1,024,004 | 976,322 | 977,674 | 1,008,996 | 978,384 |
LIABILITIES AND EQUITY | |||||||||||||||||||||||||||||
LIABILITIES: | |||||||||||||||||||||||||||||
Accounts payable, trade | |||||||||||||||||||||||||||||
46,000 | 52,000 | 46,000 | 54,000 | 55,000 | 55,000 | 64,000 | 60,000 | 40,000 | 22,490 | 36,000 | 23,798 | 25,473 | 27,412 | 39,082 | 11,482 | 11,807 | 16,376 | 13,793 | 10,963 | 12,828 | 13,380 | 11,086 | 12,873 | 12,141 | 14,251 | 11,905 | 10,073 | 11,543 | 11,302 |
Current portion of securitized debt from VIEs | |||||||||||||||||||||||||||||
128,000 | 135,000 | 146,000 | 163,000 | 103,000 | 105,000 | 111,000 | 123,000 | 42,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Deferred revenue | |||||||||||||||||||||||||||||
177,000 | 224,000 | 162,000 | 100,000 | 115,000 | 130,000 | 87,000 | 142,000 | 149,000 | 108,010 | 86,000 | 95,786 | 102,513 | 109,895 | 89,850 | 97,915 | 102,473 | 109,630 | 92,503 | 95,228 | 101,399 | 113,950 | 93,367 | 100,412 | 105,929 | 110,572 | 91,214 | 97,457 | 102,101 | 94,651 |
Income taxes payable | |||||||||||||||||||||||||||||
- | - | - | - | - | - | - | 3,000 | 11,000 | - | - | - | - | - | - | - | - | - | - | - | - | 1,266 | - | - | - | 3,988 | - | - | - | - |
Interest payable | |||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 157 | 247 | 499 | - | 730 | 9,777 | 2,623 | 9,749 | 2,619 | 9,744 | 9,745 |
Accrued compensation and benefits | |||||||||||||||||||||||||||||
64,000 | 68,000 | 72,000 | 73,000 | 62,000 | 66,000 | 70,000 | 72,000 | 61,000 | 29,125 | 26,000 | 28,506 | 30,231 | 32,481 | 28,891 | 22,882 | 23,483 | 19,739 | 23,214 | 18,153 | 18,523 | 16,760 | 16,526 | 16,433 | 17,293 | 18,894 | 15,242 | 11,527 | 12,002 | 14,941 |
Member deposits | |||||||||||||||||||||||||||||
- | - | - | - | - | - | - | 7,000 | 7,000 | 7,696 | 8,000 | 8,108 | 8,461 | 8,901 | 8,222 | 8,794 | 8,925 | 9,646 | 8,977 | 9,549 | 10,014 | 9,919 | 9,463 | 9,471 | 9,702 | 10,113 | 9,262 | 9,324 | 9,251 | 9,692 |
Accrued expenses and other current liabilities (including a net $1 of interest payables in VIEs for both periods) | |||||||||||||||||||||||||||||
256,000 | 249,000 | 215,000 | 220,000 | 217,000 | 222,000 | 186,000 | 216,000 | 193,000 | 69,463 | 56,000 | 68,210 | 64,579 | 55,259 | 47,923 | 45,392 | 52,700 | 59,345 | 51,071 | 38,766 | 42,389 | 44,204 | 44,961 | 38,956 | 45,397 | 55,827 | 40,638 | 44,403 | 45,382 | 38,787 |
Current portion of long-term debt | |||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 13,659 | - | 0 | 0 | - |
Total current liabilities | |||||||||||||||||||||||||||||
671,000 | 728,000 | 641,000 | 610,000 | 552,000 | 578,000 | 518,000 | 623,000 | 503,000 | 236,784 | 212,000 | 224,408 | 231,257 | 233,948 | 213,968 | 186,465 | 199,388 | 214,736 | 189,558 | 172,816 | 185,400 | 199,978 | 175,403 | 178,875 | 200,239 | 229,927 | 178,010 | 175,403 | 190,023 | 179,118 |
Long-term debt | |||||||||||||||||||||||||||||
