Marriott Vacations Worldwide Quarterly Cash Flow Statements Chart
Quarterly
|
Annual
Marriott Vacations Worldwide Quarterly Cash Flow Statements Table
Quarterly
|
Annual
| Unit: USD | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-03-31 | 2016-06-17 | 2016-03-25 | 2015-06-19 | 2015-03-27 | 2014-06-20 | 2014-03-28 | 2013-06-14 | 2013-03-22 | 2012-06-15 | 2012-03-23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| operating activities | |||||||||||||||||||||||||||||||||||||||||
| net income | 69,000,000 | 57,000,000 | 49,000,000 | 84,000,000 | 38,000,000 | 46,000,000 | 33,000,000 | 42,000,000 | 90,000,000 | 87,000,000 | 88,000,000 | 110,000,000 | 135,000,000 | 58,000,000 | 59,000,000 | 11,000,000 | 8,000,000 | -25,000,000 | -31,000,000 | -58,000,000 | -62,000,000 | -105,000,000 | 76,000,000 | -7,000,000 | 49,000,000 | 24,000,000 | 63,000,000 | -57,742,000 | 10,761,000 | 35,981,000 | 33,700,000 | 36,309,000 | 24,408,000 | 34,041,000 | 34,054,000 | 36,000,000 | 19,000,000 | 31,000,000 | 18,000,000 | 8,000,000 | 9,000,000 |
| adjustments to reconcile net income to net cash, cash equivalents and restricted cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||
| depreciation and amortization of intangibles | 38,000,000 | 38,000,000 | 37,000,000 | 36,000,000 | 35,000,000 | 38,000,000 | 36,000,000 | 33,000,000 | 34,000,000 | 32,000,000 | 34,000,000 | 33,000,000 | 32,000,000 | 33,000,000 | 34,000,000 | 35,000,000 | 36,000,000 | 41,000,000 | 30,000,000 | 30,000,000 | 31,000,000 | 32,000,000 | 35,000,000 | 33,000,000 | 36,000,000 | 37,000,000 | 33,000,000 | ||||||||||||||
| amortization of debt discount and issuance costs | 7,000,000 | 5,000,000 | 6,000,000 | 5,000,000 | 10,000,000 | 5,000,000 | 6,000,000 | 5,000,000 | 5,000,000 | 7,000,000 | 5,000,000 | 10,000,000 | 5,000,000 | 5,000,000 | 15,000,000 | 19,000,000 | 11,000,000 | 11,000,000 | 6,000,000 | 6,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 4,000,000 | 5,000,000 | 4,000,000 | 4,437,000 | 3,627,000 | 3,936,000 | |||||||||||
| vacation ownership notes and contracts receivable reserve | 58,000,000 | 50,000,000 | |||||||||||||||||||||||||||||||||||||||
| share-based compensation | 12,000,000 | 7,000,000 | 9,000,000 | 8,000,000 | 9,000,000 | 7,000,000 | 6,000,000 | 6,000,000 | 12,000,000 | 7,000,000 | 9,000,000 | 10,000,000 | 12,000,000 | 8,000,000 | 18,000,000 | 11,000,000 | 14,000,000 | 8,000,000 | 13,000,000 | 11,000,000 | 9,000,000 | 3,000,000 | 8,000,000 | 8,000,000 | 10,000,000 | 7,000,000 | 10,000,000 | 9,282,000 | 6,117,000 | 3,601,000 | 3,276,000 | 4,332,000 | 2,524,000 | 3,945,000 | 2,643,000 | 4,000,000 | 2,000,000 | 4,000,000 | 2,000,000 | 3,000,000 | 3,000,000 |
| impairment charges | 28,000,000 | 0 | 28,000,000 | 0 | -1,000,000 | 3,000,000 | -2,000,000 | 0 | 2,000,000 | 2,000,000 | 1,000,000 | 95,000,000 | 0 | 73,000,000 | 0 | 26,000,000 | |||||||||||||||||||||||||
| foreign currency remeasurement (gain) loss | |||||||||||||||||||||||||||||||||||||||||
| deferred income taxes | 11,000,000 | -15,000,000 | -41,000,000 | 0 | 44,000,000 | 35,000,000 | -66,000,000 | -8,000,000 | 4,000,000 | 6,000,000 | 23,000,000 | 35,000,000 | 11,000,000 | 18,000,000 | 24,000,000 | -26,000,000 | 21,000,000 | 15,000,000 | -39,000,000 | 14,000,000 | -3,000,000 | -10,000,000 | -19,000,000 | 4,000,000 | 15,000,000 | 5,000,000 | 52,000,000 | -10,199,000 | 5,485,000 | 6,714,000 | 5,472,000 | 10,243,000 | 5,549,000 | 9,250,000 | 8,600,000 | -2,000,000 | 0 | -1,000,000 | -9,000,000 | -8,000,000 | |
| net change in assets and liabilities: | |||||||||||||||||||||||||||||||||||||||||
| accounts and contracts receivable | -48,000,000 | 25,000,000 | 48,000,000 | -41,000,000 | -89,000,000 | 15,000,000 | -25,000,000 | -6,000,000 | -51,000,000 | 34,586,000 | -11,105,000 | 21,000 | -1,425,000 | -4,643,000 | 13,000,000 | -25,000,000 | 10,000,000 | -11,000,000 | 8,000,000 | -4,000,000 | |||||||||||||||||||||
| vacation ownership notes receivable originations | -255,000,000 | -233,000,000 | -277,000,000 | -292,000,000 | -246,000,000 | -200,000,000 | -238,000,000 | -279,000,000 | -245,000,000 | -225,000,000 | -252,000,000 | -245,000,000 | -278,000,000 | -205,000,000 | -205,000,000 | -225,000,000 | -212,000,000 | -108,000,000 | -112,000,000 | -68,000,000 | -23,000,000 | -174,000,000 | -136,000,000 | -258,000,000 | -229,000,000 | -194,000,000 | -235,000,000 | -161,939,000 | -127,683,000 | -105,378,000 | |||||||||||
| vacation ownership notes receivable collections | 165,000,000 | 176,000,000 | 162,000,000 | 159,000,000 | 151,000,000 | 160,000,000 | 135,000,000 | 153,000,000 | 147,000,000 | 161,000,000 | 173,000,000 | 104,000,000 | 177,000,000 | 188,000,000 | 154,000,000 | 170,000,000 | 197,000,000 | 165,000,000 | 133,000,000 | 153,000,000 | 160,000,000 | 174,000,000 | 31,000,000 | 153,000,000 | 155,000,000 | 154,000,000 | 142,000,000 | 88,743,000 | 76,258,000 | 78,999,000 | |||||||||||
