MARRIOTT VACATIONS WORLDWIDE Corp

For the period ended Dec 31, 2023. Filed Feb 27, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 27, 2024

VAC$115.68+0.5%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Financial Statements Consolidated Statements of Income

CONSOLIDATED STATEMENTS OF INCOME

(In millions, except per share amounts)

	2023	2022	2021
REVENUES
Sale of vacation ownership products	$1,460	$1,618	$1,153
Management and exchange	813	827	855
Rental	571	551	486
Financing	322	293	268
Cost reimbursements	1,561	1,367	1,128
TOTAL REVENUES	4,727	4,656	3,890
EXPENSES
Cost of vacation ownership products	224	289	250
Marketing and sales	823	807	617
Management and exchange	442	444	521
Rental	452	382	344
Financing	113	75	88
General and administrative	273	249	227
Depreciation and amortization	135	132	146
Litigation charges	13	11	10
Restructuring	6	—	—
Royalty fee	117	114	106
Impairment	32	2	3
Cost reimbursements	1,561	1,367	1,128
TOTAL EXPENSES	4,191	3,872	3,440
Gains (losses) and other income (expense), net	47	40	(51)
Interest expense, net	(145)	(118)	(164)
Transaction and integration costs	(37)	(125)	(110)
Other	(3)	1	2
INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTERESTS	398	582	127
Provision for income taxes	(146)	(191)	(74)
NET INCOME	252	391	53
Net loss (income) attributable to noncontrolling interests	2	—	(4)
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	$254	$391	$49
EARNINGS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS
Basic	$6.96	$9.69	$1.15
Diluted	$6.28	$8.77	$1.13
CASH DIVIDENDS DECLARED PER SHARE	$2.92	$2.58	$1.08

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.