548,000 | 563,000 | 562,000 | 513,000 | 653,000 | 601,000 | 580,000 | 415,000 | 624,000 | 402,988 | 416,000 | 415,260 | 434,838 | 458,000 | 484,383 | 258,000 | 268,000 | 248,000 | 253,000 | 190,000 | 215,000 | 240,000 | 260,000 | 290,000 | 285,468 | 322,131 | 340,113 | 344,436 | 348,796 | 357,576 |
Securitized debt from VIEs | |||||||||||||||||||||||||||||
361,000 | 395,000 | 429,000 | 490,000 | 262,000 | 293,000 | 319,000 | 344,000 | 103,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Income taxes payable, non-current | |||||||||||||||||||||||||||||
2,000 | 2,000 | 11,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Other long-term liabilities | |||||||||||||||||||||||||||||
118,000 | 119,000 | 118,000 | 70,000 | 65,000 | 48,000 | 47,000 | 50,000 | 60,000 | 19,259 | 19,000 | 17,936 | 18,648 | 17,859 | 18,247 | 5,400 | 4,013 | 6,044 | 14,156 | 1,068 | 1,109 | 1,126 | 1,493 | 6,242 | 6,896 | 6,891 | 7,053 | 11,691 | 10,900 | 11,697 |
Deferred revenue | |||||||||||||||||||||||||||||
82,000 | 84,000 | 76,000 | 78,000 | 80,000 | 82,000 | 79,000 | 83,000 | 85,000 | 87,424 | 87,000 | 90,017 | 93,346 | 94,607 | 93,730 | 97,370 | 100,038 | 102,287 | 100,494 | 103,218 | 105,440 | 107,251 | 111,273 | 114,818 | 117,621 | 120,208 | 119,772 | 123,156 | 126,165 | 124,928 |
Deferred income taxes | |||||||||||||||||||||||||||||
142,000 | 140,000 | 133,000 | 172,000 | 174,000 | 173,000 | 165,000 | 124,000 | 142,000 | 82,273 | 79,000 | 93,878 | 93,870 | 92,183 | 92,869 | 88,764 | 89,573 | 90,336 | 90,452 | 87,373 | 85,450 | 85,838 | 86,259 | 83,071 | 81,623 | 81,819 | 82,270 | 82,823 | 83,247 | 83,434 |
Total liabilities | |||||||||||||||||||||||||||||
1,924,000 | 2,031,000 | 1,970,000 | 1,938,000 | 1,791,000 | 1,780,000 | 1,713,000 | 1,644,000 | 1,522,000 | 828,728 | 813,000 | 841,499 | 871,959 | 896,597 | 903,197 | 635,999 | 661,012 | 661,403 | 647,660 | 554,475 | 592,399 | 634,193 | 634,428 | 673,006 | 691,847 | 760,976 | 727,218 | 737,509 | 759,131 | 756,753 |
Redeemable noncontrolling interest | |||||||||||||||||||||||||||||
1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 713 | 1,000 | 707 | 699 | 697 | 457 | 452 | 444 | 444 | 426 | 435 | 431 | 432 | 426 | 425 | 422 | 424 | 419 | 420 | 418 | 419 |
Commitments and contingencies | |||||||||||||||||||||||||||||
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
EQUITY: | |||||||||||||||||||||||||||||
Preferred stockauthorized 25,000,000 shares, of which 100,000 shares are designated Series A Junior Participating Preferred Stock; $0.01 par value; none issued and outstanding | |||||||||||||||||||||||||||||
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Common stockauthorized 300,000,000 shares; $0.01 par value; issued 134,403,465 and 134,053,132 shares, respectively | |||||||||||||||||||||||||||||