| inventory | -2,000,000 | 1,000,000 | 18,000,000 | -55,000,000 | -13,000,000 | 17,000,000 | 7,000,000 | 34,000,000 | 30,000,000 | 16,000,000 | 30,000,000 | 49,000,000 | -3,000,000 | 28,000,000 | 2,000,000 | 45,000,000 | 40,000,000 | -26,000,000 | 22,000,000 | 1,000,000 | 3,000,000 | -8,000,000 | 55,000,000 | -66,000,000 | 37,000,000 | 39,000,000 | -59,000,000 | 31,160,000 | 35,423,000 | 1,417,000 | 21,944,000 | 1,046,000 | -14,970,000 | 23,746,000 | 44,883,000 | 17,000,000 | 20,000,000 | 12,000,000 | 10,000,000 | 23,000,000 | 28,000,000 |
| other assets | 80,000,000 | -129,000,000 | -21,000,000 | 58,000,000 | 73,000,000 | -133,000,000 | -34,000,000 | 51,000,000 | 85,000,000 | -146,000,000 | -28,000,000 | 42,000,000 | 71,000,000 | -134,000,000 | -17,000,000 | 37,000,000 | 72,000,000 | -138,000,000 | -13,000,000 | 62,000,000 | 78,000,000 | -83,000,000 | 11,000,000 | 43,000,000 | 69,000,000 | -99,000,000 | -32,000,000 | 41,477,000 | 36,247,000 | -24,724,000 | -27,119,000 | 31,396,000 | -5,285,000 | 16,250,000 | -8,096,000 | 25,000,000 | 2,000,000 | -16,000,000 | 16,000,000 | 5,000,000 | |
| accounts payable, advance deposits and accrued liabilities | -95,000,000 | -13,000,000 | 93,000,000 | 29,000,000 | -53,000,000 | -60,000,000 | 104,000,000 | 26,000,000 | -28,000,000 | -101,000,000 | 140,000,000 | -36,000,000 | -4,000,000 | 12,000,000 | 86,000,000 | -35,000,000 | 21,000,000 | -30,000,000 | 85,000,000 | 8,000,000 | -55,000,000 | -184,000,000 | 139,000,000 | 7,000,000 | -46,000,000 | -83,000,000 | 39,000,000 | 46,365,000 | -17,233,000 | -42,132,000 | -30,179,000 | -50,354,000 | -27,836,000 | -41,159,000 | -25,064,000 | -47,000,000 | -9,000,000 | -48,000,000 | -35,000,000 | 4,000,000 | -60,000,000 |
| deferred revenue | -46,000,000 | 88,000,000 | 5,000,000 | -68,000,000 | -64,000,000 | 100,000,000 | 10,000,000 | -45,000,000 | -32,000,000 | 101,000,000 | -4,000,000 | -24,000,000 | -35,000,000 | 54,000,000 | -31,000,000 | 71,000,000 | -54,000,000 | 102,000,000 | 2,000,000 | 18,000,000 | -68,000,000 | 107,000,000 | -31,000,000 | 4,000,000 | -80,000,000 | 117,000,000 | -3,000,000 | 8,507,000 | -15,670,000 | 45,163,000 | 31,861,000 | 1,980,000 | -6,785,000 | 5,669,000 | -11,624,000 | -3,000,000 | 0 | -10,000,000 | 7,000,000 | -2,000,000 | |
| payroll and benefit liabilities | -33,000,000 | -13,000,000 | 18,000,000 | 40,000,000 | -46,000,000 | 4,000,000 | 12,000,000 | 20,000,000 | -33,000,000 | -45,000,000 | 1,000,000 | 45,000,000 | -6,000,000 | 13,000,000 | 0 | 0 | 4,000,000 | 31,000,000 | -12,000,000 | -20,000,000 | -4,000,000 | 18,000,000 | 2,000,000 | -41,000,000 | 21,000,000 | -2,301,000 | 3,951,000 | -30,650,000 | -14,500,000 | 1,273,000 | -28,586,000 | 1,201,000 | -19,583,000 | 1,000,000 | -16,000,000 | 8,000,000 | -15,000,000 | 7,000,000 | -3,000,000 | ||
| deferred compensation liability | 4,000,000 | -5,000,000 | 5,000,000 | 4,000,000 | 5,000,000 | -3,000,000 | 3,000,000 | 5,000,000 | 3,000,000 | 4,000,000 | 5,000,000 | 4,000,000 | 11,000,000 | -7,000,000 | 8,000,000 | 3,000,000 | 13,000,000 | -2,000,000 | 9,000,000 | 5,000,000 | 10,000,000 | -7,000,000 | 5,000,000 | 4,000,000 | 3,000,000 | 6,000,000 | -1,000,000 | 3,227,000 | 3,422,000 | 4,351,000 | 4,147,000 | 2,130,000 | 4,406,000 | 1,937,000 | 2,921,000 | 1,000,000 | 1,000,000 | 0 | -8,000,000 | ||
| other liabilities | -2,000,000 | -5,000,000 | 14,000,000 | -15,000,000 | -89,000,000 | -19,000,000 | 80,000,000 | -14,000,000 | -4,000,000 | 16,000,000 | -45,000,000 | -3,000,000 | 4,000,000 | 19,000,000 | -1,000,000 | 5,000,000 | 0 | -4,000,000 | -7,000,000 | -3,000,000 | 2,000,000 | 1,134,000 | 651,000 | -785,000 | -242,000 | -19,051,000 | 39,399,000 | -9,924,000 | 27,937,000 | -12,000,000 | 27,000,000 | -10,000,000 | 22,000,000 | -1,000,000 | 18,000,000 | ||||||
| purchase and development of property for future transfer to inventory | -47,000,000 | -2,000,000 | |||||||||||||||||||||||||||||||||||||||
| other | -3,000,000 | 1,000,000 | 2,000,000 | -1,000,000 | 4,000,000 | 1,000,000 | 0 | 3,000,000 | 1,000,000 | -5,000,000 | -5,000,000 | 7,000,000 | 2,000,000 | -1,000,000 | -5,000,000 | 12,000,000 | -4,000,000 | 3,000,000 | -14,000,000 | 5,000,000 | -16,000,000 | 13,000,000 | -6,000,000 | 1,000,000 | -2,000,000 | 5,236,000 | -2,318,000 | 3,082,000 | 903,000 | 2,497,000 | -313,000 | 1,924,000 | -50,000 | ||||||||
| net cash, cash equivalents and restricted cash from operating activities | -48,000,000 | 8,000,000 | 72,000,000 | 30,000,000 | 3,000,000 | 122,000,000 | 77,000,000 | -50,000,000 | 162,000,000 | 89,000,000 | 129,000,000 | 155,000,000 | 208,000,000 | -60,000,000 | 231,000,000 | 49,000,000 | -122,000,000 | 202,000,000 | 124,000,000 | 28,000,000 | 28,000,000 | ||||||||||||||||||||
