ILG, INC. ILG Income Statement

Ilg, inc. (ILG)

Income statement / Quarterly

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	Mar'11	Sep'10	Jun'10
Revenues:
Total Revenues
461,000	482,000	438,000	446,000	450,000	452,000	455,000	418,000	297,000	186,000	164,448	174,000	174,000	184,552	166,748	146,683	143,528	157,041	122,195	119,156	124,983	134,881	110,737	117,195	118,668	126,739	99,544	106,713	105,554	116,983	100,488	101,602
Operating costs and expenses:
Cost of sales
231,000	248,000	-	-	-	-	-	-	-	-	-	-	-	82,357	-	58,995	59,761	63,850	47,722	41,991	43,421	46,376	40,466	41,741	43,261	42,791	33,856	34,708	35,333	37,523	31,175	31,522
Royalty fee expense
11,000	11,000	11,000	11,000	11,000	10,000	12,000	9,000	5,000	2,000	-	1,000	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross profit
-	-	-	-	-	-	-	-	-	-	-	-	-	102,195	-	87,688	83,767	93,191	74,473	77,165	81,562	88,505	70,271	75,454	75,407	83,948	65,688	72,005	70,221	79,460	69,313	70,080
Selling and marketing expense
81,000	78,000	73,000	77,000	80,000	73,000	69,000	66,000	42,000	17,000	15,792	18,000	19,000	18,208	18,823	14,799	13,808	14,570	12,764	12,951	14,272	13,735	12,236	13,282	14,268	13,773	12,289	13,341	14,042	13,832	12,533	13,125
General and administrative expense
65,000	59,000	55,000	58,000	58,000	54,000	50,000	56,000	54,000	38,000	38,105	40,000	36,000	35,895	38,972	31,340	31,251	31,437	30,655	27,387	28,227	26,305	26,238	26,626	26,980	25,426	22,777	23,256	24,160	24,315	22,802	20,931
Amortization expense of intangibles
5,000	5,000	5,000	5,000	5,000	5,000	5,000	6,000	5,000	3,000	3,499	4,000	3,000	3,501	3,260	2,879	2,895	2,966	2,275	1,950	1,896	2,012	2,040	6,669	7,289	7,043	6,853	6,830	6,805	6,813	6,575	6,575
Depreciation expense
16,000	15,000	15,000	15,000	15,000	15,000	15,000	14,000	9,000	5,000	5,731	4,000	4,000	4,269	4,566	3,765	3,876	3,793	3,672	3,499	3,696	3,664	3,590	3,311	3,222	3,306	3,271	3,319	3,397	3,290	2,644	2,601
Total operating costs and expenses
409,000	416,000	383,000	392,000	404,000	388,000	384,000	371,000	270,000	146,000	-	141,000	143,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income
52,000	66,000	55,000	54,000	46,000	64,000	71,000	47,000	27,000	40,000	23,678	33,000	31,000	40,322	19,733	34,905	31,937	40,425	25,107	31,378	33,471	42,789	26,167	25,566	23,648	34,400	20,498	25,259	21,817	31,210	24,759	26,848
Other income (expense):
Interest income
1,000	-	-	-	-	-	-	-	-	-	0	0	733	267	-	55	55	44	79	60	72	151	254	535	577	426	443	433	266	121	120	125
Interest expense
7,000	7,000	7,000	7,000	7,000	5,000	5,000	6,000	6,000	6,000	6,247	6,000	6,000	2,753	2,519	1,529	1,628	1,324	1,613	1,295	1,611	1,653	1,755	6,485	8,825	8,564	8,707	8,762	9,140	8,966	8,847	9,170
Gain on bargain purchase
-	-	-	-	2,000	-	-	-9,000	197,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income (expense), net
-5,000	5,000	-10,000	-1,000	-2,000	10,000	-5,000	-4,000	1,000	1,000	-1,921	3,000	1,000	921	1,905	511	-280	-136	-635	-65	1,479	-520	-48	-915	980	-2,473	822	2,488	-570	-1,160	-702	441
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-17,925	-602	-	-	-	-	-	-	-
Equity in earnings from unconsolidated entities
0	1,000	0	1,000	2,000	1,000	1,000	2,000	1,000	1,000	1,476	1,000	1,000	1,524	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other income (expense), net
-11,000	-1,000	-16,000	-7,000	-5,000	6,000	-33,000	-17,000	193,000	-4,000	-5,959	-2,000	-4,000	-41	-	-963	-1,853	-1,416	-2,169	-1,300	-60	-2,022	-1,549	-24,790	-7,870	-10,611	-7,442	-5,841	-9,444	-10,005	-9,429	-8,604
Earnings before income taxes and noncontrolling interests
41,000	65,000	39,000	47,000	41,000	70,000	38,000	30,000	220,000	36,000	17,719	31,000	27,000	40,281	23,965	33,942	30,084	39,009	22,938	30,078	33,411	40,767	24,618	776	15,778	23,789	13,056	19,418	12,373	21,205	15,330	18,244