1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 604 | 1,000 | 599 | 598 | 598 | 595 | 595 | 595 | 594 | 591 | 591 | 590 | 590 | 586 | 586 | 583 | 582 | 577 | 577 | 575 | 571 |
Treasury stock 9,987,627 shares at cost each period | |||||||||||||||||||||||||||||
164,000 | 164,000 | 164,000 | 164,000 | 139,000 | 139,000 | 136,000 | 135,000 | 96,000 | 35,034 | 35,000 | 35,034 | 35,034 | 35,034 | 35,034 | 35,034 | 34,542 | 20,913 | 20,913 | 20,913 | 20,913 | 20,913 | 20,913 | 20,913 | 20,913 | 20,913 | 20,913 | 19,258 | - | - |
Additional paid-in capital | |||||||||||||||||||||||||||||
1,281,000 | 1,277,000 | 1,278,000 | 1,274,000 | 1,269,000 | 1,263,000 | 1,262,000 | 1,257,000 | 1,251,000 | 214,448 | 214,000 | 210,456 | 206,756 | 202,823 | 201,834 | 198,648 | 195,540 | 192,557 | 191,106 | 188,576 | 185,922 | 182,963 | 182,131 | 179,630 | 178,448 | 175,089 | 173,518 | 170,746 | 169,059 | 164,162 |
Retained earnings | |||||||||||||||||||||||||||||
615,000 | 610,000 | 597,000 | 535,000 | 525,000 | 517,000 | 499,000 | 480,000 | 463,000 | 295,653 | 281,000 | 275,436 | 263,433 | 253,889 | 235,945 | 226,857 | 212,009 | 200,140 | 182,935 | 170,873 | 160,258 | 146,164 | 121,160 | 117,566 | 123,257 | 119,062 | 109,686 | 100,691 | 89,257 | 68,560 |
Accumulated other comprehensive loss | |||||||||||||||||||||||||||||
-36,000 | -26,000 | -33,000 | -34,000 | -39,000 | -46,000 | -52,000 | -45,000 | -40,000 | -31,953 | -29,000 | -25,219 | -19,005 | -25,037 | -19,297 | -13,034 | -8,869 | -9,490 | -9,894 | -12,422 | -14,088 | -12,671 | -10,898 | -10,682 | -13,074 | -11,216 | -14,183 | -13,011 | -9,444 | -12,081 |
Total ILG stockholders' equity | |||||||||||||||||||||||||||||
1,697,000 | 1,698,000 | 1,679,000 | 1,612,000 | 1,617,000 | 1,596,000 | 1,574,000 | 1,558,000 | 1,579,000 | 443,718 | 432,000 | 426,238 | 416,748 | 397,239 | 384,043 | 378,032 | 364,733 | 362,888 | 343,825 | 326,705 | 311,769 | 296,133 | 272,066 | 266,187 | 268,301 | 262,604 | 248,685 | 239,745 | 249,447 | 221,212 |
Noncontrolling interests | |||||||||||||||||||||||||||||
39,000 | 40,000 | 37,000 | 28,000 | 29,000 | 27,000 | 26,000 | 29,000 | 31,000 | 33,074 | 33,000 | 33,958 | 36,903 | 35,142 | 36,305 | 34,376 | 34,729 | 33,932 | 32,708 | - | - | - | - | - | - | - | - | - | - | - |
Total equity | |||||||||||||||||||||||||||||
1,736,000 | 1,738,000 | 1,716,000 | 1,640,000 | 1,646,000 | 1,623,000 | 1,600,000 | 1,587,000 | 1,610,000 | 476,792 | 465,000 | 460,196 | 453,651 | 432,381 | 420,348 | 412,408 | 399,462 | 396,820 | 376,533 | - | - | - | 272,066 | - | - | - | - | - | - | - |
TOTAL LIABILITIES AND EQUITY | |||||||||||||||||||||||||||||
3,661,000 | 3,770,000 | 3,687,000 | 3,579,000 | 3,438,000 | 3,404,000 | 3,314,000 | 3,232,000 | 3,133,000 | 1,306,233 | 1,279,000 | 1,302,402 | 1,326,309 | 1,329,675 | 1,324,002 | 1,048,859 | 1,060,918 | 1,058,667 | 1,024,619 | 881,615 | 904,599 | 930,758 | 906,920 | 939,618 | 960,570 | 1,024,004 | 976,322 | 977,674 | 1,008,996 | 978,384 |