| investing activities | |||||||||||||||||||||||||||||||||||||||||
| capital expenditures for property and equipment | -20,000,000 | -14,000,000 | -14,000,000 | -14,000,000 | -13,000,000 | -16,000,000 | -26,000,000 | -29,000,000 | -26,000,000 | -37,000,000 | -29,000,000 | -13,000,000 | -14,000,000 | -9,000,000 | -28,000,000 | -8,000,000 | -4,000,000 | -7,000,000 | -5,000,000 | -2,000,000 | -17,000,000 | -17,000,000 | -14,000,000 | -13,000,000 | -9,000,000 | -10,000,000 | -23,000,000 | -9,510,000 | -4,727,000 | -2,763,000 | -5,055,000 | -8,811,000 | -6,331,000 | -5,156,000 | -10,562,000 | -1,000,000 | -4,000,000 | -3,000,000 | -4,000,000 | -3,000,000 | |
| purchase of company owned life insurance | -6,000,000 | -4,000,000 | -3,000,000 | -3,000,000 | -6,000,000 | -4,000,000 | -2,000,000 | -4,000,000 | -4,000,000 | -3,000,000 | -7,000,000 | -4,000,000 | -3,000,000 | -3,000,000 | -7,000,000 | -1,000,000 | -3,000,000 | 1,000,000 | 0 | -4,000,000 | -1,000,000 | -1,000,000 | -3,000,000 | -1,000,000 | -1,000,000 | -1,438,000 | -2,562,000 | -9,000,000 | -8,200,000 | ||||||||||||
| purchase and development of property for future sale | 0 | -1,000,000 | 0 | -49,000,000 | |||||||||||||||||||||||||||||||||||||
| other dispositions | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||
| net cash, cash equivalents and restricted cash from investing activities | -25,000,000 | -18,000,000 | -18,000,000 | -19,000,000 | -69,000,000 | -32,000,000 | -16,000,000 | -37,000,000 | 34,000,000 | 25,000,000 | -10,000,000 | -11,000,000 | -168,000,000 | -8,000,000 | 14,000,000 | -17,000,000 | -21,000,000 | 36,000,000 | -14,000,000 | -12,000,000 | 27,000,000 | ||||||||||||||||||||
| financing activities | |||||||||||||||||||||||||||||||||||||||||
| borrowings from securitization transactions | 608,000,000 | 206,000,000 | 124,000,000 | 567,000,000 | 109,000,000 | 524,000,000 | 576,000,000 | 173,000,000 | 572,000,000 | 171,000,000 | 422,000,000 | 132,000,000 | 375,000,000 | 102,000,000 | 532,000,000 | 0 | 0 | 375,000,000 | 113,000,000 | 202,000,000 | 395,000,000 | 57,000,000 | 450,000,000 | 124,000,000 | 116,000,000 | 0 | 40,151,000 | 51,130,000 | 0 | 111,000,000 | |||||||||||
| repayment of debt related to securitization transactions | -564,000,000 | -197,000,000 | -237,000,000 | -416,000,000 | -188,000,000 | -441,000,000 | -503,000,000 | -177,000,000 | -477,000,000 | -174,000,000 | -290,000,000 | -170,000,000 | -307,000,000 | -178,000,000 | -266,000,000 | -182,000,000 | -261,000,000 | -159,000,000 | -167,000,000 | -491,000,000 | -154,000,000 | -148,000,000 | -207,000,000 | -177,000,000 | -363,000,000 | -133,000,000 | -118,000,000 | -109,729,000 | -67,930,000 | -86,341,000 | -54,340,000 | -36,329,000 | -47,711,000 | -64,563,000 | -78,811,000 | -50,000,000 | -81,000,000 | ||||
| proceeds from debt | 465,000,000 | 340,000,000 | 460,000,000 | 215,000,000 | 1,120,000,000 | 340,000,000 | 280,000,000 | 275,000,000 | 110,000,000 | 405,000,000 | 761,000,000 | 380,000,000 | 95,000,000 | 30,000,000 | 50,000,000 | 0 | 500,000,000 | 561,000,000 | 0 | 0 | 500,000,000 | 666,000,000 | 440,000,000 | 185,000,000 | 185,000,000 | 125,000,000 | 40,000,000 | ||||||||||||||
| repayments of debt | -422,000,000 | -277,000,000 | -412,000,000 | -317,000,000 | -1,089,000,000 | -289,000,000 | -265,000,000 | -250,000,000 | -245,000,000 | -461,000,000 | -430,000,000 | -380,000,000 | -95,000,000 | -30,000,000 | -300,000,000 | -750,000,000 | -189,000,000 | -100,000,000 | -2,000,000 | -2,000,000 | -599,000,000 | -102,000,000 | -512,000,000 | -42,000,000 | -214,000,000 | -52,000,000 | -162,000,000 | ||||||||||||||
| finance lease payment | -1,000,000 | -2,000,000 | -2,000,000 | -1,000,000 | -1,000,000 | -2,000,000 | -3,000,000 | 0 | 0 | -2,000,000 | -1,000,000 | 0 | -2,000,000 | -3,000,000 | -1,000,000 | -1,000,000 | -2,000,000 | 1,000,000 | -9,000,000 | -1,000,000 | |||||||||||||||||||||
| payment of debt and securitized debt issuance costs | -7,000,000 | -5,000,000 | 0 | ||||||||||||||||||||||||||||||||||||||
| repurchase of common stock | 0 | -36,000,000 | -11,000,000 | -9,000,000 | -12,000,000 | -24,000,000 | -38,000,000 | -86,000,000 | -82,000,000 | -80,000,000 | -173,000,000 | -216,000,000 | -193,000,000 | -119,000,000 | -74,000,000 | 0 | 0 | 0 | -82,000,000 | -123,000,000 | -127,000,000 | -109,000,000 | -106,000,000 | -94,000,000 | -118,000 | 0 | -1,882,000 | -90,131,000 | -73,228,000 | -14,956,000 | -51,281,000 | ||||||||||
