Marriott Vacations Worldwide Corp VAC Income Statement

Marriott vacations worldwide corp (VAC)

Income statement / Quarterly

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	Jan'16	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	Jun'11	Mar'11	Aug'10
REVENUES
Revenue from contracts with customers
938,000	1,105,000	1,010,000	999,000	966,000	988,000	702,000	559,000	536,000	-	496,000	529,906	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financing
72,000	66,000	72,000	69,000	68,000	64,000	48,000	36,000	35,000	36,359	34,000	32,530	32,111	40,056	29,066	28,654	29,224	38,393	28,294	28,294	29,052	38,907	29,545	29,817	30,640	44,306	32,000	32,000	33,000	45,000	35,000	35,000	36,000	50,000	39,000	39,000	41,000	43,000
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,000	6,000	3,000	-	7,000	8,000	6,000	9,000	5,000	9,000	6,000	6,000
Revenues
1,010,000	1,171,000	1,082,000	1,068,000	1,034,000	1,052,000	750,000	595,000	571,000	562,264	530,000	562,436	528,300	756,021	401,637	423,171	419,171	525,952	407,136	422,827	454,880	491,129	413,038	409,902	401,947	564,688	412,000	421,000	390,000	-	383,000	383,000	376,000	-	378,000	380,000	371,000	360,000
EXPENSES
Marketing and sales
183,000	195,000	188,000	193,000	186,000	181,000	135,000	106,000	105,000	97,334	94,000	99,168	97,498	97,652	79,017	78,919	78,412	101,839	71,628	77,137	79,995	98,583	73,380	72,227	71,220	90,610	72,000	74,000	74,000	-	79,000	78,000	74,000	-	81,000	81,000	73,000	78,000
Financing
38,000	26,000	23,000	25,000	22,000	25,000	19,000	10,000	11,000	24,534	11,000	3,449	4,017	31,169	4,581	2,621	4,629	4,730	5,488	6,085	4,905	8,172	5,434	5,438	5,104	8,594	5,000	6,000	5,000	8,000	5,000	7,000	6,000	9,000	6,000	7,000	6,000	11,000
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,000	2,000	3,000	-	3,000	3,000	2,000	-	5,000	3,000	1,000	-
General and administrative
70,000	86,000	68,000	79,000	67,000	84,000	53,000	33,000	28,000	22,927	26,000	29,534	27,539	27,129	22,151	25,361	25,359	37,221	23,214	22,892	22,777	34,003	21,932	23,153	21,828	35,379	23,000	22,000	21,000	-	20,000	20,000	19,000	-	18,000	19,000	19,000	19,000
Depreciation, Depletion and Amortization, Nonproduction
32,000	35,000	33,000	36,000	37,000	33,000	18,000	5,000	6,000	-	6,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Litigation charges
-2,000	-2,000	-3,000	-1,000	-1,000	-13,000	-17,000	-16,000	0	-1,817	-2,000	-183	0	697	0	0	303	-4	0	-26	262	-	3,225	-7,575	-	-4,230	0	2,000	-1,000	-	0	2,000	-	-	-	-	-	-
Organizational and separation related
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	442	439	101	192	1,166	332	1,089	851	4,308	4,000	2,000	1,000	-	3,000	4,000	2,000	-	-	-	-	-
Consumer financing interest
-	-	-	-	-	-	-	-	-	-	-	5,654	5,938	-	5,361	5,117	5,362	8,100	5,289	5,248	6,021	8,497	5,605	5,737	6,625	6,375	7,000	7,000	8,000	-	10,000	-	-	-	-	-	-	-
Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,000	13,000	-	10,000	10,000	12,000	12,000
Royalty fee
26,000	27,000	27,000	26,000	26,000	28,000	19,000	16,000	15,000	15,623	15,000	16,307	16,070	18,993	14,624	14,026	13,357	18,551	14,000	13,431	13,000	18,550	14,339	13,653	13,428	22,049	13,000	15,000	13,000	-	14,000	14,000	13,000	-	-	-	-	-
Impairment
95,000	0	73,000	0	26,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	26	834	-	-	-	1,000	-	-	0	-	-	-	324,000	-	-	-
Cost reimbursements
