Marriott Vacations Worldwide Corp VAC Balance Sheet

Marriott vacations worldwide corp (VAC)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Aug'16	Jun'16	Mar'16	Dec'15	Aug'15	Jun'15	Mar'15	Dec'14	Aug'14	Jun'14	Mar'14	Dec'13	Aug'13	May'13	Mar'13	Dec'12	Aug'12	May'12	Mar'12	Dec'11	Aug'11	Dec'10
ASSETS
Cash and cash equivalents
651	287	183	179	222	231	441	547	323	409	440	85	101	147	174	97	106	177	321	250	272	346	146	170	159	200	288	104	119	103	212	83	77	110	25	26
Restricted cash (including $71 and $64 from VIEs, respectively)
369	414	322	337	356	383	365	170	61	82	61	58	64	66	117	68	55	71	121	65	62	109	65	42	74	86	65	64	46	68	72	72	59	81	65	66
Accounts receivable, net (including $13 and $13 from VIEs, respectively)
267	323	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts Receivable, after Allowance for Credit Loss
-	-	372	327	277	324	236	67	63	92	136	131	127	85	134	142	131	131	128	116	114	109	113	121	130	109	117	101	111	100	121	101	110	104	95	100
Vacation ownership notes receivable, net (including $1,822 and $1,750 from VIEs, respectively)
2,159	2,233	2,168	2,098	2,055	2,039	1,959	1,167	1,132	1,115	1,076	1,036	997	970	927	903	908	920	887	878	888	917	912	920	936	970	978	988	1,016	1,056	1,065	1,076	1,110	1,149	1,178	1,254
Inventory
776	859	910	888	910	863	829	690	726	398	735	744	692	727	714	702	715	669	721	704	724	772	799	826	850	870	859	869	873	888	897	907	932	959	1,014	1,412
Property and equipment
833	718	770	837	848	951	952	246	251	583	253	249	202	203	214	228	222	288	247	188	188	147	212	215	229	254	250	252	256	261	272	275	282	285	291	310
Goodwill
2,817	2,892	2,890	2,824	2,828	2,828	2,747	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangibles, net
989	1,027	1,044	1,075	1,092	1,107	1,216	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	403	333
Other (including $36 and $39 from VIEs, respectively)
571	461	400	458	524	292	268	166	200	166	119	127	160	122	102	109	191	140	98	117	138	127	100	116	141	143	103	133	148	137	107	133	151	157	94	141
Assets
9,432	9,214	9,059	9,023	9,112	9,018	9,013	3,057	2,759	2,845	2,823	2,433	2,346	2,320	2,386	2,253	2,330	2,399	2,527	2,323	2,388	2,530	2,347	2,410	2,519	2,632	2,660	2,511	2,569	2,613	2,746	2,647	2,721	2,845	3,165	3,642
LIABILITIES AND EQUITY
Accounts payable
169	286	248	164	168	301	181	84	79	145	76	76	72	124	79	74	80	139	77	80	76	114	79	75	86	129	94	81	81	113	79	81	89	145	67	87
Advance deposits
161	187	185	186	128	171	-	-	96	84	60	59	61	82	86	80	77	49	66	64	63	60	55	55	53	48	44	46	47	64	43	44	42	46	56	48
Contract Liabilities
-	-	-	542	565	-	449	194	-	153	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued liabilities (including $2 and $2 from VIEs, respectively)
344	397	293	417	520	246	370	99	121	120	128	112	154	105	144	132	178	163	150	137	171	165	147	168	210	185	149	152	175	181	147	127	121	121	118	92
Deferred revenue
536	433	436	356	437	383	-	-	114	69	103	115	127	59	47	30	28	78	44	32	27	38	23	19	16	19	19	21	21	32	49	35	27	28	48	56
Payroll and benefits liability
164	186	185	172	172	210	194	85	81	112	97	87	81	96	81	75	75	104	87	74	73	93	77	67	66	82	80	74	66	82	72	59	52	55	71	72
Liability for Marriott Rewards customer loyalty program
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	73	79	84	89	92	100	107	114	126	134	147	159	179	194	215	225	179	220