| payment of dividends | -28,000,000 | -55,000,000 | -26,000,000 | 0 | -27,000,000 | -54,000,000 | -26,000,000 | 0 | -26,000,000 | -54,000,000 | -24,000,000 | 0 | -26,000,000 | -49,000,000 | 0 | 0 | 0 | -45,000,000 | -20,000,000 | 0 | -20,000,000 | -41,000,000 | -73,000 | -10,672,000 | -21,255,000 | -19,010,000 | -8,482,000 | -17,585,000 | -4,000 | -8,081,000 | |||||||||||
| payment of withholding taxes on vesting of restricted stock units | 0 | -6,000,000 | -2,000,000 | 0 | -1,000,000 | -5,000,000 | -2,000,000 | 0 | -1,000,000 | -9,000,000 | 0 | -1,000,000 | 0 | -22,000,000 | -3,000,000 | -2,000,000 | 0 | -15,000,000 | -2,000,000 | 0 | 0 | -14,000,000 | -4,000,000 | -1,000,000 | -1,000,000 | -9,000,000 | -1,000,000 | -8,688,000 | -51,000 | -8,261,000 | -6,644,000 | -12,000 | -3,864,000 | -292,000 | -9,061,000 | -4,000,000 | 0 | -4,000,000 | 0 | -3,000,000 | |
| net cash, cash equivalents and restricted cash from financing activities | 51,000,000 | -32,000,000 | 33,000,000 | -102,000,000 | 43,000,000 | -65,000,000 | -155,000,000 | -194,000,000 | -257,000,000 | -156,000,000 | -272,000,000 | -941,000,000 | 461,000,000 | 255,000,000 | -125,000,000 | -148,000,000 | 468,000,000 | -41,000,000 | -120,000,000 | -78,000,000 | -92,000,000 | ||||||||||||||||||||
| effect of changes in exchange rates on cash, cash equivalents and restricted cash | 3,000,000 | 1,000,000 | -2,000,000 | -1,000,000 | -2,000,000 | 0 | 1,000,000 | -2,000,000 | -1,000,000 | 1,000,000 | 3,000,000 | -6,000,000 | 0 | 1,000,000 | -1,019,000 | 1,726,000 | 1,551,000 | ||||||||||||||||||||||||
| change in cash, cash equivalents and restricted cash | -19,000,000 | -41,000,000 | 90,000,000 | -93,000,000 | -24,000,000 | 23,000,000 | -94,000,000 | -280,000,000 | -63,000,000 | -44,000,000 | -153,000,000 | -798,000,000 | 502,000,000 | 186,000,000 | 121,000,000 | -113,000,000 | 319,000,000 | 196,000,000 | -11,000,000 | ||||||||||||||||||||||
| cash, cash equivalents and restricted cash, beginning of period | 0 | 528,000,000 | 0 | 0 | 574,000,000 | 0 | 0 | 854,000,000 | 0 | 0 | 803,000,000 | 0 | 0 | 992,000,000 | 0 | 0 | 701,000,000 | 0 | 0 | 0 | 614,000,000 | 0 | 388,000 | 0 | 490,612,000 | 213,102,000 | |||||||||||||||
| cash, cash equivalents and restricted cash, end of period | -19,000,000 | 487,000,000 | 90,000,000 | -93,000,000 | 550,000,000 | 23,000,000 | -94,000,000 | 574,000,000 | -63,000,000 | -44,000,000 | 650,000,000 | -798,000,000 | 502,000,000 | 1,178,000,000 | 121,000,000 | -113,000,000 | 1,020,000,000 | 196,000,000 | -11,000,000 | -62,000,000 | 578,000,000 | -192,000,000 | 87,797,000 | 333,074,000 | 385,129,000 | 165,874,000 | |||||||||||||||
| supplemental disclosures | |||||||||||||||||||||||||||||||||||||||||
| non-cash issuance of treasury stock for employee stock purchase plan | 3,000,000 | 1,000,000 | 1,000,000 | 0 | 3,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 2,000,000 | 1,000,000 | 1,000,000 | 2,000,000 | 1,000,000 | 1,000,000 | 0 | 1,000,000 | 1,000,000 | 0 | 0 | 1,000,000 | 326,000 | 331,000 | |||||||||||||||||||
| non-cash transfer from inventory to property and equipment | 8,000,000 | -2,000,000 | 9,000,000 | 6,000,000 | 1,000,000 | 1,000,000 | 7,000,000 | 3,000,000 | 2,000,000 | 0 | 14,000,000 | 31,000,000 | 0 | 102,000,000 | 1,000,000 | 2,000,000 | -16,000,000 | 3,000,000 | 22,000,000 | 65,000,000 | |||||||||||||||||||||
| non-cash transfer from property and equipment to inventory | 1,000,000 | 69,000,000 | 0 | 23,000,000 | -3,000,000 | -3,000,000 | 20,000,000 | 43,000,000 | 11,000,000 | 0 | 0 | 2,000,000 | -1,000,000 | 1,000,000 | -1,000,000 | 3,000,000 | 0 | 7,000,000 | 0 | 64,000,000 | |||||||||||||||||||||
| non-cash transfer from other assets to property and equipment | |||||||||||||||||||||||||||||||||||||||||
| right-of-use asset obtained in exchange for finance lease obligation | 2,000,000 | 2,000,000 | 2,000,000 | 1,000,000 | 11,000,000 | 0 | 0 | 80,000,000 | |||||||||||||||||||||||||||||||||
| non-cash issuance of debt in connection with finance lease | 1,000,000 | 2,000,000 | 1,000,000 | 1,000,000 | 11,000,000 | 0 | 0 | 97,000,000 | |||||||||||||||||||||||||||||||||
| interest paid, net of amounts capitalized | 67,000,000 | 54,000,000 | 68,000,000 | 56,000,000 | 71,000,000 | 52,000,000 | 63,000,000 | 42,000,000 | 55,000,000 | 44,000,000 | 45,000,000 | 35,000,000 | 39,000,000 | 30,000,000 | 48,000,000 | 47,000,000 | 36,000,000 | 53,000,000 | 36,000,000 | 56,000,000 | 26,000,000 | 58,000,000 | 32,000,000 | 54,000,000 | 27,000,000 | 54,000,000 | 27,000,000 | ||||||||||||||
| income taxes paid, net of refunds | 107,000,000 | 4,000,000 | 11,000,000 | 8,000,000 | 64,000,000 | 50,000,000 | 3,000,000 | 5,000,000 | 77,000,000 | 56,000,000 | 6,000,000 | 18,000,000 | -30,000,000 | 16,000,000 | -60,000,000 | 8,000,000 | 4,000,000 | 6,000,000 | -13,000,000 | 48,000,000 | 12,000,000 | 23,000,000 | |||||||||||||||||||
