Marriott vacations worldwide corp (VAC)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Aug'16Jun'16Mar'16Jan'16Aug'15Jun'15Mar'15Aug'14Jun'14Mar'14Aug'13May'13Mar'13Dec'12Aug'12May'12Mar'12Dec'11Aug'11Jun'11Mar'11Aug'10
REVENUES
Revenue from contracts with customers

4,052,000

4,080,000

3,963,000

3,655,000

3,215,000

2,785,000

2,293,000

2,120,906

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financing

279,000

275,000

273,000

249,000

216,000

183,000

155,359

141,359

137,889

135,000

138,697

133,763

129,887

127,000

125,337

124,565

124,205

124,033

124,547

125,798

127,321

134,308

136,763

138,946

142,000

145,000

148,000

151,000

156,000

160,000

164,000

169,000

162,000

0

0

0

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22,000

25,000

27,000

-

30,000

28,000

29,000

29,000

26,000

0

0

0

Revenues

4,331,000

4,355,000

4,236,000

3,904,000

3,431,000

2,968,000

2,478,264

2,258,264

2,225,700

2,183,000

2,376,757

2,248,394

2,109,129

2,000,000

1,769,931

1,775,430

1,775,086

1,810,795

1,775,972

1,781,874

1,768,949

1,751,575

1,750,537

1,761,635

1,720,000

1,691,000

1,653,000

1,639,000

1,637,000

1,632,000

1,629,000

1,624,000

0

0

0

0

EXPENSES
Marketing and sales

759,000

762,000

748,000

695,000

608,000

527,000

443,334

402,334

395,502

388,000

388,318

373,335

353,086

334,000

338,187

330,798

329,016

330,599

327,343

329,095

324,185

312,437

311,057

312,830

318,000

325,000

329,000

329,000

337,000

339,000

342,000

341,000

0

0

0

0

Financing

112,000

96,000

95,000

91,000

76,000

65,000

64,534

56,534

49,983

43,000

49,635

43,216

42,388

43,000

16,561

17,468

20,932

21,208

24,650

24,596

23,949

24,570

24,136

24,698

24,000

24,000

25,000

26,000

27,000

28,000

28,000

28,000

30,000

0

0

0

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,000

14,000

15,000

-

12,000

14,000

14,000

13,000

0

0

0

-

General and administrative

303,000

300,000

298,000

283,000

237,000

198,000

136,927

109,927

106,461

106,000

110,202

106,353

102,180

100,000

110,092

111,155

108,686

106,104

102,886

101,604

101,865

100,292

101,360

100,207

93,000

90,000

88,000

86,000

84,000

82,000

81,000

81,000

0

0

0

0

Depreciation, Depletion and Amortization, Nonproduction

136,000

141,000

139,000

124,000

93,000

62,000

35,000

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Litigation charges

-8,000

-7,000

-18,000

-32,000

-47,000

-46,000

-34,817

-19,817

-4,000

-4,000

-1,486

514

697

1,000

299

299

273

232

3,461

-4,114

0

0

0

-

1,000

3,000

0

-

0

0

-

-

-

-

-

-

Organizational and separation related

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,174

1,898

1,791

2,779

7,580

11,248

12,159

14,000

13,000

15,000

16,000

0

0

0

-

-

-

-

-

Consumer financing interest

-

-

-

-

-

-

-

-

-

-

-

0

24,576

-

23,940

23,868

23,999

24,658

25,055

25,371

25,860

27,342

28,737

30,000

32,000

0

0

-

0

-

-

-

-

-

-

-

Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

0

Royalty fee

106,000

106,000

107,000

99,000

89,000

78,000

65,623

61,623

61,930

63,000

66,370

65,994

63,713

61,000

60,558

59,934

59,339

58,982

58,981

59,320

59,542

62,469

61,130

62,477

61,000

62,000

61,000

61,000

0

0

0

-

-

-

-

-

Impairment

168,000

99,000

99,000

26,000

26,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

-

-

0

-

-

-

0

-

-

-

Cost reimbursements

1,139,000

1,108,000

1,092,000

1,046,000

996,000

925,000

829,000

0

0

-

0

-

809,681

720,000

423,911

418,486

412,102

405,875

400,963

400,298

398,715

406,486

398,978

393,103

368,000

365,000

363,000

362,000

368,000

364,000

358,000

349,000

307,000

0

0

0

TOTAL EXPENSES

4,014,000

3,897,000

3,819,000

3,505,000

3,126,000

2,701,000

2,254,465

2,028,465

1,971,774

1,937,000

2,142,466

2,029,372

1,908,737

1,800,000

1,566,603

1,570,680

1,571,818

1,592,792

1,601,750

1,605,650

1,587,982

1,590,794

1,593,911

1,614,767

1,607,000

1,599,000

1,602,000

1,603,000

1,570,000

1,892,000

1,868,000

1,847,000

0

0

0

0

(Losses) gains and other (expense) income, net

-48,000

16,000

30,000

37,000

28,000

21,000

-4,775

225

7,059

6,000

6,646

100

10,934

11,000

0

0

0

-

-

0

0

-

-

1,155

1,000

0

0

-

0

-

-

-

-

-

-

-

Interest expense

-131,000

-132,000

-131,000

-114,000

-84,000

-54,000

-28,462

-16,462

-13,219

-10,000

-7,207

-7,469

-7,799

-9,000

-10,319

-10,896

-11,818

-12,810

-28,152

-22,423

-16,813

-13,936

-14,826

-13,427

14,000

0

0

-

0

-

-

-

-

-

-

-

ILG acquisition-related costs

113,000

118,000

123,000

169,000

152,000

127,000

98,000

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-2,000

1,000

-6,000

-7,000

-6,000

-4,000

1,531

1,531

631

-1,000

8,997

8,922

6,911

4,000

-4,548

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(LOSS) INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTERESTS

23,000

225,000

193,000

152,000

95,000

103,000

89,000

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Losses) gains and other (expense) income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity in earnings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

0

Impairment reversals (charges) on equity investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

0

0

-

-

0

-

-

-

INCOME BEFORE INCOME TAXES

-

-

-

-

-

-

-

-

-

-

-

0

201,700

-

197,727

193,042

189,319

206,497

168,313

175,660

175,863

150,432

146,922

133,275

103,000

79,000

44,000

31,000

66,000

-252,000

-233,000

-217,000

0

0

0

0

Income Tax Expense (Benefit)

10,000

83,000

86,000

74,000

55,000

51,000

-41,893

-16,893

25

5,000

83,237

74,278

76,218

76,000

77,054

77,621

76,166

83,698

78,166

81,420

80,361

64,443

61,581

53,237

41,000

37,000

27,000

24,000

33,000

-59,000

-51,000

-45,000

0

0

0

0

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

13,000

142,000

107,000

78,000

40,000

52,000

51,000

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Noncontrolling Interest

5,000

4,000

-1,000

-3,000

-3,000

-3,000

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Parent

8,000

138,000

108,000

81,000

43,000

55,000

129,924

205,924

243,110

235,000

150,552

137,359

125,482

122,000

120,673

115,421

113,153

122,799

90,147

94,240

95,502

85,989

85,341

80,038

62,000

42,000

17,000

7,000

33,000

-193,000

-182,000

-172,000

0

0

0

0

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

0.77

1.03

0.55

0.70

0.87

0.53

-0.35

0.13

0.16

0.25

0.40

-6.57

0.47

0.58

-

Shares used in computing basic earnings per share (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

31,455

31,858

32,299

33,374

34,292

34,875

35,500

35,400

35,200

34,900

34,400

34,300

34,000

33,700

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

0.75

1.00

0.54

0.67

0.85

0.51

-0.33

0.12

0.15

0.24

0.40

-6.57

0.47

0.58

-

Shares used in computing diluted earnings per share (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

32,128

32,517

33,009

34,366

35,239

35,882

36,700

36,600

36,600

36,800

36,200

36,100

35,700

33,700

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

1,355,000

1,390,000

1,351,000

1,253,000

1,108,000

990,000

840,267

771,267

768,123

757,000

755,902

703,914

648,508

623,000

615,082

620,872

629,792

675,329

670,770

689,352

686,544

652,080

658,696

675,134

672,000

653,000

625,000

618,000

603,000

607,000

618,000

627,000

580,000

0

0

0

Expenses

338,000

356,000

353,000

326,000

292,000

260,000

220,204

202,204

196,229

194,000

199,647

188,426

171,154

163,000

157,591

163,588

174,954

204,299

208,376

216,240

214,535

195,517

202,877

216,463

220,000

206,000

199,000

203,000

202,000

221,000

232,000

239,000

228,000

0

0

0

Management and exchange
Revenue from contracts with customers

942,000

954,000

934,000

829,000

668,000

499,000

344,000

0

0

-

0

-

281,662

278,000

288,351

291,994

291,901

292,561

281,477

278,630

279,388

312,196

306,215

295,394

295,000

290,000

288,000

283,000

249,000

246,000

241,000

238,000

217,000

0

0

0

Expenses

511,000

506,000

485,000

435,000

356,000

259,000

178,000

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Resort management and other services
Revenue from contracts with customers

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Expenses

-

-

-

-

-

-

-

-

-

-

-

0

154,608

-

168,469

176,053

177,526

180,072

171,375

171,823

174,651

213,654

210,797

208,489

207,000

209,000

212,000

213,000

200,000

200,000

198,000

198,000

185,000

0

0

0

Rental
Revenue from contracts with customers

616,000

628,000

586,000

527,000

443,000

371,000

298,031

274,031

269,321

262,000

225,836

233,612

239,391

252,000

317,250

319,513

317,086

312,997

298,215

287,796

276,981

259,505

258,885

262,058

251,000

243,000

232,000

225,000

231,000

227,000

219,000

212,000

197,000

0

0

0

Expenses

434,000

416,000

385,000

348,000

306,000

281,000

243,536

226,536

222,292

221,000

186,806

190,776

199,048

210,000

266,827

268,424

264,231

259,729

256,094

248,132

241,288

248,236

250,631

251,640

236,000

237,000

233,000

225,000

229,000

226,000

221,000

220,000

187,000

0

0

0

Cost reimbursements
Revenue from contracts with customers

1,139,000

1,108,000

1,092,000

1,046,000

996,000

925,000

829,000

783,966

768,786

-

977,061

897,659

809,681

720,000

423,911

418,486

412,102

405,875

400,963

400,298

398,715

406,486

398,978

393,103

368,000

365,000

363,000

362,000

368,000

364,000

358,000

349,000

307,000

0

0

0

Expenses

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-