318,000	289,000	280,000	252,000	287,000	273,000	234,000	202,000	216,000	-	177,000	-	197,214	416,027	97,598	98,842	107,533	119,938	92,173	92,458	101,306	115,026	91,508	90,875	99,386	124,717	84,000	85,000	91,000	108,000	81,000	83,000	90,000	114,000	77,000	77,000	81,000	72,000
TOTAL EXPENSES
1,060,000	1,017,000	1,012,000	925,000	943,000	939,000	698,000	546,000	518,000	492,465	472,000	489,309	483,226	697,931	358,906	368,674	374,489	464,534	362,983	369,812	395,463	473,492	366,883	352,144	366,999	515,768	370,000	373,000	358,000	-	362,000	376,000	359,000	-	684,000	352,000	338,000	328,000
(Losses) gains and other (expense) income, net
-56,000	11,000	-5,000	2,000	8,000	25,000	2,000	-7,000	1,000	-775	7,000	-166	-59	-129	454	10,668	7	-	-	8,625	887	-	-	-	1,233	-78	0	0	1,000	-	0	-	-	-	-	-	-	-
Interest expense
-33,000	-32,000	-31,000	-35,000	-34,000	-31,000	-14,000	-5,000	-4,000	-5,462	-2,000	-1,757	-781	-2,669	-2,262	-2,087	-1,982	-3,988	-2,839	-3,009	-2,974	-19,330	2,890	2,601	2,147	-21,574	2,000	4,000	3,000	-	5,000	-	-	-	-	-	-	-
ILG acquisition-related costs
21,000	24,000	32,000	36,000	26,000	29,000	78,000	19,000	1,000	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-3,000	0	1,000	0	0	-7,000	0	1,000	2,000	-1,469	0	100	369	8,528	-75	-1,911	-2,542	-	-20	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(LOSS) INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTERESTS
-163,000	109,000	3,000	74,000	39,000	77,000	-38,000	17,000	47,000	-	63,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,131	1,187	-13	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Losses) gains and other (expense) income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	207	409	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	38	81	37	-	-	-	-	-	-	-	-	-	-	-	-	-2,000
Impairment reversals (charges) on equity investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,000	2,000	-	-	-	-	-	0	2,000	-	-	4,000	-	-	-
INCOME BEFORE INCOME TAXES
-	-	-	-	-	-	-	-	-	-	-	71,104	43,865	-	40,848	61,167	40,165	55,547	36,163	57,444	57,343	17,363	43,510	57,647	32,071	45,204	40,000	44,000	30,000	-	16,000	9,000	17,000	-	-302,000	28,000	33,000	30,000
Income Tax Expense (Benefit)
-58,000	33,000	10,000	25,000	15,000	36,000	-2,000	6,000	11,000	-56,893	23,000	22,918	15,975	21,344	14,041	24,858	15,757	22,398	14,608	23,403	23,289	16,866	17,862	22,344	12,763	14,474	15,000	14,000	11,000	-	11,000	4,000	8,000	-	-81,000	12,000	14,000	11,000
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-105,000	76,000	-7,000	49,000	24,000	41,000	-36,000	11,000	36,000	-	40,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) Attributable to Noncontrolling Interest
1,000	2,000	2,000	0	0	-3,000	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) Attributable to Parent
-106,000	74,000	-9,000	49,000	24,000	44,000	-36,000	11,000	36,000	118,924	40,000	48,186	27,890	34,476	26,807	36,309	24,408	33,149	21,555	34,041	34,054	497	25,648	35,303	19,308	30,730	25,000	30,000	19,000	-	5,000	5,000	9,000	-	-221,000	16,000	19,000	19,000
Earnings Per Share [Abstract]
Earnings Per Share, Basic
-2.56	1.71	-0.21	1.11	0.52	0.97	-1.08	0.40	1.35	4.43	1.49	1.76	1.02	1.26	0.99	1.28	0.84	1.09	0.69	1.07	1.05	0.05	0.77	1.03	0.55	0.89	0.70	0.87	0.53	-	0.13	0.16	0.25	-	-6.57	0.47	0.58	-