| adjustments to reconcile net income to net cash, cash equivalents, and restricted cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||
| vacation ownership notes receivable reserve | 122,000,000 | 46,000,000 | 48,000,000 | 103,000,000 | 41,000,000 | 38,000,000 | 20,000,000 | 64,000,000 | 37,000,000 | 29,000,000 | 28,000,000 | 31,000,000 | 28,000,000 | 14,000,000 | 53,000,000 | 16,000,000 | 10,000,000 | 71,000,000 | 31,000,000 | 30,000,000 | 31,000,000 | 20,000,000 | 26,000,000 | 18,030,000 | 15,095,000 | 8,875,000 | |||||||||||||||
| gains and other income | 2,000,000 | -1,000,000 | 0 | -1,000,000 | |||||||||||||||||||||||||||||||||||||
| deconsolidation of certain consolidated property owners' associations | 0 | 0 | -81,000,000 | 0 | -16,000,000 | -71,000,000 | |||||||||||||||||||||||||||||||||||
| purchase of property for future transfer to inventory | 0 | ||||||||||||||||||||||||||||||||||||||||
| net cash, cash equivalents, and restricted cash from operating activities | |||||||||||||||||||||||||||||||||||||||||
| proceeds from disposition of subsidiaries, net of cash and restricted cash transferred | 0 | 1,000,000 | |||||||||||||||||||||||||||||||||||||||
| issuance of note receivable to vie | 0 | 0 | |||||||||||||||||||||||||||||||||||||||
| proceeds from collection of note receivable from vie | 0 | ||||||||||||||||||||||||||||||||||||||||
| dispositions | 3,000,000 | 0 | 1,000 | 69,729,000 | 9,000 | 20,149,000 | 197,000 | 11,000,000 | 22,000,000 | 0 | 3,000,000 | ||||||||||||||||||||||||||||||
| net cash, cash equivalents, and restricted cash from investing activities | |||||||||||||||||||||||||||||||||||||||||
| purchase of convertible note hedges | 0 | 0 | 0 | -100,000,000 | |||||||||||||||||||||||||||||||||||||
| proceeds from issuance of warrants | 0 | 0 | 0 | 70,000,000 | |||||||||||||||||||||||||||||||||||||
| finance lease incentive | 0 | 0 | 0 | 10,000,000 | |||||||||||||||||||||||||||||||||||||
| net cash, cash equivalents, and restricted cash from financing activities | |||||||||||||||||||||||||||||||||||||||||
| effect of changes in exchange rates on cash, cash equivalents, and restricted cash | |||||||||||||||||||||||||||||||||||||||||
| change in cash, cash equivalents, and restricted cash | |||||||||||||||||||||||||||||||||||||||||
| cash, cash equivalents, and restricted cash, beginning of year | |||||||||||||||||||||||||||||||||||||||||
| cash, cash equivalents, and restricted cash, end of year | |||||||||||||||||||||||||||||||||||||||||
| non-cash issuance of debt in connection with asset acquisition | 0 | 0 | 0 | 11,000,000 | |||||||||||||||||||||||||||||||||||||
| non-cash transfer from property and equipment to other assets | 0 | 2,000,000 | |||||||||||||||||||||||||||||||||||||||
| dividends payable | 1,000,000 | 1,000,000 | 3,000,000 | 0 | 4,000,000 | 2,000,000 | |||||||||||||||||||||||||||||||||||
| payment of debt issuance costs | -13,000,000 | -6,000,000 | -6,000,000 | 0 | -5,000,000 | -1,000,000 | -5,000,000 | -4,000,000 | -5,000,000 | ||||||||||||||||||||||||||||||||
| net change in assets and liabilities, net of the effects of acquisition: | |||||||||||||||||||||||||||||||||||||||||
| acquisition of a business, net of cash and restricted cash acquired | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||
| non-cash issuance of treasury stock in connection with welk acquisition | 0 | 0 | |||||||||||||||||||||||||||||||||||||||
| purchase of vacation ownership units for future transfer to inventory | 0 | 0 | 0 | -12,000,000 | 1,000,000 | 0 | 0 | -99,000,000 | 0 | 0 | 0 | -61,000,000 | |||||||||||||||||||||||||||||
| non-cash reduction of debt associated with bifurcation of conversion feature on the 2022 convertible notes | |||||||||||||||||||||||||||||||||||||||||
| non-cash adjustment to additional paid-in capital for 2022 convertible note hedges | |||||||||||||||||||||||||||||||||||||||||
| finance lease payments | |||||||||||||||||||||||||||||||||||||||||
| non-cash transfer of other assets to property and equipment | 0 | 2,000,000 | 13,000,000 | ||||||||||||||||||||||||||||||||||||||
| accounts receivable | 14,000,000 | 45,000,000 | -6,000,000 | 9,000,000 | 51,000,000 | -3,000,000 | -4,000,000 | -17,000,000 | 45,000,000 | 53,000,000 | 34,000,000 | -20,000,000 | 2,000,000 | -29,000,000 | -33,499,000 | -4,704,000 | 29,203,000 | ||||||||||||||||||||||||
| income tax refunds, net of income taxes paid | -7,000,000 | ||||||||||||||||||||||||||||||||||||||||
| gain on disposal of property and equipment | -8,625,000 | -887,000 | -1,000,000 | 0 | -1,000,000 | ||||||||||||||||||||||||||||||||||||
| proceeds from collection of notes receivable | 0 | 0 | 0 | 38,000,000 | |||||||||||||||||||||||||||||||||||||
