MARRIOTT VACATIONS WORLDWIDE Corp
For the period ended Mar 31, 2024. Filed May 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 7, 2024
VAC$110.42+3.0%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Interim Consolidated Balance Sheets
(In millions, except share and per share data)
| Unaudited | ||
|---|---|---|
| March 31, 2024 | December 31, 2023 | |
| ASSETS | ||
| Cash and cash equivalents | $237 | $248 |
| Restricted cash (including $128 and $79 from VIEs, respectively) | 313 | 326 |
| Accounts and contracts receivable, net (including $15 and $15 from VIEs, respectively) | 422 | 385 |
| Vacation ownership notes receivable, net (including $1,914 and $1,912 from VIEs, respectively) | 2,336 | 2,343 |
| Inventory | 637 | 634 |
| Property and equipment, net | 1,299 | 1,260 |
| Goodwill | 3,117 | 3,117 |
| Intangibles, net | 839 | 854 |
| Other (including $110 and $99 from VIEs, respectively) | 667 | 513 |
| TOTAL ASSETS | $9,867 | $9,680 |
| LIABILITIES AND EQUITY | ||
| Accounts payable | $221 | $362 |
| Advance deposits | 176 | 164 |
| Accrued liabilities (including $4 and $4 from VIEs, respectively) | 384 | 343 |
| Deferred revenue | 482 | 382 |
| Payroll and benefits liability | 209 | 205 |
| Deferred compensation liability | 173 | 168 |
| Securitized debt, net (including $2,205 and $2,121 from VIEs, respectively) | 2,178 | 2,096 |
| Debt, net | 3,111 | 3,049 |
| Other | 227 | 249 |
| Deferred taxes | 328 | 280 |
| TOTAL LIABILITIES | 7,489 | 7,298 |
| Contingencies and Commitments (Note 10) | ||
| 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; 75,847,526 and 75,807,882 shares issued, respectively | 1 | 1 |
| Treasury stock — at cost; 40,683,846 and 40,488,576 shares, respectively | (2,351) | (2,332) |
| Additional paid-in capital | 3,951 | 3,955 |
| Accumulated other comprehensive income | 15 | 16 |
| Retained earnings | 763 | 742 |
| TOTAL MVW STOCKHOLDERS' EQUITY | 2,379 | 2,382 |
| Noncontrolling interests | (1) | — |
| TOTAL EQUITY | 2,378 | 2,382 |
| TOTAL LIABILITIES AND EQUITY | $9,867 | $9,680 |
| The abbreviation VIEs above means Variable Interest Entities. | ||
See Interim Condensed Notes to Financial Statements
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