Income tax provision
13,000	20,000	-30,000	17,000	14,000	25,000	10,000	-2,000	36,000	13,000	5,508	11,000	10,000	14,492	8,157	11,838	10,690	14,315	3,841	12,973	12,841	15,757	9,341	624	5,727	8,560	4,062	7,982	4,875	8,007	6,038	6,927
Net income
28,000	45,000	69,000	30,000	27,000	45,000	28,000	32,000	184,000	23,000	12,211	20,000	17,000	25,789	15,808	22,104	19,394	24,694	19,097	17,105	20,570	25,010	15,277	152	10,051	15,229	8,994	11,436	7,498	13,198	9,292	11,317
Net income attributable to noncontrolling interests
1,000	2,000	1,000	1,000	0	1,000	0	0	1,000	1,000	0	1,000	473	527	178	809	1,034	979	555	4	0	6	1	3	-1	4	-	2	-4	3	-	-3
Net income attributable to common stockholders
27,000	43,000	68,000	29,000	27,000	44,000	28,000	32,000	183,000	22,000	11,738	19,000	17,000	25,262	15,630	21,295	18,360	23,715	18,542	17,101	20,570	25,004	15,276	149	10,052	15,225	8,995	11,434	7,502	13,195	9,292	11,320
Earnings per share attributable to common stockholders:
Basic (in dollars per share)
0.21	0.35	0.54	0.24	0.22	0.36	0.09	0.26	1.89	0.38	0.22	0.33	0.29	0.44	0.28	0.37	0.32	0.41	0.32	0.30	0.36	0.44	0.27	0.00	0.18	0.27	0.16	0.20	0.13	0.23	0.16	0.20
Diluted (in dollars per share)
0.21	0.34	0.54	0.23	0.22	0.35	0.10	0.25	1.87	0.38	0.20	0.33	0.29	0.44	0.26	0.37	0.32	0.41	0.31	0.29	0.36	0.44	0.26	0.00	0.18	0.27	0.15	0.20	0.13	0.23	0.16	0.20
Weighted average number of shares of common stock outstanding (in 000's):
Basic (in shares)
124,241	123,826	123,624	124,122	124,384	123,998	124,000	124,762	97,091	57,619	57,491	57,477	57,453	57,179	57,100	57,098	57,669	57,505	57,376	57,353	57,315	56,928	56,853	56,714	56,540	56,089	56,019	57,245	57,472	57,188	56,993	56,886
Diluted (in shares)
125,874	125,751	125,607	126,002	126,141	125,582	125,354	125,763	97,857	57,954	58,113	58,055	58,041	57,747	57,882	57,683	58,169	58,078	58,112	57,986	57,795	57,435	57,631	57,364	57,321	56,676	56,844	57,861	58,311	58,084	57,722	57,735
Dividends declared per share of common stock (in dollars per share)
0.17	0.17	0.15	0.15	0.15	0.15	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.11	0.11	0.11	0.11	-	0.11	0.11	-	0.20	0.10	0.10	0.10	-	-	-	-	-	-
Service and membership related
Total Revenues
121,000	123,000	142,000	119,000	119,000	126,000	113,000	119,000	110,000	112,000	-	108,000	104,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of sales
67,000	64,000	61,000	33,000	32,000	32,000	37,000	30,000	27,000	24,000	-	26,000	25,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Vacation ownership products
Total Revenues
121,000	123,000	114,000	118,000	123,000	110,000	152,000	96,000	49,000	9,000	-	7,000	10,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of sales
22,000	39,000	17,000	17,000	29,000	27,000	43,000	31,000	19,000	6,000	-	1,000	7,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rental and ancillary services
Total Revenues
104,000	118,000	87,000	95,000	97,000	107,000	84,000	92,000	63,000	26,000	-	20,000	22,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of sales
70,000	72,000	65,000	78,000	78,000	78,000	62,000	67,000	42,000	14,000	-	9,000	11,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Consumer financing
Total Revenues
23,000	24,000	23,000	23,000	22,000	21,000	21,000	23,000	11,000	2,000	-	1,000	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of sales
7,000	8,000	9,000	7,000	7,000	6,000	-	4,000	3,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost reimbursements
Total Revenues
45,000	44,000	72,000	91,000	89,000	88,000	85,000	88,000	64,000	37,000	-	38,000	37,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of sales
65,000	65,000	72,000	91,000	89,000	88,000	85,000	88,000	64,000	37,000	-	38,000	37,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-