| adjustments to reconcile net income to net cash, cash equivalents and restricted cash used by operating activities: | |||||||||||||||||||||||||||||||||||||||||
| debt issuance costs | -13,000,000 | -2,000,000 | 0 | -5,000,000 | -9,000,000 | -5,000,000 | -27,422,000 | -5,602,000 | -976,000 | -1,219,000 | |||||||||||||||||||||||||||||||
| (income tax refunds) income taxes paid, net of refunds | |||||||||||||||||||||||||||||||||||||||||
| (gain) loss on disposal of property and equipment | |||||||||||||||||||||||||||||||||||||||||
| disposition of subsidiary shares to noncontrolling interest holder | |||||||||||||||||||||||||||||||||||||||||
| net cash, cash equivalents, and restricted cash from by financing activities | |||||||||||||||||||||||||||||||||||||||||
| non-cash issuance of note receivable in connection with disposition to noncontrolling interest | |||||||||||||||||||||||||||||||||||||||||
| non-cash issuance of stock in connection with ilg acquisition | 0 | ||||||||||||||||||||||||||||||||||||||||
| property acquired via capital lease | 0 | 7,221,000 | |||||||||||||||||||||||||||||||||||||||
| supplemental disclosures of non-cash investing and financing activities | |||||||||||||||||||||||||||||||||||||||||
| non-cash issuance of debt in connection with acquisition of vacation ownership units | |||||||||||||||||||||||||||||||||||||||||
| non-cash issuance of treasury stock for employee purchase plan | |||||||||||||||||||||||||||||||||||||||||
| accretion of acquired vacation ownership notes receivable | |||||||||||||||||||||||||||||||||||||||||
| decrease in cash, cash equivalents and restricted cash | -36,000,000 | -47,228,000 | |||||||||||||||||||||||||||||||||||||||
| redemption of mandatorily redeemable preferred stock of consolidated subsidiary | |||||||||||||||||||||||||||||||||||||||||
| payment of dividends to common shareholders | |||||||||||||||||||||||||||||||||||||||||
| increase in cash, cash equivalents and restricted cash | -192,000,000 | 87,409,000 | |||||||||||||||||||||||||||||||||||||||
| non-cash transfer of debt | |||||||||||||||||||||||||||||||||||||||||
| adjustments to reconcile net income to net cash and restricted cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||
| net cash and restricted cash from operating activities | |||||||||||||||||||||||||||||||||||||||||
| net cash and restricted cash from investing activities | |||||||||||||||||||||||||||||||||||||||||
| net cash and restricted cash from financing activities | |||||||||||||||||||||||||||||||||||||||||
| adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||
| depreciation | 5,770,000 | 5,601,000 | 5,191,000 | 5,052,000 | 5,125,000 | 4,493,000 | 4,065,000 | 5,000,000 | 4,000,000 | 5,000,000 | 6,000,000 | 7,000,000 | 7,000,000 | ||||||||||||||||||||||||||||
| net cash from operating activities | 35,199,000 | 23,254,000 | 45,704,000 | 11,200,000 | 9,878,000 | 46,596,000 | 32,069,000 | 50,000,000 | 48,000,000 | 45,000,000 | -11,000,000 | 81,000,000 | 25,000,000 | ||||||||||||||||||||||||||||
| capex | -4,727,000 | -2,763,000 | -5,055,000 | -8,811,000 | -6,331,000 | -5,156,000 | -10,562,000 | 0 | -1,000,000 | -4,000,000 | -3,000,000 | -4,000,000 | -3,000,000 | ||||||||||||||||||||||||||||
| free cash flows | 30,472,000 | 20,491,000 | 40,649,000 | 2,389,000 | 3,547,000 | 41,440,000 | 21,507,000 | 50,000,000 | 47,000,000 | 41,000,000 | -14,000,000 | 77,000,000 | 22,000,000 | ||||||||||||||||||||||||||||
| net cash from investing activities | -7,169,000 | -11,763,000 | -13,254,000 | 47,754,000 | 9,811,000 | 11,648,000 | 36,738,000 | 41,000,000 | 33,000,000 | 22,000,000 | -14,000,000 | 19,000,000 | |||||||||||||||||||||||||||||
| borrowings from revolving corporate credit facility | |||||||||||||||||||||||||||||||||||||||||
| repayment of revolving corporate credit facility | |||||||||||||||||||||||||||||||||||||||||
| repayment of non-interest bearing note payable | |||||||||||||||||||||||||||||||||||||||||
| net cash from financing activities | 306,063,000 | -118,700,000 | -81,229,000 | -64,523,000 | -90,667,000 | -79,814,000 | -141,689,000 | -80,000,000 | -122,000,000 | -38,000,000 | 5,000,000 | -59,000,000 | -77,000,000 | ||||||||||||||||||||||||||||
| decrease in cash, cash equivalents, and restricted cash | -105,483,000 | ||||||||||||||||||||||||||||||||||||||||
| benefit from loan losses | 12,042,000 | 11,304,000 | 8,287,000 | 7,225,000 | 8,437,000 | 8,000,000 | 7,000,000 | 9,000,000 | 9,000,000 | 14,000,000 | 9,000,000 | ||||||||||||||||||||||||||||||
| notes receivable originations | -112,832,000 | -66,794,000 | -57,524,000 | -63,114,000 | -48,946,000 | -59,000,000 | -45,000,000 | -56,000,000 | -44,000,000 | ||||||||||||||||||||||||||||||||