Shares used in computing basic earnings per share (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	31,455	31,858	32,299	32,119	33,374	34,292	34,875	36,392	35,500	35,400	35,200	-	34,400	34,300	34,000	-	33,700	33,700	33,700	-
Earnings Per Share, Diluted
-2.56	1.69	-0.21	1.10	0.51	0.98	-1.08	0.39	1.32	4.32	1.45	1.72	1.00	1.24	0.97	1.26	0.82	1.07	0.67	1.05	1.03	0.04	0.75	1.00	0.54	0.88	0.67	0.85	0.51	-	0.12	0.15	0.24	-	-6.57	0.47	0.58	-
Shares used in computing diluted earnings per share (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32,128	32,517	33,009	33,053	34,366	35,239	35,882	36,984	36,700	36,600	36,600	-	36,200	36,100	35,700	-	33,700	33,700	33,700	-
Common Stock, Dividends, Per Share, Declared
0.54	0.54	0.45	0.45	0.45	0.45	0.40	0.40	0.40	0.40	0.35	0.35	0.35	0.35	0.30	0.30	0.30	0.30	0.25	0.25	0.25	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sale of vacation ownership products
Revenue from contracts with customers
258,000	397,000	350,000	350,000	293,000	358,000	252,000	205,000	175,000	208,267	183,000	201,856	163,877	207,169	131,012	146,450	138,369	199,251	136,802	155,370	183,906	194,692	155,384	152,562	144,850	199,284	162,000	169,000	141,000	200,000	143,000	141,000	134,000	185,000	147,000	152,000	143,000	138,000
Expenses
60,000	96,000	91,000	91,000	78,000	93,000	64,000	57,000	46,000	53,204	46,000	51,025	43,771	58,851	34,779	33,753	35,617	53,442	40,776	45,119	64,962	57,519	48,640	43,414	46,871	56,592	56,000	57,000	44,000	63,000	42,000	50,000	48,000	62,000	61,000	61,000	55,000	51,000
Management and exchange
Revenue from contracts with customers
227,000	245,000	231,000	239,000	239,000	225,000	126,000	78,000	70,000	-	70,000	-	67,419	69,902	70,185	74,156	63,757	80,253	73,828	74,063	64,417	69,169	70,981	74,821	63,546	102,848	65,000	64,000	59,000	107,000	60,000	62,000	54,000	73,000	57,000	57,000	51,000	52,000
Expenses
138,000	140,000	115,000	118,000	133,000	119,000	65,000	39,000	36,000	-	38,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Resort management and other services
Revenue from contracts with customers
-	-	-	-	-	-	-	-	-	-	-	71,940	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Expenses
-	-	-	-	-	-	-	-	-	-	-	39,413	37,471	-	39,825	44,007	39,863	44,774	47,409	45,480	42,409	36,077	47,857	48,308	44,896	72,593	45,000	46,000	43,000	73,000	47,000	49,000	44,000	60,000	47,000	47,000	44,000	47,000
Rental
Revenue from contracts with customers
135,000	174,000	149,000	158,000	147,000	132,000	90,000	74,000	75,000	59,031	66,000	69,290	67,679	22,867	73,776	75,069	80,288	88,117	76,039	72,642	76,199	73,335	65,620	61,827	63,525	68,533	65,000	65,000	63,000	58,000	57,000	54,000	56,000	64,000	53,000	46,000	49,000	49,000
Expenses
98,000	121,000	111,000	104,000	80,000	90,000	74,000	62,000	55,000	52,536	57,000	57,756	53,708	18,342	60,970	66,028	64,660	75,169	62,567	61,835	60,158	71,534	54,605	54,991	56,790	81,850	57,000	56,000	56,000	67,000	58,000	52,000	48,000	71,000	55,000	47,000	47,000	38,000
Cost reimbursements
Revenue from contracts with customers
318,000	289,000	280,000	252,000	287,000	273,000	234,000	202,000	216,000	-	177,000	186,820	197,214	416,027	97,598	98,842	107,533	119,938	92,173	92,458	101,306	115,026	91,508	90,875	99,386	124,717	84,000	85,000	91,000	108,000	81,000	83,000	90,000	114,000	77,000	77,000	81,000	72,000
Expenses
-	-	-	-	-	-	-	-	-	-	-	186,820	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-