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Midas Edge

MARRIOTT VACATIONS WORLDWIDE Corp

For the period ended Mar 31, 2024. Filed May 7, 2024.

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About this filing

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$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

Interim Consolidated Statements of Income

(In millions, except per share amounts)

Three Months Ended
March 31, 2024March 31, 2023
REVENUES
Sale of vacation ownership products$352$375
Management and exchange211200
Rental158151
Financing8378
Cost reimbursements391365
TOTAL REVENUES1,1951,169
EXPENSES
Cost of vacation ownership products5358
Marketing and sales223210
Management and exchange116107
Rental107113
Financing3426
General and administrative6368
Depreciation and amortization3832
Litigation charges33
Restructuring2—
Royalty fee2829
Impairment—4
Cost reimbursements391365
TOTAL EXPENSES1,0581,015
Gains and other income, net—21
Interest expense, net(40)(34)
Transaction and integration costs(15)(13)
Other(1)—
INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTERESTS81128
Provision for income taxes(35)(41)
NET INCOME4687
Net loss attributable to noncontrolling interests1—
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS$47$87
EARNINGS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS
Basic$1.32$2.32
Diluted$1.22$2.06
CASH DIVIDENDS DECLARED PER SHARE$0.76$0.72
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.