| notes receivable collections | 76,068,000 | 60,016,000 | 60,532,000 | 64,879,000 | 67,518,000 | 66,000,000 | 71,000,000 | 74,000,000 | 74,000,000 | ||||||||||||||||||||||||||||||||
| purchase of operating properties for future conversion to inventory | |||||||||||||||||||||||||||||||||||||||||
| liability for marriott rewards customer loyalty program | 0 | -36,000 | -4,871,000 | -4,474,000 | -7,000,000 | -7,000,000 | -13,000,000 | -12,000,000 | |||||||||||||||||||||||||||||||||
| purchase of operating property to be sold | |||||||||||||||||||||||||||||||||||||||||
| proceeds from issuance of convertible notes | |||||||||||||||||||||||||||||||||||||||||
| proceeds from vacation ownership inventory arrangement | 0 | 5,375,000 | |||||||||||||||||||||||||||||||||||||||
| cash, cash equivalents and restricted cash, beginning of year | |||||||||||||||||||||||||||||||||||||||||
| cash, cash equivalents and restricted cash, end of year | |||||||||||||||||||||||||||||||||||||||||
| supplemental disclosure of non-cash investing and financing activities | |||||||||||||||||||||||||||||||||||||||||
| accelerated stock repurchase forward contract | |||||||||||||||||||||||||||||||||||||||||
| increase in cash, cash equivalents, and restricted cash | |||||||||||||||||||||||||||||||||||||||||
| disposition accruals not yet paid | |||||||||||||||||||||||||||||||||||||||||
| non-cash debt issuance costs | |||||||||||||||||||||||||||||||||||||||||
| amortization of debt issuance costs | 1,386,000 | 1,259,000 | 1,300,000 | 1,239,000 | 1,267,000 | 2,000,000 | 1,000,000 | 2,000,000 | 1,000,000 | 1,000,000 | 2,000,000 | ||||||||||||||||||||||||||||||
| non-cash transfer from property and equipment to assets held for sale, within other assets | |||||||||||||||||||||||||||||||||||||||||
| employee stock purchase plan | |||||||||||||||||||||||||||||||||||||||||
| non-cash litigation settlement | 0 | -262,000 | |||||||||||||||||||||||||||||||||||||||
| decrease (increase) in restricted cash | |||||||||||||||||||||||||||||||||||||||||
| proceeds from stock option exercises | 2,000 | 90,000 | 1,000,000 | 1,000,000 | 1,000,000 | 2,000,000 | |||||||||||||||||||||||||||||||||||
| excess tax benefits from share-based compensation | |||||||||||||||||||||||||||||||||||||||||
| effect of changes in exchange rates on cash and cash equivalents | -3,626,000 | 530,000 | 296,000 | -1,453,000 | |||||||||||||||||||||||||||||||||||||
| increase in cash and cash equivalents | 11,000,000 | -41,000,000 | -15,000,000 | 16,000,000 | -33,000,000 | ||||||||||||||||||||||||||||||||||||
| cash and cash equivalents, beginning of year | |||||||||||||||||||||||||||||||||||||||||
| cash and cash equivalents, end of year | |||||||||||||||||||||||||||||||||||||||||
| non-cash impact on additional paid-in capital for changes in deferred tax liabilities distributed to marriott vacations worldwide at spin-off | |||||||||||||||||||||||||||||||||||||||||
| non-cash issuance of note receivable | 0 | -500,000 | |||||||||||||||||||||||||||||||||||||||
| non-cash impact on additional paid-in capital to correct an immaterial error in deferred revenue at spin-off | |||||||||||||||||||||||||||||||||||||||||
| non-cash reversal of litigation settlement | |||||||||||||||||||||||||||||||||||||||||
| increase in restricted cash | |||||||||||||||||||||||||||||||||||||||||
| decrease in cash and cash equivalents | -9,195,000 | -70,448,000 | -21,274,000 | -74,335,000 | |||||||||||||||||||||||||||||||||||||
| cash and cash equivalents, beginning of period | 0 | 177,061,000 | 0 | 346,515,000 | 0 | 200,000,000 | 0 | 103,000,000 | 0 | 110,000,000 | |||||||||||||||||||||||||||||||
| cash and cash equivalents, end of period | -9,195,000 | 106,613,000 | -21,274,000 | 272,180,000 | 11,000,000 | 159,000,000 | -15,000,000 | 119,000,000 | 6,000,000 | 77,000,000 | |||||||||||||||||||||||||||||||
| non-cash transfer of excess inventory to property and equipment for disposition | |||||||||||||||||||||||||||||||||||||||||
| non-cash reversal of litigation expense | 0 | -303,000 | |||||||||||||||||||||||||||||||||||||||
| decrease in restricted cash | -13,164,000 | 16,133,000 | -3,345,000 | 47,103,000 | 32,000,000 | 12,000,000 | -18,000,000 | 22,000,000 | 22,000,000 | ||||||||||||||||||||||||||||||||
| equity method income | -28,000 | -85,000 | -13,000 | ||||||||||||||||||||||||||||||||||||||
| non-cash transfer of property and equipment to assets held for sale, within other assets | 45,201,000 | ||||||||||||||||||||||||||||||||||||||||
| purchase of operating hotels for future conversion to inventory | |||||||||||||||||||||||||||||||||||||||||
| purchase of operating hotel to be sold | |||||||||||||||||||||||||||||||||||||||||
| supplemental disclosures of non-cash financing activities | |||||||||||||||||||||||||||||||||||||||||