Deferred compensation liability
103	110	104	102	100	93	94	82	79	75	72	69	67	63	59	57	55	51	48	46	44	41	40	39	38	37	37	37	37	45	45	45	47	47	63	64
Securitized debt, net (including $1,925 and $1,871 from VIEs, respectively)
1,926	1,871	1,686	1,792	1,688	1,714	-	-	-	835	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt, net
2,778	2,216	2,294	2,157	2,201	2,104	2,235	1,332	1,012	260	1,153	773	683	737	804	733	689	678	769	561	618	703	538	570	597	678	751	647	686	678	793	714	774	850	833	1,022
Mandatorily redeemable preferred stock of consolidated subsidiary, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	39	39	39	38	38	38	38	38	40	40	40	40	40	40	40	40	40	40	40	40	-	-
Other
189	197	199	64	15	12	15	11	11	14	12	12	15	16	43	56	72	11	38	50	59	27	33	45	57	31	36	48	59	38	80	93	96	76	82	77
Deferred taxes
290	300	307	343	332	318	266	101	96	90	169	156	149	143	132	126	114	109	94	96	87	78	93	58	61	60	66	41	42	42	67	61	70	78	-	-
TOTAL LIABILITIES
6,660	6,183	5,937	5,753	5,761	5,552	5,492	1,991	1,693	1,804	1,873	1,464	1,412	1,425	1,517	1,406	1,411	1,423	1,491	1,262	1,346	1,450	1,217	1,236	1,331	1,423	1,442	1,321	1,401	1,474	1,594	1,493	1,573	1,711	1,517	1,738
Contingencies and Commitments (Note 11)
-	-	-	-	-	-	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
Preferred stock — $0.01 par value; 2,000,000 shares authorized; none issued or 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	0	0	0	0	0	-	0
Common stock — $0.01 par value; 100,000,000 shares authorized; 75,235,823 and 75,020,272 shares issued, respectively
1	1	1	1	1	1	1	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
Treasury stock — at cost; 34,196,625 and 33,438,176 shares, respectively
1,335	1,253	1,130	1,004	895	790	696	695	695	694	689	610	606	607	592	593	503	429	335	295	277	229	161	115	63	26	-	-	-	0	-	-	-	-	-	-
Divisional equity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,876
Additional paid-in capital
3,729	3,738	3,740	3,730	3,717	3,721	3,697	1,190	1,184	1,189	1,184	1,161	1,159	1,163	1,142	1,139	1,149	1,150	1,138	1,135	1,128	1,137	1,109	1,129	1,127	1,130	1,122	1,119	1,116	1,116	1,113	1,122	1,118	1,117	-	-
Net Parent Investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,619	-
Accumulated other comprehensive loss
-77	-36	-19	-11	4	6	16	15	22	17	17	12	9	5	12	12	12	11	13	14	11	17	20	23	23	23	20	20	20	21	18	17	23	19	29	28
Retained earnings
441	569	520	548	519	523	478	554	554	529	436	404	370	334	306	287	259	243	219	205	179	153	162	137	101	82	76	51	32	2	21	15	7	-2	-	-
Stockholders' Equity Attributable to Parent
2,759	3,019	3,112	3,264	3,346	3,461	3,496	1,065	1,066	1,041	949	968	933	895	868	846	919	976	1,035	1,060	1,042	1,079	1,130	1,174	1,188	1,209	1,218	1,190	1,168	1,139	1,152	1,154	1,148	1,134	1,648	1,904
Noncontrolling interests
13	12	10	6	5	5	25	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
TOTAL EQUITY
2,772	3,031	3,122	3,270	3,351	3,466	3,521	-	-	1,041	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
TOTAL LIABILITIES AND EQUITY
9,432	9,214	9,059	9,023	9,112	9,018	9,013	3,057	2,759	2,845	2,823	2,433	2,346	2,320	2,386	2,253	2,330	2,399	2,527	2,323	2,388	2,530	2,347	2,410	2,519	2,632	2,660	2,511	2,569	2,613	2,746	2,647	2,721	2,845	3,165	3,642