MARRIOTT VACATIONS WORLDWIDE Corp
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
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FY2023 · Filed Feb 27, 2024
VAC$115.13+4.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
Fiscal Year-End 2023 and 2022
(In millions, except share and per share data)
| 2023 | 2022 | |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | $248 | $524 |
| Restricted cash (including $79 and $85 from VIEs, respectively) | 326 | 330 |
| Accounts and contracts receivable, net (including $15 and $13 from VIEs, respectively) | 385 | 292 |
| Vacation ownership notes receivable, net (including $1,912 and $1,792 from VIEs, respectively) | 2,343 | 2,198 |
| Inventory | 634 | 660 |
| Property and equipment, net | 1,260 | 1,139 |
| Goodwill | 3,117 | 3,117 |
| Intangibles, net | 854 | 911 |
| Other (including $99 and $76 from VIEs, respectively) | 513 | 468 |
| TOTAL ASSETS | $9,680 | $9,639 |
| LIABILITIES AND EQUITY | ||
| Accounts payable | $362 | $356 |
| Advance deposits | 164 | 158 |
| Accrued liabilities (including $4 and $5 from VIEs, respectively) | 343 | 369 |
| Deferred revenue | 382 | 344 |
| Payroll and benefits liability | 205 | 251 |
| Deferred compensation liability | 168 | 139 |
| Securitized debt, net (including $2,121 and $1,982 from VIEs, respectively) | 2,096 | 1,938 |
| Debt, net | 3,049 | 3,088 |
| Other | 249 | 167 |
| Deferred taxes | 280 | 331 |
| TOTAL LIABILITIES | 7,298 | 7,141 |
| Contingencies and Commitments (Note 13) | ||
| Preferred stock — $0.01 par value; 2,000,000 shares authorized; none issued or outstanding | — | — |
| Common stock — $0.01 par value; 100,000,000 shares authorized; 75,807,882 and 75,744,524 shares issued, respectively | 1 | 1 |
| Treasury stock — at cost; 40,488,576 and 38,263,442 shares, respectively | (2,332) | (2,054) |
| Additional paid-in capital | 3,955 | 3,941 |
| Accumulated other comprehensive income | 16 | 15 |
| Retained earnings | 742 | 593 |
| TOTAL MVW STOCKHOLDERS' EQUITY | 2,382 | 2,496 |
| Noncontrolling interests | — | 2 |
| TOTAL EQUITY | 2,382 | 2,498 |
| TOTAL LIABILITIES AND EQUITY | $9,680 | $9,639 |
The abbreviation VIEs above means Variable Interest Entities.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.