| purchase of operating hotel for future conversion to inventory | 0 | -46,614,000 | |||||||||||||||||||||||||||||||||||||||
| impairment charges on equity investment | 2,000,000 | ||||||||||||||||||||||||||||||||||||||||
| impairment (reversals) charges on equity investment | |||||||||||||||||||||||||||||||||||||||||
| borrowings on revolving corporate credit facility | 0 | 25,000,000 | |||||||||||||||||||||||||||||||||||||||
| repayments on revolving corporate credit facility | 0 | -25,000,000 | |||||||||||||||||||||||||||||||||||||||
| increase in cash and equivalents | |||||||||||||||||||||||||||||||||||||||||
| non-cash transfer of sales centers from inventory to property and equipment | |||||||||||||||||||||||||||||||||||||||||
| non-cash reduction of additional paid-in capital for decrease in deferred tax liabilities distributed to marriott vacations worldwide at spin-off | -1,000,000 | ||||||||||||||||||||||||||||||||||||||||
| purchase of treasury stock | -37,000,000 | ||||||||||||||||||||||||||||||||||||||||
| impairment charges (reversals) on equity investment | |||||||||||||||||||||||||||||||||||||||||
| non-cash impact on additional paid-in capital for elimination of a receivable from marriott international at spin-off | |||||||||||||||||||||||||||||||||||||||||
| non-cash assumption of other debt | |||||||||||||||||||||||||||||||||||||||||
| impairment reversals on equity investment | |||||||||||||||||||||||||||||||||||||||||
| supplemental disclosure of non-cash financing activities | |||||||||||||||||||||||||||||||||||||||||
| non-cash reduction of additional paid-in capital for increase in deferred tax liabilities distributed to marriott vacations worldwide at spin-off | |||||||||||||||||||||||||||||||||||||||||
| repayment of debt related to securitizations | -103,000,000 | -60,000,000 | -76,000,000 | ||||||||||||||||||||||||||||||||||||||
| note collections | |||||||||||||||||||||||||||||||||||||||||
| repayment of third party debt | |||||||||||||||||||||||||||||||||||||||||
| net distribution to marriott international | |||||||||||||||||||||||||||||||||||||||||
| non-cash reduction of additional paid-in capital for elimination of a receivable from marriott international at spin-off | |||||||||||||||||||||||||||||||||||||||||
| non-cash settlement of transactions with marriott international through equity | |||||||||||||||||||||||||||||||||||||||||
| issuance of preferred stock to marriott international | |||||||||||||||||||||||||||||||||||||||||
| equity distribution payable to marriott international | |||||||||||||||||||||||||||||||||||||||||
| issuance of common stock for exercise of stock options | |||||||||||||||||||||||||||||||||||||||||
| equity method (income) loss | |||||||||||||||||||||||||||||||||||||||||
| impairment charge | |||||||||||||||||||||||||||||||||||||||||
| liability for marriott rewards loyalty program | -21,000,000 | -10,000,000 | |||||||||||||||||||||||||||||||||||||||
| proceeds from sale of property and equipment | |||||||||||||||||||||||||||||||||||||||||
| notes receivable | 31,000,000 | ||||||||||||||||||||||||||||||||||||||||
| net contribution from marriott international | |||||||||||||||||||||||||||||||||||||||||
| increase in fair value of retained interests in securitizations | |||||||||||||||||||||||||||||||||||||||||
| equity method loss | |||||||||||||||||||||||||||||||||||||||||
| non-cash restructuring charges | |||||||||||||||||||||||||||||||||||||||||
| note advances | |||||||||||||||||||||||||||||||||||||||||
| income taxes | |||||||||||||||||||||||||||||||||||||||||
| real estate inventory spending less than cost of sales | |||||||||||||||||||||||||||||||||||||||||
| notes receivable collections in excess of new mortgages | |||||||||||||||||||||||||||||||||||||||||
| financially reportable sales less than closed sales | |||||||||||||||||||||||||||||||||||||||||
| decrease in accounts payable | |||||||||||||||||||||||||||||||||||||||||
| all other, including other working capital charges | |||||||||||||||||||||||||||||||||||||||||
| net transfers to parent | |||||||||||||||||||||||||||||||||||||||||
| cash and cash equivalents, beginning | |||||||||||||||||||||||||||||||||||||||||
| cash and cash equivalents, end |
We provide you with 20 years of cash flow statements for Marriott Vacations Worldwide stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as operating cash flows, cash levels, capital expenditures, profits, stock-based compensations and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of Marriott Vacations Worldwide stock. Explore the full financial landscape of Marriott Vacations Worldwide stock with our expertly curated income statements.
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